Month: June 2019

Paychex Access payroll card in Brookline, Mass. Pat Greenhouse | The Boston Globe | Getty Images Shares of Paychex dropped on Wednesday after Bank of America downgraded the stock due to its “excessive valuation” and “underwhelming fundamentals.” The bank slashed its rating for the employment services company to underperform from neutral, while keeping its 12-month
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The “Fast Money ” traders shared their first moves for the market open. Pete Najarian was a buyer of the China Internet ETF. Tim Seymour was a buyer of Alibaba.  Guy Adami was a buyer of Shake Shack.  Trader disclosure: Pete Najarian is long calls ALLY, ASHR, BABA, BOX, DBX, DOCU, DVN, FCX, GDX, GLD, JD,
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Apple CEO Tim Cook delivers the keynote address during the 2019 Apple Worldwide Developer Conference (WWDC) on June 03, 2019 in San Jose, California. Justin Sullivan | Getty Images Apple has purchased autonomous vehicle startup Drive.ai, the company confirmed to CNBC. The deal confirms Apple’s continued interest in self-driving car software, and it will bolster
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Frederick Smith, CEO of FedEx. Adam Jeffery | CNBC FedEx CEO and Chairman Frederick Smith said on Tuesday the company’s lawsuit against the Department of Commerce is “separate and distinct” from recent shipping incidents involving Chinese technology company Huawei. The shipping company sued the Department of Commerce on Monday, saying that regulations requiring companies to
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‘Valentine’s Day’ Episode 16 of the sitcom The Office. Pictured is the cast of the sitcome: (L to R) Angela Kinsey as Angela Martin, Kate Flannery as Meredith Palmer, Steve Carell as Michael Scott, Phyllis Smith as Phyllis Lapin-Vance, and Jenna Fischer as Pam Beesly. Paul Drinkwater | NBCUniversal | Getty Images NBC has decided
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Sanjay Mehrotra, CEO, Micron Technology Scott Mlyn | CNBC Shares of memory and storage company Micron rose as much as 10% after-hours Tuesday after the company beat analysts’ expectations for the third quarter of its 2019 fiscal year, which ended on May 30. Here are the key numbers: Earnings: $1.05 per share, excluding certain items,
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A key measure of the American economy slipped this month after three consecutive months of increases as consumers saw the trade war with China as an increased risk. The Conference Board’s consumer confidence index declined to 121.5 in June, the business research group said on Tuesday, down from May’s recording of 134.1. The drop is
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The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of FedEx. Brian Kelly was a buyer of the Junior Gold Miners ETF. Dan Nathan was a seller of the Consumer Staples ETF. Guy Adami was a buyer of CME Group.  Trader disclosure: Tim Seymour is long AMZN,
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