Traders work on the floor of the New York Stock Exchange (NYSE) on February 6, 2018 in New York City. Spencer Platt | Getty Images News | Getty Images Under-the-radar hedge-fund managers beating the market are betting on stocks such as General Electric, Facebook and Biogen this year. The best-performing hedge funds this year and
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A Chinese flag is seen in front of containers at the Yangshan Deep-Water Port, an automated cargo wharf, in Shanghai on April 9, 2018. Johannes Eisele | AFP | Getty Images Even though China’s domestic media is rallying the country’s population with messages of standing firm against American “bullying,” Chinese government-aligned experts are stressing to
A signs stands above the entrance to a Deutsche Bank AG bank branch in Frankfurt, Germany, on Monday, July 4, 2016. Krisztian Bocsi | Bloomberg | Getty Images Deutsche Bank executives met with shareholders Thursday, as the bank’s tumbling share price and growing backlog of scandals place the board firmly in the firing line. The
CNBC’s Jim Cramer continues to suggest that investors should own Apple’s stock and not trade it, even as the company weathers the storm of the prolonged trade war. “You need to strap yourself to the mast if you’re gonna hold onto this one, as we’ve done for my charitable trust,” the “Mad Money” host said
Slowing iPhone demand, trade war headwinds and possible ripple effects from a Huawei battle don’t bode well for Apple, according to a UBS analyst. The Swiss bank cut its 12-month price target on the iPhone maker to $225 — down from a previous $235. Apple closed at $186 Thursday. UBS still has a “buy” rating
A shopper carries a Victoria’s Secret bag while walking on Steinway Street in the Queens, New York. Mark Kauzlarich | Bloomberg | Getty Images Shares of L Brands, the owner of Victoria’s Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and earnings expectations,
Environmentalists protesting outside Amazon’s shareholder meeting Paayal Zaveri | CNBC Amazon‘s annual shareholder meeting on Thursday turned hostile as shareholders demanded change on a number of issues, ranging from renewable energy use to equal pay. Dozens of shareholders, including current employees, joined the meeting in Seattle, presenting their case over 12 different proposals. They included
There has been a great deal of news about the rising cost of college tuition. However, discounts at private colleges and universities are actually on the rise. Private colleges are offering students larger grants relative to tuition prices than ever before, according to a new analysis by the National Association of College and University Business
The booster of SpaceX’s Falcon 9 rocket lands on the company’s barge after launching the Spaceflight SSO-A mission. SpaceX Elon Musk’s SpaceX, in a previously secret lawsuit revealed on Wednesday, challenged the Air Force awarding $2.3 billion in rocket development contracts last year to competitors Blue Origin, Northrop Grumman and United Launch Alliance, which is a
Thomas Dunworth / EyeEm | Getty Images Bay Area tech workers plan to flee San Francisco for the more affordable locale of … New York City. That’s what Wealthfront, an investment management firm that provides robo-advisor services, found when it surveyed nearly 2,700 of its clients who work in the Bay Area at tech companies.
WealthSimple CEO Michael Katchen poses for a photograph inside his former offices at 372 Richmond Street in downtown Toronto on September 18, 2015. Brian B. Bettencourt | Toronto Star | Getty Images Online investment management platform Wealthsimple said Wednesday that it raised 100 million Canadian dollars ($75 million) in a fresh round of funding. The
A man walking past a Huawei P20 smartphone advertisement is reflected in a glass door in front of a Huawei logo, at a shopping mall in Shanghai, China December 6, 2018. Aly Song | Reuters The ban on chipmakers selling to Huawei is having ramifications felt far and wide. Even as the U.S. government decided
Largely thanks to hurried commuters, the U.S. is finally embracing contactless payments, which will likely accelerate the move away from cash in favor of credit, debit and mobile wallets. On May 31, New York City subways and buses will enable riders to tap a contactless bank card or their mobile wallet at some turnstiles to
When celebrity plastic surgeon Raj Kanodia started building his 34,000-square-foot mansion to flip for a profit, his real estate friends gave him a warning. “They said, ‘You’re way out of your league,'” Kanodia recalled. “They told me, ‘You’ll run out of money and you’ll be forced to sell it to service your debts.'” Four years
With no one hitting all the winning numbers in Tuesday night’s Mega Millions drawing, the jackpot has jumped again. Now at $393 million, the top prize has been climbing for more than two months. And while the odds are stacked against players winning — your chance is 1 in about 302 million — the IRS
