The 2020 BMW 8 Series Gran Coupe. European model shown. Source: BMW BMW has a habit of stretching definitions, as it did when it introduced a stretched version of the old 6-Series coupe, adding a pair of extra doors and dubbing it a “Gran Coupe.” Since then, it has expanded the array of four-door coupes
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut. “I think they’re fully planning on cutting in July, absent stronger data,” said Ed Keon, QMA chief investment strategist. “The market liked it now, but it’s important to keep in mind, rate cuts
Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Traders are convinced the Federal Reserve will cut rates next month. The fed funds futures market is now pointing to a 100% chance of an easing of monetary policy next month — a 67% chance of
Elon Musk, co-founder and chief executive officer of Tesla Inc., speaks during an unveiling event for the Tesla Model Y crossover electric vehicle in Hawthorne, California, U.S., on Friday, March 15, 2019. Patrick T. Fallon | Bloomberg | Getty Images Tesla shares are nearing Morgan Stanley’s price forecast but the firm isn’t sure how to
Julie Thurston | Getty Images Lawmakers are taking steps to renew a package of tax breaks, potentially making a slew of expired deductions available once more. The so-called tax extenders are a series of temporary provisions in the code that have expired and must be cleared by Congress retroactively each year in order for filers
Netflix CEO Reed Hastings split the company in two in 2011, thinking that the growing ubiquity of high-speed Internet access would soon mean the end of their disruptive DVD mailing business. But neglecting the DVD business proved to be a mistake, and Netflix reversed course. Ore Huiying | Getty Images Some industries were safe from
Feverpitched | iStock | Getty Images No two retirements look the same. But there is one thing all individuals face in their golden years: high health-care costs. Medicare beneficiaries will need as much as $400,000 for health expenses per couple, according to 2018 research from the Employee Benefit Research Institute. That is up from $370,000
Check out the companies making headlines before the bell: Southwest Airlines – The airline raised its full-year revenue for revenue per available seat mile, owing to what it calls “solid” demand. The airline said fuel efficiency is down, however, due to the grounding of its 737 Max jet fleet. Southwest also extended cancellations of flights
Operations at U.S. Steel Source: United States Steel Corporation United States Steel on Tuesday said it would idle two blast furnaces in the United States and a third in Europe, as lower steel prices and softening demand led the steel producer to forecast current-quarter earnings below the Wall Street estimates. Steel producers in the United
If you go to work every day just going through the motions, you aren’t alone. According to Gallup, only 33% of employees are engaged at work. So, how can nearly 70% of the workforce be disengaged? I believe it’s because there is a tremendous lack of recognition in the world today, or what I call
Taking up any leadership role in business requires a lot of responsibility, especially when it comes to making major decisions that require considering what’s best for a company. Yet that doesn’t tend to be the only quality that employees look for when it comes to management. Whatever those values are, some CEOs are making a
Businesses in Hong Kong may be moving out amid political uncertainty and massive protests in the city, members of the business community told CNBC. But one analyst said Hong Kong still holds an advantage over its rivals — its proximity to the mainland. “The real concern here, which we’ve seen slight signs of, is that
Traders work the floor at the NYSE in New York. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of Adobe jumped nearly 3% during extended trading after the technology company reported $1.83 in adjusted earnings per share on $2.74 billion in revenue for the second quarter. Those figures topped
Shantanu Narayen, CEO, Adobe Mark Neuling | CNBC Adobe shares rose more than 3% after hours on Tuesday after the company announced better-than-expected earnings for the second quarter of its 2019 fiscal year, which ended on May 31, and lighter-than-expected guidance. Here are the key numbers: Earnings: $1.83 per share, excluding certain items, vs. $1.78
The cryptocurrency industry cannot get enough of Libra, touting its ability to gain mainstream adoption which bitcoin strived to do for years. “Libra is potentially one of the most positive external tailwinds in Bitcoin in its 10-year history,” said Spencer Bogart, of Blockchain Capital to CNBC over email. However there are differences between bitcoin and
