Denis Doyle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Qualcomm dropped as much as 5% in extended trading Wednesday despite the semiconductor company’s better-than-expected second-quarter earnings. Qualcomm reported earnings per share of 77 cents on revenue of $4.98 billion. Wall Street expected earnings per share of
admin
Pedestrians pass in front of a CVS location in New York. Scott Mlyn | CNBC CVS Health on Wednesday crushed first-quarter expectations and raised its full-year forecast as the company’s newly acquired health insurance business boosted results and its pharmacies filled more expensive prescription drugs. Its stock price jumped 5.7% in premarket trading. Here’s what
Grant Taylor | Getty Images You’ve probably heard the saying “Birds of a feather flock together.” But you probably never thought that could apply to the mutual fund you’re invested in due to political bias. Yet that is exactly what research from Dr. Yaoyi Xi, assistant professor of finance at San Diego State University’s Fowler
Apple rallied nearly 5% on Wednesday, but CNBC’s Jim Cramer said there could soon be even more upside. “That’s why I always say own it, don’t trade it,” the “Mad Money” host said. “With this quarter, we got yet another reason to stick with Apple, and even after today’s terrific run, I think it will
Just before Easter, and (ahem) while some of us were travelling, the Brookings Institute hosted a panel on the topic, “Can retirement plans provide safe income?” for which the video and transcript are both available. The sessions featured economist Richard Thaler, known for his concept of the “nudge” and behavior economics, for which he was
Today’s real estate consumers expect lightning-fast responses, and in my experience providing that as an agent can mean more conversions, more sales and most importantly, stronger long-term customer relationships. Texting can offer busy agents and real estate pros a quick and easy way to provide these immediate responses, without taking up too much time or
Increased tariffs designed to protect the U.S. steel industry are starting to have international repercussions in unexpected places with Malaysia launching an anti-dumping investigation into steel imported from Turkey, a country hit hard by the changed U.S. import rules. What’s upset Malaysia’s steel industry is a flood of cheap steel from Turkey that used to
Facebook CEO Mark Zuckerberg makes his keynote speech during Facebook Inc’s annual F8 developers conference in San Jose, California, U.S., April 30, 2019. Stephen Lam | Reuters Facebook CEO Mark Zuckerberg is excited about payments and private commerce. “When I think about all the different ways that people interact privately, I think payments is one
Oliver Rossi | Corbis | Getty Images Maybe you won’t hit an actual million in retirement savings. But if you change your strategies now, it’s definitely possible to double or triple the size of your retirement account. It all depends on how much you learn and how much you invest. You can take 100 people
The CVS Health logo appears above a trading post on the floor of the New York Stock Exchange. Richard Drew | AP Check out the companies making headlines midday Wednesday: Apple — Apple surged 7% after the release of its fiscal second-quarter results. Apple reported earnings of per share of $2.46, 10 cents above a
Greg Creed, CEO, Yum Brands Scott Mlyn | CNBC Yum Brands on Wednesday reported quarterly earnings that beat analysts’ expectations. Shares of the company were up less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share:
This is a comparison of Wednesday’s FOMC statement with the one issued after the Fed’s previous policy-making meeting on March 20. Text removed from the March statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears
M_a_y_a | E+ | Getty Images Brides and grooms aren’t the only ones racking up wedding debt. Their guests are turning out their pockets for bachelorette parties and more. Couples who got hitched in 2018 coughed up an average of $33,931 to make their special day a memorable one, according to TheKnot.com. Though newlyweds feel
Tom Grill | Getty Images Eva Dion’s 62nd birthday meant one thing to her husband, Jim. It was time for her to collect Social Security. “I’m from the old school,” Jim, 74, said. “Grab the money while you can.” Yet before Eva made her decision, she mulled it over with her financial advisor, Carolyn McClanahan,
Inflation: a sustained increase in the general level of prices for goods and services. In more lay terms, it means as time goes on and inflation goes up, your buying power becomes less and less with the same amount of money. Remember in the mid-90s when $1 million dollars seemed like you were ready to
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses whether marrying will cause Social Security benefits to end, how much income is exempt under the earnings test if you reach FRA this year, potential effects of suspending, which
Private equity managers happily ride a flying carpet created from money investors pay them for doing nothing. Getty Private equity managers charge fees on committed, uninvested capital because they can. What’s better than getting paid 1% to manage people’s money? Answer: Getting paid 2% to not manage it—for doing nothing. In certain niches of the
Apple sales technicians confer in front of Apple product advertisements in the World Trade Center in New York City. Robert Nickelsberg | Getty Images Apple will report earnings for its March quarter Tuesday after the bell. Apple stock has been on a tear. Shares are up 44% since January 3, adding over $290 billion to
Editor’s Note: Updates have been made throughout this story to correctly report that Amazon is not shutting down Souq. Rather, the brand is still available in Saudi Arabia and Egypt. Amazon launched a new Middle East marketplace on Tuesday, two years after buying the Dubai-based e-commerce company Souq.com for $580 million. With the launch, Amazon said
One of the biggest misunderstandings about investing is the role that volatility plays in your portfolio. Too much volatility, and you’re likely to panic and make disastrous decisions during the market’s roughest environments. Not enough volatility and you’re probably not taking enough risk to earn the returns you’ll need for later. It’s counterintuitive to think