Greenlight Capital’s David Einhorn said October started out strong but has ended on a sour note: He doesn’t expect to show gains for the month. “The last few days have been very challenging,” the hedge fund manager said on a conference all Tuesday morning. Results for the month aren’t expected to be “materially different from
Month: October 2017
Among the countless situations autonomous cars must master before we see driverless vehicles giving us rides is a seemingly mundane one: Where do you pick up passengers? “Pickups can be one of the most stressful moments for passengers,” said Juliet Rothenberg who oversees rider experience for Waymo, formerly known as the Google self-driving car project.
I read a Nathaniel Popper piece in the NY Times about celebrities endorsing ICOs. It made me want to throw up. Readers know that I have been and continue to be excited about the emerging blockchain/crypto/token opportunity and I believe it represents the next big wave of innovation in the tech sector, upon which many
If you asked most businesses that sponsor a 401(k) plan whether they are obeying their fiduciary duties, they would likely respond in the affirmative. They have a brokerage firm, bank or insurance company that provides a list of options to invest in that includes bonds, hybrid options, stock-based investments, as well as a stable value
It’s important for the self-employed to know the rules. Businesses must report all earned income and expenses. There are cases where businesses claim items that aren’t actually legitimately deductible. “They think that their personal cellphone that they may use for a few business calls, their home internet, their only car which they claim 100 percent
It’s happened to the best of us, no matter what our education. You are at a dinner party or having a conversation in the kitchen at work when you hear someone say, “I just made 100 percent profit buying ABC stock, and this thing is just taking off.” Irrespective of our intellectual quotient, when we
There are an estimated 11.2 million widowed individuals across the nation, according to the U.S. census, most of them women. Those who are affluent often initially face one of two financial challenges: having too little cash or too much. The most common issue in having too little cash is lack of immediate access. Perhaps most
Mastercard on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations. Here’s how the company did compared with what Wall Street expected: EPS: $1.34 vs. $1.23 expected by analysts surveyed by Thomson Reuters. Revenue: $3.4 billion vs. $3.28 billion expected in the Thomson Reuters survey. Share prices rose 1.8 percent in the premarket after
As sports retailers like Under Armour fall under pressure from the brick-and-mortar slowdown, Columbia Sportswear’s President and CEO Tim Boyle told CNBC that his company’s key to success has come from standing out. “Nobody needs another brand of footwear or apparel. Regardless of how impactful our products are, it’s about being different and it’s about
Check out the companies making headlines after the bell: Mondelez International‘s stock climbed nearly 5 percent in the extended session after the company posted higher-than-expected third quarter earnings. Shares of Voyager Therapeutics dropped 12 percent after hours. Sanofi said it would end a collaboration with Voyager to develop a Parkinson’s disease treatment. Shares of Allison
The New Jersey-based costume company suing Kmart for stealing its banana costume has reached a settlement outside the court, said Rasta Imposta CEO Robert Berman. “We’re going to continue selling to Kmart in the future,” Berman told CNBC. Berman declined to provide details of the settlement. For almost a decade, Kmart had purchased Rasta Imposta’s
Yet most people apparently don’t mind the risk. In the 2015-2016 flu season, just 43.3 percent of U.S. adults got the flu vaccine, according to the Centers for Disease Control and Prevention. For those under age 18, the rate was 59 percent. (Click on CDC chart below to enlarge.) At the same time, an estimated
Another handful of tech giants is scheduled to report earnings this week, and if last week was any indication, it could be another blowout. Massive post-earnings moves from Alphabet, Amazon, Intel and Microsoft propelled the Nasdaq to record highs Monday and added a combined market cap of more than $155 billion since the results Thursday
Alexandria Sage | AP Customer employees receive some of the first Model 3 cars off the Fremont factory’s production line during an event at the company’s facilities in Fremont, California, July 28, 2017. Tesla’s disappointing Model 3 production ramp is a troubling sign, according to one Wall Street firm. UBS reaffirmed its sell rating on
This is what reducing the 401(k) plan contribution limit could mean. This is what Congress is calling “tax reform.” There are 54 million American workers participating in about 550,000 401(k) plans, according to the Investment Company Institute. These plans hold more than $5 trillion in assets. This tax reform measure will most likely affect the
