If you thought the Bank of Mom and Dad closed its doors after the kids have grown up, think again. The average cost of raising a child to age 18 is estimated to be $233,610, according to the U.S. Department of Agriculture. The expenses continue long after your child has entered adulthood. Half of parents
Month: April 2019
Philanthropist Melinda Gates is calling on religious and political leaders to embrace the role that birth control can play in helping lift families out of poverty. “No country in the last 50 years has escaped poverty without making sure that women have access, voluntary access, to contraceptives,” the co-chair of the Bill & Melinda Gates
A recovery in global growth, as well as another record year for corporate buybacks should boost earnings and stock prices, driving the the S&P 500 to 3,000 this year, according to J.P. Morgan equity strategists. The strategists reiterated their call Wednesday for the S&P to reach 3,000 this year, based on a fundamental recovery in
Anthem‘s first-quarter profit beat Wall Street estimates on Wednesday as it reined in expenses, and the U.S. health insurer raised its earnings forecast for the year. Shares of the Indiana-based company rose 2.7 percent to $257.39 before the opening bell. Last year, the health insurance sector experienced its biggest shake up in years, as rivals
Tyson Foods sold its stake in Beyond Meat, an alternative protein company, set to go public next week. Relations between the two companies had become tense, particularly after Tyson CEO, Noel White, announced that the company will be creating its own plant-based protein products last February, multiple sources confirmed to Axios. Reportedly, Beyond Meat no
Want to get your financial house in order? There’s a monthly subscription service for that. The same payment model that you use to cover Netflix and Spotify each month has arrived to the world of financial advice. Charles Schwab recently announced it would start charging investors in its Schwab Intelligent Portfolios Premium service a one-time
Millennials have a certain reputation for being the most interested in investments that also do good for the world. But sustainable investing is really of interest to all investors across all age groups, according to new research from Morningstar. The investment research firm found that a majority of the U.S. population — 72% — is
CarGurus Inc.: “Well, I gotta tell you my viewers, including you Scott, are smarter than I am. I like Carmax, but we are going to do a deep dive on Cargurus because of exactly what you just told us. Because you teach us.” Iamgold Corp.: “Well, you know what, I am not gold. I am
The markets are at new highs, but it doesn’t feel that way. Large earnings beats from companies as diverse at Lockheed Martin, United Technologies, PulteGroup and Whirlpool are propelling the S&P 500 to a new high. In addition to earnings well above expectations, we see China bottoming, Europe showing at least some signs of stability
Harley-Davidson’s first-quarter profit fell 26.7% as the motorcycle company struggled with falling demand as well as higher costs from U.S. tariffs on raw materials and European taxes on imports of its motorcycles. Here’s how the company did compared with what Wall Street expected: Adjusted earnings: 98 cents per share vs. 65 cents per share forecast
Investors should believe the top brass of a company with a good, long-term track record when its management says it can turn things around, CNBC’s Jim Cramer said Tuesday. PepsiCo, which has doubled its dividend in the past decade, is one of those names to put faith behind even when analysts are against the odds,
Money is big, and it’s all around us. Adults, who have learned from experience about irresistible sales pitches, can find it hard to make good financial decisions. Imagine what it’s like for a wide-eyed 8-year-old to confront a dizzying array of choices. We know what can happen in the future if we don’t save. Is
Donald Trump’s surprising ascent to president of the United States has brought many unexpected effects to the financial markets. Ironically, one has been a rapid increase in interest and adoption of impact investing and other types of values-based investing. Impact investing, or values-based investing, is a type of investing that helps people and/or organizations align
Nobel laureate Richard Thaler has put forward a new idea to allow individuals to use their 401(k) savings to increase their Social Security benefits. Thaler, a behavioral economist and professor at the University of Chicago Booth School of Business, discussed the idea at an event hosted by the Brookings Institution, a non-profit public policy organization,
Investing can be a great way to grow your money, yet the fear of not being educated enough about the stock market and losing money tends to scare off a lot of people. But best-selling life-management author and CNBC contributor Suzy Welch says you don’t need to be an expert. “Sometimes your instincts are really
