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Monthly Archives: June 2019

Is value investing dead? It might be and here’s what killed it

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 30, 2019. Brendan McDermid | Reuters Value investing might have lost its value. The classic factor investing strategy of picking stocks with cheap book valuation, embraced by the legendary Warren Buffett, has become …

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Refinery fire and blast should drive up gasoline prices in some places

Gas prices at the pump should rise for East Coast drivers after a massive explosion Friday affected operations at a Philadelphia refining complex responsible for as much as 27% of the region’s fuel production How much prices jump depends on the extent of damage and the length of the outage, …

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‘Sanctuary’ policies won’t stop Trump’s deportation plans

Sanctuary cities could throw a wrench into President Donald Trump’s latest order to ramp up deportations of undocumented immigrants. The president on Monday tweeted that his administration would be deporting millions of undocumented immigrants beginning next week, sparking fear in immigrant populations and their allies across the country. The president’s …

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Amazon one-day shipping for Prime members increases spend, loyalty

An Amazon Prime package  Andrew Harrer | Bloomberg | Contributor Amazon shoppers that get same-day delivery are likely to spend and shop more on the e-commerce site compared to non-same-day delivery users, according to a recent survey by investment firm RBC Capital. The survey data shows why Amazon is heavily …

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Givling trivia app offers student debt payouts. Players say it’s risky

ABRA BELKE WAS IN LAW SCHOOL when she came across the Givling app, which calls itself “the world’s most incredible trivia game.” It promised winners payments toward their student debt. Belke was interested. Her student loan balance was more than $100,000 and she had previously won $62,000 on the syndicated …

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YouTube rolls out augmented reality for viewers to try on makeup

Young shoppers browse makeup products at an Estee Lauder MAC Cosmetics store. Kiyoshi Ota | Bloomberg | Getty Images Google-owned YouTube announced on Tuesday that it will begin using augmented reality to allow viewers to try on makeup as they’re watching videos. With AR Beauty Try-On, a viewer can see …

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These stocks — including Home Depot and Verizon — are big winners when rates drop

A Home Depot employee is seen outside a store in Los Angeles, California. Lucy Nicholson | Reuters The collapse in bond yields has helped lift the stock market to a record high this week. History shows, there are certain stocks that could be the biggest winners from declining rates. On …

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PwC says US companies expected to spend 6% more on health care next year

A pharmacist fills out prescription in New York City. Yvonne Hemsey | Hulton Archive | Getty Images The presidential hopefuls aren’t the only ones eyeing health care issues for 2020. Large employers are putting together benefit plans for next year, and they are expecting the rise in employee health costs …

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No rate cut expected until 2020

Jerome Powell, chairman of the U.S. Federal Reserve. Andrew Harrer | Bloomberg | Getty Images The Federal Reserve on Wednesday said it does not expect any rate cuts this year, but did forecast one for 2020. The U.S. central bank’s median target for the federal funds rate is still 2.4% …

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