Workers install a Nike logo lamp outside the Wukesong Arena in Beijing, August 28, 2019. Tingshu Wang | Reuters BEIJING — At least on paper, the Chinese government is trying to show how serious it is about improving the local business environment for foreign companies. Joerg Wuttke, president of the European Union Chamber of Commerce
Month: October 2019
Various Halliburton equipment being stored at the equipment yard in Alvarado, Texas. Cooper Neill | Reuters Halliburton reported a 32% slump in quarterly profit on Monday, hit by weak demand for its services and equipment from oil and gas producers in North America, its biggest market. Revenue from North America fell 21% in the third
1. Dow to open higher despite Boeing’s indicated decline Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters U.S. stock futures were pointing to a higher open for the Dow Jones Industrial Average at Monday’s open on Wall Street despite a drag from shares of Dow component Boeing. The
Nils Hendrik Mueller | Cultura | Getty Images Stocks had a rocky close to 2018. That doesn’t mean your required minimum distribution from retirement accounts will be lower this year as a result. RMDs, as they are commonly known, are the minimum amount individuals who are age 70½ and older must take out of their
There are a number of companies set to report earnings next week, but there are five key names that investors should be focused on since these companies almost always beat the Street, according to data from Bespoke Investment Group. 1. Visa Visa reports fourth quarter earnings on Thursday after the bell, and if history is
Federal Reserve policymakers don’t have their minds made up about where interest rate policy is headed and will weigh conditions as they unfold, central bank Vice Chairman Richard Clarida said Friday. With the Fed less than two weeks away from a meeting at which markets expect another rate cut, Clarida said decisions will be made
IBM shares moved 5% lower after the company issued weaker-than-expected third-quarter revenue on Wednesday. Here’s how IBM did: Earnings: Excluding certain items, $2.68 per share, vs. $2.67 per share as expected by analysts, according to Refinitiv. Revenue: $18.03 billion, vs. $18.22 billion as expected by analysts, according to Refinitiv. IBM’s revenue has now dropped for
The tail wing of an American Airlines plane pulls into its gate after arriving at the Miami International Airport. Joe Raedle | Getty Images Government investigators have received details of a 2016 internal Boeing report that reportedly shows that about one-third of employees who responded felt “potential undue pressure” from management regarding safety approvals by
When you’re just starting out, life insurance may not be your first concern. Putting it off may cost you. Research shows that millennials, who are saddled with hefty student loan bills, have struggled to set money aside for other purchases — from life insurance to buying a home. On average, about 7 in 10 seniors
Sunrun installer putting up solar electric panels on a residential rooftop in California. Source: Sunrun Hedge fund Tiger Global Management is making a big bet on continued expansion at San-Francisco-based Sunrun, which has grown into the nation’s largest residential solar company. The fund, headed by Julian Robertson protégé Chase Coleman, has been steadily increasing its
Billionaire investor Leon Cooperman slammed Democratic presidential candidates Elizabeth Warren and Bernie Sanders on their proposals to put an additional tax on the richest Americans. “Stop portraying billionaires as criminals,” Cooperman said on CNBC on Wednesday, the morning after Warren and Sanders in the latest Democratic debate cast themselves as the hardliners on tacking wealth
Stocks will try in the week ahead to break the all-time highs set earlier in the year as a slew of S&P 500 companies get set to report. The S&P 500 and Dow Jones Industrial Average are both around 1% below their all-time highs while the Nasdaq Composite is about 2% away from its record.
