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Chipotle stock to pop as new foods, digital platforms revive brand

New management at Chipotle Mexican Grill will grow sales at the burrito chain through an improved menu, digital and delivery offerings and other marketing successes, according to RBC Capital Markets, which upgraded shares to outperform. But investors may need to wait until next year before they see the actual results …

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Wedbush’s Ives sees big iPhone numbers

David Paul Morris | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple Inc., waves after speaking during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 12, 2017. Wall Street has a new biggest Apple bull. Longtime technology analyst Daniel Ives, fresh …

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Treasury Secretary Mnuchin drops out of Saudi conference amid outcry over Khashoggi disappearance

Andrew Harrer | Bloomberg | Getty Images Steven Mnuchin, U.S. Treasury secretary, listens during a Financial Stability Oversight Council (FSOC) meeting at the U.S. Treasury in Washington, D.C., U.S., on Tuesday, Oct. 16, 2018.  Treasury Secretary Steven Mnuchin announced Thursday he will not attend next week’s international investment conference in …

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Prudential Financial shakes off government’s ‘too-big-to-fail’ label

Emile Wamsteker | Bloomberg | Getty Images Prudential Financial Inc. in Newark, New Jersey. The last of the four non-bank financial companies to bear the label “systemically important” has won relief from stricter regulatory oversight. The government’s Financial Stability Oversight Council, a group of market and bank regulators, has removed …

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After-hours buzz: Netflix, IBM and more

Akio Kon | Bloomberg | Getty Images Reed Hastings, chief executive officer of Netflix Inc., right, applauses during a news conference in Tokyo, Japan. Check out which companies are making headlines after the bell on Tuesday: Netflix surged as much as 15 percent after-hours following third-quarter earnings that blew Wall …

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New bosses at Goldman promise ‘front-to-back’ review of all businesses

Andrew Harrer | Bloomberg | Getty Images David Solomon, co-president and co-chief operating officer of Goldman Sachs Group Inc., gives a thumbs-up during a discussion at the Goldman Sachs 10,000 Small Businesses Summit in Washington, D.C., Goldman Sachs’ new management team is taking a hard look in the mirror. The …

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BlackRock earnings Q3 2018

BlackRock, the largest asset manager in the world, reported better-than-expected earnings for the third quarter on Tuesday as its assets under management grew by 8 percent on a year-over-year basis. The asset-management giant posted adjusted earnings per share of $7.52, while analysts polled by Refinitiv expected a profit of $6.84. …

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Adobe, JB Hunt and more

David Paul Morris | Bloomberg | Getty Images People enter the Adobe Systems Inc. office in San Francisco, California. Adobe stock rose nearly 6 percent during after-hours trading after it announced its growth strategy on Monday at its analyst meeting. It estimates that its 2019 revenue to grow 20 percent …

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This chart shows why October has such a scary reputation on Wall Street

There may be one reason why investors fear October so much despite stocks averaging a gain this time of the year: it tends to be the most volatile month of the calendar. On average, the S&P 500 posts a daily move of at least 1 percent on 10.3 percent of …

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Yellen says Fed is being ‘thoroughly sensible’ and not crazy, as Trump says

Carlos Barria | Reuters Federal Reserve Chair Janet Yellen testifies on the U.S. economic outlook, before the Congressional Joint Economic Committee on Capitol Hill, in Washington, D.C., November 29, 2017. Former Federal Reserve Chair Janet Yellen balked at President Donald Trump’s growing attacks on the Fed and expressed confidence in …

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