Secured credit cards vs. unsecured credit cards

While both secured credit cards and unsecured credit cards have a lot in common, there are a handful of key differences, such as a security deposit. Below, CNBC Select breaks down the key differences and similarities between secured credit cards and unsecured credit cards. How secured credit cards workAfter you make the minimum security deposit, you can start using your secured card just like any other credit card. Secured credit cards vs. unsecured credit cardsTrying to decide between a secured


While both secured credit cards and unsecured credit cards have a lot in common, there are a handful of key differences, such as a security deposit.
Below, CNBC Select breaks down the key differences and similarities between secured credit cards and unsecured credit cards.
How secured credit cards workAfter you make the minimum security deposit, you can start using your secured card just like any other credit card.
Secured credit cards vs. unsecured credit cardsTrying to decide between a secured
Secured credit cards vs. unsecured credit cards Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: alexandria white
Keywords: news, cnbc, companies, balance, card, fee, 200, security, unsecured, cards, credit, deposit, secured


Secured credit cards vs. unsecured credit cards

If you’re looking for a new card but don’t have much of a credit history, you may have come across secured credit cards during your research and wondered how they differ from regular — or unsecured — credit cards. While both secured credit cards and unsecured credit cards have a lot in common, there are a handful of key differences, such as a security deposit. Below, CNBC Select breaks down the key differences and similarities between secured credit cards and unsecured credit cards.

What is a secured credit card?

A secured credit card is nearly identical to an unsecured credit card, but you’re required to make a minimum deposit (known as a security deposit), to receive a credit limit. The deposit is typically $200, but may be higher or lower depending on the secured card you open. The Capital One® Platinum Credit Card offers applicants the chance to qualify for a card with a deposit lower than $200. You could put down a low $49 or $99 deposit and still receive a $200 credit limit. Secured cards are often marketed toward people looking to build or rebuild their credit. As a result, the security deposit acts as collateral if you default on payments, but it’s completely refundable if you upgrade to an unsecured card or pay off your balance in full and close your account. The Discover it® Secured gives cardholders a clear path to upgrading to an unsecured card. Starting at eight months from account opening, Discover will review your account to see if you can get your security deposit back. This takes the guesswork out of wondering when you’ll qualify for an unsecured card.

How secured credit cards work

After you make the minimum security deposit, you can start using your secured card just like any other credit card. You can spend up to your credit limit, which is often equal to your security deposit. So a $200 security deposit equals a $200 credit limit. If you want more spending power, you’ll need to deposit more money. The maximum amount you can deposit varies by secured card, but can be up to $2,500. Some secured cards, such as the Capital One® Platinum Credit Card, may offer a higher credit limit (with no additional deposit required) after you make the first five monthly payments on time, which is also a great incentive to practice responsible credit behavior. You will incur interest charges if you carry a balance month to month, so make sure you pay your bill in full and on time, which also helps your credit score. Actions you take with a secured card are reported to the three main credit bureaus (Experian, Equifax and TransUnion), so it’s crucial to avoid maxing out your card and paying off your balance each month.

Secured credit cards vs. unsecured credit cards

Trying to decide between a secured or unsecured card? Your credit score might play a big role in your decision-making. If you have less-than-stellar credit, a secured credit card may be the better option since they’re typically easier to qualify for with poor credit (scores below 580) or no credit. If your credit is already good or excellent (scores 670 and greater), an unsecured card can provide you with better benefits that may earn you rewards in common spending categories, such as dining, gas and groceries, Global Entry or TSA PreCheck credit and added entertainment perks. Check out our round up of the best credit cards. If you decide that a secured card is the best option, consider some of the best secured credit cards listed below. Once you improve your credit, you can transition to an unsecured card. If you can’t afford the $200 security deposit, you should look to other ways to raise your credit score, including becoming an authorized user on someone else’s account. You might also want to look for a card geared toward consumers with low credit that don’t require a deposit. CNBC Select has a few suggestions in our roundup of the best cards for building credit.

Recommended secured credit cards

There are tons of secured cards available, but some may charge an annual fee or have minimum security deposits over $200. Here are some of the best secured credit cards that have no annual fee and deposits of $200 or less.

