Finance

Despite stock markets getting crushed Wednesday, strategists say not only are sell-offs like this normal, they create opportunities for savvy investors. “Warren Buffett’s not panicking,” Michael Farr, president and CEO of Washington, DC-based wealth management firm Farr, Miller & Washington told CNBC. “It’s a bucket of cold water but take a deep breath and know
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Wall Street veteran Jim Paulsen doesn’t think the market is necessarily done heading lower. For one, he thinks valuations are high. Plus, there hasn’t been any real fear in the recent sell-offs. “It’s always been really controlled and kind of calm throughout,” the chief investment strategist at The Leuthold Group said Tuesday on “Closing Bell.”
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Check out the companies making headlines after the bell: Texas Instruments shares fell more than 5 percent during after-hours trading Tuesday as the company missed analysts’ estimates on revenue in its third quarter and announced weak fourth quarter guidance. The technology company reported $4.26 billion in revenue, missing analysts’ estimates of $4.3 billion. However, the
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Two of the largest cryptocurrency companies, Coinbase and Circle, are joining forces to establish more ground rules in the quickly evolving asset class. The start-ups announced a joint-venture known as the “CENTRE Consortium” on Tuesday, which they say aims at speeding up adoption of cryptocurrencies backed by actual government currencies like the U.S. dollar. “Coinbase
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Brendan McDermid | Reuters A logo and ticker info for Cadence Bancorp, LLC is displayed on a screen during the company’s IPO, on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 13, 2017. Check out the companies making headlines after the bell: Cadence Design Systems shares soared more than
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“Starting in the second half of 2016, Amazon started to report a meaningful increase in capital expenditures primarily for robotics in its U.S., Europe, and Japan-based fulfillment centers,” Ju wrote. “This should over time allow Amazon to demonstrate greater leverage and offset the aforementioned minimum wage hikes.” Despite the rising costs in the near-term, Ju
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PayPal shares soared 9 percent on Friday after the company beat expectations on earnings and revenue and announced positive news about its peer-to-peer app Venmo. The payment company’s stock hit a high above $86. Shares are up more than 26 percent year over year. On Thursday, PayPal reported third-quarter earnings that beat Wall Street’s expectations,
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The “Fast Money” traders shared their first moves for the market open. Dan Nathan was a seller of the Financials ETF Brian Kelly was a buyer of SPDR Gold Shares Karen Finerman was a buyer of Golar LNG Guy Adami was a buyer of Viacom Trader disclosure: On October 18, 2018 the following stocks and
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Check out the companies making headlines before the bell: Procter & Gamble – The consumer products giant reported adjusted quarterly profit of $1.12 per share, exceeding estimates by 3 cents a share. Revenue also came in above Street forecasts and the company posted organic sales growth of 4 percent for its fiscal first quarter. Honeywell
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Wall Street has a new biggest Apple bull. Longtime technology analyst Daniel Ives, fresh off a move to Wedbush Securities from GBH Insights, initiated coverage of Apple with an outperform rating and a 12-month price target of $310. His forecast — higher than that of any other analyst on the Street — implies more than
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Investors finally got what they were waiting for in PayPal‘s quarterly earnings: Good news about Venmo. The peer-to-peer payments app, which PayPal acquired along with Braintree in 2012, has struggled to make money for its parent company. Wall Street analysts highlighted the app’s performance as a key metric to watch in Thursday’s earnings report. Venmo
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Check out the companies making headlines after the bell: PayPal stock jumped more than 7% percent after the market-close on Thursday following the release of its third-quarter earnings report. The payment company beat on both its top and bottom lines, reporting earnings of 58 cents per share on revenue of $3.68 billion, vs. analyst estimates
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The strongest job markets for college graduates in midsize cities include California-Lexington Park in Maryland and Hanford-Corcoran, California. In large cities, recent graduates will likely find themselves in demand in Merced and Bakersfield, California. On the other hand, a college degree is unlikely to get you in the door in midsize cities like Ithaca, New
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Check out the companies making headlines after the bell: Helios and Matheson Analytics, MoviePass’ parent company, stock fell as much as 4 percent during after-hours trading on Wednesday. New York Attorney General Barbara Underwood has opened an investigation into the company for possibly misleading investors about its financials, a source told CNBC. Constellation Brands stock
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Today, almost 26 million of the lender’s customers use its mobile banking app, an adoption rate that appears to be accelerating. That shift has allowed the company to close underperforming branches and shift personnel to client-facing positions. Artificial intelligence and robotic process automation has helped the firm’s Wall Street divisions cut 84,000 work-hours a year,
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While inflation has been rising, wage growth of sub-3 percent is still far from pre-great financial crisis levels north of 4 percent. In a note published last week, Goldman Sachs Chief U.S. Economist Jan Hatzius remarked that despite the unemployment rate standing the lowest level in 48 years (at 3.7 percent), core personal consumption expenditure
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David Paul Morris | Bloomberg | Getty Images People enter the Adobe Systems Inc. office in San Francisco, California. Adobe stock rose nearly 6 percent during after-hours trading after it announced its growth strategy on Monday at its analyst meeting. It estimates that its 2019 revenue to grow 20 percent year over year and its
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