DuPont products are shown for sale in a hardware store in National City, California, December 9, 2015. Mike Blake | Reuters DowDuPont reported a 28% fall in adjusted quarterly profit on Thursday, as floods in the U.S. Midwest and a sluggish growth in auto and smartphone markets hit prices of its specialty and agricultural chemicals,
Month: May 2019
John Thain Adam Jeffery | CNBC Investor group CtW demanded changes to Uber’s board of directors ahead of the ride-hailing company’s anticipated IPO, saying on Wednesday its governance “falls short of best practices.” In a letter addressed to Uber Chairman Ronald Sugar, CtW called for the removal of former Merrill Lynch executive John Thain from
It’s been a record-making year for Procter & Gamble. The Dow stock is within range of notching a 27th record high so far this year, a new peak in its nearly 130 years as a public company. At 26 all-time highs this year, that marks its most over the January-to-April period since at least 1972.
RichVintage | E+ | Getty Images If we could teach young people just one thing to improve their chances of financial success, it would be the concept of compounding. Only when your investment gains begin to earn investment gains of their own are you truly on the path to building meaningful wealth. Yet this message
Retirement Researcher The final use for a reverse mortgage is to preserve the line of credit as an insurance policy against a variety of retirement risks. Preserving credit as insurance involves setting up a HECM reverse mortgage as early as possible and then leaving it unused until needed. The up-front costs for the reverse mortgage
U.S. Secretary of Education Betsy DeVos Photo credit: The Washington Post/Getty Images (Photo by Bill O’Leary/The Washington Post via Getty Images) The latest student loan debt statistics show that more than 99% of people who applied for public service loan forgiveness have been rejected. Here’s what you need to know and what to do about it.
As an old retail adage goes, “Customers remember the service a lot longer than they remember the price.” Yes, that’s a catchy quote. But it also plays out when you look at the numbers. One study found that U.S. companies actually lose $75 billion a year because of poor customer service. On the flip side,
Kohl’s Corp.: “Kohl’s is run by the fabulous [CEO] Michelle Goss, who is doing a great job. Heavily shorted stock, that makes no sense. I know the quarter’s not gonna be that great, but I say [buy].” Exxon Mobil: “You’re not going to get hurt with a 4% yield buying Exxon at these prices, but
Pedestrians pass in front of a CVS location in New York. Scott Mlyn | CNBC CVS Health on Wednesday crushed first-quarter expectations and raised its full-year forecast as the company’s newly acquired health insurance business boosted results and its pharmacies filled more expensive prescription drugs. Its stock price jumped 5.7% in premarket trading. Here’s what
Denis Doyle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Qualcomm dropped as much as 5% in extended trading Wednesday despite the semiconductor company’s better-than-expected second-quarter earnings. Qualcomm reported earnings per share of 77 cents on revenue of $4.98 billion. Wall Street expected earnings per share of
Apple rallied nearly 5% on Wednesday, but CNBC’s Jim Cramer said there could soon be even more upside. “That’s why I always say own it, don’t trade it,” the “Mad Money” host said. “With this quarter, we got yet another reason to stick with Apple, and even after today’s terrific run, I think it will
Grant Taylor | Getty Images You’ve probably heard the saying “Birds of a feather flock together.” But you probably never thought that could apply to the mutual fund you’re invested in due to political bias. Yet that is exactly what research from Dr. Yaoyi Xi, assistant professor of finance at San Diego State University’s Fowler
Just before Easter, and (ahem) while some of us were travelling, the Brookings Institute hosted a panel on the topic, “Can retirement plans provide safe income?” for which the video and transcript are both available. The sessions featured economist Richard Thaler, known for his concept of the “nudge” and behavior economics, for which he was
Increased tariffs designed to protect the U.S. steel industry are starting to have international repercussions in unexpected places with Malaysia launching an anti-dumping investigation into steel imported from Turkey, a country hit hard by the changed U.S. import rules. What’s upset Malaysia’s steel industry is a flood of cheap steel from Turkey that used to
Today’s real estate consumers expect lightning-fast responses, and in my experience providing that as an agent can mean more conversions, more sales and most importantly, stronger long-term customer relationships. Texting can offer busy agents and real estate pros a quick and easy way to provide these immediate responses, without taking up too much time or
Facebook CEO Mark Zuckerberg makes his keynote speech during Facebook Inc’s annual F8 developers conference in San Jose, California, U.S., April 30, 2019. Stephen Lam | Reuters Facebook CEO Mark Zuckerberg is excited about payments and private commerce. “When I think about all the different ways that people interact privately, I think payments is one
Greg Creed, CEO, Yum Brands Scott Mlyn | CNBC Yum Brands on Wednesday reported quarterly earnings that beat analysts’ expectations. Shares of the company were up less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share:
The CVS Health logo appears above a trading post on the floor of the New York Stock Exchange. Richard Drew | AP Check out the companies making headlines midday Wednesday: Apple — Apple surged 7% after the release of its fiscal second-quarter results. Apple reported earnings of per share of $2.46, 10 cents above a
Oliver Rossi | Corbis | Getty Images Maybe you won’t hit an actual million in retirement savings. But if you change your strategies now, it’s definitely possible to double or triple the size of your retirement account. It all depends on how much you learn and how much you invest. You can take 100 people
This is a comparison of Wednesday’s FOMC statement with the one issued after the Fed’s previous policy-making meeting on March 20. Text removed from the March statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears