Month: June 2019

A bitcoin logo on a mobile phone. Omar Marques | SOPA Images, LightRocket | Getty Images Bitcoin skyrocketed close to $13,000 on Wednesday, notching a 17-month high and continuing a stunning turnaround for the cryptocurrency in 2019. The digital currency surged as high as $12,919 in early morning trade, according to CoinDesk’s bitcoin price index,
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Source: Blue Buffalo General Mills on Wednesday reported quarterly sales below Wall Street estimates, hurt by lower demand for its snacks in North America. Net earnings attributable to the company rose to $570.2 million, or 94 cents per share, in the fourth quarter ended May 26, from $354.4 million, or 59 cents per share, a
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Democratic presidential candidate, Sen. Bernie Sanders (I-VT) speaks to the crowd during the 2019 South Carolina Democratic Party State Convention on June 22, 2019 in Columbia, South Carolina. Sean Rayford | Getty Images Sen. Bernie Sanders will announce a plan on Monday to erase the country’s $1.6 trillion outstanding student loan tab, intensifying the higher
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Berkshire Hathaway Chairman and CEO Warren Buffett is shooting down reports of tensions between him and 3G Capital, the company’s partner in Kraft Heinz. Responding to the reports, Buffett said 3G co-founder Jorge Paulo Lemann is “a good friend,” adding that Lemann attended the Berkshire Hathaway annual meeting in Omaha last month with several family
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The corporate earnings picture continues to deteriorate, with companies exposed to tariffs taking a particularly strong hit. As profit reports just start to trickle in, the expectations are getting worse. Forecasters already were indicating negative earnings growth for the second quarter, but the outlook also has swung into red numbers for the third quarter, according
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Karen Simons Source: Karen Simons Karen Simons was out of the professional world for more than 20 years to raise her three children. Now she’s a financial planner at the investment advisory firm Yeske Buie. She made that change happen through a “returnship,” the grown-up version of a college internship that companies are increasingly offering
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Americans for Tax Reform’s Grover Norquist told CNBC on Monday that Sen. Bernie Sanders’ plan to eliminate outstanding student loan debt in the country ignores the real problem of going to college. The Vermont independent’s legislation seeks to cancel $1.6 trillion in existing loans by taxing stock and bond transactions. Norquist took a jab at
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A Goldman Sachs sign at at NYSE. Brendan McDermid | Reuters Goldman Sachs has offered 1 billion ringgit ($241.73 million) to compensate Malaysia for its role in a multi-billion dollar financial scandal involving a Malaysian state fund — but the prime minister of the Southeast Asian country described that amount as “peanuts.” The U.S. financial
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The U.S. Commerce Department has banned five more Chinese entities from buying U.S. components after blacklisting telecom giant Huawei last month. Higon, Chengdu Haiguang Integrated Circuit, Chengdu Haiguang Microelectronics Technology, Sugon and Wuxi Jiangnan Institute of Computing Technology are the five Chinese firms added to the department’s entity list, according to a filing. The department
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