Step aside, Florida. New Mexico is the new top retirement destination. Those were the findings from a survey by United Van Lines. The relocation company polled 26,998 of its customers who moved last year, through Nov. 30, 2018. Among those who moved to New Mexico, 42% said they did so because of retirement, making the
Shares of Netflix were up about 2% on Wednesday after the company reported Q1 revenue, earnings and subscriber numbers that beat Wall Street expectations. The rally added about $4 billion to its market cap, bringing it to about $160 billion. The stock initially took a slight dip of 1% after hours Tuesday after providing light
Federal Reserve Chairman Jerome Powell isn’t the only market player who may be guilty of a little capitulation. Millionaire investors began 2019 with major reservations about the stock market, but as the Federal Reserve‘s abrupt December about-face on interest rates takes hold as the new normal in monetary policy, the wealthy have decided that the
If you’re among the 4.3 million consumers whose car lease ends in 2019, don’t be surprised if going that route holds less appeal this time. With record-high auto prices, higher interest rates and generally weakening residual values on cars, consumers can expect to pay $1,600 more on average for a lease than they did in
Health insurance can get pretty complicated. Typically, the point is to pay some money every month so that when you have an accident or get sick, your medical costs aren’t so expensive that they bankrupt you. Two of the most important terms in health insurance are premiums and deductibles. Your premium is that monthly cost.
Check out the companies making headlines before the bell: Morgan Stanley — Morgan Stanley earned $1.33 per share for the first quarter on an adjusted basis, beating the consensus estimate of $1.17 a share. Revenue also beat forecasts. CEO James Gorman said the firm was able to deliver solid earnings despite a slow start to
It was a tale of two stories for Netflix according to Wall Street analysts. While the company posted first-quarter revenue that beat estimates, it also warned that it expected light second-quarter guidance. Shares of the streaming giant plunged 9 percent in extended hours trading after the report but by Wednesday morning had pared those losses
Morgan Stanley posted profit and revenue that exceeded analysts’ expectations on better-than-expected results in wealth management and fixed-income trading. The bank generated $2.4 billion in first-quarter profit, or $1.39 per share, according to a Wednesday release, compared with the $1.17 estimate of analysts surveyed by Refinitiv. Morgan Stanley’s revenues of $10.3 billion beat the $9.94
PepsiCo on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations. Shares of the company rose less than 1 percent in premarket trading following the announcement. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 97 cents, adjusted, vs. 92
The fossil of a baby T-Rex is being sold on eBay for almost $3 million, sparking outrage among the scientific community. The 68-million years old fossil, reportedly listed by professional fossil hunter Alan Detrich, has a “buy it now” asking price of $2.95 million. The listing, last updated on Tuesday, claims the artefact is “most
Lincoln unveiled a new small sport utility vehicle called the Corsair at the New York International Auto Show on Wednesday, in a bid to keep revitalizing its brand and recreate some of the success it has seen with larger vehicles such as the Navigator. The two-row Corsair continues Lincoln’s strategy of leaning into what it
Goldman Sachs Chief Executive David Solomon said Wednesday that the chances of the U.S. economy soon entering a recession are lower now than they were earlier this year. “I don’t see any data in any way, shape or form that leads me to believe that that chance is accelerating at the moment,” Solomon told CNBC’s
J.B. Hunt Transport Services‘ downbeat earnings call on Monday should put to rest any ideas that the economy is too strong and that the Federal Reserve should tighten interest rates again, CNBC’s Jim Cramer said Tuesday. The trucking and transportation company’s stock sank nearly 5% after missing Wall Street’s expectations and blaming low volume on
It’s expected to be a “sloppy” earnings season but there is one sector that is the best positioned as the first-quarter reporting gets underway, analyst Nick Colas told CNBC on Tuesday. “Technology is honestly the place where you have to look both because of its importance to the market and because you have a wide
United Continental Holdings, the parent company of United Airlines, reported first-quarter earnings Tuesday that beat Wall Street profit expectations but fell shy of revenue estimates as the airline grapples with the prolonged grounding of Boeing’s 737 Max jets. Here’s what the company reported versus what analysts polled by Refinitiv expected: Adjusted earnings per share: $1.15
