Month: November 2017

David Paul Morris | Bloomberg | Getty Images An Uber signage is displayed outside the company’s headquarters building in San Francisco, California, on June 21, 2017. Uber’s quarterly adjusted losses widened to $743 million, up 14 percent from the previous quarter, the Financial Times reported on Tuesday. The ride-hailing company’s third-quarter net revenue stood at
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One bitcoin can now buy a Tiffany engagement ring. The digital currency hit $10,000 Tuesday, according to CoinDesk, marking an exponential ascent from 6 cents seven years ago and less than $1,000 at the start of this year. The cryptocurrency had hovered above the $9,800 level for most of the day, but finally broke through
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Those who believe Xi’s administration was involved in Harare’s regime change say it’s no coincidence that Zimbabwean army chief Constantino Chiwenga visited Beijing just days before the military takeover. China’s foreign ministry said the visit was a “normal interaction” and arranged a long time prior. “China may have subtly backed the military and Mwangagwa, preferring
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After shares of Thor Industries surged over 13 percent on Tuesday off a strong earnings report, President and CEO Bob Martin broke down the recreational vehicle maker’s forward drivers for CNBC. “It’s the change of lifestyle, it’s a younger demographic, it’s an industry that’s really reaching this younger buyer,” Martin told “Mad Money” host Jim
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Savers need to be strategic when using health savings accounts for retirement, according to Titus. Individuals who retire before age 65 when they are eligible for Medicare will have health care premiums to pay. That can be done through their health savings accounts, in addition to covering other health care expenses, Titus said. “You’re doing
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‘Tis the season to do good, but especially on Tuesday. Charitable donations generally pick up at the end of the year. Yet experts say they kick into high gear on “Giving Tuesday,” a single day specifically focused on charity in the shopping-heavy week after Thanksgiving. #GivingTuesday raised $177 million last year, according to GivingTuesday.org —
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Despite the doom-and-gloom predictions about the future of big-box retail that are dominating headlines lately, some analysts are bullish about select real estate opportunities and those brick-and-mortar retailers with high customer-satisfaction and engagement ratings in the coming year. “The death of retail has been exaggerated,” said Jay Rollins, managing principal of JCR Capital, which invests
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Factory automation maker Emerson Electric on Tuesday withdrew its offer to buy Rockwell Automation after the smaller rival rebuffed its buyout offer twice. “We are disappointed that the Rockwell board refused even to discuss the potential combination of our two great companies,” Emerson Chief Executive David Farr said in a statement. Shares of Rockwell slipped
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CNBC’s Jim Cramer harbors a grudge for Wall Street professionals who tell people they can’t invest on their own. “I watched people clobber the market regularly and I have always, therefore, resented those who tell you that you can’t do it yourself,” the “Mad Money” host said. When Cramer worked at Goldman Sachs advising wealthy
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UnitedHealth Group shares dipped in after-hours trading Monday on news that the managed health-care giant issued a disappointing earnings forecast. Shares dropped more than 2 percent in trading after the bell, before regaining ground. Shares were recently down about 1.5 percent. UnitedHealth projected revenue for 2018 that would be only marginally higher than most earlier
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Michael Nagle | Bloomberg | Getty Images Robert Kaplan, president of the U.S. Federal Reserve Bank of Dallas Kaplan is a voting member on the FOMC, though he will not be in 2018. He will, however, still provide policy input, and indicated he is in favor of the Fed hiking rates “in the near future,”
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On the supply side, traders are getting nervous about Saudi Arabia, “the world’s most important marginal supplier of oil,” as the kingdom embarks on “radical changes” to domestic and foreign policy, says O’Neill. Investors are now pricing geopolitical risk into the cost of oil. Saudi authorities have rounded up princes, ministers, military officials and other
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Getty Images House Way and Means Chairman Kevin Brady (L) (R-TX) and Speaker of the House Paul Ryan (R) (R-WI), joined by members of the House Republican leadership, introduce tax reform legislation November 2, 2017 in Washington, DC. Times are about to become more complicated for single parents and their kids if the GOP tax
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Understanding the “ins and outs” of social media is essential now for businesses to thrive online. And for British fashion and beauty guru Trinny Woodall, social media has proven key to promoting her profile and her company’s portfolio. “Trinny London,” a business that she launched in October that offers its customers a stackable, versatile makeup
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