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CNBC’s Jim Cramer continues to suggest that investors should own Apple’s stock and not trade it, even as the company weathers the storm of the prolonged trade war. “You need to strap yourself to the mast if you’re gonna hold onto this one, as we’ve done for my charitable trust,” the “Mad Money” host said
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A shopper carries a Victoria’s Secret bag while walking on Steinway Street in the Queens, New York. Mark Kauzlarich | Bloomberg | Getty Images Shares of L Brands, the owner of Victoria’s Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and earnings expectations,
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Environmentalists protesting outside Amazon’s shareholder meeting Paayal Zaveri | CNBC Amazon‘s annual shareholder meeting on Thursday turned hostile as shareholders demanded change on a number of issues, ranging from renewable energy use to equal pay. Dozens of shareholders, including current employees, joined the meeting in Seattle, presenting their case over 12 different proposals. They included
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The booster of SpaceX’s Falcon 9 rocket lands on the company’s barge after launching the Spaceflight SSO-A mission. SpaceX Elon Musk’s SpaceX, in a previously secret lawsuit revealed on Wednesday, challenged the Air Force awarding $2.3 billion in rocket development contracts last year to competitors Blue Origin, Northrop Grumman and United Launch Alliance, which is a
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Vans sneakers on beach Source: Vans Apparel maker VF Corp forecast full-year revenue and profit below expectations on slowing demand for its popular outdoor wear label North Face and sneaker brand Vans, sending its shares down about 7%. The company wants to better focus on the high-margin brands, and is, therefore, spinning off its less
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Elon Musk, chief executive officer of Tesla Inc., arrives at federal court in New York, on Thursday, April 4, 2019. Natan Dvir | Bloomberg | Getty Images Morgan Stanley caused a stir on Tuesday when star auto analyst Adam Jonas put out a “bear case” scenario that envisioned Tesla‘s shares plummeting to just $10. And
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Target shares soared Wednesday after the discount retailer reported fiscal first-quarter earnings and sales that topped analysts’ expectations, as it brought more people to its stores and convinced them to spend more money there. Target’s e-commerce sales also surged 42%, as shoppers increasingly turned to its curbside pickup service for online orders, something Amazon can’t
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CNBC’s Jim Cramer said Tuesday it appears that cannabis companies could be seeing some “meaningful differentiation.” He took a look at the chart patterns of stocks in the sector as interpreted by Tim Collins, a technician and Cramer colleague at RealMoney.com. “The charts, as interpreted by Tim Collins, suggest that GW Pharma and Village Farms
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A customer pushes a shopping cart inside a J.C. Penney Co. store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines midday Tuesday: Micron, Qualcomm, Broadcom – Chip stocks staged a comeback after the U.S. granted a 90-day license for mobile phone companies and internet providers to work
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Once primarily used for financing purchases such as washing machines or winter coats when the economy was floundering, layaway has a whole new look. Now called point-of-sale loans, installment payments are once again shaking up how consumers finance purchases — on everything from sneakers to skin care. “As brick-and-mortar retailers continue to face challenges, many
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