A salesman carries a Best Buy shopping basket in San Francisco, California. Getty Images Best Buy is undervalued next to its peers as it continues to innovate within consumer electronics and provides more services for its customers, according to Guggenheim. Guggenheim initiated coverage of Best Buy with a buy rating and an $80 price target,
Month: July 2019
People exit Deutsche Bank’s Manhattan headquarters with white envelopes that are reportedly their exit papers following news that the global banking giant will be letting go of thousands of employees due to a major restructuring at the German bank on July 08, 2019 in New York City. Spencer Platt | Getty Images The scene was
Adaptive Biotechnologies: Life science equipment is always going to give you to Danaher. That’s where I’m going to send you, especially after Danaher doubled down with that GE acquisition. It was so brilliant. “ General Electric: “Don’t sell here. I know Steve Tusa is a terrific analyst over at JP Morgan, but Larry Culp is
For anyone getting close to joining the ranks of retirees, there are some key aspects of your impending new status you need to review. Roughly 10,000 baby boomers turn 65 every day, the age most often associated with retirement. Of course, not everyone hangs up their working hat at exactly that age, which means your
Larry Kudlow, Director of the United States National Economic Council. Adam Jeffery | CNBC Larry Kudlow, director of the National Economic Council, is “very optimistic” about the health of the U.S. economy but believes the Federal Reserve should “take back the interest rate hike” it made in December because of low inflation. “We are still
U.S. government debt prices rose on Monday as investors continued to digest stronger-than-expected jobs data. The yield on the benchmark 10-year Treasury note fell to 2.0268%, while the yield on the 30-year Treasury bond dipped to 2.5318%. Bond yields move inversely to prices. Investor focus was largely attuned to the latest nonfarm payrolls report out
In this April 11, 2018, file photo, a high school student uses a vaping device near a school campus. AP Photo | Steven Senne The use of e-cigarettes and other vape products by young people is growing at a rapid rate. It is an important public health concern and meaningful reform is needed to address
aldomurillo | E+ | Getty Images Before you head to the beach, use this tax-advantaged account to stock up on summer necessities. Flexible spending accounts allow workers to sock away cash on a pretax basis into a savings account. You can take tax-free distributions from your FSA as long as the money goes toward qualified
The logo for the Vanguard Group is shown on correspondence in Zelienople, Pa. Keith Srakocic | AP Vanguard, the non-profit financial giant that single-handedly revolutionized the investment management world, reportedly wants to join the private equity party train. Is this another market that it intends to overhaul by passively managing and micro-pricing index fund offerings
James von Moltke, chief financial officer of Deutsche Bank AG, speaks during a fourth quarter results news conference in Frankfurt, Germany, on Friday, Feb. 2, 2018. Andreas Arnold | Bloomberg | Getty Images Deutsche Bank may have gone through a number of strategy overhauls in recent years, but its chief financial officer (CFO) told CNBC
LYTobin Heath of the USA celebrates with teammates following the 2019 FIFA Women’s World Cup France Final match between The United States of America and The Netherlands at Stade de Lyon on July 07, 2019 in Lyon, France. Maja Hitij | Getty Images Sport | Getty Images The United States has won the Women’s World
If you’ve been paying attention to the 2020 presidential race, you’ve likely heard where many candidates stand on Medicare. Yet another topic — Social Security — has been thus far been largely absent from the debate. Americans rely on Social Security benefits for income in retirement, in the event they are disabled and to help
President Donald Trump speaks during a press conference after the G-20 Summit on June 29, 2019 in Osaka, Japan. Tomohiro Ohsumi | Getty Images President Donald Trump lambasted the Federal Reserve yet again on Friday, saying he thinks the economy will “be breaking records” even though the central bank has rates set too high. “If
A Federal Reserve rate cut could lead to the same challenges for Wall Street lenders that European banks have been dealing with for years, Lorenzo Bini Smaghi, the chairman of Societe Generale, told CNBC Saturday. The U.S. central bank was divided on projections for a rate cut this year at its last meeting, but the
The peppers are unloaded from a truck into the factory as 300 sriracha fans tour Huy Fong Foods in Irwindale, CA. Anne Cusack | Los Angeles Times | Getty Images The maker of Sriracha hot sauce lost its legal battle with its former jalapeno supplier after a California jury awarded the pepper grower $23.3 million
