Against a backdrop of plentiful jobs and an early-year surge in the stock market, Americans’ financial happiness has hit a new high. The American Institute of CPA’s quarterly Personal Financial Satisfaction Index, released Thursday, is up 11% from the previous reading and 27% higher than a year ago. “People are feeling more comfortable with their
Month: April 2019
The Kroger Co.: “It’s a tough one. I’ll tell you why it’s so tough: because you’re up against Amazon and Walmart and you’re up against Target. It’s too much. Uncle! I’m gonna have to say Uncle when it comes to Kroger. Uncle Kroger. “ Akamai Technologies Inc.: “The comeback continues with Akamai. They’ve got the
Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on Monday, March 25, 2019, in Cupertino, California. Noah Berger | AFP | Getty Images When Apple announced its credit card last month with a big, splashy announcement, Goldman Sachs was a major reason behind it. But you wouldn’t know that
Chevron is scheduled to report earnings for the first quarter of 2019 before the bell. Here’s what Wall Street expects: Earnings: $1.30 per share, according to Refinitiv Revenue: $38.43 billion, according to Refinitiv Chevron’s performance in the Permian Basin and production forecasts for the Texas-New Mexico oil region will be in focus. The company announced
Lockheed Martin delivered the best conference call to its shareholders out of the defense sector, CNBC’s Jim Cramer said Friday. The largest military contractor in the world, the Bethesda, Maryland-based manufacturer trounced analyst expectations on earnings per share, $5.99 versus $4.34, and revenue, $14.3 billion versus $12.6 billion. Raytheon, a major contractor for the U.S.,
Many people nearing retirement and craving warmth think of Florida. Yet some destinations offer even more idyllic weather — if you’re willing to look beyond the U.S. A new report by International Living, a guide to retirement abroad, ranks destinations where you might think about spending your later decades by their weather. Of course, not
Tuition-free college isn’t quite the holy grail of zero-cost higher education, but it’s pretty close. In all, about 20 states offer students access to tuition-free college, according to the Campaign for Free College Tuition. Of these, 11 offer what’s known as a promise program, typically funding two years of education at participating community college. They
We all make mistakes, yet there are a few bad habits the super-rich tend to avoid. Here are five money missteps that may be keeping you from getting rich. When the stock market drops — as we saw in December, when major indexes all dropped at least 8.7% — you have to know what you
PayPal is on a spending spree. Its latest mega-investment in Uber this week hints at a larger strategy to compete abroad. The payments giant is investing $500 million Uber ahead of the highly anticipated IPO, according to Uber’s updated S1 filing. In March, PayPal invested $750 million in Argentina’s e-commerce giant MercadoLibre. “I don’t think
Exxon Mobil is expected to report earnings for the first quarter of 2019 on Friday. Here’s what Wall Street expects: Earnings: 69 cents per share, according to Refinitiv Revenue: $64.82 billion, according to Refinitiv Analysts will be on watch to see if Exxon can continue to increase its oil and natural gas production after the
Uber seeks to raise about $9 billion in cash in its initial public offering next month when it is expected to debut on the New York Stock Exchange under the symbol “UBER.” The company plans to offer 180 million shares at $44 to $50 per share, according to an updated filing released Friday morning, valuing
You don’t know what you don’t know. And that’s the whole problem with financial literacy. Scrambling to pay bills or struggling with credit card debt is just the tip of the iceberg. Can you manage your own finances successfully if you don’t understand the relationship between bond prices and interest rates? Ric Edelman, founder of
The stock market is being flooded with new initial public offerings and many of the best performers in the 2019 class aren’t worth chasing at current levels, CNBC’s Jim Cramer said Thursday. “Given the big jumps in stocks like Zoom and Pinterest, and those weak numbers and forecast from Intel tonight, I’m starting to worry
Capitalism vs. socialism? For Melinda Gates, the choice is simple. “What I know to be true is I would far rather live in a capitalistic society than a socialist society,” Gates said in an interview with CNBC’s Becky Quick that aired on “Squawk Box” on Wednesday. “I think when we stop and think of what
Instead of focusing solely on his signature investment initiative, Chinese President Xi Jinping spent a good portion of a speech at the Friday opening ceremony of China’s Belt and Road forum discussing his plan for national economic reforms. Much of that discussion focused on issues at the heart of the ongoing trade war between Washington
