I can still recall the day. It was late 2010 and almost two years since the market began its 51 percent free fall. I had just finished watching the Academy Award-winning documentary, “Inside Job,” and felt a visceral anger for the recklessness of a relative few individuals and institutions in the financial community. Having grown
Month: April 2019
Death and taxes … you know what the deal is. You can’t avoid either of them. If you have a big tax bill that you can’t pay, life can seem pretty bleak. While the number of tax liens annually filed by the IRS against taxpayers has fallen by more than 50 percent since 2010, there
If you’re interested in saving the planet while also making a profit, this app may be a good option for you. As impact investing, also known as socially responsible investing, becomes more popular, financial experts say millennials seem to be drawn to funds that support the humanitarian or environmental missions they believe in. And the
Delta and American Express are extending their exclusive partnership that includes Delta SkyMiles Credit Cards, the companies said Tuesday. The agreement, which now runs through 2029, will allow the companies to build on a partnership that has worked well for both. “Enhancing customer loyalty is at the heart of our business. Our partnership with American
Growth in the U.S. services sector fell more than expected and reached its slowest pace in more than a year, according to data from the Institute for Supply Management. The ISM non-manufacturing index fell to 56.1 in March, down from 59.7 in February. Economists polled by Refinitiv expected the index to dip to 58. “The
GameStop on Tuesday warned of a potential first-quarter loss as the world’s largest video game retailer wrestles with slowing sales of video games and consoles at its stores. Shares of the company fell 7.52 percent to $9.34 in extended trading after GameStop also reported quarterly revenue below analysts’ estimates. GameStop has struggled in the face
Apple’s new subscription service for news and magazines, Apple News+, had over 200,000 people subscribe to a free one-month trial in the first 48 hours it was available, according to the New York Times. It’s a critical data point to gauge consumer interest in Apple’s new subscription services. Apple News+ is the first of three
To save, or not to save. That question might not be yours. A growing number of companies direct money from their employees paychecks to a retirement account — even after a worker has said “no, thanks.” Auto-enrollment into retirement plans, of course, is not new. The practice has taken off in the workplace since President
Women earn just about 80 cents for every dollar that men make, and that difference can add up big over time. A women who starts her career today will miss out on $406,760 in earnings over 40 years, according to new estimates from the National Women’s Law Center. With more public attention to this issue
Tesla’s stock is working to get its groove back and there is an argument to be made that the share price could be ready to soar from its current levels, CNBC’s Jim Cramer said. He turned to technical analyst Bob Moreno, who Cramer noted called the market-wide bottom in December, to understand how the electric
The activists known as the Patriotic Millionaires, who describe themselves as “proud traitors to their class,” want to meet with every member of Congress as part of a new lobbying campaign aimed at convincing lawmakers to raise taxes on the rich. During these meetings, the millionaires intend to use the threat of withholding their endorsements
President Donald Trump is not warming up to Federal Reserve Chairman Jerome Powell. Despite the Fed doing two key things the White House has called for — putting an end to shrinking its balance sheet and halting rate hikes — the president reportedly “blasted” the Powell at three meetings in the past week, the Wall
Airline stocks jumped Tuesday after Delta Air Lines said record performance and healthy demand drove the carrier to raise its earnings and revenue guidance for the first quarter. Delta’s shares jumped 4.6 percent while United and American rose 3.8 percent and 1.4 percent, respectively. Southwest Airlines, JetBlue, Spirit and Alaska Air Group were all trading
Wearing workout clothes as casual attire is a fashion trend that’s gaining steam, CNBC’s Jim Cramer said Tuesday. He recalled that sporting gear companies such as Dick’s Sporting Goods, Nike, and Lululemon all delivered varying quarterly performances from poor to amazing results, but the athleisure space is ever popular. “I don’t think that the pie
Silicon Valley’s high home prices aren’t the only thing prospective homebuyers there should worry about. There are also the property taxes. Homeowners in the San Jose-Sunnyvale-Santa Clara region of California had the highest rise in property taxes in the nation from 2007 to 2017, a median increase of $2,625, according to an analysis by ValuePenguin.
