CNBC’s Jim Cramer on Friday said it is a “huge mistake” for President Donald Trump to wage a trade dispute with Mexico in an effort to curb immigration at the border. “It is a mistake to use commerce as a weapon against a government that’s been happy to cooperate with us on trade,” the “Mad
Month: May 2019
Aramark Holdings: “Did not like that last quarter. They’re in the penalty box. We’re gonna skip that one.” California Resources: “Stay away. It’s a fossil fuel company that we don’t like. We’re recommending very few of those.” Medifast: Sell it. “No. Planet Fitness, my friend. “ Annaly Capital Management: “No. All they do is they
Federal Reserve Chairman Jerome Powell holds a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., March 20, 2019. Jonathan Ernst | Reuters Federal Reserve officials speaking at a policy conference may get a lot more attention than usual in the week ahead after President Donald Trump’s latest tariff
Avocado toast and that extra side of guacamole are probably going to get more expensive if President Donald Trump‘s newest trade threat becomes a reality. The United States gets the vast majority of its supply of the popular fruit from Mexico. If Trump’s surprise threat of 5% tariffs on imports from the country is carried
General Joseph Dunford (L), chairman of the US Joint Chiefs of Staff, and Chief of the General Staff of the Chinese People’s Liberation Army General Fang Fenghui shake hands after signing an agreement at the Bayi Building in Beijing on August 15, 2017. Mark Schiefelbein | AFP | Getty Images In the wake of the
KUANTAN (May 31): The shipping back of radioactive waste produced by Lynas Malaysia Sdn Bhd (Lynas), is a pre-condition for the renewal of its operating licence, said Deputy Minister in the Prime Minister’s Department Fuziah Salleh. She said this stand was made by Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin, who
The Internal Revenue Services offices in Washington, D.C. Adam Jeffery | CNBC Call your accountant and bring out last year’s tax return: The Internal Revenue Service has released a draft of its new tax withholding form. The new Form W-4 is expected to be in use for 2020, and is currently open for comments from
Union Pacific cargo train with multiple box cars approaching the camera as it prepares to cross a level railroad crossing near Jamestown, California, December 17, 2017. Smith Collection/Gado | Archive Photos | Getty Images A number of American companies could see their sales decline if trade relations between the United States and Mexico deteriorate as a
As the nation’s heartland endures heavy rainfall, catastrophic flooding and deadly tornadoes, homeowners elsewhere shouldn’t assume they are out of harm’s way. Now is the time to evaluate any risk for potential summer storm damage. The Atlantic hurricane season runs from June 1 through Nov. 30. And although the National Oceanic and Atmospheric Administration predicts
In this photo illustration Levi’s 501 blue jeans by U.S. clothing manufacturer Levi Strauss are seen on March 8, 2018 in Berlin, Germany. U.S. President Donald Trump has promised to sign into law tariffs on imported steel and aluminum today and the European Commission has vowed to retaliate with tariffs on Levi’s jeans, Kentucky bourbon
There’s good news for the many people who are in college and working too: they’re likely to pick up a larger paycheck after graduation than their peers who didn’t work. That’s the finding from a new study published by the Education and Employment Research Center at the Rutgers School of Management and Labor Relations. Students
Mexican one thousand pesos bills are run through a counting machine inside a currency exchange store in Mexico City, Mexico. Susana Gonzalez | Bloomberg | Getty Images The Mexican peso fell more than 3% against the dollar on Friday on news the U.S. could slap tariffs on all Mexican imports next month. President Donald Trump
Workers who get advice on all money matters impacting their lives do a better job saving specifically for retirement, a new report suggests. Among more than 2,400 employees who have had access to ongoing coaching for all aspects of their financial lives, the average retirement-plan contribution rate climbed to 9.4% of pay in 2018 from
The Karlmann King at the 2019 New York Auto Show. Adam Jeffery | CNBC If you’re looking to spend $1.9 million on a new vehicle, an Italian armored car based on a Ford F-550 chassis is probably not on your radar. Karlmann is trying to change that. Reclining alligator skin back seats on the Karlmann
There’s nearly $800 million up for grabs this weekend in the nation’s two largest lotteries. With no ticket matching all winning numbers in Wednesday night’s Powerball drawing, the jackpot has jumped to $350 million. Between that and Mega Millions’ $444 million top prize, a whopping $794 million is waiting for winners in the next two
