CNBC’s Jim Cramer said Monday that investors should be ready to buy into VF Corp, even though the retail sector has taken a big hit by trade tensions. VF Corp is the parent of notable fashion labels such as Vans, The North Face, and Timberland that has gotten leaner after its recent spin-off of its
Month: June 2019
© Marco Bottigelli | Moment | Getty Images Haven’t booked that summer vacation yet? You aren’t alone. According to a recent survey by BankRate, 22% of Americans still haven’t decided whether they are going to take a trip this summer. However, it’s not too late. While the season is one of the busiest, there are
Traders work at Goldman Sachs booth on the floor of the New York Stock Exchange in New York. Scott Eells | Bloomberg | Getty Images The market, already in turmoil amid the U.S.-China trade war, was hit by another bombshell last week — President Donald Trump’s threat to slap tariffs on all Mexican imports. For
A slowdown in trucking and transportation is causing some on Wall Street to worry about an impending slowdown in the U.S. economy. The Cass Freight Index, a broad measure of freight shipment activity, fell 3.2% in April from the previous year. That drop was before President Trump’s surprise announcement of new tariffs on Mexico, suggesting
Microscipic view of pancreatic cancer cells. Stocktrek Images | Getty Images Biotech stocks jumped Monday after pharmaceutical companies presented some positive drug trial results on experimental medicines that give hope for breakthrough treatments for a number of the world’s toughest cancers. The SPDR S&P Biotech XBI, an ETF that tracks the industry’s biggest companies, was
You don’t need a million dollars to live a luxurious retirement if you’re willing to leave the United States. “Most people assume that a high-flying existence like that is the purview of the rich and famous alone,” said Jennifer Stevens, the executive editor of International Living. They’re wrong, Stevens said. The website for expatriates is
The economic relationship between the United States and China needs to change, Tony Ressler, a billionaire veteran of Wall Street, said Friday. “The Trump administration is making some very important points about how we do business with China,” said Ressler, co-founder of private equity giants Apollo Global Management and Ares Management. President Donald Trump, through
Gary Vaynerchuk says he “spends very little time looking backward.” That’s because the serial entrepreneur and investor lives his life inspiring millions around the world to work hard, create value, live a better life and find happiness. While Vaynerchuk, whose net worth is estimated at around $160 million, lives by this philosophy every day —
Long-time market bull Phil Orlando just cut his exposure to stocks. The Federated Investors chief equity market strategist cites President Donald Trump’s new threat to impose 5% tariffs on Mexico imports for the decision. “In light of this growing uncertainty and expanded downside risk, we opted to pull in our horns a bit this morning, and we
PVH Corp. cut its annual profit forecast by 10 cents a share on Wednesday as the Calvin Klein and Tommy Hilfiger brands owner grapples with tariffs and slowing retail growth, exacerbated by weak spending from overseas shoppers in the face of a strong U.S. dollar, sending its shares down 12% after hours. Escalating trade tensions
An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. Lindsey Wasson | Reuters More than 300 Boeing 737 jets, including the Max, may have wing parts could have been improperly manufactured and may not meet regulatory requirements for strength and durability,
One in 4 adults will become disabled at some point before reaching retirement age, according to the Social Security Administration. Yet few people prepare for the possibility that any one ailment could cause them to miss work for an extended period of time. A total of 20.1 million adults of employment age report a work
U.S. President Donald Trump answers questions on the comments of special counsel Robert Mueller while departing the White House May 30, 2019 in Washington, DC. Win McNamee | Getty Images Tariffs that the U.S. is threatening to impose against Mexican goods could have steep costs, both economically and politically, while also impacting important policy decisions.
