Walmart is finally getting into the subscription business for apparel. The retailer on Tuesday announced it’s partnering with Kidbox, a subscription-box company akin to Stitch Fix but focused solely on selling clothes for babies, girls and boys. Now, Walmart shoppers will be able to purchase as many as six different boxes from Walmart.com, curated by
Month: April 2019
If you haven’t pulled your tax return together and sent it into the IRS by now, you’re just about out of time. Monday, April 15, is Tax Day for most Americans. Due to Patriots’ Day holidays on Monday in Maine or Massachusetts, taxpayers in those states have until midnight Wednesday to file. Procrastinators can request
It probably comes as no surprise that your parents helped shape your financial habits. And a new survey from TD Ameritrade shows that the way your parents handled money is likely the biggest influence on how you manage your own finances now. That tops other events from your early years, including your household’s financial situation,
Uber’s real value could be much lower than the price where its public debut is set, according to one expert. The ride-hailing start-up is reportedly seeking a $100 billion price tag when it debuts on the New York Stock Exchange this spring. But NYU Stern professor Aswath Damodaran arrived at his own valuation that’s roughly
Citigroup is scheduled to report quarterly results later on Monday. Here’s what Wall Street is expecting from the banking giant: Earnings: $1.80 per share expected by Refinitiv Revenue: $18.634 billion forecast Fixed-income, currencies and commodities (FICC) trading revenue: $3.05 billion expected by StreetAccount Equities trading: $930 million Investment banking revenue: $1.2 billion forecast Net interest
Airlines canceled more than 4,000 flights across the U.S. this weekend as heavy snow and thunderstorms snarled operations at major airports in cities like Chicago and Dallas, leaving some travelers stranded overnight. Storms dumped more than 5.3 inches of. snow at O’Hare International Airport on Sunday, prompting airlines to cancel more than 1,000 flights. Those
Want to pay less to your credit card company? Make a phone call. While most cardholders have not requested a break on either interest rates or fees recently, the majority of those who did ask were successful, a new survey shows. In the past year — a time when interest rates were rising — 81%
One big bank is not like the other. Financial giants J.P. Morgan and Wells Fargo kicked off earnings season on Friday, both issuing better-than-expected results. But while J.P. Morgan’s stock soared nearly 5%, Wells Fargo’s stock slid, ending the day almost 3% lower. Wells Fargo’s weakness came largely from softer profit guidance from CFO John
North Korea‘s cyber capabilities and financial networks pose a threat to Southeast Asia’s growing, yet vulnerable, cryptocurrency sector, according to British defense and security think tank Royal United Services Institute. North Korea has been heavily sanctioned for years by the United Nations, the United States and other countries over its nuclear and missile ambitions. The
A few years ago, Adidas was struggling to find much interest in its TaylorMade golf clubs. After Tiger Woods’ historic Masters win on Sunday, it may want them back. The sportswear giant put the unit up for sale in 2016 to focus on its shoes and clothing, as the golf industry was under pressure. Woods
Retirement may mean different things to different people, but most agree on one thing. It should be stress-free. However, lack of stress usually comes from years of planning and decades of saving — which not everyone can do. The average savings balance in the U.S. is less than $60,000. Few people can depend on pensions.
