If you are among the taxpayers expecting a refund this tax season, hold off on the champagne for a moment: A big check from the IRS isn’t necessarily good news. The taxman kicked off the new filing season on Jan. 28, marking the first time taxpayers will be submitting their returns under the Tax Cuts
Month: February 2019
Young people shouldn’t wait until they graduate college to start building their credit history. Yet nearly 20 percent of people ages 18 to 22 have no credit report, according to data by credit rating company VantageScore. People in that age range who have a credit card have an average score of 672, compared with 589
Facebook is worth almost a half trillion dollars. It has more than 2 billion users who log in at least once a month. It has a famous CEO, Mark Zuckerberg, hailed in Silicon Valley as a Bill Gates for the Internet age – the suburban Harvard kid who dropped out of college to start a
One of Wall Street’s biggest bulls says the market is “at the point of maximum uncertainty” that could morph into one of the best buying opportunities of the year. “The economy is not slowing the way people fear. That’s where the upside comes in,” BTIG’s Julian Emanuel said Monday on CNBC’s “Trading Nation.” “We do
Under Armour shares initially jumped more than 5 percent on Tuesday after the athletic apparel maker reported better-than-expected fourth-quarter earnings and sales. The sneaker maker earned 9 cents a share on an adjusted basis, topping expectations of 4 cents, based on a poll by Refinitiv. Sales during the quarter were $1.39 billion, again ahead of
Foot Locker is wading deeper into the digital world with its $100 million investment in the online sneaker resell platform Goat Group, the start-up’s CEO told CNBC. The partnership with Goat, which was seen as a threat to the footwear industry, marries the leading sportswear retailer with the largest secondary marketplace for authentic sneakers, Goat
Even if you haven’t started on your 2018 return, you’ve probably heard this tax year’s horror story: lower than anticipated refund checks or the possibility you will owe the IRS. This tax year holds surprises for many individuals following the implementation of the Tax Cuts and Jobs Act. So far, average refunds are down 8.4
Cronos Group Inc.: “It’s … a trading vehicle. So, right now, it’s at the top end of the range. I think it can come back down. Take some off the table tomorrow.” Manitowoc Company Inc.: “It is so cheap. It is so cheap. It just drives me crazy, but we’re in a construction recession, I
The call to increase taxes on the wealthy has been gaining steam — but that isn’t enough to stop to the growing wealth and income gap in America, Democratic former Sen. Heidi Heitkamp told CNBC on Monday. “How do we close that gap and make America’s economy and capitalism work for everyone, including working people
Check out the companies making headlines after the bell: Shares of Gilead dropped as much as 5 percent after hours after the biotech company released disappointing test results from one of its chronic liver disease drugs. The company said it was “disappointed” the study did not achieve its goal but they “remain committed to advancing
Twitter is expected to report its fourth quarter 2018 earnings before the bell on Thursday. Here are the numbers analysts are expecting: Earnings per share: 25 cents expected, per Refinitiv consensus estimate Revenue: $868.1 million expected, per Refinitiv consensus estimate Monthly active users (MAUs), excluding SMS users: 321.1 million expected, according to FactSet consensus Investors
CNBC’s Jim Cramer is not short of macroeconomic worries, but one that he can’t quite get on board with is the worry that another U.S. recession is near. “Listen, I’m worried about many things: I don’t want another government shutdown, a dramatic increase in tariffs, the super-strong dollar that hurts our exports,” he said Monday
Economists who argue that there is no retirement income crisis are missing the point. The crisis is not today, it is 20 years in the future. But the time to act is now, before it’s too late. Every day, millions of Americans go to their jobs, work hard, and play by the rules to pay
Bernstein downgraded semiconductor stock Nvidia on Monday to market-perform from outperform, saying the company is facing severe challenges to growth while, at the same time, “headline risk [is] likely to continue increasing.” “Following the company’s somewhat chilly guidance cut … we believe the shares are likely to remain hamstrung,” Bernstein analyst Stacy Rasgon said in
Check out the companies making headlines before the bell: Morgan Stanley – Morgan Stanley is buying Canada-based employee stock plan manager Solium Capital for $900 million in cash. The deal is Morgan Stanley’s largest since the financial crisis. Restaurant Brands International – The parent of Tim Hortons, Popeyes, and Burger King reported adjusted quarterly profit
