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Monthly Archives: September 2019

Court jails man who walked out of Moscow art gallery with million-dollar masterpiece

FILE PHOTO: A screen grab taken from video footage shows a man walking with a painting by prominent artist Arkhip Kuindzhi at Tretyakov art gallery in Moscow, Russia January 28, 2019. Reuters Tv/via REUTERS MOSCOW (Reuters) – A man who stole a Russian masterpiece worth about $1 million from a …

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Street says impeachment isn’t a threat to Trump, but could mire trade

U.S. President Donald Trump and Chinese President Xi Jinping at the G20 Summit in Hamburg, Germany on July 8, 2017. Saul Loeb | AFP | Getty Images Investors shouldn’t worry about what a formal impeachment inquiry into President Donald Trump could mean for his current term or even his re-election …

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These retailers are trading at their cheapest level in a decade

A handful of retailers are on sale. Ralph Lauren, Nordstrom, Victoria’s Secret parent L Brands, and Urban Outfitters are trading at their lowest forward multiples in around a decade. That low valuation pushed Atlantic Equities to get bullish on Ralph Lauren on Tuesday. All have underperformed the market this year …

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Major climate report discovers rapid ocean warming is causing ‘heatwaves’

People walk the flooded waters Hopper Rd. on September 19, 2019 in Houston, Texas. Gov. Greg Abbott has declared much of Southeast Texas disaster areas after heavy rain and flooding from the remnants of Tropical Depression Imelda dumped more than two feet of water across some areas. Thomas B. Shea …

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Credit Suisse says Netflix earnings are likely going to disappoint

A remote control is seen being held in front of a television running the Netflix application Jaap Arriens | NurPhoto | Getty Images Credit Suisse just joined a slew of analysts worried about Netflix’s earnings. Shares of the streaming video giant turned negative for the year this week, prompting many …

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The No. 1 reason millennials are struggling to save for retirement

Most millennials, 66%, don’t feel on track when it comes to saving for retirement. That’s according to a 2019 TD Ameritrade report, which surveyed 1,015 U.S. adults aged 23 and older with at least $10,000 in investable assets. When asked why they’ve fallen behind on their retirement savings, the No. …

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70% of workers are likely to quit at current federal minimum wage

Fast food workers and supporters protest to raise the minimum wage for fast food workers to $15 dollars an hour. James Leynse | Corbis Historical | Getty Images For the more than six million small businesses nationwide, employee turnover can be a brutal expense. In fact, nearly one in three …

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2020 presidential race gives UAW powerful bargaining chip in GM strike

United Auto Workers picket outside of General Motors’ truck plant in Flint, Mich., on Sept. 16, 2019. Michael Wayland / CNBC DETROIT – The 2020 presidential race is becoming an unexpected tool for the United Auto Workers in its strike against General Motors. While President Donald Trump has remained neutral …

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Netflix stock turns negative for 2019, but trader foresees bigger drop

Netflix just entered the upside-down. The stock tumbled into negative territory for the year in recent days as increasing streaming competition from the likes of Disney, Apple and Comcast spooked investors. By Tuesday’s close, it was down 5% in 2019. At its May peak, it was up 46%. “It isn’t reacting …

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Rules should change in Air Force rocket contracts race

Blue Origin tests one of the BE-4 rocket engines the company is developing to launch its New Glenn rocket. Blue Origin | gif by @thesheetztweetz Billions of dollars in contracts are at the finish line, but there’s a catch: Only half of this race’s runners will be allowed to cross …

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