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Monthly Archives: January 2019

Tesla to stop sales of lowest-priced Model S, X cars

Justin Sullivan | Getty Images Brand new Tesla Model S cars sit on front of a Tesla showroom on August 2, 2017 in Corte Madera, California. Tesla will report second-quarter earnings today after the closing bell. Tesla will stop selling the lowest-priced versions of its Model S sedans and Model …

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Beijing reports December PPI, CPI as US-China trade talks end

ChinaFotoPress | Getty Images Residents shopping in a supermarket on August 9, 2013 in Lianyungang, Jiangsu Province of China. China’s inflation rose less than expected for the month of December, official data showed on Thursday. The country’s December producer inflation rose 0.9 percent on-year, lower than the 1.6 percent economists …

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Eddie Lampert reportedly submits revised bid of roughly $5 billion to save Sears from liquidation

Daniel Acker | Bloomberg | Getty Images Shoppers exit a newly renovated Sears Holdings Corp. store in Oak Brook, Illinois. Sears Chairman Eddie Lampert has submitted a revised bid of roughly $5 billion in a last-ditch attempt to save the retailer from liquidation, according to a person familiar with the …

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Stock market comeback faces big test with earnings season starting

Earnings season may not be the club for stocks it could have been had the market not gotten so beaten down. But it could be a period when the stock market is put to the test, as companies discuss trade, slowing global growth and other issues that have shaken investor …

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Bed Bath and Beyond soars more than 20% on improved 2019 earnings guidance

Diane Macdonald | Getty Images Bed Bath & Beyond, a home goods store, at Jacksonville Beach, Florida Bed Bath & Beyond said it is ahead of its long-term financial goals in its quarterly earnings released on Wednesday. The stock soared more than 20 percent after hours. The company said it …

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Trump calls meeting with Chuck Schumer and Nancy Pelosi a ‘total waste of time’ after he storms out

President Donald Trump on Wednesday stormed out of a meeting with House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer over an ongoing partial government shutdown, calling it “a total waste of time.” The breakdown in already fraught negotiations over border wall funding, which have kept nine federal agencies …

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There’s a new wave of tech stocks taking the markets by storm

It could be in with the new and out with the old when it comes to technology this year. While many large-cap tech names have started the year off strong, there’s a wave of smaller, more new-age tech stocks that have seen a huge rally. Companies like Twilio, Etsy, Square, …

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J.P. Morgan CEO Jamie Dimon talks Amazon at JPM 2019 private dinner

Andrew Harrer | Bloomberg | Getty Images Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., listens during a Business Roundtable CEO Innovation Summit discussion in Washington, D.C., U.S., on Thursday, Dec. 6, 2018. J.P. Morgan Chase CEO Jamie Dimon hosted a private dinner for pharmaceutical executives …

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Food stamp benefits guaranteed through February despite shutdown

Helen H. Richardson | Denver Post | Getty Images United States Secretary of Agriculture Sonny Perdue, right, listens during a round table discussion with local Colorado vegetable growers on May 15, 2018 in Brighton, Colorado. U.S. Agriculture Secretary Sonny Perdue is visiting Colorado as part of a tour highlighting Trump …

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AT&T shares stumble after rivals T-Mobile, Verizon pick up new subscribers

Kena Betancur | AFP |Getty Images People walk past an AT&T store in New York on October 23, 2016. Shares of telecom giant AT&T stumbled Wednesday after rivals T-Mobile and Verizon crushed expectations for new subscribers. Traders seem to be predicting a zero-sum game among the cable providers. Growth by …

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