JPMorgan Chase & Co.: “My charitable trust owns it. If I hadn’t mentioned it and it was therefore frozen, we would’ve picked some up today after listening to [CEO Jamie Dimon]. Now, I know that stock isn’t going to go up right now, but I’ve got a feeling. I mean, Warren Buffett’s in there buying
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November’s jobs report Friday should show a strong pace of hiring in a solid underlying economy, a stark contrast to some of the worst fears in financial markets this week. Sliding bond yields and falling equity prices have helped fan worries that the real economy is going to stall out and head for a recession.
A European lawmaker has called for updated regulation on Facebook and other social networks after a trove of revelatory emails was released by the British Parliament. Internal documents made public Wednesday by Britain’s digital, culture, media and sport committee showed senior executives at Facebook — including CEO Mark Zuckerberg — discussing the prospect of charging
We all know what inertia means. That’s when an object at rest tends to stay at rest. If that object is you, it means you keep doing what you’re doing, whether it’s watching TV or leaving your retirement plan untouched. After all, why bother? They know all about inertia in the retirement plan industry. Only
Wherever Mark Connors looks in markets, from stocks to currencies to oil, he sees signs of the unknown. Equity investors got whipsawed this week during two tough rough and volatile sessions, but Connors, global head of risk advisory at Credit Suisse, had seen worrying signs long before that. A key technical measure he tracks, the
After Lance Armstrong’s fall from grace cost him millions of dollars in lost endorsements and lawsuit settlements, one thing kept him on his feet: his investment in Uber. “It’s saved our family,” Armstrong told CNBC’s Andrew Sorkin in an interview aired on Thursday. In 2009, the former pro cyclist invested $100,000 in Chris Sacca’s nascent
Investor fears about an economic slowdown helped fuel Thursday’s drastic stock market sell-off. But the IMF’s Christine Lagarde said based on growth numbers, she doesn’t see cause for alarm. “I don’t see the elements of a recession in short order,” Lagarde, International Monetary Fund’s managing director, told CNBC’s Sara Eisen in Washington Thursday. “We still
Lululemon on Thursday reported quarterly earnings and revenue that beat analysts’ estimates, but its outlook for the fourth quarter was slightly weaker than expected. Shares of the company dropped nearly 5 percent in after-hours trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
Time is running out to give your Medicare coverage a checkup and make changes for 2019. The program’s annual enrollment period ends Dec. 7. If you take no action, you’ll automatically remain enrolled in your current plan. However, if you pass on the opportunity to see whether a better option exists, that decision could come
For sophisticated bond market investors, no three words invoke more fear and debate than “inverted yield curve.” Yet many individual investors don’t understand inversion and why a healthy fixed-income market is so critical to their financial well-being. With the near-800-point drop in the Dow on Tuesday being at least partially attributed to the sudden inversion
U.S. stock futures opened lower Wednesday amid lingering anxiety about a possible economic slowdown and continued murkiness around trade relations with China. On Wednesday evening, futures initially indicated that the Dow Jones Industrial Average would open 400 points lower. Dow futures fell as much as 486 points at their lows. Markets have since recovered and,
Tesla is on pace to begin production at its factory in China in the second half of next year, the Shanghai government said Wednesday. Land leveling is basically complete and construction is about to begin, with the factory expected to be put partially into operation in the second half of 2019, according to an official
European stocks are set to open lower Thursday morning, amid fears of a fresh flare-up in tensions between the world’s two largest economies. The FTSE 100 is seen 61 points lower at 6,860, the CAC is expected to open down around 68 points at 4,876, while the DAX is poised to start 166 points lower
If you’re hoping to trim your tax bill and ramp up your savings for 2018, you have about three weeks to call your accountant and get your act together. It has been a busy year for taxpayers and accountants, as the end of 2018 signals the first year under the Tax Cuts and Jobs Act.
