John Deere & Co. wheel loaders sit outside at Martin Equipment in Rock Island, Illinois. Daniel Acker | Bloomberg | Getty Images Deere on Wednesday reported lower fourth-quarter earnings, hurt by trade tensions as well as poor weather in the U.S. farm belt that have slowed equipment purchases by farmers. For the quarter ended on
Month: November 2019
Taiwanese flags during a campaign event in Taipei on June 1, 2019. Daniel Shih | AFP Election season is entering its final lap in Taiwan, and comes amid allegations of severe meddling by the mainland China government. This week, Taiwan detained two executives at a Hong Kong-listed firm on suspicion of violating national security, Reuters
Samantha Vuignier | Getty Images Whether you’re resolving to cut your 2020 tax bill or save more for retirement in the new year, it’s time to start planning. It’s hard to believe, but we’re staring down at the third year under the new Tax Cuts and Jobs Act — the overhaul of the tax code
Robinhood co-founder and co-CEO Vlad Tenev speaks onstage during the TechCrunch Disrupt New York event on May 10, 2016. Noam Galai | Getty Images for TechCrunch Robinhood is no longer looking to become a federally insured bank. The stock-trading start-up announced Wednesday that it was pulling its bank charter application with the Office of the
Byron Wien Olivia Michael | CNBC The stock market’s rally may be far from over as low interest rates keep valuations in an attractive place, according to Wall Street legend Byron Wien. “People complain that the market is overvalued but … with these interest rates, the market is really below fair value,” Wien, vice chairman
Intel CEO Robert Swan speaks at the Rakuten Optimism event in Yokohama, Japan, on July 31, 2019. Tomohiro Ohsumi | Getty Images PC makers are pointing at Intel as they tell Wall Street to expect lower revenue. Intel shares fell as much as 1.7% on Wednesday morning after both Dell and HP called out the
Sean Boyd, CEO, Agnico Eagle Scott Mlyn | CNBC While demand for gold remains strong, the act of building mines has grown more difficult over the last decade, the CEO of a Canadian miner told CNBC’s Jim Cramer on Tuesday. “It’s a lot tougher now than it was 10 or 15 years ago,” ‘ Sean
New York state governor Andrew M. Cuomo Wang Ying | Xinhua | Getty Images Four blue states that had unsuccessfully sued the IRS over a new $10,000 cap on the federal deduction for state and local taxes filed an appeal on Tuesday. The states — New York, New Jersey, Connecticut and Maryland — originally filed
Slack Technologies Inc. CEO Stewart Butterfield stands on the trading floor during the company’s IPO at the New York Stock Exchange (NYSE) in New York, U.S. June 20, 2019. Brendan McDermid | Reuters The biggest hurdle for companies aiming to follow Spotify and Slack into the public markets is that the direct listing process they
European markets are set to open higher on Wednesday, as investors track positive mood music around U.S.-China trade talks. The U.K.’s FTSE 100 is seen climbing 6 points to 7,414; Germany’s DAX is seen 18 points higher at 13,261; and France’s CAC up by 6 points at 5,941, according to IG index data. President Donald
Customers exit an Abercrombie & Fitch store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Abercrombie & Fitch fell short of quarterly same-store sales estimates on Tuesday, hit by sluggish demand for the teen apparel retailer’s surfwear-themed Hollister clothing line. Sales at established stores were flat in the third quarter ended
There’s nothing like being there in person. The Japanese sport of sumo has been around for more than 1,000 years. It was originally performed to entertain Shinto deities and then became a court entertainment before gaining popularity among the general public in the Edo era in the 17th and 18th centuries. Even in modern Japan,
Senior man celebrates his 90th birthday Urbazon / Getty A change proposed by the IRS could alter how much retirees are required to withdraw each year from their traditional retirement accounts. The reason? People are living longer now than when the agency last issued its tables for required minimum distributions in 2002. As a result,
A senior citizen holds a sign during a rally to protect federal health programs at the 8th Annual Healthy Living Festival on July 15, 2011 in Oakland, California. Justin Sullivan | Getty Images For most people, signing up for Medicare is a retirement rite of passage. But as they turn 65 and sort through their
CNBC’s Jim Cramer, often a critic of Tesla stock, told CNBC on Tuesday that he’s in the market for a Tesla Model X sport utility vehicle because his wife, Lisa, really wants one. “I give up. The car is too damn great,” said Cramer on “Squawk Box.” “She wants an X. You can’t stop her.