Phoenix Wang | Moment | Getty Images When it comes to retirement savings, many Americans miss the mark. On average, Americans believe they need $1.7 million to retire, according to a recent survey from Charles Schwab, which looked at 1,000 401(k) plan participants nationwide. In fact, “that’s a pretty good number if you average out
The outlook for Chinese stocks may be risky given the uncertain state of U.S.-China trade relations. But Lewis Kaufman, a portfolio manager at Artisan Partners, thinks investors should buy them anyway. “Regardless of what ultimately happens with the China trade tensions, there is a robustness to China that doesn’t exist anywhere else in the emerging
Investor Paul Meeks is avoiding the group that made him famous. Meeks, who’s known for running world’s biggest tech fund for Merrill Lynch during the dot-com boom and subsequent collapse, is questioning valuations following the impressive run from the recent lows. “I’m neutral to frankly a little bit bearish on the sector that I’ve covered
Richard Harbaugh | Disney Parks The shelves at Disney’s new theme park land Star Wars: Galaxy’s Edge in California aren’t bare, but there are a few items you won’t be able to get your hands on right away. The Black Spire Outpost on the planet Batuu is a mecca for Star Wars fans. Here fans
College student entering a financial aid. Pamela Joe McFarlane | Getty Images Students’ knowledge of the financial aid process is “shockingly low.” That’s the takeaway from a new study by ACT, which in April 2018 surveyed about 1,200 high school students who were registered to take the standardized test. Regardless of economic background, most families
Attendees visit the Electronic Arts (EA) Inc. display at the E3 Expo in Los Angeles, California. Patrick Fallon | Bloomberg | Getty Images Shares of Electronic Arts fell more than 5% Friday morning after initial viewership numbers for a new release failed to reach previous highs. The video game company released season 2 of the
Christie’s A 3,300-year-old sculpture of Tutankhamen’s head sold for almost $6 million at auction, defying calls from Egyptian authorities for the artifact to be returned to its native country. Auction house Christie’s said the “rare, beautiful and important work” achieved a price of £4,746,250 ($5,968,058) in London on Thursday, where it was purchased by an
Federal Reserve Chair Jerome Powell has the opportunity to reinforce market expectations for a late July rate cut or rein them in when he speaks to Congress in the week ahead. Powell testifies before the House Financial Services Committee Wednesday and at the Senate Banking Committee Thursday, and is expected to answer questions on the
President Donald Trump shakes hands as he announces his nominee for Chairman of the Federal Reserve, Jerome Powell, in the Rose Garden of the White House in Washington, DC, November 2, 2017. Saul Loeb | AFP | Getty Images President Donald Trump and Federal Reserve Chair Jerome Powell have talked on the phone a handful
Image Source | Getty Images Once Facebook’s Libra makes it to the cryptocurrency mainstream, there may be a new threat to consumers: Their own bad spending habits. Libra is a proposed cryptocurrency designed by Facebook and operated with a consortium of partners, including payments providers, credit card companies and consumer companies. It is set to
President Donald Trump’s prospective Federal Reserve nominee sees an economy that is booming and thinks the central bank should not be a force standing in its way. Judy Shelton told CNBC that Friday’s strong jobs report is a good example of fiscal policy working, though she has expressed reservations about the Fed’s actions. The June
In a field of 2020 Democratic presidential candidates with no shortage of money, Sen. Kamala Harris and her husband stand out. The California Democrat and her spouse, lawyer Douglas Emhoff, reported about $1.9 million in adjusted gross income for last year, according to tax returns released earlier this year. Their 2018 haul more than doubles
The market is expecting too many cuts from the Federal Reserve this year, widely followed economist Mohamed El-Erian said Friday. “We as the market base have gotten carried away — carried away thinking it will be 50 basis points in July, thinking we’re going to get three cuts by the end of the year,” El-Erian
Amazon turned 25 years old this week. In its quarter century of existence, it has created roughly a trillion dollars in shareholder value. Amazon dominates e-commerce, has the biggest cloud-computing infrastructure offering and leads the market for home assistants with its Alexa technology. Additionally, it has a burgeoning online ad business and is becoming a
Wondering what to spend your fatter paycheck on? The right answer is you. The best thing you can do for yourself is to learn how to make your money work for you. Otherwise, you give in to the siren call of unplanned spending, aka lifestyle creep. That’s spending more simply because you have more, a