Discover it® Secured Apply Now On Discover’s Secured Site Rewards 2% cash back at gas stations and restaurants (up to $1,000 in combined purchases each quarter, then 1%); unlimited 1% cash back on all other purchases

Welcome bonus At the end of your first year, Discover automatically matches all the cash back you earned

Annual fee $0

Intro APR 10.99% for the first 6 months on balance transfers; N/A for purchases

Regular APR 24.49% variable on purchases and balance transfers

Balance transfer fee 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*

Foreign transaction fee None

See rates and fees, terms apply. Pros No annual fee

Discover automatically reviews your credit card account monthly, starting at eight months, to see if your security deposit can be returned while you continue to enjoy your card benefits

Strong cash-back rewards program

Simple welcome bonus with no minimum spending requirements

No fee charged on purchases made outside the U.S. Cons Low credit limit prevents cardholders from charging high-cost items or many expenses

You have to have a Social Security number and U.S. bank account to apply for this card

Relatively high 24.49% variable APR

Discover isn’t as widely accepted as Visa and Mastercard Apply Now On Discover’s Secured Site

Capital One® Secured Mastercard® Learn More Information about the Capital One® Secured Mastercard® has been collected independently by CNBC and has not been reviewed or provided by the issuer of the cards prior to publication. Rewards This card doesn’t offer cash back, points or miles

Welcome bonus No current offer

Annual fee $0

Intro APR N/A for purchases and balance transfers

Regular APR 26.99% variable on purchases and balance transfers

Balance transfer fee None

Foreign transaction fee None

Terms apply. Pros No annual fee

$49, $99 or $200 refundable deposit

Get access to a higher credit line after making your first five monthly payments on time

No fee charged on purchases made outside the U.S.

Flexibility to change your payment due date Cons High 26.99% variable APR

No rewards program

After you apply and submit your deposit, it takes 2-3 weeks to get your card

Capital One periodically reviews your account to see if you can be transitioned to an unsecured card, but unlike the Discover it® Secured Card there’s no clear timeline for when this will occur Learn More Information about the Capital One® Secured Mastercard® has been collected independently by CNBC and has not been reviewed or provided by the issuer of the cards prior to publication.

Citi® Secured Mastercard® Learn More Information about the Citi® Secured Mastercard® has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication. Rewards This card doesn’t offer cash back, points or miles

Welcome bonus No current offer

Annual fee $0

Intro APR N/A for purchases and balance transfers

Regular APR 23.99% variable on purchases and balance transfers

Balance transfer fee $5 or 3% of the amount of each transfer, whichever is greater

Foreign transaction fee None

Terms apply. Pros No annual fee

$200 refundable deposit

Flexibility to change your payment due date Cons No rewards program

3% foreign transaction fee Learn More Information about the Citi® Secured Mastercard® has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.

Information about the Capital One® Platinum Credit Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the CNBC Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: alexandria white
Keywords: news, cnbc, companies, balance, card, fee, 200, security, unsecured, cards, credit, deposit, secured


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8 celebrity-endorsed gifts under $200 to impress everyone on your holiday list

All eight gifts in this holiday roundup were recommended by some very influential people, including Oprah Winfrey, Barack Obama and Mindy Kaling — and every one of them costs under $200. Barack ObamaBarack Obama Getty ImagesBarack Obama is known for sharing his favorite movies and music with the public, and in 2018, he also shared his top reads on Facebook. Oprah WinfreyOprah Winfrey Getty ImagesEach year, Winfrey releases her annual list of “Oprah’s Favorite Things,” where she shares a wide arr


All eight gifts in this holiday roundup were recommended by some very influential people, including Oprah Winfrey, Barack Obama and Mindy Kaling — and every one of them costs under $200.
Barack ObamaBarack Obama Getty ImagesBarack Obama is known for sharing his favorite movies and music with the public, and in 2018, he also shared his top reads on Facebook.
Oprah WinfreyOprah Winfrey Getty ImagesEach year, Winfrey releases her annual list of “Oprah’s Favorite Things,” where she shares a wide arr
8 celebrity-endorsed gifts under $200 to impress everyone on your holiday list Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: anna hecht
Keywords: news, cnbc, companies, obama, celebrityendorsed, williams, books, tennis, winfrey, gifts, kaling, holiday, american, impress, venus, 2018, list, getty, 200


