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A trader works on the floor of the New York Stock Exchange.

A lot of strategists seem a bit nervous that more economic data will come in lower than expected. Thus far, their fears seem well-founded. This morning saw a flurry of disappointing data: consumer confidence for September came in at 86, well below expectations of 92.6. Separately, September Chicago PMI, a measure of manufacturing activity in the Chicago …

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Carl Icahn, billionaire investor and chairman of Icahn Enterprises Holdings LP

Activist investor Carl Icahn is “happy” about Tuesday’s split between eBay and PayPal. He added in a reaction statement that the payments industry “must be consolidated” and PayPal should make acquisitions or merge with “another strong player in the industry,” especially with strong competition from Apple Pay. Icahn added that he intended to have discussions with John Donahoe, who will step down as …

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Call it the housing bubble 2.0. While real estate in much of the country is hitting a slow patch, luxury home sales in Silicon Valley are soaring nearly as fast as Facebook stock. Sales of homes in San Jose, California, priced at $1 million or more jumped 76 percent in 12 months ended in July, according to …

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Mark Hurd, co-CEO of Oracle

Oracle‘s newly minted co-CEO Mark Hurd told CNBC on Tuesday the technology company is focusing on execution, particularly on the combination of hardware and software. “The integration of hardware and software together to create a better, different user experience,” Hurd said on “Squawk Alley.” “This is the way we think computing is headed and the growth in …

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A protester hits a defaced cutout of Hong Kong Chief Executive Leung Chun-ying, as they protest near the central government offices in the business district of Admiralty in Hong Kong September 29,2014.

As tensions continue to flare in Hong Kong, the central government in Beijing is calling on protesters to consider the economic damage they are doing to their city. But while blocked roads and people skipping work are probably affecting the city’s output, the long-term stakes of the conflict far outweigh those immediate concerns, experts say. Leung …

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Traders on the floor of the New York Stock Exchange.

U.S. stocks rose on Tuesday, bouncing back from the prior day’s drop, as eBay led technology shares higher and portfolio managers engaged in end-of-quarter positioning. “There is some window dressing going on; we’re probably going higher today on things that worked,” said Kim Forrest, senior equity analyst at Fort Pitt Capital. “The price went up …

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ZTE Zmax

The ZTE ZMAX phablet aims to separate itself from Apple‘s iPhone 6 Plus by featuring a bigger screen at a cheaper price. The device, for $252, has a 5.7-inch HD display and became available in T-Mobile stores on Sept. 24. The iPhone 6 Plus with a 5.5-inch display is priced at $299. The ZMAX’s simple design with round …

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U.S. video streaming site Netflix is to release its first movie — a sequel to the classic “Crouching Tiger, Hidden Dragon” — after striking a distribution deal with The Weinstein Company. “Crouching Tiger, Hidden Dragon: The Green Legend” will be released simultaneously on Netflix and selected IMAX theatres on August 28, 2015. The movie is expected to the first …

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Jared Reynolds never planned to become a professional bass fisherman like his father, but as fate would have it, he built a career around the sport, anyway. Reynolds, a certified financial planner and co-founder of Wilkerson and Reynolds Wealth Management, is part of a small population of financial advisors who focus their practices on a …

Scott Mlyn | CNBC
Shoppers looking at new iPhone 6 and iPhone 6 Plus models at an Apple store in New York.

U.S. consumers turned pessimistic on the economic outlook in September, according to data from The Conference Board, bringing a four-month win streak to an abrupt halt. The organization said Tuesday its gauge of consumer sentiment tumbled to 86 in September from 93.4 in the previous month, with expectations also falling sharply, to 83.7 from 93.1. Economists …

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This story is developing. Please check back for further updates. Pimco Total Return ETF saw $448 million in outflows Friday and $98 million in outflows Monday, a company spokesperson said. Click here for the latest on the markets.

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Expectations that the Federal Reserve is on course to start tightening policy has spurred fears of a return of last year’s emerging market turmoil, but Societe Generale tips a strong dollar as a bigger risk. “A strong dollar tantrum could be a more worrying scenario than a Fed tightening tantrum,” Michala Marcussen, global head of economics at …

Meghan Reeder | CNBC
CNBC's Phil Lebeau test drives Ford's F-150 Aluminum.

With investors questioning Ford‘s near-term outlook, the American automaker heads into the fourth quarter needing a shot in the arm from its bread and butter truck: The F-Series. The new pickup, which is a dramatic shift incorporating aluminum panels, rolls into showrooms later this year and comes at a time when Ford finds itself dialing back …

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Christine Lagarde

Advanced economies face “permanently weak demand” warned the International Monetary Fund (IMF) on Tuesday, which argued “the time may be right for an infrastructure push”. According to the organization, infrastructure investment is “one of the few remaining policy levers available to support growth” – especially in the euro zone where despite accommodative monetary policy “there …

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After spending much of this year explaining why its two businesses are best left together, eBay’s board of directors and CEO did a complete about-face Tuesday morning, announcing a plan under which its PayPal and eBay marketplace businesses will be split into separately traded public companies by the middle of next year. And CEO John Donahoe will step down …