JPMorgan has agreed to buy payments start-up WePay, in its first major acquisition of a financial technology (fintech) firm. The investment bank said Tuesday it would provide its 4 million small businesses clients with WePay’s payments technology. “With WePay, Chase is taking the work out of payments for both our business clients and the software
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Andrew Harrer | Bloomberg | Getty Images Listerine mouthwash bottles move through the production line at the J&J consumer healthcare products plant in Lititz, Pennsylvania. With the Dow Jones industrial average surging through the 23,000 level for the first time ever, Cramer offered investors a piece of contrarian food for thought. “Here’s something you never
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Check out the companies making headlines after the bell: Shares of International Business Machines jumped more than 5 percent in the extended session after the company reported third quarter earnings. This was the company’s 22nd consecutive quarter of declining revenue, yet its top and bottom lines for the period exceeded Wall Street’s expectations. Cree Inc.
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The aggressive overhaul of CSX by CEO Hunter Harrison faced a number of setbacks last quarter, company executives said on a conference call with investors Tuesday. CSX reported third-quarter earnings largely in-line with expectations, according to FactSet. Shares of the third-largest railroad in the U.S. rose around 1 percent in midday trading. Harrison, who arrived
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The University of Pennsylvania has produced more billionaires than any other university, according to Forbes. In a ranking of the schools that produce the most billionaires, Forbes said UPenn beat out Harvard and Yale to take the top spot. Thanks in large part to its Wharton School of Business, UPenn has 18 graduates who are
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While the rest of Wall Street was gushing over Netflix’s earnings results on Monday, there were two major analysts on the sidelines, citing concerns about lower profit margins as the video streaming giant spends big on content. Credit Suisse analyst Stephen Ju and Jefferies analyst John Janedis both expressed concerns that much of Netflix’s revenue
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Goldman Sachs posted earnings Tuesday that easily beat expectations on the top and bottom lines. The company also disclosed it plans to buy back $8.7 billion in shares after being “extensively engaged” with shareholders on the issues. After rising during the premarket, shares fell at the market open and were last down about 1.5 percent.
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UnitedHealth, the largest U.S. health insurer, reported a stronger-than-expected quarterly profit and raised its full-year earnings forecast, helped by strength in its pharmacy benefit management business. UnitedHealth, the bellwether for the industry, is the first health insurer to report earnings a week after U.S. President Donald Trump decided to cut off subsidies to health insurance
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Johnson & Johnson reported a higher-than-expected quarterly profit and raised its full-year forecast as the company gained from strong sales of its new cancer drugs. Shares of J&J, part of the Dow Jones industrial average, were up 1.3 percent in premarket trading on Tuesday. Higher demand for its blood cancer drugs, Darzalex and Imbruvica, and
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