Allison Shelley | Getty Images News | Getty Images A congressional debate on a bill to reform Social Security has turned to a key question: whether changes made to the system today will upend millennials’ retirement in the future. A committee hearing of the House Ways and Means Committee on Thursday focused on the potential
Month: July 2019
A woman enters Bear Stearns headquarters in New York, March 14, 2008. Daniel Acker | Bloomberg | Getty Images A former trader at Scotia Capital and Bear Stearns pleaded guilty Thursday to a federal crime and admitted manipulating precious metals markets for nine years — the latest in a series of crackdowns in the commodities
Adrian Peterson #26 of the Washington Redskins looks on after being tackled by the Philadelphia Eagles during the first half at FedExField on Dec. 30, 2018 in Landover, Maryland. Scott Taetsch | Getty Images Sport | Getty Images Professional athletes suddenly striking it rich and then precipitously losing it all is a tale familiar to
People walk past the Public Credit Information Service Hall in Suzhou, China, on May 6, 2019. Suzhou was one of several places chosen in 2018 by the Chinese government to run a social credit trial, which can reward or punish citizens for their behavior. Qilai Shen | Bloomberg | Getty Images The Chinese government is
Starbucks raised its full-year earnings and revenue forecast Thursday after more customers returned to cafes in the U.S. and China for pricier drinks. Shares of the company jumped 5.8% in extended trading. The coffee chain’s stock, which has a market value of $110.2 billion, is up 41% so far this year. “Our two targeted long-term growth markets,
The consumer and industrial economies are telling conflicting tales this earnings season, and it could be enough to trigger a change in Federal Reserve policy, CNBC’s Jim Cramer said Thursday. “The industrial economy is so weak that [Fed Chair] Jay Powell now has plenty of ammo to justify cutting interest rates,” he said. “And if
David Muir | DigitalVision | Getty Images It’s hard to turn down cash. That reality explains why half of adults in the U.S. have at least one credit card that offers cash back — compared with just 1 in 5 people who have a travel rewards card, according to Creditcards.com. “Even with a strong economy
A UPS driver pushes a load of packages from his truck to a building in downtown Los Angeles, California, July 22, 2019. Mike Blake | Reuters Here are the biggest calls on Wall Street on Thursday: Credit Suisse upgraded AT&T to ‘neutral’ from ‘sell’ Following the company’s earnings results, Credit Suisse upgraded the stock but
Dick Cavett’s estate in Montauk is listed at $33.95 million, down from $62 million in 2017. Source: Corcoran It’s been a cruel summer for Hamptons real estate Real estate sales and prices in the Hamptons continued to fall in the second quarter, marking a year and a half of declines, according to a report from
Jes Staley, CEO of Barclays Justin Solomon | CNBC Barclays is proving to be one of the early winners from the woes of German rival Deutsche Bank. The British bank, run by ex-J.P. Morgan executive Jes Staley, has persuaded hedge fund clients with $20 billion in balances at Deutsche Bank to move to Barclays, according
Ruth Porat, Alphabet CFO Adam Galica | CNBC Entering its second-quarter earnings report on Thursday, Alphabet’s in a bit of a slump. The stock has dropped almost 10% in the past three months, leaving it up only about 9% for the year, dramatically underperforming its mega-cap tech peers and the benchmark S&P 500, which is
Honda drivers in the U.S. who use the auto firm’s “cloud-based connected car system” can now get their Amazon parcels delivered to the trunk of their car. In a statement earlier this week, Honda said that drivers with a subscription to the HondaLink Remote Services system and a compatible vehicle would be able to use
Nils Hendrik Mueller | Cultura | Getty Images There’s a reason why you shouldn’t pile all your cash into your 401(k): You’ll be paying hefty income taxes in retirement. This is because the money you sock away in that account during your working years is tax-deferred. If your 401(k) makes up most of your savings,
Source: Betterment Regulators have asked online wealth advisor Betterment to clarify some details surrounding its new checking and savings accounts just hours after they were launched. The digital wealth-management start-up unveiled new accounts that offer as much as a 2.69% annual yield. But Betterment was asked to provide more specifics to one of its regulators
The PayPal application on an Apple iPhone. Andrew Harrer | Bloomberg | Getty Images Shares of PayPal fell as much as 6% in after-hours trading after the payments giant missed Wall Street’s estimates for second-quarter revenue and lowered its full-year guidance. PayPal’s revenue for the quarter rose to $4.31 billion, up 12% from a year
Vans sneakers on beach Source: Vans VF Corp.’s quarterly revenue beat Wall Street expectations on Wednesday, helped by higher demand for its Vans sneakers and the North Face brand. Net revenue rose 6.3% to $2.27 billion in the first quarter, beating analysts’ estimate of $2.24 billion, according to IBES data from Refinitiv. Net income fell
Billionaire Jeffrey Epstein in Cambridge, MA in 2004. Epstein is connected with several prominent people including politicians, actors and academics. Rick Friedman | Corbis News | Getty Images Victoria’s Secret owner, L Brands, has hired outside counsel to review the company’s relationship with accused child sex trafficker Jeffrey Epstein, a company spokesperson said on Thursday.
