President Donald Trump, center, speaks while Mary Barra, chief executive officer of General Motors Co. (GM), from right, Stephen Schwarzman, co-founder and chief executive officer of Blackstone Group LP, Indra Nooyi, chairman and chief executive officer of PepsiCo Inc., and Ginni Rometty, president and chief executive officer of International Business Machine Corp. (IBM), listen during
Month: August 2019
Elsa Hosk, Adriana Lima, Behati Prinsloo, and Candice Swanepoel pose during the finale of the 2018 Victoria’s Secret Fashion Show at Pier 94 on November 8, 2018 in New York City. Taylor Hill | FilmMagic | Getty Images Lingerie maker Victoria’s Secret dragged on parent company L Brands‘s second-quarter earnings, which topped analysts’ expectations on profit while
Michael Burry attends the “The Big Short” New York premiere at Ziegfeld Theater on November 23, 2015 in New York City. Jim Spellman | WireImage | Getty Images GameStop shares jumped after Barron’s reported that investor Michael Burry, one of the main money managers depicted in Michael Lewis’ book “The Big Short,” is long the
Philadelphia Fed President Patrick Harker said Thursday that while he reluctantly supported the central bank’s rate cut in July, he doesn’t see the case for additional stimulus. “We’re roughly where neutral is. It’s hard to know exactly where neutral is, but I think we’re roughly where neutral is right now. And I think we should
Experts have a message for anyone thinking about relying on basic Medicare with no extra coverage: Don’t do it. With deductibles, copays, coinsurance and — this is a biggie — no out-of-pocket maximum, the program has a variety of costs that make having no backup insurance a huge financial risk. “All it takes is one
Separation could be a more financially secure alternative for people over 55 considering divorce says an expert. Photo credit: Getty Getty Thinking about getting a divorce after 55? Healthcare could make legal separation or just separating a wiser choice, suggests attorney Richard Neuworth. He will be leading a discussion on the impact of divorce on
Meryl Streep wearing dress by Oscar de la Renta sat the premiere of HBO’s Big Little Lies Season 2 at Jazz at Lincoln Center. Lev Radin/Pacific Press/LightRocket via Getty Images The TriBeCa home of one of Hollywood’s most accomplished actors has come back on the market with a new price and a new look. Meryl
Share to facebook Share to twitter Share to linkedin Serving on the board of directors of a nonprofit can be rewarding, but not if you end up paying for the organization’s tax problems. Your first reaction might be to say what tax problems, for aren’t nonprofits, especially public charities, tax exempt? Not entirely. For example, nonprofits
Shares of Lowe’s surged more than 10% after the company posted better-expected results in its second quarter raised guidnace on Wednesday. That’s not the only thing that propped the stock’s rally during the session, if you ask CNBC’s Jim Cramer. After Home Depot — Lowe’s chief rival — beat profit estimations the day prior, a number
Signage is displayed outside of the Cardinal Health Inc. headquarters in Dublin, Ohio. Ty Wright | Bloomberg | Getty Images Drug distributor Cardinal Health warned on Tuesday that its business could be hurt as it defends itself against several opioid-related lawsuits. Several pharmaceutical wholesale distributors, including Cardinal, have been named as defendants in about 2,500
Federal Reserve Chairman Jerome Powell reacts during a press conference in Washington D.C., the United States, on July 31, 2019. Liu Jie | Xinhua | Getty Images Market moves were modest after the Fed released minutes of its last meeting, but the message was clear — the market still fears the Fed will not be
Federal Reserve officials who voted to lower interest rates three weeks ago agreed that the move shouldn’t be viewed as an indication that there is a “pre-set course” for future cuts, according to meeting minutes released Wednesday. The summary indicated that policymakers viewed the move as a “mid-cycle adjustment,” an expression Chairman Jerome Powell used
RyanJLane | Getty Images President Donald Trump has considered new payroll tax cuts to let American workers take home bigger pay checks. But such a move could have negative consequences for both individuals and the economy, a number of experts warn. The president told reporters on Tuesday that he is “thinking about” cutting payroll taxes.
Gottlieb Daimler took on the role of mentor to an orphan, Karl Maybach, and in doing so made the first Mercedes car a reality in 1901. Getty Images There have always been significant challenges associated with inter-generational succession, with the majority of family businesses not being able to succeed into the next generation. The challenge
Mortgage refinances are surging, but the increased demand comes at a price. Getty Mortgage refinances are surging thanks to low mortgage rates, which hit nearly three-year lows just last week. Currently sitting at 3.6% according to Freddie Mac, they’ve spawned a 180% uptick in refinance applications since just one year ago. Online mortgage lender Better.com
Democrats should hold Trump and the GOP accountable for their inability to manage the nation’s finances. ASSOCIATED PRESS A new report from the Congressional Budget Office projects federal budget deficits between 2019 and 2029 to be $872 billion higher than was projected just three months ago. As a result, Donald Trump will be forced to campaign
Technology has impacted nearly every industry and one subset is transforming the backend of business operations. Cloud computing is a secular growth theme in recent years that has been one of the hottest parts of the market, yet the average person can’t explain what the companies that make up the group actually do, CNBC’s Jim
Toll Brothers reported a better-than-expected quarterly profit on higher home prices, but its shares fell as orders declined, hinting at weaker demand for new homes. Slowing economic growth and recent stock market volatility, triggered by an escalating U.S.-China trade war, have made some Chinese buyers more cautious about investing in the U.S. property market, potentially
A Nordstrom store in Irvine, California Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of Nordstrom surged 11% in extended trading after the retailer posted a strong profit despite weakening second-quarter sales. The company reported adjusted earnings per share of 90 cents on revenue of $3.87 billion. Analysts had expected
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019. Sarah Silbiger | Reuters Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battle, citing the issue multiple times during discussions at the central bank’s July
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