Tim Cook, CEO of Apple Inc. Getty Images Apple stock closed out a year of explosive growth on Tuesday, and another key metric reached a historic high, too. Apple’s trailing price-to-earnings, or P/E, ratio steadily climbed this year alongside its stock price. Apple began the year with a trailing P/E ratio just over 13, according
Month: December 2019
Traders work at the New York Stock Exchange in New York, the United States, on Dec. 13, 2019. Wang Ying | Xinhua News Agency | Getty Images Dow Jones Industrial Average rose 76 points The Dow rose 76.30 points, or 0.27% to end the day at 28,538.44. The S&P 500 was up 0.29% to 3,230.78. The Nasdaq
Swedish climate activist Greta Thunberg at COP 24, the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change. Katowice, Poland on 5 December, 2018. Photo by Beata Zawrzel/NurPhoto via Getty Images Investing for climate change had been a niche on Wall Street, often generating sub-par returns, but in the coming
Trader Peter Tuchman reacts as the final day of trading for the year draws to a close at the New York Stock Exchange (NYSE) in Manhattan, New York, U.S., December 29, 2017. Andrew Kelly | Reuters Here’s what you need to know about Thursday before you hit the door for New Year’s Eve. New year
Just months after almost everyone on Wall Street worried that a recession was just around the corner, Goldman Sachs said a downturn is unlikely over the next several years. In fact, the firm’s economists stopped just short of saying that the U.S. economy is recession-proof. An analysis Goldman conducted of the current potential risks to
A sign displayed on Bruckner Building reads ‘Commercial Space Available’ in the Port Morris neighborhood of the Bronx borough of New York. For a limited time, investors who develop real estate or fund businesses in opportunity zones are able to defer capital gains on profits earned elsewhere and completely eliminate them on new investments in
White House advisor Peter Navarro on Tuesday said the “phase one” trade deal between the U.S. and China is a certainty at this point, telling CNBC that the accord is “in the bank.” Asked by “Squawk Box” host Joe Kernen how sure he is over the hotly anticipated agreement, Navarro was upbeat. “That one’s in
CEO Cussion Kar Shun Pang rings the opening bell at the NYSE. Photo: NYSE Check out the companies making headlines in midday trading: Tencent Music — Shares of Tencent Music rose 1.4% after Universal Music Group sold a 10% stake to a consortium led by the Chinese tech company. The deal values Universal Music at
It’s never too early to resolve to save more for retirement and trim your tax bill. The IRS has made inflation adjustments to a range of key figures, from the amount you can put in a 401(k) retirement plan at work to the individual income tax brackets that help you determine your tax rate. See
Many Americans hold multiple retirement accounts — and there are many reasons why they should consider combining those nest eggs instead of letting them gather dust. Around 25 million Americans left behind money in a 401(k) account when separating from an old job, according to the Government Accountability Office, which analyzed 10 years’ worth of
Stocks are on pace to log their best year of gains since 2013, and if history serves as a guide, the bullish momentum should continue through the next 12 months. Michael Nagle | Bloomberg | Getty Images Stocks surged in 2019, with the S&P 500 jumping about 29%, logging 35 record closes as market sentiment
The 10-year Treasury yield is still poised to have the biggest decline in six years despite a year-end rebound that’s softened the decline. The yield on the benchmark Treasury note has risen about 11 basis points in December to about 1.9%, but it’s still down 78 basis points on the year, on pace for its
White House trade advisor Peter Navarro on Tuesday predicted the Dow Jones Industrial Average will hit “at least” 32,000 in 2020. That would be 12.4% higher than Monday’s close. “I’m looking forward to a great 2020,” Navarro told CNBC’s “Squawk Box.” “Forecast-wise, I’m seeing closer to 3% real GDP growth than 2%. I’m seeing at
As we get ready to say goodbye to the 2010s, CNBC.com is taking a look back at the key players, events and transformations from Wall Street to Silicon Valley to corporate America to the White House that shaped a “Decade of Disruption.” In the lead-up to New Year’s Day 2020, CNBC’s online journalists will be
The Dow Jones Industrial Average has soared to record highs in 2019, climbing about 22% for the year. The following stocks are Wall Street analysts’ favorite picks to lead the benchmark in 2020. CNBC identified these stocks by searching for searching in FactSet for companies in the index with a buy rating from at least