8 celebrity-endorsed gifts under $200 to impress everyone on your holiday list

Shopping for the holidays is a lot more fun with a little inspiration. Rather than wandering the aisles at Target, why not take some tips from A-list celebrities about the products they know and love? All eight gifts in this holiday roundup were recommended by some very influential people, including Oprah Winfrey, Barack Obama and Mindy Kaling — and every one of them costs under $200. Scroll through to see which of these celeb-inspired items end up grabbing your attention.

1. Barack Obama

Barack Obama Getty Images

Barack Obama is known for sharing his favorite movies and music with the public, and in 2018, he also shared his top reads on Facebook. In second place on his long list of favorites is “An American Marriage” by Tayari Jones, which landed just behind his wife’s book, “Becoming” by Michelle Obama, which naturally came in first. Given that the former president is known to be an avid reader, you can bet “An American Marriage,” which was a New York Times best-seller, is going to be a good one. Set in the 1980s, this novel tells the story of a young African American couple, Celestial and Roy, who are ripped apart after Roy is wrongly convicted of a crime.

Source: Workman Publishing

2. Oprah Winfrey

Oprah Winfrey Getty Images

Each year, Winfrey releases her annual list of “Oprah’s Favorite Things,” where she shares a wide array of gifts she endorses. Products range from cosmetics to high-end food to tech gadgets, fashion items and more. For her 2019 list, Winfrey included this stylish winter coat by Orolay, which was very on trend of her. This fan-favorite style garnered so much popularity and attention in 2018 that it fondly became known as “the Amazon coat.”

Source: Orolay

3. Venus Williams

Tennis star Venus Williams Andrew Kelly | AP Images for Clorox

When Venus Williams isn’t training for her next tennis match, she’s on top of her skincare routine. During a recent American Express Travel event in New York City, she told CNBC Make It: “I bought an ultrasonic skin cleanser, so that was a great investment. It was like … $39. Such a deal! I use it a few times a week.” The purpose of using an ultrasonic cleanser, like the MiroPure Sonic Facial and Body Cleansing Brush, is to exfoliate away dead skin cells, dirt and oil.

Source: MiroPure

4. Serena Williams

Serena Williams at the 2019 US Open. TPN | Getty Images Sport | Getty Images

This celeb-inspired gift guide wouldn’t be complete without including Venus’ sister, Serena Williams. Williams, the tennis star who’s been playing tennis since she was just 3, has to eat well in order to fuel her lifestyle as a professional athlete. Her go-to kitchen device? A toaster oven, reports ABC News. To start cooking like Williams, consider this toaster oven by Black and Decker, which was named an Amazon’s Choice product.

Source: Black + Decker

5. Mindy Kaling

Mindy Kaling Theo Wargo/FilmMagic | Getty Images

When actress Mindy Kaling gave birth to her first child, Katherine, in Dec. 2018, she received a pretty epic congratulatory gift from Oprah Winfrey: “A hand-carved bookcase, prettier than any professional dollhouse you had ever seen that contained a hundred of the classic essential books in children’s literature,” Kaling told USA Today during a 2018 interview alongside her “Wrinkle in Time” co-stars Winfrey and Reese Witherspoon. Although this dollhouse bookcase may not be as luxe as the one Winfrey gifted Kaling, what’s better than giving a small child a dreamy bookcase to then fill with imaginative reads? This model from Wayfair makes a great holiday present.

Source: Wayfair

6. Gwyneth Paltrow

Gwyneth Paltrow Getty Images

When Goop CEO Gwyneth Paltrow travels, she makes sure to apply a face mask. In a 2017 interview with Elle, she specifically pointed to the Juice Beauty Instant Eye Lift Algae Mask, which she applies mid-flight. It costs just $10 and has high quality, organic ingredients, such as cucumber and white tea, which are designed to calm puffy skin.

