Americans are diving deeper and deeper into the red. As of this month, outstanding consumer debt exceeded $4 trillion for the first time, according to the Federal Reserve. Relatively strong holiday spending, particularly in November, and increasing credit card debt added more than $41 billion in outstanding balances at the end of 2018, according to
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Domino’s on Thursday reported quarterly earnings and revenue that missed analysts’ expectations. Shares of the company plunged 8 percent in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $2.62, adjusted, vs. $2.69 expected Revenue: $1.08 billion vs. $1.10
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Check out the companies making headlines after the bell: Avis Budget shares soared nearly 11 percent after hours Wednesday following the release of the rental car company’s fourth-quarter earnings beat. Earnings per share were 53 cents, beating estimates of 37 cents. Revenue was posted as $2.05 billion, compared to the $2.04 forecast by analysts surveyed
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Embattled German lender Deutsche Bank lost $1.6 billion on a single bond trade that involved insurance from Warren Buffett’s Berkshire Hathaway, according to the Wall Street Journal. The bank bought a $7.8 billion portfolio of municipal bonds in 2007, according to the report. Deutsche Bank bought default protection on the bonds from Berkshire the following
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Disney and Nestle have paused advertising on YouTube after reports of a pedophile network rampant in the comments of monetized videos, according to Bloomberg. Fortnite maker Epic Games has also paused some advertising, a spokesperson confirmed to CNBC. The controversy stems from reports that pedophiles have latched onto videos of young children, often girls, marking
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Amtrak is planning to boost its ridership by revamping its national network of passenger trains, which could bring changes to its storied long-distance routes. The train service wants to target the fastest-growing parts of the country with more frequent trains between cities, the Wall Street Journal reported Wednesday. Mimicking its popular Northeast Corridor route, which
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of U.S. Steel. Brian Kelly was a buyer of Freeport-McMoRan. Karen Finerman was a buyer of Target. Guy Adami was a buyer of Newmont Mining. Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF, AMZA, ACB, APC, APH,
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Garmin reported quarterly results that beat Wall Street estimates on Wednesday on the back of higher demand for its smartwatches and navigation systems and forecast full-year revenue above expectations. Shares of the company rose 4.2 percent to $73.97 in light trading before the bell. Garmin, which started as a navigation device maker, has benefited in
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CVS Health on Wednesday reported mixed fourth-quarter results. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $2.14, adjusted, vs. $2.05 expected Revenue: $54.42 billion vs. $54.58 billion expected For the full year of 2019, CVS forecasts adjusted earnings between $6.68
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A Chinese state-run newspaper claimed in an editorial published late Tuesday that the U.S. faces greater pressure to resolve its ongoing trade war with China because failed negotiations would likely have major consequences for stocks worldwide. On Tuesday, the S&P 500 rose after U.S. President Donald Trump again indicated the world’s two largest economies might
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