Matthias Doering | Bloomberg | Getty Images An Alipay digital payment app logo and smartphone sit on a desktop at the Wirecard AG headquarters in Munich, Germany, on Wednesday, Sept. 5, 2018. Asked whether technology services would be the main business in the future, Jing said, “in the long term, yes,” but Alipay would be
In an uncertain investing environment, CNBC’s Jim Cramer likes to highlight “the best of the best” of the “slowdown plays,” or stocks that do well in a weaker economy. So, on Tuesday, the “Mad Money” host profiled the turnaround at Bausch Health Companies, the drugmaker formerly known as Valeant Pharmaceuticals. Under the leadership of Chairman
The Federal Reserve needs to take note of the economic forces already weighing on the U.S. economy before it plans more rate hikes for 2019, CNBC’s Jim Cramer argued after yet another wild trading session on Wall Street. “It’s important to recognize that the most important inputs … for future inflation are already going lower,
Check out the companies making headlines after the bell: Blue Apron shares dropped as much as 5 percent during the extended session Tuesday after the meal-kit service announced it would take strategic actions to improve its profitability, including a 4 percent reduction of its workforce. Tilray shares dropped over 5 percent after hours when the
Dunkin’ Brands is confident that its new espresso will lure coffee drinkers away from rival Starbucks. “Our espresso is so good, you don’t have to go to Starbucks,” Tony Weisman, chief marketing officer, at Dunkin’, told reporters during the company’s annual media day outside of Boston on Tuesday. While Dunkin’ has no plans to stray
Source: Money Under 30 For younger consumers, convenience rules, and Amazon shares part of the blame for making millennials less sensitive to prices. “We order almost everything via Amazon Prime, with full knowledge that we could get the items cheaper with a bit more effort, but it’s just so easy to order it and expect
There’s a magic number that can complicate your open enrollment process: $120,000. If you earned that much or more in 2018 from a business, the IRS considers you a “highly compensated employee,” or HCE, of that company. (In 2019, the threshold will rise to $125,000.) That HCE designation also automatically applies if you owned more
General Electric will reduce its stake in Baker Hughes to a slight majority position, the company announced Tuesday, bringing in much-needed cash for the embattled industrial conglomerate. The sale of Baker Hughes stock will bring GE’s stake to just over 50 percent in the oil field services company, down from 62.5 percent. With up to
Given that Medicare can seem like a confusing web of options, it’s no wonder that many consumers rely on licensed professionals for help. If you’re among those who turn to an agent or broker, it’s worthwhile making sure the person has evaluated all of your 2019 options during Medicare’s open enrollment period, which ends Dec.
Source: Rianka Dorsainvil/Your Greatest Contribution (Click here for a fuller, more detailed PDF of the 10-step chart.) Eliminate or pay down as much consumer debt, such as credit cards, as possible before taking the leap. This will help you figure out the at least three to six months’ worth of fixed living expenses you need
Bank of America Merrill Lynch lowered the firm’s rating of Best Buy to neutral from buy on slowing growth and risk to key products. “We continue to see [Best Buy] as one of the highest quality hardline names but after several years of outsized growth and likely less opportunity for big beat and raise quarters,
Nvidia’s earnings report — specifically its forecast for the current quarter — is likely to disappoint Wall Street this week, said Susquehanna’s Christopher Rolland, but he’s upgrading the stock anyway. “To be clear, this is not a call on NVIDIA’s quarter … in fact, we think the odds are substantial that management’s guidance will miss
For sellers, auctions give them a chance to sell the property in a fixed time frame. And Concierge’s data-base of over 500,000 potential buyers and sellers and real-estate contacts worldwide gives sellers a bigger buying pool. Bidding on Playa Vista Isle started Monday on ConciergeAuctions.Com and concludes Thursday night. Technically there is no reserve, meaning
Krisztian Bocsi | Bloomberg | Getty Images The Bayer AG logo sits behind silhouetted members of the management board during the company’s annual general meeting in Bonn, Germany, May 25, 2018. Bayer’s adjusted core earnings were flat for the quarter, as better prescription numbers for cardiovascular drug Xarelto were tempered by a weaker animal health
Home Depot is set to report fiscal third-quarter earnings before the bell on Tuesday. Here’s what analysts are expecting, based on a survey by Refinitiv: Earnings per share: $2.26 Revenue: $26.26 billion Same-store sales: up 4.7 percent Home improvement retailers Home Depot and Lowe’s are expected to have benefited this quarter from house price appreciation
