Stitch Fix shares jumped more than 14 percent Wednesday afternoon on speculation via social media that media mogul Oprah Winfrey would be taking a stake in the subscription box company. A representative for Winfrey later told Bloomberg the speculation wasn’t true. Stitch Fix declined CNBC’s request for comment. Stitch Fix’s stock later trimmed back more
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Google-parent Alphabet and online shopping titan Amazon probably will never be members of the Dow Jones industrial average, even though they represent what has become the most dominant sector of the economy. Questions arose Wednesday about the Dow’s composition, a day after the index’s managers said they were pulling General Electric and adding Walgreens Boots
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Shutterstock These exchange-traded funds own equities from diverse emerging markets: Brazil, Russia, India, China and others. Growth will, or should be, rapid in countries that are just now creating a big middle class. But economic growth translates very imperfectly into stock market returns. There’s no reason that the fruits of expansion have to accrue to
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Shutterstock Americans deserve financial advisors who put clients’ interests first. Most people assume advisors do exactly that. They think of their broker or advisor the same way they think of their doctor. Unfortunately, in many cases, they are dead wrong. While doctors must take the Hippocratic Oath, there is no such requirement that brokers promise
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Credit scores greatly impact a consumer’s financial moves — and how much they’ll pay along the way — yet many don’t even know how the rating works. Around 40 percent believe, incorrectly, that age and marital status play a role in their three-digit score, according to the Consumer Federation of America’s credit card survey, which
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Check out the companies making headlines before the bell: Verizon – The telecom giant’s stock was upgraded to “buy” from “hold” at Deutsche Bank, which said fundamentals are improving but the stock price hasn’t yet caught up. Deutsche Bank points to potential from 5G technology and an improving wireless business, among other factors. Tesla –
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A team of five biomedical engineering undergraduates at John Hopkins University (JHU) plan to manufacture and sell a device that they say would achieve the same effect as nasal reconstructive surgery for sufferers of chronic nasal obstruction – a condition that affects tens of millions of Americans. Dubbed Team AssistENT, the five students – including
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