Under Armour said Thursday its restructuring program will now cost more than it previously expected, as it plans to cut about 400 jobs, or about 3 percent of its global workforce, by March. The athletic apparel company known for its compression tees and performance clothing has been struggling as competition heated up, and rivals like
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Red Hat stock fell as much as 7 percent and then rebounded on Wednesday after the company reported lower revenue than expected for the second quarter of its 2019 fiscal year, which ended on Aug. 31. Executives will discuss the results with analysts on a conference call at 5 p.m. Eastern time. Here are the
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Starting Wednesday, all policies underwritten by John Hancock will include Vitality, a behavior-change platform aimed at incentivizing people to live healthier, longer lives. John Hancock, which has been around for 156 years and is owned by Canada’s Manulife Financial, already had some experience with the platform as part of its overall insurance offerings and saw
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But Wall Street traders warn Tilray’s valuation is getting too extreme after its stock move. The company has a market value of about $20 billion and trades at nearly 500 times its 2018 estimated sales versus the S&P 500’s 2.2 times sales, according to FactSet. Tilray reported just $17.6 million in sales over the last
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You shouldn’t use your house to help pay your monthly bills, but nearly 1 in 6 American homeowners thinks that’s just fine. Those were the findings from a recent survey by Bankrate.com. Earlier this month, the personal finance website took an online poll of 719 homeowners, asking them about using their home equity — the
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Wealthier people have access to resources that can help manage credit issues, such financial planners, said Bob Annibale, global director of Citi Community Development and Inclusive Finance. Poor credit leaves people behind: “It’s not part of an inclusive, growing society,” Annibale said. “People need a financial identity.” “If you don’t have a credit card you’re
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Check out the companies making headlines before the bell: Tesla — The electric car maker said the Justice Department last month requested documents regarding CEO Elon Musk’s tweets in early August about taking the company private. The New York Times also reported the Securities and Exchange Commission has sent subpoenas to Goldman Sachs and Silver
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The new tax code makes a big change to the individual retirement account landscape, according to financial advisor Winnie Sun. People are no longer allowed to go back and recharacterize their individual retirement accounts — if, for example, they realize they paid more taxes than they needed to, she said. “This is critical, because if
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With investors seemingly undecided about how badly trade tensions with China will hit U.S. markets, CNBC’s Jim Cramer wanted to define the issue a bit more for Wall Street. “‘Who has more to lose?’ People keep asking this question about the trade war with China as though we don’t really already know the answer. But
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Oliver Contreras | Getty Images News | Getty Images President Donald Trump gestures during the Hispanic Heritage Month Celebration in the East Room of the White House on September 17, 2018 in Washington, DC. President Trump hosted the event to celebrate the heritage month with Hispanic leaders.  If those “fantastic fundamentals” slow down, which Paulsen
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Decades ago the problem for individual investors was getting enough information without buying costly subscription services. Thanks to the internet, investors now have access to free, real-time data at the click of a button. The challenge lies in selecting the right information for assessing a specific stock and evaluating it correctly. The process of selecting
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