Month: January 2018

Check out the companies making headlines after the bell Wednesday: Facebook stock fell more than 2 percent after the bell. The social media giant reported fourth quarter earnings and revenue that crushed Wall Street expectations. The company also reported making more money per user than anticipated, as well as a 14 percent increase in usership
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Qualcomm beat street estimates across the board for its first quarter earnings on Wednesday. But its stock remained nearly unchanged in after hours as investors are still on wait-and-see mode over external issues affecting the company. Here are the most important numbers: Revenue: $6.04 billion vs. $5.93 billion, as expected, according to Thomson Reuters EPS
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AT&T posted fourth-quarter results that bested Wall Street expectations on Wednesday. The company said it saw strong wireless customer growth as well as fewer subscriber cancellations than the Street had projected. AT&T also gave strong guidance for fiscal 2018. The stock rose more than 3 percent in after-hours trade as more than 5 million shares
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In Janet Yellen‘s final meeting as Fed chair, the central bank decided Wednesday against increasing its benchmark interest rate but indicated it expects inflation pressures to heat up as the year moves on. The policymaking Federal Open Market Committee said current conditions indicate that the overnight funds rate should remain anchored at 1.25 to 1.5
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Food suppliers US Foods and Sysco have initiated separate lawsuits accusing numerous large poultry suppliers of colluding to manipulate wholesale chicken prices, The Wall Street Journal reported Wednesday. The two companies, which are the largest food suppliers to U.S. restaurants in the country, alleged that the poultry processors, including Tyson Foods, Pilgrim’s Pride and Sanderson
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“Those same savings accounts are not covering the full cost of college for most students and their families,” said Robert Franek, The Princeton Review’s editor-in-chief. Families with students in four-year private colleges spent almost $47,000 in 2017-18, up 3.5 percent from the year earlier. At in-state, four-year public colleges, it was more than $20,000, according
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Starbucks. Karen Finerman was a buyer of General Motors. David Seaburg was a buyer of McDonald’s. Steve Grasso was a buyer of Rite Aid. Trader disclosure: On January 29, 2018, the following stocks and commodities mentioned or
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First, they are concerned they will run out of money. Second, they are suddenly transformed into spenders of assets, while no longer bringing in additional earnings from a paycheck. Both of these factors can certainly require some adjustment. To help you get there, here are four tips that can help you wisely manage your savings
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IROZ GAIZKA | AFP | Getty Images Frenchman Pierre Agnes pictured in his office on October 17, 2014. French coastguards are searching for the chief executive of a leading surfwear company after his boat was discovered washed ashore on a beach in the country’s south-west. Pierre Agnes, CEO of Boardriders, Quiksilver’s parent company, set sail
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South Korea has uncovered cryptocurrency crimes worth 637.5 billion won ($594.35 million), which includes illegal foreign exchange trading, a statement released by the country’s customs service said on Wednesday. The statement said domestic investors bought 1.7 billion won worth of cryptocurrencies, which they sent to overseas partner companies through virtual wallets. The transfers were then
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A slew of negative reports hit the cryptocurrency world Tuesday. Facebook announced a ban on advertisements for “binary options, initial coin offerings and cryptocurrency.” The blanket decision is part of the social media giant’s efforts to prohibit ads for financial products and services “that are frequently associated with misleading or deceptive promotional practices.” The news
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Brokers will soon have a couple new weapons to battle financial fraud targeting older Americans. First, a rule from securities regulators goes into effect on Feb. 5 that allows brokers to put a temporary hold on a requested account withdrawal if financial exploitation is suspected. “A lot of times advisors haven’t had the ability to
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Amazon, Berkshire Hathaway, and JPMorgan Chase on Tuesday announced a partnership to cut health-care costs and improve services for their U.S. employees. The announcement slammed the shares of multiple companies in the health-care sector. The giant companies, which together employ more than 1.1 million workers, will launch an independent operation that’s intended to be free
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Zach Gibson | Bloomberg | Getty Images Jay Clayton, chairman of U.S. Securities and Exchange Commission The U.S. Securities and Exchange Commission announced Tuesday it has obtained a court order to halt what is likely the largest initial coin offering ever. The complaint was filed in Dallas, Texas, on Thursday and unsealed late Monday. It
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The drop in health insurance stocks after the landmark partnership announcement by Amazon, Berkshire Hathaway and J.P. Morgan Chase is a buying opportunity, according to one Wall Street firm. The three companies announced a partnershipon Tuesday to devise ways to cut health-care costs and improve services for their 1.1 million employees. The firms will launch
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