China is committed to opening up its insurance sector just as it’s indicated, but it will be on its own time, said Mike Wells, Prudential Group CEO on Tuesday. “Beijing is saying they have a plan for greater opening, and I think like everything in China the time frame is misaligned with U.S. time frames,”
Despite the warnings from the IMF, growth prospects for both oil exporters and oil importers in the MENAP region appear resilient, albeit dented slightly by the recent re-imposition of U.S. sanctions on major oil producer Iran. “Overall, despite a significantly weaker outlook for Iran given the re-imposition of sanctions, oil-exporting countries are projected to grow
Nvidia Corp.: “Yes[, this is a good time to start nibbling on Nvidia]. OK, Nvidia reports on Thursday. I think the quarter is going to be just OK, not great. I think your next quarter is going to have a product gap because they’ve got this Turing chip that is so smart that nobody’s running
Amarin CEO John Thero shrugged off the stock’s decline on Monday, telling CNBC that any investor concerned about its latest clinical trial should take a better look at the data. Shares of the biopharmaceutical company closed down 5.84 percent on Monday after hovering down roughly 7 percent much of the day. “I think as people
David Paul Morris | Bloomberg | Getty Images Pacific Gas & Electric Co. (PG&E) employees work to fix downed power lines burned by wildfires in this aerial photograph taken above Santa Rosa, California, U.S., on Thursday, Oct. 12, 2017. Check out the companies making headlines after the bell: PG&E shares rose as much as 2
Luke Sharrett | Bloomberg | Getty Images An American flag flies near signage displayed on top of the Kellogg plant in Memphis, Tennessee. Kellogg is selling its Keebler, Famous Amos and fruit snacks businesses, making it latest Big Food company to pare down its business to focus on its core. The maker of Special K
If you’re investing your HSA balance, consider how your provider will charge you. Dollar-based fees are kinder to large balances. “Whether it’s $5,000 or $50,000, with a large account balance, you’ll pay more in fees with a fixed expense ratio,” said Acheson. You should also think about the investments available to you. Plans with index
The U.S. Department of Education continues to seek repayment on more than $1 billion in federal student loans from tens of thousands of severely disabled veterans who have been deemed unable to work and are eligible for student loan forgiveness. The news comes out of a Freedom of Information Act request filed by Veterans Education
Goldman Sachs shares slumped the most in two years after Malaysia’s finance minister demanded a full refund of fees it paid the bank tied to a doomed investment fund. The company declined 6.1 percent at 11:43 am in New York trading, leading shares of financial firms lower amid a broad decline in equities. Goldman has
General Electric Chairman and CEO Larry Culp said Monday the industrial conglomerate’s troubled power business is getting close to a bottom. “We are working very hard with the power team to get a better grounding in our reality,” Culp said in an interview with CNBC’s David Faber on “Squawk on the Street.” Asked whether the
Gyrating markets, rising rates and significant market volatility will always create anxiety for investors and leave them with a bad, sinking feeling. Those big swings typically cause investors great concern, no matter the rise or fall. But what is the root of the anxiety? Behavioral science suggests that humans are “uncertainty reduction” machines. That’s one
Not everyone is pursuing financial independence for an early retirement. H.N. (she asked that her initials be used so her employers do not know about her finances) said it’s expensive to be sick. The 29-year-old has multiple disabilities and was diagnosed with an autoimmune disease last summer. “I don’t want to retire,” she said, “but
picture alliance | Getty Images SAP CEO Bill McDermott attends the shareholders’ meeting of the software company in Walldorf, Germany, 12 May 2016. Shares of SAP fell on Monday after the company announced it was buying U.S. survey software maker Qualtrics for $8 billion. The German software giant said Sunday it would acquire Qualtrics in an all-cash
Screenshot | Microsoft live stream Adobe CEO Shantanu Narayen, Microsoft CEO Satya Nadella and SAP CEO Bill McDermott announce the Open Data Initiative at Microsoft’s 2018 Ignite conference in Orlando, Florida. Legacy tech companies have been scooping up smaller cloud and software providers in massive deals throughout 2018. The consolidation comes as older enterprise tech
Daniel Roland | AFP | Getty Images Bill McDermott, CEO of German software giant SAP, addresses the media during the company’s annual financial statement at it’s headquarters in Walldorf near Heidelberg, southern Germany, on January 24, 2017. SAP is acquiring Qualtrics for $8 billion, snapping up the survey software company just before its planned IPO.
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