European stocks are expected to start Friday’s session on a relatively positive note, as investors digested the latest news surrounding trade and the global economy. Looking to the session’s open, the FTSE 100 pointed to a rise of 17 points at 7,274, while Germany’s DAX popped 49 points at 11,995 and France’s CAC 40 indicated
Month: June 2019
Oliver Rossi | The Image Bank | Getty Images Legislation that will help workers save for retirement could also have a chilling effect on a strategy to pass individual retirement accounts on to heirs. The bill, known as the Secure Act, sailed through the House on May 23. Legislators on both sides of the aisle
Jose Luis Pelaez | Iconica | Getty Images Cryptocurrencies are out and cannabis stocks are in, according to the latest investing trends survey by the Financial Planning Association. The 392 financial advisors who participated in this year’s study, the 2019 Trends in Investing Survey, said that 55% of their clients have asked about investing in
Scrutiny from federal regulators will likely have a chilling effect on mega deals from some of the world’s most valuable companies. While a bulk of Wall Street analysts have said that possible antitrust probes into Facebook, Apple, Google’s parent company Alphabet and Amazon won’t result in actual breakups, it could hurt their ability and appetite
[embedded content] New York Federal Reserve President John Williams, addressing a key market concern about the future, said the move of near-term bond yields above their longer-duration counterparts is only one consideration when determining what the economy will look like in the future. The inverted yield curve is not “an oracle,” he said Thursday during
Packages Dunkin’ Donuts and Folgers coffee are displayed on a shelf at a grocery store in San Rafael, California. Getty Images Packaged food maker J.M. Smucker forecast full-year profit above estimates and beat Wall Street expectations for quarterly earnings, boosted by demand for its coffee and pet foods, including brands Meow Mix and Nature’s Recipe.
Former US President Barack Obama and his wife Michelle arrive at the Obama Foundation Summit in Chicago, October 31, 2017. Jim Young | AFP | Getty Images The Obamas are getting into the podcasting business, and Spotify has the exclusive rights. Spotify announced Thursday that it has signed a partnership deal with Barack and Michelle
John Wildgoose | Getty Images College degrees can actually widen the gender wage gap. Women with a bachelor’s degree earn 74 cents for every dollar a man with a bachelor degree makes, according to a new analysis by the U.S. Census Bureau. Among workers without a degree, in comparison, women make 78 cents for every
Workers assemble cars on the line at Tesla’s factory in Fremont. David Butow (Photo by David Butow/Corbis via Getty Images) David Butow | Corbis News | Getty Images A key metric for Tesla’s sales bounced back in the spring after a disappointing first quarter, but the company will need consistent strong performance to return its
A pedestrian walks past the Federal Reserve building on Constitution Avenue in Washington, March 19, 2019. Leah Millis | Reuters Investors are getting too far ahead of themselves in expectations for the Federal Reserve to cut rates, according to a pair of top bankers at UBS and Goldman Sachs. Hopes for cheaper borrowing costs have
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 30, 2019. Brendan McDermid | Reuters Traders are begging the Federal Reserve for several rate cuts this year to salvage an economy they see set to slow significantly because of worsening trade disputes. The market cheered this week when Fed
Arnott’s brand crackers at a convenience store. Jeff Greenberg | Universal Images Group | Getty Images Mondelez‘s efforts to buy Campbell Soup‘s iconic Australian Arnott’s biscuit brand have ended, people familiar with the matter told CNBC. The two had been in a stalemate over price, CNBC previously reported. Mondelez had submitted a final offer for Campbell’s
The Securities and Exchange Commission on Wednesday adopted a new regulation that calls for brokers to act in the best interest of their clients when making investment recommendations. In a 3-to-1 vote, commissioners approved the Regulation Best Interest, along with other regulatory actions intended to enhance disclosures and clarify certain advisors’ existing responsibility to put
Apple CEO Tim Cook speaks during the Time 100 Summit event on April 23, 2019, in New York. Don Emmert | AFP | Getty Images Apple is facing two major threats to its bottom line in the form of tariffs and antitrust regulations and Morgan Stanley on Wednesday broke down what the government-created pressures may cost
The Mega Millions jackpot has climbed higher yet again. With no ticket matching all six numbers in Tuesday night’s drawing, the top prize is now $530 million. It marks the seventh-largest jackpot in the game’s history. Meanwhile, a North Carolina man came forward on Tuesday to claim the $344.6 million Powerball jackpot that he won
Campbell’s Soup products stand on a store shelf David McNew | Getty Images Check out the companies making headlines midday Wednesday: Salesforce — Shares of cloud software company Salesforce rose 3.7% on first-quarter that beat analysts’ expectations. Revenue came in at $3.74 billion, topping a Refinitiv estimate of $3.68 billion. Earnings per share totaled 93 cents,
The logo for Campbell’s Soup appears above a trading post on the floor of the New York Stock Exchange. Richard Drew | AP Campbell Soup raised its profit forecast for the year on Wednesday after its quarterly earnings beat estimates on stronger sales of its growing range of snacks, sending its shares up nearly 10%.
