Evercore ISI Chairman Ed Hyman sees an “insurance” rate cut in July and more to follow as the inverted yield curve is making him “quite uncomfortable.” “I think they are going to ease in July and ease a couple of more times to try and get yield curve positive again and also put some insurance
Alija | Getty Images If you’re a New Yorker who spends half the year in Miami, you’ll have to do more than that to be considered a Floridian. Moving to an income tax-free haven like Florida, Nevada or Texas is a tempting prospect for residents in high-tax states such as New York, New Jersey and
Options traders are flooding into the Magic Kingdom after a bullish call from Morgan Stanley forecasting blockbuster profits from upcoming streaming service Disney+. The note predicts that Disney‘s over-the-top service will boast 130 million or so subscribers by 2024. That would represent prolific year-over-year growth for a streaming platform chasing the current leader, Netflix, which
Getty Images American parents aren’t going all in on the allowance. While many financial experts tout the allowance as an important tool to teach kids about money, a recent survey commissioned by CreditCards.com found that only 40% of children under the age of 18 receive one. “Whether or not to pay an allowance is a
In this May 6, 2012, photo, a woman enters a Wells Fargo bank in New York. Cx Matiash The Great Recession has officially been over for a decade. For many Americans, there’s little reason to celebrate. Many people’s finances haven’t recovered from the recession’s blows, according to a new survey by personal finance website Bankrate.com.
Elon Musk Joe Skipper | Reuters One of Wall Street’s most optimistic Tesla analysts is sticking with his call for the stock to double over the next 12 months, telling clients that recent negative sentiment is “decoupled from reality.” The market fails to understand Tesla’s “technological and cost advantage” and remains on track for solid
When it comes to learning about money, parents have a big influence on their kids. In fact, 65% of U.S. adults learned about saving from their parents, a recent survey by CreditCards.com found. About 45% learned about spending from them, according to the survey, which polled 2,694 adults in the U.S. With Father’s Day just
Just graduated? Take a close look at your digital footprint. Hiring managers often review a candidate’s Facebook and Instagram accounts, not because they want to find reasons to reject someone but for deeper understanding. “It tells so much more than a resume ever could,” said Jennifer Bodner, CEO of Babbit Bodner, a public relations firm
Facebook’s founder and CEO Mark Zuckerberg speaks to participants during the Viva Technologie show at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France. Chesnot | Getty Images RBC Capital Markets believes that Facebook has a “crypto opportunity,” explaining in a note to investors the firm’s high expectation for the tech giant’s coming
A Broadcom chip in an Apple iPhone. Brent Lewin | Bloomberg | Getty Images The financial fallout from the U.S. China trade war is beginning. But a day after after chipmaker Broadcom reported disappointing earnings, Wall Street analysts are urging investors to stay calm. The report sent chip stocks plummeting after the company cut its
Hock Tan, CEO of Broadcom Lucas Jackson | Reuters Broadcom led a plunge in chip stocks Friday after the chipmaker missed revenue expectations and lowered guidance for 2019 citing a “broad-based” slowdown in demand and the U.S. crackdown on Huawei. Broadcom shares lost more than 9% in premarket trading Friday. Skyworks, Xilinx, Micron, Advanced Micro
CNBC’s Jim Cramer said Thursday that the life sciences sector is in “raging bull” mode, especially in the instrument manufacturing market. “The life science stocks have caught fire, and while some of that has to do with a rotation, what’s really going on here is Thermo Fisher and Danaher are both incredibly well-run companies that
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine CEO Jeffrey Gundlach is betting on gold. “I am certainly long gold,” Gundlach said in an investor webcast on Thursday. He added his trade is based on the expectation that the dollar will finish the
Hock Tan, chief executive officer of Broadcom Martin H. Simon | Bloomberg | Getty Images Shares of chipmaker Broadcom fell more than 8% on Thursday after the company reported lower-than-expected revenue for the second quarter of its 2019 fiscal year, which ended on May 5, and cut its revenue guidance. Here are the key numbers
Semiconductor stocks are going to fall as chipmakers start to cut their earnings forecasts for the second half of the year, AlphaOne Capital Partners’ Dan Niles said on Thursday. Niles started shorting semiconductor stocks this week and sold out of all is long semiconductor positions, in which he previously owned Qualcomm and Lumentum Holdings, he told CNBC’s