Customers in search of yield are piling into Wealthfront’s new cash accounts. The company, which started as an automated wealth advisor, unveiledthe account offering in February with a higher-than-average 2.24 percent interest rate. In the months that followed, Wealthfront ushered in $1 billion in customer deposits, the company announced Tuesday. Because of what it said
Lockheed Martin delivered first-quarter earnings on Tuesday that were far above what Wall Street anticipated from the world’s largest defense contractor. The company also updated its forecast for 2019 financial results, with earnings anticipated between $20.05 a share and $20.35 a share – up from a range of $19.15 a share to $19.45 share. Expected
Coca-Cola isn’t new to coffee, but the global beverage giant is planning on making a big push into the industry this year. The company is releasing Coca-Cola Coffee in more than 25 markets around the world by the end of 2019. “Coke Coffee was designed to reach consumers during specific occasions and channels like the
With Social Security expected to face revenue shortfalls starting next year, consumer advocates are hopeful that Congress is moving toward acting on legislation that would both shore up the program and expand benefits. The annual trustees report, released Monday, anticipates that in addition to the program spending more than it takes in beginning in 2020,
When Bruce Sullivan set out to build his dream retirement home in 2015, his goal was to get his utilities costs as low as possible. Today, the 900-square-foot Bend, Oregon, home that he shares with his wife has more than accomplished that, he said. The one-bedroom, one bathroom house is what Sullivan calls a “zero
Things are heating up in the energy market. The Trump administration announced Monday that it would end exemptions to its sanctions on Iran, a move meant to significantly curb Iran’s oil output. Crude prices surged after the announcement, with the U.S. benchmark, West Texas Intermediate crude, gaining nearly 3 percent. Here’s what experts say higher
Check out the companies making headlines after the bell: Shares of Whirlpool soared as much as 9% in extended trading Monday following the release of the home appliance company’s mixed first-quarter earnings. Whirlpool posted earnings per share of $3.11 on revenue of $4.76 billion. Wall Street estimated earnings per share of $2.86 on revenue of
Halliburton on Monday called the bottom of a pricing downturn that has plagued oilfield services companies and surprised on expectations saying first-quarter activity levels in North America were modestly higher from a year earlier. Oilfield services providers have been struggling with a tightening of spending by oil producers looking to rein in new drilling in
Facebook announced on Monday that it’s bringing in a new general counsel and vice president of communications as it tries to rebuild its image following a year filled with scandals. The company said Jennifer Newstead, the legal adviser to the U.S. State Department, is joining the company as its general counsel, replacing Colin Stretch, who
Half of the FANG trade goes under the microscope this week. Facebook and Amazon, worth $1.4 trillion combined, will report on earnings on Wednesday and Thursday, respectively. The options market is not pricing in how volatile trading could get in the wake of those releases, according to Stephen Mathai-Davis of research site Quantamize. He’s positioning
Evercore downgraded electric car maker Tesla to “underperform” from “in-line” on Monday, citing concerns on the decline in demand across all models. There are many good reasons to worry about Tesla, including more competition, lower U.S. tax credits and an “aging” product lineup, wrote Evercore analyst Arndt Ellinghorst, who expects these headwinds to weigh on
This week could make or break the rally. Investors are gearing up for the busiest week of earnings with more than 140 S&P companies and 12 Dow components set to post results. Last quarter, a number of companies warned that slowing global growth as well as international trade tensions could weigh on their bottom lines,
As Apple and Amazon compete for a greater share of consumer dollars and attention, they also have a particularly intimate business relationship: Apple is spending more than $30 million a month on Amazon’s cloud, according to people familiar with the arrangement. Apple’s cloud expenditure reflects the company’s determination to deliver online services like iCloud quickly
As the gig economy explodes, it’s easier than ever to be your own boss. But you still have to answer to Uncle Sam. Indeed, the percentage of workers in alternative work arrangements, including independent contractors or freelancers, increased during the 2000s, after barely budging in the 10 years before that, according to a report by
Exchange-traded funds are getting a revamp at Goldman Sachs. The big bank has doubled down on a concept called smart beta, which blends passive and active investing strategies to build portfolios based on non-traditional metrics. At Goldman, the strategy is branded as ActiveBeta and revolves around four factors: value, quality, momentum and low volatility. “We
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- …
- 11
- Next Page »