Drew Angerer | Getty Images News | Getty Images Eyeballing that Mega Millions jackpot? Good ol’ Uncle Sam is, too. After more than two months of twice-weekly drawings with no one matching all six numbers, the top prize has climbed to $367 million for Tuesday night’s drawing. The last jackpot won was on March 12,
Month: May 2019
Federal Reserve Chairman Jerome Powell said rising levels of corporate debt need watching but so far do not pose a threat to the financial system. The central bank chief spoke Monday at the Financial Markets Conference in Amelia Island, Florida, on assessing risks to the financial system a decade after the end of the financial
Source: Lumentum Mobile phone parts producer Lumentum on Monday was the first U.S. company to confirm formally it was halting shipments to Huawei Technologies , following export restrictions put in place by the United States Department of Commerce. The company, which is seen as a major supplier of Apple’s Face ID technology, said it cannot
CNBC’s Jim Cramer revealed Monday that he has a “hard pass” on newly-public Luckin Coffee. That’s because initial public offerings of Chinese-owned companies have brought too much pain, he said. Luckin, the Beijing-based chain that wants to surpass Starbucks as the biggest coffee chain in that country, surged as much as 50% after opening at $25
Ariel Skelley | DigitalVision | Getty Images I know the entire premise of investing is to someday be like Warren Buffett, the Sage of Omaha. While you can dream of such a lofty goal, you can still do pretty well for yourself when it comes to investing. As a certified financial planner, I often have
There’s an expense lurking on the horizon for retirees that is largely unpredictable but likely: Long-term care. With premiums skyrocketing on insurance policies designed to cover that cost, financial advisors are turning to a variety of other strategies to help clients prepare for a day when they might need help with daily living activities such
Should President Donald Trump follow through on threats to put tariffs on virtually all Chinese imports to the U.S, it could have a significant impact on the bottom line for American companies. Goldman Sachs estimates that if the president imposes duties on the remaining $300 billion in goods not already targeted, it could lower earnings
China’s President Xi Jinping (L) and US President Donald Trump review Chinese honour guards during a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Fred Dufour | AFP | Getty Images Beijing is in “no rush” to resume trade talks between the U.S. and China, the South China
A still from Season 8 of Game of Thrones. Source: HBO Just two weeks after a coffee cup was spotted in an episode of “Game of Thrones,” eagle-eyed fans have spotted another major gaffe in the show’s finale — water bottles. *Warning: Spoilers for the “Game of Thrones” finale to follow.* During a very important
Warren Buffett Gerard Miller | CNBC Billionaire Warren Buffett is a master when it comes to investing. The Berkshire Hathaway CEO is famous for buying and holding stock — and not giving in to the volatility of the market. He’s also well-known for taking big stakes in companies, such as the $900 million worth of
Tesla is swerving lower again Friday. Its stock is falling and now down 8% this week after a third fatal crash involving its autopilot function embroiled the electric carmaker in bad press. Those losses added to a 34% slump in 2019, putting it on track to post its worst annual drop ever. Wall Street is
President Donald Trump and his senior advisor Jared Kushner arrive for a meeting with manufacturing CEOs at the White House in Washington, DC, U.S. February 23, 2017. Kevin Lamarque | Reuters Deutsche Bank ignored employees’ calls to report transactions made by legal entities controlled by President Donald Trump and Jared Kushner to the Treasury Department’s
Alysia Montano runs in the Women”s 800 Meter opening round during Day 1 of the 2017 USA Track & Field Championships at Hornet Satdium on June 22, 2017 in Sacramento, California. Andy Lyons | Getty Images Nike said is adding “written terms” to new contracts to support athletes during pregnancy days after being criticized for
FluxFactory | E+ | Getty Images Nobody likes to get a poor grade. But those online “test-your-financial-literacy quizzes can be irresistible. They’re short. You think you’ll do pretty well. Then, wham. You failed. How bad should you feel? Probably not very. When U.S. managers, including corporate executives, were tested on basic financial literacy, the average
Pershing Square Capital Management CEO Bill Ackman speaks during an event in New York. Jin Lee | Bloomberg | Getty Images Things are looking pretty good for activist investor Bill Ackman. The net asset value of Pershing Square Holdings, Ackman’s publicly traded vehicle, rose 36.9% in the first quarter of 2019 and remains up more