Commercial airliners have advanced autopilot systems that fly the plane for most of its time off the ground. But most planes still need a pilot for takeoffs, landings, flying through extreme turbulence and for directing and monitoring the autopilot system throughout the flight. Similarly, shareholder yield-oriented portfolios can be managed with very low turnover because
An online investment platform that allows Chinese investors to access a number of “alternative” U.S. investments officially launched Monday. Financial technology firm MarketX lets upper-middle class and institution Chinese investors to invest in tech firms that have not yet issued shares to the general public. These include such notable names as ride-hailing giant Lyft, music
While Americans love to delve deep into the wealth and success of the rich and famous, personal finances remain — strangely, and on a personal level — a taboo topic for many. People guard their salaries like state secrets, and money problems are, according to many surveys, the No. 1 reason couples argue. That’s because
The consultancy group foresees retail funds, including exchange-traded funds (ETFs), to almost double by 2025 and growing investments in alternative areas, such as real estate and land, private equity and private debt. Asset managers will also be overseeing greater global retirement and pension funds, PwC said. Despite the optimistic future for wealth managers, PWC suggested
Consumers who do this: 14% “We think [a leak sensor] is one of the simplest and low-cost means people can employ to make sure they don’t have a significant water loss,” Gee said. It’s not a minor risk: 1 in 50 homes has a property damage claim related to water damage or freezing each year,
He may be one of Wall Street’s biggest bears, but that doesn’t mean veteran market watcher David Rosenberg isn’t finding places to put money to work. Gluskin Sheff’s chief economist and strategist is just going halfway around the globe to do it. “The one part of the world which looks very good to me right
When it comes to money, millennials are less than confident about the markets. According to Wells Fargo, 20 percent of young people said they will “never” be invested in the markets and 53 percent said they will “never be comfortable investing in the markets.” The findings come from a June survey the bank conducted of
With investors more interested in cyclical stocks that do well when the global economy is growing, CNBC’s Jim Cramer revisited Coca-Cola to check on the beverage maker’s prospects. Shares of Coca-Cola are hovering around their 52-week high, but as money flows out of consumer stocks and into industrial and technology names, the “Mad Money” host
Adalberto Roque | AFP | Getty Images A man walks against heavy winds after the passage of Hurricane Irma, at Caibarien, Villa Clara province, 330km east of Havana, on September 9, 2017. Tropical storm warnings have been issued for western Cuba and northwestern Bahamas, the U.S. National Hurricane Center (NHC) said on Friday, as an
Boston Beer is betting on the humble can to boost sales with the millennial crowd. The New England brewery, maker of Samuel Adams lager and Angry Orchard hard cider, has plans to roll out multiple new beers in the next year, including the SAM ’76 and the Sam Adams New England IPA. It has high
Some tiny stocks are taking a wild ride as traders look for ways to bet on bitcoin’s blockchain technology. Since bitcoin doesn’t trade on a traditional exchange like the Nasdaq, traders have latched onto any stock claiming some connection to the world of digital coins and blockchain. Bitcoin is a highly volatile digital currency that
Investors worried about what will happen to rules around their 401(k) savings will have to wait a bit longer for clarity. President Donald Trump and Congress have tussled this week over what meaningful changes, if any, to these retirement plans should look like. Earlier this week, Trump maintained that rules for contributing to 401(k)s should
Apple fans may be miffed about the supply chain delays hitting the much-anticipated new iPhone X, but Apple investors don’t have much to worry about, according to a Wall Street analyst. “It’s certainly better than the alternative,” meaning lower demand, Andy Hargreaves, an analyst at KeyBanc, told CNBC’s Power Lunch on Friday. Pre-orders for Apple’s
Home ownership remains elusive for many Americans a decade after the collapse of the real estate market sent the U.S. economy into a tailspin. More than one-third of Americans ages 18 to 34 said they are likely to opt out of home ownership over the next decade, according to an annual survey conducted by the
The Halloween fears adapt to the events around us. After the 9/11 terrorist attacks, for example, Best uncovered unverified reports of kids getting cupcakes with jihadist messages. With marijuana candy, the underlying concerns may be genuine fears about pot-laced edibles. As Best put it, “If you have marijuana-laced gummy bears out there, why not worry
- 1
- 2
- 3
- 4
- Next Page »