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The strong GDP economic data for the June quarter is showing up in the real economy. Major U.S. companies including Walmart and Cisco are confirming the positive macro data by posting their best financial results in many years. The reports indicate broad-based strength in the domestic economy. Last month the government said second-quarter GDP grew
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The “Fast Money” traders shared their first moves for the market open. Brian Kelly was a buyer of the Utilties ETF Karen Finerman was a buyer of Alibaba David Seaburg was a buyer of Macy’s Dan Nathan was a seller of the Semiconductors ETF Trader disclosure: On August 15, 2018 the following stocks and commodities
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Constellation Brands just spent billions on pot. The wine and spirits company increased its investment in cannabis company Canopy Growth by $4 billion. Markets weren’t buying it. Constellation’s stock plummeted 6 percent on Wednesday in its worst daily performance since January 2017. “Here’s why the market hates it. They paid $4 billion for a company
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Walmart on Thursday reported quarterly earnings and sales that topped analysts’ expectations, as more shoppers flocked to its stores and spent more per trip, and e-commerce sales ticked higher than previous quarters. The retailer said it had the strongest growth in more than a decade at those stores open for at least 12 months, thanks
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Cisco stock rose more than 6 percent on Wednesday after the company reported better-than-expected earnings for the fourth quarter of its 2018 fiscal year, which ended on July 28. Here’s how the company performed: Earnings: 70 cents per share, excluding certain items, vs. 69 cents per share as expected by analysts, according to Thomson Reuters.
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Getty Images A sign advertising a sale sits outside a Lumber Liquidators store on April 29, 2015 in Chicago, Illinois. Stocks of major home construction companies fell on Wednesday, beleaguered by a slump in U.S. equity trading and a decline in homebuilder sentiment. Declines in Lumber Liquidators and American Woodmark pushed the Home Construction exchange-traded
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Ride-hailing company Uber is still on track to book more than $10 billion in revenue this year, although growth has slowed and its losses widened since the first quarter, according to the company’s self-reported financials. Uber told CNBC its Q2 net revenue was $2.7 billion, up 51 percent from the same quarter last year, and
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Beyond health, New Hampshire clocked in at number 4 among the best places to retire, according to data from personal finance site Bankrate.com. The state had a low crime rate, high marks for cultural vitality — including fun things to do — and top ratings for health care quality, according to Bankrate.com’s analysis. Other states
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Andrew Harrer | Bloomberg | Getty Images Randall Stephenson, chairman and chief executive officer of AT&T Inc., speaks during a Senate Judiciary Subcommittee hearing in Washington, D.C., U.S., on Wednesday, Dec. 7, 2016. A U.S. investor filed a $224 million lawsuit against AT&T Wednesday accusing the telecommunications giant of negligence that allegedly caused the California
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Net income for the second quarter ended Aug. 4 was $166 million, or 53 cents a share, compared with $111 million, or 36 cents a share, a year earlier. Excluding one-time items, Macy’s earned 70 cents per share, far exceeding analysts’ expectations for 51 cents a share, according to a poll by Thomson Reuters. Revenue
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