Month: January 2018

Qualcomm beat street estimates across the board for its first quarter earnings on Wednesday. But its stock remained nearly unchanged in after hours as investors are still on wait-and-see mode over external issues affecting the company. Here are the most important numbers: Revenue: $6.04 billion vs. $5.93 billion, as expected, according to Thomson Reuters EPS
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In Janet Yellen‘s final meeting as Fed chair, the central bank decided Wednesday against increasing its benchmark interest rate but indicated it expects inflation pressures to heat up as the year moves on. The policymaking Federal Open Market Committee said current conditions indicate that the overnight funds rate should remain anchored at 1.25 to 1.5
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“Those same savings accounts are not covering the full cost of college for most students and their families,” said Robert Franek, The Princeton Review’s editor-in-chief. Families with students in four-year private colleges spent almost $47,000 in 2017-18, up 3.5 percent from the year earlier. At in-state, four-year public colleges, it was more than $20,000, according
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Starbucks. Karen Finerman was a buyer of General Motors. David Seaburg was a buyer of McDonald’s. Steve Grasso was a buyer of Rite Aid. Trader disclosure: On January 29, 2018, the following stocks and commodities mentioned or
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First, they are concerned they will run out of money. Second, they are suddenly transformed into spenders of assets, while no longer bringing in additional earnings from a paycheck. Both of these factors can certainly require some adjustment. To help you get there, here are four tips that can help you wisely manage your savings
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Payroll and tax services provider Automatic Data Processing raised its full-year profit and revenue forecasts as the company expects to benefit from the U.S. corporate tax reform. The company said it expects revenue growth of 7 percent to 8 percent in fiscal 2018, compared with its earlier forecast of 6 percent to 8 percent. U.S.
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South Korea has uncovered cryptocurrency crimes worth 637.5 billion won ($594.35 million), which includes illegal foreign exchange trading, a statement released by the country’s customs service said on Wednesday. The statement said domestic investors bought 1.7 billion won worth of cryptocurrencies, which they sent to overseas partner companies through virtual wallets. The transfers were then
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A slew of negative reports hit the cryptocurrency world Tuesday. Facebook announced a ban on advertisements for “binary options, initial coin offerings and cryptocurrency.” The blanket decision is part of the social media giant’s efforts to prohibit ads for financial products and services “that are frequently associated with misleading or deceptive promotional practices.” The news
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Kohl’s could be the biggest winner in retail as regional department store chain Bon-Ton restructures its store fleet, according to Jefferies. “Bon-Ton’s closures could be a cherry on top” for Kohl’s, analyst Randal Konik said in a note to clients. Bon-Ton on Monday updated analysts and investors on its ongoing negotiations with lenders, having recently
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Brokers will soon have a couple new weapons to battle financial fraud targeting older Americans. First, a rule from securities regulators goes into effect on Feb. 5 that allows brokers to put a temporary hold on a requested account withdrawal if financial exploitation is suspected. “A lot of times advisors haven’t had the ability to
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The drop in health insurance stocks after the landmark partnership announcement by Amazon, Berkshire Hathaway and J.P. Morgan Chase is a buying opportunity, according to one Wall Street firm. The three companies announced a partnershipon Tuesday to devise ways to cut health-care costs and improve services for their 1.1 million employees. The firms will launch
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Cemex. Steve Grasso was a buyer of Twitter. Brian Kelly was a buyer of Taiwan Semiconductor Manufacturing Co. Dan Nathan was a seller of AT&T. Trader disclosure: On January 29, 2018, the following stocks and commodities mentioned
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