Month: January 2019

Ford‘s reorganization plans showed up in its fourth-quarter earnings Wednesday as pension and layoff costs eroded the company’s profit and caused it to miss earnings estimates — despite posting stronger-than-expected sales. The Detroit automaker has been struggling overseas, and that was apparent in the fourth quarter. While Ford grew its revenue in North America by
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CNBC’s Jim Cramer implored investors on Thursday not to let day-to-day market volatility frighten them out of buying shares of great long-term performers like pharmaceutical giant Merck. “Merck is exactly the kind of company that investors circle the wagons around” during difficult macroeconomic events like long-lived government shutdowns, Cramer said on “Mad Money” amid a
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With an ever-aging U.S. population and advances in medical care, health care professions top the list of in-demand jobs for 2019, according to a new report from jobs site CareerCast. The salaries for those positions depends largely on the education needed for a particular spot. For instance, the job with the most anticipated growth —
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Check out the companies making headlines after the bell Thursday: Shares of Intel dropped 7 percent following mixed earnings and weak first-quarter guidance. The semiconductor-maker reported $18.66 billion in revenue, compared to the $19.01 billion estimated by analysts. Earnings per share were $1.28, slightly higher than the $1.22 estimated on the Street. The company issued
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Photographer: Zach Gibson/Bloomberg© 2018 Bloomberg Finance LP Billions being skimmed from 401k retirement investors. A knowledgeable insider with compelling evidence ready to blow the whistle on a market leader. Ongoing systemic fraud that needs to be addressed immediately to protect the retirement security of millions of Americans. That’s the whistleblower case I’ve been working on
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Photographer: Victor J. Blue/Bloomberg© 2018 Bloomberg Finance LP Last Friday, Treasury finalized its regulations for the special 20-percent tax deduction for income from pass-through businesses, which was added by the 2017 Tax Cuts and Jobs Act (TCJA).  Treasury largely retained its guidance from last August, which significantly expanded the scope of eligible businesses.  But the
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Jerome Powell, chairman of the U.S. Federal Reserve (Fed), speaking at a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on December 19, 2018. (Photocredit: Andrew Harrer/Bloomberg).© 2018 Bloomberg Finance LP The U.S. Federal Reserve (Fed) will maintain the target range for the federal funds rate at 2.25% to
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Microsoft’s cloud business is taking full advantage of the growing fear of Amazon, announcing on Thursday its latest deal with a big retailer. Microsoft said it signed a three-year agreement with Albertsons, the supermarket chain and parent of Safeway and Vons, to make Microsoft Azure the grocer’s preferred public cloud. The partnership comes a little
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