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Monthly Archives: November 2019

The move to free stock trading led to a big jump in new accounts for Charles Schwab

A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Free trading is paying off for brokerage firm Charles Schwab. In the same month the firm dropped trading commissions, Schwab added 142,000 new brokerage accounts, 31% more …

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Customers cautious due to trade war, Brexit

Cisco Systems Chairman and CEO Chuck Robbins told CNBC on Thursday the company’s larger customers are pausing their spending plans due to global economic uncertainties. “They’re just expressing caution that they’re concerned about what’s going on in the macro environment,” Robbins said on “Squawk on the Street.” Dow stock Cisco …

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The market’s 10-year run became the best bull market ever this month

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The longest bull market in history is also the best ever. The current market boom, which started March 9, 2009, has enjoyed a whopping 468% gain for the S&P 500 through the first day of …

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US billionaires could lose tens of billions under Democratic tax plans

Source: taxjusticenow.org Jeff Bezos out $107 billion. Warren Buffett short $77 billion. That’s how much the net worth of each man would have been cut since the 1980s if Sen. Bernie Sanders’ tax policy had been adopted at the time, according to two University of California economists who study the …

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‘We need even more progress on Walmart.com’

Doug McMillon, CEO of Walmart. Adam Jeffery | CNBC Walmart is admitting it still has work to do online. The big-box retailer said Thursday that its e-commerce sales were up 41% during the latest quarter, thanks to a strong grocery business. But CEO Doug McMillon said in a statement: “We …

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German economy narrowly avoids technical recession

Germany has narrowly avoided a technical recession, after the latest figures showed the country’s economy grew by 0.1% in the third quarter. Germany’s GDP (gross domestic product) rate exceeded the -0.1% contraction expected by analysts. On an annual basis, the economy grew by 0.5% from July to September, the Federal …

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Credit Suisse raises Disney price target, subscriber estimates after strong Disney+ debut

In this photo illustration, the Disney + logo is displayed on the screen of an Apple MacBook Pro computer on November 08, 2019 in Paris, France. Chesnot | Getty Images Credit Suisse raised its outlook for Disney shares after the company released the “remarkable” first-day numbers for its new Disney+ …

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This is Walmart’s ‘Achilles heel,’ expert says ahead of Q3 earnings

Walmart could be about to hit a wall. The world’s largest brick-and-mortar retailer is scheduled to report its fiscal third-quarter earnings on Thursday before the opening bell, and Wall Street experts are watching closely for any word on China, the Amazon.com rivalry or the state of the U.S. consumer. But …

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‘The Survivors’ Unpacks a Family’s Trauma

Adam Frankel was part of Barack Obama’s speechwriting team from the beginning of Obama’s presidential campaign through his first term in the White House. But Frankel’s memoir, while it offers glimpses of his interactions with Obama and of his time in government, is about something far more personal than his …

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Schiff refers ‘CrowdStrike conspiracy,’ stock jumps 11%

George Kurtz, co-founder and chief executive officer of Crowdstrike speaks during a global technology conference in Laguna Beach, California, Oct. 17, 2017. Patrick T. Fallon | Bloomberg | Getty Images Hours after Rep. Adam Schiff led off the impeachment hearing on Wednesday with reference to the “discredited 2016 CrowdStrike conspiracy …

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