Traders work the floor at the NYSE in New York. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of Adobe jumped nearly 3% during extended trading after the technology company reported $1.83 in adjusted earnings per share on $2.74 billion in revenue for the second quarter. Those figures topped
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Shantanu Narayen, CEO, Adobe Mark Neuling | CNBC Adobe shares rose more than 4% after hours on Tuesday after the company announced better-than-expected earnings for the second quarter of its 2019 fiscal year, which ended on May 31, and lighter-than-expected guidance. Here are the key numbers: Earnings: $1.83 per share, excluding certain items, vs. $1.78
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Kai Pfaffenbach | Reuters Check out the companies making headlines midday Tuesday: Micron Technology, Nvidia — Chipmakers surged after President Donald Trump tweeted he and Chinese President Xi Jinping would have an “extended meeting ” at the G-20 summit next week. The tweet boosted hopes that the U.S. and China will reach a trade deal
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Thomas M. Barwick | Getty Images Financial advisors have another “best interest” rule around the corner: This regulation applies to life insurance and annuity recommendations. New York is rolling out a regulation that will require financial advisors to place their clients’ interests above their own when they’re making recommendations around proposed or in-force insurance contracts.
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U.S. stock index futures were mixed Tuesday morning, as market participants braced for the first day of the Federal Reserve‘s interest rate meeting. At around 02:00 a.m. ET, Dow futures dipped 25 points, indicating a negative open of more than 15 points. Futures on the S&P and Nasdaq were seen pointing in opposite directions. Market focus is largely attuned
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CNBC’s Jim Cramer does not expect the Federal Reserve to cut interest rates at its coming Wednesday meeting. “I’m expecting a statement from [Chairman] Jay Powell where he explains that he’s watching the situation closely [and] he’s prepared to cut rates next month if things deteriorate,” the “Mad Money” host said. “I regard that as
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Andy Warhol’s artwork, ‘Silver Car Crash (Double Disaster)’ is displayed while being auctioned at Sotheby’s on November 13, 2013 in New York City. Andrew Burton | Getty Images Check out the companies making headlines midday Monday: Sotheby’s — Sotheby’s shares jumped 57.2% on news that European art collector Patrick Drahi planned to acquire the art
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The United States as a nation should provide monetary help to groups who have been “disproportionately discriminated against historically,” says former Facebook executive Chris Hughes, who has been working to reduce income inequality. The Facebook co-founder, a supporter of providing people in need with a basic income supplement, told CNBC’s “Squawk Box” he met Aisha Nyandoro, CEO of
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It’s about time to write off high-growth tech stocks, Goldman Sachs warned, saying the double whammy of sky-high valuation and elevated regulation is becoming a “hazard” to the group. Technology stocks have been investors’ darlings for years as the appetite for superior growth shows no signs of slowing. Software names especially are big hits this
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