Investors can now boost their capital and support small businesses in one fell swoop by following a new, growing theme in retail: using technology to empower small businesses, CNBC’s Jim Cramer said Wednesday. The idea struck Cramer when he interviewed Shopify Chief Operating Officer Harley Finkelstein on Tuesday. Not only does the company help celebrities
Tilray Inc.: “Tilray’s OK. Big short squeeze. We’ve got two that we like: our favorite is Canopy [Growth]. That’s because they’ve got the $4 bil[lion] from Constellation. And our second one is going to be Cronos [Group]. And we’re going to stick with our two. Those are the ones that brought us here.” Fitbit Inc.:
A bear market could be just the beginning of the pain for most cryptocurrencies, according to one widely followed industry expert. Barry Silbert, CEO and founder of Digital Currency Group and Grayscale Investments, said besides bitcoin the majority of the once blazing hot crypto market will eventually be worthless. “I’m not a believer in the
Florida Sen. Marco Rubio lashed out again Wednesday against Wall Street, vowing to present a bill “soon” that will try to push companies to stop spending so much of their cash on share buybacks. In a tweetstorm that began in late-morning, the former Republican presidential candidate ripped into the culture of shareholder and executive enrichment
Google’s massive footprint is only getting bigger in 2019. CEO Sundar Pichai said in a blog post on Wednesday that the company is building new data centers and offices and expanding several key locations across the U.S., spending $13 billion this year. Pichai outlined the plans, which include opening new data centers in Nevada, Ohio,
Check out the companies making headlines midday Wednesday: Diebold Nixdorf — Shares of the ATM maker surged more than 30 percent after reporting a better-than-expected quarterly revenue and upbeat guidance for 2019. Diebold expects adjusted earnings before interest, taxes, appreciation and amortization to range between $380 million and $420 million, well above a FactSet estimate
As you’re scouting your dream retirement locale abroad, don’t forget to ask about those senior discounts. Retiree discount programs are available, for example, in a number of Central and South American countries. These programs offer senior citizens a range of perks, including affordable health care, reduced costs on travel and lower taxes. There’s a catch
Student loan borrowers would have their monthly bills automatically deducted from their paychecks if a Republican-backed proposal becomes law. Sen. Lamar Alexander, R-Tenn, chairman of the Senate Health, Education, Labor and Pensions Committee, laid out the details of the massive overhaul to the student loan system in a speech earlier this month. The changes could
Virgin Group founder Richard Branson is part of the growing circle of elite business players questioning wealth disparity in the world today. Amid heated debate about whether the rich should be more highly taxed, the billionaire philanthropist weighed in with his own view during the Milken Institute Summit in Abu Dhabi this week. “We have
Seniors lose an estimated $2.9 billion annually from financial exploitation, according to the Senate Special Committee on Aging. Impersonating the IRS was the No. 1 scam targeting seniors in 2018. More than 1,500 seniors across the country contacted the committee’s fraud hotline in 2018; however, Kansas Attorney General Derek Schmidt said in recent testimony that
Dutch paint maker Akzo Nobel on Wednesday posted flat fourth-quarter core earnings of 240 million euros ($272 million), but marginally beat expectations, and said it expected pressure from rising raw material costs to ease in 2019. Analysts polled by Reuters had expected earnings before interest, taxes, depreciation and amortisation (EBITDA) for the three months ended
Alibaba co-founder Joseph Tsai told CNBC on Tuesday that the “structural issue” of the United States’ trade gap with China will reverse itself as the Chinese ramp up imports. The trade deficit will shrink once the Chinese government begins purchasing $40 trillion worth of goods as promised over the next 15 years, he said. Even
LOS ANGELES — In his first state of the state address on Tuesday, California Gov. Gavin Newsom proposed “a new data dividend” that could potentially allow residents to get paid for providing access to their data. “California’s consumers should also be able to share in the wealth that is created from their data,” Newsom said,
The idea that the Federal Reserve has created a bubble in stock prices by pausing its initially hawkish rate hike agenda sounds like “nonsense” to CNBC’s Jim Cramer. “I can’t stress this point enough: When people talk about a Fed-induced bubble, they mean the Fed should be out there tightening aggressively and laying waste to
Check out the companies making headlines after the bell: Shares of Activision Blizzard were volatile in extending trading Tuesday following a mixed fourth-quarter earnings report and weak outlooks for both the first quarter and full year. The stock initially fell 3 percent after the company reported earnings of $1.29 per share on revenues of $2.84