Source: Juice Beauty

7. Jimmy Fallon

Jimmy Fallon Getty Images

If you thought Jimmy Fallon, host of NBC’s The Tonight Show” was a hoarder (or a book-enthusiast), think again. “I don’t need to finish any books, and I don’t have to feel guilty about all of my books piled up,” Fallon joked in an interview with Parade in 2017. “No one has to see how much of a procrastinator I am. I’m not saying I’m well-read — I’m not!” If you have the same problem — or if you genuinely like reading, but still don’t want piles of books lying around — consider the all-new Kindle model, available via Amazon.

Source: Amazon

8. Kim Kardashian

Kim Kardashian Getty Images

It wouldn’t really be a 2019 gift guide roundup without including the Kardashians in some capacity. After all, Kim Kardashian-West has her hand in most every area of business these days. Since she and her sisters are considered beauty gurus, here’s Kardashian-West’s secret to getting great brows: the Anastasia Beverly Hills Perfect Brow Pencil, which comes in eight different shades.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: anna hecht
Keywords: news, cnbc, companies, obama, celebrityendorsed, williams, books, tennis, winfrey, gifts, kaling, holiday, american, impress, venus, 2018, list, getty, 200


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Dow drops 200 points after worse-than-expected manufacturing data

The Dow Jones Industrial Average fell 200 points, or 0.8%. Manufacturing activity in the U.S. continued to contract last month, the Institute for Supply Management said. Sentiment was also dented after President Donald Trump said China still wants to make a deal on trade, “but we’ll see what happens.” Trade worries also offset stronger-than-expected manufacturing data out of China. The Caixin/Markit manufacturing Purchasing Managers’ Index came in at 51.8 for November, topping a Reuters estimate


The Dow Jones Industrial Average fell 200 points, or 0.8%.
Manufacturing activity in the U.S. continued to contract last month, the Institute for Supply Management said.
Sentiment was also dented after President Donald Trump said China still wants to make a deal on trade, “but we’ll see what happens.”
Trade worries also offset stronger-than-expected manufacturing data out of China.
The Caixin/Markit manufacturing Purchasing Managers’ Index came in at 51.8 for November, topping a Reuters estimate
Dow drops 200 points after worse-than-expected manufacturing data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: fred imbert
Keywords: news, cnbc, companies, dow, points, 200, month, came, wants, worsethanexpected, manufacturing, tariffs, optimism, trade, drops, data, trump, china


Dow drops 200 points after worse-than-expected manufacturing data

Monday’s losses came after a strong performance in November. The major averages had their biggest monthly gains since June, rallying to record highs. The S&P 500 climbed 3.4% last month while the Dow advanced 3.7%. The Nasdaq rallied 4.5%.

The Dow Jones Industrial Average fell 200 points, or 0.8%. The S&P 500 pulled back 0.8% while the Nasdaq Composite traded 1.4% lower. The major averages started off the session with slight gains before turning lower.

Stocks dropped on Monday, the first trading day of December, as investors digested disappointing economic data along with the latest trade news after capping a month that featured blistering gains.

A General Motors assembly worker moves a V6 engine, used in a variety of GM cars, trucks and crossovers, from the final assembly line at the GM Romulus Powertrain plant in Romulus, Michigan, August 21, 2019.

“The trend and momentum going into December are bullish,” said Bruce Bittles, chief investment strategist at Baird. “However, investor optimism is registering as excessive by many of the services we follow. While optimism is not euphoric, excessive investor optimism generally suggests a pause in a bull market.”

Manufacturing activity in the U.S. continued to contract last month, the Institute for Supply Management said. The ISM Manufacturing PMI dipped to 48.1 in November. That’s below an estimate of 49.4. Stocks hit their session lows after the data was released.

“All in all, this should take some wind out of the sails of the argument that the U.S. economy is accelerating going into the end of the year,” said Jon Hill, vice president of rates strategy at BMO Capital Markets.

Sentiment was also dented after President Donald Trump said China still wants to make a deal on trade, “but we’ll see what happens.” There is no clear indication of when both countries will be able to sign an agreement and last week saw fresh tension between Washington and Beijing after Trump signed legislation supporting protesters in Hong Kong.

That comment came after Chinese state media reported Sunday that Beijing wants a cancellation of tariffs for a phase one trade deal.

