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When it’s several decades away, you might categorize saving for retirement as a back-burner concern. And when you’re younger, contributing to an individual retirement account might seem like an impossible stretch. Yet people who made the leap generally say they’re sorry they didn’t start earlier. Millennials seem particularly drawn to Roth IRAs, which are showing
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Darden Restaurants on Thursday raised its fiscal 2019 outlook and beat analysts’ expectations for its quarterly earnings and revenue. Shares of the company rose nearly 4 percent in premarket trading. “Our strong top-line results exceeded the industry this quarter resulting in significant market share gains,” CEO Gene Lee said in a statement. Here’s what the
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You’re concerned about climate change. But chances are, you don’t know what’s really in your investment portfolio and whether your investments are helping or hurting the cause. A new ranking is working to help change that. As You Sow, a nonprofit foundation, has teamed up with Corporate Knights, a research and financial information products company,
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CVS Health CEO Larry Merlo told CNBC Thursday that the health chain is unlocking growth opportunities despite the stock’s downward trend since officially merging with Aetna in November. The company has made “tactical execution” changes to its long-term care business that has faced “intense financial pressure,” he said. The skilled nursing unit came from CVS’
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Award-winning actor Leonardo DiCaprio is signing on for a new role: investor and advisor to an environmentally friendly financial company. The company, named Aspiration, is working to provide consumers with a socially conscious alternative to traditional banks. “Each year, $100 billion worth of pipelines, drilling and other fossil fuel-extraction projects are funded with money deposited
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Federal Reserve Chairman Jerome Powell changed course and finally made the correct policy decision by indicating the Fed is stalling interest rate increases for the year, CNBC’s Jim Cramer said Thursday. “I thought that Jay was great [Wednesday],” Cramer told “Squawk Box,” referring to Powell’s news conference at the conclusion of the central bank’s two-day
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Semiconductor stocks in South Korea soared on Thursday following the earnings release of U.S. chipmaker Micron Technology overnight, which bested expectations. Industry heavyweight Samsung Electronics and chipmaker SK Hynix saw their stock surge 4.09 percent and 7.66 percent, respectively. Beating on the top and bottom line, Micron reported earnings per share of $1.71 on revenue
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Have tech companies gotten so big that it’s bad for the economy? Senator Elizabeth Warren says so. She’s proposing to break up not one, but several tech giants, including Amazon, Apple, Facebook and Google. She says they shouldn’t be allowed to both run distributor platforms and compete on them. It’s like being an umpire and
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Levi Strauss priced its initial public offering at $17 per share, the company announced late Wednesday. That number comes in higher than the expected range, valuing the iconic denim company at about $6.6 billion and bringing its total raise to about $623 million. The company was expected to price its offering of about 36.7 million
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