James Gorman, chief executive officer of Morgan Stanley, fixes his jacket during a Bloomberg Television interview on the sidelines of the Morgan Stanley China Summit in Beijing, China, on Thursday, June 1, 2017. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report third-quarter earnings before the opening bell on Thursday. Here’s
The chairman of Switzerland’s largest bank is seeing what he calls an investor strike as the confusion and uncertainty surrounding Britain’s exit from the EU intensifies. “I think you’ve seen, with Brexit but also with the trade disputes, that there has been an enormous increase in uncertainty,” UBS Chairman Axel Weber told CNBC’s Geoff Cutmore
The Washington Post | Getty Images This month, thousands of high school students will submit their early action and early-decision applications to colleges. By demonstrating a preference to a particular school, studies have shown, an early application can give you a leg up, which goes a long way with competition that’s as fierce as it has
Denver money manager Fred Taylor of Northstar Investment Advisors. Source: Northstar Investment Advisors Managing investments in a year fraught with headline risks requires a sound strategy and the conviction to stand by it, but also the flexibility to take advantage of fast-changing market conditions. Denver money manager Fred Taylor has long focused on companies that
Jose Luis Pelaez Inc | DigitalVision | Getty Images We are tasked today with making many financial decisions, from managing our student loans to contributing to retirement accounts. Plus there’s paying credit card debt on time and keeping our credit score as high as possible. All of these are important, because our financial future is
HTC’s Exodus 1s smartphone comes packed with cryptocurrency-related features. HTC HTC is bringing out a cheaper version of its blockchain-friendly smartphone in a bid to entice the people hesitant about buying cryptocurrencies and expense flagships from the likes of Apple and Samsung. The Taiwanese smartphone maker on Saturday launched the Exodus 1s, a slightly smaller
The Honeywell International sign sits outside of the company’s former global headquarters in Morristown, New Jersey, on Friday, Jan. 26, 2007. (Photo by Daniel Barry/Bloomberg via Getty Images) Bloomberg | Bloomberg | Getty Images Diversified manufacturer Honeywell International fell short of Wall Street estimates for quarterly revenue on Thursday and cut its full-year sales forecast,
Carl Icahn, billionaire activist investor, waits for Donald Trump, president and chief executive of Trump Organization Inc. and 2016 Republican presidential candidate, not pictured, to speak at an election night event in New York, U.S., on Tuesday, April 19, 2016. Victor J. Blue | Bloomberg | Getty Images Billionaire investor Carl Icahn is moving his
Jupiterimages | Photolibrary | Getty Images One-quarter of Americans plans to vacation outside the U.S. in the next 18 months, according to a new AAA survey, while 80% have already taken a foreign trip and 2 in 5 — nearly 77 million adults — have rented or used a vehicle while abroad. Sales of international
Five states hit new lows in unemployment during September, including a couple that could be pivotal in the 2020 presidential election. As the national jobless level fell to 3.5%, a 50-year low, Alabama (3%), California (4%), Illinois (3.9%), New Jersey (3.1%) and South Carolina (2.9%) set all-time bottoms in data that goes back to 1976,
Barry Sternlicht, co-founder of the privately held Starwood Capital global investment firm, believes a wealth tax, as envisioned by Democratic presidential candidates Elizabeth Warren and Bernie Sanders, would not be feasible. “I think it’s a crazy idea,” Sternlicht said on CNBC’s “Squawk Box” on Friday. The wealth tax from Sanders, a Vermont democratic socialist, would
[embedded content] [The stream is slated to start at 12:45 p.m., ET. Please refresh the page if you do not see a player above at that time.] James Gorman, CEO of Morgan Stanley, and J.P. Morgan Chase CEO Jamie Dimon were set to speak Friday at an event organized by the Institute of International Finance
Marcos Brindicci | Reuters Coca-Cola will report third-quarter earnings before the bell Friday. Here’s what analysts surveyed by Refinitiv are expecting: Earnings per share: 56 cents expected Revenue: $9.4 billion expected Coke’s stock, valued at nearly $231 billion, is up 14% since the start of the year. Shares of rival PepsiCo, which has a market
CNBC’s Jim Cramer takes a look at the week ahead for earnings, which includes a deluge of reports on Tuesday and Wednesday. The “Mad Money” host says it’s time to revamp the FAANG group and swap one company for another tech giant. Later in the show, Cramer makes recommendations for financial stocks. Earnings overload has
Social Security is a central pillar in retirement security for current retirees and baby boomers. Younger generations are predicting a different outcome. More than 60% of current retirees say their monthly Social Security checks are the primary way they cover their expenses, while just 13% of millennials expect that to be their situation, according to
Pimco founder and bond industry legend Bill Gross is done with his previous life running huge investment bonds and making market headlines. But that doesn’t mean he’s done as an investor. Instead, the one-time “bond king” is putting money to work for his own sake rather than running what was once the world’s largest bond
Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images It remains to be seen how long other clients will stick with billionaire money manager Ken Fisher in the wake of off-color and sexist comments
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, on Wednesday, Sept. 25, 2019. Tiffany Hagler-Geard | Bloomberg | Getty Images J.P. Morgan Chase CEO Jamie Dimon is not bullish on the future of Facebook’s libra cryptocurrency. “It was a neat idea that’ll never
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