U.S. manufacturing conglomerate 3M on Thursday said it would lay off 2,000 workers globally as it reported a lower-than-expected quarterly profit and cut its 2019 earnings forecast due to worsening performance in key markets. The job cuts, part of moves to restructure its businesses into four operating units from five, would result in an estimated
Renault said first-quarter revenue fell 4.8 percent, weighed down by currency setbacks and the French carmaker’s withdrawal from Iran last year. Revenue fell to 12.527 billion euros ($13.95 billion) for January-March from 13.155 billion a year earlier, the company said on Friday. On a like-for-like basis excluding currency effects, the decline would have been 2.7
The final stats are in from the IRS — and it looks like the average tax refund check isn’t all that different from last year. The average refund check for the week ending April 19 was $2,725, according to the tax agency. That’s down 2% from a year ago. In all, the federal government paid
Vanguard Group, the globe’s second-largest asset manager, announced Thursday plans to allocate a fraction of its vast voting powers on corporate boards to outside fund supervisors that control more than $470 billion of its holdings. Firms that manage Vanguard’s active equity funds will soon receive approval to vote on some of the important decisions in
Officials from the FBI and U.S. Attorney’s office in Florida have been interviewing customers of JetSmarter about the private jet company’s business practices and communications, according to JetSmarter customers. The scope and nature of the inquiries are unclear. In a statement to CNBC from JetSmarter and its new owner Vista Global, the company denied JetSmarter
The corporate earnings season is in full swing and Twitter so far is its biggest winner, according to data compiled by Bespoke Investment Group. Bespoke found that Twitter has had the most positive reaction to earnings out of all the other companies that have reported. The stock surged 15.6% on April 23 after the social
Altria on Thursday reported first-quarter earnings and revenue that missed analysts’ expectations and drove its shares down 2% 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: 90 cents, adjusted, vs. 92 cents expected Revenue: $4.39 billion vs.
Thousands of flights have been canceled since all of Boeing’s 737 Max airplanes were grounded on March 13, forcing American, Southwest, United and many international airlines to scramble and adjust schedules, rebook passengers and figure out what comes next. Airlines expect Boeing to issue software updates and new training procedures for the 737 Max planes
With the U.S housing bubble far in the rear-view mirror, home prices in most places have passed their pre-recession peak. In other spots, though, it’s a different story. The chart above compares current home prices to those in May 2007, which is when values peaked nationally and began sliding (some areas hit their exact top
CNBC’s Jim Cramer on Wednesday said too many Wall Street watchers assumed that businesses’ first quarter earnings results would be horrid and now the stock market is rallying on companies besting expectations. Analysts based their 2019 predictions on the Federal Reserve-induced fourth-quarter sell-off and prolonged U.S.-China trade war, but never revised their outlooks as the
Billionaire philanthropist and former tech executive Melinda Gates is urging parents in the United States to vaccinate their children because it “saves lives.” In an interview with CNBC’s Becky Quick that aired Wednesday, Gates said she is “very frustrated” by the growing misinformation efforts of anti-vaccination activists, a vocal fringe in the U.S. who oppose
Check out the companies making headlines after the bell: Shares of Facebook popped more than 7% in extended trading Wednesday following the release of the social media giant’s first-quarter earnings. Facebook reported earnings per share of 85 cents, which was not comparable to analysts’ estimates due to a $3 billion legal expense related to a
Facebook reports earnings after the closing bell Wednesday, and investors will be looking for signs it can shift its business to focus more on privacy while continuing to grow revenue and users. “I believe the future of communication will increasingly shift to private, encrypted services where people can be confident what they say to each
CVS Health is about to make it easier to straighten your teeth. The drugstore chain will open “hundreds” of SmileDirectClub locations inside its stores this year, with plans to open more than 1,000 locations over the next two years, the company announced Thursday. Called a SmileShop, customers can receive a 3D scan of their teeth
Americans are more optimistic than they’ve been in years about life in retirement. Yet one question remains: Will they have enough money? According to a new study by the Employee Benefit Research Institute, confidence among U.S. workers has rebounded to pre-recession levels, with more than two-thirds (67%) saying they are very or somewhat confident they’ll
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