The administration’s interest in allowing investors to factor in inflation when calculating their capital gains tax liability is mounting. On Thursday, President Donald Trump said he’s thinking “very strongly” about doing so. That comes after Treasury Secretary Steven Mnuchin announced earlier this month that he was considering a proposal on it, as well. Don’t brace
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Every investor makes mistakes, even the Oracle of Omaha, Warren Buffett. That’s the investing wisdom Michael Batnick wants to impart. Batnick, director of research at Ritholtz Wealth Management and author of “Big Mistakes: The Best Investors and Their Worst Investments,” has pinpointed three of the most prevalent and perilous mistakes every investor has made. One
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Hewlett Packard Enterprise stock rose on Tuesday after the company reported better-than-expected earnings for the third quarter of its 2018 fiscal year, which ended on July 31. The company will hold a conference call with analysts to discuss the results at 5 p.m. Eastern time. Here’s how HPE did in the quarter: Earnings: 44 cents
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Tesla has reportedly been searching for years for a No. 2 to ease CEO Elon Musk’s workload, even approaching Facebook Chief Operating Officer Sheryl Sandberg at one point. Executive recruiters and industry analysts agree Musk needs help. Musk’s erratic behavior on Twitter has reportedly drawn a federal securities investigation and put Musk himself at risk
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Captaining your country in an international soccer competition is tough enough, but the stakes have been raised for South Korea’s Son Heung-min this year. The attacker, who plays his club soccer with Tottenham Hotspur in England’s Premier League, has been representing his country at the Asian Games in Jakarta, where only a gold medal will
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Check out the companies making headlines before the bell: Coca-Cola – Coca-Cola struck a deal buy Costa, the world’s second-largest coffee chain, from Britain’s Whitbread for $5.1 billion, including assumed debt. Costa has nearly 4,000 locations across a variety of international markets. Lululemon – Lululemon reported second-quarter profit of 71 cents per share, well above
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Campbell Soup reported better-than-expected quarterly profit Thursday while sales fell short of expectations and the company announced plans to shed two of its international units and its fresh foods business. Here’s what the company reported versus what Wall Street expected, based on average estimates of analysts polled by Thomson Reuters. Adjusted earnings per share of
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Bank of America Merrill Lynch is getting worried about the video gaming industry’s holiday selling season. The firm lowered its rating for both Electronic Arts and Activision Blizzard shares to neutral from buy, citing the crowded holiday slate and competition from “Fortnite.” On Thursday, EA shares fell nearly 10 percent after the company delayed its
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Shares of Lululemon Athletica jumped more than 7 percent in after-hours trading Thursday after the athletic apparel retailer reported second-quarter earnings and sales that topped analysts’ expectations, boosted by e-commerce sales growth of nearly 50 percent. The company also raised its profit and sales outlook for the full year. This earnings report is the first
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Here’s a round-up of the most important deals in venture capital from the past week. Amazon acquired Tapzo to help expand its mobile payments business in India, Economic Times reported. Tapzo is a “personal assistant” app that helps users make payments, as well as purchase food and buy transportation tickets. Economic Times reported that Tapzo
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Shares of Big Lots plunged in premarket trading Friday after the discount retailer reported second-quarter earnings that fell short of Wall Street expectations. The company’s stock dropped more than 10 percent before the opening bell, set to add to its 14.7 percent decline so far this year. The Columbus, Ohio-based company reported quarterly net income
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Sure, those pugs on Instagram are cute. But they’re expensive, too. Most people estimate that owning a dog costs between $26 and $75 a month, according to pet sitting app Rover, which surveyed some 1,500 U.S. adults in July. The reality? More like $150. “When most people get a dog, they think of basic expenses,”
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President Donald Trump said Thursday he would consider linking capital gains taxes to inflation, repeating an idea previously floated by his administration that some see as tantamount to a tax cut for the rich. The president made the remarks in an interview Thursday with Bloomberg News. “I’m thinking about it,” Trump said Thursday in the
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Check out the companies making headlines after the bell: American Outdoor Brands shares skyrocketed 20 percent in the extended session after a first-quarter earnings beat. The Smith & Wesson parent company earned 21 cents per share for the quarter, up 9 cents from Wall Street’s expectations of 12 cents per share. It also beat estimates
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Dollar General‘s quarterly same-store sales topped analysts’ estimates on Thursday as more customers shopped for apparel and groceries at the discount store chain. Same-store sales rose 3.7 percent in the three months ended Aug. 3, above the 2.83 percent increase estimated by analysts on average, according to Thomson Reuters I/B/E/S. The company’s net income rose
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