Ada Calhoun, who’s written about the financial struggles of middle-aged women today Gilbert King The summer of 2017 was a difficult one for Ada Calhoun. The 41-year old freelance writer watched a bunch of her projects fall through. She racked up $20,000 in credit card debt, and had next to no savings behind her. Childcare
Finance
A Columbia Sportswear Company sign hangs in front of their store at the Woodbury Common Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening
A man rides a bike though an almost empty Nanjing Road, usually a busy commercial street, in Shanghai, China, on Wednesday, Jan. 29, 2020. Qilai Shen | Bloomberg | Getty Images BEIJING — The Chinese government is beginning to pour out billions to help those affected by the new coronavirus, and analysts expect more support
Traders work on the floor of the New York Stock Exchange (NYSE) on January 10, 2020 in New York City. Kena Betancur | Getty Images The stock sell-off deepened on the last day of January on concerns that the deadly coronavirus will disrupt the global economy and in the process, ruining an old market indicator
Shares of Caterpillar fell on Friday after reporting a revenue miss in the fourth quarter, citing “global economic uncertainty.” Industrial giant’s quarterly earnings came in at $2.63 per share adjusted, compared to an estimate of $2.37 per Refinitiv. However, its revenue fell 8% year-over year to $13.144 billion, below the estimate of $13.412 billion. CEO and
Jeff Bezos, founder of Amazon Katherine Taylor | Reuters Check out the companies making headlines after the bell: Amazon – The e-commerce giant’s stock surged more than 10% in extended trading after the company reported better-than-expected results for the fourth quarter. Amazon reported earnings of $6.47 per share on revenue of $87.44 billion, while analysts
An employee assembles an excavator at the Caterpillar Inc. manufacturing facility in Victoria, Texas. Callaghan O’Hare | Bloomberg | Getty Images Here are the most important things to know about Friday before you hit the door. 1. Caterpillar earnings Industrial giant Caterpillar is set to report quarterly earnings before the bell Friday. Investors will look
Mark Carney, the outgoing Governor of the Bank of England. Matt Dunham | WPA Pool | Getty Images The Bank of England (BOE) on Thursday held interest rates following Governor Mark Carney’s final monetary policy meeting. Sterling jumped 0.3% against the dollar to trade at around $1.3060 after the central bank’s Monetary Policy Commitee (MPC)
The Facebook logo is displayed during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell: Facebook – The social media giant’s shares plummeted 7% in extended trading on Wednesday after the company showed a 51% rise in
(This is a live blog. Check back for updates.) Federal Reserve Board Chairman Jerome Powell holds a news conference on October 30, 2019 in Washington, DC. Eric Baradat | AFP | Getty Images 2:01 pm: Interest rates unchanged, but Fed ups interest paid on excess reserves Though the Fed kept its benchmark rate steady, it
Harley-Davidson motorcycles are offered for sale at a Harley-Davidson dealership. Getty Images Check out the companies making headlines in midday trading. 3M — Shares of 3M fell 5% after the conglomerate missed Wall Street expectations on the top and bottom lines for its fourth-quarter results. 3M reported $1.95 in adjusted earnings per share and $8.111 billion
Customers look at Apple’s new iPhone 11 series smartphones at an Apple retail store at the IFC Mall in Pudong New Area, Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Take a look at the companies making headlines after the bell. Apple – Apple stock rose 2.5% after it reported strong fourth-quarter
A trader works on the floor of the New York Stock Exchange. Getty Images Investor anxiety over the coronavirus led to the Dow Jones Industrial Average’s longest losing streak since August, and the market may have more to lose, going by past epidemics. Looking back 20 years, previous epidemics from SARS in 2003 to the
An employee works on a Whirlpool washing machine at the company’s operations plant in Clyde, Ohio. Daniel Acker | Bloomberg | Getty Images Take a look at the companies making headlines after the bell. Whirlpool Corporation – Whirlpool stock briefly rose in extended trading on Monday before returning to the closing price of $148.23 after
U.S. Treasury yields are sliding, and that could negatively impact financial institutions, CNBC’s Jim Cramer said Monday. “Worries about a worldwide slowdown mean people will buy [U.S.] Treasurys, and when people buy Treasurys, interest rates go down,” the “Mad Money” host said. “Lower long-term rates translate to lower earnings for the banks, which is why
The logo of German direct bank N26 displayed on a smartphone. Felix Zahn | Photothek via Getty Images German mobile bank N26 has attracted 250,000 users in the United States, where it claims new customers are shifting funds from established giants like Chase Bank and Citibank. The financial technology company, which is backed by controversial
Long-time market bull Art Hogan is on pullback alert. With the busiest period of earnings season kicking off this week, the National Securities chief market strategist warns conditions are ripe for a significant move lower. “Stocks are relatively priced for perfection, and you tend to have a bit of an overreaction to bad news or
Visa Inc. credit and debit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, April 22, 2019. Andrew Harrer | Bloomberg | Getty Images Financial technology start-up Currencycloud, which powers cross-border payments for a number of popular finance apps, has raised $80 million in a funding round backed by Visa. Based in
Sean Connery, as James Bond. Bettmann | Getty Images There is now significant and potentially irreversible inequality in the world of media. If you’re looking for an equalizing force, don’t bet on it happening in 2020. Two major shifts in the past year have made scale — the concept of being as big as possible
A Chinese passenger that just arrived on the last bullet train from Wuhan to Beijing is checked for a fever by a health worker at a Beijing railway station on January 23, 2020 in Beijing, China. Kevin Frayer | Getty Images BEIJING — Preliminary data show the scale at which the coronavirus outbreak is affecting