Democratic presidential candidate Elizabeth Warren gestures as she speaks during a campaign stop at George Mason University in Fairfax, Virginia on May 16, 2019. Mandel Ngan | AFP | Getty Images Democratic presidential candidate Elizabeth Warren isn’t waiting for the election to push forward her proposal to erase the majority of the country’s outstanding student
AleksandarNakic | E+ | Getty Images Your dream of exploring a foreign country doesn’t have to end when your paychecks do. More U.S. retirees are choosing to pack their bags and settle down internationally — and for some, that means stretching their retirement dollars. Leaving the U.S. can open the door to a more affordable
Victorian homes and the downtown skyline in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Depending where you live, staying put in your home for the last two decades could be paying off well. As in really well. While the median nationwide home value is about 90% higher now than it was
Andrew Hetherington | Getty Images If you want to bring your home utility costs down, you may want to double-check your energy efficiency. If your air conditioner isn’t the right size, or your home does not have proper insulation or you still use incandescent lighting, you could be unwittingly ramping up your energy costs. The
An epic new addition to The Wizarding World of Harry Potter, Hagrid’s Magical Creatures Motorbike Adventure allows parkegoers to fly deep into the wilds of the Forbidden Forest, beyond the grounds of Hogwarts castle. Universal Within an hour of opening on Thursday, Universal’s newest Harry Potter ride in Orlando, Florida has a 10-hour wait. Hagrid’s
Truist. That’s the new name for the combined banks SunTrust and BB&T, which are in the process of a “merger of equals.” The two banks will operate as Truist Financial, the companies announced on Wednesday, with a new headquarters in Charlotte, North Carolina. Truist came about through a partnership with consultant Interbrand. The companies said
Lululemon worked up a sweat Thursday, rallying more than 5% after topping quarterly estimates and upping its outlook. But, another athleisure stock is besting Lululemon and the rest of the competition: Under Armour. The workout gear stock has surged 49% this year, tracking for its best annual performance in five years. It’s about to sprint
Billy J. Hensley About this time each year, I expect the predictable articles proclaiming that personal finance education doesn’t work. Pundits point to poor proficiency in financial literacy “tests,” and programs that show minimal change in consumer’s behaviors to support their position. They assert this education is useless, ineffective and a waste of time, and
Gary Friedman, CEO, Restoration Hardware Scott Mlyn | CNBC Shares of RH, formerly known as Restoration Hardware, soared 23% in premarket trading Thursday after the company crushed earnings expectations and raised its full-year outlook as the brand’s turnaround begins to pay off. The furnishing retailer attributed its performance to its strategy of transforming into a
U.S. stock index futures were slightly lower Thursday morning, after President Donald Trump declined to set a deadline on levying tariffs on another $325 billion of Chinese goods. At around 02:50 a.m. ET, Dow futures dipped 38 points, indicating a negative open of more than 37 points. Futures on the S&P and Nasdaq were both
Fintech start-up Revolut launched its app in Australia on Thursday, marking its first expansion outside of Europe. The online banking platform said it would gradually sign up 20,000 Australians already on a waiting list, while new customers will have to wait a little longer. Revolut has grown rapidly since it was founded in 2015, racking
Citizens Financial Group: “Citizens Financial is just too cheap. I’m gonna say that you should buy the stock.” Cimarex Energy: “No. We’re done.” Paysign: “I think we already missed that one.” AMC Networks: “No. We’re not gonna go there. … You know what, buy Viacom … ahead of the CBS meeting, which is coming up
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE). Drew Angerer | Getty Images Check out the companies making headlines after the bell: Shares of fitness clothing company Lululemon rose roughly 4% in extended trading following a strong first-quarter earnings report. The company reported earnings
Howard Marks, Co-Chairman, Oaktree Capital. David A. Grogan | CNBC Billionaire investor and Oaktree Capital Management Co-Chairman Howard Marks is worried to hear investors say “this time it’s different” or openly wonder if the historic bull market and economic success “can only get better forever.” In a 12-page letter sent to Oaktree clients on Wednesday,
The men’s assormtment on the inside of a Lululemon store. Source: Lululemon Lululemon on Wednesday reported first-quarter earnings and sales that outpaced analyst estimates, sending shares up nearly 3% in after-hours trading. Here’s what the retailer reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share:
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