Jerome Powell, chairman of the U.S. Federal Reserve, said that downside risks to the economy remain with trade wars softening business investment and weak inflation. Bloomberg | Bloomberg | Getty Images People at the very top are a little confused by the current economy and top in the market. Warren Buffett has said that no
Month: July 2019
Source: Betterment Online wealth advisor Betterment is launching checking and savings accounts. Founder and CEO Jon Stein said having the highest rate is part of a strategy to usher in new customers, and a more obvious way to compare value between banks and other fintech checking account offerings. “It’s really hard for banks to follow
Amazon CEO Jeff Bezos announces Blue Moon, a lunar landing vehicle for the Moon, during a Blue Origin event in Washington, DC, May 9, 2019. Saul Loeb | AFP | Getty Images Amazon is expected to report its second-quarter earnings on Thursday but one analyst at BMO is warning investors that Wall Street’s estimates for
Brian Goldner CEO of Hasbro Adam Jeffery | CNBC The U.S.-China trade war is spurring Hasbro to reduce its reliance on China for making its toys. China has long been an important country for manufacturing toys: 67% of Hasbro’s products sold in the U.S. came from there last year. However, as Washington and Beijing slap tariffs on
Westend61 | Getty Images When it comes to financial independence, it probably comes as no surprise that parents and children are not on the same page. What is surprising is that young Americans anticipate being financially independent several years earlier than their parents expect them to. Young Americans say they’ll be financially independent by age
If some financial advisors seem to know clients’ needs before they do, there’s a good chance software is part of the reason. Financial technology — or fintech, for short — has increased competition in the advice business via automated online platforms. Yet at the same time, advisors have found that those digital advances have bolstered
Billionaires Carl Icahn and Warren Buffett. Getty Images (l) | CNBC (r) Activist investor Carl Icahn thinks Occidental Petroleum CEO Vicki Hollub got played by the Oracle of Omaha himself, Warren Buffett, in the company’s effort to buy Anadarko Petroleum. “Buffett figuratively took her to the cleaners,” Icahn said in a letter to shareholders Monday.
If it’s hard to believe that one fish could be worth a mind-boggling $2.6 million, then you’re probably not familiar with the high-stakes world of tournament sports fishing. The White Marlin Open in Ocean City, Maryland, is a week-long fishing competition held annually in August and in the fishing world, it’s basically the Super Bowl.
TD Ameritrade traders on the floor of the New York Stock Exchange. Adam Jeffery | CNBC Check out the companies making headlines after the bell: TD Ameritrade gained nearly 2% in after-hours trading before losing those gains and falling a fraction of 1%. The financial services company reported third-quarter results that beat estimates and announced
Goldman Sachs upgraded Micron over the weekend and injected optimism in the semiconductor space — and it has investors talking, CNBC’s Jim Cramer said Monday. An analyst at the investment bank predicted that excessive memory chip supply will sell off more quickly than once thought and that prices will begin to rebound in the third
Young woman using laptop in a loft apartment Xsandra | E+ | Getty Images It doesn’t necessarily take a bachelor’s degree to land a well-paying, full-time, remote job. In fact, more companies are looking at qualifications beyond a formal education, thanks to the fierce competition for talent brought on by the 3.7% unemployment rate and
‘BAANG’ is the new ‘FAANG.’ So says technical analyst John Roque at Wolfe Research, who believes a group of gold miners he coined as BAANG— Barrick Gold, AngloGold, Agnico Eagle Mines, Franco-Nevada, Gold Fields — are better plays than mega-cap FAANG names as they might have reached their peaks and started losing steam. “We made
The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw illustrated a call calendar in Facebook. Dan Nathan broke down a put spread in Tesla. Karen Finerman looked into a risk reversal in Foot Locker. Disclosure Trader disclosure: Dan is Long EA July / Sept call calendar. DIS July /
Two critical federal research agencies are being gutted after workers were asked to relocate from Washington to the Midwest. Starting Monday, new and relocating employees can begin reporting to temporary offices in the Kansas City region, the U.S. Department of Agriculture said. But more than half the workers from the Economic Research Service and the
A bipartisan bill that cleared the House last week would let first-time homebuyers pay a bit less at closing if they go through homeownership counseling. Called the Housing Financial Literacy Act, the measure would apply to first-time homebuyers who take out a mortgage backed by the Federal Housing Administration. Borrowers who go through the counseling
Netflix Co-founder, Chairman & CEO Reed Hastings attends Q&A during Transatlantic Forum as part of Series Mania Lille Hauts de France festival on May 3, 2018 in Lille, France. Sylvain Lefevre | Getty Images Netflix shares may be getting hammered on Thursday but research from Bespoke Investment Group shows that history is typically kind to
One of Wall Street’s biggest long-time bears is painting a painful picture for stocks as earnings season goes into full gear. Gluskin Sheff’s David Rosenberg warns earnings are “rolling over” and ominous economic data suggests the economy is on the brink of a recession. “Maybe a recession is not here. But it’s certainly suggesting of
Microsoft CEO Satya Nadella speaks at the Digital-Life-Design conference in Munich, Germany, on January 16, 2017. Tobias Hase | dpa | Getty Images Microsoft stock rose after the company released better-than-expected earnings results for the fourth quarter of its 2019 fiscal year. Here are the key numbers: Earnings: $1.37 per share, excluding certain items, vs.
