Spotify’s recent acquisition of privately held Gimlet Media and Anchor is the latest example of this investment plan, as Spotify plans to spend up to $500 million in 2019 on podcast production. This move directly positions Spotify against Apple Music who’s the leader in podcast consumption. Additionally, the concept of bundled services is becoming more
admin
Under Texas law, stealing long-distance service worth less than $1,500 is a misdemeanor, punishable by a fine. More than that is a felony, and could result in jail time. It is unclear whether O’Rourke topped that threshold. In any event, the state bars prosecution of the offense for those under 17, as O’Rourke was for
Michael Nagle | Bloomberg | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Jan. 2, 2019. Check out the companies making headlines midday Friday: Broadcom — Shares of the chipmaker jumped more than 9 percent after the company reported better-than-expected earnings. Broadcom posted
David Paul Morris | Bloomberg | Getty Images William ‘Bill’ McGlashan, founder and managing partner of TPG Growth LLC, speaks during a television interview in San Francisco, California. The college admissions scandal that broke earlier this week has put the private equity firm TPG and one of its senior executives in a fight over whether
The electric car has become so popular that it could cost 3 million auto industry jobs in the next three to five years, according to a prominent analyst. Morgan Stanley’s Adam Jonas said in a research note Friday that the auto industry is going to see serious, widespread changes to its labor force. Jonas said
Shares of Boeing rebounded Friday after a report that the plane manufacturer plans to roll out a software upgrade for its 737 Max aircraft in 10 days. The Federal Aviation Administration is expected to sign off on Boeing’s planned changes to its anti-stall software on March 25, a person familiar with the matter told CNBC.
Netflix has rocketed 35 percent higher so far this year, making it one of the best performers in the S&P 500. That rally comes with a big asterisk, though. Much of its gains came in the first two weeks of the year, and since then it has flatlined, rising less than 2 percent since mid-January.
Ten years off the financial crisis bottom, the stock market scored one of its best decades in nearly 140 years. According to Goldman Sachs, the 10-year trailing annual return for the S&P 500 of 15 percent ranks in the 94th percentile of all 10-year periods going all the way back to 1880. The typical 10-year
The far-left policy proposals from freshman firebrand Rep. Alexandria Ocasio-Cortez and some of the candidates seeking the 2020 Democratic presidential nomination are wrong for America, former House Majority Leader Eric Cantor told CNBC on Friday. “I worry as an American about the direction of one of our two major parties going toward socialist,” said Cantor,
“Nearly everyone has engaged in some kind of financial planning, whether they know it or not,” Ramassini said. Wedding planning is a good example. “If you want to have a reception, different elements go into that,” he said, and it all goes toward the prime goal of getting married. “As everyone starts coming together, there
It’s finally here. A glitzy one million square feet of retail space opens at the Hudson Yards development in New York on Friday, promising to offer city dwellers and tourists alike a shopping experience unlike your traditional neighborhood mall. The shops — built by two of the world’s largest real estate developers Related Companies and
Shares of Ulta Beauty rose following the release of the beauty company’s better-than-expected fourth-quarter earnings. Ulta shares were up nearly 4 percent in premarket trading early Friday. The beauty retailer reported earnings per share of $3.61 on revenue of $2.12 billion. Wall Street estimated earnings per share of $3.56 on revenue of $2.11 billion, according
Carvana has been on a hot streak. The stock is up about 7 percent this week, 70 percent in 2019 and 160 percent year-over-year. Still, the online used-car platform is roughly $17 off of its all-time high in September after slipping with the rest of the market in the fourth quarter. Cramer said it was
General Electric will be open about its struggles and the goals it expects to achieve in the company’s turnaround plan, CEO Larry Culp told CNBC Thursday. “I think what we’re gonna try to do, frankly, is to share with people in as transparent a way as we possibly can, what those issues are … and
The dollar stores have been one of the best moves an investor can make this era, Cramer said. Dollar General was one of those stories, until the company projected profits will fall short of Wall Street’s expectations this year, he said. The discount retailer announced it needs to spend more money on its stores to
Check out the companies making headlines after the bell: Shares of Ulta Beauty jumped more than 4 percent in extended trading Thursday following the release of the beauty company’s better-than-expected fourth-quarter earnings. Ulta reported earnings per share of $3.61 on revenues of $2.12 billion. Wall Street estimated earnings per share of $3.56 on revenues of
Waters, who grilled Sloan during a four-hour hearing into Wells Fargo’s consumer abuse issues on Tuesday, has called for his removal before. Other politicians, including Sen. Elizabeth Warren, a Democrat running for president, have also called for Sloan to resign, and Wall Street analysts have speculated that Sloan’s job may be in jeopardy. One bank
For starters, because you only get one shot at this, make sure you know what you’re signing up for if you choose another plan. That includes ensuring that your medications are covered and that your favorite doctors or other providers are in-network. Roberts said that even if you see your doctor listed on a plan’s
Billionaire hedge fund manager Ken Griffin said Amazon‘s decision to pull out of New York City is “heartbreaking,” and the political climate “dramatically” reduced his interest in moving the headquarters of his financial firm to the city, according to a Bloomberg report. “I’m a bit frustrated by the political winds in the city over the
Congressional Democrats have been talking about providing an extension to the April 15 deadline for filing your tax return. The rules under the new Tax Cuts and Jobs Act and the five-week government shutdown earlier this year are good enough reasons for granting some extra time to taxpayers this year. Just don’t count on it.
