General Motors on Tuesday beat Wall Street expectations for the third quarter but lowered its guidance for the year due to the United Auto Workers’ 40-day strike against the automaker. Share prices were up 4.5% in afternoon trading. GM said the cost of the strike is expected to be $3.8 billion to $4 billion for the
Month: October 2019
Democratic presidential candidate Sen. Elizabeth Warren (D-MA) speaks during a rally in Washington Square Park on September 16, 2019 in New York City. Bauzen | GC Images | Getty Images An Elizabeth Warren presidency would likely be tough on some sectors, but it might not hit stock markets as hard as feared, a Jefferies strategist
Traders work the floor of the New York Stock Exchange. Getty Images This stock market rally to records is starting to look shaky. The S&P 500 refreshed its record again on Tuesday ahead of an expected rate cut from the Federal Reserve, but looking under the hood, investors are increasingly flocking to one of the
By John D. Anderson, Next Avenue Contributor Getty Your second half of life can be invigorated and energized by living out one or more of three opportunities. You can do all three at once, but will benefit most by focusing your energy on one, and enjoying the other two as additional fuel. They are: Pursue
The link between taxation and human rights has always been tenuous. Whatever rights we may have as citizens — or as persons — do not necessarily transpose to our status as taxpayers. Here in the United States, the equal protection clause of the Constitution is a prime example. It was long ago decided the congressional
Share to facebook Share to twitter Share to linkedin It could be a new opportunity for the struggling startup. Artur Widak/NurPhoto via Getty Images Topline: WeWork, which last week accepted a $9.5 billion bailout offer from Japanese conglomerate SoftBank Group, recently trademarked a new professional gaming arm called Play By We, according to an application
CNBC’s Jim Cramer flags that there is a “rude awakening” from Uber and other looming stock lockup expirations coming to Wall Street. The “Mad Money” host sounds the alarm that Wall Street should prevent Chinese companies from going public in U.S. markets. Later in the show he urges viewers to take advantage of Twitter’s pullback
Tim Cook announces iPhone 11. Source: Apple Apple’s earnings on Wednesday will provide some early insight into how the company’s new iPhones are selling as investors watch the forecast for its all-important holiday season. Apple released three iPhone 11 models on Sept. 20. Apple’s fiscal fourth quarter ended on Sept. 30, so Wednesday’s earnings report
A customer browses the Mattel Barbie dolls section of a now closed Toys ‘R’ Us store. Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Mattel spiked more than 12% during extended trading after the company announced that its audit committee completed its independent investigation into
More people could be in danger from rising sea levels than previously thought, a new study says. The report, published on Tuesday by Nature Communications, found that by the end of the century as many as 630 million people could live on land below projected flood levels. This is three times greater than prior estimates.
Move over, pumpkin spice latte. You’re no longer the only budget-crusher in town. Unconscious spending is the next Starbucks-like personal finance cliché, says Chris Kampitsis, a certified financial planner at the Barnum Financial Group in Elmsford, New York. “An overuse or overreliance on subscriptions, everything from Netflix to different delivery services, like monthly boxes, all
Getty Americans increasingly believe that they won’t be able to retire at age 65 and enjoy financial stability in old age. In fact, 1 out of 3 workers recently surveyed by the Employee Benefits Research Institute expect to work until at least age 70 or never retire. Yet those who either want or need to
France became the most recent major taxing authority to introduce a new digital tax when, this past July, lawmakers approved a 3% levy on revenue from digital services earned in France by companies with more than 25 million euros in French revenue and 750 million euros ($838 million) worldwide. With the new law, France joined
Aston Chase launched the first prime build-to-rent scheme in St John’s Wood, Blenheim Terrace. The … [+] five-bedroom townhouses, which span 4,025 sq ft each, are available to let for £5,500 a week. goldlens.co.uk An increasing number of high net worth individuals are opting to rent rather than buy in London, where the luxury residential
Large corporates including McDonald’s, Uber and Johnson & Johnson no longer have chief marketing officers (CMOs) and the role risks becoming outdated next year, according to a new report. The digital age has meant that consumers have more ways of experiencing a company than ever: from the ads they see on their Instagram feed to
UAW members on strike outside a GM plant in Flint Michigan on Sept. 16th, 2019. Michael Wayland | CNBC DETROIT – A 40-day strike by the United Auto Workers union against General Motors cost the automaker about $3.8 billion for the year, significantly higher than previously estimated by Wall Street. After accounting for interest and taxes,
In this photo illustration, packages of Beyond Meat “The Beyond Burger” sit on a table, June 13, 2019 in the Brooklyn borough of New York City. Drew Angerer | Getty Images Check out the companies making headlines in midday trading. GrubHub— Shares of the food delivery company plummeted more than 40% after GrubHub reported disappointing
Sergei Konkov | TASS | Getty Images As Alphabet shares fell after the Google-parent missed Wall Street’s third-quarter earnings expectations, one analyst proposed a solution: Divest YouTube, one of the tech giant’s most valuable assets. “We think GOOGL should spin off part or all of YouTube, which we estimate would be worth $300B on a stand-alone basis,”
kupicoo | E+ | Getty Images The aging army of independent registered investment advisors who have spearheaded the growth of the financial planning profession need to follow their own advice when it comes to their businesses — for their clients’ sake, as well as their own. With the average age of financial advisors somewhere in
If Valentine’s Day is a Hallmark holiday, Halloween was made for Instagram. When it comes to spending, nearly half, or 48%, of millennials said they purchased items strictly for the social media posts, compared to less than a third of those in Generation X, according to a new report from CompareCards by LendingTree. About 4
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