Finance

Don’t expect a significant boost to stocks if and when the U.S. and China strike a deal on trade, Morgan Stanley CEO James Gorman said Friday. Stopping the trade spat from turning into a true trade war “is clearly a positive. I think the market would rally on the news of that,” Gorman said during
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Check out the companies making headlines midday Friday: Big Lots — Shares of Big Lots jumped 13.6 percent after the company reported better-than-expected fourth-quarter earnings. The retailer’s earnings came in at $2.68 earnings per share, 38 cents higher than a Refinitiv forecast. The company’s same-store sales were up 3.1 percent, nearly triple Refinitiv’s estimate of
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Chevron. Karen Finerman was a buyer of General Motors. Steve Grasso was a buyer of Lennar. Dan Nathan was a buyer of the Long-Term Bond ETF. Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF, AMZA, ACB,
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The unemployment rate fell to 3.8 percent in February, according to the Labor Department. But a broader measurement says the jobless rate plunged to 7.3 percent last month. The 3.8 percent figure is known as the U-3 rate, which is defined as “total unemployed, as a percent of the civilian labor force.” But this number
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Check out the companies making headlines before the bell: Big Lots — The discount retailer reported adjusted quarterly profit of $2.68 per share, above the consensus estimate of $2.30 a share. Revenue also beat forecasts, as did comparable-store sales. Vail Resorts — The resort operator earned $5.02 per share for its latest quarter, 19 cents
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Check out the companies making headlines after the bell: American Eagle Outfitters shares fell more than 4 percent after hours Wednesday based on mixed fourth-quarter earnings and light first-quarter guidance. The retailer posted $1.24 billion in revenue, missing Refinitiv estimates of $1.26 billion. Earnings per share were 43 cents, topping estimates of 42 cents. The
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The Federal Reserve says the U.S. economy was expanding in January and February, but half the country was seeing fallout from the 35-day partial government shutdown. Some manufacturers expressed worries about weakening global demand for their products and adverse effects from President Donald Trump’s trade policies. In its latest report on economic conditions around the
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Square Capital, the lending arm of Square Inc., has taken advantage of a market of small- and medium-sized businesses that lack access to traditional financing, the subsidiary’s head Jackie Reses told CNBC Tuesday. In a sit-down interview with Jim Cramer on “Mad Money,” Reses said the financial technology company has leveraged data to serve businesses
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However, Stratford pointed out that nearly half the respondents from the technology and resources and industrial sectors said they would investment in China if they thought protection of intellectual property were stronger. In the ongoing trade dispute, the U.S. has accused China of stealing intellectual property and forcing American companies to share technology when they
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Check out the companies making headlines after the bell: Etsy shares surged as much as 12 percent after hours Monday based on strong fourth-quarter earnings. Beating on the top and bottom lines, the e-commerce company posted earnings per share of 32 cents on revenues of $200 million. Wall Street forecast earnings per share of 21
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Warren Buffett’s Berkshire Hathaway posted a rare share loss during the fourth quarter of last year, the company reported on Saturday, with the conglomerate’s bottom line taking a hit from its holdings in beleaguered consumer giant Kraft Heinz. Berkshire posted a share loss of more than $15,000 in its Class A shares, and wrote down
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Check out the companies making headlines midday Friday: Kraft Heinz — Shares of Kraft Heinz plummeted 27.46 percent after the company announced a $15.4 billion write down of its Kraft and Oscar Mayer brands. The company also disclosed a Securities and Exchange Commission subpoena as part of a probe into its accounting policies and cut
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Kinder Morgan. Chris Verrone was a buyer of Oracle. Dan Nathan was a seller of Nike. Guy Adami was a buyer of Boston Scientific. Trader disclosure: Pete Najarian is long calls ARRY, BSX, CVE, EBAY, EEM, EWZ,
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