Trump also said Monday he will restore tariffs on metal imports from Brazil and Argentina. In a tweet, he said: “Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries.”

Trump noted in a separate tweet that “U.S. markets are up as much as 21%” since his first tariffs announcement on March 1, 2018, adding the U.S. is “taking in massive amounts of money.”

The percolating uncertainty around trade came despite Axios reporting, citing a source, that Trump is expected to hold off on additional tariffs against China set to kick in this month in the hopes of striking a deal before year-end.

Trade worries also offset stronger-than-expected manufacturing data out of China. The Caixin/Markit manufacturing Purchasing Managers’ Index came in at 51.8 for November, topping a Reuters estimate of 51.4.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: fred imbert
Keywords: news, cnbc, companies, dow, points, 200, month, came, wants, worsethanexpected, manufacturing, tariffs, optimism, trade, drops, data, trump, china


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Uber’s $200 helicopter taxi: Manhattan to JFK airport in 8 minutes flat

Weaving through Manhattan’s busy traffic can be a pain — especially for travelers rushing to catch a flight. But now, passengers starved for time have another option: Uber’s helicopter taxi service. The Uber Copter, which was rolled out to all users on October 7, zips passengers from lower Manhattan to John F. Kennedy (JFK) International Airport with an eight-minute chopper ride. Each trip comes with a $200-$225 price tag, depending on demand. Rides on the five-seater helicopter are available on


Weaving through Manhattan’s busy traffic can be a pain — especially for travelers rushing to catch a flight.
But now, passengers starved for time have another option: Uber’s helicopter taxi service.
The Uber Copter, which was rolled out to all users on October 7, zips passengers from lower Manhattan to John F. Kennedy (JFK) International Airport with an eight-minute chopper ride.
Each trip comes with a $200-$225 price tag, depending on demand.
Rides on the five-seater helicopter are available on
Uber’s $200 helicopter taxi: Manhattan to JFK airport in 8 minutes flat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-04  Authors: stella soon, david reid
Keywords: news, cnbc, companies, trip, weekday, 200, zips, minutes, flat, airport, ubers, taxi, weaving, copter, jfk, users, helicopter, manhattan, uber, passengers


Uber's $200 helicopter taxi: Manhattan to JFK airport in 8 minutes flat

Weaving through Manhattan’s busy traffic can be a pain — especially for travelers rushing to catch a flight. But now, passengers starved for time have another option: Uber’s helicopter taxi service.

The Uber Copter, which was rolled out to all users on October 7, zips passengers from lower Manhattan to John F. Kennedy (JFK) International Airport with an eight-minute chopper ride.

Each trip comes with a $200-$225 price tag, depending on demand. Rides on the five-seater helicopter are available on weekday afternoons from 2-6 p.m.

A full Uber Copter journey comprises two trips of ground transportation and a helicopter ride.

Here’s what a typical trip looks like:


Company: cnbc, Activity: cnbc, Date: 2019-11-04  Authors: stella soon, david reid
Keywords: news, cnbc, companies, trip, weekday, 200, zips, minutes, flat, airport, ubers, taxi, weaving, copter, jfk, users, helicopter, manhattan, uber, passengers


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Elizabeth Warren says ‘Medicare for All’ will save employers $200 billion over decade

Presidential contender Elizabeth Warren says employers who provide health coverage to workers would collectively save $200 billion over a decade under her “Medicare for All” proposal. Employers currently offering health benefits under a collective bargaining agreement will be able to reduce their contribution if they pass along those savings to workers. Small businesses — employers with fewer than 50 employees — would also be exempt if they aren’t already paying for their workers’ health care, a


Presidential contender Elizabeth Warren says employers who provide health coverage to workers would collectively save $200 billion over a decade under her “Medicare for All” proposal.
Employers currently offering health benefits under a collective bargaining agreement will be able to reduce their contribution if they pass along those savings to workers.
Small businesses — employers with fewer than 50 employees — would also be exempt if they aren’t already paying for their workers’ health care, a
Elizabeth Warren says ‘Medicare for All’ will save employers $200 billion over decade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-01  Authors: berkeley lovelace jr, in berkeleylovelace
Keywords: news, cnbc, companies, elizabeth, 200, according, save, medicare, plan, pay, insurance, workers, employers, billion, benefits, health, decade, warren


Elizabeth Warren says 'Medicare for All' will save employers $200 billion over decade

Presidential contender Elizabeth Warren says employers who provide health coverage to workers would collectively save $200 billion over a decade under her “Medicare for All” proposal.