If you run into a big expense and are eyeing tapping your savings, make sure you know how the move would affect your finances. While there are benefits to paying cash for a big-ticket item or unexpected expense instead of financing it and paying interest on the borrowed money, doing so may cost you more
An employee of Tupperware Brands Corporation is at work on the production line at the group’s plant in Joue-les-Tours, centre France, on the day of its 40th anniversary. AFP PHOTO / JEAN-FRANCOIS MONIER (Photo credit should read JEAN-FRANCOIS MONIER/AFP/Getty Images) Jean-Francois Monier | AFP | Getty Images Tupperware shares plummeted after the company’s earnings and
Blackstone chief investment strategist Joseph Zidle believes it’s time for investors to get cautious. He predicts the Federal Reserve won’t deliver expected multiple interest rate cuts in the coming months, and the disappointment will cause stocks to drop from their all-time highs. “The march to 3,000 on the S&P 500 is not really being driven
Shares of Caterpillar plunged after the company posted disappointing second-quarter results as higher material costs including tariffs and lower demand in China made a dent in its profit. Caterpillar earned $2.83 per share in the second quarter, versus consensus estimate of $3.12 per share, according to Refinitiv. Revenue also disappointed with $14.432 billion reported compared
Kraft and Heinz products Scott Olson | Getty Images After a business review that launched the sale of three Kraft Heinz brands, the beleaguered food giant is going back to the drawing board. Kraft Heinz had put up for sale its Maxwell House coffee business, Breakstone’s sour cream and cottage cheese and baby food brand
Elizabeth Warren speaks at her campaign for the Democratic nomination for the 2020 United States presidential election Jeremy Hogan | LightRocket | Getty Images Sen. Elizabeth Warren, D-Mass., introduced a bill Tuesday that would forgive student loans for tens of millions of Americans. Three-quarters of borrowers would have their balances reset to zero. Warren, who is
A vacuuming Roomba model robot is displayed at iRobot headquarters in Bedford, Massachusetts Scott Eells | Bloomberg | Getty Images The U.S.-China trade war is badly hurting iRobot, the company that makes the Roomba robot vacuum cleaner. Shares of iRobot plummeted more than 13% in after-hours trading Tuesday after the company’s top executive said tariffs
A pair of 1972 Nike running shoes became the most expensive sneakers ever sold at auction, fetching $475,500 at Sotheby’s. The sneakers were purchased by Canadian entrepreneur Miles Nadal, and were part of a collection of 100 of the rarest sneakers ever made that was being sold by Sotheby’s and sneaker marketplace Stadium Goods. While
A banner for Snap Inc. hangs on the facade of the the New York Stock Exchange on the eve of the company’s IPO in New York. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of technology companies Facebook, Alphabet and Amazon all fell more than 1% after the U.S.
A JetBlue Airways Corp. Airbus A321 plane sits at a gate outside of Terminal 5 at John F. Kennedy International Airport (JFK) in New York, U.S., on Wednesday, July 12, 2017. Jetblue Airways Corp. is scheduled to release earnings figures on July 25. Photographer: Mark Kauzlarich/Bloomberg via Getty Images Mark Kauzlarich | Bloomberg | Getty
CNBC’s Jim Cramer on Tuesday warned viewers about the risks of relying on other people’s advice to invest in the stock market. The “Mad Money” host suggests understanding your own investing goals and priorities before deciding to follow the lead of a big-time money manager, pointing to the bearish outlook and “terrifying statements” Bridgewater Associates
Few purchases deliver a dose of sticker shock like the cost of college. Yet many families rarely pay the full amount. Tuition and fees for a four-year private college averaged $35,830 in 2018-19; at four-year, in-state public colleges, it was $10,230, according to the College Board. And that’s not even adding in room and board
Avengers Endgame Source: Marvel Studios. Disney will nearly double earnings by 2024 on the back of momentum from Marvel content feeding its new streaming service, predicts Morgan Stanley. The firm said Disney can double earnings per share from $6.50 in 2020 to between $11 and $12 in 2024, as it builds its Disney+ streaming customer base.
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- …
- 11
- Next Page »