Worries about discord on Capitol Hill seems to transcend political affiliation. Among participants, nearly half of Republicans pointed to politics as a major concern facing the economy, Bankrate.com found. Meanwhile, 45% Democrats and 42% of Independents agreed that the political climate is the biggest threat. The findings suggest that Americans are looking for action from
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of IBM. Tim Seymour was a buyer of United Airlines. Steve Grasso was a buyer of Netflix. Guy Adami was a buyer of UnitedHealth. Trader disclosure: Pete is long calls AAL, AMD, ASHR, BABA, BAC, BP, BSX, CFX,
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It was a tale of two stories for Netflix according to Wall Street analysts. While the company posted first-quarter revenue that beat estimates, it also warned that it expected light second-quarter guidance. Shares of the streaming giant plunged 9% in extended hours trading after the report Tuesday and opened up over 2% in early trading
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Morgan Stanley on Wednesday posted profit and revenue that exceeded analysts’ expectations on better-than-expected results in wealth management and fixed-income trading. The bank said it generated $2.4 billion in first-quarter profit, or $1.39 per share, compared with the $1.17 estimate of analysts surveyed by Refinitiv. Morgan Stanley’s revenues of $10.3 billion beat the $9.94 billion
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Gianluca Colla | Bloomberg | Getty Images Logos of ABB AG sit on display outside the company’s semi-conductor plant in Lenzburg, Switzerland. ABB Chairman Peter Voser has taken over as temporary chief executive at the Swiss engineering group, the company said on Wednesday, after CEO Ulrich Spiesshofer resigned. In a surprise move Spiesshofer, CEO since
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J.B. Hunt Transport Services‘ downbeat earnings call on Monday should put to rest any ideas that the economy is too strong and that the Federal Reserve should tighten interest rates again, CNBC’s Jim Cramer said Tuesday. The trucking and transportation company’s stock sank nearly 5% after missing Wall Street’s expectations and blaming low volume on
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Check out the companies making headlines after the bell: Netflix shares dropped as much as 8% in extended trading Tuesday after posting better-than-expected first-quarter earnings and disappointing second-quarter guidance. The streaming platform posted earnings per share of 76 cents, beating estimates of 57 cents. Revenue was $4.52 billion, topping Wall Street’s estimates of $4.5 billion,
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United Continental Holdings, the parent company of United Airlines, reported first-quarter earnings Tuesday that beat Wall Street profit expectations but fell shy of revenue estimates, as the airline grapples with the prolonged grounding of Boeing’s 737 Max jets. Here’s what the company reported versus what analysts polled by Refinitiv expected: Adjusted earnings per share: $1.15
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Tax season has come and gone — at least for the more than 103 million filers who submitted their returns before April 15. This spring marked the first time taxpayers and their accountants submitted tax returns under the Tax Cuts and Jobs Act. The overhaul of the tax code, which went into effect in 2018,
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William DeShazer | Reuters Line workers begin installing the interior and electronics on the flex line at Nissan Motor Co’s automobile manufacturing plant in Smyrna, Tennessee, August 23, 2018. U.S. manufacturing output was unchanged in March after two straight monthly declines, leading to the largest quarterly decrease in production since 2017. The Federal Reserve said
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A college education is likely one of the biggest expenses you’ll face in your lifetime. For many, it also requires going deep into debt. Seven in 10 seniors graduate in the red, owing about $30,000 per borrower, according to the most recent data from the Institute for College Access & Success. And although total student
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“A combined (private/federal, ungrad/grad) student loan balance pushing $100,000.” “Getting into $70K student loan debt from my undergraduate degree from a public university.” Survey participants had a lot of regrets when it comes to student loan debt. American borrowers collectively owe more than $1.5 trillion in students loans, according to the St. Louis Federal Reserve.
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Check out the companies making headlines before the bell: UnitedHealth — The health insurer reported adjusted quarterly profit of $3.73 per share, beating the consensus estimate of $3.60. Revenue beat forecasts, and the company also raised its full year forecast amid strength in its Optum health information technology unit as well as increases in health
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Bank of America shares declined after executives said the lender’s net interest income would grow at half the rate of last year. Despite posting a record first-quarter profit driven by cost cuts and strength in the bank’s Main Street lending operations, shares of the company fell 1.8% at 9:15 a.m. The stock decline steepened after
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BlackRock, the world’s largest asset manager, reported a better-than-expected first-quarter profit and garnered tens of billions of new investor cash as global financial markets rebounded from a volatile fourth quarter. Net income attributable to BlackRock fell to $1.05 billion, or $6.61 per share, in the three months ended March 31, from $1.09 billion, or $6.68
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Johnson & Johnson‘s mounting legal costs ate into its first-quarter profits, which dropped 14% as it fights thousands of lawsuits over its talc baby powder and shelled out almost $400 million to settle 25,000 cases over its blockbuster blood thinner Xarelto. Still, the health company on Tuesday reported better-than-expected earnings, and its shares closed up
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Simon Dawson/Bloomberg/Getty Images The Saudi Stock Exchange, also known as the Tadawul All Share Index, in Riyadh, Saudi Arabia Major Saudi shopping mall developer Arabian Centres Company is launching an initial public offering that will be the kingdom’s biggest since 2014, when Saudi Arabia’s largest lender, National Commercial Bank, was listed. The listing, which was
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