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BUSINESS

Popular tax prep software sent financial information to Meta: report

Meta (formerly Facebook) corporate headquarters is seen in Menlo Park, California on November 9, 2022. Josh Edelson | AFP | Getty Images Popular tax prep software including TaxAct, TaxSlayer and H&R Block sent sensitive financial information to Facebook parent company Meta through its widespread code, known as a pixel, that helps developers track user activity […]

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ENTERTAINMENT

How Spotify stayed No. 1 in streaming music vs. Apple, YouTube, Amazon

Onur Dogman | LightRocket | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Spotify, once a Swedish startup tasked with tackling music piracy issues, is now the most popular audio streaming subscription service in the world. First launched in 2008, the […]

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BUSINESS

Cramer warns growth stocks could see ‘more horror’ after CPI release

CNBC’s Jim Cramer on Wednesday warned that growth stocks could take another beating if the October consumer price index reading shows that inflation is still running rampant. “If we get a steaming hot CPI reading, you’re going to see more horror on your screen, so that’s why people sold ahead of it,” he said. The […]

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BUSINESS

Elon Musk took over a struggling Twitter and has quickly made it worse

The Twitter profile page belonging to Elon Musk is seen on an Apple iPhone mobile phone. Nurphoto | Nurphoto | Getty Images When Elon Musk said last week that Twitter has experienced a “massive drop in revenue” under his recent tutelage, he blamed the decline on “activist groups pressuring advertisers.” There was some merit to […]

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BUSINESS

Market veteran reveals how he is positioning for upcoming bull market

The stock market has experienced a series of bear market rallies this year. And while such short-lived bounces can be hard to distinguish from a true market bottom, one investment pro believes a turnaround is on the horizon. “I think investors at this point should be looking forward to the new bull market, the new […]

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BUSINESS

‘Hold your nose and sell’ to brace for a possible market downturn, Jim Cramer says

CNBC’s Jim Cramer on Monday warned investors that they should trim some of their positions to prepare for a possible market decline. “According to the S&P oscillator I’ve followed for ages, we’re very overbought right now,” he said. “You have to hold your nose and sell something because we’re due for a pullback.” The S&P […]

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BUSINESS

Wynn Resorts, TuSimple, Newell Brands, First Solar and more

This photograph taken on October 20, 2022 shows the signage of Wynn Casino resort with the Grand Lisboa and Casino Lisboa in the backdrop in Macau. Eduardo Leal | AFP | Getty Images Check out the companies making headlines in midday trading. Wynn Resorts — Shares of the casino operator jumped 10% after a filing […]

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BUSINESS

This bear market is getting long in the tooth — here’s what is changing

Something’s happening. You can feel it. The down days, as painful as they are, seem more muted. The up days show a dearth of supply. Most important: When we get through earnings, we will have plenty of companies buying back shares and, more than ever, it might matter. If there is not much “above,” meaning […]

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BUSINESS

Stock futures rise after notching their best week since June

Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE U.S. stock futures rose Sunday evening after all three major averages notched their best week since June at Friday’s close. Futures tied to the Dow Jones Industrial Average gained 222 points, or 0.71%. S&P 500 futures and Nasdaq 100 futures increased 0.88% and […]

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BUSINESS

Earnings are off to a decent start. Next week is the big test for tech

Stocks rallied this week as earnings season ramped up and is so far off to a better-than-expected start. With 20% of the S & P 500 having reported financials so far, sales results have thus far been 1.4% above expectations while earnings results are 5.4% above expectations, in aggregate. While the estimates have come down […]

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