Month: July 2018

Caterpillar reported record second-quarter earnings per share Monday and bumped up its full-year forecast. The big machinery exporter also said it would offset a sizable second-half profit hit from the tariffs by raising prices. “Caterpillar delivered record second-quarter profit per share,” CEO Jim Umpleby said in a statement. “Based on outstanding results in the first
0 Comments
The pan-European Stoxx 600 was 0.2 percent lower with almost every sector in the red. Basic resources were the worst performers as trade concerns lingered and Asian stocks struggled during Monday’s session. Several analysts claim the agreement reached last week between President Donald Trump and Europe over trade links is vague. Shares of BMW were
0 Comments
Investors may want to consider unloading bonds in favor of crude oil. According to Bank of America-Merrill Lynch’s Paul Ciana, there are two particular charts that point to an oil breakout that could garner solid returns over the next 6 to 12 months. The firm’s chief global technical strategist’s first chart compares commodity prices to
0 Comments
Small business is starting to go digital, as smartphone apps, cloud sharing and automation help many of them get more work done in less time. Technology is often billed as a means to replace human labor, yet recent data suggest that small businesses are actually looking to boost headcount, even as they shell out more
0 Comments
Before students even step foot on campus, financial experts advise beginning with a plan, which includes a conversation between parents and their college-bound children. The financial aid package for your child’s first year of college may be set, but your family should be having an ongoing discussion about student loan debt and how to keep
0 Comments
Serious gig workers will also create a business plan. This gives the specifics of your plans to obtain income, and outlines your expertise, services, products and clientele. The business plan also has your marketing plan, fees, location, hours and expenses. “A solid financial plan will incorporate business plans into an individual’s overall personal long-term financial
0 Comments
Shares of Boston Beer tumbled on Friday after the Samuel Adams beer maker reported quarterly earnings that fell well short of analyst expectations. Boston Beer earned $1.98 per share in the second quarter, while analysts polled by Reuters expected a profit of $2.81. The company’s revenue fell in line with analysts’ estimates at $273 million
0 Comments
AbbVie barely beat Wall Street forecasts on sales of its mainstay medicine Humira, failing to allay investors’ concerns over the future of the cash cow product and sending the drugmaker’s shares down 5 percent on Friday. Humira is the world’s best-selling prescription medicine and accounts for some two-thirds of AbbVie’s overall revenue. But the drug
0 Comments
There are many resources for finding the best high-yield savings account or money market deposit account for you. Mobile applications such as Empower can help you compare different banks, and there are a bevy of online resources that compare accounts, as well. When you’re looking at what kind of account you should open and at
0 Comments
Cloud-based software company LogMeIn fell more than 24 percent during late-morning trading due to weak outlook for the third quarter. The Boston-based company reported earnings per share of $1.32 versus Wall Street expectations of $1.25, according to FactSet. However, it lowered its revenue expectations for the fiscal year by 2 percent. LogMeIn now expects its
0 Comments
Actively managed funds are stumbling again this year. J.P. Morgan shared the latest performance data with its clients, revealing only 41 percent of active fund managers are beating their benchmark year to date versus 52 percent last year in the same time period. “Active equity managers are facing a challenging year … with performance highly
0 Comments