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Marriott on Thursday missed Wall Street estimates for quarterly revenue and forecast a lower-than-expected full-year profit, blaming weak demand in North America, its its largest market. Marriott’s revPAR growth — a key measure of hotel health — during the fourth quarter was hurt by labor strikes in eight markets in North America and weaker-than-expected demand
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Foot Locker shares soared on Friday after the shoe company crushed Wall Street’s profit projections and reported same-store sales growth that more than doubled expectations. The company’s management pointed to its emphasis on product diversity, strategic partnerships and improvements to both its in-store and digital locations for the earnings and revenue beats. Same-stores sales growth
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YouTube CEO Susan Wojcicki will speak at the Lesbians Who Code conference in San Francisco Friday at 1:15 p.m. ET, one day after her company decided to disable comments on most videos featuring minors in an effort to curb predatory behavior. The Google-owned company faced backlash from advertisers who halted spending on the platform within
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Amazon‘s cloud services business has been growing exponentially, but the company still has a long way to go, the division’s CEO Andy Jassy told CNBC’s Jim Cramer on Thursday. With $30 billion of revenue run rate and 45 percent year-over-year growth, Amazon Web Services is just getting started, he said. “It’s the early stages of
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Despite gains in income and wealth for black families in America, white families often have a net worth up to 10 times higher. Discriminatory financial practices such as redlining or credit discrimination have increased the wealth gap and held black families back from being able to create generational wealth. Times are changing. Black millennials are
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Facebook is keeping its cryptocurrency plans under wraps, even when it comes to other company employees. The social media giant silos off its secretive cryptocurrency team in an office that requires entirely different key-card access so that other Facebook employees can’t enter, according to a New York Times report, citing two Facebook employees. Facebook’s blockchain
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Ride-hailing companies Uber Technologies and Lyft will give some of their drivers a chance to participate in their initial public offerings, The Wall Street Journal reported Thursday. The report, which cites people familiar with the matter, said both companies will include programs to give long-serving and highly active drivers a cash award with the option
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Check out the companies making headlines after the bell: L Brands shares fell more than 8 percent in extended trading after posting mixed fourth-quarter earnings and weak full-year guidance. The retail company posted $4.85 billion in revenue, compared to the $4.88 billion forecast by analysts. Earnings per share were $2.14, beating Wall Street’s expectation of
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