American Express reported fourth-quarter results that beat analyst expectations, sending the stock higher as card fee revenues grew more than expected. The shares rose 2% in premarket trading Friday. Here’s how the payments company’s results compared to what Wall Street analysts expected: Earnings: $2.03 per share vs $2.01 per share forecast by Refinitiv Revenue: $11.365
Month: January 2020
The Hudson River Valley has long attracted city dwellers trying to escape New York. The beautiful region — an 150-mile stretch from the northern tip of Manhattan to Albany — features abundant forests, fertile farmlands and dramatic views of the pristine Hudson River. Hudson Valley is popular in the autumn, but the winter — shown
Intel CEO Robert “Bob” Swan announces the company’s Tiger Lake chips at the technology fair CES. Christoph Dernbach | picture alliance | Getty Images Intel shares jumped as much as 7% in extended trading on Thursday after the chipmaker reported better-than-expected fourth-quarter earnings, extending a rally that’s pushed the stock to its highest since the
Ground operations employees load baggage onto a Southwest Airlines Boeing 737 aircraft on the tarmac at John Wayne Airport (SNA) in Santa Ana, California. Patrick T. Fallon | Bloomberg | Getty Images Southwest Airlines‘ fourth-quarter profit tumbled more than 21% after the grounding of the Boeing 737 Max drove up the Dallas-based carrier’s costs, it
An American Airlines Boeing 777-200 aircraft Nicolas Economou | NurPhoto | Getty Images American Airlines fourth-quarter earnings and revenue came in slightly above analyst estimates, despite complications from the grounding of the Boeing 737 Max. The Fort Worth,Texas-based carrier on Thursday posted net income of $414 million for the last three months of 2019, up
If you happen to hit the next Powerball jackpot, brace yourself for the life-changing decisions ahead of you. With no one matching all six numbers drawn on Wednesday, the top prize has jumped to $373 million for Saturday night’s drawing. And while winning such a huge amount could open a world of possibility, formulating a
A display of Procter & Gamble’s Pampers diapers are seen on sale in Denver. Rick Wilking | Reuters Procter & Gamble on Thursday reported quarterly revenue that fell short of estimates for the first time in five quarters, hurt by a stronger dollar and a struggling baby segment, which includes Pampers diapers. But the consumer
An employee works on the assembly line installing parts on the Duratech 35 V6 engine at the Ford Motor Co. Engine Plant in Lima, Ohio, U.S. on Friday, March 28, 2014. Ty Wright | Bloomberg | Getty Images DETROIT — Ford Motor expects to take a pretax hit of about $2.2 billion in the fourth-quarter
Brian Roberts, chairman and chief executive officer of Comcast Corp. Patrick T. Fallon | Bloomberg | Getty Images Comcast on Thursday reported fourth-quarter earnings that exceeded estimates for the top and bottom lines. Shares of Comcast were up more than 2.2% in premarket trading. Here are the key numbers: Earnings per share: 79 cents vs.
A new study from the University of Pennsylvania’s Wharton School finds that Sen. Bernie Sanders’ proposed wealth tax on the richest Americans will generate $1 trillion to $1.5 trillion less than what the campaign claims. The results, if accurate, could undercut the critical funding needed to support his plans to develop public health care, education
Kanazawa is known as Japan’s “Little Kyoto” for a reason. Up until the late 19th Century, the castle town of Kanazawa flourished under the powerful Maeda clan, who ruled over an ancient province then known as Kaga. Cherry blossom petals fall in Nagamachi samurai district. DavidCallan Today, Kanazawa is a lively modern city with a
Johnson & Johnson headquarters in New Brunswick, N.J. Mel Evans | AP Johnson & Johnson‘s fiscal fourth-quarter profit beat Wall Street’s expectations but missed slightly on revenue, the company said Wednesday. Here’s what the company reported compared with Wall Street estimates, based on a survey of analysts by Refinitiv: Adjusted earnings per share: $1.88 versus
“We have contact,” revealed the ranger to the seven wildlife enthusiasts standing at the foot of Mount Sabyinyo, an extinct volcano in the Rwandan Virunga Mountains. An excited murmur spread through the group as they stood waiting in the morning sun. “Let’s go,” said a porter, as he climbed over the stone fence. The tourists
Shares of Netflix climbed as much as 2.3% in after-hours trading on Tuesday after the company reported fourth-quarter results. The company beat on the top and bottom lines for the quarter, but gave disappointing guidance for the first quarter. Here are the key numbers: Earnings per share: $1.30 per share, however that’s not comparable to
IBM President and CEO Virginia Rometty delivers a speech to participants during the 4th edition of the Viva Technology show at Parc des Expositions Porte de Versailles in Paris on May 16, 2019. Chesnot | Getty Images IBM will release its fourth-quarter earnings statement after market close on Tuesday. Here’s what the street expects: Earnings:
