For some people, opening up a credit card statement is like a visit from the Ghost of Christmas Past. Holiday shoppers are expected to spend generously this year, with the National Retail Federation estimating the average consumer’s outlay at $1,007 for everything from gifts to food to holiday attire — a 4.1 percent increase from
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Prudential Financial’s Quincy Krosby has advice for investors: Let the stock market volatility work for you. She’s confident the market’s wild swings will ultimately subside and generate strong upside. “If the sell-off continues and it deepens, it’s going to provide tremendous opportunities as the market settles down,” the firm’s chief market strategist said Monday on
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Financial matters cause stress to almost everyone. Some have a healthy anxiety around money matters that helps them make smart financial decisions, while for others that stress can lead to bad financial choices. If investors really want to safeguard or drive gains with those financial portfolios, it’s key to pay attention to how stress caused
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Capital One acquired a four-year old online-shopping startup in its latest effort to offer tech services that engender loyalty to the bank’s credit cards. The bank purchased Wikibuy on Nov. 17 for an undisclosed amount, according to executives from Capital One and the Austin, Texas-based startup. Two million members use Wikibuy to automatically find low
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Medical device maker Medtronic posted a better-than-expected quarterly profit on Tuesday, helped by strong performance across all segments. The company’s top-selling cardiac and vascular unit that makes defibrillators, pace-makers, heart valves and stents raked in revenue of $2.86 billion, beating analysts’ estimate of $2.84 billion, according to IBES data from Refinitiv. Medtronic’s minimally invasive therapies
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Billy Beane, the general manager of the Oakland Athletics, is famous for using advanced, statistical analysis and software to gain a competitive edge in recruiting and to make up for his team’s limited payroll relative to the rest of the league. Beane, who was portrayed in “Moneyball,” Michael Lewis’ 2003 book, told CNBC’s Julia Boorstin
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Lowe’s on Tuesday reported quarterly earnings and revenue that beat 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: $1.04 adjusted, vs. 98 cents expected Revenue: $17.4 billion vs. $17.36 billion expected CEO Marvin Ellison started at Lowe’s in
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Student loan borrowers with cancer can now pause their payments. Under the rule, included in a recent bipartisan congressional spending package, borrowers are exempt from student loan payments throughout their treatment for cancer and then for six months afterward. Additionally, interest will not accrue during the postponement. Some cancer patients can rack up an extra
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