General Electric delivered fourth-quarter earnings on Wednesday that topped analyst expectations and gave a better than anticipated cash flow forecast that signaled the troubled conglomerate could be turning around. Shares of GE rose as much as 5% in premarket trading from its previous close of $11.73. “The fourth quarter marked a strong close to the year
Month: January 2020
A trader works on the floor of the New York Stock Exchange. Getty Images Investor anxiety over the coronavirus led to the Dow Jones Industrial Average’s longest losing streak since August, and the market may have more to lose, going by past epidemics. Looking back 20 years, previous epidemics from SARS in 2003 to the
The image of Phuket as a cut-price destination for backpackers and budget-conscious retirees is long out of date. Phuket has now become a favorite vacation destination for the world’s wealthiest individuals, many of them arriving on super-yachts. Yachts are becoming a common sight in Phuket. Asiandelight It started when the Amanpuri resort opened and spearheaded
A trader works on the floor of the New York Stock Exchange. Getty Images Traders and hedge funds who use high-speed methods to gain an advantage in the stock market impose a “tax” on other investors, according to a study released Monday, costing as much as $5 billion per year across global exchanges. The Financial
If you can clear a few hurdles, high health care costs might help lower your 2019 tax bill. The deduction for medical expenses is one of the few tax breaks currently available to individuals, due to tax-law changes in effect from 2018 through 2025 that doubled the standard deduction and eliminated most other write-offs. As
People wearing face masks ride escalators inside Hankou Railway Station on January 22, 2020 in Wuhan, China. A new infectious coronavirus known as “2019-nCoV” was discovered in Wuhan last week. Getty Images This is a live blog. Please check back for updates. All times below in China Standard Time, beginning on Wednesday. 7:27 am: Scientists
Apple CEO Tim Cook greets customers at the grand reopening of Apple’s flagship Apple Fifth Avenue retail store on September 20, 2019 in New York City. Taylor Hill | Getty Images Apple stock is heading into 2020 with a strong rally. Shares are up more than 7% this year and more than 100% since reporting
Customers look at Apple’s new iPhone 11 series smartphones at an Apple retail store at the IFC Mall in Pudong New Area, Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Take a look at the companies making headlines after the bell. Apple – Apple stock rose 2.5% after it reported strong fourth-quarter
A battery start-up that’s backed by iPod inventor and Nest founder Tony Fadell, and which claims to have found a green and scalable way to make lithium-ion batteries more efficient, on Tuesday announced that it raised $18.5 million in its Series A funding round. New Orleans-based Advano is focused on increasing batteries’ energy density by
Kathy Kraninger, director of the Consumer Financial Protection Bureau. Andrew Harrer | Bloomberg | Getty Images The agency created in the wake of the 2008 financial crisis to protect consumers from abuse is being gutted from the inside, according to some consumer advocates and legal experts. A new enforcement policy at the Consumer Financial Protection
A patient is transferred by an ambulance to the Infectious Disease Centre of Princess Margaret Hospital on January 22, 2020 in Hong Kong, China. Anthony Kwan | Getty Images This is a live blog. Check back for updates. 8:03 am: Death toll of coronavirus surpasses 100 The total number of cases of the coronavirus reached
Apple CEO Tim Cook visits an Apple store in Shanghai, China. Aly Song | Reuters Apple is set to report fiscal first-quarter results on Tuesday after the closing bell, and it’s a critical report for the company. Apple’s fiscal first quarter covers the holiday shopping season and is the company’s biggest quarter in terms of
Harley-Davidson motorcycles are offered for sale at a Harley-Davidson dealership. Getty Images Check out the companies making headlines in midday trading. 3M — Shares of 3M fell 5% after the conglomerate missed Wall Street expectations on the top and bottom lines for its fourth-quarter results. 3M reported $1.95 in adjusted earnings per share and $8.111 billion
A customer holds boxes of 3M Co. 8247 R95 particulate respirators at a pharmacy in the Central district of Hong Kong, China, on Thursday, Jan. 23, 2020. Justin Chin | Bloomberg | Getty Images The CEO of industrial giant 3M said Tuesday that the company is increasing production of its respiratory protection products, such as
Hill Street Studios Here’s a head-scratcher: Getting a raise could hurt your standard of living in retirement. That conclusion seems counterintuitive. After all, wouldn’t saving the same percentage of a larger paycheck yield more savings, and therefore a healthier retirement? Not exactly, according to new research published by Morningstar. “Raises — and how we spend
There’s a “bear stampede” in the oil market as a new coronavirus spreads, but that may not be directly comparable to the sell-off in 2003 associated with the outbreak of severe acute respiratory syndrome (SARS), according to an energy analyst. Oil futures slid for a sixth session on Tuesday amid reports of a rising number
An employee works on a Whirlpool washing machine at the company’s operations plant in Clyde, Ohio. Daniel Acker | Bloomberg | Getty Images Take a look at the companies making headlines after the bell. Whirlpool Corporation – Whirlpool stock briefly rose in extended trading on Monday before returning to the closing price of $148.23 after
A father and daughter play with a digital tablet at an Estée Lauder store in Shanghai. SOPA Images | LightRocket | Getty Images The Chinese coronavirus is forcing Wall Street to turn sour on certain stocks. Bank of America downgraded shares of Wynn Resorts to neutral from buy and Oppenheimer downgraded shares of cosmetic company
Jetta Productions Inc Bring out your box of receipts. Tax season begins today. Eager taxpayers can start filing their 2019 tax returns on Monday, Jan. 27. The IRS expects it will receive more than 150 million returns. People with elaborate returns can ask for a six-month extension to file, but they have until April 15
Disinfection workers wearing masks and spray anti-septic solution at the Incheon International Airport on January 27, 2020 in Incheon, South Korea. Chung Sung-Jun | Getty Images A novel coronavirus has now taken the lives of at least 81 people in China and sickened more than 2,800 worldwide, including in the U.S. and Europe, as Chinese
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