Best Buy beat Wall Street estimates for quarterly same-store sales on Thursday, as the consumer electronics retailer sold more wearables and tablets and signed up more people to its subscription-based tech support services. Best Buy’s overall same-store sales rose 1.1% in the first quarter ended May 4. Analysts on average had expected a 0.9% increase,
Month: May 2019
A Boeing 737 MAX 8 is pictured outside the factory on March 11, 2019 in Renton, Washington. Stephen Brashear | Getty Images A European pilots’ group Thursday urged the region’s aviation regulator to conduct its own thorough and independent review of the Boeing 737 Max before allowing the planes to fly again. International air safety
There has been a great deal of news about the rising cost of college tuition. However, discounts at private colleges and universities are actually on the rise. Private colleges are offering students larger grants relative to tuition prices than ever before, according to a new analysis by the National Association of College and University Business
The booster of SpaceX’s Falcon 9 rocket lands on the company’s barge after launching the Spaceflight SSO-A mission. SpaceX Elon Musk’s SpaceX, in a previously secret lawsuit revealed on Wednesday, challenged the Air Force awarding $2.3 billion in rocket development contracts last year to competitors Blue Origin, Northrop Grumman and United Launch Alliance, which is a
When celebrity plastic surgeon Raj Kanodia started building his 34,000-square-foot mansion to flip for a profit, his real estate friends gave him a warning. “They said, ‘You’re way out of your league,'” Kanodia recalled. “They told me, ‘You’ll run out of money and you’ll be forced to sell it to service your debts.'” Four years
Slowing iPhone demand, trade war headwinds and possible ripple effects from a Huawei battle don’t bode well for Apple, according to a UBS analyst. The Swiss bank cut its 12-month price target on the iPhone maker to $225 — down from a previous $235. Apple closed at $186 Thursday. UBS still has a “buy” rating
Lowe‘s shares plummeted 9% before the bell Wednesday after the company posted mixed fiscal first-quarter results and cut its forecast for the fiscal year. Here’s how the company did, compared with what Wall Street was expecting, according to Refinitiv consensus estimates: Earnings per share: $1.22 adjusted, vs. $1.33 estimated Revenue: $17.741 billion, vs. $17.664 billion
CNBC’s Jim Cramer continues to suggest that investors should own Apple’s stock and not trade it, even as the company weathers the storm of the prolonged trade war. “You need to strap yourself to the mast if you’re gonna hold onto this one, as we’ve done for my charitable trust,” the “Mad Money” host said
Largely thanks to hurried commuters, the U.S. is finally embracing contactless payments, which will likely accelerate the move away from cash in favor of credit, debit and mobile wallets. On May 31, New York City subways and buses will enable riders to tap a contactless bank card or their mobile wallet at some turnstiles to
Paul Bradbury | OJO Images | Getty Images Investing can be stressful. Anyone holding stocks and bonds through the 2008 financial crisis knows that all too well. For the financial advisors who help investors navigate the investment markets, it’s no picnic, either. A recent survey of investors and financial advisors by the Financial Planning Association
Steven Mnuchin, Treasury secretary, arrives at a hotel in Beijing, China, on Thursday, March 28, 2019. Gilles Sabrie | Bloomberg | Getty Images Treasury Secretary Steven Mnuchin said Wednesday that he’s spoken with a top Walmart executive about how retail giant can best position itself and keep prices low amid the growing trade dispute between
With no one hitting all the winning numbers in Tuesday night’s Mega Millions drawing, the jackpot has jumped again. Now at $393 million, the top prize has been climbing for more than two months. And while the odds are stacked against players winning — your chance is 1 in about 302 million — the IRS
The “Fast Money ” traders shared their first moves for the market open. Pete Najarian was a buyer of Deckers. Brian Kelly was a buyer of Twitter. Mark Tepper was a buyer of D.R. Horton. Tim Seymour wsa a buyer of Constellation Brands. Trader disclosure: Pete Najarian is long calls BZH, CSCO, DVN, FCX, FXI, HUYA,
Vans sneakers on beach Source: Vans Apparel maker VF Corp exceeded Wall Street’s quarterly sales expectations, boosted by higher demand for its Vans sneakers and outdoor wear brand North Face. Net income fell to $128.8 million, or 32 cents per share, in the fourth quarter ended March 30, from $252.8 million, or 63 cents per
saulgranda | Moment | Getty Images A ban on plastic drinks stirrers, straws, and plastic-stemmed cotton swabs will come into force in England next April. “Urgent and decisive action is needed to tackle plastic pollution and protect our environment,” Environment Secretary Michael Gove said in a statement Wednesday. “These items are often used for just
