Scott Mlyn | CNBC Home Depot on Wednesday forecast fiscal 2020 sales growth below Wall Street expectations, three weeks after the home improvement chain cut its 2019 sales forecast. The company said last month that its One Home Depot strategy, which aims to improve the online and brick-and-mortar businesses, was not yet generating as much
Month: December 2019
Alphabet CEO, Larry Page. Emmanuel Dunand | AFP | GettyImages 2019 is the year of CEO departures. In November, 148 chief executives left their posts, according to business and executive coaching firm Challenger, Gray & Christmas. Only five more CEOs need to depart for 2019 to be the highest year on record, and we already
Colin Anderson | Getty Images A new venture capital firm that will invest in companies that are fundamentally shifting how the energy sector operates said it has raised $250 million for its first fund. San Francisco-based Piva on Wednesday announced in a press release that its sole limited partner is Petronas, Malaysia’s state-owned oil and
PeskyMonkey | iStock | Getty Images The bull market in U.S. stocks rolls on. From the trade war between the U.S. and China and the slowdown in global economic growth, to Britain’s messy exit from the European Union and the potential impeachment of President Trump, nothing has dampened the enthusiasm for stocks. The American economy
By Mark Miller, Next Avenue Contributor Getty If you’ve ever experienced a long wait to get help from the Social Security Administration, the agency has some good news for you: the pace is about to pick up a bit. Repeated cuts to the agency’s administrative budget over the past decade by Congress have forced the
Economic Security Planning, Inc. Today’s column addresses switching from retirement to spousal benefit, from spousal to retirement benefits, the availability of lump sum payments after filing and suspending, qualifying for spousal benefits and whether Social Security benefits can be garnished for back taxes. Larry Kotlikoff is a Professor of Economics at Boston University and the
Downtown Salt Lake City is increasingly becoming a hub for young, tech-savvy workers. Getty Part Two of a two-part series on Utah takes a look at Salt Lake City’s booming economy and key drivers in the economic expansion. Salt Lake City is flourishing in innovation and growth, nurturing an entrepreneurial environment and economic development. The
General Motors unveiled redesigned versions of the Chevrolet Suburban (pictured) and Chevrolet Tahoe on Dec. 10, 2019 in Detroit. Michael Wayland / CNBC DETROIT – General Motors unveiled new versions of its highly-profitable Chevrolet full-size SUVs Tuesday night that are larger, more tech-advanced and offer a wider range of choices for customers. Profits from the
Pedestrians pass a GameStop store in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of GameStop tanked more than 20% during extended trading after the video game retailer reported a large third-quarter earnings miss. GameStop posted a loss of 49 cents per share excluding certain items on
Champion golfer Jack Nicklaus known as ‘The Golden Bear’ wearing his Rolex Day-Date ref. 1803. SOURCE: Jim Mandeville Nicklaus Companies Golf legend Jack Nicklaus’s gold Rolex sold at auction Tuesday evening for $1 million. The Golden Bear’s Rolex, which he wore for over 50 years and during 12 of his majors, sold Tuesday night at
Howard Marks, Co-Chairman, Oaktree Capital David A. Grogan | CNBC Investors should take some risk off the table in 2020 given some of the challenges the market faces, billionaire investor Howard Marks said on Tuesday. “The economic expansion and the bull market are old,” Marks told CNBC’s Wilfred Frost. “Valuations are above average. There’s a
Alistair Berg | DigitalVision | Getty Images It’s officially crunch time for older savers who must take mandated withdrawals from their retirement accounts. Individuals who turned 70½ this year — and those who are older — are responsible for taking required minimum distributions from their individual retirement accounts and from each of their 401(k) plans.
Dad Giving His Son Advice About Retirement Getty What Can Be Better Than An Inheritance? A Personal Matching Program Getting an inheritance can be a good thing – or a bad thing. While Millennials may wish their inheritance will someday pay for their retirement, that may or may not happen. According to a 2018 Charles Schwab Study,
The news that PG&E agreed to a $13.5 billion fire settlement with lawyers for victims means that plaintiffs are a step closer to getting compensated. But there are conditions, including approval from the Bankruptcy Court. Even assuming that court approval comes, there are big mechanics to work out too. Most big settlements of this nature
Getty Feeling priced out of New York City? If you’re looking to buy a home for around $250,000, you may want to trade in your wing tips for cowboy boots. You can get six times more space in Houston for that price than in the Big Apple, according to a new report from PropertyShark. The
Rep. Alexandria Ocasio-Cortez (D-NY) on Capitol Hill in Washington, July 17, 2019. Joshua Roberts | Reuters New York Congresswoman Alexandria Ocasio-Cortez said Tuesday that she plans to vote against Speaker Nancy Pelosi‘s drug pricing plan, urging House Democratic leaders to take a more progressive stand on high health-care costs. “As the bill stands, she plans
Robert De Niro, Al Pacino and Ray Romano star in Martin Scorsese’s “The Irishman.” Netflix Netflix has a history of not publicizing many of its viewership metrics, but the company isn’t shying away from saying how many of its subscribers watched “The Irishman,” the Golden Globe-nominated mobster film. More than 26 million global accounts (26,404,081,
Veteran trader Art Cashin told CNBC on Tuesday that investors are wary of positive U.S.-China trade reports after having been let down in the past. “This market has had its heart broken time and time again,” said Cashin, director of UBS floor operations at the New York Stock Exchange. Stocks have reacted wildly to reports
New York, New York E+ | Getty Images There are three weeks left in the year, and House Democrats are taking a last shot at ending the $10,000 limit on state and local tax deductions. Rep. Thomas Suozzi, D-N.Y, along with Reps. Bill Pascrell, D-N.J., and Mike Thompson, D-Calif., proposed the “Restoring Tax Fairness for
Geri Lavrov | Getty Images Baby boomer business owners, retiring in record numbers, are fueling a dramatic paradigm shift on Main Street, and many are at a crossroads, trying to figure out if they should sell their business or pass it along to a successor. Boomers own 2.34 million small businesses in the United States,
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