If you’re getting close to celebrating your 65th birthday, it’s time to review how Medicare will fit into your life. Whether you’re still working or not, it’s best to make sure you understand the rules for signing up instead of making assumptions that could cost you down the road. “If you don’t enroll and don’t
Month: February 2019
We’re in the middle of tax season, but plenty of families are still uncertain what the new tax law will mean for them. Indeed, nearly half of the families polled in a study by Haven Life said that they had no clue how the Tax Cuts and Jobs Act — the tax overhaul that took
ATHENS- Exxon Mobil announced on Thursday that it has made the world’s third-biggest natural gas discovery off the coast of Cyprus in the Eastern Mediterranean at the Glaucus-1 well. The region is already know for some of the world’s largest such discoveries. It wants to become an alternative energy source for Europe. Based on preliminary
Despite gains in income and wealth for black families in America, white families often have a net worth up to 10 times higher. Discriminatory financial practices such as redlining or credit discrimination have increased the wealth gap and held black families back from being able to create generational wealth. Times are changing. Black millennials are
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of British Petroleum. Tim Seymour was a buyer of United Continental. Steve Grasso was a buyer of Norwegian Cruise Line. Guy Adami was a buyer of Exxon Mobil. Trader disclosure: Pete is long calls ARRY, BSX, BP, COTY,
J.C. Penney is set to report earnings for the holiday quarter before the bell on Thursday. Here’s what analysts are expecting, based on Refinitiv data: Earnings per share, adjusted: 10 cents Revenue: $3.79 billion Same-store sales: a drop of 4.3 percent Penney since last fall has had a new CEO, Jill Soltau, who’s already started
Those fur-trimmed parkas so common on city sidewalks have become a boon to backwoods trappers. Coyote fur pelts are in big demand to provide the lush, silvery or tawny-tinged arcs of fur on the hoods on Canada Goose coats and their many global imitators. A good western coyote, prized for its silky, light-colored fur, can
President Donald Trump’s financial statements are here — and they likely only tell part of the story on his wealth. Michael Cohen, the president’s former personal attorney, testified before the House Oversight Committee on Wednesday, and provided the committee with a number of documents, among which he said were copies of Trump’s financial statements for
Tax season is prime time for catching and fixing last year’s individual retirement account slip-ups. Whether you put away too much money in your IRA or you forgot to take out a required minimum distribution — ie, a mandatory withdrawal — after you turned 70½, your accountant is likely to discover your mistakes. “Missed RMDs
General Electric CEO Larry Culp has simplified the company’s report techniques and could be on the right path to fix the challenges in its power division, CNBC’s Jim Cramer said Wednesday. Culp, who became chief of GE in September, delivered his first annual letter to shareholders on Tuesday that Cramer said made a significant departure
Warren Buffett said Monday that wealthy people pay lower taxes when compared to the rest of the United States population. “The wealthy are definitely undertaxed relative to the general population,” Buffett told CNBC’s Becky Quick on “Squawk Box.” Buffett’s comments come after Berkshire Hathaway released its fourth-quarter earnings and after Buffett put out his annual
Check out the companies making headlines after the bell: L Brands shares fell more than 8 percent in extended trading after posting mixed fourth-quarter earnings and weak full-year guidance. The retail company posted $4.85 billion in revenue, compared to the $4.88 billion forecast by analysts. Earnings per share were $2.14, beating Wall Street’s expectation of
Off-price apparel retailer TJX reported better-than-expected quarterly same-store sales on Wednesday, as steep discounts drove more shoppers to its T.J. Maxx and Marshalls stores during the holiday season. Shares of the Framingham, Massachusetts-based company rose 2 percent before the bell. TJX has opened more stores and largely depended on its deep in-store discounts to drive
Tesla is lining up about $2 billion (more than 13 billion RMB) from Chinese lenders to build out its massive battery and car plant in Shanghai, according to research from JL Warren Capital. JL Warren, a New York-based investment research firm that focuses on Chinese companies, as well as U.S. firms with significant exposure in
Here’s the biggest calls of the day that we’re watching: “We continue to view Home Depot as a best-in-class operator and believe its 2019 EPS guidance is achievable, given the company’s good execution track record, flexibility in the model, and potential to drive productivity improvements… However, we came away from the earnings call concerned that
