Darden Restaurants‘ “stellar quarter” of strong sales growth is one of the signs that the U.S. economy is far from a recession, CNBC’s Jim Cramer said Monday. Cramer praised CEO Gene Lee, saying he “has a terrific grasp of what’s going on in the restaurant industry” to bring more guests into its thousands of its
The bond market doubled down on scary warnings Monday, signaling both a possible recession is looming and that the Fed could have to cut interest rates this year to stop it. “People are starting to get fearful,” said Andrew Brenner of National Alliance. “It won’t last for long, but they’re getting fearful about a recession.
At this point, Apple isn’t sweetening the deal with a 0 percent introductory interest rate or balance transfer offers, Rossman said. Rewards-wise, the card is also lackluster, he said. The Apple card grants 2 percent cash back on Apple Pay transactions, 3 percent on direct Apple purchases and 1 percent on purchases with the physical
You’ve probably heard of the FIRE — financial independence, retire early — movement, the trend that’s taken hold among individuals who are mostly in their 20s and 30s. But you probably haven’t heard of the “super savers,” Americans age 45 and older who are putting away at least 20 percent of their income — or
Roku stock jumped more than 6 percent Monday as speculation builds around a potential deal with Apple. Roku’s jump added about $500 million to its market value, making it now worth $7.5 billion. For the last year, Roku’s shares are up 112 percent. Roku CEO Anthony Wood was spotted on Apple’s campus in Cupertino, Calif.
Yale University has rescinded the admission of a student linked to the national college admissions scandal that implicated 50 people, including celebrities, coaches and administrators, in paying and accepting bribes to get students into elite colleges. Thomas Conroy, Yale University spokesman, told CNBC the university “has rescinded the admission of one student as a result
The Chinese government would have taken a tougher stance on trade with the U.S. if it thought Robert Mueller’s investigation was any real risk to Donald Trump‘s presidency, veteran fund manager Mark Mobius told CNBC on Monday. China “probably has done all the numbers and they realize it would be very difficult to impeach the
Inflation could run as high as 2.5 percent before the Federal Reserve would need to raise interest rates again, Chicago Fed President Charles Evans said Monday. Under the measure the central bank uses, inflation hasn’t come close to hitting even the Fed’s 2 percent goal since the economic recovery began in mid-2009. Most recently, the
He is accused of stealing nearly $1 million in investment money from two clients, according to the sheriff’s office. Gaudet also is accused of using client funds intended for insurance policies to instead buy real estate for himself. He operated two business in southern Lousiana: Kris Gaudet Insurance and Financial Services, and Winston Financial. By
Marcus Yam | Los Angeles Times | Getty Images Michael John Ramirez hugs his wife Charlie Ramirez after they recover her keepsake bracelet which held a sentimental value as they recover items from the rubble of their destroyed home, after the Camp fire in Paradise, Calif., on Nov. 15, 2018. Shareholders of Berkshire Hathaway —
The Asia Pacific CEO of Credit Suisse is bullish on Asia’s growth. “I’m very excited about the region … the entrepreneurs are very resilient, the people are resilient — hardworking, and I think that’s the biggest asset that the region has to continue to grow,” Helman Sitohang told CNBC at the Credit Suisse Asian investment
Market jitters have grown recently over increasing signs of slowing economic growth and a possible recession. German manufacturing contracted for the third month in a row, IHS Markit data showed Friday, dragging the yield on the 10-year Bund into negative territory for the first time since October 2016. Early Monday morning, the yield on the
One of Wall Street’s biggest bulls suggests the latest market pullback is no fluke. Federated Investors’ Phil Orlando believes the 2019 rally is increasingly vulnerable to a setback that could reach into the second quarter. Yet, he contends it’s no reason for investors to hunker down. “You’re up about 20 percent from Christmas Eve’s bottom.
Wall Street is scrambling to figure out what the conclusions of special counsel Robert Mueller‘s long-awaited investigation measn for the stock market. While many investment and equity strategists told CNBC that Attorney General William Barr’s letter about Mueller’s report relieves a persistent concern, few had expected a disastrous outcome for President Donald Trump. “No one
Saul Loeb | AFP | Getty Images US President Donald Trump disembarks from Air Force One upon arrival at Akron-Canton Airport in Canton, Ohio, March 20, 2019, as he travels to attend a fundraiser. Stock futures rose on Sunday night after special counsel Robert Mueller‘s long-awaited investigation did not find enough evidence that President Donald
Lucas Jackson | Reuters Levi Strauss & Co. CEO Chip Bergh rings the opening bell on New York Stock Exchange (NYSE) during the company’s IPO in New York, U.S., March 21, 2019. Levi’s “certainly put Hellman & Friedman on the map,” said Marco “Mick” Hellman, Warren’s son, in an interview this week after the IPO.
