As Amazon encroaches on nearly all aspects of retail, CNBC’s Jim Cramer found himself asking a key question: “To be Amazon’ed or not to be Amazon’ed?” “It’s almost eerie that one company could play such a huge role in both the economy and, yes, for Cramerica, the stock market,” the “Mad Money” host said. “As
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The Navy said Friday an aircrew in the Pacific Northwest was responsible for creating lewd skydrawings. The incident comes amid raised awareness about sexual harassment in the workplace and even assaults. “The Navy apologizes to anyone who was offended by this unacceptable action,” a Navy spokesperson told CNBC in an email statement. The event happened
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This has been a good year for the global economy, and 2018 will follow that trend, analysts at Goldman Sachs said. Economic growth around the world has picked up steam this year. Germany — Europe’s largest economy — grew an unexpectedly strong 0.8 percent in the third quarter. In Japan, the economy has grown for
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The website of Generosity, a platform for “socially conscious fundraising” owned by Indiegogo, states that donors should contact campaign organizers to determine if donations are tax deductible. The website advertises campaigns that claim to benefit registered nonprofits alongside campaigns that make no such claims. Donations can even create unintended headaches for recipients. If a beneficiary
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Senate Republicans are keeping seven income tax brackets in their tax overhaul, but they are changing the rates that would apply to your income. Under current law, the seven tax brackets are 10 percent, 15 percent, 25 percent, 28 percent, 33 percent, 35 percent, and 39.6 percent. In the latest version of the Senate tax
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Abercrombie & Fitch posted quarterly same-store sales growth after more than a year of declines and forecast robust sales for the holiday quarter, as its California-themed surfwear brand Hollister helped revive the retailer. Shares of the company, which also beat its third-quarter net sales and profit estimates, jumped 25 percent to $15.09 in premarket trading
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Luke Sharrett | Bloomberg | Getty Images Nike sneakers sit on display at a Foot Locker store inside the South Park Mall in Strongsville, Ohio, March 4, 2014. Shares of sports retailers soared on Friday after Foot Locker, Shoe Carnival, and Hibbett Sports reported better-than-expected quarterly profits. Foot Locker, up 22 percent, was the most
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Tesla shares rose more than 3 percent in premarket trading Friday after J.B. Hunt Transport Services announced it has reserved “multiple Tesla Semi tractors.” “We believe electric trucks will be most beneficial on local and dray routes, and we look forward to utilizing this new, sustainable technology,” John Roberts, president and chief executive officer at
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Sessions, who was the first senator to endorse Trump’s presidential bid, said during his confirmation hearing that he “did not have communications with the Russians.” Following reports that Sessions had met twice with Kislyak during the campaign, Sessions issued a letter to Congress saying his previous testimony had been “correct,” but acknowledged the two incidents.
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Intuitive Surgical’s robots will expand to new applications and boost the company’s sales, according to a top Wall Street firm. Goldman Sachs reiterated its buy rating for the surgical robot maker, predicting the company will report earnings above expectations next year. “Our latest checks with management and physician users leave us incrementally bullish on the
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Some dealers say the buyer is likely an American, since there is only one da Vinci in the U.S. — currently at the National Gallery in Washington — and it would make sense for a billionaire to buy it and donate it to a museum in New York or L.A. Others say the price suggests
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