Business

Nordstrom q2 2018 earnings beat expectations

Nordstrom on Thursday reported earnings in addition to sales for the second quarter that will topped analysts’ expectations in addition to also raised its outlook for the full year, citing momentum in its online business in addition to robust traffic at Nordstrom Rack. Its shares soared more than 13 percent in after-hours trading on the news. Nordstrom’s earnings followed mixed ...

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SEC reportedly investigating whether Elon Musk tweeted about take-private deal to hurt short sellers

The Securities in addition to Exchange Commission will be looking into whether Tesla CEO Elon Musk tweeted about taking the company private in order to hurt those who were shorting Tesla’s stock, according to a report within the Wall Street Journal Thursday. The agency will be pressing Tesla’s board for details on how much information he shared with them prior ...

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Macy’s plunges 16 percent, leads rout in retail stocks sell-off

Shares of retailers took a thrashing Wednesday with Macy’s along with Dillard’s leading the rout, tumbling by 16 percent along with 10.8 percent, respectively. J.C. Penney fell 8.7 percent to $2.41 a share, Kohl’s fell 5.8 percent to $74.39 along with Nordstrom’s fell 5.5 percent to $51.86. Macy’s closed at $35.15 a share along with Dillard’s at $82.98. Even Amazon ...

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WhatsApp’s Jan Koum left Facebook nevertheless can be still employed, vesting stock

WhatsApp cofounder Jan Koum announced his departure coming from the Facebook-owned subsidiary in April, nevertheless he’s still employed, reportedly stalling until his remaining stock options vest. Facebook confirmed to CNBC that will Koum can be still an employee, despite an April Facebook post in which he said the item was time to “move on.” nevertheless The Wall Street Journal reported ...

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FBI alerts banks about potential unlimited ATM heist worth millions

The Federal Bureau of Investigation has warned banks inside U.S. of an impending cybercrime, a heist called an “ATM cash-out,” in which thieves seek to swipe millions of dollars by using cloned ATM cards for fraudulent withdrawals. This specific globally organized effort could be instigated soon, the FBI told banks Friday, with cybercriminals attempting to amass millions of dollars within ...

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Tesla shares down more than 4% on worries about potential SEC probe

Tesla shares fell more than 4 percent Wednesday on continued concern the Securities in addition to also Exchange Commission will investigate the electric car maker. The agency has sent subpoenas to the company over CEO Elon Musk’s recent comments about having secured funding to take Tesla private, Fox Business Network’s Charles Gasparino said Wednesday on Twitter, citing a “company source.” ...

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Here are the best frequent flyer programs inside the U.S.

The U.S. will be “a nation of points hoarders,” a survey on frequent flyer programs by J.D. Power as well as Associates found. Almost three-quarters of respondents to the survey said they save their frequent flyer miles to spend them on big rewards instead of burning them on smaller perks. The ease of earning or redeeming those miles for a ...

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Netflix cost-plus product for TV shows gives the idea a huge revenue upside 

Netflix’s contracts also generally require the production company to pay residuals, or fees to actors and also also also crew when episodes air. Those costs have risen about 300 percent, according to one industry executive, as the structure changed to account for replays on streaming networks as well as TV. In addition, production companies can lose out on significant upside ...

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Amazon in talks about UK insurance comparison website: Reuters

Patrick Fallon | Bloomberg | Getty Images Jeff Bezos, chief executive officer of Amazon.com Inc. Amazon is usually speaking with numerous leading European insurers about the creation of a cost comparison website inside the U.K., Reuters reported Thursday. The report, which cited three executives within the insurance industry, said This kind of was not immediately clear what kind of insurance ...

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