If you’re looking in your 401(k) plan for investments that back clean energy or gender and racial diversity, you may have a tough time finding them. A recent survey from Natixis Investment Managers finds that many workers would be more likely to save for retirement if their employer-sponsored retirement plan offered socially-conscious investments. Of the
Month: April 2019
Concerns about trade are weighing on the stock market — and it could get worse, veteran trader Art Cashin told CNBC on Tuesday. The Dow Jones Industrial Average fell for the second straight day Tuesday and Cashin pinned the blame on tariff threats between the United States and the European Union. That, in turn, has
Twitter says it paid co-founder Jack Dorsey a salary last year for the first time since he returned to his post as CEO in 2015. The billionaire was paid a symbolic sum of $1.40 in 2018, the firm said in a regulatory filing Monday, likely a reference to Twitter’s old character limit. Twitter’s reasoning? It’s
Semiconductor stocks, up sharply this year on hopes for a China trade deal, could face their day of reckoning during earnings season. On Tuesday, chip stocks were being sold in a broader market decline, that saw some other tech names, like Apple and Facebook hold onto gains. The S&P technology sector closed at a record
The prolonged grounding of Boeing’s 737 Max jets forced American Airlines on Tuesday to cut its revenue guidance for the first quarter. The company reduced its total expected revenue per seat mile, a key industry measure of performance, to flat to up to 1% from its previous guidance of flat to up to 2%. The
The long awaited “Avengers: Endgame” is just 17 days away and it’s already smashing box office records left and right. Presale tickets went on sale last Tuesday, and exceeded first-hour and first-day records on both Atom Tickets and Fandango. A week later, “Endgame” has done something even more impressive. In its first week, the 22nd
One day, you may look back on your 20s and wonder how you did it. The word “busy” doesn’t begin to describe the different things most people juggle in the years following graduation from college. If you type “your 20s are” into Google, autofill helpfully suggests “hard,” “lonely,” “the worst,” “confusing” and, perhaps most fittingly,
CNBC’s Jim Cramer on Monday noted that shares of 3M, the company that makes Scotch tape and Post-it notes, have been soaring since the Federal Reserve ended plans to raise interest rates in 2019. After falling from $193 to about $178 in December, Cramer said the equity has rebounded from apparent weaknesses, which the notable
JetSmarter has reached an agreement to settle claims made by some of its members that the company engaged in unfair and deceptive practices, according to a settlement notice. The private jet company, which once had more than 8,000 members and a self-proclaimed valuation of over $1 billion, has been the target of more than a
India heads to the polls starting this week to elect members for the lower house of its Parliament. The outcome, to be announced in May, will determine if Narendra Modi can secure a second term as prime minister. One of the major political opposition groups to Modi’s ruling Bharatiya Janata Party has placed its election
European stocks are set to open slightly lower Tuesday morning, as market participants prepare for key events later in the week. The FTSE 100 is seen 9 points lower at 7,442, the CAC is expected to open down around 8 points at 5,463, while the DAX is poised to start 36 points lower at 11,926,
If you’re looking for a new home in an urban area, you might be attracted to some more up-and-coming areas. But buyer beware: Some of those areas come with big risks. That is according to a new study from GOBankingRates, which evaluated cities based on multiple criteria: percentage of homes with mortgages in negative equity,
President Donald Trump loves climate-wrecking coal and hates the climate-saving Paris Agreement. Meanwhile, forward-looking impact investors hate the problems of burning coal and its financial downside – and love portfolios of companies and funds pursuing climate solutions, which can have stronger returns. This love-hate split has motivated investors – and eco-focused ESG investment funds —
Shares of Roku slipped more than 5 percent Monday after Citi downgraded the stock citing increased competition in the TV streaming space. Despite being up more than 110% year to date, Citi lowered its overall rating for Roku to sell from neutral and changed its target price to $50 from $53. Citi said changes in
American billionaires are calling for changes to the system that enabled them to get rich. Warren Buffett, Jamie Dimon, Ray Dalio, Bill Gates and a list of others say that capitalism in its current form simply doesn’t work for the rest of the United States. Some of their remedies involve higher taxes. Hedge fund titan
