Month: September 2019

Pedestrians cross a street in front of a Rite Aid store in Oakland, California. David Paul Morris | Bloomberg | Getty Images Rite Aid’s stock surged by more than 11% on Thursday after the pharmacy chain reported better-than-expected earnings under new CEO Heyward Donigan. Overall sales, however, fell short of analysts’ forecasts for its fiscal
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People walk past a Nike store in New York. Carlo Allegri | Reuters Check out the companies making headlines after the bell: Shares of Nike hit an all-time high, surging more than 5.5% during extended trade, following strong first-quarter earnings. CEO Mark Parker credited the earnings beat to product innovation and stronger e-commerce business. The footwear
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CNBC’s Jim Cramer on Monday told investors to beware the hyped-up IPOs these days like WeWork and Uber with overly ambitious mission statements that don’t accurately reflect their actual businesses. “How about Peloton? Do we want shares of Peloton? See, here’s what I think happens [with unicorns]. First we think Uber is a platform, then
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Democratic presidential hopefuls in partnership with Univision at Texas Southern University in Houston, Texas on September 12, 2019. Frederic J. Brown | AFP | Getty Images Student loan borrowers have reason to pay close attention to the 2020 presidential campaign. Many of the Democratic presidential candidates have detailed plans to address what increasingly is called
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Senior Sales Staff Mark Warner shows a bump stock installed on an AR-15 rifle at Blue Ridge Arsenal in Chantilly, Virgina. Jim Watson | AFP | Getty Images Colt will suspend production of AR-15 rifles for civilian sales, saying there’s an “adequate supply” of the high-powered weapons already in the market, the famed gun manufacturer
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Check out the companies making headlines before the bell: General Mills – The food producer beat estimates by 2 cents a share, with adjusted quarterly profit of 79 cents per share. Revenue came in short of forecasts, however. General Mills said it saw improvement in North American retail sales and in its pet unit, although
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TransferWise co-founders Taavet Hinrikus and Kristo Kaarmann. TransferWise Financial technology firm TransferWise booked a profit for the third year in a row, a rare show of growth for an industry littered with start-ups that have struggled to break even. The London-based company said on Wednesday that its net profit after tax climbed to £10.3 million
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Apple‘s iPhone extravaganza is still the biggest product event of the year for a simple reason: The iPhone remains the single most successful hardware product of the PC era. So what happened this week? Three new iPhones were announced: The iPhone 11, 11 Pro and 11 Pro Max. A new Apple Watch with a screen
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The testimony of Datuk Amhari Efendi Nazaruddin, the former special officer to Datuk Seri Najib Razak, at his 1Malaysia Development Bhd (1MDB) trial was the most explosive so far, with revelations of secret missions to China to get bailout money in return for billion-dollar rail and pipeline contracts. Low Taek Jho or Jho Low is
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