Month: February 2018

Earlier Wednesday, Dick’s Sporting Goods also said it will no longer sell guns to anyone under 21 and that it will no longer carry high-capacity magazines. These announcements come after a gunman wielding an AR-15 semi-automatic rifle killed 17 students at a Florida high school earlier this month. On Wednesday, President Donald Trump met with
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Ameriprise Financial Services steered retirement savers into higher cost mutual funds than they needed, allowing it to benefit from higher sales fees while dinging investment returns, the Securities and Exchange Commission said Wednesday. The Minneapolis-based brokerage and investment advisor agreed to settle the agency’s charges that it recommended the higher fee products and didn’t waive
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Salesforce stock rose 2 percent shortly after the company reported better-than-expected earnings for the fourth quarter of its 2018 fiscal year, which ended on Jan. 31, after the bell on Wednesday. Here’s how the company did: Earnings: Excluding certain items, 35 cents in earnings per share vs. 33 cents as expected by analysts, according to
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Off-price apparel retailer TJX on Wednesday beat analysts’ estimates forholiday-quarter same-store sales as discounts drew more shoppers to its Marmaxx and TJX Canada stores, sending its shares to a record high. The company’s shares rose as much as 8.6 percent to $83.95 in early trading. TJX, which has succeeded in bucking the larger slowdown in
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Intel. Steve Grasso was a buyer of Alibaba. Brian Kelly was a buyer of the ProShares Ultrashort Lehman 20+ Year ETF. Tim Seymour was a buyer of Cisco. Trader disclosure: On February 27, 2018, the following stocks
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Comcast shares are less attractive after its big offer to buy a European pay-TV provider, according to one Wall Street firm. Macquarie Research lowered its rating to neutral from outperform for Comcast shares, citing concerns over the media company’s acquisition strategy. Comcast shares declined 7 percent Tuesday after the company announced a cash offer to
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However, for many people with hefty state and local tax bills, the new federal tax law gives municipal bonds some appeal. The new law caps the state and local tax deduction that can be claimed on federal returns at $10,000. For many households, that cap will outweigh any potential benefits from other changes in the
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Sherwin-Williams is deepening a decades-old relationship with Lowe’s, making it the only nationwide home center to offer Sherwin’s popular brands including Minwax, Cabot and Thompson’s Water Seal. Sherwin-Williams will continue to operate its own stores. On the day the deal was announced, Lowe’s also reported quarterly earnings that fell short as profit margins were squeezed.
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Hong Kong unveiled short-term relief measures and capital spending initiatives to sustain growth in an expansionary budget on Wednesday that carried hefty strategic spending to try to bolster the city’s innovation industries. Financial Secretary Paul Chan, addressing the city’s lawmakers in his annual budget speech, also pledged to address livelihood challenges including a widening wealth
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