Measles cases spiked last week as New York City’s ongoing outbreak worsened, the Centers for Disease Control and Prevention said Monday. In just one week, the number of measles cases around the country so far this year jumped 20 percent, according to new CDC data. The total now stands 465, the second-highest since the the
College-sponsored bank accounts ding students with millions of dollars in fees each year, according to a report by the Consumer Financial Protection Bureau. The Education Department under President Donald Trump never published the analysis but advocacy groups recently obtained it through a Freedom of Information Act request. The bureau reviewed 573 colleges across the country
Active equity fund managers have lagged the S&P 500 for nine years in a row. But, one expert that manages $300 billion in bond assets says active management in the Treasury market tells a different story. “Active equity market-makers and portfolio managers have more of a challenge ahead of them. In fact, only about 25%
Much of Wall Street may consider Europe a danger zone for investors, but BNY Mellon’s Alicia Levine lists it as one of her top market plays. Levine, the firm’s chief strategist, believes big gains are in store for the battered region. “There are great opportunities in the places where people feel the worst about. And,
Britain proposed new online safety laws on Monday that would slap penalties on social media companies and technology firms if they fail to protect their users from harmful content. Easy access to damaging material particularly among young people has caused growing concern worldwide and came into the spotlight in Britain after the death of 14-year-old
If you’re divorced, you don’t need to be told that your financial life has changed. However, one key indicator — how willing you are to talk to family about money — shows just how much your finances and relationships can be upended. Results from the CNBC Invest in You and Acorns Savings Survey show that
You know you need to save for retirement and you know how you need to do it. But what happens when you get to your retirement years? Do you know how to turn your life savings into a steady, tax-efficient stream of income? For many individuals, the answer is no. And you’re not alone. Most
Market sentiment is not great for Gulf states at the moment, Deutsche Bank’s Middle East and Africa CEO said Wednesday, acknowledging the concerns that investors have held about the region in recent years. “The private sector across the region, frankly, is still, sentiment-wise, not feeling too positive,” Jamal Al Kishi told CNBC’s Hadley Gamble, discussing
Every week — generally on Thursdays — MIcrosoft CEO Satya Nadella and his top lieutenants convene to discuss the company’s growing number of artificial intelligence projects. Known as AI 365, the meetings started over a year ago and reflect Microsoft’s increased emphasis on AI across the product portfolio, Chief Technology Officer Kevin Scott told CNBC
Requiring high school students to take a personal finance course reduces their likelihood of taking out expensive payday loans down the road. That’s the takeaway from research being released by the FINRA Investor Education Foundation in conjunction with April financial literacy month. The short-term loans, typically due by your next payday, can come with interest
Though many American industries have ramped up hiring in recent years amid a strong economy and easier regulations under President Donald Trump, one sector in particular has lagged the rest: retail. Since January 2017, retail has lost more than 140,000 jobs; the sector added to that in March 2019 with a loss of more than
Herman Cain addressed President Donald Trump’s recent announcement that he wants the former pizza chain CEO and Kansas City Fed chairman to join the Federal Reserve Board. In video posted on Facebook, Cain said that a background check would be “more cumbersome” in his case because he has had an “unusual career.” “They have to
Mondelez and Campbell’s Soup are locked in a stalemate over the sale of the soup company’s Arnott’s cookie brands, people familiar with the matter tell CNBC. The Oreo-owner submitted a final offer a few weeks ago for Campbell’s international business, including Arnott’s, that was below Campbell’s roughly $3-billion price expectation, the people said. The two
When it comes to making plays, NFL linebacker Brandon Copeland is no stranger to risky moves. Since graduating from the University of Pennsylvania in 2013, Copeland has gained notoriety with the Detroit Lions and the New York Jets, where he recently re-signed for the upcoming season. Off the field, he plays it very safe. “I
People with student debt may soon have another way to pay their monthly bills. What’s unclear is how much of a help that new method will be. The House Ways and Means Committee earlier this month unanimously passed the Secure Act, which would expand 529 accounts to cover costs beyond college to those associated with
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