Month: August 2017

Democrats are calling for harsh new punishments on companies that outsource jobs and a crackdown on currency manipulation, embracing a more populist economic agenda as they seek to win back control of Congress in next year’s midterm elections. Senate Minority Leader Chuck Schumer of New York announced the plan Wednesday morning with fellow party Rust
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Dealing with crippling student debt is not on anyone’s post-grad wish list— yet it’s a reality many people face. Student debt has skyrocketed more than 256 percent from 2004 to 2015, according to a recent analysis from ValuePenguin. Outstanding college-loan balances at the end of the first quarter of 2017 totaled $1.34 trillion, according to
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If consumers are holding out for the next iPhone, they’ve still been spending plenty of money at Apple Stores in the meantime. Shares were set to open at a record high Wednesday, with a market capitalization of over $830 billion, after the iPhone maker reported better-than-expected earnings. The stock climbed more than 6 percent in
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Without initiative or proper guidance, many of us never learn about fundamental retirement-planning steps until we’ve already made a mistake. Here’s a list of the top seven mistakes that hurt your chances to achieve financial security in retirement. 1. Assuming we should plan to retire Rocking chairs, sunsets, golf and a sailboat. If you watch
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Check out which companies are making headlines after the bell: Shares of Apple rose 6 percent after easily surpassing fiscal third-quarter earnings expectations. The tech giant reported earnings per share of $1.67 and revenue of $45.41 billion, beating Thomson Reuters consensus expectations of $1.57 per share and revenue of $44.89 billion. It also topped iPhone
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“It’s what I’d call a lame-duck quarter,” Nehal Chokshi, an analyst at Maxim Group, told CNBC’s “Squawk Box” on Monday. “It doesn’t really matter what they say or do. And this is because everybody knows that the June quarter results, you know — we’re at the end of the product cycle. And everybody gives them
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In conjunction with the restructuring plan, Under Armour expects to incur pretax charges of $110 million to $130 million in fiscal 2017. Most of these charges will show up in the third quarter, the company said. The charges include expenses related to facility and lease terminations, employee severance and benefit costs and contract terminations, Under
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Before Tesla cultivated a year-long waiting list for its fully electric Model 3 sedan, “pure electric” vehicles — cars that run entirely on electricity, as opposed to hybrid cars — seemed like something of a niche market. Electric-only cars make up just 0.5 percent of total U.S. vehicle sales, according to Jessica Caldwell, senior analyst
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Bitcoin traded slightly lower Tuesday morning as digital currency miners officially completed the process to split the currency in two, according to Bitcoin Magazine. Futures for the new “bitcoin cash,” an alternative version promoted by a minority of developers, briefly jumped 48 percent to $422, before giving back some gains to trade near $375 as
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Sprint on Tuesday swung to a quarterly profit for the first time in three years and its chief executive said an announcement on merger talks should come in the “near future,” sending shares in the No. 4 U.S. wireless carrier up more than 6 percent. Sprint, majority owned by Japan’s SoftBank, is exploring options including
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But for a person going through a temporary hard time or in a chemical withdrawal period or on a new medicine, the desire may be short-lived. Making it hard for them to physically act may buy time for a change in the circumstances that led to the desire. Things change, and when they do, that
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When it comes to your financial stability, planning ahead is essential. A home-equity line of credit can give you an added level of financial security for the future and is best considered while you’re in a healthy financial position. Having an open line of credit on your house can be a valuable tool. It serves
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Apple has fallen 5 percent from its recent high, and one trader expects more volatility from the stock when it reports earnings Tuesday afternoon. The options market is currently implying a 3 percent move for the stock in either direction by Friday’s close. But given last week’s sell-off in tech and the sector’s failure to
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