Stifel is getting more bullish on AMD shares because of the chipmaker’s rising profit margins and market share gains. The firm raised its price target for Advanced Micro Devices shares by 81 percent, to $38 from $21, citing strong demand for its new products. The updated forecast is 22 percent higher than Wednesday’s closing price.
Student debt continues to grow, albeit more slowly than in previous years. About 66 percent of college students graduated last year carrying debt. On average, they owed $28,650, according to an annual report on student loans by The Institute for College Access & Success. The average debt per graduate rose just 1 percent in 2017
Under Armour said Thursday its restructuring program will now cost more than it previously expected, as it plans to cut about 400 jobs, or about 3 percent of its global workforce, by March. The athletic apparel company known for its compression tees and performance clothing has been struggling as competition heated up, and rivals like
The trade war between the U.S. and China is not a major risk to the stock market, noted economist Mohamed El-Erian told CNBC on Wednesday. In fact, he doesn’t see it expanding into a full-blown, global problem. “All this rhetoric you hear from both sides … it’s about the journey, not destination. The destination, in
Red Hat stock fell as much as 7 percent and then rebounded on Wednesday after the company reported lower revenue than expected for the second quarter of its 2019 fiscal year, which ended on Aug. 31. Executives will discuss the results with analysts on a conference call at 5 p.m. Eastern time. Here are the
A small private equity fund devoted to the growth of the marijuana industry is getting a big boost from its stake in Tilray. Shares of Tilray nearly doubled at one point on Wednesday in volatile trading that included multiple trading halts. But it was the third straight day of gains. On Tuesday, the company said
The biggest business lesson of the last decade is that disruption can change an industry overnight – even collapse it. If you’re not reading the signals to keep pace with evolving customer needs and new technologies, you won’t come out on top. Even for those considered too big to fail. And that is exactly where
Starting Wednesday, all policies underwritten by John Hancock will include Vitality, a behavior-change platform aimed at incentivizing people to live healthier, longer lives. John Hancock, which has been around for 156 years and is owned by Canada’s Manulife Financial, already had some experience with the platform as part of its overall insurance offerings and saw
But Wall Street traders warn Tilray’s valuation is getting too extreme after its stock move. The company has a market value of about $20 billion and trades at nearly 500 times its 2018 estimated sales versus the S&P 500’s 2.2 times sales, according to FactSet. Tilray reported just $17.6 million in sales over the last
Sometimes the best bargains are right in your backyard. During the 2017-2018 school year, the average in-state tuition and fees at a four-year public school was $9,970, according to the College Board. Add room and board, and you’re boosting the all-in cost to $20,770. Not only do you have the benefit of in-state tuition costs,
ATLANTA — The biggest payday in golf is getting bigger. The PGA Tour and FedEx announced major changes Tuesday to the season-long race to the FedExCup starting next season, including the grand prize for the champion being bumped to $15 million from $10 million. The playoffs also will be reduced from four events to three,
You shouldn’t use your house to help pay your monthly bills, but nearly 1 in 6 American homeowners thinks that’s just fine. Those were the findings from a recent survey by Bankrate.com. Earlier this month, the personal finance website took an online poll of 719 homeowners, asking them about using their home equity — the
Jeff Bezos, the founder of Amazon and the world’s wealthiest man, has been publicly agonizing over a vexing problem: what to do with all his money. Last week, more than a year after asking his Twitter followers for philanthropic ideas, Mr. Bezos and his wife, MacKenzie, announced an initial plan. They said they would donate
Wealthier people have access to resources that can help manage credit issues, such financial planners, said Bob Annibale, global director of Citi Community Development and Inclusive Finance. Poor credit leaves people behind: “It’s not part of an inclusive, growing society,” Annibale said. “People need a financial identity.” “If you don’t have a credit card you’re
Veteran investor Jack Ablin is out with a new inflation call. He believes the U.S. is inching closer to an inflationary environment not seen since 1980 due to two chief factors: Federal Reserve policy and the trade war. “We’re starting to see some of it. For example, wage growth [is] trending towards 3 percent, [higher]
