Citi’s Christopher Danley told clients in a note that results are expected to be in-line with guidance but he sees downside to 2019 and 2020 estimates “due to the DRAM Crash,” a reference to the drop in price for memory chips. He also said earnings per share are expected to drop in the second half
Credit card rates are already at a record high of 17.85 percent, on average, according to Bankrate. Most credit cards have a variable rate, which means there’s a direct connection to the Fed’s benchmark rate. As the federal funds rate rises, so does the prime rate, and credit card rates follow suit. Cardholders would see
Sean Gallup | Getty Images 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. Blue jeans giant Levi Strauss & Co.’s Thursday initial public offering is more than 10 times oversubscribed, three sources familiar tell CNBC. The world’s largest jeans seller
Retirees need to become empowered consumers to get the most out of their dental care. Here’s where to begin, according to McClanahan. Understand your coverage: Whether it’s offered to you through a retiree health plan or as an add-on to your Medicare Advantage plan, get a solid understanding of your deductibles, applicable copayments and coinsurance.
Spencer Platt | Getty Images Traders work on the floor of the New York Stock Exchange Friday morning on Feb. 9, 2018 in New York City. Check out the companies making headlines midday Wednesday: FedEx — Shares of FedEx dropped 5.14 percent after the company reported lower-than-expected third-quarter earnings and reduced its earnings outlook for
Luke Sharrett | Bloomberg | Getty Images Customers shop near a display of General Mills Cheerios cereal at a Costco Wholesale store in Louisville, Kentucky. Shares of General Mills jumped 3.5 percent Wednesday after the food company’s earnings report showed that cost-cutting initiatives and price hikes have paid off for its profits. “We had a
Shares in Inmarsat Plc jumped 17 percent on Wednesday after the British satellite operator said it was in talks about a $3.3 billion cash offer from a private equity-led consortium, opening up the possibility of a bidding war. The consortium, which initially included UK-based Apax Partners, U.S.-based Warburg Pincus and Canada Pension Plan Investment Board
Chesnot | Getty Images The logos of QQ Music, Kugou and Kuwo are seen on the screen of an iPhone on June 12, 2018 in Paris, France. QQ Music, Kugou and Kuwo are the three streaming Chinese music services owned by Tencent. Tencent Music has been profitable at an operating level for the last two
As China’s technology companies have become some of the largest in the world, they’re influencing the investing habits of their employees and customers, and spurring a new business of online stock trading. Real estate remains by far the hottest investment in China, but young people are increasingly turning to new smartphone apps to trade stocks.
Dimas Ardian | Bloomberg | Getty Images A Lion Air Boeing Co. 737 Max 8 aircraft, right, stands on the tarmac at Soekarno-Hatta International Airport in Cenkareng, Indonesia, on Tuesday, March 12, 2019. One day before the deadly crash of a Lion Air plane on Oct. 29 last year, pilots flying that Boeing 737 Max
Ulta Beauty CEO Mary Dillon is showing how retail can work and is “crushing” the competition along the way, CNBC’s Jim Cramer said Tuesday. The cosmetics company reported a great quarter last week, including more than 9 percent same-store sales growth and a 14 percent subscriber growth in its rewards program, he said. Ulta Beauty’s
Bair is a big proponent of changing the student loan system — and she has plan she thinks could solve the problem. There is now $1.5 trillion in outstanding student loan debt in the U.S. The main issue is the way the current loans are structured, she said. For one, it isn’t known what the
One Wall Street firm is recommending its clients buy Lyft weeks before that’s even possible. The second-most popular ride-hailing app is gearing up to list on the Nasdaq at the end of March. According to its regulatory filing, Lyft expects to be valued at $20 billion. Montana- based firm D.A. Davidson isn’t waiting until shares,
Advanced Micro Devices spiked nearly 11 percent Tuesday after Google confirmed the firm won a deal for its game streaming platform. Google unveiled the platform in an event Tuesday, where it shared its plans for a new gaming service called Stadia. AMD will power Stadia’s graphics rendering in the cloud, Google announced at the event,
Passive investing has now taken over nearly half the stock market as more investors shun stock-pickers and flock to index funds. Market share for passively managed funds has risen to 45 percent, up a full point from June 2018, according to data this week from Bank of America Merrill Lynch. That continues a trend over
