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FedEx reported fiscal third-quarter earnings and revenue Tuesday that beat analysts’ expectations. Here’s how the company did compared with what Wall Street expected: EPS: $3.72 vs. $3.11, according to Thomson Reuters Revenue: $16.52 billion vs. $16.16 billion, according to Thomson Reuters In the year ago quarter, FedEx reported earnings of $2.30 a share on $15
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Household of one: Minimum of $72,126 Household of two: Minimum of $102,001 Household of three: Minimum of $124,925 Household of four: Minimum of $144,251 Household of five: Minimum of $161,277 Still, just because you fit into those parameters doesn’t necessarily mean you will feel upper-class. Courtney Mishoe and her husband are making more than $180,000
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Mark Zuckerberg’s wealth status has changed — he’s lost more than $9 billion in stock wealth over the past 48 hours. Zuckerberg, who owns about 400 million shares of Facebook, has seen his wealth drop to around $66 billion from $75 billion since the stock closed on Friday, according to the Bloomberg Billionaire’s Index and
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Six months after Hurricane Maria slammed into Puerto Rico, approximately 121,000 residents remain without power. Progress has been slow and frustrating for those who live in Maria’s path. Throughout the island, the nearly Category 5 hurricane caused widespread destruction, flooding and mudslides that destroyed crops, wiped out telecommunications systems and decimated the island’s antiquated power
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With interest rates rising and volatility up in the markets, however, investors may be shifting away from pure indexing toward more active management of investment risk. “It’s about downside protection,” said Ryan Sullivan, a vice president of global ETF services at Brown Brothers Harriman. Sullivan helps fund companies to design and administer their products. “There
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Most Android phones will have to wait until 2019 to duplicate the 3D sensing feature behind Apple’s Face ID security, three major parts producers have told Reuters, handicapping Samsung and others on a technology that is set to be worth billions in revenue over the next few years. The development of new features for the
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Converting malls into multi-service mini villages may be the key to using unoccupied real estate in the retail market, said Amanda Nicholson, professor of retail practice at Syracuse University. “We don’t need all the mall space we have just for shopping,” Nicholson told CNBC on Monday. Instead, Nicholson suggested integrating residential units, health clubs, grocery
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Oracle stock fell as much as 4 percent on Monday immediately after the company released mixed results for the third quarter of its 2018 fiscal year, which ended on February 28. The stock tumbled lower after executives issued guidance. * Earnings: Excluding certain items, 83 cents per share vs. 72 cents expected by analysts, according
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These breaks are best because they’re accessible to everyone, regardless of whether they itemize. Health savings account: If you’re eligible, make a tax-deductible contribution to your HSA by April 17. HSAs have a triple-tax benefit: Contributions are either tax deductible or pretax, savings grow on a tax-free basis and users can make tax-free withdrawals for
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The “rich habit” of aerobic exercise, for example, is a good “keystone habit.” The Indiana researchers found in their study that those who exercised aerobically, by virtue of the transfer effect, also forged the habit of eating healthier food. This had the effect of improving overall health of the exercisers in their study. The “poor
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Those shares are still worth about $68.5 billion. Despite his losses, Zuckerberg is still the fourth richest person in the world, behind Jeff Bezos, Bill Gates and Warren Buffet, according to Bloomberg. With Monday’s plunge, Facebook shares are down about 2.6 percent year-to-date. The stock pared losses slightly during Monday trading. Cambridge Analytica made headlines
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Some financial experts are not bullish on cryptocurrency as an investment. They wonder: Is it really the next big thing, or will it run its course? In fact, they urge clients not to waste their hard-earned money on bitcoin. And what about blockchain, the technology behind bitcoin? Right now a variety of companies are trying
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Jerome Powell heads for his first interest rate increase as Federal Reserve chairman this week with an unanswered question looming above others: could his optimism about the U.S. economy lead to more hikes than markets have prepared for? Powell’s public comments and Reuters conversations with his Fed colleagues since January, when he was confirmed as
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