Shares of aluminum producer Alcoa jumped almost four percent in after-hours trade after the company reported first quarter earnings that beat expectations. Here’s how the company did compared with what Wall Street expected: EPS: 0.77 vs. 0.70 cents. Revenue: $3.09 billion vs. $3.08 billion. In its earnings release, the Pittsburgh, Pennsylvania-based company is projecting global
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AmEx has spent heavily on rewards to lure customers as it faces more competition from banks like J.P. Morgan Chase and Citigroup. Here are the results: —EPS: $1.86, compared to an estimate of $1.71 from Thomson Reuters —Revenue: $9.72 billion, compared to an estimate of $9.46 billion, according to Thomson Reuters In January, former CEO
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New York Attorney General Eric Schneiderman announced on Tuesday that he is investigating at least 13 cryptocurrency exchanges, including the popular platform Coinbase. “Too often, consumers don’t have the basic facts they need to assess the fairness, integrity, and security of these trading platforms,” Schneiderman said in a statement. Schneiderman said he hopes to make
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Starting this week, some consumers may have a higher credit score. Because of improved standards for utilizing new and existing public records, the three major credit reporting companies are now excluding all tax liens from credit reports. That means some scores will head higher, for some by as much as 30 points. Credit scores, notably
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IBM slumped more than 7.5 percent Wednesday, making for the stock’s worst day since April 2013, as analysts and investors balked at lower-than-expected adjusted margins. The tech company announced better-than-expected earnings and revenue Tuesday. But IBM reported margins that, exempting one-time boosts from workforce restructuring and changes to the U.S. tax code, were mostly flat
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As it’s been said before, “there is no free lunch,” and it is no different for municipal bonds. The rules of asset diversification apply even in the compelling case of tax-free income. Bonds have historically had little correlation to equities except in market crisis situations, so creating a portfolio of both equities and bonds makes
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Daniel Acker | Bloomberg | Getty Images An employee walks near an Abbott Laboratories sign at the company’s headquarters complex in Abbott Park, Illinois. Abbott Laboratories reported better-than-expected quarterly profit and sales, helped by growth across its businesses and device launches. The diversified health-care company reported net earnings of $418 million, or 23 cents per
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A SENIOR OFFICIAL WITH America’s largest nuclear plant operating company is predicting a dim future for nuclear power in the U.S. William Von Hoene, senior vice president and chief strategy officer at Exelon, said last week that he doesn’t foresee any new nuclear plants being built in the United States due to their high operating
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A spokesperson at Intuit’s commercial tax preparer TurboTax said that the IRS’s technical difficulties affects all tax preparers and tax returns. “Taxpayers should go ahead and continue to prepare and file their taxes as normal with TurboTax,” the spokesperson said. “TurboTax has uninterrupted service and is available and accepting e-filed returns,” she said. “We will
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SHENZHEN, China — In a grand hotel ballroom on Tuesday, Huawei executives laid out a soaring vision for the future. The Chinese electronics giant, already the world’s biggest supplier of the equipment that powers the wireless age, now wants to provide the digital backbone for artificial intelligence, the internet of things and other transformative technologies.
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“It’s horrific,” Wofford said “There are disabled veterans who served their country who are financially struggling — and sometimes destitute — who are legally entitled to have their student loans forgiven but it’s not happening.” Indeed, there are likely “tens of thousands” of severely disabled veterans who aren’t aware of their federal student loan forgiveness
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