If you’re waiting until the absolute last moment to file your taxes, you’re not alone. In fact, 20% to 25% of Americans wait until the last 14 days before the deadline to prepare their returns. But procrastinating is more troublesome this year because it’s the first time taxpayers are filing under the Tax Cuts and
During the IMF meetings in Washington this week, Finnish Central Bank Governor Olli Rehn told CNBC that how the economy evolves by June will be key in determining how “we proceed as regards to our monetary policy stance.” The European Central Bank releases updated macroeconomic projections every quarter. In March, the ECB slashed its growth
On April 1, PagerDuty launched its IPO roadshow. CEO Jennifer Tejada had to assure employees, customers and investors that this was no April Fool’s joke. tweet But over the next 11 days, leading up to the software company’s debut on the New York Stock Exchange on Thursday, Tejada was committed to having fun amid the
People were recently asked in the CNBC and Acorns Invest In You Savings Survey how they would spend an unexpected $5,000 bonus. Good intentions abound: More than a third of respondents said they’d pay off debt. Many others claimed they’d save for short-term expenses (22%) or invest for long-term goals (15%). A measly 2% said
Crude can’t crank higher unless it stays above the key $60 level, says expert technician Louise Yamada. Tightening global supplies have proved bullish for the commodity this year, with U.S. West Texas Intermediate crude prices currently hovering near five-month highs. But the upward action has also been quite volatile, as economic and geopolitical factors have
The idea of a second Brexit referendum is very likely to be put before Britain’s parliament again although the government remains opposed to any new plebiscite, the British finance minister said on Friday. Philip Hammond said he hoped parliament would break the Brexit impasse by passing a deal by the end of June, potentially ending
J.P. Morgan Chase is scheduled to report first-quarter earnings before the opening bell Friday. “In the first quarter of 2019, we had record revenue and net income, strong performance across each of our major businesses and a more constructive environment. Even amid some global geopolitical uncertainty, the U.S. economy continues to grow, employment and wages
Star Wars fans can finally take a vacation to a galaxy far, far away. Galaxy’s Edge, the newest Disney theme park adventure, is opening in about month in California and in Florida in August. On Saturday, during Star Wars Celebration in Chicago, executives from Walt Disney’s Imagineering and Lucasfilm revealed details about what fans can
Many people who wind up with a smaller Social Security check because they claim their benefit early could have waited longer to file, thanks to funds in their individual retirement account. That’s the finding from a recently published study in the Journal of Pension Economics & Finance. “It seems like there is a significant portion
Square Inc.: “I like it. It’s fintech. I do like PayPal a little more, but PayPal is going so far so fast, and this one’s been stuck ever since the fabulous [former CFO] Sarah Friar left. Square is O.K.” Cabot Oil & Gas Corp.: “High-quality company … I think it is a good one.” Philip
Millennials are being squeezed out of the world’s middle class as incomes stagnate and costs rise, according to research by the Organization for Economic Co-operation and Development (OECD). In a report published Wednesday, the 36-nation intergovernmental economic body said younger people were struggling to make it into that bracket, while those who were already included
The global economy is likely to pull out of a brief growth slump later this year — with a little help from the world’s central banks and from U.S. and Chinese trade negotiators. Global finance leaders gathered from the spring meetings of the International Monetary Fund and the World Bank agree that the global economy
PNC Financial Services posted a 2.7 percent rise in quarterly profit on Friday as the U.S. regional bank earned more interest income. The bank’s net income attributable to common shareholders rose to $1.20 billion, or $2.61 per share, in the first quarter ended March 31, from $1.17 billion, or $2.43 per share, a year earlier.
Pinterest will soon go public and there is cause for concern that investors should pay attention to, CNBC’s Jim Cramer said Friday. “Pinterest has a neat concept, and even though I’m definitely not the target demographic, I can see that it’s a fabulous platform for advertisers,” the “Mad Money” host said. “That said, unless you
Late filers: Don’t shred those receipts just yet. You might be able to nab a break on your state tax return. We are closing in on the final days of the 2018 filing season. It’s the first time taxpayers are submitting returns under the Tax Cuts and Jobs Act. This overhaul of the federal tax
The magic of Disney might be back. Shares of the entertainment giant surged to a record high on Friday after Disney revealed details tied to its highly anticipated streaming service, Disney+, at an investor conference Thursday night. The service, which will be available starting in mid-November at $6.99 a month or $69 a year, pits
A pending lawsuit in Florida is a good example of why jackpot winners need to choose wisely when deciding who manages their windfall. The suit, filed on behalf of Gloria Mackenzie, age 90, alleges that her son and his financial advisor mismanaged her winnings after she won the Powerball jackpot in 2013. Her after-tax haul
It’s now up to corporate America to reveal whether the U.S. economy simply hit a soft patch this winter, as many suspect, or is on the verge of falling into an even deeper rut. Earnings from a broad swath of industries, like financials, technology, transportation and consumer products roll out in the coming week as
Wells Fargo reported better-than-expected quarterly results on Friday, sending the stock higher in the premarket. Here’s how the company’s results compared to Wall Street’s expectations: Earnings: $1.20 per share vs $1.09 per share expected by Refinitiv Revenue: $21.609 billion vs $21.012 billion forecast Shares of Wells Fargo traded 2.1% higher on the news. The company’s
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