The longest government shutdown in history could not have come at a worse time for the IRS, the National Taxpayer Advocate has told Congress. The IRS was heading into its first filing season under the massive new tax law when the federal government partially closed. Among the changes was the raising of the standard deduction
Florida Republican Sen. Marco Rubio proposes changing the capital gains tax as a way to discourage corporate buybacks, a position that could spook the stock market if other prominent Republicans get behind the idea. The capital gains tax is a new twist on the assault on corporate buybacks, which had been mainly under fire by
It’s one of the great certainties of life: Tax returns are due every April. And one more thing you can count on: Scammers will try to swindle money from unknowing taxpayers. These common schemes tend to increase around tax time. Here are the top things to watch out for as Tax Day approaches. Con artists
The Pentagon’s inspector general filed a notice on Monday that it will began evaluating the Air Force’s certification process for SpaceX’s Falcon 9 and Falcon Heavy rockets. The review will begin this month at the Space and Missile Systems Center in Los Angeles. Addressed to Air Force Secretary Heather Wilson, the memo said the Pentagon
If Congress limits the ability of companies to buy back shares, it would backfire and likely result in more companies taking themselves private through leveraged buyouts, a Wall Street research firm said. “Going private is essentially a 100 percent buyback,” said Brian Reynolds, asset class strategist at Canaccord Genuity. He adds that CEOs are motivated
President Donald Trump said on Tuesday he would consider postponing the March 1 deadline for China tariffs if U.S. and China can reach a trade deal soon. Trump softened his stance on the trade battle with China, saying he’s open to letting the deadline slide, but “would prefer not to.” He also said China “very
Illinois residents looking to save on taxes may want to start by getting estimates on a move to Alaska. At least that’s the recommendation from personal finance website GOBankingRates, which published a study Tuesday that rates the most and least tax-friendly states for the middle class. The study compared total sales tax, property tax and
Under Armour shares initially jumped more than 5 percent on Tuesday after the athletic apparel maker reported better-than-expected fourth-quarter earnings and sales. The sneaker maker earned 9 cents a share on an adjusted basis, topping expectations of 4 cents, based on a poll by Refinitiv. Sales during the quarter were $1.39 billion, again ahead of
U.S. stock index futures were higher Tuesday morning, with market participants hopeful a fresh set of trade talks could help to resolve a dispute between the world’s two largest economies. At around 3:35 a.m. ET, Dow Jones Industrial Average futures rose 154 points, indicating a positive open of more than 141 points. Futures on the
Shares of German payments firm Wirecard have suffered big losses in less than two weeks. The company drew investor attention last year when its market capitalization climbed above that of Deutsche Bank. It also made waves after the firm joined the domestic blue-chip DAX index, ousting Commerzbank. But since Jan. 30, Wirecard’s stock price has
CNBC’s Jim Cramer is not short of macroeconomic worries, but one that he can’t quite get on board with is the worry that another U.S. recession is near. “Listen, I’m worried about many things: I don’t want another government shutdown, a dramatic increase in tariffs, the super-strong dollar that hurts our exports,” he said Monday
Cronos Group Inc.: “It’s … a trading vehicle. So, right now, it’s at the top end of the range. I think it can come back down. Take some off the table tomorrow.” Manitowoc Company Inc.: “It is so cheap. It is so cheap. It just drives me crazy, but we’re in a construction recession, I
Getting more women involved in the U.S. economy could generate a $1.6 trillion boost, S&P Global President and CEO Doug Peterson told CNBC on Monday. “In our research the last couple years, we’ve been looking at what would be the impact on markets if women had a higher participation rate? And we used Norway as
The call to increase taxes on the wealthy has been gaining steam — but that isn’t enough to stop to the growing wealth and income gap in America, Democratic former Sen. Heidi Heitkamp told CNBC on Monday. “How do we close that gap and make America’s economy and capitalism work for everyone, including working people
Check out the companies making headlines after the bell: Shares of Gilead dropped as much as 5 percent after hours after the biotech company released disappointing test results from one of its chronic liver disease drugs. The company said it was “disappointed” the study did not achieve its goal but they “remain committed to advancing
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