Your greatest asset when applying for a job might be your social savvy. Four out of 5 employers polled by CareerBuilder say that soft skills, including communication abilities and critical thinking, are equal to or more important than hard skills — or specific technical abilities — when they’re hiring candidates. The employment website polled 1,021
Check out the companies making headlines midday Thursday: General Electric — GE rose 2.8 percent in trading after CEO Larry Culp expressed optimism about the company’s struggling power business bouncing back in 2020 and 2021. While the company’s 2019 outlook was worse than analysts expected, Culp’s first forecast gave shareholders hope that GE’s fortunes have
Anna Moneymaker | Bloomberg | Getty Images Senator Ron Wyden, a Democrat from Oregon and ranking member of the Senate Finance Committee, speaks during a hearing with Robert Lighthizer, U.S. trade representative, not pictured, in Washington, D.C., U.S., on Tuesday, March 12, 2019. The alleged college admissions cheating scam unveiled earlier this week has already
Source: Jason Edwards Jason Edwards and his wife, Amber, and his son, Robbie Jason Edwards, a communications professor at Bridgewater State University in Massachusetts, learned seven years too late that he didn’t qualify for public service loan forgiveness. The Providence, Rhode Island, resident had been paying his debt for that long when the dreadful discovery
The IRS is sitting on $1.4 billion in unclaimed tax refunds, and taxpayers are running out of time to grab their cash. These tax refunds are from 2015, and they belong to about 1.2 million taxpayers who didn’t file a return that year, according to the IRS. In order to claim the money, taxpayers must
Within three decades more than 386,000 homes in coastal areas of the U.S. will be at risk of permanent submersion or regular flooding due to climate change, according to a recent study by real estate website Zillow and nonprofit weather news site Climate Central. About 40 percent of the American population may be affected to
“These consider additional factors about participants and have a more personalized portfolio for each person,” said David Blanchett, head of retirement research for Morningstar Investment Management. Target-date funds, which automatically shift from aggressive to conservative investments as investors move closer to retirement, held about $1.1 trillion in assets at the end of 2018, up from
Luke Sharrett | Bloomberg | Getty Images A Dollar General store in Scottsville, Kentucky. Dollar General forecast 2019 profit below analysts’ expectations on Thursday as the discount retailer ramps up spending on stores to pull in more customers, sending its shares down nearly 6 percent. Dollar General has spent the last year remodeling stores, adding
General Electric told shareholders on Thursday the embattled conglomerate expects 2019 earnings to be below what analysts anticipated as it continues to be plagued by problems in its power business. GE expects 2019 adjusted earnings between 50 cents and 60 cents a share, below the 70 cents a share Wall Street expected in a Refintiv
French retailer Casino, which is battling investor concerns over its high debt, vowed to boost profits and cash flow in its core French market and said it would dispose of additional assets under a three-year strategy plan. Casino, along with domestic peers such as Carrefour and Auchan, faces intense price competition in its home market
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- …
- 281
- Next Page »