China’s currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it’s signaling that things aren’t going well. The question is whether that signal is intentional, and whether Chinese officials will step in to prevent the yuan from reaching a key psychological low of 7 to the dollar. That level
Ben Silbermann, co-founder and chief executive officer of Pinterest Inc., center, rings the opening bell on the floor on the New York Stock Exchange during the company’s initial public offering (IPO) in New York, on Thursday, April 18, 2019. Michael Nagle | Bloomberg | Getty Images Pinterest is set to release its first quarterly earnings
General Motors had been trying to make it in Europe for 90 years before it gave up. In 2017, GM finally shut the door on the continent after roughly 20 years of losses. and sold its struggling Opel and Vauxhall brands. The move was part of a larger strategy to focus GM’s attention on its profitable
Paul Bradbury | Caiaimage | Getty Images All parents know what it’s like trying to pull off a good family vacation. After planning, traveling, keeping track of luggage and children, and dealing with squabbles and untimely bathroom needs, if you return intact with everyone still mostly on speaking terms, you’re likely to consider it a
Packages of Beyond Meat Inc. beef crumbles are displayed for a photograph in Tiskilwa, Illinois, U.S., on Tuesday, April 23, 2019. Daniel Acker | Bloomberg | Getty Images A notable short seller is roasting newly public Beyond Meat. Andrew Left of Citron Research took to Twitter Friday afternoon, saying the hype around the plant-based meat
With 401(k) balances near all-time highs, retirement savers are probably feeling pretty good about themselves these days. The first part of this year saw record contributions, thanks, in part, to a strong stock market, according to Fidelity, the nation’s largest provider of 401(k) plans. Eventually though, savers will have to take distributions from those accounts.
Despite the new burst of market volatility, long-time bull Edward Yardeni sees a return to all-time highs this year. And, he believes U.S. multinational companies, which are directly exposed to the trade war, will ultimately help provide the market boost. “I think it moves higher partly because there’s a recognition that even companies that do
Jensen Huang, chief executive officer of Nvidia Corp. David Paul Morris | Bloomberg | Getty Images Chipmaker Nvidia will issue an earnings report for the first quarter of fiscal 2020 after the market close on Thursday. Here are the numbers to watch: Earnings: Excluding certain items, 81 cents per share as expected by analysts, according
Kit Harington as Jon Snow featured in the Game of Thrones season 6, episode 9 Source: HBO In an era in which binge-watching is the new norm, HBO’s “Game of Thrones” breaks the mold. Instead of releasing new episodes all in one day, the fantasy drama doles them out in weekly installments, just like traditional
Hero Images | Hero Images | Getty Images Millennials need to invest — and they need to do it now. There are many benefits to investing early and often, but unfortunately too many millennials are sitting on the sidelines because they worry about the risk of suffering a repeat of the Great Recession of 2008.
Michael Roman, CEO, 3M Scott Mlyn | CNBC Shares of industrial products maker 3M have been hit hard since the company’s disappointing first-quarter earnings report in April, and J.P. Morgan warned investors on Friday that there is more pain to come. J.P. Morgan analyst Stephen Tusa said in a note that 3M’s “premium valuation is unjustified by
Alys Tomilson | Getty Images Student loans aren’t the reason there’s a student debt crisis in this country. The real problem is that there’s not adequate education, information or support systems in place to help students (and their families) make smarter college choices while they are still in high school. Nationwide, college student loan debt
Attendees at the Viva Technology conference in Paris. It’s one of Europe’s largest tech shows. CNBC PARIS — Now in its fourth year, the Viva Technology conference has become one of the largest tech trade shows in Europe. And it’s not been short on weird and wonderful innovations and gadgets. This year’s event saw everything
A John Deere excavator on display at the CONEXPO show in Las Vegas. Michael Newberg | CNBC Deere on Friday reported a lower-than-expected quarterly profit and cut its full-year outlook, as an escalating trade war between the United States and China threatens to hit U.S. exports of key commodities, hurting farm incomes and demand for
Since its founding in 1961, Luxottica has transformed glasses from a necessary medical device to a fashion statement. It owns several popular brands, like Ray-Ban and Oakley, manufactures frames for dozens of luxury fashion houses, owns several eyeglass retail chains, and even operates the vision insurance company EyeMed. Its vertically integrated strategy helped it pull
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