Investing

Shares of Nike fell more than 1 percent on Monday following a tweet from California-based lawyer Michael Avenatti alleging Nike’s involvement in a “major high school/college basketball scandal.” Nike’s stock reacted negatively to the following tweet from Avenatti: tweet Following the tweet, law enforcement officials put out a statement that Avenatti was arrested and faces
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Wall Street is scrambling to figure out what the conclusions of special counsel Robert Mueller‘s long-awaited investigation measn for the stock market. While many investment and equity strategists told CNBC that Attorney General William Barr’s letter about Mueller’s report relieves a persistent concern, few had expected a disastrous outcome for President Donald Trump. “No one
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People don’t necessarily give to charity because of tax benefits, but it doesn’t hurt. However, the new tax law, among other things, has eliminated or sharply reduced the benefits of charitable giving for many would-be donors. Even though the deduction for donations is unchanged, you still need to itemize to claim it, and that’s a
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CVS Health CEO Larry Merlo told CNBC Thursday that the health chain is unlocking growth opportunities despite the stock’s downward trend since officially merging with Aetna in November. The company has made “tactical execution” changes to its long-term care business that has faced “intense financial pressure,” he said. The skilled nursing unit came from CVS’
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Federal Reserve Chairman Jerome Powell changed course and finally made the correct policy decision by indicating the Fed is stalling interest rate increases for the year, CNBC’s Jim Cramer said Thursday. “I thought that Jay was great [Wednesday],” Cramer told “Squawk Box,” referring to Powell’s news conference at the conclusion of the central bank’s two-day
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Yoga pants and leggings maker Lululemon is a bright spot in retail today, with plenty more runway for sales growth, according to one investment bank. Barclays, in a note to clients this week, is calling out Lululemon‘s growing share of the athletic apparel market, its increasing investments in men’s merchandise like boxer shorts, and unique
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The college admissions scandal is coming at a bad time for higher education, which has already seen its reputation tarnished by other issues like student debt, said Sheila Bair, former president of Washington College. “I really hope colleges understand that their reputations are really on the line here. The public is losing faith and they
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