Investing

Patrick T. Fallon | Bloomberg | Getty Images Products are prepared for shipment at the Herbalife Los Angeles distribution center in Carson, California. Carl Icahn’s Icahn Enterprises is finally taking some profits on its Herbalife winnings. On Friday the investor said he is lowering his stake in a securities filing. “Yesterday IEP tendered its Herbalife
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Check out the companies making headlines before the bell: Foot Locker – The athletic apparel and footwear retailer reported adjusted quarterly profit of $1.45 per share, 20 cents a share above estimates. Revenue also beat forecasts, but comparable-store sales fell by 2.8 percent — that was smaller than the Thomson Reuters consensus estimate of a
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“We believe PayPal is well-positioned to benefit from eCommerce growth and the digitization of payments and is broadening its leadership position through its global scale and controlling the end-to-end experience. PayPal is still in the early stages of its transformation from a button/online checkout company to a global payments platform with a sizable addressable market
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Shares in Samsonite plunged for a second straight day on Friday, bringing its losses to a fifth of market value, after a short seller accused it of questionable accounting practices and poor corporate governance. Blue Orca Capital on Thursday questioned accounting at the world’s biggest luggage maker, including those used in its 2016 acquisition of
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Yellow gold jewelry sales have risen about 30 percent this year. For the last 15 years, white gold, silver, and platinum have been the metals of choice for jewelry and couples tying the knot, jewelers said. Over the last few years, rose gold has become a favorite, while yellow gold was considered outdated. Borochov said
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President Donald Trump’s decision Thursday to cancel the Singapore summit with North Korea‘s leader sent the price of gold higher as global investors sought safety. Bridgewater Associates founder Ray Dalio shared a specific game plan last year during a time period of rising tensions between the U.S. and North Korea. The investor recommended gold as
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CNBC’s Jim Cramer said Wednesday that he wouldn’t count out Comcast Chairman and CEO Brian Roberts on a successful bid for Twenty-First Century Fox assets just yet. “What Brian Roberts wants he tends to get,” Cramer, whose charitable trust owns shares of Comcast, said on “Squawk Box.” He added that he hopes a Fox deal
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Getty Images People walk by the newly opened Nordstrom menÕs store, the companyÕs first-ever Manhattan location in midtown at 57th and Broadway on April 12, 2018 in New York City. Nordstrom’s recent earnings sell-off presents a compelling buying opportunity, according to Deutsche Bank, which upgraded the stock to a buy rating and called the drop
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Traditional IRAs are a more common investment choice than Roth IRAs. According to research by the Investment Company Institute, as of 2016 nearly 26% of U.S. households owned a tradition IRA, versus just 17% who owned a Roth IRA. It seems that for many, the lure of the upfront tax break from a traditional IRA
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The elevation of Stacey Cunningham to president of the NYSE Group represents a full circle for one of the few women who have worked on the exchange floor. Cunningham is well-known to traders. She started her career on the floor in 1994 as an intern with specialist firm Murphey, Marseilles, Smith & Nammack, but started
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Edgar Su | Reuters A woman pays for her coffee with cryptocurrency at Ducatus cafe, the first cashless cafe that accepts cryptocurrencies such as Bitcoin, in Singapore December 21, 2017. Just over a month ago, the ARK Innovation ETF (ARKK) took home ETF.com’s “ETF Of The Year” award for delivering on its purpose of serving
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Check out the companies making headlines before the bell: Deere – The construction equipment maker missed estimates by 17 cents with adjusted quarterly profit of $3.14 per share, with revenue also falling short of forecasts. However, Deere did raise its full year profit forecast. Campbell Soup – CEO Denise Morrison has announced her retirement, effective
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