Though Amazon has promised steep discounts at Whole Foods stores, now that it owns the organic supermarket chain, Costco still reigns supreme in the ongoing grocery price wars, according to JPMorgan. “[Costco] offers an unquestioned value prop with the best pricing, curated assortment, strong private label offering, and treasure hunt atmosphere,” JPMorgan analyst Christopher Horvers
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In other cases, cybercriminals may attack small businesses in order to access larger companies they do business with, Kaiser said. When hackers gained access to Target in 2013, for example, they did so through the company’s HVAC vendor, Kaiser said. Nearly 90 percent of businesses reported having put in place some cybersecurity protection, according to
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The bank also said, however, its fixed-income trading revenue fell 22 percent on a year-over-year basis. Third-quarter fixed-income revenue totaled $2.152 billion versus $2.646 billion in the year-earlier period. Bank of America said the slowdown was “driven by less favorable market conditions across credit-related products, as well as lower volatility in rates products.” “This slowly
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China’s foreign aid is sharply in focus this week with an unprecedented new data trove showing the country’s growing global reach and detailing how Beijing spends its cash. In recent decades, the world’s second largest economy has evolved from an aid recipient to a net aid donor. But a lack of official information on China’s
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CNBC’s Jim Cramer is hoping to see strategic changes made at Procter & Gamble after the consumer foods giant narrowly won a proxy fight with activist investor Nelson Peltz. “Why not expect some change?” the “Mad Money” host said. “Nearly half the shareholders who voted agreed with Peltz that Procter is too insular and not
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The total value of all bitcoins in existence (roughly 16.6 million) stands at about $86 billion. Add in the other few hundred cryptocurrencies and it’s a $155 billion market. Yet these new assets comprise just a fraction of the world’s multitrillion currency market. And as a new asset with a smaller pool of investors, cryptocurrencies
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CFO Marianne Lake added on the call that “the tax rate is only one piece of the equation” when considering whether to hire more workers or raise wages. Dimon is chairman of the Business Roundtable, a group of more than 200 chief executive officers of major U.S. companies, and has spoken strongly about the need
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Domino’s, the biggest U.S. pizza delivery chain, reported slower same-store sales growth in the third quarter, sending its shares down 3 percent in premarket trade. The company’s comp-store sales growth at its own restaurants slumped to 8.4 percent from 13.8 percent a year earlier. Still, it beat the 6.6 percent rise expected by analysts polled
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Health insurance is a very big topic for the 30-something clientele Roberge at Beyond Your Hammock serves. The questions he asks include: Have the premiums or coverage changed? Should you switch to a high-deductible plan? If you use a health savings account, does the company contribute to it, too? Roberge finds that clients often don’t
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