Month: January 2018

Check out the companies making headlines after the bell Wednesday: Facebook stock fell more than 2 percent after the bell. The social media giant reported fourth quarter earnings and revenue that crushed Wall Street expectations. The company also reported making more money per user than anticipated, as well as a 14 percent increase in usership
0 Comments
Qualcomm beat street estimates across the board for its first quarter earnings on Wednesday. But its stock remained nearly unchanged in after hours as investors are still on wait-and-see mode over external issues affecting the company. Here are the most important numbers: Revenue: $6.04 billion vs. $5.93 billion, as expected, according to Thomson Reuters EPS
0 Comments
In Janet Yellen‘s final meeting as Fed chair, the central bank decided Wednesday against increasing its benchmark interest rate but indicated it expects inflation pressures to heat up as the year moves on. The policymaking Federal Open Market Committee said current conditions indicate that the overnight funds rate should remain anchored at 1.25 to 1.5
0 Comments
Food suppliers US Foods and Sysco have initiated separate lawsuits accusing numerous large poultry suppliers of colluding to manipulate wholesale chicken prices, The Wall Street Journal reported Wednesday. The two companies, which are the largest food suppliers to U.S. restaurants in the country, alleged that the poultry processors, including Tyson Foods, Pilgrim’s Pride and Sanderson
0 Comments
“Those same savings accounts are not covering the full cost of college for most students and their families,” said Robert Franek, The Princeton Review’s editor-in-chief. Families with students in four-year private colleges spent almost $47,000 in 2017-18, up 3.5 percent from the year earlier. At in-state, four-year public colleges, it was more than $20,000, according
0 Comments
First, they are concerned they will run out of money. Second, they are suddenly transformed into spenders of assets, while no longer bringing in additional earnings from a paycheck. Both of these factors can certainly require some adjustment. To help you get there, here are four tips that can help you wisely manage your savings
0 Comments
EPS: $2.89, according to Thomson Reuters Revenue: $24.69 billion, according to Thomson Reuters The end of the year was bumpy for the aerospace giant, which saw Airbus log more jet orders than Boeing in 2017, after a late surge from the European competitor in December. Last week Boeing suffered a defeat when the U.S. International
0 Comments
The economy grew 2.3 percent in 2017, extending a prolonged period of unusually stable growth. And economic forecasters expect somewhat faster growth this year, partly as a result of the $1.5 trillion in tax cuts that went into effect at the beginning of the year. The unemployment rate stood at 4.1 percent in December, and
0 Comments
IROZ GAIZKA | AFP | Getty Images Frenchman Pierre Agnes pictured in his office on October 17, 2014. French coastguards are searching for the chief executive of a leading surfwear company after his boat was discovered washed ashore on a beach in the country’s south-west. Pierre Agnes, CEO of Boardriders, Quiksilver’s parent company, set sail
0 Comments
DoubleLine CEO Jeffrey Gundlach said Tuesday he expects commodities to run higher versus stocks. “While stocks have been doing great, commodities have been doing well, too,” Gundlach said on a webcast. There’s “quite a lot of high octane [gas] in the commodities vs. stocks tank.” Gundlach said in mid-December on CNBC’s “Halftime Report” that his
0 Comments
Brokers will soon have a couple new weapons to battle financial fraud targeting older Americans. First, a rule from securities regulators goes into effect on Feb. 5 that allows brokers to put a temporary hold on a requested account withdrawal if financial exploitation is suspected. “A lot of times advisors haven’t had the ability to
0 Comments
Amazon, Berkshire Hathaway, and JPMorgan Chase on Tuesday announced a partnership to cut health-care costs and improve services for their U.S. employees. The announcement slammed the shares of multiple companies in the health-care sector. The giant companies, which together employ more than 1.1 million workers, will launch an independent operation that’s intended to be free
0 Comments
The drop in health insurance stocks after the landmark partnership announcement by Amazon, Berkshire Hathaway and J.P. Morgan Chase is a buying opportunity, according to one Wall Street firm. The three companies announced a partnershipon Tuesday to devise ways to cut health-care costs and improve services for their 1.1 million employees. The firms will launch
0 Comments