Jamie Grill | Getty Images As the calendar crosses the mid-year mark, are you on track to reach your retirement savings goals? The IRS has raised the limits for what you can put away in pre-tax retirement savings account this year. That means you can sock away as much as $19,000 in your 401(k), 403(b),
Jonathan Nicholson | NurPhoto | Getty Images Shares of Western Union fell Tuesday as excitement around the potential of sending money internationally without fees with Facebook’s new cryptocurrency took a bite out of the money exchanging company. Western Union was one of the the worst performing stocks on the S&P 500 index, falling 2.4% to
Wall Street analysts reacted with great fanfare after Facebook finally revealed the details of its long awaited cryptocurrency, Project Libra, on Tuesday. Most analysts believe the crypto project will give the company a major boost and continue pushing Facebook to further greatness. The social media giant said its partners in the initiative include eBay, Lyft,
Adobe’s upcoming earnings report could be a moment for traders to cash in. The options market is implying about a 4% move in either direction for shares of the cloud giant after it issues fiscal second-quarter results, Dan Nathan, co-founder and editor of RiskReversal.com, said Monday. “That’s in line with the average over the last
Tomoji Hirakata | Getty Images People don’t necessarily donate to charity because of tax benefit. At the same time, without it, they are likely to give less. After years of strong growth, total charitable giving rose just 0.7% in 2018, according to a new report on philanthropy by Giving USA. When adjusted for inflation, total
Donald Gruener | iStock | Getty Images Americans gave less to charity in 2018 than a year earlier, following changes in the tax law and fourth-quarter declines in the stock market, according to a new report. Charitable giving by individuals America fell 1.1% to $292 billion in 2018 compared with 2017, according to Giving USA.
Gaten Matarazzo attends the 2019 MTV Movie and TV Awards at Barker Hangar on June 15, 2019 in Santa Monica, California. Emma McIntyre | Getty Images Entertainment | Getty Images Netflix has offered some clarity about its newest prank show after the internet went wild this week, calling the program “cruel.” On Friday, Netflix revealed
Bank of America financial center manager, center, shows a customer how to use the ATM with Teller Assist station in Cherry Creek. Andy Cross | Denver Post | Getty Images Here are the biggest calls on Wall Street on Tuesday: BMO upgraded Bank of America to ‘outperform’ from ‘market perform’ BMO said that the bank’s
If the thought of investing in bonds overwhelms you, you aren’t alone. Between the different types of securities and the varying yields available in the $43.1 trillion dollar bond market, investors may have a hard time sorting it all out. Yet if you want a balanced portfolio, experts say it’s important to include fixed-income assets.
manusapon kasosod | Moment | Getty Images As Generation X and millennials inherit their baby boomer parents’ assets amid the so-called Great Wealth Transfer, some will look to invest it in rental property to generate income. This property might be a duplex, an apartment building or, depending on the location, a single-family house that could
If the Federal Reserve fails to signal on Wednesday a rate cut, the June rally could hit the skids,Wall Street bull Tony Dwyer warns. The Canaccord Genuity chief market strategist contends it’s necessary for the Fed to ease soon to correct a policy mistake and boost the economy. “We don’t think the Fed needs to
Thomas M. Barwick | Getty Images Financial advisors have another “best interest” rule around the corner: This regulation applies to life insurance and annuity recommendations. New York is rolling out a regulation that will require financial advisors to place their clients’ interests above their own when they’re making recommendations around proposed or in-force insurance contracts.
Christian Kober | Getty Images There are signs that ongoing trade tensions are putting some pressure on China‘s job market — despite Beijing’s efforts to emphasize the negative impact of tariffs on the U.S. According to China’s top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.
CNBC’s Jim Cramer does not expect the Federal Reserve to cut interest rates at its meeting on Wednesday. “I’m expecting a statement from [Chairman] Jay Powell where he explains that he’s watching the situation closely [and] he’s prepared to cut rates next month if things deteriorate,” the “Mad Money” host said. “I regard that as
An aircraft marshaller guides a Southwest Airlines Boeing 737 aircraft to a gate at John Wayne Airport airport in Santa Ana, California. Patrick T. Fallon | Bloomberg | Getty Images Boeing knew the Paris Air Show would be slow, but this may have been worse than they expected. On day one of the show, Boeing