Qualcomm Inc. CEO Steve Mollenkopf. Getty Images Qualcomm reported revenue for its June quarter that was significantly lower than analyst expectations, as well as disappointing guidance for the September quarter on Wednesday. The stock dropped as much as 5% in after-hours trading. Here’s how the company did versus expectations: Earnings: $0.80 per share, excluding certain
Month: July 2019
The Fitbit Ionic has a few apps, with more to come Erin Black | CNBC Shares of Fitbit cratered as much as 21% after hours on Wednesday after the company cut guidance for the next quarter in its second quarter earnings report. The stock rebounded slightly but was still down more than 11%, which is
Sen. Kamala Harris Elijah Nouvelage | Reuters Student debt has become a central issue in the 2020 presidential campaign. First, Sen. Elizabeth Warren, D-Mass., proposed canceling $640 billion of it. Then Sen. Bernie Sanders, I-Vt., said he’d erase all $1.6 trillion of it. Now Sen. Kamala Harris, D-Calif., has released a plan to forgive student
Graiki | Moment Open | Getty Images Retirees are facing a tough decision: Should they make up for even less growth on their cash by ramping up stock exposure? On Wednesday, the Federal Reserve lowered the federal funds rate — the interest rate banks charge to lend each other money — by 0.25%. The range
The Federal Reserve‘s decision to cut interest rates 25 basis points for the first time in over a decade marked a dramatic shift in monetary policy. It will be felt by Americans across the board. After raising the federal funds rate nine times in three years, with the last move coming in December as financial
Leon Cooperman Scott Mlyn | CNBC During Tuesday night’s Democratic presidential debate, many of the Democratic candidates called for ending a favorite tax break of the rich. And now they have some unlikely allies: billionaire, conservative hedge-fund managers. In Wednesday’s Financial Times, hedge-fund manager and longtime Republican supporter Leon Cooperman said that while he opposed
The Humana headquarters office stands in Louisville, Kentucky. Ty Wright | Bloomberg | Getty Images Health insurer Humana raised its 2019 profit forecast on Wednesday and posted second-quarter earnings ahead of Street estimates, as it reined in costs and recorded higher revenue from its unit that sells Medicare Advantage health plans. Shares rose 3.7% to
Shares of chipmaker Advanced Micro Devices fell 10.1% Wednesday following its second quarter earnings report. The drop shaved $3.76 billion from AMD’s market cap, bringing it to $32.9 billion. The company met analyst estimates for earnings per share and beat revenue expectations. AMD reported earnings of 8 cents per share and revenue of $1.53 billion, compared
Gilead Sciences beat Wall Street estimates for second-quarter revenue and profit on Tuesday, driven by higher sales of HIV treatments, and the U.S. drugmaker raised its full-year sales forecast. California-based Gilead said it now expects 2019 sales of $21.6 billion to $22.1 billion in 2019, up from its prior forecast of $21.3 billion to $21.8
Video game publisher Electronic Arts reported better-than-expected quarterly revenue on Tuesday, riding on the continued success of its battle royale game “Apex Legends”, sending its shares up as much as 5% in extended trading. The company’s live services led by Apex Legends, The Sims 4, and FIFA Ultimate Team spurred growth with net bookings jumping
Amgen on Tuesday said its second-quarter revenue fell 3% due to more competition for its older off-patent drugs, but rising sales of newer medicines helped its results exceed Wall Street forecasts. Amgen also said its experimental cancer drug AMG510 has shown activity in patients with colorectal and appendiceal cancer, helping to boost the company’s shares
General Electric shares rose Wednesday after second-quarter earnings topped expectations and the battered conglomerate gave a better-than-expected outlook for its industrial cash flow, a key metric watched by investors. GE reported adjusted earnings of 17 cents a share, down 6% from the same quarter last year but above the 12 cents a share anticipated by
U.S. financier Jeffrey Epstein appears in a photograph taken for the New York State Division of Criminal Justice Services’ sex offender registry March 28, 2017 and obtained by Reuters July 10, 2019. New York State Division of Criminal Justice Services/Handout via REUTERS. New York State Division of Criminal Justice Services | Handout | Reuters Jeffrey
Ariel Skelley | DigitalVision | Getty Images The CFP Board of Standards, the group overseeing the Certified Financial Planner credential, will overhaul its practices, making it easier for investors to spot financial advisors with a questionable past. In a Tuesday afternoon phone call, the group announced it would establish an independent task force to review
Apple now has $210.6 billion cash on hand, according to the company’s fiscal third-quarter earnings report released on Tuesday. That’s a 6.6% decline from its fiscal second quarter of 2019, when it reported a cash pile of $225.4 billion. It’s down 13.6% from the year-ago quarter. Apple continues to host one of the largest cash
