Month: January 2019

Wall Street’s relative disappointment with PayPal’s fourth-quarter earnings report — with the exception of the almost-profitable Venmo — may have stemmed from the company’s forward guidance, CFO John Rainey told CNBC on Thursday. In an exclusive “Mad Money” interview after PayPal’s report, Rainey emphasized that management was “really pleased” with the fourth-quarter results, highlighting the
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After December’s surprise surge in hiring, economists expect January’s payrolls may have grown by just about 165,000, and there’s a chance that may even be too high. In December, 312,000 payrolls were created and the unemployment rate was 3.9 percent. According to Reuters, the unemployment rate is expected to hold at 3.9 percent and average
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Super-wealthy investors are making some changes to their portfolios for 2019. They are increasing their cash holdings and reducing their equity exposure. They are also cutting back on some of their real estate investments and finding a “short-term solution” in fixed income, according to Michael Sonnenfeldt, founder of investment club Tiger 21. “There’s a lot
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HumanityPexels.com The next big tech trend is humanity, was a big theme coming out of the World Government Summit in Dubai in February 2018, delivered by an all-star cast including Narendra Modi, Christine Lagard, Malcolm Gladwell and will.i.am. I found it very refreshing despite being the only “adult supervision” on a cryptocurrency panel talking about
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Amazon is reporting its all-important fourth-quarter earnings on Thursday after the bell. The fourth-quarter is typically the largest for Amazon because it includes the holiday shopping season. Investors remain bullish on the quarter, but will be paying close attention to the top line, as revenue fell short of expectations in the last two quarters. Here’s
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The last two times Amazon has reported quarterly results, revenue has fallen short of expectations. Now investors are facing the prospects of slowing growth at the e-commerce giant. Amazon is slated to announce fourth-quarter earnings after the bell on Thursday. Analysts surveyed by Refinitiv expect the company to report revenue growth of 18.8 percent from
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Celgene, which is being bought by Bristol-Myers Squibb, reported a better-than-expected fourth-quarter profit on Thursday, driven mainly by higher sales of psoriasis drug Otezla. Bristol-Myers agreed to buy Celgene for about $74 billion earlier this month, a deal that will expand its pipeline of cancer drugs as the company goes head-to-head against rival Merck &
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Despite the scandals and controversies, Facebook analysts agree on one thing: the social media giant keeps growing with no sign of slowing down. Analysts also agree that by all metrics, the company exceeded expectations posting strong fourth quarter numbers after the bell on Wednesday. Analysts pointed out that advertisers continue to spend money on the
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Altria on Thursday reported quarterly earnings and revenue that were mostly in line with analysts’ expectations. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 95 cents, adjusted, vs. 95 cents expected Revenue: $4.79 billion, excluding excise taxes, vs. $4.81 billion
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Alibaba shares soared after the company reported market-beating earnings in the three months ended December, with investors content with a record amount of spending by the company in the 2018 calendar year, hoping that it will spur future growth. The Chinese e-commerce giant posted its slowest revenue growth since 2016 in its fiscal third quarter,
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Home flipping has increased over 63% in Raleigh, North CarolinaGetty Here’s the latest news on flipping homes for quick profits. The heady days of the home flippers in major cities are winding down as market fundamentals flip themselves. During real estate’s halcyon days flippers seem just to appear. These include long time and experienced developers,
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