Brazil and Mexico have caught the eye of U.S. executives as investment destinations after a sharp economic turnaround in Latin America. U.S. executives expect their companies to make deals in both Brazil and Mexico over the next 12 months, according to a survey conducted by EY. “As we approach full employment in the U.S., companies
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The second significant change to Alphabet’s balance sheet comes because of a new accounting standard for equity security investments. Under the new rule, called Accounting Standards Update 2016-01, Alphabet has to report the unrealized gains and losses from its investments on its income statement. For example, Alphabet bought a stake in both ride-hailing start-up Uber
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EPS: 11 cents, expected by analysts surveyed by Thomson Reuters. Revenue: $27.45 billion expected by analysts surveyed by Thomson Reuters. The embattled industrial conglomerate saw its shares drop to the lowest level since July 2009 as Wall Street and the media alike questioned the risks lurking within GE Capital’s portfolio. The stock has slid 21
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Check out the companies making headlines after the bell: Skechers stock plummeted more than 23 percent in the extended session. The footwear company reported earnings and revenues that surpassed Wall Street expectations. Global same-store sales were also up 9.5 percent. Despite the strong earnings, weak second-quarter guidance sent shares falling. E*Trade shares fell more than
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Pier 1 Imports‘ stock plummeted more than 20 percent Thursday morning after the company reported sales that missed analysts’ expectations, also ceasing its dividend payouts. The home furnishings retailer said halting its dividend payments to investors “will enable the company to allocate greater resources toward implementing its three-year strategic plan to drive sales and earnings
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When planning for health-care costs in retirement, it pays to factor in a particular worst-case scenario: an earlier-than-anticipated workforce exit. A new analysis from Fidelity Investments estimates that a healthy 65-year-old couple retiring this year will need $280,000 to cover their health costs in retirement. For individuals, the projection is $133,000 for a man and
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Devon Energy. Tim Seymour was a buyer of GW Pharmaceuticals. Dan Nathan was a seller of the VanEck Vectors Semiconductor ETF. Guy Adami was a buyer of Freeport-McMoRan. Trader disclosure: On April 18, 2018, the following stocks
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Bank of New York Mellon reported a better-than-expected first-quarter profit on Thursday, as surging equity markets and a weaker dollar helped drive double-digit growth in its assets servicing and management businesses. Shares of the world’s largest custodian bank rose 3.3 percent at $54 in premarket trading. Asset servicing revenue surged 13 percent to $1.52 billion,
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TSMC is the world’s largest semiconductor foundry company, manufacturing chips for leading technology firms including Apple and Nvidia. Morgan Stanley said Apple’s iPhone was a big reason for TSMC’s poor guidance. “Smartphone semi weakness [is] the main reason for the revenue shortfall,” analyst Charlie Chan wrote in a note to clients Thursday. “Beside the order
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G-20 countries are “weak” and have moved “too slowly” in improving transparency over financial secrecy two years after the Panama Papers revealed how wealthy individuals hide their money, an international corruption watchdog said Thursday. Transparency International warned that 10 G-20 nations have “very weak” legal frameworks that do little to help law enforcement officials and
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New York Attorney General Eric Schneiderman announced on Tuesday that he is investigating at least 13 cryptocurrency exchanges, including the popular platform Coinbase. “Too often, consumers don’t have the basic facts they need to assess the fairness, integrity, and security of these trading platforms,” Schneiderman said in a statement. Schneiderman said he hopes to make
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