If you’re in the market for a new car, there’s a good chance you’ll find some decent deals during the long Labor Day weekend sales push. With vehicles sitting on lots longer and dealerships eager to make room for next year’s models, automakers have boosted their discounts ahead of the three-day weekend. The average incentive
Month: August 2019
Jin Lee | Bloomberg | Getty Images Wall Street suffered from whiplash throughout August as trade headlines and recession angst sent stocks on a wild ride during the last full month of summer. The S&P 500 posted 11 moves of more than 1% in 22 trading sessions for August. Those moves included three declines of
President Donald Trump meets business leaders at the Great Hall of the People in Beijing, China, in November, 2017. Jonathan Ernst | Reuters Barring an unlikely agreement or a presidential tweet, it will soon be 15% more expensive for U.S. companies to import everything from milk to diapers to sports equipment from China. Tariffs on
Autodesk president and CEO Andrew Anagnost in June 2017. CNBC Autodesk shares plunged more than 11% in extended trading on Tuesday after the software company said that the trade war could hurt its financials in the second half of the fiscal year. “While we continue to execute well and are not materially impacted by current
Beer being poured at Night Shift Brewing. Source: Night Shift Brewing Collin Castore started selling beer out of coolers in parking lots at Grateful Dead concerts. It was the mid-1990s and craft beer was a small niche market. While most people were drinking big labels like Budweiser and Miller, Grateful Dead fans had a taste
A financial advisory firm has been charged by the Securities and Exchange Commission with defrauding former professional football players. Former principals of Cambridge Capital Group Advisors, Philip Timothy Howard and Don Warner Reinhard, allegedly took more than $4 million from around 20 retired NFL players to invest in private hedge funds managed by the Tallahassee,
Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) applaud during the Nasdaq opening bell ceremony celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images Here are the biggest calls on Wall Street on Monday: Guggenheim upgraded Lyft
Trader Peter Tuchman works on the floor of the New York Stock Exchange, (NYSE) as the Dow Jones Industrial Average crosses 24,000, in New York, U.S., November 30, 2017. Brendan McDermid | Reuters Check out the companies making headlines midday Friday: Campbell Soup — Shares of Campbell Soup soared more than 8% on Friday after
A customer walks into a Dollar General store near Montpelier, Vermont. Adam Jeffery | CNBC Dollar General raised its full-year forecasts for sales and profit on Thursday as the discount store chain benefits from a wider selection of merchandise and store renovations, sending it shares up 8% before the bell. The outlook as well as
Jack Dorsey, chief executive officer and co-founder of Square Inc., speaks during a Bloomberg Television interview on Wednesday, Aug. 2, 2017. Bloombeg | Getty Images Twitter CEO Jack Dorsey’s account on the social network was compromised on Friday and began sending out erratic tweets. Dorsey’s account began sending a flurry of tweets, including some with
Homeownership eludes millions of millennials. There is a whole host of reasons, including personal preferences and economic disadvantages, that explain why the homeownership rate for the largest generation in U.S. history is lower than that of their parents and grandparents. “In my generation — I’m a baby boomer — you bought a home as quickly
Holiday shoppers at a Target store in Culver City, California. Mark Ralston | AFP | Getty Images Despite retailers banking on acceleration in the fourth-quarter from holiday sales, Wells Fargo said fundamental trends have deteriorated. “While the majority of companies appear optimistic on their ability to drive solid growth in [the fourth quarter of 2019],
Summer’s coming to a close, and that means the streaming wars are about to get a lot more real. Apple released a trailer for “The Morning Show,” one of the big series slated to hit its Apple TV+ service this fall. Disney just gave us more details behind its slate of shows for the Disney+
Stock market investors may be glad to see August go, but September might not be any better, unless there are some positive developments in the trade war. Markets enter September, anticipating a Federal Reserve rate cut mid-month and worrying the chilling in the global economy will reach the U.S. There appears to be no progress
Cans of Campbell Soup Co. Campbell’s chicken noodle and tomato soup. Andrew Harrer | Bloomberg | Getty Images U.S. food company Campbell Soup reported better-than-expected fourth-quarter profit, benefiting from cost cuts, sending shares up 5% before the bell. To better focus on its mainstream soup and snack businesses, Campbell has been streamlining its operations by
The CEO of Boston Beer Company told CNBC on Friday that the brewer is looking to enter the cannabis market next after its success in the hard seltzer business. “We’re not going to be the first one in, but we’re going to study and learn once the [hard seltzer] category develops. We’ll play it sometime
Don Humbertson, a 64 year old lung cancer surviver, is examined by Dr. Wade Harvey at the Clay-Battelle Community Health Center March 21, 2017 in Blacksville, West Virginia. Brendan Smialowski | AFP | Getty Images After paying into Medicare through payroll withholding for many years, you might think your coverage will be free once you
A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in New York, U.S., September 28, 2017. Brendan McDermid | Reuters Roku’s streaming business is growing faster than Netflix was at a similar stage in the company’s life, according to
Former New York Fed President Bill Dudley‘s push for the central bank to consider the 2020 election when crafting monetary policy is “grossly irresponsible” behavior, economist Larry Summers told CNBC on Thursday. Dudley, in a Wednesday post on Bloomberg, suggested the Federal Reserve could, and should, try to sway the election against President Donald Trump.
