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Retirees with high prescription drug costs might want to keep an eye on President Trump’s hoped-for changes to Medicare. The president’s proposed 2020 budget, released Monday, calls for allowing Medicare to negotiate lower prices with pharmaceutical companies and would cap how much beneficiaries pay out-of-pocket under Part D prescription drug coverage, among other provisions. Yet
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For decades now, Silicon Valley has been considered the center of the tech world when it comes to innovation.Propy Major brands including Uber, Lyft, Slack, Pinterest, and Airbnb are predicted to IPO this year which could result in new wealth, not only for cities where these companies are headquartered but surrounding cities as well. The
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The latest figures on retail sales don’t necessarily paint a complete picture of what’s happening in the sector, two former CEOs told CNBC on Monday. U.S. retail sales unexpectedly rose in January, climbing 0.2 percent, according to the Commerce Department. However, data for December was revised down to show retail sales tumbling 1.6 percent instead
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Check out the companies making headlines after the bell: Shares of Stitch Fix surged more than 20 percent in extended trading Monday following the release of the personal styling company’s better-than-expected second-quarter earnings and strong full-year outlook. Stitch Fix posted earnings per share of 12 cents on revenues of $370 million. Wall Street expected earnings
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As Americans go to the polls on Tuesday for primaries in five states, one big contingent that may wield tremendous influence is the small-business rank and file. The nation’s 28 million small businesses represent 54 percent of all U.S. sales and have provided 55 percent of all jobs since the 1970s, according to the Small
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Share to facebook Share to twitter Share to linkedin The 8-foot replica of the building inside the sales galleryThe Emerald We’ve already seen ultra-high end condos being marketed with tours that start with meditation sessions, giveaways for tickets to outer space and the use of art as a subliminal messaging tool. Now condo developers in price tiers just below the very top have
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Shares of Deutsche Bank and Commerzbank surged Monday after reports that the two have agreed to hold merger talks. Several media reports over the weekend suggested Deutsche Bank CEO Christian Sewing had dropped his opposition to the deal. Sewing was reportedly forced to reconsider his stance following investor pressure over the bank’s declining performance. The
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Oil and gas refinery. Getty Last week I met with 25 economists, including a number of Nobel prize winners, to ponder the next recession. I am sworn to Chatham House rules, so I can’t tell you who was there or what they said. We spoke freely. What did we learn from the last recession? Do governments
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