The nation’s largest employers project that the total cost of providing medical and pharmacy benefits will rise by 5% in 2020, topping $15,000 per employee, according to a recent survey from the National Business Group on Health.

Warren’s plan, which would eliminate employer-sponsored health insurance and replace it with a universal Medicare plan for all Americans, would redirect what employers are already paying private insurers to the U.S. government, according to a new outline released Friday.

To ensure employers will pay less in the new system, Warren said she would reduce their contributions by 2% of what they are currently giving private insurers. Employers currently offering health benefits under a collective bargaining agreement will be able to reduce their contribution if they pass along those savings to workers.

People who are self-employed would be exempt from making contributions. Small businesses — employers with fewer than 50 employees — would also be exempt if they aren’t already paying for their workers’ health care, according to the outline.

“By asking employers to pay a little less than what they are already projected to pay for health care, we can get almost halfway to where we need to go to cover the cost of my Medicare for All plan,” Warren said in her post.

The plan from Warren, a front-runner in the 2020 presidential race, may startle some workers with employer-based health insurance, some of whom have selected more pricey insurance plans with lavish health benefits. Under Medicare for All, Warren says Americans can select the health-care provider of their choice. Employers who offer generous health benefits to attract talent may lose that competitive edge.

Still, it could ease the strain of constantly rising health-care costs for employers.

About 153 million Americans receive employer-sponsored health insurance, according to data from the Kaiser Family Foundation. Under the current U.S. health system, all employers with 50 or more full-time employees must offer health-care coverage or pay a fine.

To help curb costs, large employers in recent years have embraced some of the ideas being debated in Washington, such as passing drug price discounts directly on to workers.

They’re also increasingly open to the government playing a bigger role in controlling health costs — even expanding Medicare access under some circumstances, according to the National Business Group on Health annual survey of nearly 150 of the nation’s largest employers.

— CNBC’s Bertha Coombs contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-11-01  Authors: berkeley lovelace jr, in berkeleylovelace
Keywords: news, cnbc, companies, elizabeth, 200, according, save, medicare, plan, pay, insurance, workers, employers, billion, benefits, health, decade, warren


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GameStop to close up to 200 stores by year’s end

GameStop is planning to close between 180 and 200 underperforming stores by the end of its fiscal year. The announcement Tuesday came after the company posted dismal fiscal second quarter earnings after the bell that missed analysts’ expectations and slashed its same-store sales forecast for the year. It said it now expects same-store sales to fall in the low teens, compared with previous expectations of a decrease between 5% and 10%. “Optimizing our store base for an increasingly digital world


GameStop is planning to close between 180 and 200 underperforming stores by the end of its fiscal year. The announcement Tuesday came after the company posted dismal fiscal second quarter earnings after the bell that missed analysts’ expectations and slashed its same-store sales forecast for the year. It said it now expects same-store sales to fall in the low teens, compared with previous expectations of a decrease between 5% and 10%. “Optimizing our store base for an increasingly digital world
GameStop to close up to 200 stores by year’s end Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: jasmine wu
Keywords: news, cnbc, companies, end, company, fiscal, yearthe, sales, stores, earnings, gamestop, 200, expectations, close, analysts, yearit, samestore


GameStop to close up to 200 stores by year's end

GameStop is planning to close between 180 and 200 underperforming stores by the end of its fiscal year.

The announcement Tuesday came after the company posted dismal fiscal second quarter earnings after the bell that missed analysts’ expectations and slashed its same-store sales forecast for the year.

It said it now expects same-store sales to fall in the low teens, compared with previous expectations of a decrease between 5% and 10%. The company’s stock was down 11.1% to $4.52 midafternoon Wednesday. The shares have fallen more than 60% year to date.

