Philippe Huguen | AFP | Getty Images From beach bags to book bags, students are gearing up to head back to school. For parents, that means opening their wallets. A recent survey from the National Retail Federation anticipates 2019 will be a significant spending year for school and college supplies. The survey of 7,660 consumers,
Month: July 2019
Investors should start seeing Apple CEO Tim Cook as an innovator, CNBC’s Jim Cramer said on Wednesday. “When is Cook going to get the benefit of the doubt?” Cramer said on “Squawk on the Street, ” stressing that key Apple wearables were “all invented after Steve Jobs, ” the company’s co-founder who died in October
View of Abu Dhabi’s skyline at sunset from Dhow Harbour in the UAE. Getty Images Singapore sovereign wealth fund GIC has joined major Wall Street investors in a landmark oil pipeline partnership with Abu Dhabi’s National Oil Company (ADNOC), bringing the total investment in the project to nearly $5 billion. The move, which will see
The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of Apple. Chris Verrone was a buyer of General Electric. Karen Finerman was a buyer of American Airlines. Guy Adami was a buyer of McKesson. Disclosure Trader disclosure: Chris Verrone is long BAC, DBX, SMAR, ZNGA, TWTR, QD. Karen
The Humana headquarters office stands in Louisville, Kentucky. Ty Wright | Bloomberg | Getty Images Health insurer Humana raised its 2019 profit forecast on Wednesday and posted second-quarter earnings ahead of Street estimates, as it reined in costs and recorded higher revenue from its unit that sells Medicare Advantage health plans. Shares rose 3.7% to
Investors, economists and politicians alike will turn their attention to the Federal Reserve on Wednesday for what many suspect will mark the central bank’s first interest rate cut since the depths of the 2008 financial crisis. And while Wall Street insiders spar over their myriad readings of the monetary tea leaves and whether — or
Ariel Skelley | DigitalVision | Getty Images The CFP Board of Standards, the group overseeing the Certified Financial Planner credential, will overhaul its practices, making it easier for investors to spot financial advisors with a questionable past. In a Tuesday afternoon phone call, the group announced it would establish an independent task force to review
Mario Gabelli Scott Mlyn | CNBC Shares of RPC, Inc., a small oil and gas company based in Atlanta, jumped following positive comments from billionaire investor Mario Gabelli. “I’ve been following it for 50 years,” Gabelli told CNBC’s “Halftime Report ” of the stock, which closed Monday at $5.54 a share. “If you look at
Charges against Jeffery Epstein were announced on July 8, 2019 in New York City. Epstein will be charged with one count of sex trafficking of minors and one count of conspiracy to engage in sex trafficking of minors. Stephanie Keith | Getty Images News | Getty Images A day before accused child trafficker Jeffrey Epstein
U.S. financier Jeffrey Epstein appears in a photograph taken for the New York State Division of Criminal Justice Services’ sex offender registry March 28, 2017 and obtained by Reuters July 10, 2019. New York State Division of Criminal Justice Services/Handout via REUTERS. New York State Division of Criminal Justice Services | Handout | Reuters Jeffrey
Apple now has $210.6 billion cash on hand, according to the company’s fiscal third-quarter earnings report released on Tuesday. That’s a 6.6% decline from its fiscal second quarter of 2019, when it reported a cash pile of $225.4 billion. It’s down 13.6% from the year-ago quarter. Apple continues to host one of the largest cash
Shares of Levi Strauss have come down to a level that is worth pulling the trigger, CNBC’s Jim Cramer said Tuesday. As of the close, the stock is down more than 23% from its $24.50 peak in mid-April. Earlier this month, the “Mad Money” host argued that the jean maker’s stock should not have climbed
Illini Union building on the University of Illinois at Urbana-Champaign campus Source: UI Public Affairs First there was the college admissions scandal earlier this year, which revealed the elaborate lengths wealthy parents will go to get their children into elite schools, including faking a learning disability and forking over $1.2 million. Now another trend shows
Apple CEO Tim Cook Brendan McDermid | Reuters Wall Street analysts may be suffering from a bit of malaise when it comes to Apple. The company will reports its third quarter earnings after the bell on Tuesday and analysts are advising clients to temper their expectations. Still, analysts and investors alike will be watching for
Sir Richard Branson is honored with star on the Hollywood Walk of Fame on October 16, 2018 in Hollywood, California. Axelle/Bauer-Griffin | FilmMagic | Getty Images Fulfilment does not come from material possessions, billionaire Richard Branson said in a new blogpost, claiming he “never set out to make money.” “I truly believe that ‘stuff’ really
