Justin Sullivan | Getty Images Boxes of General Mills brand cereals are displayed at Scotty’s Market on September 20, 2017 in San Rafael, California. General Mills raised its full-year organic sales growth forecast and reported second-quarter sales that topped Wall Street estimates, helped by strong demand for its cereal and snack brands such as Lucky
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After the decline in the FANG stocks on Tuesday, CNBC’s Jim Cramer issued a warning to investors who own the technology-laden group. “I just wanted to get in front of tomorrow’s storyline,” the “Mad Money” host said. “You better believe the obituary’s being written once again right now, this time with the death notice containing
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Package delivery company FedEx on Tuesday reported a higher quarterly net profit due to increased volume, but results were hit by lingering effects from a June cyber attack on its Dutch TNT Express unit. The Memphis-based company, often considered a bellwether for the U.S. economy like its main rival United Parcel Service, posted fiscal second-quarter
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Bitcoin plunged more than $1,000 in less than an hour Tuesday. The digital currency fell from $17,929 to a low of $16,912 between 3:30 and 4:30 p.m. ET, according to Coinbase, the leading U.S. platform for buying and selling major cryptocurrencies. Bitcoin had traded near $19,800 on Sunday. The slump came just around the close
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Verisign’s analysis comes from its database of more than 300 million globally registered domain names. Paul Nicks, vice president of GoDaddy’s domain name aftermarket, affirmed Verisign’s findings. Nicks told CNBC that GoDaddy has seen interest in coin-related domains “increase and decrease as the price and news cycle around the currency fluctuates.” So far in 2017,
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United Parcel Service just became Tesla‘s biggest Semi-truck customer to date. The delivery service and logistics provider announced Tuesday morning its plans to preorder 125 of Tesla’s new electric Semi tractors. Previously, beverage and snacks behemoth PepsiCo had reserved 100 of the trucks, the largest-known order as of last week. Companies including Walmart, fleet operator
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General Motors shares rose Tuesday after RBC Capital Markets upgraded the stock to outperform. “We believe GM guides 2018 above consensus leading to positive earnings revisions,” wrote analyst Joseph Spak. “The stock fits squarely into our preferred narrative for 2018 — increased confidence on downturn resiliency with a seat at the table on new mobility.”
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Offshore-focused McDermott International said it would buy onshore-based Chicago Bridge and Iron to create an integrated construction and engineering services provider amid a stabilizing global oil market. McDermott’s shares were down 9 percent, while CB&I rose 8 percent in after-market trading on Monday. “Customers worldwide increasingly seek a single company that can offer end-to-end solutions,
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