Shares of Nutanix plunged 25 percent in extended trading after the provider of cloud infrastructure technology gave a weaker-than-expected forecast in its fiscal second quarter earnings report. For the latest quarter, the company beat analyst expectations on the top and bottom lines. Here are the key numbers: Earnings: Loss of 23 cents per share vs.

Close to a month into tax season, tax refunds are starting to increase. The average check is now $3,143 for the week ended Feb. 22, according to the IRS. That’s just about on par with last year’s figures, reflecting a rise of 1.3 percent year over year. The increase in refund amounts is a change

HP CEO Dion Weisler told analysts that, “as the macro uncertainty has increased we have seen further price sensitivity among customers pressuring both our share and our supplies pricing.” Booking CEO Glen Fogel cited a slowdown in Europe, where the online travel company does the majority of its business. Germany, in particular, is being hurt

Despite gains in income and wealth for black families in America, white families often have a net worth up to 10 times higher. Discriminatory financial practices such as redlining or credit discrimination have increased the wealth gap and held black families back from being able to create generational wealth. Times are changing. Black millennials are

J.C. Penney on Thursday reported earnings and sales for the holiday quarter that topped analysts’ lowered expectations, as the company said it was successful in reducing a glut of unsold inventory in 2018. But revenue was down sharply, and the company declined to provide a forecast for 2019 as it works to improve its financial

Whitney Curtis | Bloomberg | Getty Images Bottles of Anheuser-Busch’s Bud Light, Budweiser and Budweiser Select and InBev NV’s Bass, Stella Artois, and Hoegarden are arranged for a photograph at the Van Goghz Martini Bar & Bistro in St. Louis, Missouri. Anheuser-Busch InBev, the world’s largest brewer, forecast strong revenue and profit growth in 2019,

HP Inc. reported quarterly revenue that fell short of Wall Street estimates on Wednesday, due to weaker-than-expected sales in both its personal computer and printing businesses, sending shares down 12 percent after hours. HP is the hardware business of the former Hewlett-Packard Co., which split in 2015. Sales in the personal systems business, which accounts

Michael Nagle | Bloomberg | Getty Images James Park, chief executive officer of Fitbit Inc. Fitbit shares plunged in extended trading after the maker of wearable fitness devices provided a weaker-than-expected forecast. The shares sank another 12 percent after hours to $6.08. Fitbit said sales in the first quarter will increase as much as 8

L Brands, owner of Victoria’s Secret and Bath & Body Works, on Wednesday reported mixed results in the holiday quarter that sent shares of the company down more than 5 percent. Same-store sales at its Victoria’s Secret brand have struggled to keep up with changing tastes and new competition, and fell 3 percent. The brand,

Tax season is prime time for catching and fixing last year’s individual retirement account slip-ups. Whether you put away too much money in your IRA or you forgot to take out a required minimum distribution — ie, a mandatory withdrawal — after you turned 70½, your accountant is likely to discover your mistakes. “Missed RMDs

If you wind up owing the IRS this tax season, consider double-checking your tax withholding at work, said Derus. This way you can avoid owing next year. After the Tax Cuts and Jobs Act, Treasury and the IRS updated the tax withholding tables, which your employer uses as a guideline to determine how much income

If you were planning on taking a tax break for those unreimbursed expenses at work or the fees you pay your tax preparer, prepare to be disappointed. That’s because the Tax Cuts and Jobs Act, the new tax legislation that went into effect last year, curbed itemized deductions. The new tax law eliminated personal exemptions

BRYAN R. SMITH | AFP | Getty Images Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange on January 10, 2019 in New York. Check out the companies making headlines midday Tuesday: Home Depot – Shares of Home Depot fell 2.5 percent after the

Timothy Fadek | Bloomberg | Getty Images An employee scans a customer’s purchases at a Walmart Inc. store in Secaucus, New Jersey, U.S., on Wednesday, May 16, 2018. Walmart is changing its job requirements for front-door greeters in a way that will likely disproportionately affect workers with disabilities, according to a report by NPR. The

Peter Foley | Bloomberg | Getty Images Traders work at the JPMorgan Chase & Co. booth on the floor of the New York Stock Exchange (NYSE) in New York. Wall Street’s trading desks are off to a tepid start this year. J.P. Morgan Chase, the world’s biggest investment bank, said that first-quarter trading revenue would