Ferrari SF90 Stradale Source: Ferrari Ferrari just launched Its most powerful street-legal car ever — a 986 horsepower road bullet with three electric motors. The SF90 Stradale marks Ferrari’s first plug-in hybrid that’s not built for the racetrack. It’s powered by a 4.0-liter turbocharged V8 that generates 769 horsepower, but gets another 217 horsepower from three
Arriving in my downtown Boston office one day last month, after an early spin class, I read a surprising article about my gym. Equinox, the operator of nice (okay, high-end) health clubs, is branching out of its expertise, opening its first branded hotel and investing in a real estate project that will include co-workspace and
An employee arranges merchandise at a Dollar General store in Arvada, Colorado. Rick Wilking | Reuters Dollar General beat analysts’ estimates for quarterly same-store sales on Thursday, as customers spent more on groceries, seasonal products and home goods at the discount retailer’s stores. The company reported a 3.8% rise in same-store sales, beating the average
Christopher Ahlberg, CEO of Recorded Future Recorded Future On Thursday, Recorded Future — a threat intelligence company little known outside cybersecurity circles — announced its sale to venture firm Insight Partners for $780 million. The deal bought out high-profile investors in the company, including Alphabet‘s GV (formerly Google Ventures), the CIA’s In-Q-Tel and Reed Elsevier,
WASHINGTON, DC – Rep. John Larson (D-Conn.) speaks during an event to introduce legislation called the Social Security 2100 Act. which would increase increase benefits and strengthen the fund, during a news conference on Capitol Hill January 30, 2019 in Washington, DC. (Photo by Mark Wilson/Getty Images) Mark Wilson | Getty Images News | Getty
The Federal Reserve is likely to cut interest rates twice this year in response to the impact from President Donald Trump potentially opening a new front in the trade war, according to J.P. Morgan strategists. The firm is the first on Wall Street to catch up to market expectations that the Fed will ease policy
There’s nearly $800 million up for grabs this weekend in the nation’s two largest lotteries. With no ticket matching all winning numbers in Wednesday night’s Powerball drawing, the jackpot has jumped to $350 million. Between that and Mega Millions’ $444 million top prize, a whopping $794 million is waiting for winners in the next two
Traders work on the floor of the New York Stock Exchange (NYSE) on May 31, 2019 in New York City. Spencer Platt | Getty Images Stocks pulled back sharply last month as investors fretted over U.S. trade relations with China and Mexico and worries over global economic growth. However, drops like this one are more
Uber reported earnings for its first time since its public market debut earlier this month, reporting revenue at the top end of its preliminary estimates and roughly matching analyst estimates for net losses. The stock barely moved on the news of the report but rose more than 3% during executives’ call with analysts as they
A Huawei Technologies Co. mobile phone, which runs on the Android operating system. Chris Ratcliffe | Bloomberg | Getty Images Samsung and Apple could benefit in the smartphone market after the United States put Huawei on a blacklist that effectively bans U.S. firms from doing business with it, TF International Securities analyst Ming-Chi Kuo wrote
Uber driver Sonam Lama. Annie Nova | CNBC AT 3 A.M., SONAM LAMA’S ALARM goes off. In his house in Queens, New York, while his wife and baby son sleep, he pulls on his clothes and makes coffee. Then he turns on his Uber app and waits. On this morning, a warm but windy Tuesday
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE), May 6, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images Evaluating the price-earnings ratio is a deeply ingrained practice for investors. But it isn’t a metric that delivers positive results,
Adrian Weinbrecht | Getty Images It’s no surprise that your likelihood of divorce is somewhat based on your relationship with money. Money is the leading cause of stress in a relationship, according to data from Northwestern Mutual’s 2018 Planning & Progress Study. The survey of over 2,000 adults found that 41% of people said financial
Traders work on the floor at the New York Stock Exchange (NYSE) in New York. Brendan McDermid | Reuters Stocks posted their first negative month of the year as trade angst deepened, and it doesn’t get easier from here since the U.S. toughened its stance on more trading partners. Now is a good time for
Art Peck, president and chief executive officer of Gap Inc. David Paul Morris | Bloomberg | Getty Images Gap Inc. shares tanked Thursday after the apparel retailer reported quarterly earnings and sales short of Wall Street estimates. Its shares cratered more than 10% in after-hours trading, having closed the day at a fresh low of $20.60
Roy Mehta | Getty Images This summer when it comes time to celebrate with friends, it’s more likely someone in the group will be raising a glass with a beverage that doesn’t have alcohol. The trend coincides with changing consumer tastes, as more people try to eat and drink healthier and follow low-carb diets like
As the nation’s heartland endures heavy rainfall, catastrophic flooding and deadly tornadoes, homeowners elsewhere shouldn’t assume they are out of harm’s way. Now is the time to evaluate any risk for potential summer storm damage. The Atlantic hurricane season runs from June 1 through Nov. 30. And although the National Oceanic and Atmospheric Administration predicts