Finance

Stocks may see a super-sized comeback deep into next year. The Leuthold Group’s Jim Paulsen sees the depression-like collapse setting the stage for a wartime-type boom. “It forced companies to just knee-jerk react — to cut everything they could to try to survive this pandemic,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Wednesday.
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Nima Ghamsari, co-founder and chief executive officer of Blend, speaks during the Sooner Than You Think conference in Brooklyn, New York, Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images Digital lending start-up Blend raised $75 million in fresh funding amid surging demand for streamlined mortgage applications during the coronavirus pandemic. The move values the
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Warren Buffett Gerard Miller | CNBC Berkshire Hathaway announced on Saturday it bought back a record amount of its own stock during the second quarter as the coronavirus pandemic dented operations for Warren Buffett’s conglomerate.  The company said it repurchased a total of $5.1 billion worth in stock in May and June. Berkshire repurchased more than $4.6
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Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Shares of Square soared on Tuesday evening after posting better-than-expected quarterly results and strong growth in its consumer payments app. The San Francisco-based company reported $1.92 billion
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The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Shares of DiamondPeak Holdings, a special purpose acquisition company, jumped more than 20% during premarket trading on Monday after the company announced that it will
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The dollar slides may intensify. According to Wells Fargo Securities’ Michael Schumacher, the latest Federal Reserve decision on interest rates and its dovish stance supports the greenback’s weakening trend. “The currency market has been very sensitive to this sort of thing while whereas the Treasury market just sits,” the firm’s head of macro strategy told CNBC’s “Trading
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