However, with the top federal tax rate of 37 percent applied to income above about $510,000 for single tax filers ($612,000 for married couples filing jointly) you could count on owing more — a lot more. For illustration purposes: If the winner had no other reductions in income — for example, significant charitable contributions from

Macy’s said Tuesday it will cut about 100 management jobs as looks trim costs and improve profitability amid declining sales. The department store chain was able to top lowered expectations for its fourth quarter. But same-store sales came up short of expectations, as tourism spending weakened toward the end of 2018. Macy’s was forced to

Linh Pham | Getty Images A worker at the t-shirt store of Truong Thanh Duc dry the newly printed t-shirts with the portraits of U.S. President Donald Trump and North Korean leader Kim Jong Un on February 21, 2019 in Hanoi, Vietnam. U.S. President Donald Trump and North Korean leader Kim Jong Un are meeting

However, Stratford pointed out that nearly half the respondents from the technology and resources and industrial sectors said they would investment in China if they thought protection of intellectual property were stronger. In the ongoing trade dispute, the U.S. has accused China of stealing intellectual property and forcing American companies to share technology when they

Deutsche Bank: “You need a recovery in Europe. I was over in Europe last week, I’ve gotta tell you you’re not going to see that as long as China is not doing that well either. I’m going to have to take a pass on Deutsche Bank. I don’t want you to buy it here.” Sarepta

Coming off of a tumultuous week, Kraft Heinz could be due for another dividend cut, CNBC’s Jim Cramer warned viewers Monday, calling it “pure baloney.” Investors once loved its cost-cutting strategies on top of Warren Buffett’s 27 percent stake in the company, but the “Mad Money” host said Wall Street’s “reverence” turned to “revulsion” after

Elon Musk is aiming for Mars with the massive new rocket SpaceX is developing but, along the way, the company’s founder thinks it may be useful for one of NASA’s goals: Building a sustained human presence on the Moon. SpaceX is in the early stages of manufacturing the rocket, called Starship. “Starship will also be

Check out the companies making headlines after the bell: Etsy shares surged as much as 12 percent after hours Monday based on strong fourth-quarter earnings. Beating on the top and bottom lines, the e-commerce company posted earnings per share of 32 cents on revenues of $200 million. Wall Street forecast earnings per share of 21

Etsy jumped 10 percent in extended trading Monday after reporting fourth-quarter earnings that beat expectations. The company reported fourth quarter earnings of $0.32 per share on revenues of $200 million. Analysts had expected EPS of $0.21 on revenues of $194.9 million. “By making Etsy a great destination for holiday shopping, we delivered strong fourth-quarter results

There’s little question that technology is shaping the future of our work, our play and even how we form opinions. But who is shaping that technology? It’s been quite an economic run. The stock market has been climbing for a decade, and in that time, tech companies like Apple, Alphabet, Amazon and Facebook have gone

“You never know when you’ll have to tap into the those funds,” he said. • Pay off debt. Total credit card debt is at its highest point ever, surpassing $1 trillion, the Federal Reserve also found. The average American has a credit card balance of $4,293, according to the latest Experian data. Start by figuring

As much as he likes stocks, Buffett said the last eight years or so have been a tough environment for active investors to beat the S&P 500 index. In fact, he told CNBC that Berkshire investment managers Ted Weschler and Todd Combs have trailed the S&P 500 by a “tiny bit” since each joined the

You can save up to $6,900 in this account for 2018 if you have a family insurance plan, or $3,450 if you have self-only coverage. Account holders who are 55 and older can kick in an extra $1,000. Be aware that you can carry your HSA balance from one year to the next, so consider

Women, in particular, tend to suffer more compared to men because they typically take time out of the workforce to care for their children, parents and spouses. “Because women have such discontinuous work histories, they have lower income, they have lower private pensions and they have fewer savings of their own,” Carr said. Women are

Warren Buffett remains bullish on index fund investing. After all, his own company can’t beat them. The billionaire investor told CNBC on Monday that Berkshire Hathaway’s chief stock pickers, Ted Weschler and Todd Combs, have failed to beat the S&P 500. “Overall, they are a tiny bit behind the S&P, each, by almost the same