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As we move farther and farther down the road toward a cashless society, consumers can use credit cards to pay for nearly everything, everywhere these days. But just because you can doesn’t mean you necessarily should, warns credit reporting agency Experian. Outstanding card debt has now hit its highest point ever, surpassing $1 trillion in
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Boeing is pumping out airplanes at a record pace and aims to keep climbing. CEO Dennis Muilenburg told CNBC’s “Squawk on the Street” Thursday that “by the end of the decade” the aerospace and defense giant “will be building more than 900 airplanes a year.” Last year Boeing delivered a record 763 commercial aircraft, which
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Public school superintendents listen up. Abington High School, outside Philadelphia, just got one of its former students, billionaire private equity titan and philanthropist Steve Schwarzman, to donate $25 million. How did the school do it? Schwarzman, co-founder of Blackstone Group, told CNBC on Thursday: “I was asked. That’s always the way something happens.” “It starts
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South Korea appeared to soften its attitude toward cryptocurrencies this week, with one report suggesting that the government is looking at the possibility of a cryptocurrency exchange licensing system. The licensing system could be similar to that of New York’s “BitLicense” system, which provides firms handling virtual currencies a license to operate, according to the
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U.S. oilfield services company Halliburton’s first-quarter earnings will be reduced by 10 cents per share due to delays in deliveries of sand used in fracking, Chief Financial Officer Christopher Weber said on Thursday. Halliburton’s shares fell 2.5 percent after Weber’s comments during a webcast presentation at the Credit Suisse Energy Summit. Shale drillers blast sand
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Investors looking to evaluate potential financial advisors can avail themselves of many lists of sample questions, such as those suggested by the Financial Industry Regulatory Authority, for interviewing practitioners. But just how to interview references, as is frequently suggested, is less clear. What kinds of questions should a reference expect? “Getting a reference from a
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Noah Berger | Bloomberg | Getty Images A woman walks past Salesforce.com signage at the DreamForce Conference in San Francisco, California. Salesforce.com’s “consistently strong” enterprise growth and customer demand will propel shares by more than 20 percent, according to one top Wall Street firm. Jefferies upgraded the enterprise software company’s stock to buy, saying it
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Airbus on Thursday took a new 1.3 billion euro ($1.6 billion) hit on its A400M military transport plane, lifting charges on Europe’s troubled defense project above 8 billion euros and cloudinghigher-than-expected underlying profits. Europe’s largest aerospace group posted adjusted 2017 operating profit of 4.253 billion euros on revenues of 66.767 billion euros and predicted a
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Cisco on Wednesday saw its stock jump 6 percent after the company reported better than expected earnings for its fiscal second quarter, which ended on Jan. 27. Earnings: 63 cents per share, vs. 59 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $11.89 billion, vs. $11.81 billion as expected by analysts,
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“Once the scammer has established trust with the target, they unveil a money problem,” Bernardo said. “They might need money to come visit or they might have a sick relative; it can range.” Other types of Valentine’s Day ruses include phony florists asking for your credit card information or e-cards directing you to suspicious sites,
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U.S. business inventories increased a bit more than expected in December, lifted by solid gains in stocks at manufacturers and wholesalers. The Commerce Department said on Wednesday that business inventories rose 0.4 percent after a similar gain in November. Economists polled by Reuters had forecast inventories, a key component of gross domestic product, rising 0.3
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