CNBC’s Jim Cramer on Friday said it is a “huge mistake” for President Donald Trump to wage a trade dispute with Mexico in an effort to curb immigration at the border. “It is a mistake to use commerce as a weapon against a government that’s been happy to cooperate with us on trade,” the “Mad
Month: May 2019
Aramark Holdings: “Did not like that last quarter. They’re in the penalty box. We’re gonna skip that one.” California Resources: “Stay away. It’s a fossil fuel company that we don’t like. We’re recommending very few of those.” Medifast: Sell it. “No. Planet Fitness, my friend. “ Annaly Capital Management: “No. All they do is they
Federal Reserve Chairman Jerome Powell holds a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., March 20, 2019. Jonathan Ernst | Reuters Federal Reserve officials speaking at a policy conference may get a lot more attention than usual in the week ahead after President Donald Trump’s latest tariff
Avocado toast and that extra side of guacamole are probably going to get more expensive if President Donald Trump‘s newest trade threat becomes a reality. The United States gets the vast majority of its supply of the popular fruit from Mexico. If Trump’s surprise threat of 5% tariffs on imports from the country goes into effect,
There’s a key measure of stock market volatility that shows why this month’s sell-off has been different than the drop in December. The CBOE Volatility Index, or VIX, is sometimes known as “the fear gauge.” The VIX helps measure Wall Street’s expectations for large shifts in the stock market in the coming months by looking
General Joseph Dunford (L), chairman of the US Joint Chiefs of Staff, and Chief of the General Staff of the Chinese People’s Liberation Army General Fang Fenghui shake hands after signing an agreement at the Bayi Building in Beijing on August 15, 2017. Mark Schiefelbein | AFP | Getty Images In the wake of the
Expectations for a Fed bailout for markets and the economy rose sharply after President Donald Trump’s surprise threat to put tariffs on all Mexican goods if Mexico doesn’t do more to stop immigrants from entering the U.S. Many investors believe in the “Trump put,” — the idea that he would act to limit the stock
Corona beer, owned by Constellation Brands. Getty Images Check out the companies making headlines midday Friday: Constellation Brands, Calavo Growers, Chipotle Mexican Grill — Shares of the Corona and Modelo beer marker fell more than 5% as investors worried tariffs on Mexican goods would increase Constellation Brands’ import costs. Calavo Growers and Chipotle, meanwhile fell
The Internal Revenue Services offices in Washington, D.C. Adam Jeffery | CNBC Call your accountant and bring out last year’s tax return: The Internal Revenue Service has released a draft of its new tax withholding form. The new Form W-4 is expected to be in use for 2020, and is currently open for comments from
Union Pacific cargo train with multiple box cars approaching the camera as it prepares to cross a level railroad crossing near Jamestown, California, December 17, 2017. Smith Collection/Gado | Archive Photos | Getty Images A number of American companies could see their sales decline if trade relations between the United States and Mexico deteriorate as a
As the nation’s heartland endures heavy rainfall, catastrophic flooding and deadly tornadoes, homeowners elsewhere shouldn’t assume they are out of harm’s way. Now is the time to evaluate any risk for potential summer storm damage. The Atlantic hurricane season runs from June 1 through Nov. 30. And although the National Oceanic and Atmospheric Administration predicts
The Federal Reserve is likely to cut interest rates twice this year in response to the impact from President Donald Trump potentially opening a new front in the trade war, according to J.P. Morgan strategists. The firm is the first on Wall Street to catch up to market expectations that the Fed will ease policy
U.S. President Donald Trump arrives to speak about immigration reform in the Rose Garden of the White House on May 16, 2019 in Washington, DC. Mark Wilson | Getty Images A Chinese official tabloid editor followed by Wall Street for insight took a shot at President Donald Trump’s latest threat to impose tariffs on all
There’s good news for the many people who are in college and working too: they’re likely to pick up a larger paycheck after graduation than their peers who didn’t work. That’s the finding from a new study published by the Education and Employment Research Center at the Rutgers School of Management and Labor Relations. Students
U.S. President Donald Trump answers questions on the comments of special counsel Robert Mueller while departing the White House May 30, 2019 in Washington, DC. Win McNamee | Getty Images Tariffs that the U.S. is threatening to impose against Mexican goods could have steep costs, both economically and politically, while also impacting important policy decisions.
