Month: May 2017

With Amazon’s stock price brushing $1,000, Jeff Bezos is within striking distance of becoming the world’s richest man. As of Friday’s close, Bezos was worth $85.1 billion, according to the Bloomberg Billionaire’s Index. Bill Gates is at $88.8 billion. So assuming that Microsoft’s share price remains constant or falls, Bezos needed another $3.8 billion to
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Let’s start with competence. Many types of professionals call themselves a “wealth advisor.” Attorneys, certified public accountants, insurance salespeople and professionals registered to sell securities (stocks, bonds, options, etc.), to name a few. There is no “wealth advisor” designation. Some professionals who refer to themselves as wealth advisors have obtained qualifications, such as Certified Financial
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Nutanix shares jumped 12 percent in extended trading on Thursday after the developer of cloud storage and networking software reported third-quarter revenue that topped analysts’ estimates. Nutanix, which went public last year, generated sales growth of 67 percent, with new business coming from companies including Caterpillar, Volkswagen and Sprint. Corporations are flocking to Nutanix’s hybrid
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Lowe’s first-quarter earnings and sales fell short of Wall Street estimates, sending shares of the home improvement retailer tumbling in premarket trade. In the wake of a strong first quarter for rival Home Depot, which recently reported better-than-expected same-store sales fueled by strong sales of big-ticket items, expectations for Lowe’s were high. But the results
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Home Depot just showed Wall Street how it can buck the latest negative trends in retail, with both profit and same-store sales handily outpacing Wall Street estimates. The retailer also raised its fiscal 2017 profit outlook. Shares of the stock traded were up 1.5 percent following the report. Here’s what the company reported vs. what
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The three major auction houses are set to auction off more than $1 billion worth of fine art this week, marking a test of whether collectors can shrug off turmoil in Washington and sagging stock markets. Sotheby’s, Christie’s and Phillips have an estimated $1.3 billion worth of works on the block this week. That would
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