Tech behemoths Google and Amazon are poised to put competitive pressure on traditional banks in the small business lending arena, one of former President Barack Obama‘s cabinet members said Tuesday. Karen Mills, who served as Obama’s administrator for small businesses, told CNBC that the tech giants would probably push to disrupt the market and deal
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Daniel Acker | Bloomberg | Getty Images An employee removes a pizza from the oven at a Domino’s Pizza restaurant in Rantoul, Illinois. Shares of Dominos fell 5 percent Thursday after the company beat earnings but disappointed some optimistic investors who were hoping for even better growth. Even though the company reported 8.4 percent domestic
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The total value of all bitcoins in existence (roughly 16.6 million) stands at about $86 billion. Add in the other few hundred cryptocurrencies and it’s a $155 billion market. Yet these new assets comprise just a fraction of the world’s multitrillion currency market. And as a new asset with a smaller pool of investors, cryptocurrencies
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Target shoppers nationwide will now be able to make purchases on Google Express, after a successful test on the platform in California and New York, the company announced Thursday. The big-box retailer is among several that are deepening their relationships with Google‘s voice-activated shopping platform in a battle for market share against Amazon‘s Alexa-enabled devices.
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After back-to-back storms pummeled Texas, Florida and Puerto Rico, many people upped their charitable contributions for 2017. Now it’s time to reap the tax benefit. Daniel Borochoff, president of CharityWatch.org, predicts donations could surpass last year’s record high, driven primarily by overall economic growth, although the recent disasters will also play a role. “The giving
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Domino’s, the biggest U.S. pizza delivery chain, reported slower same-store sales growth in the third quarter, sending its shares down 3 percent in premarket trade. The company’s comp-store sales growth at its own restaurants slumped to 8.4 percent from 13.8 percent a year earlier. Still, it beat the 6.6 percent rise expected by analysts polled
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Health insurance is a very big topic for the 30-something clientele Roberge at Beyond Your Hammock serves. The questions he asks include: Have the premiums or coverage changed? Should you switch to a high-deductible plan? If you use a health savings account, does the company contribute to it, too? Roberge finds that clients often don’t
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Citi reported a 3 percent year-over-year increase in global consumer banking revenue. In North America, retail banking revenue rose 12 percent, excluding mortgages. Citi cited “continued growth in loans and assets under management,” as well as higher interest rates. The bank’s international consumer business saw an 8 percent revenue increase, driven by higher loans and
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China’s new digital barons are rising. One of its most ambitious global deal makers is falling. And a property mogul who likes to borrow heavily is on top. Xu Jiayin — an entrepreneur behind China Evergrande Group, one of the country’s most aggressive property developers — has become the country’s richest person, according to a
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Check out the companies making headlines after the bell: Herbalife‘s stock rose about 1 percent in extended trading after an SEC filing showed that investor Carl Icahn boosted his stake in the company to 26 percent. In March, he reported a stake of about 24.5 percent. Juniper Networks‘s shares fell more than 2 percent after
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You’re better off renting with a roommate than buying your first home alone in cities such as San Jose and San Francisco, California, and Austin, Texas, according to a recent report by online real estate site, Trulia. When conducting their analysis, Trulia assumed buyers would be taking on a 30-year fixed rate loan, front a
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General Motors is “well positioned” as a future mobility leader thanks to its extensive autonomous vehicle research and production, UBS research said. UBS reiterated its buy rating on the company’s shares and raised its price target, citing GM’s leadership in developing automotive technology through its AV unit as well as opportunities in the ride-hailing business.
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Though jokes about the culture merger abound — images of drones delivering kale — analysts widely predict that Whole Foods will eventually deliver groceries ordered from a section of the Amazon site. A logistically simpler synergy would be for shoppers to order from a Whole Foods section of the Amazon site and then pick up
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