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On a very bullish day for the broader stock market, the declines in the retail sector were speaking volumes to CNBC’s Jim Cramer. With the trade dispute between the United States and China heating up, the “Mad Money” host figured the weakness stemmed from “a belief that the retailers will have to eat the tariffs,
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Snap Inc.: “In the $20s, $30s, it was bad. Then they missed the quarter really badly, about as bad as I’ve ever seen a miss, so I can’t get behind it. I’m sorry. That was just a really bad miss. Sometimes you listen to the companies and they really screw up and that one really
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Check out the companies making headlines after the bell: Micron Technology shares rose more than 4 percent in after-hours trading following the release of its fourth-quarter earnings report, before paring its gains and falling 3 percent from the closing price. The semiconductor company reported earnings per share of $3.53, higher than analysts’ estimates of $3.34
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NBA superstar and new Los Angeles Laker LeBron James isn’t bothered that President Donald Trump recently insulted his intelligence, but he is wondering why the commander-in-chief bothered to do it in the first place. “That’s like somebody saying I can’t play ball,” James said in a new interview with The Hollywood Reporter. “That doesn’t bother
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External debt are the funds a nation, and its businesses and citizens, owe to lenders outside the home country. Using sources like the World Bank, the IMF and Wikipedia, one is able to develop a rough estimate of the external debt of 205 countries. If the estimates are correct, these countries owe $76.9 trillion in
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Depending on where they lived, consumers had to shell out anywhere from $3 to $10 per freeze and then another fee to lift the freeze. “Paying a fee for freezes added insult to injury because the person doing it probably had been victimized,” said John Heath, directing attorney at Lexington Law in Salt Lake City.
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Bebeto Matthews | AP Brendan Kennedy, CEO and founder of British Columbia-based Tilray Inc., a major Canadian marijuana grower, poses outside the Nasdaq on Thursday, July 19, 2018, in New York. Check out the companies making headlines after the bell: Tilray stock fell as much as 16 percent in after-hours trading, following a volatile trading
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“We don’t have a strong view on the quarter based on checks, but qualitative comments in recent conversations with channels and customers reinforce our concerns regarding headwinds to RHEL [Red Hat Enterprise Linux], middleware and OpenShift,” Raymond James analysts led by Michael Turits said in a note distributed to clients on Monday. In the quarter
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Athletic apparel and footwear brand Nike reignited a heated debate at the start of the National Football League regular season after the company featured free-agent Colin Kaepernick in its 30th anniversary “Just Do It” advertising campaign. The former San Francisco 49ers quarterback started national anthem demonstrations in 2016 to protest racial injustice and police brutality.
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of General Motors Brian Kelly was a buyer of the Oil & Gas ETF Steve Grasso was a buyer of Cronos Guy Adami was a buyer of Twitter Trader disclosure: On September 18, 2018 the following stocks and
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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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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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