RH, the company formerly known as Restoration Hardware, posted fiscal third-quarter earnings Wednesday that topped analysts’ estimates, but left its forecast for the current quarter largely unchanged. RH shares were recently trading slightly higher in extended trading Wednesday, but the stock had been down earlier. Here’s how the company with Wall Street’s expectations, according to
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Robinhood grew its user based tenfold in about three years by bringing in younger generations to the finance world, co-CEO of the mobile stock trading app, Vladimir Tenev, told CNBC’s Jim Cramer on Wednesday. The start-up earlier that day announced that it has registered more than 10 million accounts to its platform, up from 1 million
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In the late 1990s Andy Jassy pitched a wild idea to his boss and mentor, Jeff Bezos: what if Amazon developed another business…this one, in the cloud. Two decades later, it’s Amazon’s most profitable division – one that Jassy continues to head up as the CEO of Amazon Web Services. Jon Fortt sat down with
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If a U.S.-China trade deal is off the table, stay away from the stock market, says Jeremy Siegel, Wharton School professor of finance. The Dow Jones Industrial Average lost more than 250 points after President Donald Trump indicated he might wait until 2020 to strike a trade deal with China. The White House reportedly still plans
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Six of Silicon Valley’s biggest companies had a combined “tax gap” of more than $100 billion this decade, according to a new analysis. Fair Tax Mark, a British organization that certifies businesses for good tax conduct, assessed global tax payments from Facebook, Apple, Amazon, Netflix, Google and Microsoft between 2010 and 2019. The companies are
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Rather than a wealth tax, successful businessman and businesswomen should be pushed to donate more, according to e-commerce billionaire Michael Rubin. “There has to be more pressure on entrepreneurs, when they create great value, to give back,” Rubin told CNBC’s “Squawk Box” on Monday. “I always bank on an entrepreneur to give back and get
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