You don’t need a million dollars to live a luxurious retirement if you’re willing to leave the United States. “Most people assume that a high-flying existence like that is the purview of the rich and famous alone,” said Jennifer Stevens, the executive editor of International Living. They’re wrong, Stevens said. The website for expatriates is
The economic relationship between the United States and China needs to change, Tony Ressler, a billionaire veteran of Wall Street, said Friday. “The Trump administration is making some very important points about how we do business with China,” said Ressler, co-founder of private equity giants Apollo Global Management and Ares Management. President Donald Trump, through
Starting Friday, New York City commuters in a hurry will get a break as the U.S. takes a big step toward embracing contactless payments. On May 31, some New York City subways and buses will enable riders to tap a contactless bank card or their mobile wallet at some turnstiles to pay fares, according to
A bill aimed at boosting retirement savings could also grant some tax relief to college students. Last week, the House of Representatives passed the Secure Act with support from both Republicans and Democrats. The proposed legislation, which will go before the Senate, includes a range of provisions to help workers boost their retirement savings. Major
Workers who get advice on all money matters impacting their lives do a better job saving specifically for retirement, a new report suggests. Among more than 2,400 employees who have had access to ongoing coaching for all aspects of their financial lives, the average retirement-plan contribution rate climbed to 9.4% of pay in 2018 from
The Karlmann King at the 2019 New York Auto Show. Adam Jeffery | CNBC If you’re looking to spend $1.9 million on a new vehicle, an Italian armored car based on a Ford F-550 chassis is probably not on your radar. Karlmann is trying to change that. Reclining alligator skin back seats on the Karlmann
There’s nearly $800 million up for grabs this weekend in the nation’s two largest lotteries. With no ticket matching all winning numbers in Wednesday night’s Powerball drawing, the jackpot has jumped to $350 million. Between that and Mega Millions’ $444 million top prize, a whopping $794 million is waiting for winners in the next two
Trucks carrying cars queue in front of the Otay Mesa border crossing in Tijuana. Omar Martinez | picture alliance | Getty Images Shares of the largest U.S. automakers dropped in premarket trading Friday after President Donald Trump announced that the U.S. will impose a 5% tariff on goods imported from Mexico on June 10. General
SAN FRANCISCO, CA – SEPTEMBER 25: Dell CEO Michael Dell delivers a keynote address during the 2013 Oracle Open World conference on September 25, 2013 in San Francisco, California. The week-long Oracle Open World conference runs through September 26. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images Dell Technologies
Costco Wholesale on Thursday reported quarterly profit and revenue that beat Wall Street estimates and said it would tackle the proposed round of tariffs on Chinese imports by sourcing goods from other countries and possible price increases. The warehouse club operator is the latest American retailer to warn of tariff hit, after dollar store chains
Shipping containers sit stacked at Qingdao Port after snow on February 14, 2019 in Qingdao, Shandong Province of China. Visual China Group | Getty Images China continued to ramp up the rhetoric against the U.S. on Friday, with a former Chinese central bank chief saying that further escalation in trade tensions between Washington and Beijing could greatly hurt
The retail sector has been reeling in the month of May with trade and economic headwinds in its way, CNBC’s Jim Cramer said Thursday. The Spdr S&P Retail ETF, which tracks the segment’s performance on the market, has fallen more than 11% in the month alone and has now dipped nearly 1% thus far in
Uber CEO Dara Khosrowshahi (center) joins other employees in ringing the Opening Bell at the New York Stock Exchange (NYSE) as the ride-hailing company Uber makes its highly anticipated initial public offering (IPO) on May 10, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making
Gap Inc. shares are tanking after the apparel retailer on Thursday evening reported quarterly earnings and sales short of Wall Street estimates, and slashed its full-year profit outlook. The apparel retailer’s shares were cratering more than 15% in premarket trading Friday, having closed Thursday at a fresh low of $20.60, a level not seen since
Facebook CEO Mark Zuckerberg makes his keynote speech during Facebook Inc’s annual F8 developers conference in San Jose, California, U.S., April 30, 2019. Stephen Lam | Reuters Mark Zuckerberg on Thursday dodged shareholder questions about his willingness to step down as Facebook CEO or chairman. “A lot of the conversation, the comments and the proposals
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