HP Acthar made by Mallinckrodt Pharmaceuticals is an anti-inflamatory medicine used by multiple sclerosis patients. Source: Mallinckrodt Pharmaceuticals Pharmaceutical company Mallinckrodt said Wednesday it reached a tentative deal with the U.S. Justice Department to settle a drug bribery probe into Questcor Pharmaceuticals, which it acquired in 2014. This story is developing. Check back for updates.
Tek Image | Science Photo Library | Getty Images Morgan Stanley is starting a new program that will let clients donate money to find treatments and cures for diseases. The program, called Morgan Stanley GIFT Cures, began today in tandem with a two-day conference the financial services firm is hosting. All donations made to Morgan
A shopper carries a Tiffany & Co. retail bag on Fifth Avenue in New York, May 30, 2019. Victor J. Blue | Bloomberg | Getty Images Luxury jeweler Tiffany & Co. blamed disappointing quarterly results on a steep decline in Chinese tourism, the company said Tuesday. After slashing the company’s full-year profit outlook to low-to-mid-single-digit
A pedestrian walks past the Federal Reserve building on Constitution Avenue in Washington, March 19, 2019. Leah Millis | Reuters The U.S. Federal Reserve has sent a “very strong signal” that it’s ready to consider cutting interest rates, according to a former Fed governor. Sarah Bloom Raskin, who sat on the Fed board from 2010
CNBC’s Jim Cramer said Tuesday that big tech could be tough to own now that federal regulators have turned their attention to investigate their competitive practices. “I do fear what Justice [Department] and the FTC can do to these companies,” the “Mad Money” host said. Apple: The U.S. Justice Department reportedly wants to crack down
Most people would love to compare paychecks, if only it were more socially acceptable. To pull the curtain back on who is making what and where, personal finance site GoBankingRates determined the average income in every state and the District of Columbia based on data from the U.S. Census Bureau’s 2017 American Community Survey. The
Manhattan aerial view, New York, USA PPAMPicture | E+ | Getty Images Goldman Sachs thinks Uber, as the leader among ride-sharing companies, has a key advantage as dense cities increasingly seek alternative transportation to relieve congestion and avoid heavy infrastructure rebuilding costs. “We believe the growing availability of new mobility options has the potential to
It might be time for investors to take Tesla for a spin. That’s according to Cornerstone Macro technical analyst Carter Worth, who sees the stock making a U-turn after hitting its lowest level in more than three years. Shares of the electric automaker have fallen 43% this year as the company has had to navigate
A pedestrian passes a Tiffany & Co. location. Yuriko Nakao | Bloomberg | Getty Images Tiffany cut its full-year profit outlook after the luxury jeweler blamed “dramatically” lower spending by tourists worldwide for missing estimates for quarterly same-store sales on Tuesday, sending its shares down nearly 5%. The company said it now expects earnings per
Purdue Pharma headquarters stands in downtown Stamford, April 2, 2019 in Stamford, Connecticut. Drew Angerer | Getty Images California, Hawaii, Maine and the District of Columbia filed lawsuits Monday against Purdue Pharma, bringing the total number of states accusing the OxyContin maker of helping to ignite the nationwide opioid crisis to at least 48. Like
Photo by Gary Burchell via Getty Images Moving back in with your parents after college is not a new concept. But around age 28, it starts to get old. That’s when the situation begins to get embarrassing, according to a new survey from TD Ameritrade. That goes for all of the generations surveyed, including young
Getty Images Bank of America cut its 2019 profit outlook for the stock market’s biggest companies on Monday, citing renewed trade tensions between the United States and two key trading partners. The bank’s head of U.S. stock strategy warned clients that the market’s price has yet to reflect the impact the dispute between Washington and
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE), June 3, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images Check out the companies making headlines after the bell: Shares of Box dropped nearly 11% in extended trading after the