
Articles
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6 days ago |
cheddar.com | Peter Green
CVS has itself covered coming and going: It's not just a retail pharmacy where generics cost twice what they sell for at independent drug stores-it's also a health insurer, a general retailer and, most lucrative of all, a pharmacy benefits manager. Tie all those together, and you have a healthcare conglomerate whose shares are up more than 50% so far this year. Good news, right? Well, kinda.
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1 week ago |
cheddar.com | Peter Green
The first 100 days of Donald Trump's presidency have been bad for the stock market. Since Trump took office on January 21, the Dow is down 7.23%, the S&P 500 is down 7%, and the economy contracted by 0.3% in Q1. It looks like the first chapter of an impending recession. Some companies, however, are making a silk purse of this sow's ear economy. Take Palantir, the tech, surveillance, and military contractor co-founded by chairman Peter Thiel and CEO Alex Karp.
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2 weeks ago |
cheddar.com | Peter Green
It ain't over yet. Slagging off Fed chair Jerome Powell, and threatening to fire him didn't do Donald Trump any favors. "If I want him out, he'll be out of there real fast, believe me," Trump told reporters at the White House a week ago. The stock and bond markets balked, with the S&P 500 dropping 3.36% on Monday when markets reopened after the Good Friday holiday. So Trump backed down for now, which at least got the S&P back up about 4.2%.
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3 weeks ago |
cheddar.com | Peter Green
For the world's most successful bank, Goldman Sachs sure seems to be having trouble deciding where the economy is going. In a series of reports, as well as statements by CEO and part-time DJ David Solomon, the quintessential Wall Street bank has been calling a recession, then backing down, then calling it again. It's a delicate balancing act for Solomon, who has seen how the Trump Administration can focus unwanted scrutiny on law firms and universities. He wants to keep his company safe.
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1 month ago |
cheddar.com | Peter Green |Peter Gréen
Has President Donald Trump bitten off more than he can chew? Wilbur Ross, the secretary of Commerce during Trump's first term, certainly thinks so, as he explained in an exclusive interview with us on Wednesday, shortly before Trump announced a 90-day pause on his plan to impose punitive sanctions on America's trading partners. (This interview has been condensed and edited for clarity.)What do you make of this current situation?
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