“Optimizing our store base for an increasingly digital world is essential for the future and increasing the profit productivity,” CEO George Sherman said on an earnings call with analysts Tuesday. But he also said the company has the “opportunity to do even better and expand profitability” by reducing the number of stores in some markets.


Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: jasmine wu
Keywords: news, cnbc, companies, end, company, fiscal, yearthe, sales, stores, earnings, gamestop, 200, expectations, close, analysts, yearit, samestore


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Dow futures jump more than 200 points

U.S. stock index futures were higher Wednesday morning. ET, Dow futures rose 204 points, indicating a positive open of more than 203 points. The Caixin/Markit Services Purchasing Managers’ Index (PMI) came in at 52.1 in August — its highest reading since May. It marked the latest escalation in a long-running trade war between the world’s two largest economies. It prompted the new prime minister to announce he would immediately push for a snap election.


U.S. stock index futures were higher Wednesday morning. ET, Dow futures rose 204 points, indicating a positive open of more than 203 points. The Caixin/Markit Services Purchasing Managers’ Index (PMI) came in at 52.1 in August — its highest reading since May. It marked the latest escalation in a long-running trade war between the world’s two largest economies. It prompted the new prime minister to announce he would immediately push for a snap election.
Dow futures jump more than 200 points Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: sam meredith
Keywords: news, cnbc, companies, services, dow, trade, 200, minister, growth, prime, index, worlds, points, pmi, jump, futures


Dow futures jump more than 200 points

U.S. stock index futures were higher Wednesday morning.

At around 03:00 a.m. ET, Dow futures rose 204 points, indicating a positive open of more than 203 points. Futures on the S&P and Nasdaq were both higher.

The moves in pre-market trade come after a report showed growth in China’s services sector had expanded at its fastest rate in three months in August, despite broader economic headwinds.

The Caixin/Markit Services Purchasing Managers’ Index (PMI) came in at 52.1 in August — its highest reading since May. The 50-mark in PMI readings separates growth and contraction.

At the start of the month, the U.S. and China imposed new tariffs on one another’s goods. It marked the latest escalation in a long-running trade war between the world’s two largest economies.

Meanwhile, in Europe, a cross-party alliance of rebel lawmakers defeated British Prime Minister Boris Johnson in parliament on Tuesday, moving to prevent him from taking the country out of the European Union without a formal agreement on October 31.

It prompted the new prime minister to announce he would immediately push for a snap election.

Sterling has since pared some of its recent losses against the U.S. dollar. The U.K. currency edged up 0.2% to climb above $1.21 Wednesday morning, after falling to its lowest level since October 2016 in the previous session.


Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: sam meredith
Keywords: news, cnbc, companies, services, dow, trade, 200, minister, growth, prime, index, worlds, points, pmi, jump, futures


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Dow futures fall more than 200 points after new US-China trade tariffs take effect

U.S. stock index futures were sharply lower Tuesday morning, after the world’s two largest economies began imposing new tariffs on one another’s goods. ET, Dow futures fell 234 points, indicating a negative open of more than 235 points. The U.S. imposed 15% tariffs on a variety of Chinese goods on Sunday, while China imposed new charges on U.S. products from September 1. The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, batterin


U.S. stock index futures were sharply lower Tuesday morning, after the world’s two largest economies began imposing new tariffs on one another’s goods. ET, Dow futures fell 234 points, indicating a negative open of more than 235 points. The U.S. imposed 15% tariffs on a variety of Chinese goods on Sunday, while China imposed new charges on U.S. products from September 1. The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, batterin
Dow futures fall more than 200 points after new US-China trade tariffs take effect Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-03  Authors: sam meredith
Keywords: news, cnbc, companies, points, futures, china, fall, dow, trade, effect, goods, uschina, latest, anothers, imposed, tariffs, 200, lower


Dow futures fall more than 200 points after new US-China trade tariffs take effect

U.S. stock index futures were sharply lower Tuesday morning, after the world’s two largest economies began imposing new tariffs on one another’s goods.

At around 03:20 a.m. ET, Dow futures fell 234 points, indicating a negative open of more than 235 points. Futures on the S&P and Nasdaq were both lower. The moves in pre-market trade come after investors observed a market holiday on Monday.

