Mary Smyth | Moment | Getty Images For older adults, perhaps nothing is scarier than the prospect of spending their later years in a nursing home. More than 1 in 2 adults aged 50 and over said that they would rather die than live in a long-term care facility, according to a recent survey from
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Rachel Robasciotti, CEO of Robasciotti & Philipson in San Francisco, attended the conference where Ken Fisher made his comments on Oct. 8. She spoke out against the remarks. Nathan Phillips Billionaire investor Ken Fisher has made headlines for lewd comments at an investment conference earlier this month. For many women in the financial services industry,
A customer rides his bike in front of a Taco Bell restaurant in Novato, California. Justin Sullivan | Getty Images Taco Bell’s parent company Yum Brands reported quarterly earnings on Wednesday that fell short of analysts’ expectations after its GrubHub investment weighed on profits. Yum’s other two chains, Pizza Hut and Yum, also missed Wall
General Electric‘s stock surged Wednesday after the industrial conglomerate raised its 2019 cash flow forecast and reported adjusted third-quarter earnings and revenue that topped analysts’ expectations. On a nonadjusted basis, and including certain accounting charges, GE still lost $9.5 billion in the quarter. GE shares jumped 11.5% on heavy trading volume to close at $10.11
Barbie dolls for sale at a Target store. Scott Mlyn | CNBC Shares of Mattel jumped as much as 20% in extended trading Tuesday after the company posted better-than-expected earnings for the third quarter and announced it would be hiring a new chief financial officer. The company also said auditors had completed their investigation into
UAW members on strike outside a GM plant in Flint Michigan on Sept. 16th, 2019. Michael Wayland | CNBC DETROIT – A 40-day strike by the United Auto Workers union against General Motors cost the automaker about $3.8 billion for the year, significantly higher than previously estimated by Wall Street. After accounting for interest and taxes,
Tim Cook announces iPhone 11. Source: Apple Apple’s earnings on Wednesday will provide some early insight into how the company’s new iPhones are selling as investors watch the forecast for its all-important holiday season. Apple released three iPhone 11 models on Sept. 20. Apple’s fiscal fourth quarter ended on Sept. 30, so Wednesday’s earnings report
kupicoo | E+ | Getty Images The aging army of independent registered investment advisors who have spearheaded the growth of the financial planning profession need to follow their own advice when it comes to their businesses — for their clients’ sake, as well as their own. With the average age of financial advisors somewhere in
General Motors on Tuesday beat Wall Street expectations for the third quarter but lowered its guidance for the year due to the United Auto Workers’ 40-day strike against the automaker. Share prices were up 4.5% in afternoon trading. GM said the cost of the strike is expected to be $3.8 billion to $4 billion for the
A woman walks past a Westpac bank advertisement in central Sydney, Australia. Daniel Munoz | Reuters Mastercard reported third-quarter earnings on Tuesday that beat analysts’ expectations on the top and bottom lines. Shares of Mastercard were up 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on
Pfizer posted third-quarter profit well above analysts’ estimates on higher sales of cancer drug Ibrance and new heart medicine Vyndaqel, encouraging the largest U.S. drugmaker to lift its earnings forecast for the year. Shares of the company rose 3.4% on Tuesday as the results suggested that Chief Executive Officer Albert Bourla’s efforts to slim down
Drugmaker Merck blew past Wall Street expectations for third-quarter profit on Tuesday, as sales of its blockbuster immunotherapy Keytruda crossed the $3-billion mark for the first time in a quarter and beat lofty estimates. Shares of the Kenilworth, New Jersey-based company rose 1.4% to $82.2 in early trading after the drugmaker raised its 2019 profit
Beyond Meat on Monday reported its first quarterly profit and topped analysts’ expectations for its fiscal third-quarter earnings and revenue. Despite the beat, shares of the company tanked as much as 15% in extended trading, before recouping about half of those losses. The stock, which has soared 321% since its initial public offering, closed Monday
Alphabet is tumbling on earnings. The Google parent fell more than 2% after the bell Monday after posting $10.12 in profit for the third quarter, $2.34 less than expected. However, the third FANG name to report remains the best performer this month, rising more than 6% and besting gains in Facebook, Amazon and Netflix. “I
A trading post sports the Spotify logo on the floor of the New York Stock Exchange, Tuesday, April 3, 2018. Richard Drew | AP Spotify Technology delivered a surprise profit and its stock is reaping the benefits. The music streaming company’s shares surged as much as 18% Monday after a better-than-expected rise in premium subscriptions
A pedestrian passes in front of a Walgreens Boots Alliance Inc. store in the Hollywood neighborhood of Los Angeles, California. Christopher Lee | Bloomberg | Getty Images Walgreens Boots Alliance‘s fiscal fourth-quarter profit slid 55% as the company spent more to shutter unprofitable locations and scaled back its tobacco sales. Still, the drop in its
A pedestrian walks past a Tim Hortons restaurant. Ben Nelms | Bloomberg | Getty Images Tim Hortons’ lackluster quarterly performance disappointed Restaurant Brands’ investors on Monday, despite the success of Burger King’s Impossible Whopper and Popeyes’ chicken sandwich. Shares of the company fell 2.6% in morning trading. Here’s what Restaurant Brands reported compared with what
100 years old birthday cake to old woman elderly celebration funny humor MEDITERRANEAN | E+ | Getty Images You can never be too old for a surprise tax bill from the IRS. Whether you’re a business owner or an individual with an elaborate estate, you may use cash value life insurance to solve any complex
Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images The Employees Retirement System of Texas announced on Friday that it would end its relationship with Fisher Investments, yanking $350 million from the asset manager.
