Chewy founder: We're no Pets.com

In his most recent letter to investors, David Einhorn of Greenlight Capital wrote that today's market bears resemblance to the tech bubble of 2000. He then compared Chewy, the company I founded in 2011 and ran as CEO until last year, to the ill-fated Pets.com. I am no stranger to the Pets.com comparison. I heard it when I first started […]

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Treasuries Close Roughly Flat Following Choppy Trading Day

Treasuries showed a lack of direction throughout much of the trading session on Friday before ending the day roughly flat. Bond prices spent most of the day lingering near the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by less than a basis point to 2.081 percent. Bond traders seemed […]

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Oil Futures End Higher On Geopolitical Tensions

Crude oil futures edged higher on Friday after swinging between gains and losses as traders weighed demand and supply prospects for the commodity. Data showing U.S. GDP to have grown more than expected in the second quarter contributed a bit to oil’s uptick. While the likelihood of supply disruptions due to escalating tensions in the Middle East and data showing […]

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Stocks making the biggest moves midday: Starbucks, Twitter, Alphabet, Goodyear Tire & more

Check out the companies making headlines midday Friday: Starbucks — The coffee company's stock jumped 8.9% after Starbucks announced earnings and revenue that exceeded expectations. Starbucks posted earnings per share of 78 cents on revenue of $6.82 billion. Analysts polled by Refinitiv expected a profit of 72 cents a share on sales of $6.67 billion. Same-store sales, a key metric […]

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European markets lifted by telecoms and media big guns

(Reuters) – Large-cap companies pulled European stocks higher on Friday as a surge in Britain’s Vodafone (VOD.L) and strong earnings for media businesses and Nestle (NESN.S) spurred recovery from a sell-off driven by the European Central Bank. The pan-European benchmark index rose 0.3%, bouncing back from its worst session in three weeks. London’s FTSE 100 .FTSE outperformed European peers with […]

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S&P 500, Nasdaq hit record high on upbeat Alphabet earnings, GDP data

(Reuters) – Robust earnings from Google-parent Alphabet and Twitter took the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data that showed the domestic economy slowed lesser than expected in the second quarter. The Commerce Department said GDP increased at an annualized rate of 2.1% in the second quarter, higher than a 1.8% rate that […]

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Stock futures point higher ahead of GDP report

Boeing 737 Max grounding expected to eat into US GDP FBN’s Kristina Partsinevelos on reports the grounding of Boeing 737 Max jets will impact the U.S. second-quarter GDP numbers. U.S. equity futures are pointing to gains ahead of an important growth report, helped by earnings from several companies, overcoming the disappointment of the European Central Bank's hinting at future interest […]

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Earnings help Europe stocks rebound, with Vodafone and Vivendi rallying

Well-received earnings on both sides of the Atlantic drove a gain in European stocks on Friday, helping to rebound from a rough session. After ending Thursday with its biggest percentage decline in about three weeks, the Stoxx Europe 600SXXP, +0.40% rose 0.2% to 390.11. The U.K. FTSE 100 UKX, +0.58% added 0.2% to 7,506.63, the French CAC 40 PX1, +0.49% rose 0.2% to […]

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Now they tell us: Story says Mueller was hands off, short on stamina

Howard Kurtz: Should reporters have disclosed Mueller was a disengaged boss? ‘MediaBuzz’ host Howard Kurtz weighs in on the mainstream media’s reluctance to report that Robert Mueller seemingly wasn’t as much of a leader of the Russia investigation as previously believed. Maybe we now know the real reason that Bob Mueller was so reluctant to testify. With even liberal commentators […]

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