Michael Nagle/Bloomberg | Getty Images A software engineer could be the lone wolf actor at the heart of Capital One’s recent data breach. The FBI arrested Paige Thompson, age 33, on Monday, after an investigation led federal authorities to believe she is responsible for the theft of over 100 million Capital One customer records. Thompson
Apple has had a strong 2019 so far, with the stock up more than 45% since the company hit a low after it announced a revenue shortfall on January 2. The iPhone maker continues to mint money, too, and has guided that it will book at least $52 billion in revenue when it reports earnings
Shoppers pass an Under Armour store in White Plains, New York. Scott Mlyn | CNBC Under Armour still has a North America problem. The athletic apparel retailer’s mixed earnings results on Tuesday called attention to the fact that the brand continues to struggle to win over shoppers on its home turf. North American sales are
When former vice president Joe Biden recently announced his plans for older Americans, he joined his fellow Democratic presidential candidates in calling for the expansion of Social Security. “We should be increasing, not decreasing, Social Security,” Biden said at a recent AARP Iowa forum. “It’s within our capacity to do so.” Former U.S. Vice President
A scientist at Gilead Sciences analyzes patient antibody levels at the Gilead laboratory in Foster City, Calif. David Paul Morris | Bloomberg | Getty Images Now is a good entry point into Gilead’s stock as the company begins to stabilize, while still trading at a discount to its peers, according to RBC Capital Markets. The
Airwallex’s cofounders, from left to right, Xijing Dai, Lucy Liu, Jack Zhang and Max Li. Airwallex When Jack Zhang and Max Li were looking for a side-hustle to supplement their day jobs, they did like good Melbournites and opened a coffee shop. It seemed like an easy choice for two Chinese natives keen to assimilate
Wall Street analysts were disappointed but not surprised with Tesla‘s dismal earnings report. Many analysts continued to decry the lack of margin and profit improvement and said the company’s report still raises more questions than it answers. The automaker on Wednesday posted a loss that was bigger than analysts expected, sending shares down more than
Starbucks was able to engineer a top- and bottom-line beat in its latest quarter report thanks to the moves that tech veteran and CEO Kevin Johnson made to line up customers up for coffee, CNBC’s Jim Cramer said Monday. The ubiquitous coffee chain saw it stock price surge to surge to near $100 after raising its
You can’t listen to music, go to the movies, rent a car, stay in a hotel — or of course buy a plane ticket — without encountering some sort of extra fee. About 85% percent of Americans have come up against an unexpected or hidden fee over the past two years for a service they
Morgan Stanley signage on the door of their headquarters building in New York. Scott Mlyn | CNBC Morgan Stanley is offering a new tool to help financial advisors and their clients measure sustainable investing choices and how they perform in their portfolios. The analytics and reporting application, called Morgan Stanley Impact Quotient, was announced on
Starbucks President and Chief Executive Officer Kevin Johnson is pictured at the Annual Meeting of Shareholders in Seattle, Washington on March 20, 2019. Jason Redmond | AFP | Getty Images “ Here are the biggest calls on Wall Street on Monday: J.P. Morgan downgraded Starbucks to ‘neutral’ from ‘overweight’ J.P. Morgan downgraded Starbucks mainly on
Traders Gregory Rowe (R) and Peter Tuchman work on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell, June 21, 2019 in New York City. Drew Angerer | Getty Images The third time is “not the charm” for a S&P 500 breakout, according to Morgan Stanley. Despite the S&P 500
American Airlines plane Silas Stein | picture alliance | Getty Images American Airlines skidded more than 5% Thursday after the nation’s largest airline said it took a hit from the prolonged grounding of the Boeing 737 Max. Strong travel demand helped it post second-quarter profit that came in slightly higher than expected. American reported a per-share profit of
Domino’s Pizza began with a single store in Ypsilanti, Michigan. Now, it has more than 16,000 locations and is the largest pizza chain in the world by sales. But the 52-year-old company is aiming even higher. It wants to reach 25,000 stores and $25 billion in sales by 2025. To get there, Domino’s will have
Webb Institute Source: Webb Institute Even as college becomes increasingly unaffordable for many students and their families, it is still possible to graduate owing next to nothing. “There are so many college-bound students and their families that are nervous about assuming too much debt,” said Robert Franek, editor in chief at The Princeton Review. However,
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