U.S. stock index futures were higher Thursday morning, amid hopes the world’s two largest economies could soon reach a truce in their protracted trade war. At around 02:10 a.m. ET, Dow futures rose 66 points, indicating a positive open of more than 72 points. Futures on the S&P and Nasdaq were both seen slightly higher.
Month: June 2019
Signage for the Australia & New Zealand Banking Group Ltd. (ANZ Bank) at a branch in Sydney, Australia on June 17, 2018. Lisa Maree | Bloomberg | Getty Images There are now more “adequately mature” financial technology start-ups that can help banks with corporate clients, according to an executive from Australian banking group ANZ. Fintech
Pedestrians cross a street in front of a Rite Aid store in Oakland, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Rite Aid plunged more than 10% following a disappointing quarterly report. The drugstore chain reported an adjusted loss of 14 cents per share on
Atlanta Mayor Keisha Lance Bottoms waits to speak at the Atlanta Press Club luncheon, Tuesday, June 18, 2019, in Atlanta. Andrea Smith | AP City governments are under assault from ransomware, malicious software that infects entire computer networks, freezing up important files and equipment until the organization pays for a key to unlock the information.
A bill that cleared the House on Wednesday includes an amendment that would upend securities regulators’ plans to hold brokers to a new standard when giving advice to retail investors. Added to an appropriations bill that passed 224 to 196, the late addition would prohibit the Securities and Exchange Commission from implementing and enforcing a
When it comes to Social Security benefits, women and minorities tend to receive less money. That means those individuals have a greater chance of retiring into poverty or grappling with financial instability if they become disabled. That also affects their families, who often receive less in dependent or survivor benefits. Congressional Democrats took to the
Paychex Access payroll card in Brookline, Mass. Pat Greenhouse | The Boston Globe | Getty Images Shares of Paychex dropped on Wednesday after Bank of America downgraded the stock due to its “excessive valuation” and “underwhelming fundamentals.” The bank slashed its rating for the employment services company to underperform from neutral, while keeping its 12-month
If you’ll reach age 65 after this year, be aware that the lineup of Medicare supplement insurance policies — aka Medigap plans — will look a bit different beginning in 2020. While the options will remain the same for people who turn 65 before Jan. 1, those who hit that Medicare-eligible age after this year
Customers exit a Target Corp. store in Colma, California David Paul Morris | Bloomberg | Getty Images Retailers can’t let Amazon have all the fun on Prime Day. Target and eBay so far have announced their own deal strategies following Amazon’s announcement Tuesday — where it said Prime Day will actually run for two days
General Mills Cereal boxes Joe Raedle | Getty Images Shares of General Mills tumbled Wednesday after the Cheerios maker’s quarterly revenue fell short of analysts’ estimates as fewer Americans eat its snack foods. The company’s stock, which has a market value of $29.6 billion, fell by 8% during morning trading. Net sales for General Mills’
U.S. President Donald Trump speaks in the East Room of the White House in Washington, D.C., U.S., on Tuesday, June 25, 2019. Al Drago | Bloomberg | Getty Images President Donald Trump lambasted Twitter, Google and other technology giants on Wednesday, claiming they are repressing his messaging and public commentary. “Twitter is just terrible, what
The “Fast Money ” traders shared their first moves for the market open. Pete Najarian was a buyer of the China Internet ETF. Tim Seymour was a buyer of Alibaba. Guy Adami was a buyer of Shake Shack. Trader disclosure: Pete Najarian is long calls ALLY, ASHR, BABA, BOX, DBX, DOCU, DVN, FCX, GDX, GLD, JD,
Jim McGuire | Getty Images The Social Security program is approaching insolvency. Social Security costs keep escalating, with future expenses for the program expected to be 20% higher than projected revenue. To that point, action must be taken promptly to prevent an across-the-board benefit cut for many current and future beneficiaries, according to the Social
Apple CEO Tim Cook delivers the keynote address during the 2019 Apple Worldwide Developer Conference (WWDC) on June 03, 2019 in San Jose, California. Justin Sullivan | Getty Images Apple has purchased autonomous vehicle startup Drive.ai, the company confirmed to CNBC. The deal confirms Apple’s continued interest in self-driving car software, and it will bolster
Frederick Smith, CEO of FedEx. Adam Jeffery | CNBC FedEx CEO and Chairman Frederick Smith said on Tuesday the company’s lawsuit against the Department of Commerce is “separate and distinct” from recent shipping incidents involving Chinese technology company Huawei. The shipping company sued the Department of Commerce on Monday, saying that regulations requiring companies to
