If you win money in a Super Bowl bet on Sunday, remember while you’re celebrating that Uncle Sam can be a bit of a party crasher. No matter where you wager — whether at a casino, through a pool or fantasy league, or at your neighbor’s annual bash — the IRS expects you come to
Month: February 2019
Goldman Sachs CEO David Solomon has had a busy few weeks running one of the world’s premier investment banks, but that hasn’t stopped him from releasing a new dance single. Solomon, who goes by DJ D-Sol, last month released a follow-up to his first single “Don’t Stop.” The up-beat tune is called “Feel Alive,” featuring
Merck & Co‘s cancer immunotherapy drug Keytruda reported sales that topped $2 billion in a quarter for the first time, exceeding Wall Street’s lofty estimates and sending shares up more that 3 percent on Friday. Keytruda has been Merck’s most important growth driver with its domination of the lucrative lung cancer space, and shows no
If it seems like you’re seeing Amazon ads all over the place, there’s a reason why: Jeff Bezos no longer hates them. Amazon’s CEO once famously said ads are “the price you pay when your product is unremarkable.” But during the company’s internal all-hands meeting in November, an employee asked the CEO if he’s had
Planning to buy a car? You could be driving it for a long time before you’re out of debt. As interest rates rise and vehicles become more expensive, that new-car smell increasingly comes with larger loans and lengthier terms. Americans now owe nearly $1.3 trillion in auto debt. Last month, the average interest rate on
The partial government shutdown has come to an end. Yet for small-business owners who are waiting on loans, the clock is still ticking. The government closure shuttered some agencies, including the Small Business Administration, for 35 days. Now that the SBA has finally reopened, it faces a backlog of loans to process. The Consumer Bankers
Turkish Airlines passengers with layovers of between six and 24 hours in Istanbul can show their boarding passes at the Hotel Desk and join a free highlight tour of the city. Separately, Korean Air’s Excellent Boarding Pass program offers a full week of perks in Korea to passengers who hold onto their international boarding pass
After January’s strong jobs report calmed some recession fears, investors will be picking through the next wave of earnings reports and economic data for clues on just how much the U.S. economy could be slowing. Dozens of earnings, from companies like Alphabet, Disney and Eli Lily, report in the week ahead, and there are just
General Electric shares soared to their best day in a decade following the Thursday’s fourth-quarter earnings report but J.P. Morgan analyst Stephen Tusa remained unconvinced by GE’s results. “We come away from the 4Q scratching our heads at the stock reaction,” Tusa said in a note to investors. “We believe one has to make highly
Nothing says victory like a coach getting dunked with Gatorade. A tradition that started in 1987, the Gatorade dunk has evolved into an iconic event that has put the PepsiCo’s sport drink brand on center stage. While not the biggest day for Gatorade retail sales, the Super Bowl is the biggest day of the year
Here’s one New Year’s resolution people think they’ll stick to in 2019: Clearing their credit card debts. More than 6 out of 10 participants in a recent survey by CompareCards.com said they are confident they will pay off their monthly credit card balances in full this year. The personal finance site polled 1,066 people online
Bank of America Corp.: “I think [CEO] Brian Moynihan is doing a remarkable job. It is one inexpensive stock. They keep buying back stock. It’s got a good yield. It’s going to get better because they’re going to raise the dividend. Buy, buy, buy.” Pilgrim’s Pride Corp.: “I think it is a bit of a
You don’t have to drive luxury cars or vacation on a remote island to know your net worth. In fact, it’s a simple equation that says a lot about your financial standing — whatever that may be. “It’s the first snapshot into an overall look at your finances,” said Michael LaRiviere, a certified financial planner
Goldman Sachs said it could withhold some pay from top executives as a result of an ongoing criminal probe of a Malaysian investment fund. The Wall Street firm said in a regulatory filing Friday its board of directors had approved a forfeiture provision that gave it “the flexibility to reduce the size of the award
