The Honeywell International sign sits outside of the company’s former global headquarters in Morristown, New Jersey, on Friday, Jan. 26, 2007.  (Photo by Daniel Barry/Bloomberg via Getty Images) Bloomberg | Bloomberg | Getty Images Diversified manufacturer Honeywell International fell short of Wall Street estimates for quarterly revenue on Thursday and cut its full-year sales forecast,
0 Comments
Co-founder and CEO of Netflix Reed Hastings Albert Llop | Anadolu Agency | Getty Images The best way to defeat an enemy is to make him your friend. Netflix said today in its third-quarter earnings letter to shareholders that it welcomes upcoming competition from Apple, Disney, Comcast‘s NBC Universal, AT&T‘s WarnerMedia and others set to
0 Comments
Sen. Elizabeth Warren (D-MA) speaks during the Democratic Presidential Debate at Otterbein University on October 15, 2019 in Westerville, Ohio. A record 12 presidential hopefuls are participating in the debate hosted by CNN and The New York Times. Win McNamee | Getty Images Sen. Elizabeth Warren may have a new slogan: “Where’s the beef?” During
0 Comments
Billionaire investor Leon Cooperman slammed Democratic presidential candidates Elizabeth Warren and Bernie Sanders on their proposals to put an additional tax on the richest Americans. “Stop portraying billionaires as criminals,” Cooperman said on CNBC on Wednesday, the morning after Warren and Sanders in the latest Democratic debate cast themselves as the hardliners on tacking wealth
0 Comments
Peter Dazeley | Photographer’s Choice | Getty Images Here’s an awkward question for your spouse: Would you be willing to get divorced to save a few dollars? Proposed wealth taxes from presidential candidates Sens. Elizabeth Warren and Bernie Sanders are stirring up chatter around so-called strategic divorce to avoid the levy. The Tax Cuts and
0 Comments
An ATM is shown at company headquarters for the PNC Financial Services at One PNC Plaza in Pittsburgh, Pennsylvania. Getty Images PNC Financial Services posted a better-than-expected third-quarter profit on Wednesday, boosted by higher loan growth. The U.S. regional bank’s loan portfolio grew 6.5% to $237.4 billion, with commercial lending accounting for about 67% of total
0 Comments
The Bank of New York Mellon on Wall Street, New York. Scott Mlyn | CNBC Bank of New York Mellon reported a better-than-expected quarterly profit on Wednesday, as the world’s largest custodian bank cut costs to counter weakness in its investment management business and lower interest rates. Fee revenue fell 1%, hurt by outflows since
0 Comments
A United Airlines airplane takes off at Newark Liberty Airport. Gary Hershorn | Getty Images United Airlines Holdings on Tuesday raised its earnings forecast for the year as travel demand continued to climb, boosting shares in after-hours trading. The airline’s performance puts it “ahead of pace” to meet its per-share earnings goal of $11 to $13
0 Comments
Call it a financial frenzy. Big banks J.P. Morgan Chase, Citigroup, Wells Fargo and Goldman Sachs kicked off earnings season with their reports Tuesday, with J.P. Morgan leading the pack and the broader market higher after surprising Wall Street to the upside. Experts, including Wells Fargo’s former CEO, were impressed by J.P. Morgan’s record revenue,
0 Comments
Netflix CEO Reed Hastings. Philippe Huguen | AFP | Getty Images This quarter is Netflix‘s calm before the storm. The streaming video giant will report its third-quarter earnings Wednesday for the last time before a slew of competitors debut services that could derail customer growth both in the U.S. and abroad. Netflix estimates it will
0 Comments
John Hope Bryant, an advocate of economic empowerment through Operation Hope, wants Democratic presidential candidates Sens. Bernie Sanders, I-Vt., and Elizabeth Warren, D-Mass., to know that he would not have been successful without capitalism. “I think Bernie and Elizabeth mean well,” Bryant said on CNBC on Monday, regarding their criticism of how capitalism has led to
0 Comments
For all the worries that seem to plague the advisory business, one thing suggests it will continue to thrive: The demand for financial advice is, and will remain, strong. “I’m very bullish on the long-term success of the financial advice business,” said certified financial planner Evelyn Zohlen, head of Inspired Financial in Huntington Beach, California,
0 Comments
It’s evident that the financial advice business has evolved over the years. The industry continues to mature, and financial advisors are always finding ways to address and meet the demands of today’s investors. In fact, given the increased complexity of everyone’s financial lives, investors are eager to seek some help and education regarding income investment
0 Comments
David Rea, president of No. 1-rated financial advisor firm Salem Investment Counselors, attributes his start in the business to excellent professors at Indiana University while he was pursuing an MBA. Salem Investment Counselors Everyone loves a good origin story, whether it’s fictional, like Superman’s, or real life — think Warren Buffett or Steve Jobs —
0 Comments
Richard Allison, CEO of Domino’s Pizza, speaks at CNBC’s Evolve conference in Chicago on Sept. 24, 2019. Jeff Schear | CNBC Amid growing competition from third-party delivery apps, Domino’s Pizza slashed its long-term sales outlook and reported quarterly earnings and revenue that fell short of estimates. CEO Ritch Allison told investors that the company changed
0 Comments