Month: October 2017

Check out the companies making headlines after the bell: Electronic Arts shares fell about 3 percent in extended trading after the company reported disappointing guidance. Newfield Exploration‘s stock jumped about 2 percent in the extended session after the company posted better-than-expected third quarter earnings. Shares of Envision Healthcare plummeted more than 27 percent in extended
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Electronic Arts reported quarterly revenue that met analysts’ expectations on Tuesday. Here’s how the company did compared with what Wall Street expected: Revenue: $1.18 billion vs. $1.18 billion expected according to Thomson Reuters consensus estimates. For the full year, EA said it expects net bookings of $5.15 billion, as compared with Wall Street estimates of
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The first one, which has a 57 percent probability of taking place, is Washington coming up with a framework that provides a “modest stimulus” to the U.S. deficit in favor of economic, and ultimately, earnings growth. “On net, we expect that a drop in the tax rate to 25% … should provide about a 3%
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If you asked most businesses that sponsor a 401(k) plan whether they are obeying their fiduciary duties, they would likely respond in the affirmative. They have a brokerage firm, bank or insurance company that provides a list of options to invest in that includes bonds, hybrid options, stock-based investments, as well as a stable value
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It’s important for the self-employed to know the rules first. Businesses must report all earned income and expenses. There are cases where businesses claim items that aren’t actually legitimately deductible. “They think that their personal cell phone that they may use for a few business calls, their home internet, their only car which they claim
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It’s happened to the best of us, no matter what our education. You are at a dinner party or having a conversation in the kitchen at work when you hear someone say, “I just made 100 percent profit buying ABC stock, and this thing is just taking off.” Irrespective of our intellectual quotient, when we
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The scariest thing about Halloween may be the unintentional expenses. Between costumes, decorations and, of course, candy, the average American will be shelling out $169.81, according to a recent poll by LendEDU. Costume purchases made up almost half of that, with partygoers spending just over $70 on their disguises, LendEDU said. More than $60 will
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Mastercard on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations. Here’s how the company did compared with what Wall Street expected: EPS: $1.34 vs. $1.23 expected by analysts surveyed by Thomson Reuters. Revenue: $3.4 billion vs. $3.28 billion expected in the Thomson Reuters survey. Share prices rose 1.8 percent in the premarket after
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There are an estimated 11.2 million widowed individuals across the nation, according to the U.S. census, most of them women. Those who are affluent often initially face one of two financial challenges: having too little cash or too much. The most common issue in having too little cash is lack of immediate access. Perhaps most
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Under Armour reported third-quarter revenue on Tuesday that fell short of analysts’ expectations on account of weaker demand in North America. The athletic footwear and apparel retailer also trimmed back its profit and revenue expectations for the full year. Under Armour said it anticipates a “difficult backdrop” in North America — its largest market —
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CNBC’s Jim Cramer has noticed a lot of action in the stock market recently that, in theory, shouldn’t be happening. “This is a market that seems to have suspended nearly all of the ordinary rules that we go by. Things that aren’t supposed to happen have been happening at a faster pace than at any
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As sports retailers like Under Armour fall under pressure from the brick-and-mortar slowdown, Columbia Sportswear’s President and CEO Tim Boyle told CNBC that his company’s key to success has come from standing out. “Nobody needs another brand of footwear or apparel. Regardless of how impactful our products are, it’s about being different and it’s about
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Check out the companies making headlines after the bell: Mondelez International‘s stock climbed nearly 5 percent in the extended session after the company posted higher-than-expected third quarter earnings. Shares of Voyager Therapeutics dropped 12 percent after hours. Sanofi said it would end a collaboration with Voyager to develop a Parkinson’s disease treatment. Shares of Allison
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The New Jersey-based costume company suing Kmart for stealing its banana costume has reached a settlement outside the court, said Rasta Imposta CEO Robert Berman. “We’re going to continue selling to Kmart in the future,” Berman told CNBC. Berman declined to provide details of the settlement. For almost a decade, Kmart had purchased Rasta Imposta’s
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Add online brokerage accounts to the list of things that can be hacked for gain. A Pennsylvania resident describing himself as a day trader piggybacked off trades made in hacked brokerage accounts to generate $700,000 of illicit profit, federal prosecutors in Brooklyn and the Securities and Exchange Commission said Monday. Joseph Willner faces charges of
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Yet most people apparently don’t mind the risk. In the 2015-2016 flu season, just 43.3 percent of U.S. adults got the flu vaccine, according to the Centers for Disease Control and Prevention. For those under age 18, the rate was 59 percent. (Click on CDC chart below to enlarge.) At the same time, an estimated
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Women are at risk of falling behind when it comes to personal finance and investing. And the stakes are high. Women’s median weekly earnings were 82 percent of men’s in 2016, according to the U.S. Bureau of Labor Statistics, which looked at full-time wage and salary employees. In addition to the income gap women face,
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Andrew Harrer | Bloomberg | Getty Images An Equifax Inc. slide is displayed on a monitor during a House Financial Services Committee hearing in Washington, D.C., on Wednesday, Oct. 25, 2017. The next time you get home on a Friday night and find you’ve left your debit or credit card at the bar, don’t worry.
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This is what reducing the 401(k) plan contribution limit could mean. This is what Congress is calling “tax reform.” There are 54 million American workers participating in about 550,000 401(k) plans, according to the Investment Company Institute. These plans hold more than $5 trillion in assets. This tax reform measure will most likely affect the
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Commercial airliners have advanced autopilot systems that fly the plane for most of its time off the ground. But most planes still need a pilot for takeoffs, landings, flying through extreme turbulence and for directing and monitoring the autopilot system throughout the flight. Similarly, shareholder yield-oriented portfolios can be managed with very low turnover because
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An online investment platform that allows Chinese investors to access a number of “alternative” U.S. investments officially launched Monday. Financial technology firm MarketX lets upper-middle class and institution Chinese investors to invest in tech firms that have not yet issued shares to the general public. These include such notable names as ride-hailing giant Lyft, music
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