Month: October 2018

Few families can cover the skyrocketing cost of college outright. Luckily, there are more than 7 million scholarships available to help. But wading through the options can be overwhelming. Enter free search sites, like Tuition Funding Sources, which help students find the most desirable kind of assistance — money that does not have to be
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The Food and Drug Administration has had “constructive” meetings with e-cigarette manufacturers since instructing them to fix “epidemic” levels of teen nicotine use, Commissioner Scott Gottlieb said Wednesday. Tthe FDA last month ordered five manufacturers — Juul, British American Tobacco‘s Vuse, Altria‘s MarkTen, Imperial Brands‘ Blu E-cigs and Japan Tobacco‘s Logic — to submit plans
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Energy expert John Kilduff sees an unusual phenomenon affecting crude oil and beaten-down stocks. According to the Again Capital founding partner, oil and stocks have embarked on the closest trading relationship since early 2016 and during the financial crisis sell-off. “This has been the highest correlation that I’ve seen in quite some time,” he said
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General Motors sold fewer vehicles during the third quarter — but at higher prices — helping the Detroit automaker deliver a better-than-expected earnings report that sent its shares soaring Wednesday. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.87, adjusted,
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Electronic Arts forecast third-quarter revenue below Wall Street estimates on Tuesday, as the video-game publisher’s delayed launch of its popular “Battlefield V” game hurt the company in an already crowded holiday-season game slate. The company’s shares were down 5 percent at $90.25 in after-market trading. EA forecast third-quarter adjusted revenue of $1.73 billion, missing the
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Jeffrey Katzenberg is drawing inspiration from Dan Brown’s “The Da Vinci Code” as he puts together his new short-form video company, Quibi. Speaking alongside Quibi CEO Meg Whitman on Tuesday at Axios’ Smarter Faster Revolution event, Katzenberg said that after reading Brown’s mystery thriller, a light bulb went off in his mind about media consumption.
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Facebook said it’s expecting between $18 billion to $20 billion in capital expenditures in 2019, above the FactSet analyst estimate of $17.29 billion. More than 2.6 billion people use the Facebook family of apps per month, the company said. Those apps include Facebook, WhatsApp, Instagram or Messenger. That figure was up 100 million more people
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There’s no silver bullet for generating retirement income; however, financial advisors suggest that dividend-focused investors should consider diversifying their holdings and income streams. “Rather than thinking ‘I can only spend dividends that come to me from high-dividend yielders,’ say ‘I need $100,000 a year, and I don’t care whether it comes from dividends, interest payments
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Amazon entered its third straight day of losses down as much as 3.5 percent at the open. It was down about 26 percent for the month of October as of Tuesday morning. The stock been on a steady decline since Thursday when it missed revenue estimates and delivered disappointing fourth quarter guidance. At Monday’s close,
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Pau Barrena | Bloomberg | Getty Images Ajay Banga, chief executive officer of MasterCard Inc. Mastercard’s third-quarter profit rose 33 percent, it said on Tuesday, joining rival payments network Visa in reporting higher earnings led by rising U.S. consumer spending. Mastercard’s net income climbed to $1.90 billion or $1.82 per share in the three months
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Content delivery network Akamai is up as much as 11 percent in premarket trading after crushing earnings. Akamai reported quarterly revenue of $670 million compared to $664 million analysts expected, according to Refinitiv. It also beat estimates on earnings per share by 11 cents, reporting 94 cents per share. Akamai’s technology allows for speedier video
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