Health-care news and the costs associated with it are obviously on everyone’s mind, and for good reason. As health care continues to take up a larger part of the overall economy, structural changes — such as the push toward paying for value, greater emphasis on care management and increased cost sharing with consumers — are
Lennar, the No.2 U.S. homebuilder, reported a higher-than-expected quarterly profit on Tuesday as it sold more homes at higher prices. The shares of the company were up 2.7 percent at $54.25 in light premarket trading. Home orders, a key indicator of future revenue, rose 8.4 percent to 7,610 homes in the third quarter ended Aug.
This article is part of a “Reporter’s Notebook” series, wherein CNBC journalists submit tales and observations from the field. To Elon Musk’s audience, the storied entrepreneur is less of a CEO than he is a rockstar. That’s what I learned after covering an afternoon of events by his companies SpaceX and Tesla in Australia, where
Manhattan apartment sales were the strongest in two years, although prices at the top end continue to come under pressure. Total sales increased 13 percent in the third quarter compared with a year ago, according to a report from Douglas Elliman Real Estate and Miller Samuel Real Estate Appraisers and Consultants. Yet stronger sales were
Finally, as the stock market surges into October, Cramer noticed a dozen unusual stock groups that have been gaining momentum. “Given that we are going into earnings season, it’s rather strange, and, I should add, actually incredibly healthy to see so many stocks from so many sectors running into their quarters,” he said. “Normally I’d
In the immediate wake of the deadliest mass shooting in the U.S., some of Las Vegas’ conference halls and resorts served as makeshift shelters, housing injured concertgoers and distraught residents. But as the day progressed, streets and hotels were reopening, and so far, most events look to be proceeding as planned, but with added precautions.
Check out the companies making headlines after the bell on Monday: Shares of Tesla fell 1.5 percent in extended trading after the company reported disappointing Model 3 delivery figures for the third quarter. Shares of Goldman Sachs edged lower in extended trade, after gaining 1.5 percent in the normal session. Earlier Monday, the company announced
Hold on “FANG” stocks: Bank of American Merrill Lynch just added two more names to the popular simple portfolio after finding multiple stocks that share their tremendous growth potential. You can now call it “FAAANG.” Strategist Savita Subramanian added Broadcom, with its ticker ‘AVGO,’ and Adobe (ADBE) to the popular Wall Street acronym after screening
“My preference would be not to raise rates again until we actually hit 2 percent core PCE inflation on a 12-month basis, unless we have seen a large drop in the headline unemployment rate signaling that we have used up remaining labor market slack, or a surprise increase in inflation expectations,” Kashkari wrote on Medium.com.
A GoFundMe campaign is accepting donations for victims of the mass shooting in Las Vegas Sunday night that claimed the lives of at least 58 people and injured more than 500. Set up by Steve Sisolak, chairman of the Clark County (Nevada) Commission, the campaign already has surpassed its $500,000 goal and continues to accept
The study also showed that most loans come from parents: About 76 percent of men reported borrowing from their parents, compared with 63 percent of women. (Coming in a distant second, at about 10 percent for both sexes: borrowing from a sibling.) Even when it’s your child, experts say, you need to make sure you
A post-divorce settlement budget. Let’s face it, money is usually the one thing most people worry about when getting divorced. Gathering all of your financial information is a key first step. This will help you determine your assets and liabilities. Next, create a budget; this is vital when going through a divorce. Each spouse needs
In 2011, the pair quit their desk jobs in San Francisco. Beaudet had been working as an office manager, Roberts as a photo retoucher. Both were eager for a change. “We wanted to think of something we could love and do together and we decided to start a business,” Beaudet said. But Beaudet and Roberts
How so? First, HSA contributions are tax deductible. Second, money saved in an HSA — up to $3,400 per year for people with an individual health plan and $6,750 for those with a family plan — can grow tax-deferred. This is especially advantageous for younger savers with fewer likely medical expenses and, therefore, potential withdrawals,
Robyn Mancell sold her Southern California, four bedroom home four years ago when her youngest child left. She moved to a cheaper, one bedroom apartment nearby. “There was a lot of upkeep,” the 58-year-old said of her former place. As some empty nesters and retirees decide to downsize, giving up a mortgage for a rental
