Month: March 2019

For investors worried about rising costs biting into corporate margins, J.P. Morgan said don’t worry. Margins are looking stretched with headline EPS margins moving up consecutively over the last few years, making investors believe they can only go lower from here. Adding to the concerns is the late stage of the economic cycle and the
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Yale University has rescinded the admission of a student linked to the national college admissions scandal that implicated 50 people, including celebrities, coaches and administrators, in paying and accepting bribes to get students into elite colleges. Thomas Conroy, Yale University spokesman, told CNBC the university “has rescinded the admission of one student as a result
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Apple‘s stock dropped during the trading session because its batch of new products failed to impress the folks on Wall Street, CNBC’s Jim Cramer said Monday. “As I predicted, when the world’s largest company announced a whole slate of new products and services today, the stock got hammered and that weakness reverberated throughout the market,”
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Wall Street traders and investors were preparing for a big rally after special counsel Robert Mueller‘s long-awaited investigation did not find enough evidence that President Donald Trump ‘s 2016 campaign colluded with Russia, according to Attorney General William Barr. Stock index futures open for trading at 6 p.m. ET. In a letter to top lawmakers,
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A top executive at FedEx is flagging serious concerns in the global economy. The multinational package delivery service reported declining international revenue as a result of unfavorable exchange rates and the negative effects of trade battles. “Slowing international macroeconomic conditions and weaker global trade growth trends continue, as seen in the year-over-year decline in our
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Levi Strauss & Co., the 166-year-old bluejeans maker, went public on Thursday and closed its debut week with an $8.6 billion market cap. It’s the first time the company has traded publicly since 1985, when a San Francisco-based financier named Warren Hellman helped lead a $1.6 billion buyout. Hellman wasn’t particularly well-known at the time,
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When it’s several decades away, you might categorize saving for retirement as a back-burner concern. And when you’re younger, contributing to an individual retirement account might seem like an impossible stretch. Yet people who made the leap generally say they’re sorry they didn’t start earlier. Millennials seem particularly drawn to Roth IRAs, which are showing
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Prudential, the United Kingdom’s largest insurer, said it finished transferring some operations to Luxembourg about a week ago in preparation of Britain’s impending exit from the European Union. The insurer announced earlier this month that it was transferring 36 billion pounds ($47.58 billion) of assets to Luxembourg, which is to become the company’s hub for
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Semiconductor stocks in South Korea soared on Thursday following the earnings release of U.S. chipmaker Micron Technology overnight, which bested expectations. Industry heavyweight Samsung Electronics and chipmaker SK Hynix saw their stock surge 4.09 percent and 7.66 percent, respectively. Beating on the top and bottom line, Micron reported earnings per share of $1.71 on revenue
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New England Patriots owner Robert Kraft apologized to his family, friends and fans and vowed to regain their confidence and respect in his first public statement since being charged with two counts of soliciting prostitution as part of a human-trafficking probe in South Florida. His statement, below, comes after prosecutors offered Kraft a deal on
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