Check out the companies making headlines before the bell: General Electric – GE beat estimates with adjusted quarterly profit of 16 cents per share, 5 cents a share above estimates, with revenue also beating forecasts. CEO John Flannery said GE is seeing signs of progress in its performance, with aviation, health care, and transportation all
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Actor Kate Hudson is not only a success in Hollywood, she’s now a trailblazer in business too. Having co-founded Fabletics in 2013, Hudson’s athleisure brand is already a sporting phenomenon with more than 1.2 million people having signed up to its business model worldwide. Diversifying your career, however, is not always an easy task, but
Semiconductor stocks like Nvidia, Applied Materials and Micron were synonymous with stellar gains last year amid strong demand and the cryptocurrency frenzy. Lately, it seems like the tide has turned for the once-high-flying names, and some market watchers are forecasting further downside. The entire space was slammed on Thursday, posting its largest single-day drop since
Christopher Goodney | Bloomberg | Getty Images Darius Adamczyk, chief executive officer of Honeywell International Inc. Honeywell reported a higher-than-expected profit for the first quarter on Friday and lifted its full-year earnings forecast for the second time this year, citing higher sales in its aerospace business. Industrial conglomerate Honeywell, which makes everything from jet engines
Todd Gordon of TradingAnalysis.com says one classic market trend could be pointing to a short-term drop for stocks. Gordon points to the Elliott Wave Theory, which posits that stocks and indexes generally travel in a successive series of five up and down moves. On a chart of the S&P-tracking ETF (SPY), Gordon points out that
The Federal Reserve is sure to hike interest rates again this year, but the key question is how many times. One market watcher says investors could look in an unusual place for a clue. Crude oil prices are a leading indicator in evaluating whether inflation is getting too hot and the Fed is ready to
Kirk McKoy | Los Angeles Times | Getty Images An oil rigger at a Schlumberger field prepares pipes in Midland, Texas. The world’s largest oilfield services provider Schlumberger reported an 88 percent rise in quarterly profit on Friday as rising crude oil prices encouraged its North American clients to ramp up spending. Net profit attributable
“We think execution was sub-par for about three years leading into 2017 and has improved under the return of its co-founder as CEO [Jack Dorsey],” the note stated. “Despite this lengthy execution gap and hefty competition for user time and attention, the company has maintained its position as the go-to source for what’s happening in
Jamie McDonald | Getty Images Sport | Getty Images Ali Al Habsi of Wigan Athletic fouls to save a goal during the Barclays Premier League match between Norwich City and Wigan Athletic at Carrow Road on March 11, 2012 in Norwich, England. According to data compiled by Deloitte’s Sports Business Group, they generated a combined
General Electric reported first-quarter earnings Friday that outpaced Wall Street expectations and reaffirmed its financial outlook for the year. Shares of GE rose as high as 7 percent in early trading, before sliding to trade 3 percent up on the day. Earnings in the latest period were fueled by strong performance by the company’s aviation,
Activist investor Jana Partners disclosed a 9.1 percent stake in Pinnacle Foods on Thursday and said it would seek talks with the company on a range of subjects including a possible sale of the packaged foods maker. Jana, in a regulatory filing, also said it would have talks with Pinnacle about the composition of its
Ericsson, which competes with Huawei, Nokia and ZTE, said it expected the Chinese market to decline further due to reduced 4G investments, but that its momentum was positive in its biggest market, North America. Chief Financial Officer Carl Mellander told Reuters following the report the company had gained market share in Europe and North America.
