As better-than-expected earnings results drove the Dow Jones Industrial Average more than 500 points higher on Tuesday, paring last week’s losses, CNBC’s Jim Cramer became cautiously optimistic about the fate of the rally. “When the Fed bears are away, the stock bulls will play,” the “Mad Money” host said. “As long as the Fed doesn’t
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Students and parents tend to focus on a school’s sticker price rather than its net price — what they’ll actually pay after accounting for scholarships and grants, said Mark Kantrowitz, publisher of SavingForCollege.com. The net price is more personal and therefore accurate. Most colleges include a net price calculator on their website, Kantrowitz said, and
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Investors drove shares of Domino’s down by 5.5 percent Tuesday, disappointed in slower-than-expected sales growth during the third quarter. Revenue rose 22.1 percent during the third quarter over the previous year to $786 million, the company said in releasing its earnings before the markets opened. It fell short of the $788.1 million expected in a
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UnitedHealth, the largest U.S. health insurer, on Tuesday reported better-than-expected third-quarter earnings and revenue, driven by higher membership growth for its health insurance plans. UnitedHealth earnings rose 28 percent to $3.41 per share. Total revenue rose 12.4 percent to $56.56 billion. Analysts on average had expected earnings of $3.29 per share on revenue of $56.34
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Walmart on Tuesday cut its earnings outlook, as it previously warned it would do this, citing the impact of its acquisition of Indian e-commerce company Flipkart. The company also said e-commerce growth will be less robust next fiscal year, as it’s still fighting to win more shoppers online. Ahead of its annual investors meeting, Walmart
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If you like MacBooks, you should take a look at the Surface Laptop 2. It’s thin and light, just like you expect from a MacBook, but even beats Apple at some new features. For one, it has a touchscreen display. It’s convenient to be able to reach out and tap an icon or switch an
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While inflation has been rising, wage growth of sub-3 percent is still far from pre-great financial crisis levels north of 4 percent. In a note published last week, Goldman Sachs Chief U.S. Economist Jan Hatzius remarked that despite the unemployment rate standing the lowest level in 48 years (at 3.7 percent), core personal consumption expenditure
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More than four months after San Francisco removed electric scooters from the roads, they’re finally back — but not exactly how we remember them. Two start-ups, Scoot and Skip, dropped their kick scooters in San Francisco on Monday, after winning permits from the city to operate their vehicle fleets. Back when scooters flooded the sidewalks
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Luke Sharrett | Bloomberg | Getty Images Workers assemble semi trailers on the factory floor at the Wabash National Corp. manufacturing facility in Lafayette, Indiana. Finally, Cramer looked into why a top truck manufacturer at the “sweet spot of e-commerce” issued a wildly negative earnings preannouncement on Friday. Between a lack of new workers, rising
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David Paul Morris | Bloomberg | Getty Images People enter the Adobe Systems Inc. office in San Francisco, California. Adobe stock rose nearly 6 percent during after-hours trading after it announced its growth strategy on Monday at its analyst meeting. It estimates that its 2019 revenue to grow 20 percent year over year and its
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Fidelity has a long history of dealing with enterprise security, as well as public and private key cryptography to make sure it isn’t part of that statistic. Its custody solution will involve vaulted “cold storage,” which involves taking the cryptocurrency offline, and multi-level physical and cyber controls, among other security protocols that have been created
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Marijuana stocks rallied Monday after one of the largest Canadian cannabis companies announced that it has agreed to acquire a U.S.-based hemp company. Canopy Growth told investors its purchase of Evergreen, Colorado-based ebbu will “complement and accelerate” its ambitions to expand into new types of consumer products. At closing, Canopy Growth will pay 25 million
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