Shares of Dunkin’ Brands dropped more than 4 percent during pre-market trading Thursday after the company reported flat same-store sales growth for the fourth-quarter, saying it was focused on rolling out espresso drinks as part of a long-term strategy to attract more coffee drinkers. Dunkin’ re-launched its espresso, which is used in drinks like cappuccinos
Tesla has a dominant share of the electric vehicle market but Morgan Stanley’s Adam Jonas said Monday that control is “unsustainable” and will soon be disrupted from electric vehicle maker Rivian. Jonas, whose thoughts on electric autos are widely followed on Wall Street, expects Rivian will be “the next serious competition from a ‘clean sheet’
Perhaps two of the sweetest words retirees long to hear are “tax free.” Though workers are told to put every spare pre-tax cent into a traditional 401(k) at work, the reality is that once the time comes to tap that account for income in retirement, income taxes will follow. Here’s the bright side: You can
For car aficionados that have always wanted to own a fancy trophy car without having to shell out hundreds of thousands of dollars for the privilege, a financial technology upstart has come up with the perfect solution. Rally Rd, a New York-based fintech company that allows small investors to invest in rare collectibles, is giving
It’s early 2019 and you work at one of those richly valued tech companies that’s raised billions of dollars on its way to becoming a household name. This is the year it’s all supposed to happen for you. You’ve put in a half-decade or more. You’ve held onto your stock options even when you could
As bond yields fall on global growth fears, Wells Fargo is making some changes. This month, the firm cut both its year-end Federal Reserve interest rate hike forecast and bond yield targets. However, the firm’s global head of interest rate strategy said the decision has little to do with an economic slowdown abroad. “It boils
Philip Morris International on Thursday reported quarterly earnings and revenue that beat analysts’ expectations. Shares of the company rose 4 percent in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.25, adjusted, vs. $1.16 expected Revenue: $7.5 billion
Ranchers, farmers and industry groups are trying to slowing the momentum of popular products like the Impossible Burger, according to The New York Times — by defending the definition of the word “meat.” According to the report, the animal products lobby is moving to convince state lawmakers to implement legislation that makes clear that only
More people are working “side gigs” outside of their 9-to-5 jobs these days. This can offer them more opportunities to save for retirement and even help them make up for lost time. Nearly 40 percent of people who hold more than one job say they do so to grow their nest egg, according to recent
There’s one thing the record 35-day government shutdown made clear: Americans aren’t saving for a rainy day. “The partial government shutdown serves as a wake-up call that emergency savings must be made a more serious priority,” said Mark Hamrick, senior economic analyst at Bankrate.com. Over three-quarters of all full-time workers are living paycheck to paycheck,
The earnings deluge continues and inflation reports are due, but it will be the tone of trade talks in Beijing that could have the biggest impact on markets in the week ahead. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin head to China, as the U.S. and Chinese still appear to be far
Fears of an earnings recession are cropping up in the market as company profits are expected decline for the first time in two years. While the possibility wouldn’t necessarily signal an economic recession to follow, it paints an important picture of flattening growth trends and a looming global slowdown. Three experts weigh in on whether
Technology investor Paul Meeks is no longer avoiding the group that made him famous on Wall Street. Meeks, who ran the world’s biggest tech fund for Merrill Lynch in the late 1990s and early 2000s, expects the tech-heavy Nasdaq to end the year at least 10 percent higher. “I’m starting to creep out of the
When it comes to job hunting, millennials have one question for prospective bosses: “How are you helping my balance sheet?” The search for better workplace benefits is among the three top reasons why younger employees change jobs, according to new data from LaSalle Network, a recruiting firm. The company polled 5,000 millennials in October and
Home Depot Inc.: “I think Home Depot’s stock has spent a lot of time in the penalty box. I know the chart’s real bad. I think you buy some here, but then you’ve got to wait, because I know that [in] the housing market, many of those stocks are not that strong.” Alexion Pharmaceuticals Inc.:
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