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October 22, 2019
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When hunting for yield, beware the dividend traps

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Bank of America Merrill Lynch strategists screened stocks to find those that may be ready to cut dividends or raise dividends. Source link: Click here for more
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A law from the 1600s will keep retail shops closed on Sundays at the nation’s newest shopping mall

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The massive American Dream is opening in the last county in the country where commercial shopping is prohibited on Sundays: Bergen County, N.J. Source link: Click here for more
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How Amazon is cutting the high cost and waste of returns

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Returns take a major toll on retailers’ bottom line and on the planet, but Amazon is taking big steps to change that. Source link: Click here for more
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Prudential to charge higher insurance rates for people who vape — the same as smokers

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Customers who vape will be classified as smokers instead of nonsmokers when applying for individual insurance policies, Prudential said in an emailed statement Wednesday. Source link: Click here for more
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‘Timing couldn’t have been worse’ for the Trump administration to issue bans on China: Jim Cramer

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“I think you need to be very careful as this market readjusts and re-calibrates its expectations,” CNBC’s Jim Cramer says. Source link: Click here for more
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Here’s what small businesses, slammed by China tariffs, are doing to minimize impact of trade war

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The sweeping tariffs imposed on China for its alleged unfair trade practices was intended to set right imbalances that put U.S. companies at a disadvantage. What wasn’t intended: the financial hit U.S. small businesses are suffering as a result. Source link: Click here for more
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Kroger to lay off hundreds, amid questions about its turnaound plan

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Daniel Acker | Bloomberg | Getty Images Kroger is laying off hundreds of employees across the family of grocery stores it owns, a person familiar with the situation tells CNBC. The unionized grocer, which also owns Harris Teeter, Ralphs, Fred Meyer, has 443,000 full-time and part-time employees. A spokeswoman for...
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The holidays are less important to retailers as more sales shift online

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Holiday shoppers at a Macy’s store in New York. Source: Getty Images The holiday season is less and less important for retailers, as more shopping moves online, according to a new study. Coresight Research said Tuesday it’s calling for a 4% increase in U.S. retail sales this November and December,...
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Amazon Go cashierless tech planned for airport stores, movie theaters

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People shop at the newly opened Amazon Go Store on May 07, 2019 in New York City. The cashier-less store, the first of this type of store, called Amazon Go, accepts cash and is the 12th such store in the United States located at Brookfield Place in downtown New York....
CNBC Business

China’s giant middle class is still growing and companies want in

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Walmart has three Sam’s Clubs in Beijing, including this one in Daxing District. The company plans to open five more in the capital city. Evelyn Cheng | CNBC BEIJING — Some are trying to create characters as memorable as Mickey Mouse. Others are launching lessons on how to cook steak....
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Behind Dick’s Sporting Goods CEO Ed Stack’s controversial decison on guns

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Chairman and CEO of DICK’S Sporting Goods Edward W. Stack. Scott Dalton | Invision for DICK’S Sporting Goods | AP Images CORAOPOLIS, PA — It was the summer of 1968, and Ed Stack, 13 years old at the time, hated working for his dad, Richard Stack, the founder of Dick’s...
CNBC Business

Target is the best name in retail and can survive a downturn

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A shopper is seen in a Target store in the Brooklyn borough of New York. Brendan McDermid | Reuters Target is the best retailer in this strong consumer economy, and it is prepared in the case of an economic downturn, according to Cowen. The firm named Target its top retail...
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Powerful group of US CEOs meet Modi, raise concerns with growth in India

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Indian Prime Minister Narendra Modi hold a meeting at UN Headquarters in New York, September 24, 2019, on the sidelines of the United Nations General Assembly. Saul Loeb | AFP | Getty Images As the U.S. China trade fight drags on, a groups of powerful U.S. CEOs met with India’s...
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Here’s how Walmart has helped us

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A garment factory worker packing Bonobos brand shirts in a factory in Hanoi, Vietnam. Manan Vatsyayana | AFP | Getty Images Bonobos’ CEO Micky Onvural says the men’s clothing brand has learned a lot since it was acquired by Walmart for $310 million two years ago, but it’s benefited from...
CNBC Business

Colt will stop making AR-15s for civilian sale, but people still have other options

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An employee of Dave’s Guns holds a Colt AR-15. Thomas Cooper | Getty Images Colt announced that it will halt its production of AR-15 rifles for civilian sales on Thursday, but the news might not be as exciting for gun control advocates as it first appears. The rifle continues to...
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Walmart will discontinue the sale of e-cigarettes as vaping-related deaths climb

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Walmart will stop selling e-cigarettes amid “regulatory complexity” and “uncertainty” around the products, the retailer said in a memo Friday.  “Given the growing federal, state and local regulatory complexity and uncertainty regarding e-cigarettes, we plan to discontinue the sale of electronic nicotine delivery products at all Walmart and Sam’s Club...
CNBC Business

The newest workplace perk looks a lot like a payday loan

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When it comes to healthy financial habits, tapping your income ahead of payday is an old-school red flag. However, a growing number of companies, including Walmart, are giving advances by offering what’s now called “accelerated pay.” As a perk, roughly 12% of companies include accelerated pay as another way of...
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Capital One launches two new cobranded Walmart credit cards

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Capital One and Walmart announced on Wednesday, Sept. 18, the joint Capital One® Walmart Rewards Credit Card Program, which includes two new credit cards: The cobranded Capital One® Walmart Rewards Mastercard® and the private-label Walmart Rewards Card, both launching September 24. “Walmart’s mission has always been to help customers save...
CNBC Business

How Walmart is trying to recruit more teen employees

CNBC
There is no company in the world that employs more people than Walmart. It has 2.2 million employees globally. If the retailer were a country, its population would be somewhere between Gabon and Gambia. But in a tight job market, Walmart is now getting creative when it comes to hiring....

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