For those considering a career change, the year ahead looks particularly promising. With the unemployment rate at a 50-year low and U.S. companies adding many more jobs than expected, 2020 could be the year to land a new job, according to the Bureau of Labor Statistics. But not just any job will do. Job seekers
Tim Cook, chief executive officer of Apple, Inc. Daniel Acker | Bloomberg | Getty Images 2019 is shaping up to be a historic year for the S&P 500, and the benchmark has two stocks to thank. Apple and Microsoft, which surged 85% and 55% this year respectively, together accounted for nearly 15% of the S&P
Pedestrians walk past a big screen showing images of former Nissan Motor Co. Chairman Carlos Ghosn in a news program on April 4, 2019 in Tokyo, Japan. Ghosn, a veteran of the auto industry, was re-arrested on Thursday for financial misconduct. Takashi Aoyama | Getty Images Ousted Nissan chairman Carlos Ghosn, who was awaiting trial
The amount of mergers and acquisitions in 2020 will trail the previous two years, transactions lawyer Michael Nemeroff told CNBC on Monday. “We still think 2020 will be robust, but not quite as robust as 2019 and 2018,” Nemeroff, the CEO of law firm Vedder Price, said on “Closing Bell.” The value of deals across
The need to adjust the federally mandated base pay is moot thanks to the strength and present dynamics of the U.S. economy, staffing expert Tom Gimbel told CNBC on Monday. “The days of a national minimum wage are really over,” Gimbel, founder and CEO of LaSalle Network, said on “The Exchange.” “That’s why the interesting
Hero Images | Getty Images When the clock strikes midnight on Dec. 31, it will not only usher in a new decade. It will also bring in a host of retirement changes. And that could have big implications for your money. The good news is that you will be able to save even more in
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 9, 2019. Brendan McDermid | Reuters Dow Jones Industrial Average fell 183 points Selling winners Some of the biggest winners of the year, including Microsoft, Visa, Nike, and Procter & Gamble, were all in the red on Monday
What a difference a decade can make. In 2010, batteries powered our phones and computers. By the end of the decade, they are starting to power our cars and houses too. Over the last ten years, a surge in lithium-ion battery production drove down prices to the point that — for the first time in
Traders work on the floor at the New York Stock Exchange, December 9, 2019. Brendan McDermid | Reuters The S&P 500 has risen nearly 30% this year on the back of stocks like Apple and AMD. The following stocks are Wall Street analysts’ picks to lead the benchmark in 2020. CNBC identified these stocks by
Westend61 | Westend61 | Getty Images After more than three years of debate, negotiation and lawsuits, the U.S. Department of Labor’s new mandatory overtime pay rules go into effect Jan. 1. The rule extends overtime pay to an estimated 1.3 million U.S. workers. Under previous rules, workers who earn a salary instead of an hourly
U.S. stock futures were flat on Monday, the penultimate trading day of a record-breaking year for equities. Futures on the Dow Jones Industrial Average climbed about 28 points, indicating a slightly higher open of just 5 points. The S&P 500 and Nasdaq futures were also little changed. U.S. equities have enjoyed a strong rally in
The maze that is Medicare includes some higher costs for 2020 that beneficiaries might want to factor into their health-care budgets. For the program’s 61 million beneficiaries — most of whom are 65 or older — certain costs are adjusted by the government from year to year and can affect premiums, deductibles and other cost-sharing
Mekong River cruises are booming, particularly in Cambodia and Vietnam. In 2020, at least 10 river boats — some quite luxurious — will cruise the lush and navigable lower Mekong. Most resemble the river boats of Europe, staffed with chefs who prepare authentic regional fare and local guides who share cultural histories as well as
A canceled flight, in many of us, inspires frustration and anger. And for billionaire Richard Branson, it’s no different. Only when the British entrepreneur was met with a cancelled flight in the early 80s, it inspired another response, too: A new business idea. Branson — already a successful businessman, having formed Virgin Records some years
A nurse holds up a one dose bottle and a prepared syringe of measles, mumps and rubella virus vaccine made by Merck at the Utah County Health Department on April 29, 2019 in Provo, Utah. George Frey | Getty Images A cabal of doctors are hiding the cure for cancer, berries are more effective than
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