BlackRock, the world’s largest asset manager, reported a better-than-expected first-quarter profit and garnered tens of billions of new investor cash as global financial markets rebounded from a volatile fourth quarter. Net income attributable to BlackRock fell to $1.05 billion, or $6.61 per share, in the three months ended March 31, from $1.09 billion, or $6.68
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Johnson & Johnson‘s mounting legal costs ate into its first-quarter profits, which dropped 14% as it fights thousands of lawsuits over its talc baby powder and shelled out almost $400 million to settle 25,000 cases over its blockbuster blood thinner Xarelto. Still, the health company on Tuesday reported better-than-expected earnings, and its shares closed up
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CNBC’s Jim Cramer on Monday suggested that President Donald Trump stop targeting Federal Reserve Chairman Jerome Powell and let the chief carry out his current monetary policy plan. In a Sunday tweet on, Trump doubled down, again, on his criticism of Powell in the wake of the Federal Open Market Committee’s move to raise the
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Check out the companies making headlines after the bell: Shares of J.B. Hunt sank more than 4% in extended trading Monday following the release of the transportation company’s first-quarter results. J.B. Hunt reported earnings per share of $1.09 on revenue of $2.09 billion. Wall Street was looking for earnings per share of $1.26 on revenue
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The ties between Apple and Disney are well documented. Disney CEO Bob Iger sits on the Apple board. Apple co-founder Steve Jobs also co-founded Pixar Animation Studios, which he sold to Disney in 2006. Jobs became Disney’s largest individual shareholder after the transaction with approximately 7 percent of the company’s outstanding shares, and served on
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Once you’ve filed your return, talk to your tax professional about the drivers behind that surprise tax bill. The Tax Cuts and Jobs Act, the overhaul of the tax code that went into effect last year, raised the standard deduction to $12,000 for singles ($24,000 for married-filing-jointly), suspended personal exemptions and limited itemized deductions. The
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Goldman Sachs posted first quarter profit that exceeded analysts’ expectations, while company-wide revenue missed on tougher market conditions for two of the firm’s main divisions. The bank generated $2.25 billion of profit in the period, or $5.71 a share, compared with the $4.89 estimate. Meanwhile, revenue dropped 13% to $8.81 billion on lower results in
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French ad holding company Publicis said Sunday it would pay about $4.4 billion for marketing services company Epsilon to give it a leg up in digital marketing and to help clients better personalize their advertising. The deal with Alliance Data Systems Corporation will entail Publicis acquiring its Epsilon business for a net purchase price of
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Lacking legislation, the job of monitoring and controlling banking activity would be handled by the many bank regulatory bodies set up for this purpose. However, there has been a profound change here, also. The people who direct and operate the following alphabet agencies are all new. This includes the Financial Stability Oversight Council (FSOC), the
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Crude can’t crank higher unless it stays above the key $60 level, says expert technician Louise Yamada. Tightening global supplies have proved bullish for the commodity this year, with U.S. West Texas Intermediate crude prices currently hovering near five-month highs. But the upward action has also been quite volatile, as economic and geopolitical factors have
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