Business Newser

The number of women-owned businesses is on the rise. Four in 10 businesses in the U.S. are now majority-owned, operated and controlled by women, according to the latest State of Women-owned Businesses report from American Express. That’s a total of 12.3 million companies — or 58 percent more than the number that existed just over
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A monster rally for the stock market is coming, Wells Fargo’s head of equity strategy, Chris Harvey, told CNBC on Thursday. He says the recent sell-off has unlocked value and created a “great opportunity.” “People act as if this was a spectator sport, not a contact sport. We want people to pick up that value,”
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On a day when Google employees across the globe walked out of offices to protest the company’s workplace culture around sexual harassment, CEO Sundar Pichai responded to criticism on stage at the New York Times DealBook conference. “There’s anger and frustration within the company,” Pichai said on stage Thursday. “We all feel it. I feel
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Apple reported earnings for its fiscal fourth quarter Thursday that beat Wall Street estimates on both the top and bottom lines. It also locked in a strategy of boosting prices to offset slowing sales — posting an eye-popping average selling price for the iPhone during the key September quarter. But shares of Apple fell more
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Try to split your retirement savings efforts among three different buckets, said Kevin Meehan, a CFP and regional president of Wealth Enhancement Group in Itasca, Illinois. Those are: • Tax-deferred: Accounts such as a 401(k) or traditional IRA, where you make pretax contributions and are taxed on withdrawals in retirement. • Tax-free: Think Roth 401(k)s
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Shares of the The New York Times jumped in premarket trading Thursday after the company reported third quarter earnings that beat on both the top and bottom lines. The company also reported more than 3 million digital-only subscriptions and 4 million total subscriptions as of the end of the third quarter. Here’s how the company
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Dharmash Mistry, chairman and co-founder of venture capital firm Lakestar, said if the U.K. did not reinforce a positive environment it would lose overseas investors to other European markets, adding that Brexit was “undoubtedly” spooking investors. “If there is uncertainty many investors wait to see how the future will unfold before deploying too much capital,”
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Credit Suisse reported lower-than-expected net income results for the third quarter of the year, after a challenging summer and increased volatility in emerging markets. Net income stood at 424 million Swiss francs, a 74 percent increase from a year ago. However, the numbers missed analysts’ forecast of 449 million Swiss francs, according to data from
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Chinese factory activity expanded sightly in October despite an ongoing trade dispute with the U.S., a survey of small and medium-sized enterprises in China showed. On Thursday, Caixin and IHS Markit reported October Purchasing Managers’ index (PMI) was 50.1 for October, beating analysts’ expectations. Analysts polled by Reuters had expected the reading to have dipped
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