There’s plenty of room in investors’ stock portfolios for both Coca-Cola and Pepsi, CNBC’s Jim Cramer said Friday. “I would say the ‘cola wars’ have ended, so everybody’s making money in cola,” said Cramer, whose charitable trust owns shares of Pepsi. The “cola wars” refers to a longtime on-again-off-again rivalry between Coca-Cola and Pepsi, in
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Wall Street is apparently done panicking over Apple. And now that the stock has bounced back from recent lows, three of the company’s advantages — popularity in China, a growing services business and a war chest of cash — provide a clear path forward, according to GBH Insights analyst Dan Ives. “[O]n the heels of
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Kraft Heinz’s quarterly revenue missed analysts’ expectations on Friday on weakening demand from retailers in the United States for processed foods such as peanuts and cheese. The company, which owns brands such as Velveeta cheese and Heinz ketchup, said net sales inched up 0.3 percent to $6.88 billion in the fourth quarter ended Dec. 30.
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U.S. tractor maker Deere said on Friday net sales and revenues rose 23 percent year-on-year to $6.91 billion in the quarter ending Jan. 28. The Moline, Illinois-based company said adjusted net income was $430.0 million, or $1.31 per share, in the quarter. This turned into a net loss of $535.1 million, or $1.66 per share,
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Coca-Cola beat analysts’ expectations on the top and bottom lines on Friday, as bets on new launches like Coke Zero helped counter shifts away from its core beverages. Here’s how the company did compared with expectations in a survey of analysts by Thomson Reuters: EPS: 39 cents vs. the expected 38 cents. Revenue: $7.51 billion
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In a sentiment-driven market like bitcoin, key price levels such as $10,000 appear to attract new buyers and help the price. Bitcoin climbed back above $10,000 Thursday for the first time in two weeks. The cryptocurrency had lost two-thirds of its value in a rapid plunge from a record high above $19,000 in mid-December to
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Japan‘s two cryptocurrency industry groups are planning to merge to form a self-regulating body, seeking to better safeguard investors after last month’s $530 million heist of digital money, sources involved in the negotiations said. The Japan Blockchain Association and the Japan Cryptocurrency Business Association are expected to merge as early as April, the sources said.
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Shares of Shake Shack whipsawed after the closing bell on Thursday after the company posted better-than-expected fourth-quarter earnings, but provided cautious sales guidance. The stock was up as much as 5.3 percent before it turned negative, slipping 4 percent. The sudden stock downturn was likely the result of the company providing weaker revenue and same-store
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CBS reported fourth-quarter earnings and revenue that beat analysts’ expectations on Thursday. Here’s how the company did compared with what Wall Street expected: EPS: $1.20 vs. $1.14 expected according to Thomson Reuters Revenue: $3.92 billion vs. $3.70 billion expected according to Thomson Reuters Entertainment revenue: $2.82 billion vs. $2.59 billion expected by StreetAccount Cable networks
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If you are nearing retirement, you could fall prey to common misconceptions about Medicare. And that can lead to costly errors. “Medicare is very complicated and confusing,” said Diane J. Omdahl, co-founder and president of 65 Incorporated, a provider of Medicare software and consulting services. “The people who are turning 65 are at the biggest
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As we move farther and farther down the road toward a cashless society, consumers can use credit cards to pay for nearly everything, everywhere these days. But just because you can doesn’t mean you necessarily should, warns credit reporting agency Experian. Outstanding card debt has now hit its highest point ever, surpassing $1 trillion in
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Public school superintendents listen up. Abington High School, outside Philadelphia, just got one of its former students, billionaire private equity titan and philanthropist Steve Schwarzman, to donate $25 million. How did the school do it? Schwarzman, co-founder of Blackstone Group, told CNBC on Thursday: “I was asked. That’s always the way something happens.” “It starts
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