Retail giant Walmart is coming back big time lately, as evidenced by a string of quarterly reports — including one this week — which confirm a rise in both store and Internet sales. Walmart reported a 3.4% jump in U.S. Q1 comp sales, and a 37% jump in eCommerce sales. There was a time Walmart
Month: May 2019
With a career that has spanned the Department of Defense to spirits, television and hip-hop, Dia Simms is familiar with being the lone woman in the boardroom. In male-dominated industries for the past 20-plus years, she learned quickly to navigate a man’s world — and bring value to the table. The president of Combs Enterprises
Conservative economics writer Stephen Moore, who has been advocating for the Federal Reserve to cut interest rates, told CNBC on Friday that he would feel vindicated if central bankers were to go down that path. “We could call that ‘Moore’s revenge'” if the Fed ends up cutting rates, said Moore, who earlier this month under
Bill Marvin and Chris Seib (CTO and co-founder) action shot Meagan Ebersole | JP Morgan Chase J.P. Morgan Chase is buying medical payments technology firm InstaMed to push more deeply into the $3.5 trillion market for U.S. health-care spending. The bank agreed Friday to purchase InstaMed, a Philadelphia-based company of about 300 employees that processed
What are the options for retirees to secure health insurance if they retire before they become eligible for Medicare? Getty Retiring early is very difficult, but it can be within reach, especially for diligent savers with low expenses, individuals with a strong pension, and high-earning executives with substantial assets. Figuring out when you can retire
Man walking on high line. Getty I was shocked to find out that the U.S. black homeownership rate isn’t any higher today than when the 1968 Fair Housing Act became law but, somehow, the U.S. black homeownership rate had increased 20% from 1950 to 1970 before housing discrimination was outlawed. That’s a stunning paradox. Here are
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks on a webcast during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 10, 2019. Michael Nagle | Bloomberg | Getty Images Nobody in Silicon Valley should be surprised by Uber’s
Despite the new burst of market volatility, long-time bull Edward Yardeni sees a return to all-time highs this year. And, he believes U.S. multinational companies, which are directly exposed to the trade war, will ultimately help provide the market boost. “I think it moves higher partly because there’s a recognition that even companies that do
Tesla is swerving lower again Friday. Its stock is falling and now down 8% this week after a third fatal crash involving its autopilot function embroiled the electric carmaker in bad press. Those losses added to a 34% slump in 2019, putting it on track to post its worst annual drop ever. Wall Street is
Paul Bradbury | Caiaimage | Getty Images All parents know what it’s like trying to pull off a good family vacation. After planning, traveling, keeping track of luggage and children, and dealing with squabbles and untimely bathroom needs, if you return intact with everyone still mostly on speaking terms, you’re likely to consider it a
Is it time to tariff-proof our dividends (again)? A couple months into the U.S.-China trade tensions, I said the key was to buy dividend-growth stocks: “Payout growth like that is proven to throw an updraft under share prices when the markets get skittish due to any kind of worry: trade spats, terrorist attacks, wars—you name
With the recent news of American Express acquiring Resy, the reservation platform that connects restaurants and diners in 160 cities in 10 countries, the restaurant world continues to evolve. One notable trend sees the old divide between chefs and diners crumbling more than ever. Perhaps it started at the sushi bars, perhaps at kitchen counters
Kit Harington as Jon Snow featured in the Game of Thrones season 6, episode 9 Source: HBO In an era in which binge-watching is the new norm, HBO’s “Game of Thrones” breaks the mold. Instead of releasing new episodes all in one day, the fantasy drama doles them out in weekly installments, just like traditional
A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning that Pinterest makes its initial public offering on April 18, 2019. Spencer Platt | Getty Images Check out the companies making headlines midday Friday: Cray — Shares of Cray surged 19.4% after the supercomputer manufacturer announced
Hero Images | Hero Images | Getty Images Millennials need to invest — and they need to do it now. There are many benefits to investing early and often, but unfortunately too many millennials are sitting on the sidelines because they worry about the risk of suffering a repeat of the Great Recession of 2008.
Pershing Square Capital Management CEO Bill Ackman speaks during an event in New York. Jin Lee | Bloomberg | Getty Images Things are looking pretty good for activist investor Bill Ackman. The net asset value of Pershing Square Holdings, Ackman’s publicly traded vehicle, rose 36.9% in the first quarter of 2019 and remains up more
With 401(k) balances near all-time highs, retirement savers are probably feeling pretty good about themselves these days. The first part of this year saw record contributions, thanks, in part, to a strong stock market, according to Fidelity, the nation’s largest provider of 401(k) plans. Eventually though, savers will have to take distributions from those accounts.
The latest annual report from the Trustees of Medicare and Social Security sparked a lot of discussion, but many of the conclusions people made are wrong. Every year the trustees of Social Security issue a report to Congress and the public on the financial status of the program and its trust funds. You can find
Real estate can be a competitive industry. Depending on the property type and location, bidding wars can quickly get heated and emotional. Because of this, many investors can make some missteps in the bidding process, costing them valuable time, resources and property deals. To help you avoid a similar fate, we asked a group of Forbes Real
Since its founding in 1961, Luxottica has transformed glasses from a necessary medical device to a fashion statement. It owns several popular brands, like Ray-Ban and Oakley, manufactures frames for dozens of luxury fashion houses, owns several eyeglass retail chains, and even operates the vision insurance company EyeMed. Its vertically integrated strategy helped it pull
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