Finance

Prudential Financial’s Quincy Krosby has advice for investors: Let the stock market volatility work for you. She’s confident the market’s wild swings will ultimately subside and generate strong upside. “If the sell-off continues and it deepens, it’s going to provide tremendous opportunities as the market settles down,” the firm’s chief market strategist said Monday on
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Check out the companies making headlines after the bell: Urban Outfitters shares rose over 6 percent during after-hours trading Monday after the retailer beat analysts’ expectations on revenue and earnings. The company reported earnings of 70 cents a share versus an estimate of 62 cents a share. Third-quarter revenue was $974 million, while analysts had
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The Democratic representative also proposes to swap the word “Credit” for “Protection” in the Financial Institutions and Consumer Credit subcommittee. That signals a focus on shielding consumers from business malpractice — something she has said the Consumer Financial Protection Bureau under its head Mick Mulvaney has failed to do. A spokeswoman for Waters did not
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Comcast Ventures had seen enough. Years of researching business models, seeing their own portfolio’s performance and watching digital media startups struggle had made an impression. For 2018, the venture capital firm made a decision: it would no longer put seed money behind advertising-driven media companies. “Starting an ad-supported business is really, really tough,” said Daniel
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The Federal Reserve is close to the point of being “neutral” on interest rates and should predicate further increases on economic data, the central bank’s vice chairman said Friday. Recent appointee Richard Clarida told CNBC’s Steve Liesman that nearly three years of increases have brought the Fed’s short-term interest rate near where it is neither
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Check out the companies making headlines before the bell: Facebook – COO Sheryl Sandberg responded to a New York Times report that alleged the company ignored and then attempted to cover up how Russia used Facebook to disrupt the 2016 U.S. election. Sandberg acknowledged that Facebook was “too slow” in responding to Russian interference but
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Check out the companies making headlines after the bell: Blue Apron shares dropped as much as 5 percent during the extended session Tuesday after the meal-kit service announced it would take strategic actions to improve its profitability, including a 4 percent reduction of its workforce. Tilray shares dropped over 5 percent after hours when the
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Long-time money manager Bob Doll is warning investors that stocks could breach October’s correction lows. Doll, Nuveen Asset Management’s chief equity strategist and senior portfolio manager, believes the Dow‘s 602 point Monday loss wasn’t a fluke. He suggests there were clues in the early November market comeback that virtually cut October’s losses in half. “We
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Semiconductor producer Skyworks Solutions was downgraded at Citigroup on Monday in light of Apple’s weaker-than-expected iPhone XR outlook and softer smartphone demand in China. “We are downgrading Skyworks Solutions to neutral from buy post the earnings season based on broad smartphone weakness observation in China and disappointing iPhone XR unit sales, which will likely hinder
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Daniel Roland | AFP | Getty Images Bill McDermott, CEO of German software giant SAP, addresses the media during the company’s annual financial statement at it’s headquarters in Walldorf near Heidelberg, southern Germany, on January 24, 2017.  SAP is acquiring Qualtrics for $8 billion, snapping up the survey software company just before its planned IPO.
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The stock market can “absolutely” go higher even without technology stocks leading the way, Wharton School finance professor Jeremy Siegel told CNBC on Friday. Tech stocks, which have delivered the best returns in recent years, have been hammered lately. October was their worst month since 2008. “We might get surprised by [investors] moving into some
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