Despite your best budgeting efforts, your winter getaway to the Caribbean could still land you in the red. Those were the findings from a recent data analysis by Mint, a budgeting app. Last year, 2.2 million of the app’s users created a monthly travel budget, setting aside cash to save for a vacation goal. Best
Month: January 2019
Federal Reserve Chairman Jerome Powell made the right choice in leaving interest rates unchanged and preaching patience — and it shouldn’t be seen as him “caving” to Wall Street, says CNBC’s Jim Cramer. “Don’t listen to the Fed watchers who claim that Powell caved to the stock market or the president,” Cramer said Wednesday after
Wheels Up has hired bankers for “strategic initiatives” that could include acquisitions, the company’s CEO told CNBC. “We have hired advisors to assist us with our pursuit of strategic initiatives that include exploring acquisition opportunities and expansion of our digital platform,” Wheels Up CEO Kenny Dichter told CNBC in a statement Wednesday evening. “Our plan
The Federal Reserve is continuing to change its tune as officials react to the whims of the stock markets, veteran trader Art Cashin told CNBC on Wednesday. “It’s pretty obvious,” he said on “Closing Bell.” “The fact that you look two or three meetings ago, it’s a completely different Fed and that’s … a reaction
Shares of health insurer Anthem soared to a record high Wednesday after it announced plans to roll out its new pharmacy benefits management unit IngenioRx sooner than expected and issued earnings guidance for this year that also beat forecasts. “IngenioRx will improve our ability to integrate pharmacy benefits within our already strong medical and specialty
Oil giant Royal Dutch Shell reported better-than-expected full-year earnings on Thursday, as deep cost cuts introduced after the 2014 energy market downturn filtered through. Full-year profits jumped 36 percent to $21.4 billion in 2018 — with cost savings helping the Anglo-Dutch company record its highest annual profits since 2014. Net income attributable to shareholders on
Attention millennials: Those expenses you call basics could be blowing your budget. When it comes to lifestyle essentials, vacation and travel comes in first for millennials. That is followed by dining out and takeout, which came in second, and coffee, which ranked third, according to a new survey from TD Ameritrade. And those expenses are
[The stream is slated to start at 3:45 p.m. ET. Please refresh the page if you do not see a player above at that time.] Oaktree Capital Management co-chairman Howard Marks on Wednesday will speak from the Context Summits Miami conference in Miami Beach, Florida. Marks is known for his prescient investment memos, which warned
Economist Larry Summers has advised Democratic presidents, but he’s not ready to jump behind Democratic Sen. Elizabeth Warren’s proposed wealth tax. Warren, of Massachusetts, is a prominent voice in the party’s liberal wing and is exploring a run for president. Her proposal, which she is calling an ultra-millionaire tax, would apply to Americans with more
Raising taxes on wealthy Americans would ultimately harm the U.S. economy, according to Gary Cohn, the former Goldman Sachs president who served 14 months as President Trump’s chief economic adviser. “It would be harmful to the economy,” Cohn said in an interview with Leslie Picker on CNBC’s “Closing Bell.” “I’m not saying that collecting more
After a barrage of mostly negative headlines in recent months, Facebook reports after the bell Wednesday. Despite the headwinds, analysts remain mostly bullish that the social media titan looks strong heading into the report where they’ll be watching for key metrics on ad revenue, privacy, and messenger integration. Facebook has come under tremendous pressure from
One of Apple‘s biggest dilemmas is that iPhone sales, the company’s bread and butter, are shrinking as the replacement cycle becomes lengthier. But Toni Sacconaghi, a top Apple analyst on Wall Street, told CNBC on Wednesday that his firm would upgrade the stock if the company could create a subscription plan for its consumer products
Telecommuters who used to be able to write off the cost of working from home could face a higher tax bill this year. The Tax Cuts and Jobs Act, which took effect in 2018, eliminated the ability for employees to write off business expenses that are unreimbursed by their company. For workers whose employer allows
Even though CNBC’s Jim Cramer has long been a fan of Nvidia, a top chipmaker that dragged stocks lower Monday with a major revenue forecast cut, he understood why its stock has lost so much value. For one, the announcement revealed some “obvious negatives,” Cramer said Tuesday on “Mad Money.” Chinese authorities have unexpectedly cracked
Democrats have taken aim at the wealthy — and that has former Rep. Jeb Hensarling afraid of what could come. Hensarling, a Republican who represented Texas from 2003 to 2019, told CNBC on Tuesday that the move to slap more taxes on the rich by the left wing of the Democratic Party is all about