The U.S. imposed 15% tariffs on a variety of Chinese goods on Sunday, while China imposed new charges on U.S. products from September 1. It marked the latest escalation in their long-running trade war.

The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

President Donald Trump has said officials from both sides were still planning to meet later this month, despite rising tensions.

On Monday, Beijing filed a complaint against Washington at the World Trade Organization over U.S. import duties. China claimed the latest round of tariffs violated a consensus reached by leaders of both countries in Osaka, Japan.


Company: cnbc, Activity: cnbc, Date: 2019-09-03  Authors: sam meredith
Keywords: news, cnbc, companies, points, futures, china, fall, dow, trade, effect, goods, uschina, latest, anothers, imposed, tariffs, 200, lower


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Google shutters more than 200 YouTube channels amid Hong Kong protests

Pompeo says the US message on Huawei is clear. Trump’s words say…U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade…Technologyread more


Pompeo says the US message on Huawei is clear. Trump’s words say…U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade…Technologyread more
Google shutters more than 200 YouTube channels amid Hong Kong protests Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jennifer elias
Keywords: news, cnbc, companies, words, kong, google, trumps, protests, huawei, tradetechnologyread, channels, secretary, youtube, wanzhou, 200, shutters, mike, hong, amid, state, pompeo, sayus


Google shutters more than 200 YouTube channels amid Hong Kong protests

Pompeo says the US message on Huawei is clear. Trump’s words say…

U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade…

Technology

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jennifer elias
Keywords: news, cnbc, companies, words, kong, google, trumps, protests, huawei, tradetechnologyread, channels, secretary, youtube, wanzhou, 200, shutters, mike, hong, amid, state, pompeo, sayus


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The CEOs of nearly 200 companies just said shareholder value is no longer their main objective

Shareholder value is no longer the main focus of some of America’s top business leaders. The Business Roundtable, a group of chief executive officers from major U.S. corporations, issued a statement Monday with a new definition of the “purpose of a corporation.” “We commit to deliver value to all of them, for the future success of our companies, our communities and our country.” “The American dream is alive, but fraying,” said Jamie Dimon, chairman and CEO of JPMorgan Chase & Co. and chairman of


Shareholder value is no longer the main focus of some of America’s top business leaders. The Business Roundtable, a group of chief executive officers from major U.S. corporations, issued a statement Monday with a new definition of the “purpose of a corporation.” “We commit to deliver value to all of them, for the future success of our companies, our communities and our country.” “The American dream is alive, but fraying,” said Jamie Dimon, chairman and CEO of JPMorgan Chase & Co. and chairman of
The CEOs of nearly 200 companies just said shareholder value is no longer their main objective Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, serves, dimon, roundtable, corporations, 200, companies, longer, communities, investing, shareholder, value, business, main, objective, nearly, purpose, statement, ceos


The CEOs of nearly 200 companies just said shareholder value is no longer their main objective

Shareholder value is no longer the main focus of some of America’s top business leaders.

The Business Roundtable, a group of chief executive officers from major U.S. corporations, issued a statement Monday with a new definition of the “purpose of a corporation.”

The re-imagined idea of a corporation drops the age-old notion that corporations function first and foremost to serve their shareholders and maximize profits. Rather, investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities are now at the forefront of American business goals, according to the statement.

“While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our stakeholders,” said the statement, which signed by 181 CEOs. “We commit to deliver value to all of them, for the future success of our companies, our communities and our country.”

“The American dream is alive, but fraying,” said Jamie Dimon, chairman and CEO of JPMorgan Chase & Co. and chairman of Business Roundtable, in a press release.

Along with Dimon, the statement also received signatures from chiefs Jeff Bezos, Tim Cook, Brian Moynihan, Dennis A. Muilenburg, Mary Barra and many more.

“Major employers are investing in their workers and communities because they know it is the only way to be successful over the long term. These modernized principles reflect the business community’s unwavering commitment to continue to push for an economy that serves all Americans,” said Dimon.

Here is the full Business Roundtable statement.


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, serves, dimon, roundtable, corporations, 200, companies, longer, communities, investing, shareholder, value, business, main, objective, nearly, purpose, statement, ceos


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