‘Valentine’s Day’ Episode 16 of the sitcom The Office. Pictured is the cast of the sitcome: (L to R) Angela Kinsey as Angela Martin, Kate Flannery as Meredith Palmer, Steve Carell as Michael Scott, Phyllis Smith as Phyllis Lapin-Vance, and Jenna Fischer as Pam Beesly. Paul Drinkwater | NBCUniversal | Getty Images NBC has decided
A person uses a Juul Labs electronic cigarette device in San Francisco, on Monday, June 24, 2019. David Paul Morris | Bloomberg | Getty Images San Francisco on Tuesday became the first city in the country to ban e-cigarettes after city officials approved an ordinance that prohibits selling nicotine pods or devices that haven’t been
Sanjay Mehrotra, CEO, Micron Technology Scott Mlyn | CNBC Shares of memory and storage company Micron rose as much as 10% after-hours Tuesday after the company beat analysts’ expectations for the third quarter of its 2019 fiscal year, which ended on May 30. Here are the key numbers: Earnings: $1.05 per share, excluding certain items,
President Donald Trump and China’s President Xi Jinping make joint statements at the Great Hall of the People in Beijing, Nov. 9, 2017. Jonathan Ernst | Reuters Stocks are likely to see a temporary relief rally and bonds could sell off if there is a ‘ceasefire’ declared in the trade wars by the U.S. and
Mark Ralston | AFP | Getty Images More than 300 companies are talking to government officials in Washington this month about how detrimental the trade war between the U.S. and China has been and will be to their business. Testifying in front of the Office of the U.S. Trade Representative, major U.S. companies including Best
Federal Reserve Chairman Jerome Powell stressed the central bank’s independence in a speech Tuesday that comes amid continuous pressure from the White House to cut interest rates. He spoke during a event at the Council on Foreign Relations in New York that investors were watching closely for clues about the direction of monetary policy. His
Homeownership comes with a lot of extra expenses, mostly thanks to the taxman. Due to increasing demand and limited inventory, the nationwide median sale price has reached $226,800, according to Zillow. Values have gone up 5.4% over the past year and are expected to rise another 2.5% in the next year. On top of that,
A recruiter for The Art Institutes, left, greets a job seeker at a National Career Fairs job fair in San Diego. David Maung | Bloomberg | Getty Images More than 150,000 former students of for-profit colleges filed a lawsuit against the U.S. Department of Education and Education Secretary Betsy DeVos on Tuesday, claiming the agency
Chateau d’Estoublon, Provence, France Airbnb The online property rental broker Airbnb has launched a new site dedicated to high-end listings that includes castles, entire villages, and beachfront villas in the U.S. or Caribbean. One listing – an entire medieval village in Buonconvento, Italy that can accommodate 44 guests – costs around $23,140 per night while
Americans collectively hold a record $1.6 trillion in student loan debt. But that’s not the No. 1 reason that prompts them to file for bankruptcy. Here’s what most often does drive them to the financial brink: big medical bills. Hiroshi Watanabe | Getty Images A recent academic study found that 66.5% of all bankruptcies were
A key measure of the American economy slipped this month after three consecutive months of increases as consumers saw the trade war with China as an increased risk. The Conference Board’s consumer confidence index declined to 121.5 in June, the business research group said on Tuesday, down from May’s recording of 134.1. The drop is
The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of FedEx. Brian Kelly was a buyer of the Junior Gold Miners ETF. Dan Nathan was a seller of the Consumer Staples ETF. Guy Adami was a buyer of CME Group. Trader disclosure: Tim Seymour is long AMZN,
Jin Lee | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Tuesday: Citi upgraded GrubHub to ‘buy’ from ‘neutral’ Citi is bullish on the stock and notes the company may be in early testing with McDonald’s and Starbucks. “1) Despite competition, GRUB‘s ability to continue to grow GFS in the
izusek | E+ | Getty Images Eat what you kill. It’s not the most subtle description of the career path for financial advisors, but it is accurate. Historically, the financial advice industry has been built around people who can come to the job and quickly build books of business to generate revenue. Young advisors have
Lennar reported a higher-than-expected quarterly profit on Tuesday, as the No. 2 U.S. homebuilder’s sales got a boost from lower interest rates for mortgages, sending its shares up 4% before the opening bell. Several years of rising rates had put a brake on parts of the U.S. housing market in 2018. But a moderation in
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