Paul Bradbury | OJO Images | Getty Images Investing can be stressful. Anyone holding stocks and bonds through the 2008 financial crisis knows that all too well. For the financial advisors who help investors navigate the investment markets, it’s no picnic, either. A recent survey of investors and financial advisors by the Financial Planning Association
Vans sneakers on beach Source: Vans Apparel maker VF Corp forecast full-year revenue and profit below expectations on slowing demand for its popular outdoor wear label North Face and sneaker brand Vans, sending its shares down about 7%. The company wants to better focus on the high-margin brands, and is, therefore, spinning off its less
Elon Musk, chief executive officer of Tesla Inc., arrives at federal court in New York, on Thursday, April 4, 2019. Natan Dvir | Bloomberg | Getty Images Morgan Stanley caused a stir on Tuesday when star auto analyst Adam Jonas put out a “bear case” scenario that envisioned Tesla‘s shares plummeting to just $10. And
San Francisco, California RICOWde | Getty Images Average salaries in San Francisco have risen by 31% since 2018, with the city taking the crown for the highest-paying city in the world this year, according to Deutsche Bank research. In 2019, people in San Francisco can expect to be paid an average of $6,526 per month
Avon Products Scott Eells | Bloomberg | Getty Images Brazilian makeup brand Natura Cosmeticos agreed to buy Avon Products, according to two media reports early on Wednesday. Natura will buy Avon in an all-stock deal that values the U.S. group at more than $2 billion, the Financial Times reported, citing people familiar with the matter.
Lowe‘s shares plummeted 8% before the bell Wednesday after the company posted mixed fiscal first-quarter results and cut its forecast for the year, as higher costs weighed on results. Here’s how the company did, compared with what Wall Street was expecting, according to Refinitiv consensus estimates: Earnings per share: $1.22 adjusted, vs. $1.33 estimated Revenue:
Target shares soared Wednesday after the discount retailer reported fiscal first-quarter earnings and sales that topped analysts’ expectations, as it brought more people to its stores and convinced them to spend more money there. Target’s e-commerce sales also surged 42%, as shoppers increasingly turned to its curbside pickup service for online orders, something Amazon can’t
It’s not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford’s vision for how its autonomous vehicles deliver packages and goods in the future. The robot known as Digit, designed and built by Agility Robotics, walks upright on two legs, goes up and down stairs and can
President Donald Trump waves during joint statements with China’s President Xi Jinping at the Great Hall of the People in Beijing, China, November 9, 2017. Thomas Peter | Reuters U.S. President Donald Trump’s latest tariff increase — and Beijing’s plans to counter them — are hitting U.S. companies in China. Nearly three-fourths, or 74.9%, of almost
CNBC’s Jim Cramer said Tuesday it appears that cannabis companies could be seeing some “meaningful differentiation.” He took a look at the chart patterns of stocks in the sector as interpreted by Tim Collins, a technician and Cramer colleague at RealMoney.com. “The charts, as interpreted by Tim Collins, suggest that GW Pharma and Village Farms
Dressbarn’s owner Ascena Retail Group said Monday its closing all of its roughly 650 stores, as it hopes to stabilize its business. Ascena has built up a portfolio of apparel brands over the past decade through acquisitions, including plus-size retailer Lane Bryant and women’s apparel brand Ann Taylor. But as shopping has shifted online and
Deutsche Bank is standing by its call for a 30% return on the S&P 500 this year, despite increasing global fears over the escalating U.S.-China trade dispute. Binky Chadha — head of asset allocation and chief equity strategist at the firm — told CNBC on Tuesday he is keeping the S&P target at 3,250, which
A customer pushes a shopping cart inside a J.C. Penney Co. store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines midday Tuesday: Micron, Qualcomm, Broadcom – Chip stocks staged a comeback after the U.S. granted a 90-day license for mobile phone companies and internet providers to work
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE), May 6, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images Stock picking is making a comeback as active investors are on pace for one of their best years in a
Once primarily used for financing purchases such as washing machines or winter coats when the economy was floundering, layaway has a whole new look. Now called point-of-sale loans, installment payments are once again shaking up how consumers finance purchases — on everything from sneakers to skin care. “As brick-and-mortar retailers continue to face challenges, many
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