Presidential hopeful Elizabeth Warren‘s wealth-tax is not the right idea when it comes to raising government revenue and reducing income inequality in America, billionaire Ron Baron told CNBC on Friday. “I don’t think Elizabeth Warren would be successful … if she were chosen president in getting through the policies that she’s proposing,” Baron, a lifelong
Amazon shares took a major hit after its third-quarter earnings fell short of expectations, but one bright spot was its advertising business, which appears to be picking up speed again. Net sales in Amazon’s “other” category, which primarily represents advertising, was $3.59 billion in the third quarter, up from $2.50 billion in the third quarter
Verizon Communications beat Wall Street estimates for third-quarter profit and revenue on Friday, as it signed up more phone customers who pay a monthly bill. The company added 615,000 postpaid customers, above analysts’ estimates of 527,000 subscribers, according to research firm FactSet. The results come as the largest U.S. wireless carrier by subscribers prepares to
A driver for Brewers Distributing Co., loads a hand truck with Anheuser-Busch beer during a delivery at Hole In The Wall Saloon in Pekin, Illinois. Daniel Acker | Bloomberg | Getty Images Shares in Anheuser-Busch InBev tumbled 10% on Friday after the world’s largest brewer lowered profit growth forecasts for this year after drinkers in
Goldman Sachs has joined the flight of institutional investors from Fisher Investments. The giant investment bank is pulling $234 million from Camas, Washington-based Fisher, according to a source close to the matter. However, the end tally could be even greater, a source told CNBC. Goldman Sachs and Fisher Investments both declined to comment. In all,
The Los Angeles Fire and Police Pension System voted on Thursday to fire Fisher Investments, pulling about $522 million from the money manager. The nine-member board of commissioners voted in favor of terminating the relationship with the Camas, Washington-based firm, following lewd comments Ken Fisher had made at an investment conference on Oct. 8. The
Amazon stock skidded 6% in Friday’s premarket, a day after the e-commerce giant’s third-quarter earnings fell short of Street expectations. In its earnings report, it also gave dismal revenue guidance for the holiday shopping season, spooking investors who were expecting a huge payoff from Amazon’s growing investments across the company. Shares plunged as much as 9% in
Intel Pentium CPU photographed after Intel revealed information about major flow in the chipsets. JP Black | LightRocket | Getty Images Intel stock jumped as much as 8% in extended trading on Thursday after the chipmaker beat third-quarter earnings expectations and reignited revenue growth. Here are the key numbers: Earnings: Excluding certain items, $1.42 per
The rapid pace of technological change provides a breathtaking opportunity to challenge and change the world. We are moving toward a technology space that is swift, connected and digitized. This will not only reshape industries but also the regulatory frameworks around them. With this in mind, regulators must reimagine how they oversee new technology and
Sen. Elizabeth Warren, who has been gaining in Democratic presidential polls, has been softening her attacks on the rich and could win the White House, a billionaire investment titan and major Democratic donor told CNBC on Thursday. “I think she’s pivoting. I think she could win the election because she’s smart, she’s witty and she
PayPal’s break-out quarter sent its stock surging Thursday. PayPal shares were up nearly 8%, a day after the payments company beat Wall Street’s estimates across the board for the third-quarter results. The company reported 61 cents of adjusted earnings per share for the quarter, vs. 52 cents expected by analysts polled by Refinitiv. Revenues also
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