Antoine Antoniol | Bloomberg | Getty Images An Airbus A320 aircraft, left, and an Airbus A321, right, stand on the tarmac at Roissy Charles de Gaulle airport in Paris, France. An Air France flight from Paris to Los Angeles made an emergency landing in eastern Canada on Saturday after one of its four engines sustained
At the height of the 2007-2009 financial crisis, the S&P 500 Index plummeted as much as 58 percent. It happened in March 2009. “This market at 24 times GAAP earnings, 21 times operating earnings, 100 months into a business expansion with the kind of troubles you have in Washington, central banks [are] going to the
But researchers here also try out new ideas. Looking to build a new system for searching with images instead of words, a team in Bangalore turned to Watson to index 600,000 photos from the world’s top fashion shows and Bollywood movies. Last spring, a major Indian fashion house, Falguni Shane Peacock, tried the tool, which
It’s been a wild couple of weeks for Bass Pro Shops founder Johnny Morris, who just last week completed a $4.5 billion acquisition of rival outdoor retailer Cabela’s. Around the same time, former U.S. presidents Jimmy Carter and George W. Bush, along with a boatload of actors, country western stars and outdoor enthusiasts, helped Morris
The divisions between Uber and its former chief executive, Travis Kalanick, are widening. For the past few weeks, Mr. Kalanick, who had resigned as chief executive in June, kept a low profile. Last month, Uber installed a new chief executive, Dara Khosrowshahi, and the company appeared to be trying to get past a turbulent period
“So far they have not contacted us,” he told The Associated Press. He said he heard they plan to set up a customs point some 15 meters (16 yards) away on the Turkish side and traffic is expected to continue to be allowed to pass the crossing normally. The escalation feeds worries in the United
The latest survey showed input prices continued to rise at a solid clip, with the reading at 68.4 compared with 65.3 in August, benefiting upstream producers such as miners, smelters and oil refiners. Indexes for raw materials prices in the paper, wood processing and furniture, and chemical products manufacturing industries were all above 75.0, said
In his decades of investing, CNBC’s Jim Cramer has never liked the month of September. But this one turned out to be different. The “Mad Money” host expected waves of hedge fund selling, politically-charged stock declines and negative earnings pre-announcements from companies experiencing a summer slowdown. But none of those happened. So, with the market’s
Shares of streaming platform Roku surged after its Thursday initial public offering, so CNBC’s Jim Cramer decided to find out if the company was fit for your portfolio. “Judging by the strength of its IPO, there’s a lot to like here. Roku’s been growing at a solid clip, and [as] the maker of the No.
Many may think that artificial intelligence will eventually make human capabilities obsolete, but CNBC’s Jim Cramer wanted to refine that theory. “I get the sense that when it comes to the power of artificial intelligence, we’re thinking way too small,” the “Mad Money” host said. “We don’t understand that AI might hold the key to
September saw the reflation trade come roaring back, and it’s likely to have legs in the fourth quarter. By “reflation” I mean expansion, as in expanding economies, not necessarily inflation. Bulls are betting that the combination of slow but persistent global growth and prospects for tax cuts in the U.S. will keep the markets at
An announcement on who will lead Federal Reserve in 2018 and beyond could come in the next few weeks, President Donald Trump said Friday. The announcement comes amid reports that the president has interviewed former Fed Governor Kevin Warsh and current Governor Jerome “Jay” Powell in recent days. “We’ve had four meetings for Fed chairman,
The GOP tax reform plan unveiled Wednesday would lead to broad reinvestment in manufacturing, according to a survey of American producers released Friday. “Two-thirds of manufacturers said, specifically, that if we get this tax plan through, they’ll invest in new plants and equipment, and hire new workers,” Jay Timmons, CEO of the National Association of
Equifax‘s board has hired the law firm WilmerHale to do an independent review of the data breach and the company’s response to it and to review early August stock trades by some of its top executives, the company said Friday. An Equifax spokeswoman said the board’s special committee investigating the matter is “conducting a thorough
President Donald Trump apparently is getting more serious about determining who he will pick for the next Federal Reserve chairman. In addition to interviewing former Fed Governor Kevin Warsh this week for the position, Trump also has spoken to Governor Jerome “Jay” Powell in recent days, according to a report Friday afternoon from the Wall