Health-care stocks are underperforming the market this year because some investors are overreacting to political “slogans” from Democratic presidential hopefuls, former Aetna Chairman and CEO Ronald Williams told CNBC Tuesday. Health care is the worst-performing sector in the S&P 500 this year as Sen. Bernie Sanders and other 2020 contenders push “Medicare for All,” a plan
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Check out the companies making headlines before the bell: Allergan — Allergan beat estimates by 24 cents a share, with adjusted quarterly profit of $3.79 per share. Revenue also exceeded Wall Street forecasts, helped by sales growth for existing products like Botox and Juviderm. The company also raised its full-year forecast amid what it calls
Image Source | Getty Images Nobody likes writing a check every month. The joy of that new car quickly gives way to monthly misery — especially when the size of the check is sometimes equivalent to the size of a mortgage payment. Americans are carrying an increasing amount of auto debt, according to the Federal
Elon Musk, co-founder and chief executive officer of Tesla Inc., speaks during an unveiling event for the Tesla Model Y crossover electric vehicle in Hawthorne, California, U.S., on Friday, March 15, 2019. Patrick T. Fallon | Bloomberg | Getty Images Tesla‘s recent move to raise cash may quiet down some bears, but CEO Elon Musk’s
Venture capital flow into Florida companies is rising. Some of the factors driving the trend are the rise in immigration and the shift to more gig-oriented work. Scott B. Smith Photography | Getty Images Miami has vaulted to the No. 1 spot for starting a small business in the U.S., according to Biz2Credit’s annual rankings
Logistics Supply Chain https://www.mitsde.com/PGDInSupplyChainMng One of the less often thought about components of the digital and retail revolution is how exactly customers and businesses will receive products. Amazon has set the new standard and many consumers expect to receive products ordered online within 48 hours. Other big players such as Target and Walmart are now
Share to facebook Share to twitter Share to linkedin Copyright Jim Sinur Jim Sinur There are those that think that data is the oil of AI and the focus should be clean data, data science and deep understanding of what the data means. There are those that say data is meaningless without context that can
The White Walkers weren’t the only undead threat Americans should be concerned about. JONATHAN NACKSTRAND/AFP/Getty Images Millions of Americans watched the 70th episode of HBO’s Game of Thrones last Sunday to see who would win the ultimate battle between the people of Westeros and the undead army of the White Walkers. But there is another
This chip dip could be your chance to buy. The VanEck Vectors Semiconductor ETF and the iShares PHLX Semiconductor ETF, two of the top exchange-traded funds tracking chipmakers, both lost more than 2% in intraday trading Monday following a hiccup in U.S.-China trade negotiations. The market-cap-weighted ETFs, both of which count Qualcomm and Intel among
Jeffrey Gundlach speaking at the 24th Annual Sohn Investment Conference in New York on May 6, 2019. Adam Jeffery | CNBC Jeffrey Gundlach is not shy when it comes to ridiculing the Democratic presidential hopefuls. The so-called bond king and DoubleLine Capital CEO first fired shots at former Vice President Joe Biden, who last month
The London Metal Exchange is targeting Asian retail investors amid interest in the region, its CEO, Matthew Chamberlain, told CNBC on Tuesday. The Hong Kong Futures Exchange (HKEX), which bought the LME in 2012, will be launching dollar-denominated mini contracts for six base metals in the coming months. The standardized monthly futures contracts will reference
Before Akbar Gbajabiamila became a pro football player and co-host of NBC’s “American Ninja Warrior,” he was a kid growing up in South Central Los Angeles with six siblings and immigrant parents. During that time, he formed ideas about money that he still carries with him today. “I had a counselor once tell me that
The majority of employers believe their retirement plans are beneficial for the work environment. Approximately 89 percent of companies currently offering a 401(k) or a similar DC plan state that a retirement plan attracts and retains talent. Company 401(k) plans are vital to an employee’s engagement, well-being and recognized worth. Below are five actionable ways that
Mother’s Day is coming up on Sunday and her favorite café is sure to be busier than it’s ever been. (If you haven’t made a reservation yet, breakfast in bed may be the way to go this year.) Either way, a meal alone won’t cut it, so consider a gift that lasts longer than brunch,
Access and growth concept photo credit: GettyI often describe retirement income planning like trying to hit a moving target in the wind. Our target is our goals – what we want to accomplish in retirement. The target moves because we don’t know how long we’ll be in retirement. And the wind represents the changing factors
In an email to its customers, uBiome, a start-up that sells health tests, said on Monday that it is suspending clinical operations for its health tests, including SmartGut and SmartJane. The company noted that it would continue to sell its direct-to-consumer product, Explorer. Any recent SmartGut or SmartJane tests will be cancelled, and payments for
Elon Musk, chief executive officer of Tesla Inc., speaks during an event at the site of the company’s manufacturing facility in Shanghai, China, on Monday, Jan. 7, 2019. Qilai Shen | Bloomberg | Getty Images Tesla is raising $2.7 billion in fresh capital but that is only “a 12-month bridge,” as Elon Musk’s electric vehicle company
Ethan Brown, founder and CEO of Beyond Meat, attends his company’s IPO at the Nasdaq Market site in New York, May 2, 2019. Brendan McDermid | Reuters After exiting Beyond Meat, Tyson Foods said that it would roll out its own plant-based meat substitutes beginning this summer. The Jimmy Dean owner sold its stake in
Sam Edwards | Caiaimage | Getty Images After more than a decade of declines in heart failure-related deaths in the United States, more Americans are now dying from the condition as the obesity and diabetes epidemics rage on, according to a new study by Northwestern Medicine. The increase in heart failure deaths was especially high
Picture of a cup of coffee at a Luckin Coffee location. Fred Dufour | AFP | Getty Images Luckin Coffee, the Chinese challenger to Starbucks, is looking to raise up to $586.5 million, its filing with the U.S. Securities and Exchange on Monday showed. The company said it expects to offer 34.5 million American depository