The two presentations couldn’t have been more jarringly different. Last month, Apple launched its hotly awaited new TV service, Apple TV+. Notable celebrities took the stage, including Oprah Winfrey, Jennifer Aniston, Steven Spielberg, Reese Witherspoon and Steve Carrell. But the payoff was lacking. There were virtually no clips of actual show footage, leading to somewhat
Month: April 2019
Health care just caught a cold. The Health Care Select Sector SPDR Fund, an exchange-traded fund tracking 62 major health-care companies, has shed more than 2% in the last month. The iShares U.S. Healthcare Providers ETF, a similar fund tracking 47 health-care providers, has lost about 5%. Uncertainty around the fate of the Affordable Care
Drop the avocado toast. Many millennials can barely pay their tax bill. Six out of 10 people in this age cohort don’t have $500 set aside to cover what they owe the IRS for tax year 2018, according to a recent survey from Varo, an online savings bank. The company polled 1,200 U.S. consumers between
Sens. Kirsten Gillibrand, D-N.Y., Bernie Sanders, I-Vt., left, and Jeff Merkley, D-Ore., conduct an event to introduce the ‘Medicare for All Act of 2019’ in Dirksen Building on Wednesday, April 10, 2019. Getty Whenever “Medicare For All” hits the headlines, healthcare stocks hit an air pocket. With Sen. Bernie Sanders now leading the field of
Getty Getty The tax filing deadline is upon us. If you are like many Americans, your initial thoughts are that you managed to get your 2018 tax return done without any big surprises. You might have taken advantage of the tax cuts that everyone was talking about. You probably even promised yourself that next year,
Horse stables 929 Media The late Elizabeth Ross ‘Libet’ Johnson, great-granddaughter of the co-founder of Johnson & Johnson (which ranks on several Forbes’ lists, including #48 on the Best Employers For Diversity), maintained an impressive real estate portfolio during her life. The grandest of them all is this six hundred acre estate, called Lightning Tree Farm,
An interview with billionaire entrepreneur and Shark Tank investor, Mark Cuban. In this interview, Mark discusses his early business ventures and how he made them successful, including the success he had in trading and starting a hedge fund. Mark also talks about the Dallas Mavericks, politics and Shark Tank. ???? Books by Mark Cuban and
Best Buy on Monday said Corie Barry, currently the company’s chief financial and strategic transformation officer, will become its new chief executive officer, effective June 11, making her the first woman ever to serve in this role. Hubert Joly, who is Best Buy’s current board chairman and CEO, will become executive chairman of the board,
Goldman Sachs is scheduled to report first-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $4.89 a share, down 30% from a year ago, according to Refinitiv.Revenue: $8.9 billion, down 10% from a year earlier.Trading Revenue: Equities $1.81 billion; Fixed income $1.77 billion, according to FactSetInvesting Banking: $1.65 billion It’s only
Citigroup is scheduled to report quarterly results later on Monday. Here’s what Wall Street is expecting from the banking giant: Earnings: $1.80 per share expected by Refinitiv Revenue: $18.634 billion forecast Fixed-income, currencies and commodities (FICC) trading revenue: $3.05 billion expected by StreetAccount Equities trading: $930 million Investment banking revenue: $1.2 billion forecast Net interest
If you ask any Republican member of the U.S. House of Representatives or the U.S. Senate what is the most significant fiscal accomplishment of the Trump presidency, the overwhelming answer would be the Tax Cuts and Jobs Act, or TCJA. When passed in December 2017, the TCJA did not have majority American support. Despite this
Wealth is a crucial tool for middle-class families to handle financial emergencies and to get ahead, for instance, to pay for their children’s education. But heavily concentrated wealth creates a plutocracy that influences policy and hollows out America’s middle class. Wealth has indeed become increasingly concentrated as a new American class of multimillionaires and billionaires
Close up of the fingers of a man dialing out on a land line telephone pressing the number keys on the keypad in a communications concept.Getty Last year, callers reported more negative robocalls on Tax Day than any other day. A whopping 143 million negative robocalls were placed on Tax Day in 2018, according to
When it comes to selling a home, there is no one-size-fits-all solution. Instead, it’s important to weigh all the options available. When listing and selling a property, most homeowners want to achieve the quickest, easiest, most logical and most financially advantageous outcome. That said, it can be challenging to determine which ones are the most
An interview with billionaire Sequoia venture capitalist, Michael Moritz. In this interview, Michael discusses how he went from a journalist to a venture capitalist and what characteristics he looks for in investments and entrepreneurs. Michael also talks about what he would do today if he just graduated and the future of Silicon Valley. ???? Books
A few years ago, Adidas was struggling to find much interest in its TaylorMade golf clubs. After Tiger Woods’ historic Masters win on Sunday, it may want them back. The sportswear giant put the unit up for sale in 2016 to focus on its shoes and clothing, as the golf industry was under pressure. Woods
The best investment opportunities may be thousands of miles away, according to a major Wall Street firm. That is, the upside potential is larger in Europe and Asia than in the United States, Medley Global Advisors’ Ben Emons told CNBC. That assessment is not coming because he sees the American economy barreling toward trouble as
The Game of Thrones final-season premiere is this weekend. But in a larger media sense, it began Thursday. Disney’s announcement this week that Disney+ will launch Nov. 12 for $6.99 per month will set off a battle royal among streaming services. By the end of the year, consumers will have enough streaming content at their
Nothing is certain but death and taxes, Benjamin Franklin famously said. Today, that adage should also include rising health-care costs. As young adults start saving for the future, the ever-growing price tag of health care can throw a wrench into their plans. They should consider using a health savings account – it’s not the right
What should you do when a favorite stock goes the wrong way? Getty Eli Lilly is down 2.8% since Wayne Himelsein, my top quant manager, last recommended it. All investors, even the great ones often find that the market does not quickly come around to their way of thinking after they buy a stock. Developing a consistent
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