Month: November 2019

Don’t be surprised if a proposal billed as a middle-class tax cut emerges from the White House at some point next year. With the president’s hope to make it an election issue — as recently described by his top economic policy advisor in an interview with CNBC — the idea is to lower taxes on America’s middle earners
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A group of Black Friday online shopping purchases photographed in delivery boxes filled with polystyrene packing pellets, taken on September 13, 2019. Future Publishing | Future | Getty Images Black Friday shoppers spent $7.4 billion online, the second largest Internet shopping day ever, according to data compiled by Adobe Analytics. The $7.4 billion marked the
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Black Friday shoppers wait to purchase goods at a Best Buy store on November 29, 2019 in Emeryville, United States. Black Friday is traditionally the biggest shopping event of the year, and marks the beginning of the holiday shopping season. Philip Pacheco | Getty Images News | Getty Images Black Friday brick-and-mortar retail sales fell
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Best Buy is one of many retailers impacted by the U.S.-China trade war. NurPhoto | Getty Images Best Buy shares surged more than 4% in premarket trading after reporting earnings and revenue that beat analysts’ expectations while also raising its earnings guidance. Here’s what Best Buy reported compared to what analysts were expecting, based on
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Morgan Stanley headquarters in Times Square, New York. Source: Morgan Stanley At least four traders at New York-based Morgan Stanley have been fired or placed on leave after reportedly concealing a loss of between $100 million and $140 million, a new report from Bloomberg News said. The traders in question allegedly mismarked, or purposely mis-priced, some
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Portrait of small business owner MoMo Productions | Taxi | Getty Images American Express created Small Business Saturday in 2010 to try to encourage shoppers to support local retailers, but a new CNBC/SurveyMonkey Small Business Survey shows waning enthusiasm for the day. The survey, conducted Nov. 20–22, surveyed 2,397 Americans nationwide across all age demographics.
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The Charging Bull near Wall Street is pictured in New York. Carlo Allegri | Reuters The stock market has been hitting record high levels day after day, but that doesn’t mean corporate CEOs are bullish about next year, according to J.P. Morgan Chase regional investment banking head John Richert. Instead, CEOs are worried about delivering
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Dong Wenjie | Moment | Getty Images Box raised its full-year revenue forecast on Tuesday after reporting better-than-expected third-quarter sales, as the cloud management platform benefited from higher customer addition. Shares of the Redwood City, California-based company rose about 4% in extended trading. Box raised full-year revenue forecast to a range of $693.7 million to
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Robinhood co-founder and co-CEO Vlad Tenev speaks onstage during the TechCrunch Disrupt New York event on May 10, 2016. Noam Galai | Getty Images for TechCrunch Robinhood is no longer looking to become a federally insured bank. The stock-trading start-up announced Wednesday that it was pulling its bank charter application with the Office of the
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Mindy Grossman Olivia Michael | CNBC Shortly before graduating from college, WW CEO Mindy Grossman changed the course of her entire life. Grossman, who’s been ranked among Forbes’ 100 most powerful women in multiple years, was on a completely different trajectory as she neared her graduation from George Washington University in the mid-1970s. From the
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