Despite the hefty price tag, there’s a piece of good news about retirees’ health-care costs: They aren’t rising as quickly as they were even a few years ago. A healthy male-female couple retiring at age 65 in 2019 can expect to spend $285,000 on health-care expenses in retirement, according to Fidelity Investments’ annual analysis, released
Tuesday is Equal Pay Day, a reminder of the stubborn income inequality between men and women. April 2 marks just how far into the year full-time female workers have to work to make what their male counterparts typically made in the previous year, also known as the gender pay gap. Over time, that discrepancy is
When it comes to managing their money, most people are content on their own. That could backfire. Despite reports that many workers are living paycheck to paycheck and not even half of all adults would be able to cover an unexpected $1,000 expense, the majority of Americans are declining any financial help or advice. To
Check out the companies making headlines before the bell: Walgreens Boots Alliance — The drugstore chain operator reported adjusted quarterly profit of $1.64 per share, 8 cents a share below estimates. Revenue also missed and Walgreens cut its full-year earnings forecast, noting market challenges that have accelerated. Boeing — Boeing will submit its software upgrade
Walgreens Boots Alliance reported quarterly earnings and revenue that missed analysts’ expectations and lowered its forecast for 2019 in what CEO Stefano Pessina called the “most difficult” quarter since acquiring European drugstore chain Alliance Boots in late 2014. The company now expects full-year earnings for 2019 to be roughly flat, compared with its previous forecast
Shares of Lyft were down 3.5 percent in early morning trading Tuesday as the stock enters its third day on the public market. The stock ended its second day of trading at $69.01, below its IPO price of $72 in an oversubscribed offering. Lyft’s market capitalization now lies below $20 billion after ending its first
Your friends may be hearing wedding bells, while you may be more worried about something else: sky high bills to attend. Spring officially kicks off the start of wedding season. And for some that can cause financial pain — even if you are not the one walking down the aisle. A new survey from personal
You want to make money on your investments and put your money to work to do good in the world at the same time. But you don’t want to get taken for a ride. Enter the new world of sustainability ratings, which allow you to track how well the impact investments stack up when it
CNBC’s Jim Cramer said he did not expect Lyft shares to get hit so hard on Monday after their after a positive Friday debut on the stock market. The rideshare app traded as high as $88 a share in its first day, but tumbled nearly 12 percent to settle at $69.01 on Monday. With a
The U.S. Department of Justice charged 50 people last month in a multi-million-dollar scheme that allowed rich parents to cheat the college admissions system. By faking standardized test scores and bribing athletics officials, those parents managed to get their kids into elite schools like Georgetown, Stanford, Yale, and USC. But what if you don’t want
Lyft may have launched with a frothy stock price in a not so frothy stock market. The ride share company’s freshly minted stock, after an initial surge, fell below its offer price on its second day of trading Monday, a warning that other hyped unicorns may have to be more conservative about their price in
Fentanyl issues could derail the prospects of a U.S.-China trade deal if the Chinese government does not crack down on the highly-addictive pain relieve in good faith, CNBC’s Jim Cramer said Monday. “We may eventually get a trade deal, but it won’t be quick, it won’t be easy, and you certainly shouldn’t be buying stocks
WHEN PARTS OF THE FEDERAL GOVERNMENT SHUT DOWN toward the end of last year, many Americans went without a paycheck or two. Crisis followed. A tax examiner for the IRS couldn’t afford to pick up his insulin prescription. A geologist for the Department of Interior was left with just $33. Some workers had to take
Guggenheim restrained its enthusiasm for shares of Lyft on Monday, beginning coverage of the rideshare company’s stock with a neutral rating due to what the firm sees as a hazy outlook. “We simply have to look too far out with too many big assumptions in order to make a case for the stock,” Guggenheim analyst
Check out the companies making headlines before the bell: Cal-Maine Foods — The egg producer reported quarterly profit of 82 cents per share, well above the consensus estimate of 43 cents a share. Revenue also topped Wall Street forecasts. Cal-Maine points to favorable demand trends and a strong performance by its specialty egg business. Kellogg
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