Investing

Starbucks’ big expansion into Asia will underperform the company’s guidance, according to one Wall Street firm. Wedbush Securities lowered its rating to neutral from outperform for Starbucks shares, predicting the company’s sales growth will come in below expectations next year. Starbucks management said Jan. 31 that the company’s China business will represent approximately 25 percent
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Several states say online retailers should have to collect sales tax, even in those where the companies don’t have a physical presence. The Supreme Court ruled in 1992 that states couldn’t collect sales taxes gathered by mail-order catalog companies unless the firms had a physical presence in a state. South Dakota and several other states
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The market has changed. A couple weeks ago, it was all about tariffs and China trade wars. Now, there’s new uncertainty around earnings and how it may impact the market leader, technology. A social media crisis with Facebook that may also affect other social media stocks and Alphabet potentially as well. Driverless-car issues affecting Nvidia
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Advertisers for the first time must now decide whether putting content on Facebook represents a liability, tech analyst-turned-venture capitalist Gene Munster told CNBC on Wednesday. “I don’t think there’s going to be some huge aversion from Instagram or Facebook. I think that those platforms are going to be around forever,” Munster said in a “Squawk
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Market turmoil that began in February did little to disturb investor sentiment, which remained at a 17-year high, according to a survey by Wells Fargo and Gallup. Investors remained upbeat about the market, as well as the economy generally and the employment picture more specifically, according to the Wells Fargo/Gallup Investor and Retirement Optimism Index.
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AMD and Nvidia will suffer as specialized digital currency mining chips hit the market this year, according to a Wall Street firm. Susquehanna reduced its rating to negative from neutral and lowered its price target for AMD shares, citing impending competition from cryptocurrency mining company Bitmain. “During our travels through Asia last week, we confirmed
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Some clients of online broker TD Ameritrade suffered an apparent outage that prevented them from fully accessing their accounts Monday morning. News about the technical issues emerged about an hour before U.S. stocks opened for trading. Tweet Tweet Tweet A TD Ameritrade spokeswoman told CNBC the company “encountered an issue in which clients using our
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CNBC’s Jim Cramer welcomed Dropbox’s successful initial public offering on Friday as a reminder that even in a sell-off, good things can still happen. Shares of the cloud-based data storage company closed up over 35 percent after its first day of trading, at $28.48 a share, well above the company’s stated price of $21. “If
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One Wall Street firm is getting worried about Micron shares after the stock’s surge so far this year. Micron reported better than expected fiscal second-quarter earnings Thursday and gave financial guidance for the next quarter above expectations. But Citi Research is concerned lower flash memory pricing will hurt the chipmaker’s financial results later this year.
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China‘s response to President Donald Trump‘s tariffs was so swift that it was actually quite embarrassing for the United States, according to CNBC’s Jim Cramer. Earlier Friday, China announced plans for reciprocal tariffs on 128 U.S. products, including pork, wine, fruit and steel. It came a day after Trump’s announcement of tariffs on up to
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Akio Kon | Bloomberg | Getty Images Zhao Changpeng, chief executive officer of Binance Japan’s Financial Services Agency issued a warning Friday to major cryptocurrency exchange Binance for operating without registration in the country. Hong Kong-based Binance was operating in Japan through the internet without a license for a virtual currency exchange, according to a
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Check out which companies are making headlines before the bell: Nike – Nike reported adjusted quarterly profit of 68 cents per share, 15 cents a share above estimates. The athletic apparel and footwear maker’s revenue beat forecasts, as well. Nike’s results were boosted by strong demand in international markets. Micron Technology – Micron came in
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Aeronautics, modern rail, and new-energy vehicles are among 10 Chinese industries the U.S. could target for tariffs, U.S. Trade Representative Robert Lighthizer said. Lighthizer provided a list of the industries he is recommending for tariffs to the Senate Committee on Finance on Thursday morning, ahead of the anticipated announcement of tariffs later in the day.
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Investors’ expectations for three or four rate hikes by the Federal Reserve in 2018 are likely overblown while a bear market in bonds will be gradual and “non-threatening,” influential bond investor Bill Gross said on Thursday. In his latest Investment Outlook piece, Gross, who runs the $2.2 billion Janus Henderson Global Unconstrained Bond Fund, said
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