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Commerce Secretary Ross Says The Mexican Peso Will Recover 'Quite A Lot'
Friday, March 3, 2017 - 11:51am | 351Wilbur Ross, billionaire investor turned Commerce Secretary in the Trump administration, was interviewed during Friday's segment of CNBC's "Squawk Box." Among one of the many topics of conversation was President Donald Trump's call to renegotiate the North American Trade Agreement. Ross said that...
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Trump's Commerce Secretary Nominee Explains How U.S. Gets Screwed In Trade
Thursday, January 19, 2017 - 5:07pm | 290President-elect Donald Trump tapped fellow billionaire investor Wilbur Ross to serve as commerce secretary. According to a CNN Money report, Ross shares Trump's vision of cracking down on countries such as China that are taking advantage of U.S. policies in trade. Specifically, he called...
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Steel Expert: Wilbur Ross Comments Give Investors Unfounded Hope
Wednesday, January 18, 2017 - 1:13pm | 371President-elect Donald Trump proved he can move the market with a word, and on Wednesday, his appointed cabinet member demonstrated a similar power. During his confirmation hearing before Congress, Wilbur Ross, the nominee for U.S. Commerce Secretary, remarked on the steel industry — and...
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Pro: Trump Battling China Isn't Like Negotiating A New York Real Estate Deal
Wednesday, December 28, 2016 - 4:11pm | 351President-elect Donald Trump pledged to the American public he will utilize his business acumen and negotiating skills to restore jobs. James McGregor, an expert on the Chinese market and consumers, was a guest on CNBC's "Squawk on the Street" segment on Wednesday to offer his take on what U.S....
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Management Pro Discusses Trump's Leadership Style
Tuesday, December 27, 2016 - 2:58pm | 291Jeffrey Sonnenfeld is the senior associate dean of leadership programs as well as the Lester Crown Professor in the Practice of Management for the Yale School of Management. On Tuesday, Sonnenfeld was a guest on CNBC's "Squawk Box" segment on Tuesday to offer his expert take on what sort of...
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This Billionaire Investor Is Backing Donald Trump, Says 'All Of Our Bad Trade Deals Could Have Been Good Ones'
Friday, July 29, 2016 - 10:25am | 429Wilbur Ross is a billionaire investor best known for restructuring failed companies within steel, coal, telecommunication and other sectors. In an op-ed published on CNBC Friday, Ross and Peter Navarro, a professor of economics and public policy at the Paul Merage School of Business, threw their...
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Wilbur Ross Supports Donald Trump
Wednesday, June 15, 2016 - 11:21am | 294Wilbur Ross, the famed billionaire distressed asset investor publicly announced his support for presumed Republican presidential nominee Donald Trump on CNBC. According to Ross, the U.S. government needs to undergo an overhaul and requires a "more radical" and "new approach to government." He added...
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Wilbur Ross On Greece, The Rise Of Democracy, The Fall Of Civilization And Imminent Chaos
Monday, June 29, 2015 - 2:24pm | 370Wilbur Ross, chairman and CEO of WL Ross Holding Corp (NASDAQ: WLRHU) is regarded as a maverick when it comes to restructuring failed companies. But how do you restructure a failing government? Ross was on CNBC Monday to discuss the Greece debt crisis and whether the government can prevent a...
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Wilbur Ross: Raising Rates Soon Greater Danger Than Being A Little Bit Too Slow
Friday, March 20, 2015 - 11:34am | 358Billionaire investor and Chairman and CEO of WL Ross Holding Corp (NASDAQ: WLRHU), Wilbur Ross was on CNBC Thursday to talk about Fed's statement on Wednesday and the volatility in the markets. Fed Raising Rates Soon A Greater Danger "Rather than saying she [Janet Yellen] nailed it,...
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Wilbur Ross: I Don't Think Oil Price Will Turn Until Late 2016
Monday, January 26, 2015 - 6:48pm | 324Renowned investor, chairman and CEO of WL Ross & Co. LLC Wilbur Ross was on CNBC to discuss the continuing weakness in oil prices and make projections about where they are heading. Ross also shared the opportunities for investments he currently finds in oil and gas sector. Related Link:...
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5 Minimal Peter Cundill-Like Moves For Your Portfolio
Tuesday, July 15, 2014 - 4:47pm | 931Have you read the book There's Always Something to Do by Christopher Russo-Gill? If not, it should move right to the top of your summer reading list. It is the accumulated reflections of Peter Cundill. A Canadian value investor, Cundill used the Graham Deep Value Approach to...
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How To Follow The Private Equity Money Into The Energy Sector
Tuesday, March 11, 2014 - 4:18pm | 889One of the best ways to identify sectors that are undervalued, with huge rebound potential over the next few years, is to track the activities of private equity firms. These investment funds tend to be long-term holders of companies and assets that are purchased when the sector is out of favor...
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How Patience Will Earn You Money In The Stock Market
Friday, October 11, 2013 - 12:34pm | 999"The casino is open and we must go play now." That seems to be the attitude that infects all too many investors. When the opening bells ring on the NYSE every morning at 9:30 am EST, traders seem to feel the need to do something. The ticker tape is running, the talking heads on the media are...
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Buying Railroad ETFs On A Government Shutdown (IYT, XTN, UNP)
Friday, October 4, 2013 - 2:59pm | 422There was speculation that the transportation stocks, including the railroad companies, would be hurt by the government shutdown. Looks like the speculators have been incorrect thus far, considering the iShares Dow Jones Transportation Average ETF (NYSE: IYT) is down less than two percent from...
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Shipping Potential: To Follow Or Not To Follow Wilbur Ross?
Monday, August 26, 2013 - 10:52am | 792There are signs that the global economy is continuing to struggle slowly towards a recovery. It has been a series of two steps forward, one step back and may continue in that fashion for some time but it is ever so slowly getting better around the world. Europe showed some slight signs of...