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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President Donald Trump has approved tariffs on imported solar cells and certain washing machines, U.S. Trade Representative Robert Lighthizer announced Monday. The protective tariffs on both kinds of imports would initially kick in at a higher rate in the first year, then decrease in subsequent years. For the first year, a 30 percent tariff would
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Source: Gooding & Co. A 1965 Ferrari 275 GTB Speciale Coupe, auctioned by Gooding & Company, sold for more than $8 million. What’s more, a provision in the new tax law that prevents “value-in-kind exchanges” for cars has crimped sales at the top. Previously, collectors were allowed to sell one car and buy another of
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“The government shutdown will have an impact on real estate transactions should it continue for an extended period of time,” said Elizabeth Mendenhall, president of the National Association of Realtors, in a statement to CNBC. The shutdown, which began Saturday after congressional leaders failed to reach a spending agreement to keep the government funded, means
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I hear it from my friends, family and clients all the time. For many of us, our financial worlds came crashing down at the very start of our adult lives. My generation was faced with the brutal realization that our expensive educations wouldn’t be the financial cure-all we were believed they would be. In reality,
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U.S. oilfield services company Halliburton reported a bigger-than-expected fourth-quarter profit after charges and gave an upbeat outlook for 2018, as higher oil prices continue to push U.S. production near record levels. Halliburton delivered an optimistic view for its U.S. and international operations as rising oil prices spur demand for oilfield services. Its results, like those
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Even with a government shutdown, CNBC’s Jim Cramer expects good things for the next leg of earnings season. “Earnings season is upon us and it is always a guessing game, but this time around the rules have changed,” the “Mad Money” host said. “Rather than worrying about whether companies will beat or miss their forecasts,
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