Goldman Sachs is scheduled to report first-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $4.89 a share, down 30% from a year ago, according to Refinitiv.Revenue: $8.9 billion, down 10% from a year earlier.Trading Revenue: Equities $1.81 billion; Fixed income $1.77 billion, according to FactSetInvesting Banking: $1.65 billion It’s only
Citigroup is scheduled to report quarterly results later on Monday. Here’s what Wall Street is expecting from the banking giant: Earnings: $1.80 per share expected by Refinitiv Revenue: $18.634 billion forecast Fixed-income, currencies and commodities (FICC) trading revenue: $3.05 billion expected by StreetAccount Equities trading: $930 million Investment banking revenue: $1.2 billion forecast Net interest
If you ask any Republican member of the U.S. House of Representatives or the U.S. Senate what is the most significant fiscal accomplishment of the Trump presidency, the overwhelming answer would be the Tax Cuts and Jobs Act, or TCJA. When passed in December 2017, the TCJA did not have majority American support. Despite this
Wealth is a crucial tool for middle-class families to handle financial emergencies and to get ahead, for instance, to pay for their children’s education. But heavily concentrated wealth creates a plutocracy that influences policy and hollows out America’s middle class. Wealth has indeed become increasingly concentrated as a new American class of multimillionaires and billionaires
Close up of the fingers of a man dialing out on a land line telephone pressing the number keys on the keypad in a communications concept.Getty Last year, callers reported more negative robocalls on Tax Day than any other day. A whopping 143 million negative robocalls were placed on Tax Day in 2018, according to
When it comes to selling a home, there is no one-size-fits-all solution. Instead, it’s important to weigh all the options available. When listing and selling a property, most homeowners want to achieve the quickest, easiest, most logical and most financially advantageous outcome. That said, it can be challenging to determine which ones are the most
An interview with billionaire Sequoia venture capitalist, Michael Moritz. In this interview, Michael discusses how he went from a journalist to a venture capitalist and what characteristics he looks for in investments and entrepreneurs. Michael also talks about what he would do today if he just graduated and the future of Silicon Valley. ???? Books
A few years ago, Adidas was struggling to find much interest in its TaylorMade golf clubs. After Tiger Woods’ historic Masters win on Sunday, it may want them back. The sportswear giant put the unit up for sale in 2016 to focus on its shoes and clothing, as the golf industry was under pressure. Woods
The best investment opportunities may be thousands of miles away, according to a major Wall Street firm. That is, the upside potential is larger in Europe and Asia than in the United States, Medley Global Advisors’ Ben Emons told CNBC. That assessment is not coming because he sees the American economy barreling toward trouble as
The Game of Thrones final-season premiere is this weekend. But in a larger media sense, it began Thursday. Disney’s announcement this week that Disney+ will launch Nov. 12 for $6.99 per month will set off a battle royal among streaming services. By the end of the year, consumers will have enough streaming content at their
Nothing is certain but death and taxes, Benjamin Franklin famously said. Today, that adage should also include rising health-care costs. As young adults start saving for the future, the ever-growing price tag of health care can throw a wrench into their plans. They should consider using a health savings account – it’s not the right
What should you do when a favorite stock goes the wrong way? Getty Eli Lilly is down 2.8% since Wayne Himelsein, my top quant manager, last recommended it. All investors, even the great ones often find that the market does not quickly come around to their way of thinking after they buy a stock. Developing a consistent
Share to facebook Share to twitter Share to linkedin Kimpton George Hotel lobbyKimpton Hotels & Restaurants Ready to file your tax return? Nobody likes writing a big check on Tax Day, but there is some good news: April 15 also means specials, freebies, and deals. After you pop your return (or your extension) in the mail, kick back and
Philip and Geda Condit’s Mediterranean-style home has an emphasis on indoor-outdoor living. James Butchart for Pacific Sotheby’s International Realty Tucked away in a prestigious private golf community in Palm Desert, California is a Mediterranean-style home that provides a front-row seat to breathtaking scenery. The homeowners — Philip Condit, who was chairman and chief executive of aerospace company
French ad holding company Publicis said Sunday it would pay about $4.4 billion for marketing services company Epsilon to give it a leg up in digital marketing and to help clients better personalize their advertising. The deal with Alliance Data Systems Corporation will entail Publicis acquiring its Epsilon business for a net purchase price of
The House Banking Committee held a hearing on Wednesday to discuss the financial stability of the nation’s biggest banks. It requested the presence of the top CEOs to field questions on their finances. However, virtually no queries were posed on financial stability in a hearing that lasted possibly five hours or more. What emerged instead
One big bank is not like the other. Financial giants J.P. Morgan and Wells Fargo kicked off earnings season on Friday, both issuing better-than-expected results. But while J.P. Morgan’s stock soared nearly 5%, Wells Fargo’s stock slid, ending the day almost 3% lower. Wells Fargo’s weakness came largely from softer profit guidance from CFO John
New legislation that aims to give workers greater opportunities to save for retirement may put the kibosh on a strategy for passing large individual retirement accounts to heirs. Last week, the House Ways and Means Committee passed a bill known as the Secure Act. Among other things, the legislation would require employers with a 401(k)
Share to facebook Share to twitter Share to linkedin Photocredit: ASSOCIATED PRESS The S&P 500 is likely to decline as this week begins so we seek short selling candidates. The S&P gapped up on Friday and is close to a new high. Friday was a projected turning point. I would go with the direction of
Are you not quite ready to file your taxes? Here is how you can file for a tax extension. Getty While I hate to be the bearer of bad news, Tax Day is just around the corner. The Tax Deadline for your 2018 tax filing is April 15th, 2019. However, if you find yourself unable