If you’re like other retirees, you’re eager to see just how big your Social Security check will be next year. The Social Security Administration has released its cost-of-living adjustment, or COLA, notices online. To find out what your payment will be, log on to your My Social Security account. Your cost-of-living adjustment will be found
Mike Bloomberg said Tuesday in a Radio Iowa interview that he will probably try to sell Bloomberg LP if becomes president in 2020. “I think at my age, if selling it is possible, I would do that,” Bloomberg said. “At some point, you’re going to die anyway, so you want to do it before then.”
A federal judge has put on hold, for at least six months, a civil lawsuit accusing J.P. Morgan Chase of rigging the precious metals market, citing an ongoing related criminal investigation. Judge Paul Engelmayer’s decision came at the request of federal prosecutors in Manhattan, but only after he had repeatedly pushed them to justify the
U.S. luxury home builder Toll Brothers said on Tuesday its quarterly profit rose 62.1 percent, as it sold more homes at higher prices. The company’s net income rose to $311 million, or $2.08 per share, in the fourth quarter ended Oct. 31, from $191.9 million, or $1.17 per share, a year earlier. Revenue rose 21.1
Microsoft has been in the gaming business since the turn of the century. Finally it matters to the company from a financial standpoint. “Amy Hood, our CFO, she likes to tell me I’ve made the spreadsheet now, and she says that can be a good thing, and I’m on the spreadsheet. So she’s going to
There’s nothing more unnerving for investors than watching the market go up and down day after day. All the market gyrations have left many investors wondering if a bear market is coming soon. The good news is that many financial pundits have weighed in and say economic and market history shows the bear market (and
Americans of all ages do a lot of thinking about retirement — but that doesn’t mean they’re actually doing much else about securing a comfortable one, according to a new survey. In fact, a secure retirement as part of the American dream may involve just that — a lot of dreaming. The October survey of
Part of Tuesday’s stock market plunge may have stemmed from money managers giving up on getting clarity from President Donald Trump and his administration on their policies, CNBC’s Jim Cramer said as stocks settled. “We have maximum uncertainty. That makes people want to sell. That’s how money managers view the situation,” the “Mad Money” host
After sharp gains in the past week amid hopes for a trade deal, stocks fell back into correction mode Tuesday, plunging on worries the trade talks could fail and that global growth is slowing. But some strategists said the selling, which took the Dow down as much as 800 points intraday, appeared to be overdone
Dollar General on Tuesday lowered its full-year profit and sales forecast, hit by higher costs related to hurricanes in the third-quarter and higher freight costs, sending its shares down 6 percent before the bell. “As a result of the third quarter hurricanes and other disasters, we will record greater-than-anticipated expenses in the second half of
A water utilities group operating in the east of England has been crowned the best place to work in the U.K. for 2019, according to jobs website Glassdoor. Anglian Water topped a list of companies seen as strategically investing in work culture and growth opportunities. It is the only utility firm to feature in the
Whether it’s loading up on retirement savings or taking a 20 percent deduction, small-business owners are running out of time to save on their 2018 taxes. This has been a busy year for all taxpayers, as the Tax Cuts and Jobs Act went into effect in January 2018. The largest changes as a result of
Shave down your tax bill in the future by funding these two savings accounts in the present. Employees are likely familiar with the traditional 401(k), an account that allows you to put away pre-tax dollars and have them grow on a tax-deferred basis. Once you begin drawing down income in retirement, you will pay taxes
Veteran investor Jack Ablin suggests Wall Street is overreacting to the first Treasury yield curve inversion in a decade. According to Ablin, the 5-year Treasury note yield falling below the 2- and 3-year yields should not raise a red flag. The problem, he said, occurs when the 10-year note yield falls below the 2-year yield.
YouTube’s highest-earning star made $22 million in 12 months – and is only seven years old. According to a Forbes estimate published Monday, Ryan — the child star behind YouTube channel Ryan ToysReview — earned $22 million in the year to June 2018, and is one of the platform’s top “influencers” with 17.3 million followers.
J.P. Morgan Chase CEO Jamie Dimon said a permanent trade agreement between the U.S. and China will be tough to reach in just 90 days. “There’s no way you can see the complexity of these trade negotiations in 90 days,” Dimon said at the Goldman Sachs Financial Services conference on Tuesday. “I’m hoping they’ll announce