Month: March 2021

Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix on Monday reported a narrower-than-expected loss for its latest quarter, but the company missed analysts’ expectations for revenue and outlook as shipping delays and lower customer spend ate into sales. The stock plunged 20% in extended trading. The styling service lowered its revenue
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The Nasdaq rebound may last shorter than a New York minute. Wharton School finance professor Jeremy Siegel sees near-term trouble, saying the backdrop is dramatically supporting the reopening trade over Big Tech and growth plays. “I’ve been extremely bullish here for nine months,” he told CNBC’s “Trading Nation” on Tuesday. ”This stock market still has a
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VioletaStoimenova | E+ | Getty Images Out of sight, out of mind. For many people, that’s how their employer-offered 401(k) plan works. The employee chooses from a limited menu of investment options and, as long as the account continues a generally upward trajectory, the average investor has no reason to question their investment strategy nor any
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Data centers are primed to set growth records this year, according to a new report from commercial real estate company CBRE. The buildings aren’t pretty. They’re big, boxy and nondescript. But they’re attractive real estate because they’re essential to how we live these days, housing the infrastructure that fuels everything from shopping online to working
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Sen. Pat Toomey told CNBC on Tuesday he welcomes stock-trading apps that make investing seem more approachable, rejecting complaints by some that brokerages like Robinhood have led to the so-called “gamification” of the equity market. The Pennsylvania Republican made the comments on “Squawk Box” ahead of Tuesday morning’s Senate Banking Committee’s hearing on retail investors and
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Supoj Buranaprapapong | Getty Images It’s always nice getting a raise, but it could affect your ability to save for retirement through your 401(k) plan. Highly compensated employees — those making more than $130,000 annually — may not be able to contribute the maximum to their tax-deferred retirement plan if their lower-paid colleagues aren’t diligently
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Avatar Source: Walt Disney Studios It seems “Avatar” will be heading back to Chinese theaters this weekend, according to a report from The Hollywood Reporter. Originally part of the rereleases preapproved by China’s Film Bureau in 2020, the 2009 sci-fi epic remained in Disney’s vault during the ongoing pandemic. While China has been able to
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A Dick’s Sporting Goods store Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday topped Wall Street’s estimates, as shoppers continued to buy equipment and apparel for outdoor activities and home workouts during the pandemic. Shares plummeted by nearly 9% in premarket trading, however, as the company forecast that sales trends will
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