“Once the scammer has established trust with the target, they unveil a money problem,” Bernardo said. “They might need money to come visit or they might have a sick relative; it can range.” Other types of Valentine’s Day ruses include phony florists asking for your credit card information or e-cards directing you to suspicious sites,
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U.S. business inventories increased a bit more than expected in December, lifted by solid gains in stocks at manufacturers and wholesalers. The Commerce Department said on Wednesday that business inventories rose 0.4 percent after a similar gain in November. Economists polled by Reuters had forecast inventories, a key component of gross domestic product, rising 0.3
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Uber has just revealed its fourth-quarter financial results, which show that the ride-hailing company’s loss jumped 61 percent in 2017. The company lost $4.5 billion last year, up from $2.8 billion in 2016, according to figures first reported by The Information and confirmed by CNBC on Tuesday. However, in the fourth quarter, which was CEO
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Check out the companies making headlines after the bell Tuesday: Shares of Baidu climbed 5 percent in the extended session. The popular Chinese search engine beat analyst estimates on top and bottom lines. The company has been underperforming due to strong competition from other Chinese internet-based companies like Alibaba. It is now searching for new
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Two defense contractors will benefit the most if President Donald Trump’s budget plan is implemented, according to one top Wall Street firm. J.P. Morgan said Boeing and Lockheed Martin both received higher spending budgets for their key programs under the proposal. “From a high level, the FY19 budget largely conforms to press reports of the
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Nearly 2 in 5 consumers who have had credit card debt said it affected their general happiness, NerdWallet found. One-third said it negatively affected their standard of living, and 1 in 5 said it negatively impacted their health. Still, the average American has about three credit cards and a total balance of $6,375, up nearly
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Shares of Blue Apron spiked Tuesday after the company posted a smaller-than-expected fourth-quarter loss, helped by improvements at its fulfillment center in New Jersey. The stock was up 6 percent. Early in Tuesday’s session, it had risen nearly 27 percent. Blue Apron has been struggling to overcome well-publicized operational issues that have dragged its stock
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Under Armour shares soared more than 17 percent Tuesday morning after the company reported sales that topped analysts’ expectations, fueled largely by growth outside of North America. Under Armour said total revenue in the fourth quarter climbed 5 percent to $1.37 billion. Analysts were expecting $1.31 billion, according to a Thomson Reuters survey. Sales in
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EPS: $1.31 per share, adjusted, vs. $1.30. Revenue: $19.53 billion, vs. $19.39 billion. “We are pleased with our performance for the fourth quarter and full year 2017,” Chairwoman and CEO Indra Nooyi said in a statement. “We met or exceeded most of the financial goals we set out at the beginning of the year. We
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The DFTZ is just one example of Malaysia’s participation in Belt and Road. Prime Minister Najib Razak has agreed to several rail projects and a deep-sea port that could see his country rival Singapore as a transshipment hub. The Muslim-majority nation was the fourth most attractive destination for Chinese overseas direct investment in 2017, according
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