CSX CEO talks tariffs and manufacturing: ‘As long as the economy’s growing, we’ll be a part of it’

CSX CEO talks tariffs and manufacturing: ‘As long as the economy’s growing, we’ll be a part of it’

CSX CEO Joe Hinrichs discussed what a change in tariffs and manufacturing might mean for the railroad line in a Thursday interview with CNBC’s Jim Cramer, explaining why he thinks his company is well-positioned. “From our standpoint, actually, as long as it’s coming to the U.S., we’re going to move it somewhere,” Hinrichs said. “If…

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Dogecoin surges 20% after Trump announces a Department of Government Efficiency — DOGE

Dogecoin surges 20% after Trump announces a Department of Government Efficiency — DOGE

Dogecoin shot higher on Tuesday night, extending its postelection surge after President-elect Donald Trump formally announced the creation of the Department of Government Efficiency, which he referred to as “DOGE” in his statement. Tesla CEO Elon Musk and Vivek Ramaswamy, former Republican presidential candidate and Strive Asset Management co-founder, will lead the department, Trump said…

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Trump is the most pro-stock market president in history, Wharton’s Jeremy Siegel says

Trump is the most pro-stock market president in history, Wharton’s Jeremy Siegel says

The stock market could enjoy a bigger boost from President-elect Donald Trump than any previous administration thanks to his pro-business policies, according to Jeremy Siegel, finance professor at the Wharton School of the University of Pennsylvania. “President-elect Trump is the most pro-stock market president we have had in our history,” Siegel said Monday on CNBC’s “Squawk…

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‘Two-stocks’ are better than one? Repacking ‘pair trades’

‘Two-stocks’ are better than one? Repacking ‘pair trades’

The exchange-traded fund industry is trying to make pair-trade strategies more accessible to everyday investors. Tidal Financial Group’s Michael Venuto filed last month for eight two-stock ETFs: going long one stock and short the other. “They should come out probably in about two or three months,” Venuto, the firm’s chief investment officer and co-founder, said on CNBC’s…

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DoubleLine’s Gundlach says expect higher rates if Republicans also win the House

DoubleLine’s Gundlach says expect higher rates if Republicans also win the House

Jeffrey Gundlach speaks at the 24th Annual Sohn Investment Conference in New York, May 6, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Thursday that interest rates could shoot higher if Republicans end up controlling the House, securing a governing trifecta that gives President-elect Donald Trump free rein to spend as he pleases. Gundlach, a…

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