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Monthly Archives: November 2019

Dollar Tree shares tank 13% after discount retailer cuts forecast, blaming tariffs

Gary Philbin, CEO, Dollar Tree Scott Mlyn | CNBC Dollar Tree just signaled for a disappointing holiday earnings quarter thanks to U.S.-China trade war tariffs, sending shares cratering on Tuesday. The discount retailer said the tariffs slapped on Chinese imports will add $19 million, or 6 cents per share, to …

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How advisors can help clients through high-stakes Medicare decisions

A senior citizen holds a sign during a rally to protect federal health programs at the 8th Annual Healthy Living Festival on July 15, 2011 in Oakland, California. Justin Sullivan | Getty Images For most people, signing up for Medicare is a retirement rite of passage. But as they turn …

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Expect Thanksgiving travel delays as 55 million hit roads, rails, skies

Masses of vehicles move slowly on the Montrose Ave overpass at the 1-90 Kennedy Expressway and the I-94 Edens Split the day before Thanksgiving in Chicago, Illinois. (Photo by Patrick Gorski/NurPhoto via Getty Images) Patrick Gorski | NurPhoto | Getty Images There will be little chance of escaping the crowds …

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Biotech is busting out, but trader says managed-care stocks are best

There’s a burgeoning breakout in one corner of health care. The IBB biotech ETF has surged 6% over the past week, roughly triple the gains on the broader XLV health care ETF. Ari Wald, head of technical analysis at Oppenheimer, expects the group to continue to grind higher. The IBB …

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Stephen Roach on manufacturing, supply chain shifts amid trade war

A Chinese manufacturing worker. TPG | Getty Images SINGAPORE — U.S. companies aren’t likely to pack up their manufacturing operations in China and move them back home amid the trade war between Washington and Beijing, according to a prominent economist. That’s because supply chains are “very difficult to put together, …

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Global car sales expected to slide by 3.1 million this year in biggest drop since recession

Imported automobiles are parked in a lot at the port of Newark, New Jersey, February 19, 2019. Eduardo Munoz | Reuters Car sales around the world are expected to see their steepest year-over-year decline in 2019 since the financial crisis as consumer demand from the U.S. to China softens. Global …

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In ‘Labyrinth,’ a Musician With Amnesia Loses Life’s Rhythm

“What if I never get an answer?” wonders Boratin Bey, the protagonist of the Turkish writer Burhan Sonmez’s short, provocative novel “Labyrinth.” The question, posed time and time again, has serious implications for him and for us. We first meet Boratin, a resident of Istanbul in his late 20s, at …

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Small caps break out to new high for the year in positive sign for the whole stock market

The small cap Russell 2000 index jumped to a fresh 52-week high Monday, signaling small stocks may be set up for a breakout that could help lift the entire market. The Russell 2000 closed at 1,621.90, a 2% gain, and the highest close since Oct. 9, 2018. The S&P 500, …

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Best Buy earnings, housing, consumer confidence

A salesman carries a Best Buy shopping basket in San Francisco, California. Getty Images Here are the most important things to know about Tuesday before you hit the door. 1. Best Buy earnings on deck Best Buy reports third quarter earnings before the bell on Tuesday. Morgan Stanley is expecting …

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These are the retirement numbers you need to know for 2020

Guido Mieth | DigitalVision | Getty Images With a New Year comes a new start, and your retirement is no exception. That’s because the limits for pre-tax saving have gone up for aspiring retirees. And those already in retirement will see a modest boost to their Social Security retirement benefits, …

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