Adobe’s upcoming earnings report could be a moment for traders to cash in. The options market is implying about a 4% move in either direction for shares of the cloud giant after it issues fiscal second-quarter results, Dan Nathan, co-founder and editor of RiskReversal.com, said Monday. “That’s in line with the average over the last
Traders work the floor at the NYSE in New York. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of Adobe jumped nearly 3% during extended trading after the technology company reported $1.83 in adjusted earnings per share on $2.74 billion in revenue for the second quarter. Those figures topped
Facebook announced its cryptocurrency, called Libra. Chesnot | Getty Images News | Getty Images The cryptocurrency industry cannot get enough of Libra, touting its ability to gain mainstream adoption which bitcoin strived to do for years. “Libra is potentially one of the most positive external tailwinds in Bitcoin in its 10-year history,” said Spencer Bogart,
Thomas M. Barwick | Getty Images Financial advisors have another “best interest” rule around the corner: This regulation applies to life insurance and annuity recommendations. New York is rolling out a regulation that will require financial advisors to place their clients’ interests above their own when they’re making recommendations around proposed or in-force insurance contracts.
Jamie Grill | Getty Images As the calendar crosses the mid-year mark, are you on track to reach your retirement savings goals? The IRS has raised the limits for what you can put away in pre-tax retirement savings account this year. That means you can sock away as much as $19,000 in your 401(k), 403(b),
Little red sailboat cruising among floating icebergs in Disko Bay glacier during midnight sun season of polar summer. Ilulissat, Greenland. © Adobe Stock As the heat wave that struck the southeastern United States made its way up to Greenland, the ice-covered island recorded over 2 billion tons of ice melt in just one day. Greenland,
Bathrooms don’t look like this anymore for a reason. Getty Have you seen a new bathroom built with glass bricks in the past decade? Probably not. That’s because although glass brick bathrooms were trendy thirty years ago, at some point, interior design professionals made an unofficial collective decision that they looked hideous. The same will
Charities feared that the 2017 tax law would lead to a drop in charitable giving by individuals. The chief reason: the doubling of the standard deduction (to $24,000 for married couples filing jointly) would mean it wouldn’t pay for many to itemize on their 2018 tax returns, and without a charitable contribution deduction, they’d be
An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. Lindsey Wasson | Reuters Boeing shares climbed on Tuesday after the manufacturer of the 737 Max jets said British Airways’ parent company placed the first order for the beleaguered planes since their
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 30, 2019. Brendan McDermid | Reuters Investors seem to think if there’s a rate cut by the Federal Reserve, stocks will automatically rally. That may not be the case. That’s the message from UBS ahead of the Fed’s
Donald Gruener | iStock | Getty Images Americans gave less to charity in 2018 than a year earlier, following changes in the tax law and fourth-quarter declines in the stock market, according to a new report. Charitable giving by individuals America fell 1.1% to $292 billion in 2018 compared with 2017, according to Giving USA.
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a press conference following the Federal Open Market Committee meeting in Washington, D.C., May 1, 2019. Anna Moneymaker | Bloomberg | Getty Images It’s rare that I feel that both the Federal Reserve and Wall Street are wrong, but I do now. In a business
manusapon kasosod | Moment | Getty Images As Generation X and millennials inherit their baby boomer parents’ assets amid the so-called Great Wealth Transfer, some will look to invest it in rental property to generate income. This property might be a duplex, an apartment building or, depending on the location, a single-family house that could
Tomoji Hirakata | Getty Images People don’t necessarily donate to charity because of tax benefit. At the same time, without it, they are likely to give less. After years of strong growth, total charitable giving rose just 0.7% in 2018, according to a new report on philanthropy by Giving USA. When adjusted for inflation, total
Mark Zuckerberg is about to become the head of a very big bank based in Switzerland. Libra is Facebooks’ new cryptocurrency. Imagine sitting in a room thinking about what else you can sell to your 2.4bn people (including some bots) backed by a $1bn in guarantees from companies as wide as Paypal, Mastercard and Uber.
Potato Island is one of the most stunning islands of Long Island Sound’s celebrated Thimble Islands. Christie’s International Real Estate If you’re looking for something more than a house in the suburbs with a white picket fence, there’s always an island to consider. Private islands can bring to mind faraway regions such as the Mediterranean
Gay Marriage is Now Legal in the US. Which Means LGBT Couples can now benefit from the Spousal IRA. (Photo by Chris Hyde/Getty Images) Getty It has come to my attention that many people have no idea what a Spousal IRA is, and who should be using one. Lack of specific retirement planning knowledge appears
U.S. stock index futures were mixed Tuesday morning, as market participants braced for the first day of the Federal Reserve‘s interest rate meeting. At around 02:00 a.m. ET, Dow futures dipped 25 points, indicating a negative open of more than 15 points. Futures on the S&P and Nasdaq were seen pointing in opposite directions. Market focus is largely attuned
Christian Kober | Getty Images There are signs that ongoing trade tensions are putting some pressure on China‘s job market — despite Beijing’s efforts to emphasize the negative impact of tariffs on the U.S. According to China’s top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.
Beyond Meat CEO Ethan Brown (C) celebrates with guests after ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Drew Angerer | Getty Images The red-hot market for new public companies in 2019 like Beyond Meat and Chewy could spell bad news for the broader stock market in the year