Hero Images | Getty Images When it comes to putting a ring on it, younger generations are saying yes, but for less money. Two-thirds of younger Americans — Generation Z and young millennials — think an engagement ring should cost less than $2,500, according to a new survey from TD Ameritrade. That is about half
Deutsche Bank is standing by its call for a 30% return on the S&P 500 this year, despite increasing global fears over the escalating U.S.-China trade dispute. Binky Chadha — head of asset allocation and chief equity strategist at the firm — told CNBC on Tuesday he is keeping the S&P target at 3,250, which
President Donald Trump waves during joint statements with China’s President Xi Jinping at the Great Hall of the People in Beijing, China, November 9, 2017. Thomas Peter | Reuters U.S. President Donald Trump’s latest tariff increase — and Beijing’s plans to counter them — are hitting U.S. companies in China. Nearly three-fourths, or 74.9%, of almost
Patrick T. Fallon | Bloomberg | Getty Images Home Depot on Tuesday reported first-quarter earnings that beat analysts expectations, but same-store sales fell short fo estimates. Here’s how the company did, compared to what Wall Street expected, according to Refinitiv consensus estimates Earnings per share: $2.27, vs. $2.18 expected Revenue: $26.381 billion, vs. $26.378 expected
CNBC’s Jim Cramer said Tuesday it appears that cannabis companies could be seeing some “meaningful differentiation.” He took a look at the chart patterns of stocks in the sector as interpreted by Tim Collins, a technician and Cramer colleague at RealMoney.com. “The charts, as interpreted by Tim Collins, suggest that GW Pharma and Village Farms
Once primarily used for financing purchases such as washing machines or winter coats when the economy was floundering, layaway has a whole new look. Now called point-of-sale loans, installment payments are once again shaking up how consumers finance purchases — on everything from sneakers to skin care. “As brick-and-mortar retailers continue to face challenges, many
When Julie Penwell graduates from Central Washington University this spring, she plans to pursue the career she has been dreaming about since she was 15-years-old — that of a personal financial planner. Penwell decided to pursue the profession after a high school financial planning class gave her what she describes as “base level financial literacy”
Dara Khosrowshahi, chief executive officer of Uber Technologies speaks on a webcast during the company’s initial public offering on the floor of the New York Stock Exchange, May 10, 2019. Michael Nagle | Bloomberg | Getty Images Uber is a revolutionary company, but don’t rush to buy the stock, Susquehanna Financial Group said Tuesday. “We
Jonya | Getty Images Economic optimism among young people is at record lows around the world, according to a new research. Deloitte’s 2019 Millennial Survey, published Monday, found that younger generations are not particularly satisfied with their financial situations, jobs, or governments. Researchers from the management consultancy surveyed 13,416 millennials across 42 countries and 3,009
Visitors try out the Huawei Mate S smartphone. Sean Gallup | Getty Images News | Getty Images Shares of chipmakers rebounded from a sell-off on Tuesday after the U.S. temporarily eased some trade restrictions on China’s Huawei. The U.S. Commerce Department said late Monday it granted a 90-day license for mobile phone companies and internet
People approaching Kohl’s department store in Mount Kisco, New York. Scott Mlyn | CNBC Kohl’s on Tuesday reported mixed earnings for the first quarter but trimmed its outlook for the full year, sending shares tumbling more than 10%. The retailer for the first time in two years also missed same-store sales expectations. CEO Michelle Gass
Boeing shares rose Tuesday after a Wall Street Journal report said aviation officials believe a bird strike may have caused the crash of a 737 Max in Ethiopia in March. The fast-selling Boeing 737 Max airplanes have been grounded since shortly after that accident, which came less than five months after a similar crash in
Billionaire technology investor and philanthropist Robert F. Smith announces he will provide grants to wipe out the student debt of the entire 2019 graduating class at Morehouse College in Atlanta, Sunday, May 19, 2019. Steve Schaefer | Atlanta Journal-Constitution via AP Nearly 400 young men at Morehouse College learned on Sunday that their commencement speaker
A tribute to Jack Bogle, founder and retired CEO of The Vanguard Group, is displayed on the bell balcony over the trading floor of the New York Stock Exchange in New York, January 17, 2019. Brendan McDermid | Reuters If you’re a follower of Jack Bogle’s legendary investment philosophy, you want to buy low-cost index
A SpaceX Falcon Heavy rocket, carrying the Arabsat 6A communications satellite, lifts off from the Kennedy Space Center in Cape Canaveral, Florida, April 11, 2019. Thom Baur | Reuters SpaceX has hurtled to the top of the launch industry over the past decade, last year bringing in more revenue than any other rocket company, according
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