On average, women should have 11.6 times their last annual salary saved by age 67 in order to retire, according to Aon’s analysis. However, based on current savings rates, they’ll only have an average of about 7.6 times their salary saved by that age. They’ll face a steep shortfall. In order to beat that hurdle,
Spencer Platt | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) on the last day of the trading year on December 31, 2018 in New York City. Check out the companies making headlines midday Tuesday: Deutsche Bank — Deutsche Bank shares dipped 2 percent a day after rallying on
Paul Archuleta | FilmMagic | Getty Images Actress Lori Loughlin (C) and her daughters Isabella Rose (L) and Olivia Jade Giannulli (R) attend the Hallmark Channel And Hallmark Movies And Mysteries 2017 Summer TCA Tour at on July 27, 2017 in Beverly Hills, California. “USC has placed holds on the accounts of students who may
Everyone’s got money goals. We want houses, vacations, healthy bank accounts — the things that make life worth living. You probably know people with great salaries who have all these things. But don’t let your smaller salary or lack of knowledge stand in your way. You can have them, too. It just takes learning some
Although the costs vary widely across the country, takeout and food delivery alone amounted to more than $2,000 a year, on average, the personal finance site said, while buying coffee on the go added up to more than $700 annually. New clothing and accessories accounted for roughly $750. Ride shares, such as Uber and Lyft,
If you are looking for a way to lower your taxes and have already worked your way through well-known deductions such as child-care expenses and property taxes, it may pay to think outside the box. There are some write-offs you may not have known about, and those could apply to your situation. That could come
In the search for fixed income, financial advisors are looking beyond bonds to alternatives — from the commonplace to the more arcane. Some view certificates of deposit as an alternative to individual bonds in the current environment. “If I don’t want to outguess the direction of rates, the CD option gives me a very low
Long-time bull Julian Emanuel names one major factor standing in the way of new market highs: Brexit. But according to Emanuel, it’s a temporary roadblock and a resolution is coming. “We really need to see is a little bit more clarity on Brexit, and most importantly, that feed-through to European interest rates,” BTIG’s chief equity
Andrew Harrer | Bloomberg | Getty Images Jeff Bezos, founder and chief executive officer of Amazon.com Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S., on Thursday, Sept. 13, 2018. The Wall Street Journal reports that the National Enquirer’s publisher paid $200,000 to obtain intimate texts between Amazon CEO Jeff Bezos
Dimas Ardian | Bloomberg | Getty Images The PT Tokopedia logo is displayed at the company’s offices in Jakarta, Indonesia, on Friday, Feb. 19, 2016. Photographer: Dimas Ardian/Bloomberg via Getty Images Financial technology — or fintech for short — can be broadly defined as any digital innovation in financial services, such as insurance or online
Boeing CEO Dennis Muilenburg restated the aircraft maker’s commitment to safety on Monday night, as concerns grow about the second deadly crash of the manufacturer’s top selling Boeing 737 Max planes in less than five months. The executive said that Boeing will maintain its “relentless commitment to make safe airplanes even safer.” “We also understand
Check out the companies making headlines after the bell: Shares of Tilray were up more than 2 percent in extended trading Monday following the release of the Canadian cannabis company’s fourth-quarter earnings. Tilray reported a loss of 33 cents on revenue of $15.5 million. Wall Street estimated revenue of $14.1 million. Brendan Kennedy, President and
Shares of British Columbia-based Tilray jumped after the bell Monday after it reported that its cannabis sales more than doubled over the last year. The company said fourth-quarter revenues of $15.5 million buoyed 2018 sales to $43.1 million, up 110 percent compared to last year. The surge was driven by bulk sales, the first months
It’s only natural that parents want to help their children succeed in life, but many may be jeopardizing retirement in doing so. In fact, parents are spending twice as much on their adult children than they are putting away to live out their golden years, according to a recent study by Merrill Lynch and Age
If you’re a first-time home buyer and looking at cities in California, you may want to rethink your plans. Some under-the-radar metro areas in other areas of the country may provide more value. That’s according to a new study from personal finance website Bankrate, which ranked the 50 largest metro areas in the U.S. for
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