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Scott McIntyre | Bloomberg | Getty Images A pedestrian passes in front of a Gap Inc. store in Miami Beach, Florida. Check out the companies making headlines after the bell: Gap shares plunged about 8 percent in extended trading. The clothing retailer, which owns brands like Banana Republic, Old Navy and Athleta, reported mixed first
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President Donald Trump’s decision Thursday to cancel the Singapore summit with North Korea‘s leader sent the price of gold higher as global investors sought safety. Bridgewater Associates founder Ray Dalio shared a specific game plan last year during a time period of rising tensions between the U.S. and North Korea. The investor recommended gold as
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General Electric does not have plans to cut its dividend in 2019, people familiar with the situation told CNBC’s David Faber on Thursday. CEO John Flannery told analysts at a industry conference in Florida on Wednesday that GE will “have to see how” the company’s turnaround plan “play outs” before deciding whether to cut the
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of MSCI Brazil ETF. Tim Seymour was a buyer of Halliburton. Brian Kelly was a buyer of Gold Miners ETF. Guy Adami was a buyer of Advanced Micro Devices. Trader disclosure: On May 23, 2018, the following stocks
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Best Buy, the No.1 U.S. consumer electronics retailer, posted a forecast-beating jump in quarterly comparable sales and earnings on Thursday, but online sales growth decelerated and shares dipped in pre-market trading. Best Buy’s sales at established stores rose 7.1 percent in the first quarter ended May 5, handily beating analysts’ average expectation for a 2.9-percent
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Medtronic’s fourth-quarter profit topped analysts’ estimates on Thursday on higher demand for heart valves and diabetes devices such as insulin pumps. Medtronic, the world’s largest standalone medical device maker, sells everything from minimally invasive therapies to spinal and heart devices, and it has been launching new products to combat increasingly fierce competition. The company on
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When it comes to business advice, there are few people better placed to bestow their wisdom than Jack Ma, the billionaire founder of Chinese e-commerce giant Alibaba. Good job, then, that he set up a university to share tips on the meteoric rise of one of the group’s leading companies, Taobao. Situated in Hangzhou, China,
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Goldman Sachs is cautioning its clients that computerized trading may exacerbate the volatility of the next big market sell-off. “One theory that has been proposed for why market fragility could be higher today is that because HFTs [high-frequency trading] supply liquidity without taking into account fundamental information, they are forced to withdraw liquidity during periods
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