People have been growing hemp illegally for years. Farmers have kept their operations quiet and developed their own techniques that are all a little different, said Christian Cypher, a senior vice president at Pyxus International who is leading the agriculture company’s cannabis work. “Growing hemp has been more religion than science,” he said. Most hemp
Lucas Jackson | Reuters Levi Strauss & Co. CEO Chip Bergh rings the opening bell on New York Stock Exchange (NYSE) during the company’s IPO in New York, U.S., March 21, 2019. For multiple companies, it’s the moment they’ve been waiting for: The window has opened for them to go public. You’ve probably heard the
Despite the rush of IPO headlines as of late, the process has actually grown less common. Between 2000 and 2018, an average of 110 companies went public each year, compared with more than 300 a year between 1980 and 2000. “It’s a dramatically lower number, even though the economy is much bigger than it was
The Powerball jackpot just won’t quit. After no one hit all winning numbers in Saturday night’s drawing, the top prize has jumped to a whopping $750 million. And while players daydream about what they’d do with such a windfall, they should remember they wouldn’t really end up with the advertised amount. Whether you take the
Prudential, the United Kingdom’s largest insurer, said it finished transferring some operations to Luxembourg about a week ago in preparation of Britain’s impending exit from the European Union. The insurer announced earlier this month that it was transferring 36 billion pounds ($47.58 billion) of assets to Luxembourg, which is to become the company’s hub for
New England Patriots owner Robert Kraft apologized to his family, friends and fans and vowed to regain their confidence and respect in his first public statement since being charged with two counts of soliciting prostitution as part of a human-trafficking probe in South Florida. His statement, below, comes after prosecutors offered Kraft a deal on
Even though recent experimental treatments haven’t produced any new drugs, they still have helped researchers learn more about the brain and the disease, Snyder said. Scientists are starting to understand that a person’s brain starts to change about a decade or so before they’re diagnosed with Alzheimer’s disease. “We are absolutely committed to making sure
Sky-high rents, record-breaking student loan debt and stagnant wages have caused many millennials to delay marriage, children and home buying, studies show. “We not seeing 20-somethings getting married, we are seeing 30-somethings and it’s still just as hard to stay married,” said Peter Walzer, the president of the American Academy of Matrimonial Lawyers, or AAML.
Billion-dollar private companies are stampeding to go public this spring. But fear, not excitement, may be driving the herd. After a slow first quarter for public offerings, denim giant Levi Strauss kicked off its debut this week, with shares popping 31 percent on the New York Stock Exchange. The ride-hailing service Lyft is next up
One way to accomplish this is with a donor-advised fund, which lets you make a charitable contribution and receive an immediate tax break for the full donation, and then recommend grants from the fund to your favorite charities over time. For example, instead of giving $5,000 to charity annually, accelerate the gift by giving $10,000
Joshua Roberts | Reuters An American Airlines Boeing 737 MAX 8 flight from Los Angeles lands at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States in Washington, March 13, 2019. U.S. prosecutors are looking at whether Boeing provided incomplete or misleading
BB&T is only paying SunTrust shareholders about 7 percent more for their shares than what the market thought the firm was worth on Feb. 6, a day before the merger was announced. In the deal world, this is called a premium. And in order to appreciate how strange such a low premium is, one needs
Lyft, the ridesharing company set to hit public markets Friday, will be a good stock to buy in the short term but it has challenges in the long run, CNBC’s Jim Cramer said Friday. “I think Lyft is exactly the kind of stock that can work in this slower growth environment, but you need to
Steve Jennings | TechCrunch | Getty Images Pinterest Co-founder and CEO Ben Silbermann speaks at the TechCrunch Disrupt conference in San Francisco on September 18, 2017. Every day, Pinterest processes and stores tons of food pictures, vacation images and videos using Amazon’s cloud. Now we know how much all of that work costs. In its