Applying for financial aid is about to get easier, the Education Department says. Starting in October, the Free Application for Federal Student Aid (FAFSA) will be available on a new phone app, called myStudentAid. You can use the app on an android or iPhone. Previously, the lengthy form was much easier to fill out from
Check out the companies making headlines before the bell: Tesla — The electric car maker said the Justice Department last month requested documents regarding CEO Elon Musk’s tweets in early August about taking the company private. The New York Times also reported the Securities and Exchange Commission has sent subpoenas to Goldman Sachs and Silver
The new tax code makes a big change to the individual retirement account landscape, according to financial advisor Winnie Sun. People are no longer allowed to go back and recharacterize their individual retirement accounts — if, for example, they realize they paid more taxes than they needed to, she said. “This is critical, because if
AutoNation CEO Mike Jackson will step aside in 2019 after 20 years running the nation’s largest chain of auto dealerships. Jackson will transition from his current role as chairman, CEO and president to executive chairman next year. In that position, he has extended his contract until 2021. AutoNation’s board has hired executive search firm Spencer
Retailers appear to have the odds in their favor this holiday season, with record-low unemployment across the U.S., strong consumer confidence and building sales momentum so far in 2018. “We think most retailers will have a good holiday season if they have a distinctive value proposition,” Rod Sides, vice chairman of Deloitte’s U.S. Retail &
With investors seemingly undecided about how badly trade tensions with China will hit U.S. markets, CNBC’s Jim Cramer wanted to define the issue a bit more for Wall Street. “‘Who has more to lose?’ People keep asking this question about the trade war with China as though we don’t really already know the answer. But
Check out the companies making headlines after the bell: Fitbit Inc stock fell nearly 2 percent during post-trading hours. The stock closed up 6.4 percent, after President Donald Trump announced on Monday that the $200 billion tariff on Chinese goods will avoid smartwatch makers and fitness trackers. Tilray Inc stock rose more than 5 percent
Elon Musk paused. “You mean like me, personally?” Musk asked. “Oh.” The founder and CEO of SpaceX was thinking out loud about whether he would hitch a ride on one of his company’s rockets. SpaceX has flown from milestone to milestone over the past year and is preparing an attempt to put humans in orbit
Square‘s peer-to-peer payment app could start looking way more like your average bank account. The payment company is considering “lots of ideas” like saving products and a way to let customers trade stocks, Square Chief Financial Officer Sarah Friar said at Recode’s annual Code Commerce conference in New York Tuesday. “Anything you do today with
Oliver Contreras | Getty Images News | Getty Images President Donald Trump gestures during the Hispanic Heritage Month Celebration in the East Room of the White House on September 17, 2018 in Washington, DC. President Trump hosted the event to celebrate the heritage month with Hispanic leaders. If those “fantastic fundamentals” slow down, which Paulsen
As trade tensions between the U.S. and China heat up, expect to pay for it at the cash register. “Every time this trade war escalates, the risk to U.S. consumers grows,” Matthew Shay, president and CEO of the National Retail Federation, said in a statement. “With these latest tariffs, many hardworking Americans will soon wonder
When it comes to living the lifestyle they imagined, today’s retirees often have to make some sacrifices. But it doesn’t have to be that way. According to a new report, some of the best places to retire are also the most affordable, which means that it is possible to enjoy your golden years in sunny
Decades ago the problem for individual investors was getting enough information without buying costly subscription services. Thanks to the internet, investors now have access to free, real-time data at the click of a button. The challenge lies in selecting the right information for assessing a specific stock and evaluating it correctly. The process of selecting
An Institutional Investor hall of famer has a message for investors: Don’t turn too cautious. Richard Bernstein, who has spent decades on Wall Street, believes the late-cycle economic environment is creating too much confusion on Wall Street — pushing many investors to make ill-advised decisions. “Late in the cycle makes it sound like the abyss
Try this experiment: Look around your town and think back to what it looked like 10 years ago. Chances are, the stores that line the streets or anchor the malls are different. Circuit City, Linens-n-Things and Radio Shack are all gone. In their place are names like Nordstrom Rack, Saks Off Fifth and Zara. It’s