Airplanes and Panamax cargo ships redefined the parcel service in the 20th century, but those days may be fading quickly. Morgan Stanley believes the SpaceX plan for the Big Falcon Rocket as a reusable mode of Earth transportation could change the game for United Parcel Services and FedEx. “The freight transportation business — especially parcel
0 Comments
The bank also said, however, its fixed-income trading revenue fell 22 percent on a year-over-year basis. Third-quarter fixed-income revenue totaled $2.152 billion versus $2.646 billion in the year-earlier period. Bank of America said the slowdown was “driven by less favorable market conditions across credit-related products, as well as lower volatility in rates products.” “This slowly
0 Comments
CNBC’s Jim Cramer is hoping to see strategic changes made at Procter & Gamble after the consumer foods giant narrowly won a proxy fight with activist investor Nelson Peltz. “Why not expect some change?” the “Mad Money” host said. “Nearly half the shareholders who voted agreed with Peltz that Procter is too insular and not
0 Comments
Kevin Lamarque | Reuters Senator Rand Paul (R-KY) and U.S. President Donald Trump listen to remarks before signing an executive order making it easier for Americans to buy bare-bones health insurance plans and circumvent Obamacare rules at the White House in Washington, U.S., October 12, 2017. Americans are watching the health-care debate play out in
0 Comments
Daniel Acker | Bloomberg | Getty Images An employee removes a pizza from the oven at a Domino’s Pizza restaurant in Rantoul, Illinois. Shares of Dominos fell 5 percent Thursday after the company beat earnings but disappointed some optimistic investors who were hoping for even better growth. Even though the company reported 8.4 percent domestic
0 Comments
The total value of all bitcoins in existence (roughly 16.6 million) stands at about $86 billion. Add in the other few hundred cryptocurrencies and it’s a $155 billion market. Yet these new assets comprise just a fraction of the world’s multitrillion currency market. And as a new asset with a smaller pool of investors, cryptocurrencies
0 Comments
After back-to-back storms pummeled Texas, Florida and Puerto Rico, many people upped their charitable contributions for 2017. Now it’s time to reap the tax benefit. Daniel Borochoff, president of CharityWatch.org, predicts donations could surpass last year’s record high, driven primarily by overall economic growth, although the recent disasters will also play a role. “The giving
0 Comments
Health insurance is a very big topic for the 30-something clientele Roberge at Beyond Your Hammock serves. The questions he asks include: Have the premiums or coverage changed? Should you switch to a high-deductible plan? If you use a health savings account, does the company contribute to it, too? Roberge finds that clients often don’t
0 Comments
Domino’s, the biggest U.S. pizza delivery chain, reported a better-than-expected quarterly profit on Thursday as the company benefited from higher demand in the United States. Same-store sales at company-owned outlets in the United States, Domino’s biggest source of store revenue, jumped 8.4 percent in the third quarter ended Sept. 10. This was above the 6.6
0 Comments
Citi reported a 3 percent year-over-year increase in global consumer banking revenue. In North America, retail banking revenue rose 12 percent, excluding mortgages. Citi cited “continued growth in loans and assets under management,” as well as higher interest rates. The bank’s international consumer business saw an 8 percent revenue increase, driven by higher loans and
0 Comments
China’s new digital barons are rising. One of its most ambitious global deal makers is falling. And a property mogul who likes to borrow heavily is on top. Xu Jiayin — an entrepreneur behind China Evergrande Group, one of the country’s most aggressive property developers — has become the country’s richest person, according to a
0 Comments
Since Sports Authority went bankrupt in 2016, CNBC’s Jim Cramer has watched the sports retail and athletic wear cohort endure widespread weakness. Just this year, Nike shares have inched up less than 1 percent, Columbia Sportswear’s shares are up about 4 percent and Under Armour shares have shed 43 percent of their value. At first,
0 Comments
Investors’ exuberance can’t last forever, but what has surprised Cramer most has been the lack of “over-fishing” in any one stock. “Some are game fish like Nvidia, hitting an all-time high on autonomous driving chips. Some are the bottom fishers: Intel, AMD, Kroger. Some are brick-and-mortar retailers that typically rally for a few days, then
0 Comments
Check out the companies making headlines after the bell: Herbalife‘s stock rose about 1 percent in extended trading after an SEC filing showed that investor Carl Icahn boosted his stake in the company to 26 percent. In March, he reported a stake of about 24.5 percent. Juniper Networks‘s shares fell more than 2 percent after
0 Comments
Netflix, slated to report Monday after the bell, will report earnings per share of 33 cents, a penny higher than the Street’s consensus estimate, according to Estimize. And Netflix has a history of beating the Street, topping Street expectations 79 percent of the time, according to Estimize. MKM Partners analyst Rob Sanderson expects strong quarterly
0 Comments
You’re better off renting with a roommate than buying your first home alone in cities such as San Jose and San Francisco, California, and Austin, Texas, according to a recent report by online real estate site, Trulia. When conducting their analysis, Trulia assumed buyers would be taking on a 30-year fixed rate loan, front a
0 Comments
General Motors is “well positioned” as a future mobility leader thanks to its extensive autonomous vehicle research and production, UBS research said. UBS reiterated its buy rating on the company’s shares and raised its price target, citing GM’s leadership in developing automotive technology through its AV unit as well as opportunities in the ride-hailing business.
0 Comments