CNBC’s Jim Cramer on Friday downplayed the stock market decline on President Donald Trump testing positive for the coronavirus, suggesting investors may want to consider buying on pullbacks. “I’m not saying this is much to do about nothing,” Cramer said on “Squawk Box.” ”I am saying that people should have a buy list ready.” Stock futures were sharply
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A federal lawsuit from an ex-employee at the Miami and Atlanta offices of commercial real estate giant Jones Lang LaSalle Americas Inc. alleges she was fired for blowing the whistle about apparent widespread tax and securities laws violations. The lawsuit—filed Wednesday in the Northern District of Illinois—claims to unveil a widespread practice of creating “holdback accounts” that were
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GotTime.com; $1,600 a return; whole lotta hooch; and other highlights of recent tax cases. Jacksonville, North Carolina: Preparer Gene Hersholt Williamson II has pleaded guilty to aiding and assisting in the preparation of false returns. Williamson, who operated a local prep business between 2012 and 2018, fraudulently inflated low-income clients’ refunds by reporting fictitious Schedule
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In a sharply polarized environment, Americans saving for retirement are increasingly concerned about politics — those of their financial advisers. “I’ll get a phone call from one client thinking the world is falling apart, and then another thinking it’s the best time to get into the market — in the same day,” said Robert Schmansky,
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The Key Auto Mall car dealership in Moline, Illinois. Daniel Acker | Bloomberg | Getty Images Fiat Chrysler and General Motor’s auto sales fell in the third quarter, but both automakers saw a significant rebound in demand from the second quarter when the pandemic wreaked havoc on the industry. Fiat Chrysler’s sales fell 10% from a year
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Stock futures fell in early morning trading on Friday after President Donald Trump said he tested positive for the coronavirus. Futures tied to the Dow Jones Industrial Average dropped 266 points after earlier plunging more than 500 points. S&P 500 futures and Nasdaq 100 futures were also in negative territory.  Meanwhile, the yield on the benchmark
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Usually when passengers find themselves sitting on a grounded commercial airplane, reactions range from impatience to downright anger.  But these are not usual times. That’s one of several activities that Singapore Airlines is launching instead of what media reports have dubbed “flights to nowhere.” The airline announced this week it was abandoning plans for destination-less flights —
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Robert Smith, the billionaire chairman and CEO of Vista Equity Partners, said Wednesday that there’s a marked disparity in investment opportunities between the public and private markets. Smith, who spoke with CNBC’s David Faber from the Delivering Alpha conference, said that his firm continues to look at high-growth investments in enterprise software versus more mature areas
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