Olivia Harris | Reuters Authorities around the world, including the United States, Switzerland and Singapore have looked into anti-money laundering breaches relating to 1MDB. The financial scandal — one of the world’s biggest — has rocked Malaysian politics and involves players as diverse as Goldman Sachs and Hollywood. The state of 1MDB’s finances has been
Like many in the industry, Weber said he doesn’t think a full-fledged trade war will happen as a result of the ongoing dispute between the U.S. and China. But, he added that it’s time to reassess Beijing’s role in the World Trade Organization, especially given projections that China will one day become the world’s largest
Social media can be a welcome distraction from the daily grind of the office, but it can also be a useful tool for advancing your career — if you know how to use it. That doesn’t just mean listing your resume on LinkedIn and or liking the same interests as your boss on Facebook. These
Sorghum tends to be a cheaper feed alternative to corn, but Beijing’s action effectively shut the door to American producers. In fact, American sorghum destined for China is now in limbo. “Our global staff is now focused on finding homes for the substantial amount of U.S. sorghum that is in transit to China now or
Adam Dell grew up in Houston, the son of a dentist and a stockbroker. His older brother Michael was a big deal in computing. After a career in venture capital brought him some fame and fortune of his own, he had a child with Padma Lakshmi, a model and movie star. Now he is settling
However, he points out that the SEC’s proposals do not create a uniform standard that both brokers and investment advisors would have to adhere to. Instead, it would add requirements to the suitability standard that fall short of the fiduciary mandate imposed on investment advisors. Broadly, these are the SEC’s proposals: 1. “Regulation Best Interest”
The group has rallied sharply since an early-February dip. The PowerShares DB Commodity Index Tracking exchange-traded fund is up about 9 percent since then and some 16 percent over the past 12 months. The CRB Commodity Index has risen similarly and is at a peak not seen since late-2014. Commodity booms bring bigger returns for
And he’s not alone, 85 percent of student loan borrowers say difficulty in saving has delayed their ability to buy a house, according to the Realtors association. “It’s challenging with student loans to be able to put together $40,000,” said Grant Simmons, vice president of search marketing for Homes.com. (The median home price in America
When sexual harassment allegations against Hollywood film producer Harvey Weinstein came to light, the #MeToo movement took off — and its reach has been far and wide. Still, it’s not exactly taking off in the office, according to one study. Although 90 percent of companies have a sexual harassment policy in place, more than 1
First-quarter sales growth at Nestle and Unilever was driven almost entirely by shifting more goods, in a stark illustration of how hard it is for consumer products makers to raise prices in a competitive retail environment. Multinational makers of everything from soup to soap are under pressure to boost revenues as consumers flock to fresher
Ethan Miller | Getty Images Steve Mollenkopf, CEO of Qualcomm Qualcomm slid more than 4 percent Thursday after the company announced layoffs and said it would be withdrawing and refiling a merger application with Chinese authorities regarding a tie-up with Dutch semiconductor company NXP. Sources tell CNBC that Qualcomm is “very concerned” with the fate
Pier 1 Imports‘ stock plummeted more than 20 percent Thursday morning after the company reported sales that missed analysts’ expectations, also ceasing its dividend payouts. The home furnishings retailer said halting its dividend payments to investors “will enable the company to allocate greater resources toward implementing its three-year strategic plan to drive sales and earnings
When planning for health-care costs in retirement, it pays to factor in a particular worst-case scenario: An earlier-than-anticipated workforce exit. A new analysis from Fidelity Investments estimates that a healthy, 65-year-old couple retiring this year will need $280,000 to cover their health care costs in retirement. For individuals, the projection is $133,000 for a man
Bank of New York Mellon reported a better-than-expected first-quarter profit on Thursday, as surging equity markets and a weaker dollar helped drive double-digit growth in its assets servicing and management businesses. Shares of the world’s largest custodian bank rose 3.3 percent at $54 in premarket trading. Asset servicing revenue surged 13 percent to $1.52 billion,
While April 19 is the national Tax Freedom Day this year, there’s huge variance when any individual will reach that point. Generally speaking, the more you earn, the longer you work into the year before getting there. Where you live makes a difference, as well. For instance, in Louisiana and Alaska (which tied for first),
Check out the companies making headlines before the bell: Procter & Gamble – Procter & Gamble earned an adjusted $1 per share for its third quarter, 2 cents a share above estimates. Revenue also exceeded forecasts. Its beauty and homecare businesses were among the units that did well during the quarter. Separately, the consumer products
TSMC is the world’s largest semiconductor foundry company, manufacturing chips for leading technology firms including Apple and Nvidia. Morgan Stanley said Apple’s iPhone was a big reason for TSMC’s poor guidance. “Smartphone semi weakness [is] the main reason for the revenue shortfall,” analyst Charlie Chan wrote in a note to clients Thursday. “Beside the order
High-testosterone managers “trade more frequently, have a stronger preference for lottery-like stocks and are more likely to succumb to the disposition effect,” the report said, referring to the tendency of investors to sell assets at higher prices and holding onto those that have dropped in value. The researchers also found that hedge-fund investors — specifically,
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