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Billionaire technology investor and philanthropist Robert F. Smith announces he will provide grants to wipe out the student debt of the entire 2019 graduating class at Morehouse College in Atlanta, Sunday, May 19, 2019. Steve Schaefer | Atlanta Journal-Constitution via AP Nearly 400 young men at Morehouse College learned on Sunday that their commencement speaker
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AlexRaths | Getty Images Start-ups’ fears of being strong-armed to focus on short-term profits is one reason some are opting to stay private. But those fears may be overblown, if the historical performance of money-losing biotechs is any indication. Much like consumer tech companies going public in 2019 — biotech companies rarely make money going
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Kevin Plank, CEO, Under Armour Here are the biggest calls on Wall Street on Friday: J.P. Morgan upgraded Under Armour to ‘overweight’ from ‘neutral’ J.P. Morgan upgraded the stock after positive meetings with management. “We hosted HQ meetings in Baltimore with CEO Kevin Plank, COO/President Patrik Frisk, CFO David Bergman and Chief Digital Officer Paul
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President Donald Trump and his senior advisor Jared Kushner arrive for a meeting with manufacturing CEOs at the White House in Washington, DC, U.S. February 23, 2017. Kevin Lamarque | Reuters Deutsche Bank ignored employees’ calls to report transactions made by legal entities controlled by President Donald Trump and Jared Kushner to the Treasury Department’s
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Bill Marvin and Chris Seib (CTO and co-founder) action shot Meagan Ebersole | JP Morgan Chase J.P. Morgan Chase is buying medical payments technology firm InstaMed to push more deeply into the $3.5 trillion market for U.S. health-care spending. The bank agreed Friday to purchase InstaMed, a Philadelphia-based company of about 300 employees that processed
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Despite the new burst of market volatility, long-time bull Edward Yardeni sees a return to all-time highs this year. And, he believes U.S. multinational companies, which are directly exposed to the trade war, will ultimately help provide the market boost. “I think it moves higher partly because there’s a recognition that even companies that do
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Jensen Huang, chief executive officer of Nvidia Corp. David Paul Morris | Bloomberg | Getty Images Chipmaker Nvidia will issue an earnings report for the first quarter of fiscal 2020 after the market close on Thursday. Here are the numbers to watch: Earnings: Excluding certain items, 81 cents per share as expected by analysts, according
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With 401(k) balances near all-time highs, retirement savers are probably feeling pretty good about themselves these days. The first part of this year saw record contributions, thanks, in part, to a strong stock market, according to Fidelity, the nation’s largest provider of 401(k) plans. Eventually though, savers will have to take distributions from those accounts.
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FluxFactory | E+ | Getty Images Nobody likes to get a poor grade. But those online “test-your-financial-literacy quizzes can be irresistible. They’re short. You think you’ll do pretty well. Then, wham. You failed. How bad should you feel? Probably not very. When U.S. managers, including corporate executives, were tested on basic financial literacy, the average
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Alys Tomilson | Getty Images Student loans aren’t the reason there’s a student debt crisis in this country. The real problem is that there’s not adequate education, information or support systems in place to help students (and their families) make smarter college choices while they are still in high school. Nationwide, college student loan debt
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