Apple said on Tuesday that its services business in the fiscal third quarter grew about 13%, reflecting the company’s effort to expand in subscription products as the iPhone sales slow. Revenue in services, which includes the App Stores Apple Care, Apple Pay, iCloud and Apple Music, increased to $11.46 billion from $10.17 billion a year
Apple reported earnings for its June quarter on Tuesday that were above expectations, and the company’s revenue returned to growth after two straight down quarters. The stock rose more than 4% in after-hours trading. Apple’s guidance was strong and beat analyst expectations, suggesting that demand for Apple products is stabilizing headed into the critical second
Retiring as a millionaire may seem like a fantasy rather than a practical financial goal, yet it’s possible with savvy monthly saving. Reaching that milestone, however, takes determination, especially if you don’t start until later in life. Luckily, personal finance site NerdWallet crunched the numbers, broken down by age group, to demonstrate how much you’ll
Charges against Jeffery Epstein were announced on July 8, 2019 in New York City. Epstein will be charged with one count of sex trafficking of minors and one count of conspiracy to engage in sex trafficking of minors. Stephanie Keith | Getty Images News | Getty Images A day before Jeffrey Epstein, an accused child
Illini Union building on the University of Illinois at Urbana-Champaign campus Source: UI Public Affairs First there was the college admissions scandal earlier this year, which revealed the elaborate lengths wealthy parents will go to get their children into elite schools, including faking a learning disability and forking over $1.2 million. Now another trend shows
Sir Richard Branson is honored with star on the Hollywood Walk of Fame on October 16, 2018 in Hollywood, California. Axelle/Bauer-Griffin | FilmMagic | Getty Images Fulfilment does not come from material possessions, billionaire Richard Branson said in a new blogpost, claiming he “never set out to make money.” “I truly believe that ‘stuff’ really
View of Abu Dhabi’s skyline at sunset from Dhow Harbour in the UAE. Getty Images Singapore sovereign wealth fund GIC has joined major Wall Street investors in a landmark oil pipeline partnership with Abu Dhabi’s National Oil Company (ADNOC), bringing the total investment in the project to nearly $5 billion. The move, which will see
Apple has had a strong 2019 so far, with the stock up more than 45% since the company hit a low after it announced a revenue shortfall on Jan. 2. The iPhone maker continues to mint money, too, and has projected that it will book at least $52 billion in revenue when it reports earnings
Mastercard on Tuesday beat Wall Street estimates for quarterly profit, as a robust economy encouraged customers to spend more, boosting fee income for the world’s second-largest payment processor. The company’s gross dollar volume, the dollar value of transactions processed, rose 8.3% to $1.60 trillion in the second quarter. Overall consumer spending, which accounts for more
A pack of Marlboro cigarettes. Daniel Acker | Bloomberg | Getty Images Altria shares slid Tuesday as the tobacco company warned that cigarette sales declines are accelerating and it’s “too soon” to judge Juul’s international expansion, a key piece of Altria’s nearly $13 billion bet on the e-cigarette giant. Cigarette sales have been declining for
Beyond Meat shares fell sharply in extended trading Monday on news the company would embark on a secondary offering of 3.25 million shares only three months after its IPO. That report followed the release of mixed second-quarter results and a raised 2019 revenue forecast. Shares of the company fell more than 13% in extended trading,
When former Vice President Joe Biden recently announced his plans for older Americans, he joined his fellow Democratic presidential candidates in calling for the expansion of Social Security. “We should be increasing, not decreasing, Social Security,” Biden said at a recent AARP Iowa forum. “It’s within our capacity to do so.” Former U.S. Vice President
If you work at a small business and don’t have access to a 401(k) savings plan, that could soon change. The Labor Department on Monday released a final rule that’s intended to make it easier for the nation’s smaller firms to band together to offer 401(k) plans to their workers. The move comes about a
Morgan Stanley signage on the door of their headquarters building in New York. Scott Mlyn | CNBC Morgan Stanley is offering a new tool to help financial advisors and their clients measure sustainable investing choices and how they perform in their portfolios. The analytics and reporting application, called Morgan Stanley Impact Quotient, was announced on
LawrenceSawyer/Getty Images Samantha Jokela, a 21-year-old college student from Upton, Massachusetts, will be graduating from college a year earlier than expected, thanks to dual enrollment. Dual enrollment is a state-run program that allows students to take college-level classes, often through a local community college, while they are still in high school. As many as 3
- 1
- 2
- 3
- …
- 12
- Next Page »