Early earnings returns from the first quarter are in, and there is a clear warning: higher wage costs, higher raw material costs, and higher transport costs are weighing on earnings. There’s good and bad news as we enter the heart of earnings season. Good news: companies continue to report earnings well above expectations. It’s the
IBM will release first-quarter earnings after market close on Tuesday. Here are the numbers to watch: Earnings: $2.22 per share as expected by analysts, excluding certain items, according to Refinitiv. Revenue: $18.46 billion as expected by analysts, according to Refinitiv. The estimate implies that analysts expect IBM’s revenue to be down 3.2% from the year-ago
Tax season has come and gone — at least for the more than 103 million filers who submitted their returns before April 15. This spring marked the first time taxpayers and their accountants submitted tax returns under the Tax Cuts and Jobs Act. The overhaul of the tax code, which went into effect in 2018,
We all know that low- and middle-income workers generally don’t have enough saved for retirement. Richer folks, it turns out, might be in the same boat. That’s the takeaway from a new study by economists at the Schwartz Center for Economic Policy Analysis at the New School for Social Research. “We always knew the bottom
A college education is likely one of the biggest expenses you’ll face in your lifetime. For many, it also requires going deep into debt. Seven in 10 seniors graduate in the red, owing about $30,000 per borrower, according to the most recent data from the Institute for College Access & Success. And although total student
You’ve probably heard of the Nissan Leaf, Chevrolet Bolt and Tesla Model 3. And most car companies, if they are not selling an electric vehicle, are working on bringing one to market. But consumers in the market for new cars have a right to ask “are we there yet?” when it comes to whether it
When asked what their biggest regret is when it comes to money, participants in the new CNBC and Acorns Invest in You Savings Survey certainly didn’t hold back. From dipping into retirement plan savings to frivolous spending and being too much of an easy touch, here’s a look at some of Americans’ biggest financial fouls
Deutsche Bank raised its rating on Netflix shares to buy from hold on Tuesday as it said the streaming service is becoming “more like a platform every day,” rather than just another app on people’s phones. “Platform status brings network effects not available to peers and competitors. Specifically, this is making Netflix even more of
The rally in global equities may have further to go as more money jumps back into the market, BlackRock CEO Larry Fink said Tuesday. “We have a risk of a melt-up, not a meltdown here. Despite where the markets are in equities, we have not seen money being put to work,” Fink, the head of
Bank of America beat analysts’ estimates for profit as it cut expenses more than expected and posted a 25% surge in earnings at its consumer banking division. The bank said first quarter profit rose 6% to $7.3 billion, or 70 cents a share, according to a Tuesday release, exceeding analysts’ estimate of 66 cents a
BlackRock, the world’s largest asset manager, reported a better-than-expected first-quarter profit and garnered tens of billions of new investor cash as global financial markets rebounded from a volatile fourth quarter. Net income attributable to BlackRock fell to $1.05 billion, or $6.61 per share, in the three months ended March 31, from $1.09 billion, or $6.68
Johnson & Johnson‘s mounting legal costs ate into its first-quarter profits, which dropped 14% as it fights thousands of lawsuits over its talc baby powder and shelled out almost $400 million to settle 25,000 cases over its blockbuster blood thinner Xarelto. Still, the health company on Tuesday reported better-than-expected earnings, and its shares rose 2%.
Major Saudi shopping mall developer Arabian Centres Company is launching an initial public offering that will be the kingdom’s biggest since 2014, when Saudi Arabia’s largest lender, National Commercial Bank, was listed. The IPO, which was approved by Saudi financial regulator, Capital Market Authority, is offering 95,000,000 shares on the Tadawul, the Saudi stock exchange.
Walmart is finally getting into the subscription business for apparel. The retailer on Tuesday announced it’s partnering with Kidbox, a subscription-box company akin to Stitch Fix but focused solely on selling clothes for babies, girls and boys. Now, Walmart shoppers will be able to purchase as many as six different boxes from Walmart.com, curated by
CNBC’s Jim Cramer on Monday suggested that President Donald Trump stop targeting Federal Reserve Chairman Jerome Powell and let the chief carry out his current monetary policy plan. In a tweet on Sunday, Trump doubled down, again, on his criticism of Powell in the wake of the Federal Open Market Committee’s move to raise the
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