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Nevermind that Russia stuff Five days after inauguration, on what turns out to be the day after his National Security Advisor, Mike Flynn, was interviewed by the FBI about conversations with the Russian ambassador (Flynn later pleaded guilty to lying to the FBI in that interview), Trump took to Twitter to complain about voter fraud.
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Daniel Acker | Bloomberg | Getty Images An employee walks near an Abbott Laboratories sign at the company’s headquarters complex in Abbott Park, Illinois. Abbott Laboratories’ fourth-quarter results and 2018 adjusted earnings forecast beat Wall Street estimates as the healthcare company gains from its recent purchase of rivals such as St.Jude Medical and Alere. The
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Consumers may be cutting the cord, but Comcast‘s bets on high-speed internet and film franchises are providing fresh sources of growth. The media and cable giant reported quarterly earnings on Wednesday that beat analyst expectations, and revenue that topped estimates, as the company grew its customer base in high-speed internet and business services, offsetting lost
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Andrew Harrer | Bloomberg | Getty Images President Donald Trump, right, listens while Senator Dick Durbin, a Democrat from Illinois, speaks during a meeting with bipartisan members of Congress on immigration in the Cabinet Room of the White House in Washington, D.C., U.S., on Tuesday, Jan. 9, 2018. President Donald Trump is rejecting a proposed
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Andrew Harrer | Bloomberg | Getty Images Johnson & Johnson Listerine brand cool mint mouthwash bottles move through the production line on a conveyor at the J&J consumer healthcare products plant in Lititz, Pennsylvania. Johnson & Johnson shares slipped Tuesday after the company clarified its forecast for the year might not have been as high
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When it comes to the dangers of high-interest credit card debt, Americans are savvier than ever. That hasn’t stopped them from putting more on plastic than ever before. The average American has a credit card balance of $6,375, up nearly 3 percent from last year, according to Experian’s annual study on the state of credit
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The “Fast Money” traders shared their first moves for the market open. Steve Grasso was a buyer of Horizons Life Sciences Marijuana Index ETF. David Seaburg was a buyer of AbbVie. Dan Nathan was a buyer of Broadcom. Guy Adami was a buyer of Tesaro. Trader disclosure: On January 22, 2018, the following stocks and
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Pending recessions typically end bull markets. And recessions are often presaged by certain signals: rising jobless claims; falling home sales; an inverted yield curve; wage pressures that impact corporate margins; exogenous shocks, including oil spikes; or destabilizing valuations in key asset classes. We don’t see those red flags on the horizon as we enter the
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Like many American companies, Verizon is dissecting the recent U.S. tax overhaul. Scotiabank analyst Jeff Fan pointed to tax reform as a potential positive for the company on Monday. The company expanded on that on Tuesday, revealing that it expected savings from tax reform will add $3.5 billion to $4.0 billion to its operating cash
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Procter & Gamble beat expectations on both the top and bottom line in its second quarter of 2018, showing recovery after organic sales lost steam in the first quarter of its fiscal year. But the company still found itself victim to the intensifying retail landscape, which contributed to declines in both its diaper and Gillette
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Shares of Johnson & Johnson turned negative as investors reacted to a lackluster sales growth outlook. The company topped Wall Street’s fourth-quarter earnings and revenue expectations with boosts from new cancer drugs and its acquisition of Swiss biotech company Actelion. In its earnings release, the company projected operational revenue growth of 3.5 percent to 4.5
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AFP | Getty Images Wang Fuman, also known as ‘Frost Boy’, walks on the road in Ludian in China’s southwestern Yunnan province on January 12, 2018. At an event organized by his charitable foundation on Sunday, Ma told a room of 80 entrepreneurs that establishing a network of boarding schools would improve education standards and
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Cryptocurrency ETFs proved too risky for ETF Managers Group Founder and CEO Sam Masucci, but he threw caution to the wind with his latest marijuana ETF — and it’s paying off. “The business is growing, the companies entering it are growing,” Masucci said on CNBC’s “Fast Money.” “We see this as a tremendous investment opportunity.”
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