Stocks making the biggest moves midday: Bank of America, Adobe, Workday and more

Stocks making the biggest moves midday: Bank of America, Adobe, Workday and more

A Bank of America sign is displayed at the entrance of a branch in New York. Jin Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Bank of America — Shares of Bank of America rose 2% after reporting third-quarter profit and revenue that beat analysts’ estimates. The bank’s consumer and advisory business offset weakness in its trading business. Consumer banking revenue rose 3% to $9.7 billion and the Wall…

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Leon Cooperman to Warren and Sanders: ‘Stop treating billionaires as criminals’

Leon Cooperman to Warren and Sanders: ‘Stop treating billionaires as criminals’

Billionaire investor Leon Cooperman slammed Democratic presidential candidates Elizabeth Warren and Bernie Sanders on their proposals to put an additional tax on the richest Americans. “Stop portraying billionaires as criminals,” Cooperman said on CNBC on Wednesday, the morning after Warren and Sanders in the latest Democratic debate cast themselves as the hardliners on tacking wealth inequality. “They make it sound like rich people don’t pay taxes,” the Omega Advisors founder said on “Squawk Box.” Warren’s…

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Watch: Trump holds press conference with Italian President Sergio Mattarella

Watch: Trump holds press conference with Italian President Sergio Mattarella

<![CDATA[ ]]> [The stream is scheduled to start at 12 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump was slated to hold a press conference at the White House on Wednesday with Italian President Sergio Mattarella. The White House said the two leaders will “celebrate the strong and enduring historical ties between the United States and Italy, which underpin our bilateral relationship.” But…

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Here’s what each presidential candidate had to say about tech regulation at the Democratic debate

Here’s what each presidential candidate had to say about tech regulation at the Democratic debate

(From L) Democratic presidential hopefuls, Mayor of South Bend, Indiana Pete Buttigieg (L), entrepreneur Andrew Yang (C), former Representative for Texas Beto O’Rourke, participate of the fourth Democratic primary debate of the 2020 presidential campaign season co-hosted by The New York Times and CNN at Otterbein University in Westerville, Ohio on October 15, 2019. Saul Loeb | AFP | Getty Images Big Tech had its first big moment in the 2020 presidential election during Tuesday…

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How Howard Schultz conquered self-doubt to build Starbucks into a $100 billion company

How Howard Schultz conquered self-doubt to build Starbucks into a $100 billion company

Despite having a net worth of more than $4 billion and being the driving force behind Starbucks for more than three decades, Howard Schultz says he’s just an average Joe, like you. “I don’t have an MBA. I did not go to an Ivy League school,” Schultz tells Masterclass.com in 13-part series teaching business leadership. “I’m just a regular person just like you who had a dream to try and build a great, enduring company.”…

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Virgin Galactic and Under Armour unveil spacesuits for the first space tourists to wear next year

Virgin Galactic and Under Armour unveil spacesuits for the first space tourists to wear next year

Virgin Galactic founder Richard Branson wearing the spacesuit Under Armour made for the space tourism venture’s astronauts. Virgin Galactic NEW YORK – Astronauts, meet athleisure. Under Armour on Wednesday unveiled the spacesuits it is making for people to wear on flights to the edge of space with Richard Branson’s Virgin Galactic. The two companies are collaborating on a full line of spacewear for Virgin Galactic, which the companies claim as the first collection “created specifically…

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United Airlines CEO on Boeing 737 Max return: ‘No one knows’

United Airlines CEO on Boeing 737 Max return: ‘No one knows’

A United Airlines airplane takes off at San Francisco International Airport. Gary Hershorn | Corbis News | Getty Images United Airlines CEO Oscar Munoz said Wednesday that a firm timeline for the return of the Boeing 737 Max, grounded since March after two fatal crashes, remains unknown. “No one knows,” Munoz said in an interview with CNBC’s “Squawk Box.” “We’ve been doing this for seven months. The important part is that it’s returned safely.” United,…

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Pompeo says he and Pence expect to meet Turkish President Erdogan despite his refusal

Pompeo says he and Pence expect to meet Turkish President Erdogan despite his refusal

President Donald Trump (R) talks with Secretary of State Mike Pompeo during a cabinet meeting at the White House July 16, 2019 in Washington, DC. Chip Somodevilla | Getty Images Secretary of State Mike Pompeo said on Wednesday that he and Vice President Mike Pence will meet with Turkish President Recep Tayyip Erdogan despite the foreign leader earlier saying he would not attend.  “At this point, the vice president and I are planning to take…

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A meaningful surge to new market highs won’t happen until 2020, Medley Global predicts

A meaningful surge to new market highs won’t happen until 2020, Medley Global predicts

Medley Global Advisors’ Ben Emons expects the market to break out in 2020. But his forecast doesn’t apply to the next few months. Despite this week’s strong market gains, the firm’s managing director of global macro strategy predicts uncertainty over the U.S.-China trade war and Brexit will prevail and continue to rock stocks. “We’re dealing with a lot of slowdown in data, particularly on the trade front and across the globe,” Emons he told CNBC’s…

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Weekly mortgage refinance applications rise, even as home purchase demand falls

Weekly mortgage refinance applications rise, even as home purchase demand falls

Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Mortgage interest rates rose last week, but that didn’t throw any cold water on the mini-refinance boom that’s been going on for the past month. Applications for loans to purchase a home, however, came in weaker. Consequently, total mortgage application volume was essentially flat, rising just 0.5% for the week, according to the…

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