Check out the companies making headlines after the bell: Avis Budget shares soared nearly 11 percent after hours Wednesday following the release of the rental car company’s fourth-quarter earnings beat. Earnings per share were 53 cents, beating estimates of 37 cents. Revenue was posted as $2.05 billion, compared to the $2.04 forecast by analysts surveyed
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Cannabis beauty has become so trendy that Wall Street analysts have started treating it as a standalone category. As beauty products laced with CBD, a non-psychoactive compound found in hemp and marijuana, continue to find their way onto the shelves of retailers including Sephora, Barneys and Neiman Marcus, analysts at Piper Jaffray are seeing further
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U.S. government debt prices were higher on Wednesday as investors watched out for developments in the latest round of U.S.-China trade talks. The yield on the benchmark 10-year Treasury note sank to around 2.634 percent, while the yield on the 30-year Treasury bond slipped to 2.978 percent. Bond yields move inversely to prices. Fixed income
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Aly Song | Reuters Tesla CEO Elon Musk and Shanghai’s Mayor Ying Yong attend the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. Despite tweeting about bitcoin, Elon Musk says his electric car company is steering clear of cryptocurrencies. The world’s first and largest digital currency is “interesting,” and could be a
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But in not including stores under development, Amazon is removing some level of transparency into how quickly it’s building up new space for physical stores. Whole Foods announced at least 25 new location openings last year, while the number of Go stores increased to 10 across Seattle, Chicago and San Francisco. Amazon also launched three
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Job openings suggest that Microsoft wants to double down on its internal use of GitHub, a platform that lets software developers store and track updates to software, less than a year after acquiring the start-up for $7.5 billion. The effort highlights a refined acquisition strategy at Microsoft — don’t ruin companies by integrating them too
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You should hold onto marriage certificates, separation or divorce papers, birth certificates, current passports, medical records, insurance policies (for as long as they’re active), wills, Social Security cards, diplomas and transcripts, adoption and custody papers. The same goes for your car title, registration and repair records, mortgage deeds, real estate bills of sale, receipts for
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The U.S. auto industry urged President Donald Trump’s administration on Monday not to saddle imported cars and auto parts with steep tariffs, after the U.S. Commerce Department sent a confidential report to the White House late on Sunday with its recommendations for how to proceed. Some trade organizations also blasted the Commerce Department for keeping
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Walmart on Tuesday reported earnings and revenue for this past holiday quarter that topped analysts’ expectations, as its e-commerce sales surged 43 percent. The company also said it’s maintaining its sales outlook for the current year. CEO Doug McMillon said “a favorable economic environment” has been helping Walmart grow sales and gain market share. Walmart
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Two years ago, Facebook CEO Mark Zuckerberg announced a renewed focus on communities and its Groups feature, boasting that it would help create a more “meaningful” social infrastructure. It worked. Last month, Zuckerberg told investors that “hundreds of millions” of users reported belonging in “meaningful groups,” up from one million in 2017, when the company
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