Ben Silbermann, co-founder and chief executive officer of Pinterest Inc., center, rings the opening bell on the floor on the New York Stock Exchange during the company’s initial public offering (IPO) in New York, on Thursday, April 18, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell.
Month: August 2019
The inside of Walmart’s Intelligent Retail Lab in Levittown, New York, where the retailer is testing a slew of new technology. Source: Walmart Shares of retailers are tanking as they are seen as the biggest target in the new round of China tariffs. President Donald Trump abruptly ratcheted up the trade war with China Thursday,
House Ways and Means Committee Chairman Kevin Brady (R-TX) holds up an example of the ‘postcard-sized’ form he wants people to use when filing their taxes during a markup session of the proposed GOP tax reform legislation in the Longworth House Office Building on Capitol Hill November 6, 2017 in Washington, DC. Getty Images The
What is “autopilot spending”? According to a new report by the Urban Institute, “Fiscal Democracy in the States: How Much Spending on Autopilot?“, this is spending that “is determined before governors propose or lawmakers negotiate a budget.” And according to their analysis, based on a high- and low-end estimate (that is, varying definitions of what
As cost, consumer demand and design capabilities shape the direction of smart home technology, where do new business opportunities lie? What’s in the walls of a home? What used to be wood and insulation with a few electrical wires is now becoming a complicated mess of connected devices, a central nervous system controlling every action
Many LGBTQ people struggle with money, same-sex parents are hit especially hard. Getty Seven in ten LGBTQ Americans say they are behind on saving for retirement. This statistic blows my mind as my recent post that talked about how married Gay Men and Lesbians made more on average than our straight counterparts. All the same, I’m not
Chipotle: “I want you to hold Chipotle. This is the kind of stock that you don’t have to worry about with China. The stock is up a lot, so there will be profit-taking and you buy it because they’ve got their destiny under control.” Hexo: “Too early. Too early. Too early. Aphria, by the way,
A Wayfair employee works at his desk at the Boston headquarters of Wayfair on July 31, 2018. Suzanne Kreiter | Boston Globe | Getty Images Wayfair shares whipsawed Thursday morning after the online furniture retailer reported a larger loss for its fiscal second quarter, as costs for things like advertising and customer service skyrocketed. The
AFP | Getty Images Square is getting out of the food delivery business. The payments company is selling its on-demand delivery service Caviar to DoorDash for $410 million, Square announced during second-quarter earnings Thursday. The acquisition will be a combination of cash and DoorDash preferred stock, and is expected to close at the end of
The surprise tariffs President Donald Trump announced Thursday against $300 billion or so of Chinese goods takes the trade dispute between the two countries to a new level, even though in dollar terms it doesn’t amount to a whole lot. The president’s announcement jolted markets, which had bounced back sharply off Wednesday’s disappointing Fed rate
A new bill in Congress aims to give older Americans a tax break for setting aside money for medical expenses, a strategy many give up when they reach age 65. There would be a trade-off, however. Called the Health Savings for Seniors Act and introduced by Reps. Ami Bera, D-Calif., and Jason Smith, R-Mo., the
Person Getty Smart, sensible and empowering. That’s how I describe – Trust Your Doctor, but Not That Much – Be Your Own Best Healthcare Advocate. Reina S. Weiner, the author of this new book, takes all of us on a journey to discover how to take control of our healthcare. She’s written a guide to
A Redfin yard sign outside a home in Seattle, where the company had its headquarters. (Stephen Brashear/Getty Images for Redfin) Getty Better than expected second quarter earnings lifted shares of discount real estate brokerage Redfin in after trading hours Thursday. Revenue for the quarter was $197.8 million, up 29% from a year ago. While the
Woodbridge, New Jersey – April 26, 2015: A replica of the Back to the Future DeLorean is shown at a local car show Getty My daughter asked for a pair of throwback Nike sneakers this week to match her ringer tees and scrunchies. Not to be outdone, my son wants a DeLorean. It feels like
Concept rendering of Universal Orlando Resort’s newest theme park: Epic Universe. NBC Universal Universal Studios Resort is adding another theme park to its roster. Parent company Comcast revealed Thursday that it would be building Universal’s Epic Universe, a major expansion in Orlando, Florida that includes hotels, restaurants and shops. The news comes just as Disney
A customer smokes British American Tobacco Plc’s Glo smokeless tobacco device in Tokyo, Japan, June 26, 2017. Akio Kon | Bloomberg | Getty Images British American Tobacco beat first-half sales forecasts on Thursday, helped by higher demand for e-cigarettes, and predicted a stronger performance in the second half as it focuses on a smaller number
Likely Federal Reserve nominee Judy Shelton compared the current situation involving the U.S. central bank and its global counterparts to the 1930s as the world struggled through the Great Depression. Shelton referred to the central banks lowering rates and devaluing their respective currencies to undercut competitors. The Fed lowered its benchmark interest rate by a
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., on Wednesday, July 31, 2019. Andrew Harrer | Bloomberg | Getty Images Two words from Federal Reserve Chairman Jerome Powell — “midcycle adjustment” — may have briefly roiled financial markets, but
Ezra Bailey | Getty Images Stashing the maximum amount into your 401(k) plan is no easy feat — but a handful of taxpayers are making it work. In all, more than 4.6 million taxpayers contributed the maximum amount in their 401(k) during the 2016 tax year, the latest data available from the IRS. Back then,
Guest Contributor, Alex Murguia, Ph.D., CEO of Retirement Researcher The most valuable asset 99% of us will ever have is our ability to generate income. The reason we go to school and university is to harness the ability to tap into our human capital potential to create an income stream. With skill in hand, you