Two of the most vaunted names in banking are fading into retirement. Bank of America is expected to announce Monday that it will gradually retire the U.S. Trust brand to become the Bank of America Private Bank, according to people familiar with the change. The move is part of CEO Brian Moynihan’s “one-company” strategy to
The stock market’s long bull run got a new lease on life after December’s wipeout and could now carry on for an eleventh year, as long as an economic recession does not materialize. March 6, 2009 was the day the S&P 500 plunged to its financial crisis intra-day low of 666. Nearly 10 years later
Gone are the days of boring earnings reports — at least for some companies. Square, T-Mobile, Adidas and others have been adapting to a more Main-Street-friendly version of these typically dry, Wall Street-centric quarterly events. “It’s a sign of the times — everyone now is focused on presentation. It all comes from that Steve Jobs
On Friday, close to $1 billion in debt comes due for Tesla, an obligation that will wipe out about a quarter of the company’s cash. According to regulatory filings, Tesla has $920 million in convertible senior notes set to expire on March 1, at a conversion price of $359.87 per share. Tesla’s stock hasn’t traded
We are entering the largest wealth transfer in history. Over the next 25 years, according to a report from research firm Cerulli Associates, 45 million U.S. households will pass a mind-boggling $68 trillion to their children — the biggest generational wealth transfer ever. Individual retirement accounts alone in the U.S. held more than $9 trillion
If you were planning on taking a tax break for those unreimbursed expenses at work or the fees you pay your tax preparer, prepare to be disappointed. That’s because the Tax Cuts and Jobs Act, the new tax legislation that went into effect last year, curbed itemized deductions. The new tax law eliminated personal exemptions
Home Depot‘s stock was shaken up for missing Wall Street estimates in the last quarter and it created a good opportunity for investors to buy, CNBC’s Jim Cramer said Tuesday. While the home improvement company came up short in earnings and revenue in its fourth quarter report before the bell and gave a weaker-than-expected forecast
If you have dreams of hitting the jackpot in the next Mega Millions or Powerball drawing, remember that a big slice of what the lottery giveth, the taxman taketh away. With no one nabbing the top prize in either game over the weekend and the odds of doing so stacked against players, the jackpots have
Check out the companies making headlines after the bell: After being halted for volatility, Weight Watchers shares cratered as much as 28 percent after hours Tuesday after posting dismal fourth-quarter earnings and weak full-year guidance. Missing on the top and bottom lines, the weight-loss and wellness company earned $330 million in revenue, missing Refinitiv estimates
Home Depot on Tuesday morning reported earnings and sales for the fourth quarter that missed analysts’ expectations. Its shares were down more than 3 percent in premarket trading on the news. Here’s what Home Depot reported for the fourth quarter compared with what analysts were expecting, based on data from Refinitiv: *Earnings per share, adjusted:
As the world learns more and more about how the world will operate with 5G, Cisco is one stock that investors should get their hands on, CNBC’s Jim Cramer said on Tuesday. The “Mad Money” host said while the Cisco stock is still cheap, selling for 15 times earnings and offering a 2.7 percent yield,
Few people would voluntarily overpay the IRS by hundreds of thousands of dollars, but one retired accountant did exactly that in a bid to hide money from his wife. The CPA behind this creative scheme was preparing for a divorce, said Peggy L. Tracy, a certified financial planner and owner of Priority Planning in Wheaton,
We’re in the thick of tax season, but there are still opportunities for procrastinators to save a few bucks. The clock is ticking down to April 15, the deadline by which most filers must turn in their 2018 tax returns. It’s been a remarkable season so far. It’s the first time taxpayers will submit returns
Chinese stocks moved higher on Tuesday after President Donald Trump announced plans to delay an additional set of tariffs on Chinese goods that were set to kick in on March 2. The Shanghai composite posted its best day in nearly four years, and the FXI, an ETF that tracks some of the largest China-based companies,
Billionaire investor Warren Buffett said on Monday that he finds stocks attractive for the long haul here, almost made a huge acquisition last quarter, and that bitcoin is a “delusion” in a wide-ranging interview with “Squawk Box” co-host Becky Quick from Omaha, Nebraska. Buffett, 88, explained why he tempered his buying when the market was
- 1
- 2
- 3
- …
- 9
- Next Page »