High consumer confidence could drive shoppers out of the house and into brick-and-mortar stores this holiday season, former longtime department store executive Jan Rogers Kniffen told CNBC on Monday. In turn, that could put a dent in Amazon‘s fourth-quarter sales, he added. “When the consumer is happy or feels good, they’re more likely to be
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Starbucks shares soared Friday morning after the company delivered an upbeat earnings report that beat Wall Street’s estimates on revenue, profit and same-store sales. The Seattle coffee maker, which released its fiscal fourth quarter earnings Thursday night, said its customers helped drive its record revenue by spending more on frappuccinos, tea and snacks. Its shares
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Open enrollment, the annual period where you can sign up for plans that fall under the Affordable Care Act — also popularly called Obamacare — has started. In 2016, about 16 percent of Americans bought private individual health plans, which includes Affordable Care Act offerings sold on government exchanges, according to the U.S. Census Bureau.
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Cybersecurity firm Symantec beat analysts’ estimates for second-quarter profit and revenue on Thursday, easing investor concerns following three consecutive quarters of disappointing results and forecast cuts. Symantec shares jumped more than 8 percent in extended trade following the announcement. The stock ended up 3.2 percent at $18.73. “This was a big step in the right
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An atypical spirit of tech worker solidarity was on display Thursday morning, as 20,000 Google employees poured from offices in 50 cities around the world as part of a massive walk-out to protest the way the company handles sexual harassment. The widespread demonstrations, spurred by a revealing New York Times report that detailed how Google
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Insurer MetLife reported a third-quarter profit on Thursday, compared with a year-ago loss, helped by volume growth, favorable underwriting, expense management and improved investment income. MetLife shares were up 3.7 percent in after-hours trade on Thursday, after closing the regular session up 1.8 percent at $41.94. New York-based MetLife is one of the largest U.S.
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General Motors delivered Wall Street an unexpected surprise this week, substantially topping Wall Street earnings forecasts for its third quarter, and it wasn’t because it’s selling more cars. The Detroit automaker is racing to keep up with demand for its new Chevy Silverado pickup which was completely redesigned for the 2019 model-year. In particular, shoppers
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TV broadcaster and media company CBS beat analysts’ estimates for third-quarter revenue and profit on Thursday, boosted by strong advertising sales and higher digital subscriptions. CBS, home to popular shows such as the “Big Bang Theory,” and “NCIS,” said advertising revenue during the reported quarter rose 14.2 percent to $1.26 billion. “We are confident that
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Few companies have the capacity to take on Foursquare, a location discovery platform that leverages its massive database to provide users with personalized recommendations, Foursquare CEO Jeff Glueck said Friday. “Other than Google and Facebook, we are the Switzerland,” Glueck said in an exclusive “Mad Money” interview with CNBC’s Jim Cramer. “We are the sort
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