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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A U.S. investor filed a $224 million lawsuit against AT&T Wednesday accusing the telecommunications giant of negligence that allegedly caused the California resident to lose roughly $24 million in cryptocurrency. In a 69-page complaint filed with the U.S. District Court in Los Angeles, the plaintiff Michael Terpin claimed that because of “AT&T’s willing cooperation with
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General Electric shares fell below $12 per share for the first time since July 24, 2009 on Wednesday, plowing a new low for the stock this year as investors appear concerned about the embattled industrial company’s turnaround plan. Shares of GE fell more than 2 percent in trading, slipping as low as $11.94 per share.
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While the failed merger between Walgreens and Rite Aid has led to the pharmacy chains struggling to find their footing, their rival CVS has had the chance to shine, CNBC’s Jim Cramer said. “When the FTC blocked the Walgreens-Rite Aid merger, they actually laid the groundwork for less competition, because the delay and subsequent confusion
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Financial planning is a complex topic with numerous moving parts, and many aspects of it are best tackled with a professional by your side. However, there are also many simple but powerful things you can do yourself to improve your financial situation quite dramatically over time. Our biggest enemy when it comes to building wealth
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Most everyone looks forward to retiring while they are working, because they relish the thought of no longer having daily commitments. However, not many people understand how investing for retirement really works. Here are some commonly asked questions about retirement plans. 1. When should I begin taking distributions from a pension, profit-sharing or 401(k) plan?
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Amazon’s stunning growth in the internet advertising market will boost the company’s shares, according to Piper Jaffray. The firm reaffirmed its overweight rating for the internet giant’s stock, predicting its ad business profits will surpass its cloud computing income by 2021. “While the Street has been focusing on the trajectory of core retail, growth of
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