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Under Armour shares initially jumped more than 5 percent on Tuesday after the athletic apparel maker reported better-than-expected fourth-quarter earnings and sales. The sneaker maker earned 9 cents a share on an adjusted basis, topping expectations of 4 cents, based on a poll by Refinitiv. Sales during the quarter were $1.39 billion, again ahead of
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The Food and Drug Administration began its crackdown on the opioid epidemic Tuesday with a warning letter sent to drug distributor McKessson for allegedly shipping “illegitimate” product, taking the agency’s first formal enforcement action to curb abuse. Specifically, the FDA is accusing McKesson of failing to identify, quarantine and investigate drug shipments that had been
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During a recent “Ask the Traders” segment on Halftime Report, Virtus Investment Partners chief market strategist and CNBC Contributor Joe Terranova shared his recommendations about how young investors should be allocated. We followed up with Joe after the show for additional insights. CNBC: How can young investors diversify their portfolios? Joe Terranova: It’s important to
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Chris Hughes, co-founder of Facebook and an advocate for wealth equality, told CNBC on Monday that he and other ultrawealthy Americans should be paying higher taxes to help make life better for everyone in society. “We have a free-rider problem. The top 1-percent — and even more specifically the top 0.1-percent, those with household wealth
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Salesforce.com is rolling out a new tool as part of its Health Cloud platform to help hospitals and insurers spot environmental and social issues that can affect a person’s health, like income or access to transportation, to connect patients with more services. There is growing emphasis in health care to try to address economic issues
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CNBC’s Jim Cramer said Wall Street has misread Spotify‘s latest earnings report and guidance, and that misunderstood stocks like these give investors an opportunity to make some money. On his show Friday, the “Mad Money” host called out stock analysts like Everscore ISI’s Anthony DiClemente who have downgraded the equity over concerns about subscriber growth.
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Ranchers, farmers and industry groups are trying to slowing the momentum of popular products like the Impossible Burger, according to The New York Times — by defending the definition of the word “meat.” According to the report, the animal products lobby is moving to convince state lawmakers to implement legislation that makes clear that only
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For car aficionados that have always wanted to own a fancy trophy car without having to shell out hundreds of thousands of dollars for the privilege, a financial technology upstart has come up with the perfect solution. Rally Rd, a New York-based fintech company that allows small investors to invest in rare collectibles, is giving
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Twitter is expected to report its fourth quarter 2018 earnings before the bell on Thursday. Here are the numbers analysts are expecting: Earnings per share: 25 cents expected, per Refinitiv consensus estimate Revenue: $868.1 million expected, per Refinitiv consensus estimate Monthly active users (MAUs), excluding SMS users: 321.1 million expected, according to FactSet consensus Investors
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Google’s top policy chief has called for “common rules of the road” globally when it comes to the regulation of technology, amid ongoing debate around the world on how to create legislation for the internet economy. Karan Bhatia, vice president of global public policy and government relations at Google, said that while a one size
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Steele Burrow / Aurora Photos | Aurora Open | Getty Images Cattle grazing near Lexington, Virginia Set midway between Roanoke and Charlottesville, Virginia, scenic Lexington “delights visitors with cool shops and boutiques, a walkable downtown … restaurants that use locally sourced ingredients, and a wealth of Southern history,” says AARP. Trawl the Virginia Military Institute
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There’s one thing the record 35-day government shutdown made clear: Americans aren’t saving for a rainy day. “The partial government shutdown serves as a wake-up call that emergency savings must be made a more serious priority,” said Mark Hamrick, senior economic analyst at Bankrate.com. Over three-quarters of all full-time workers are living paycheck to paycheck,
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