Best Buy shares fell 6.5% after its second-quarter revenue and same-store sales growth missed analysts’ expectations and upcoming tariffs on the company’s core products weigh on the stock. Investors were pessimistic Thursday morning, focusing on both the sales miss and a narrower estimate for same-store sales, driven by disappointing sales in Canada. However, the company
File photo of a ride-sharing driver displaying Lyft and Uber stickers on his front windshield in downtown Los Angeles. AP Photo | Richard Vogel Uber and Lyft on Thursday pledged $60 million to a California ballot initiative for the 2020 election that would maintain the status of their drivers as contract workers. The companies have been
KTSDESIGN | Science Photo Library | Getty Images Hackers are increasingly targeting the education industry, leaving students’ information vulnerable to identity theft and other types of fraud. Colleges, training providers and other private educational companies received more malicious emails than any other sector in the first quarter of 2019, according to Mimecast, an email and
Aaron M. Sprecher | Bloomberg | Getty Images Cash is still not the answer, despite looming economic uncertainty, according to UBS. “We believe that investors can keep their investment strategies on track for the long term even in the current uncertain times without retreating to cash,” UBS global chief investment strategist Mark Haefele said in
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Ulta nosedived 21% after the company lowered its guidance and missed earnings estimates. The beauty company lowered its revenue growth guidance to 9%-12%, compared to
The Abercrombie & Fitch store at South Park mall in Charlotte, North Carolina. Chris Keane | Reuters Abercrombie & Fitch cut its full-year sales forecast on Thursday after missing Wall Street estimates in the second quarter, as the apparel maker grapples with the impact of increased U.S. tariffs on Chinese goods. Shares of the New
Scott Mlyn | CNBC Shares of Ulta Beauty tanked more than 20% after the company reported earnings after the bell Thursday that missed analysts’ expectations and slashed its outlook for the fiscal year. Here’s how the company did, according to a survey of analysts from Refinitiv: Adjusted earnings per share: $2.76, vs. $2.80 expected Revenue:
Jeffrey Coolidge | The Image Bank | Getty Images Financial literacy is an important and necessary life skill. While we don’t widely see it on the classroom agenda, many are surprised to learn that it has been a formal part of the American education system for more than a century. The inconsistency occurs as financial
A JetBlue plane Tom Williams | CQ-Roll Call Group | Getty Images Here are the biggest calls on Wall Street on Wednesday: Deutsche Bank named JetBlue as a ‘catalyst call’ short-term investment idea Deutsche said investors should buy the airline’s stock and that it had a “good” balance sheet and “solid” market position among other
An Automobili Lamborghini SpA Aventador vehicle sits on display during the Gallery event at the MGM Grand Detroit ahead of the 2019 North American International Auto Show in Detroit, Jan. 12, 2019. Daniel Acker | Bloomberg | Getty Images The rich have cut their spending on everything from homes to jewelry, sparking fears of a
Italian Prime Minister Giuseppe Conte gestures as he delivers a speech at the Italian Senate, in Rome, on August 20, 2019, as the country faces a political crisis. Andreas Solaro | AFP | Getty Images Italian Prime Minister Giuseppe Conte was given a mandate to form a new government Thursday, as the opposition Democratic Party
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