Chris Hemsworth and director Taika Waititi of Marvel Studios’ ‘Thor: Love and Thunder’ at the San Diego Comic-Con International 2019 Marvel Studios Panel in Hall H on July 20, 2019 in San Diego, California. Alberto E. Rodriguez | Getty Images Entertainment | Getty Images A decade ago, moviegoers were introduced to Tony Stark. He was
Whether it’s weekly Thai takeout or an air purifier you never took out of the box, most people have buyer’s remorse about something. Regret purchases tend to come in three types: things you never used; habitual things, like restaurant meals or drinks you no longer get any value from; or expensive things that kept you
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 Morgan Stanley gave clients a bunch of earnings stock picks where the firm’s view differs from the rest
A bottle of Diet Coke is pulled for a quality control test at a Coco-Cola bottling plant in Salt Lake City, Utah. George Frey | Getty Images With earnings season now in full swing, Wall Street analysts are advising clients there are plenty of buying opportunities. So far over 15% of companies in the S&P
George Kurtz, co-founder and chief executive officer of Crowdstrike Inc., speaks during the Montgomery Summit in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images Shares of CrowdStrike climbed as much as 7% on Thursday after the cybersecurity company reported earnings for the first time since its IPO. Here are the results: Loss
On August 2, Rhino Records will release a massive box set for the 50th anniversary of Woodstock. Spread across 38 compact discs and 36 hours, “Woodstock – Back to the Garden: The Definitive 50th Anniversary Archive” features almost every note of music performed at the iconic 1969 festival. The screen-printed plywood box in which the
Most people understand the virtues of a 401(k) when it comes to saving for retirement. Still, few know that there’s another employer-sponsored plan that could work just as well, if not better. Like a traditional 401(k), a Roth 401(k) lets you contribute up to $19,000 a year through automatic payroll deductions and may come with
On the 50th anniversary of the Apollo 11 mission to the moon, the leader of the National Aeronautics and Space Administration gave his predictions for the future of the space industry and how it could be a lucrative enterprise much sooner than most investors think. NASA Administrator Jim Bridenstine said, for example, that harvesting rare-earth
Congress is going crypto. Lawmakers from the U.S. Senate and House of Representatives heard testimony this week regarding Facebook’s Libra project in the interest of finding a way to regulate the digital payment system and ascertain how it is different from cryptocurrencies like bitcoin. In the hourslong confabs, Congress heard testimony from Calibra chief David
A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Chewy said on Thursday it generated $1.1 billion in sales in its first quarter, recording a net loss of $29.6
Avengers Endgame Source: Marvel Studios. “Avengers: Endgame” is expected to become the highest-grossing film of all time in a matter of days, Kevin Feige, the head of Marvel Studios announced Saturday to a crowd of thousands in Hall H at San Diego Comic-Con. In just thirteen weeks in theaters, the Disney superhero flick will finally surpass
If you’re among the growing contingent of Americans who plan to continue to work after age 65, be sure to review your Medicare options before you do eventually decide to finally say farewell to your coworkers. While it’s common for people working past that age to stick with a company-sponsored health plan and delay enrolling
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