Stitch Fix‘s active client base grew 18% year over year, reaching 3.2 million people, the online styling service said when it reported earnings after the bell on Tuesday. That’s about in-line with the 3.23 million analysts were expecting, according to FactSet. This number tracks the total number of users who’ve received a box of clothing
The Federal Reserve will likely cut interest rates again this year, but the move won’t have much of an impact on the U.S. economy, closely followed economist Mohamed El-Erian told CNBC on Wednesday. “I suspect they will cut because the risk of not doing so is high, but we shouldn’t expect that to materially change
Elizabeth Holmes leaves a federal courthouse in San Jose. Meghan Mariani Defense attorneys for former Theranos CEO Elizabeth Holmes and Sunny “Ramesh” Balwani criticized prosecutors Wednesday for stalling to turn over what they call key documents that would clear their clients. “The evidence produced so far confirms our belief that certain documents directly contradict allegations
Pedestrians walk outside an E*Trade Financial office in New York. Daniel Acker | Bloomberg | Getty Images Retail brokerage firm E-Trade announced Wednesday it will drop commission fees on online U.S. stock, ETF and options trades. The move comes within a week of Interactive Brokers, Charles Schwab and TD Ameritrade all dropping their commission fees.
Sean Murphy | Stone | Getty Images If you’re taking a hefty check from your 401(k) plan as you leave your employer, you might be making a big mistake. Just over 9 out of 10 employers give their employees multiple options to take a distribution from their retirement plan, according to a new survey from
Share to facebook Share to twitter Share to linkedin Historical data shows October isn’t always a bad month. AFP/Getty Images Topline: The stock market’s rough beginning to the month has some investors recalling other awful Octobers in the past—but history suggests there may not be a reason to panic yet. October is known for huge
In a strong market it’s possible to sell almost anything. Great properties are snapped up quickly in bidding wars. Less than perfect properties can move fairly easily when there’s high demand too. When the market is strong you’re closing deals nearly every day, and life is great! But when there’s a shift, all of this
Where are we to turn for high, safe dividends these days? Certainly not 10-Year Treasuries, unless you think you can scrape by on their 1.7% yields. I’ll save you the calculation: you can’t, because that yield matches the inflation rate to the decimal point. Your “true” income? $0. The S&P 500 isn’t much better: for
Boeing 737 Next Generation Source: Boeing The Federal Aviation Administration is ordering airlines that fly some older Boeing 737 jets to inspect them for “structural cracks,” the agency said Wednesday. The order comes after cracks were discovered on some aircraft in China and further inspections found other cracks, the FAA said. The order does not affect
New homes for sale by Lennar home builders. Getty Images Lennar reported a better-than-expected profit on Wednesday, as cheaper mortgage rates led to higher demand for its homes. The No. 2 U.S. homebuilder’s shares rose more than 2% before the opening bell. The company said its orders, a key indicator of future revenue, rose 8.5%
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Qudian. Tim Seymour was a buyer of Disney. Karen Finerman was a seller of iShares iBoxx $ High Yield Corporate Bond ETF. Dan Nathan was a seller of VanEck Vectors Semiconductor ETF. Disclosure Trader disclosure: Pete is long calls
CNBC’s Jim Cramer believes Wall Street should be much more afraid of Bernie Sanders in the White House of than of Elizabeth Warren. Vermont Sen. Sanders, who describes himself as a Democratic socialist, wants to “make people who are billionaires lower than billionaires,” Cramer said on “Squawk on the Street” on Wednesday. Sanders is “basically
Laura Oldanie, 49, would like to see more investing strategies in companies that look to regenerate the planet. Source: Laura Oldanie Investing in equities is investing in ownership. Whether it’s individual stocks or a group of companies within a fund, you are putting your money into actual businesses. However, you may not believe in the
Carmen Perez, 32, paid off $57,000 of debt and quit her job to become a computer programmer. Winifred Lao Carmen Perez, recently quit her six-figure job in the financial services industry in order to pursue her dream of becoming a computer programmer. As recently as two years ago, the thought of leaving a high-paying job
I work with many types of real estate investors — people who want to buy their first investment properties, investors who want to grow their property portfolios and first-time homebuyers who realize that even their homes are investments in their financial futures. My conversations with these investors have revealed the following as eight of the
Traders eligible for “trader tax status” (TTS) deduct business expenses, startup costs, and home office deductions. A TTS trader may elect Section 475 for exemption from wash sale loss adjustments (deferrals), the $3,000 capital loss limitation, and to be eligible for a 20% qualified business income (QBI) deduction. Trading income is not self-employment income, so TTS
European stocks are set to open slightly lower Wednesday morning, after unexpectedly weak U.S. manufacturing activity stoked worries over the world’s largest economy. The FTSE 100 is seen 30 points lower at 7,330, the CAC is expected to open little changed from the previous session at 5,598, while the DAX is poised to start 7
Dow Jones Industrial Average drops 343 points The Dow dropped 343.79 points, or 1.27% to 26,573.04. The S&P 500 slid 1.23% to close at 2.940.25. The Nasdaq Composite fell 1.13% to 7,908.68 The sharp decline came after disappointing manufacturing data spooked investors. ISM manufacturing dents stocks to start off first quarter Stocks fell after the
Trump International Hotel & Tower New York building is seen from the balcony of an apartment unit in the AvalonBay Communities Inc. Park Loggia condominium at 15 West 61 Street in New York, May 15, 2019. Mark Abramson | Bloomberg | Getty Images Prices for Manhattan real estate took their biggest plunge since the 2008
Technology companies, which face some of the biggest tariff impacts, have been slashing expectations for third-quarter earnings at a record pace. With the kickoff to the heart of earnings season still about two weeks away, some 29 information technology sector companies have lowered their guidance, which is the biggest number since FactSet starting tracking the