Check out the companies making headlines after the bell: Apple shares jumped more than 6 percent after the bell following an earnings beat on Tuesday. The company earned $84.31 billion in revenue, which beat estimates of $83.97 billion. Earnings per share were $4.18, compared to the $4.17 expected on the Street. The company reported second-quarter
Institutional Investor hall of famer Richard Bernstein is adopting a more nuanced bull stance on stocks. Bernstein isn’t as optimistic as he was last year — citing the deceleration of corporate America’s profits. “The most important thing in 2019 is U.S. profits growth is going to slow,” the Richard Bernstein Advisors CEO said Monday on
European markets are set to open mixed Wednesday morning, as investors await Federal Reserve monetary policy guidance and the outcome of high level trade talks between the U.S. and China. The FTSE 100 is seen 28 points higher at 6,861, the CAC is expected to open up around 3 points at 4,931, while the DAX
When it comes to college affordability, most families are wary of pricey private schools. That is a mistake. Yes, annual tuition plus room and board at four-year, private universities is much higher — $48,510, on average — compared to public institutions — at just $21,370 — in the current academic year, according to the College
If you’ve fallen victim to financial fraud, getting back the money you lost takes time — if it’s ever recovered at all. Take the latest developments with Woodbridge Group of Companies, a real estate investing firm that has been implicated, along with its former owner and related companies, for bilking 8,400 retail investors, many of
The game has changed. Not so long ago, a movie was valuable if it had a big showing at the box office, though there was the occasional film that did big rental business but didn’t do much in theaters. (For more on that, see the entire careers of Mary Kate and Ashley Olsen after Full
For investors pondering if January’s comeback is a revival of the bull market or just a bounce before the coming bear, the market is about to tell them, according to J.P. Morgan’s chart analyst. The market is still not out of the woods yet even after the S&P 500 rebounded from its worst December since
Verizon missed quarterly revenue estimates in its report Tuesday, but added almost twice as many new wireless subscribers as analysts expected. The company forecast that adjusted earnings per share for this year would be similar to 2018, and that it expected low-single-digit percentage growth for total revenue for the full year. Shares of Verizon, the
The phone rings and you run to pick it up, only to hear an automated recording. You are not alone. There are approximately 5 billion robocalls made every month, according to robocall blocking app, YouMail. That number has been consistent, but the context of those calls changes. The most recent scam? Robocallers were trying to
More investors are feeling jittery about the market. And their No. 1 concern is the political landscape in Washington. That’s according to the latest retail investor sentiment report released by Charles Schwab. The results are based on an online survey conducted in December, before the partial federal shutdown, which began on Dec. 22 and lasted
Chinese stocks, especially ones that are new to U.S. markets, may seem like appealing investments, but to CNBC’s Jim Cramer, most of them aren’t worth the risk. In 2018, 31 Chinese companies had initial public offerings on U.S. stock exchanges, up from 12 the year before. The 2018 deals raised about $8.5 billion in gross
From Papa John’s to Uber, company CEOs are now under more scrutiny than ever before, particularly driven by technology. People now have the power and transparency to keep corporate leaders accountable in the social media era. So what should you do if your CEO screws up? Jon Fortt sits down with a panel of experts
Check out the companies making headlines after the bell: Shares of Whirlpool fell nearly 7 percent Monday after missing on fourth-quarter revenue and giving weak full-year earnings guidance. The home appliance company posted mixed earnings with $5.66 billion in revenue, compared to the $5.76 billion estimated by Wall Street. Earnings per share were $4.75, beating
Chip stocks took a tumble Monday morning after Nvidia lowered its guidance for its fourth quarter 2018. The company revised its quarterly revenue guidance from $2.70 billion to $2.20 billion due in part to “deteriorating macroeconomic conditions, particularly in China,” it said in a statement. Nvidia fell 17 percent during early trading. Other chip stocks
There’s a FaceTime bug that lets you hear through someone else’s iPhone, even if they haven’t answered your phone call. It was previously reported on Twitter by user Benji Mobb and covered by 9to5Mac. CNBC tested it and verified that it’s a real bug. I tried placing a video call to my editor from my
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