Shares of Exxon Mobil jumped after the oil and gas giant reported fourth-quarter 2018 earnings that easily topped Wall Street’s expectations and reported a jump in fossil fuel production. The stock price for the world’s largest publicly traded oil and gas company was up 3.6 percent at $75.95 in premarket trading. Exxon earned a quarterly
Many market commentators will try to explain why the stock market kicked off 2019 with the best January in decades, but CNBC’s Jim Cramer stressed on Friday that the move wasn’t tied to historical patterns or the calendar. “You know why stocks had such a good start this year? For the same reason they had
Even on the heels of the longest U.S. government shutdown in history, the labor market is thriving. “The job market is extremely competitive right now,” said Michelle Armer, the chief people officer at CareerBuilder. In fact, last year there were more openings than there were people looking for jobs. And employment in the private sector
White House economic advisor Larry Kudlow implied Friday that Democratic proposals to increase taxes on the wealthiest Americans could lead to economic troubles akin to those in Venezuela. “”Taxing rich people – that’s an old saw from the left. It never works,” Kudlow told Fox Business. “I don’t know how these elections and nominations and
A collection of skateboard decks sold at Sotheby’s Friday to a Vancouver collector for $800,000. Sotheby’s announced Friday morning that a young Vancouver collector, named Carson Guo, bought the set of 248 skate decks made by Supreme. The collection included all of the decks produced by Supreme between 1998 and 2018. It is the highest
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Home Depot. Karen Finerman was a buyer of FedEx. Dan Nathan was a buyer of Canada Goose. Guy Adami was a buyer of GW Pharmaceuticals. Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF, AMZA, ACB, APC,
Chevron reported quarterly profits that topped Wall Street’s expectations, as a drop in earnings in its main business lines from a year ago were offset by lower expenses. Shares of the company were up 1.5 percent at $116.37 in premarket trading. Earnings: $1.95 per share vs. $1.87 per share forecast by Refinitiv Revenue: $42.35 billion
On any given day, Eric Mailman may transport a baby born into a neonatal intensive care unit from one hospital to another, or he could answer a call for an elderly person in cardiac arrest. The paramedic and operations coordinator at Northern Light Health’s medical transport and emergency care in Bangor, Maine, can answer anywhere
An Arizona legislator has proposed a way to fund a border wall: Charge internet users a tax for viewing pornography. Earlier this month, Arizona Republican state senator Gail Griffin proposed HB 2444. The legislation would require manufacturers and distributors of internet-connected devices to block people in the state from viewing adult content — unless those
Groupon Inc.: “I’ll be candid: I like Groupon and I have been wrong. I keep seeing real value here, so I’m not going to desert it, but it has not been a good one.” Citigroup Inc.: “We only care where something’s going, not where it’s come from, and I’ve got to tell you, I think
Super-wealthy investors are making some changes to their portfolios for 2019. They are increasing their cash holdings and reducing their equity exposure. They are also cutting back on some of their real estate investments and finding a “short-term solution” in fixed income, according to Michael Sonnenfeldt, founder of investment club Tiger 21. “There’s a lot
Forget FANG — so far in 2019, the cloud kings are the technology sector’s real winners, CNBC’s Jim Cramer said Thursday after a strong, growth-filled earnings report from enterprise-facing cloud company ServiceNow. “These days, if you want performance, the cloud kings and their smaller heirs apparent, the cloud princes, are where it’s at,” Cramer said
The last two times Amazon has reported quarterly results, revenue has fallen short of expectations. Now investors are facing the prospects of slowing growth at the e-commerce giant. Amazon is slated to announce fourth-quarter earnings after the bell on Thursday. Analysts surveyed by Refinitiv expect the company to report revenue growth of 18.8 percent from
Investors will be paying close attention to India’s budget. So will voters. As India unveils its interim budget on Friday, Prime Minister Narendra Modi and his party will likely dole out handouts to attract voters ahead of the general election that’s due to be called by May. The main planks of India’s budget will likely
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