LVMH chair Bernard Arnault speaks at the Viva Technology conference in June 2017 in Paris, France Chesnot | Getty Images Bernard Arnault, chairman and CEO of luxury goods brand LVMH, has overtaken Bill Gates to be named the world’s second-wealthiest person by Forbes. According to Forbes’ Real-Time Billionaires List, the French businessman added an estimated
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Facebook is the mystery “Party A” revealed in an SEC filing that bid several times to acquire health-wearables maker Fitbit, including a best and final offer of $7.30 per share, according to
Gary Philbin, CEO, Dollar Tree Scott Mlyn | CNBC Dollar Tree just signaled for a disappointing holiday earnings quarter thanks to U.S.-China trade war tariffs, sending shares cratering on Tuesday. The discount retailer said the tariffs slapped on Chinese imports will add $19 million, or 6 cents per share, to its costs of goods for
There is a subscription for everything, some say. Of course, they don’t mean it literally. They’re just trying to prove a point about how expansive the subscription economy has become. It has even reached the world of 3D printing, thanks to $2.5 billion start-up Carbon. “We have the world’s first piece of manufacturing hardware ever
NFL linebacker Brandon Copeland understands the importance of investing his money. In fact, the New York Jet spends about 10% of his salary and saves the rest. “This career can end at any moment. Any money I make I’m trying to extrapolate that out for life, I’m trying to save as much as possible,” he
Thomas Barwick | DigitalVision | Getty Images The process of recommending life insurance doesn’t have to be rife with conflicts of interest. Insurance has its place in a client’s comprehensive financial plan. For instance, term coverage can protect a young family in the event of a breadwinner’s early demise. Permanent life insurance — which can
With the year coming to a close Wall Street’s equity strategists are releasing their predictions for the coming year. But Morgan Stanley’s Michael Wilson said that forecasting for even just the end of this year — let alone the entire 2020 — is difficult given all of the unknowns like the state of the ongoing
Chinese President Xi Jinping and President Donald Trump at the G-20 Summit in Osaka on June 29, 2019. Brendan Smialowsi | AFP | Getty Images The leaders of the U.S.-China trade negotiations held another phone call on Tuesday morning, China’s Ministry of Commerce said in an online statement. “Both sides discussed resolving core issues of
CNBC’s Jim Cramer explains what the recent mergers tell us about the stock market. The “Mad Money” host also explains why now is the right time to buy shares of Uber. Cramer also sits down with the CEO of PVH to discuss the impacts of the U.S.-China trade war on the American consumer. Recent mergers
Guido Mieth | DigitalVision | Getty Images With a New Year comes a new start, and your retirement is no exception. That’s because the limits for pre-tax saving have gone up for aspiring retirees. And those already in retirement will see a modest boost to their Social Security retirement benefits, along with increased Medicare Part
A pedestrian passes in front of a Charles Schwab Corp. office building in New York. Gabriella Angotti-Jones | Bloomberg | Getty Images Charles Schwab’s proposed acquisition of TD Ameritrade is stirring up worry among financial advisors. Schwab on Monday announced it would acquire TD in a $26 billion all-stock transaction. Together, the firms will serve
China’s hand in cementing a phase one trade deal with the U.S. keeps getting weaker even though many American media outlets keep reporting otherwise because they seem to like Chinese President Xi Jinping better than President Donald Trump, CNBC’s Jim Cramer said on Monday. Cramer said on “Squawk Box” the mainstream media wrongly thinks that
If you’re daydreaming about how you’d celebrate winning the Mega Millions jackpot, remember that Uncle Sam has a way of crashing the party. After about two months of twice-weekly drawings with no one matching all six numbers, the top prize has climbed to $226 million for Tuesday night’s drawing. Of course, the advertised amount isn’t
A pedestrian walks past the Federal Reserve building on Constitution Avenue in Washington on March 19, 2019. Leah Millis | Reuters Federal Reserve economists warn that printing money to pay for deficit spending, as Modern Monetary Theory proponents recommend, has been a disaster for other nations that have tried it. In a paper that discusses
A mid-engine 2020 Chevrolet Corvette on the floor of the Los Angeles Auto Show on Nov. 21, 2019. Michael Wayland / CNBC LOS ANGELES – Following Ford Motor‘s highly anticipated debut of the all-electric Mustang Mach-E SUV, attention is turning to General Motors to potentially leverage the Chevrolet Corvette, its most-iconic nameplate, into a sub-brand
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