CNBC’s Jim Cramer is bullish about Apple‘s iPhone potential in China. The tech titan has been a focal point of the trade war between the United States and China, but the dispute reportedly has not damped Chinese consumer interest in the latest iPhone launch that hit stores worldwide on Friday. Demand for the cheaper of
Month: September 2019
When it comes to healthy financial habits, tapping your income ahead of payday is an old-school red flag. However, a growing number of companies, including Walmart, are giving advances by offering what’s now called “accelerated pay.” As a perk, roughly 12% of companies include accelerated pay as another way of luring job candidates as wages
India traders at the Motilal Oswal Financial Services Ltd. office in Mumbai, India. Vivek Prakash | Bloomberg | Getty Images Indian stocks surged overnight Friday after the country’s government announced a big cut to India’s corporate tax rate. The India S&P BSE Sensex index jumped 5.3% to notch its biggest one-day gain since May 5,
Before you start counting all the ways you’d use the $211 million Mega Millions jackpot if you’re lucky enough to win, remember that a hefty chunk of the bonanza goes to Uncle Sam. The game’s top prize has been climbing since late July, when a single ticket sold in New Hampshire matched all six numbers
The New York Federal Reserve will continue overnight repurchase operations through October as it seeks to quell market instability from earlier this week. Short-term rates in the “repo” market spiked overnight Monday amid a shortfall in funding stemming from a variety of factors. The Fed responded with a series of liquidity injections aimed at preventing
A worker pushes Amazon.com Inc. packages in front of a FedEx Corp. delivery truck in New York. Christopher Lee | Bloomberg | Getty Images Shares of FedEx fell more than 7% Tuesday after the company missed quarterly earnings estimates and lowered its 2020 guidance. Here’s how the company did for its fiscal first quarter, ended
A collection of popular vaping products include Suorin, Juul and Blu are displayed for Cheryl Phillips’ presentation at St. Joseph Mercy Canton Health Center in Canton on Monday, Sept. 24, 2018. The U.S. Food and Drug Administration has announced a series of policies to attack what it calls “the epidemic use of electronic cigarettes and
Source: Twenty/20 College graduates in 2018 are even deeper in debt than prior classes, signalling that the student loan crisis is swelling. Two in 3 college graduates in 2018 had borrowed for their education. The average graduate owed $29,200, up from $28,650 in 2017, according to a report by The Institute for College Access &
(L to R) Afsaneh Mashayekhi Beschloss, Clifton S. Robbins, and Dr. Rajiv Shah during a panel discussion at the 2019 Delivering Alpha conference on Sept. 19. 2019. Adam Jeffery | CNBC Several investors have been wary of incorporating environmental, social and governance standards into their strategies. However, two investors think increased attention to ESG will
Billionaire Robert Smith said young Americans need a better understanding and appreciation of capitalism, as wealth and success come under attack on the Democratic campaign trail. “This country needs to make sure that our young people understand the importance of capitalism,” he told CNBC. Smith was in New York to celebrate the IPO of Ping
Night view of Nanjing Road in Shanghai. zhuyufang | iStock | Getty Images BEIJING – The Chinese government is encouraging businesses and local districts to develop the so-called “night economy” in an effort to boost growth. Some retailers and hospitals have extended their operating hours, while cities are also spending on elaborate light shows. It’s
Shantanu Narayen, CEO of Adobe, attends a media event in Mumbai on May 3, 2017. Abhijit Bhatlekar | Mint | Hindustan Times | Getty Images Adobe shares fell as much as 4% on Tuesday after hours, as the company reported better-than-expected fiscal third quarter earnings and soft quarterly guidance. Here’s how the company did: Earnings:
As the calendar inches closer to the fourth quarter, CNBC’s Jim Cramer said Thursday Chipotle Mexican Grill will be a top target on the market as money managers get ready to double down on the highest winners of 2019. The stock has trounced the S&P 500 this year, outperforming the broad index about 92% to
Moms may want to reevaluate their worth in the household. While the majority of fathers (78%) and mothers (79%) say their own death would have a “substantial” impact on their family’s quality of life, women cite a lower amount of life insurance needed for the family if they were to pass away, according to new
Trian Partners co-founder and CEO Nelson Peltz explained to CNBC on Thursday the backstory to his firm’s position in struggling General Electric, breaking down what the hedge fund’s “big mistake” on the position was three years ago. “We bought the stock at $23 … it went up to $32; we sold a third of our
