Amazon‘s third-quarter earnings fell short of street expectations on Thursday, driving its stock down as much as 9% in after hours trading. It also gave dismal revenue guidance for the holiday shopping season, spooking investors who were expecting a huge pay off from Amazon’s growing investments across the company. Here’s what the company reported versus
Month: October 2019
Robinhood COO Gretchen Howard Source: Colson Griffith Photography. (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) It was early January — just one month after stock-trading start-up Robinhood announced a failed checking and savings product. It was also Gretchen Howard’s first
Tim Cook presents at the Apple launch event in Cupertino, Calif on Sept. 10th, 2019. Source: Apple (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) Here are the best analyst calls on Wall Street this week: Morgan Stanley- Apple, Overweight rating
If you’re going to make Medicare coverage changes that include dropping or buying a supplemental plan — aka, Medigap — make sure you know the rules that come along with it. Medicare’s annual open enrollment period — now underway through Dec. 7 — allows you to switch various parts of your coverage for next year.
Getty You know the old expression, “Everybody talks about the weather, but nobody does anything about it.” I sometimes feel that way about the high cost of health care. But Dr. Marty Makary, author of the new book about America’s health care system — The Price We Pay — is someone who’s actually doing something
Getty There are almost 75 million Baby Boomers—those born between 1946 and 1964—in the U.S. today. Approximately 10,000 of them retire each day. That’s a lot of potential people taking required minimum distributions (RMDs) who may not need them. After age 70 ½, an RMD must be withdrawn from your traditional IRAs and 401(k)s each
Camilo Lopez for Sotheby’s International Realty If you’re going to buy a New York City penthouse, you may as well get the one with the private rooftop pool. An three-bedroom condo at the top of the 17-story 240 Park Ave. South in the Flatiron district of Manhattan is on the market for $30 million. It’s
CNBC’s Jim Cramer on Friday said the slate of earnings reports he saw this week gave him a positive feeling about the week ahead. He breaks down what quarterly reports he’ll have his eye on. The “Mad Money” host also sits down with American Airlines CEO Doug Parker to find out how the company is
A driver for Brewers Distributing Co., loads a hand truck with Anheuser-Busch beer during a delivery at Hole In The Wall Saloon in Pekin, Illinois. Daniel Acker | Bloomberg | Getty Images Shares in Anheuser-Busch InBev tumbled 10% on Friday after the world’s largest brewer lowered profit growth forecasts for this year after drinkers in
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC October’s employment report is expected to show job growth of just 90,000 workers, due to the impact of the strike at General Motors on the company’s payroll and those of its suppliers.
Dara Khosrowshahi, CEO of Uber Technologies, speaks during an Economic Club of Washington event in Washington, DC, June 11, 2019. Saul Loeb | AFP | Getty Images Here are the biggest calls on Wall Street on Friday: Guggenheim initiated Uber as ‘buy’ Guggenheim said Uber has an underappreciated pricing leverage, among other factors. “1) We
Erica Yungen Ostergren, 51, admits to a very casual password system: an old school catalogue envelope with cross-outs and coffee rings. Source: Erica Yungen Ostergren Erica Yungen Ostergren keeps important financial information, such as website passwords and logins, in one handy place. “Hilariously, it is all on the back of a yellow envelope that I
Getty We’re in the midst of Medicare’s annual Open Enrollment season, which runs from October 15 through December 7. The decisions made during Open Enrollment are some of the key retirement financial decisions. Surveys show that even the affluent worry that retirement medical expenses will dissipate their wealth. Making shrewd decisions about Medicare coverage is
NORFOLK, VA – OCTOBER 18: Democratic Presidential Candidate Sen. Elizabeth Warren (D-MA) speaks … [+] during a town hall event. (Photo by Zach Gibson/Getty Images) Getty Images Democratic presidential hopeful Elizabeth Warren says she’ll disclose her plan to pay for universal, public health care within the “next few weeks.” But finding the $32 trillion she’ll need
CANYON COUNTRY, CA – OCTOBER 24: A hinge burns on Baker Canyon at Husk Ave from theTick Fire in … [+] Canyon Country, Thursday, October 24, 2019. (Photo by Hans Gutknecht/MediaNews Group/Los Angeles Daily News via Getty Images) Photo by Hans Gutknecht, Los Angeles Daily News/SCNG If you turn on the news today, you will
The world of financial services isn’t as gender-inclusive as it should be, and Wall Street insider Sallie Krawcheck is trying to change that. The former Citigroup CFO is trying to catalyze a change with Ellevest, a digital investing and wealth management company that she co-founded. It was No. 45 this year on CNBC’s Disruptor 50
Verizon Communications beat Wall Street estimates for third-quarter profit and revenue on Friday, as it signed up more phone customers who pay a monthly bill. The company added 615,000 postpaid customers, above analysts’ estimates of 527,000 subscribers, according to research firm FactSet. The results come as the largest U.S. wireless carrier by subscribers prepares to
Citigroup could double its stock price in the next three to four years, Wells Fargo analyst Mike Mayo told CNBC on Friday. It’s hardly a guarantee, Mayo said, but if the nation’s third-largest bank gets a few things straightened out, it’s possible. “As long as Citi moves in the right direction, gets the higher returns
Sen. Elizabeth Warren, who has been surging in Democratic presidential polls, has been softening her attacks on the rich and could win the White House, a billionaire investment titan and major Democratic donor told CNBC on Thursday. “I think she’s pivoting. I think she could win the election because she’s smart, she’s witty and she
Grim as it may be, backup-generator maker Generac Holdings is soaring as power cuts in California become the norm. The stock opened at a new all-time high on Friday, and is up 85% for the year. This week PG&E announced another large-scale preemptive power cut for hundreds of thousands of customers in California. PG&E is
- « Previous Page
- 1
- …
- 5
- 6
- 7
- 8
- 9
- 10
- Next Page »