Business

J.P. Morgan Securities’ Colleen O’Callaghan is taking steps to protect portfolios from an economic setback. O’Callaghan warns the domino effect from coronavirus aid gridlock on Capitol Hill is the biggest risk facing Wall Street right now. As a result, she’s increasing cash exposure for her ultra-high net worth clients. “What we’ve been working to do
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American Airlines would be forced to discontinue service to additional U.S. markets in the absence of new coronavirus relief from Washington, CEO Doug Parker told CNBC on Thursday. The airline has already cut service to 13 cities through the month of November, Parker pointed out on “Squawk Alley,” shortly after House Speaker Nancy Pelosi, D-Calif., rejected the idea of
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Investor Peter Boockvar believes Wall Street is on the cusp of taking inflation more seriously. With the 10-year and 30-year Treasury Note yields trading around four-month highs, the Bleakley Advisory Group chief investment officer warns high inflation paired with slower economic growth, otherwise known as stagflation, is becoming a major risk. “A stagflationary-type environment, if
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Rep. Raja Krishnamoorthi, D-Ill., questions witnesses during a House Intelligence Committee impeachment inquiry hearing in Washington, D.C., U.S., on Tuesday, Nov. 19, 2019. Jacquelyn Martin | AP | Bloomberg via Getty Images A House Oversight subcommittee has opened an investigation looking at whether White House officials unduly pressured the nation’s top health agencies throughout the
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Crowdcube co-founder and CEO Darren Westlake. Crowdcube LONDON — British start-up investing platforms Crowdcube and Seedrs are set to merge in an industry-shaking deal that will create a £140 million ($181.4 million) equity crowdfunding powerhouse. Crowdcube and Seedrs, founded in the wake of the 2008 financial crisis, shook up the capital markets by allowing the
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3D illustration of coronavirus on a colored background. Leonello Calvetti | Stocktrek Images | Getty Images The Centers for Disease Control and Prevention revised its guidance on the coronavirus Monday, acknowledging that it can sometimes spread through airborne particles that can “linger in the air for minutes to hours” and among people who are more
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A technician prepares a flow cell slide for loading onto a genetic sequencing machine at a Regeneron Pharmaceuticals laboratory at the biotechnology company’s headquarters in Tarrytown, New York Mike Segar | Reuters Check out the companies making headlines in midday trading.  Regeneron — Shares of the biotech company rose 5.9% after President Donald Trump used
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