SAN FRANCISCO, CA – SEPTEMBER 25: Dell CEO Michael Dell delivers a keynote address during the 2013 Oracle Open World conference on September 25, 2013 in San Francisco, California. The week-long Oracle Open World conference runs through September 26. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images Dell Technologies
Costco Wholesale on Thursday reported quarterly profit and revenue that beat Wall Street estimates and said it would tackle the proposed round of tariffs on Chinese imports by sourcing goods from other countries and possible price increases. The warehouse club operator is the latest American retailer to warn of tariff hit, after dollar store chains
KUALA LUMPUR (May 31): Malaysia’s exports in April are likely to have eased for the third successive month, declining at a faster annual pace than in March, a Reuters poll showed on Friday. The median forecast among the 11 economists surveyed was for exports to fall 1% in April from a year earlier, quicker than
U.S. stock index futures were sharply lower Friday morning, as investors feared President Donald Trump’s threat of tariffs on all Mexico imports exacerbated the risk of recession. At around 03:00 a.m. ET, Dow futures slipped 219 points, indicating a negative open of roughly 200 points. Futures on the S&P and Nasdaq were both seen slightly
Uber CEO Dara Khosrowshahi (center) joins other employees in ringing the Opening Bell at the New York Stock Exchange (NYSE) as the ride-hailing company Uber makes its highly anticipated initial public offering (IPO) on May 10, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making
Art Peck, president and chief executive officer of Gap Inc. David Paul Morris | Bloomberg | Getty Images Gap Inc. shares tanked Thursday after the apparel retailer reported quarterly earnings and sales short of Wall Street estimates. Its shares cratered more than 10% in after-hours trading, having closed the day at a fresh low of
Uber reported earnings for its first time since its public market debut earlier this month, reporting revenue at the top end of its preliminary estimates and roughly matching analyst estimates for net losses. The stock barely moved on the news of the report but rose more than 3% during executives’ call with analysts as they
Ferrari SF90 Stradale Source: Ferrari Ferrari just launched Its most powerful street-legal car ever — a 986 horsepower road bullet with three electric motors. The SF90 Stradale marks Ferrari’s first plug-in hybrid that’s not built for the racetrack. It’s powered by a 4.0-liter turbocharged V8 that generates 769 horsepower, but gets another 217 horsepower from
Dan Kitwood | Getty Images When Michael Bloch’s wife graduated from law school with more than $300,000 in student loans, the couple sat down to come up with a plan. After reading blogs and articles, drafting spreadsheets and consulting a financial advisor, they still didn’t have an answer. “We really struggled with what is the
Miners are seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Stringer | Reuters Rare earth minerals are a suite of 17 elements mineable in the earth’s crust, with names such as cerium, europium and lutetium. They are commonly used in everything from car motors and electronics
KUALA LUMPUR (May 30): Persatuan Pemandu Aplikasi Malaysia (PPAM), a non-profit organisation today urged all e-hailing companies to enhance the safety features of drivers following the recent Grab driver murder Mohammad Hanafiee Jaafar in Sabah. Its secretary, Mohamad Nor Hamzah said this includes upgrading the security features of the SOS (emergency) button with continuous monitoring
Gary Vaynerchuk says he “spends very little time looking backward.” That’s because the serial entrepreneur and investor lives his life inspiring millions around the world to work hard, create value, live a better life and find happiness. While Vaynerchuk, whose net worth is estimated at around $160 million, lives by this philosophy every day —
A docker works in front of a container ship at Qingdao Port in Qingdao, Shandong Province of China. ChinaFotoPress | Getty Images Just five components of the Dow Jones Industrial Average were on track for May gains as of Thursday afternoon trading, yet another reflection of the effect the U.S.-China trade war is having on
Interest rate policy is right where it should be considering the current state of the U.S. economy, though that could change if conditions weaken, Federal Reserve Vice Chairman Richard Clarida said Thursday. Clarida gave generally high marks to the U.S. economy and he reiterated the Fed’s broader position that it will base policy on data
As Uber prepares to report its quarterly earnings for the first time as a public company, investors and analysts will be looking for signals to answer one question: Will Uber ever become profitable? The ride-hailing company reports earnings after Thursday’s closing bell. It has already projected a net loss of at least $1 billion for
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