Month: October 2018

Matthew Busch | Bloomberg | Getty Images Nick Akins, chairman, president and chief executive officer of American Electric Power Co. Nick Akins, the chairman and CEO of the largest power transmission network in the United States, is keeping a close eye on the country’s economic patterns, he told Cramer in an exclusive interview Wednesday. “Oil
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Few families can cover the skyrocketing cost of college outright. Luckily, there are more than 7 million scholarships available to help. But wading through the options can be overwhelming. Enter free search sites, like Tuition Funding Sources, which help students find the most desirable kind of assistance — money that does not have to be
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Electronic Arts forecast third-quarter revenue below Wall Street estimates on Tuesday, as the video-game publisher’s delayed launch of its popular “Battlefield V” game hurt the company in an already crowded holiday-season game slate. The company’s shares were down 5 percent at $90.25 in after-market trading. EA forecast third-quarter adjusted revenue of $1.73 billion, missing the
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China reported slower manufacturing growth in October for the second straight month as the country’s trade war dispute with the U.S. continues. Official manufacturing Purchasing Managers’ Index (PMI) was 50.2 — lower than the 50.6 analysts analysts expected in a Reuters poll. The official manufacturing PMI was 50.8 in September. A reading above 50 indicates
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Facebook shares whipsawed in after-hours trading, following a mixed third-quarter earnings report Tuesday. The results fell short when it came to revenue, daily active user and monthly active user estimates in the company’s latest earnings report, despite exceeding analyst expectations on earnings per share. Facebook also told investors to expect increased expenses in 2019. The
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There’s no silver bullet for generating retirement income; however, financial advisors suggest that dividend-focused investors should consider diversifying their holdings and income streams. “Rather than thinking ‘I can only spend dividends that come to me from high-dividend yielders,’ say ‘I need $100,000 a year, and I don’t care whether it comes from dividends, interest payments
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Pau Barrena | Bloomberg | Getty Images Ajay Banga, chief executive officer of MasterCard Inc. Mastercard’s third-quarter profit rose 33 percent, it said on Tuesday, joining rival payments network Visa in reporting higher earnings led by rising U.S. consumer spending. Mastercard’s net income climbed to $1.90 billion or $1.82 per share in the three months
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“We’re hyper aware of what other people are doing,” said Kelly Lannan, director of women and young investors at Fidelity Investments. “But now it’s not just keeping up with friends, it’s keeping up with celebrities.” More than half, or 57 percent, of millennials have spent money they weren’t originally planning to on products they saw
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