Investing

Check out the companies making headlines before the bell: Foot Locker – The athletic apparel and footwear retailer reported adjusted quarterly profit of $1.45 per share, 20 cents a share above estimates. Revenue also beat forecasts, but comparable-store sales fell by 2.8 percent — that was smaller than the Thomson Reuters consensus estimate of a
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President Donald Trump’s decision Thursday to cancel the Singapore summit with North Korea‘s leader sent the price of gold higher as global investors sought safety. Bridgewater Associates founder Ray Dalio shared a specific game plan last year during a time period of rising tensions between the U.S. and North Korea. The investor recommended gold as
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CNBC’s Jim Cramer said Wednesday that he wouldn’t count out Comcast Chairman and CEO Brian Roberts on a successful bid for Twenty-First Century Fox assets just yet. “What Brian Roberts wants he tends to get,” Cramer, whose charitable trust owns shares of Comcast, said on “Squawk Box.” He added that he hopes a Fox deal
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Getty Images People walk by the newly opened Nordstrom menÕs store, the companyÕs first-ever Manhattan location in midtown at 57th and Broadway on April 12, 2018 in New York City. Nordstrom’s recent earnings sell-off presents a compelling buying opportunity, according to Deutsche Bank, which upgraded the stock to a buy rating and called the drop
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Edgar Su | Reuters A woman pays for her coffee with cryptocurrency at Ducatus cafe, the first cashless cafe that accepts cryptocurrencies such as Bitcoin, in Singapore December 21, 2017. Just over a month ago, the ARK Innovation ETF (ARKK) took home ETF.com’s “ETF Of The Year” award for delivering on its purpose of serving
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Oil prices are surging this year, and the last decade shows that several energy stocks have performed well during similar periods of rising crude prices. The outperformers run the gamut, from refiners like Andeavor and Phillips 66, to independent U.S. drillers like Concho Resources and Pioneer Natural Resources, down to drilling contractors like Helmerich and
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Steve Eisman, the investor whose forecast of the financial crisis was depicted in “The Big Short,” criticized a German bank and digital currencies on CNBC’s “Squawk Box” Thursday. The Neuberger Berman portfolio manager confirmed his fund is short Deutsche Bank. “Deutsche Bank has a very simple problem. It doesn’t make money. That’s a pretty shocking
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Akio Kon | Bloomberg | Getty Images Attendees play Activision Blizzard Inc.’s Overwatch computer game at the AOC Open e-Sports event in Tokyo. Morgan Stanley revealed its 30 best long-term stock picks on Wednesday, predicting choppy, range-bound equity trading at the index level to come. “We have tried to identify the best franchises, not the
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