The New York Federal Reserve building in New York. Scott Eells | Bloomberg | Getty Images The Federal Reserve has calmed the overnight funding market and brought its fed funds rate back in line with its target. But the question is how long will the Fed have to remain engaged, following the third day of special
General Mills’ Cheerios for sale on a store shelf. Lisa Baertlein | Reuters Cheerios maker General Mills Inc’s quarterly sales fell short of Wall Street estimates on Wednesday, hit by weak demand for its baking products and snacks in the United States and challenges in key emerging markets such as Brazil and India. The company,
A man uses a vape as he walks on Broadway in New York City, September 9, 2019. Andrew Kelly | Reuters An outbreak of a deadly vaping-related lung disease has sickened 530 people — mostly young men — and killed seven, federal health officials said Thursday, adding that investigators still haven’t found a cause. The
Tereza | Twenty20 As the Federal Reserve lowers rates, it’s a good idea to make sure your savings are still getting the biggest boost. The central bank cut its benchmark short-term interest rate by a quarter of a point. In July, the bank cut rates for the first time since the Great Recession. As a
Lacy O’Toole | CNBC Berkshire Hathaway‘s executive Tracy Britt Cool is leaving the firm after a decade to start a company that replicates Warren Buffett’s business model. Cool, who joined Berkshire in 2009 as Buffett’s financial assistant, said she’s building an investment vehicle that acquires companies “too small for Berkshire,” The Wall Street Journal reported.
People walk past an AT&T store in New York on October 23, 2016. Kena Betancur | AFP |Getty Images Check out the companies making headlines after the bell: AT&T shares climbed more than 2% in extended trading following a Wall Street Journal report that the company is exploring a spinoff of DirectTV unit as its
Chewy shares fell 2% in extended trading Tuesday despite reporting a narrower-than-expected second quarter loss. The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv. Sales also grew 43% from last year. The company’s second quarter loss widened to $82.9
CNBC’s Jim Cramer says it’s a positive sign that bank stocks rallied after Federal Reserve Chairman Jerome Powell announced the central bank would issue a quarter-point cut in the federal funds rate. The “Mad Money” host tries to make sense of trouble that appears to be on the horizon for Adobe and FedEx. He goes one-on-one
Grandfather and grandson walking on the country road freemixer | E+ | Getty Images Apparently, your rich grandpa can’t donate his fortune to charity in peace. While handing off wealth to the next generation is a major component of estate planning, few people discuss their philanthropic goals with their heirs. Indeed, 8 out of 10
FedEx Chairman and CEO Fred Smith expressed extreme pessimism about the global economy on the delivery giant’s post-earnings conference call with analysts. “This is the most dispiriting call about the economy I’ve heard in a very long time,” CNBC’s Jim Cramer said Wednesday. Smith was “basically implying that we’re going to import that slowdown,” the “Mad Money” host
Like vast wealth, the view from the 123rd floor of the tallest apartment building in the world can quickly warp your perspective on life. At nearly 1,400 feet, looking down on the Empire State Building, you aren’t just above New York City – you lord over it. Cars become toys and people become dots. Central
Jeff Bezos, founder of Amazon and Blue Origin speaks during the JFK Space Summit, celebrating the 50th anniversary of the moon landing, at the John F. Kennedy Library in Boston, June 19, 2019. Katherine Taylor | Reuters Online shopping giant Amazon is betting that some customers would rather use cash. The e-commerce company announced “Amazon
TransferWise co-founders Taavet Hinrikus and Kristo Kaarmann. TransferWise Financial technology firm TransferWise booked a profit for the third year in a row, a rare show of growth for an industry littered with start-ups that have struggled to break even. The London-based company said on Wednesday that its net profit after tax climbed to £10.3 million
Andrew Wheeler, acting administrator of the Environmental Protection Agency (EPA), speaks during an event at the National Association of Manufacturers (NAM) in Washington, D.C., U.S., on Thursday, Sept. 12, 2019. Andrew Harrer | Bloomberg | Getty Images President Donald Trump said Wednesday that his administration is barring California from setting its own auto emissions standards,
It’s the night before a school field trip, and your son or daughter suddenly remembers they need cash for the next day. Do you have the money in your wallet? Or do you need to make a light-night stop at an ATM or have another child temporarily lend them the money? Nicholas Prior | Getty
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