U.S. oilfield services firm Halliburton on Tuesday disclosed a $2.2 billion charge to earnings as weakening North American shale activity continued to hit the industry. The charge for asset impairments was centered on hydraulic fracturing and legacy drilling equipment units, as well as workforce reductions, the company said. It dismissed 8% of its North American
A security guard show the way to a man outside of the Davos Congress Centre under snow ahead of the opening of the World Economic Forum (WEF) annual meeting, in Davos, eastern Switzerland. FABRICE COFFRINI | AFP | Getty Images It’s that time of the year again: Policymakers, politicians, bankers, activists, journalists and a swathe
From the moment they decided to open a distillery in Australia’s Yarra Valley, the co-founders of Four Pillars Gin — Stu Gregor, Cam MacKenzie and Matt Jones — knew it was serious business. “When we started, we didn’t want to make the best gin in Melbourne,” said Gregor, “but one that would be considered a
Thomas Trutschel | Photothek | Getty Images The world’s 2,153 billionaires have more wealth between them than a combined 4.6 billion people, new research has claimed. In a study published Monday, international charity Oxfam called on governments to implement policies that may help to reduce wealth inequality. The report comes as delegates gather in Davos,
A man runs past the New York Stock Exchange (NYSE). Bloomberg There already have been six new all-time highs for stocks in the 12 trading days of 2020, putting the S&P 500 up close to 3% since the year started. After a 2019 in which the equity index gained over 30%, is it too much
A rare British coin featuring the profile of abdicated King Edward VIII has sold for a record £1 million ($1.3 million). The coin was created following Edward VIII’s ascension to the throne in January 1936, but was never released to the public after he gave up the throne to marry American divorcee Wallis Simpson. The
This year, the IRS will let you slide on a penalty if you didn’t have health insurance in 2019. Your home state, on the other hand, may not be so forgiving. The 2019 tax year marks the first time that filers won’t be required to carry qualifying health-care coverage under the Affordable Care Act. As
The Bank of New York Mellon on Wall Street, New York. Scott Mlyn | CNBC Bank of New York Mellon missed analysts’ estimates for quarterly profit on Thursday, as the world’s largest custodian bank earned less from its interest-earning assets due to rate cuts by the Federal Reserve. Big U.S. banks that reported results earlier
James Gorman David A. Grogan | CNBC Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: 99 cents a share, 24% higher than a year earlier, according to Refinitiv Revenue: $9.72 billion, 14% higher than a year earlier Wealth management: $4.39 billion, according to
If you hit the $296 million Powerball jackpot in Wednesday night’s drawing, remember that good ol’ Uncle Sam will be celebrating alongside you. The top prize has been climbing for more than two months through twice-weekly drawings with no one matching all six numbers. And while the odds are stacked against snagging the jackpot —
Goldman Sachs on Wednesday beat analysts’ estimates for revenue, but quarterly profit was marred by a $1.1 billion litigation charge. The New York-based bank posted quarterly revenue of $9.96 billion, a 23% increase and more than $1 billion higher than the $8.51 billion expected by analysts. But quarterly profit was stung by the litigation charge,
You might have the know-how to strengthen your finances, yet odds are you’re still making bad decisions with your money. Three out of 4 people consider themselves to be financially savvy, although more than half have admitted to making poor money choices in the past year, according to a survey from KeyBank. The bank polled
Laurence “Larry” Fink, chairman and chief executive officer of BlackRock. Chris Goodney | Bloomberg | Getty Images BlackRock, the world’s largest asset manager, beat analysts’ estimates for quarterly profit on Wednesday, helped by strong flows into its exchange-traded fund business that boosted overall assets under management to a record $7.43 trillion. A rally in global
“Jeopardy” contestant Ken Jennings visits the Build Series to discuss the television event “JEOPARDY! The Greatest of All Time” at Build Studio on January 06, 2020 in New York City. Gary Gershoff | Getty Images It’s official, Ken Jennings is the greatest “Jeopardy!” contestant of all time. He won the third match in the “Greatest
If you waited more than a month for the IRS to process your tax return and get a refund last year, you’re in good company. While the IRS prevented $2.7 billion in refunds from being issued to fraudsters between Jan. 1 and Sept. 30, 2019, more than a few legitimate tax returns were held up