Check out the companies making headlines before the bell: Walgreens – The pharmacy chain operator reported adjusted quarterly profit of $1.02 per share, 6 cents above estimates, with revenue also above forecasts. Walgreens also announced a 2.2% dividend increase. The shares added 2% in premarket trading as of 7:40 a.m. ET. Morgan Stanley – Morgan
Month: October 2020
More than 22 million American jobs were lost in the past six months; stock markets have been up and down; and people are generally anxious about what’s in their bank accounts right now. If you’re lucky enough to have the funds you need despite all the recent economic turbulence, ask yourself one key question, says Bradley T.
James Gorman David A. Grogan | CNBC Morgan Stanley is set to report third-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: $1.28 a share, less than 1% higher than a year earlier, according to Refinitiv. Revenue: $10.64 billion, 6% higher than a year earlierWealth management: $4.45 billion, according to
EmirMemedovski Take a few minutes to review your workplace benefits for next year. Your household finances for 2021 could depend on it. After one of the most difficult and financially stressful years for many Americans, digging back into the details of workplace benefits like health savings accounts, or HSAs, and flexible spending accounts (FSAs) is
With the focus on the upcoming US election, many family-owned businesses may have overlooked how they could be affected by looming state and local budget deficits. A copy of the Legislative Budget Report for 2021, rests at the assigned space for Rep. Randy Boyd, … [+] R-Mantachie, Friday, May 8, 2020, in the House Appropriations
Robert Clark is Founder and Executive Chairman at Clayco, a design-build company with more than 30 years of experience in the industry. getty A number of large businesses have been helping small, minority-owned and women-owned businesses since the beginning of the pandemic. JP Morgan Chase donated $8 million to small businesses to help them avoid economic
PEMBROKE PINES, FLORIDA – OCTOBER 13: Wearing a face mask to reduce the risk posed by the … [+] coronavirus, Democratic presidential nominee Joe Biden delivers remarks about his ‘vision for older Americans’ at Southwest Focal Point Community Center October 13, 2020 in Pembroke Pines, Florida. With three weeks until Election Day, Biden is campaigning
The coronavirus has sparked a revolution in education, pushing schools and institutions online and driving new demand for e-learning apps. One among them is ELSA, an artificial intelligence (AI)-powered language platform designed to help non-native English learners improve their speech and pronunciation via short, app-based lessons. Under the pandemic, the Google-backed company — which uses
A trader walks by the New York Stock Exchange (NYSE) on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images U.S. stock futures were lower on Wednesday night as traders continued to weigh the prospects for
Wealthy families are racing to change their estate plans and pass hundreds of billions of dollars to their kids in the event of a Biden victory in November, according to attorneys and tax advisors to the wealthy. With the odds growing of a Biden win and possible blue wave, millionaire and billionaire families are speeding
Billionaire investor Ron Baron, who says his stake in Tesla has made his firm 10 times its original investment, told CNBC on Wednesday that he expects similar growth from Elon Musk’s space company. “SpaceX I think has a chance to be just as large as Tesla,” Baron said on CNBC’s “Squawk Box.” Baron’s investment firm holds
Prisoners are getting a second chance at receiving the $1,200 stimulus checks the government sent this spring. Judge Phyllis J. Hamilton of the U.S. District Court for the Northern District of California recently ruled that the government should not withhold those checks from people solely because they are incarcerated. There are roughly 1.5 million incarcerated
On the latest episode of Willis Weighs In, Benjamin Willis, contributing editor for Tax Notes Federal, and Victor Fleischer, professor at University of California, Irvine School of Law and former Senate Finance Committee Democratic chief tax counsel, discuss possible post-election tax reform. Here are a few highlights . . . On changing the corporate tax rate Victor
The majority of people who think their home is haunted live in the West. getty If you find yourself living in a house with a spooky vibe, it could be that the home is haunted. For some people, that’s reason enough to put up a for-sale sign and take the money and run. However, a
A caretaker baby boomer daughter talking with her mother in her 80s wearing protective mask getty The covid-19 pandemic has increased the burden on family caregivers and made Americans more insistent than ever on receiving their own care at home, rather than in a long-term care facility. Yet, they are in more denial than before
FDA Senior Advisor Dr. Janet Woodcock joins Meg Tirrell to talk monoclonal antibody treatments, Operation Warp Speed, and how to run better clinical trials. For more exclusive insights from our reporters and speakers, sign up for our Healthy Returns newsletter to get the latest delivered straight to your inbox weekly. And for a front row seat at CNBC Events,
A United Airlines airplane takes off at San Francisco International Airport. Gary Hershorn | Corbis News | Getty Images United Airlines on Wednesday posted a wider-than-expected third quarter loss as the coronavirus pandemic continued to hammer air travel demand, but the carrier trimmed its cash burn. Here’s how United performed compared with what Wall Street
A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S., on Thursday, July 9, 2020. Peter Foley | Bloomberg | Getty Images Check out the companies making headlines midday on Wednesday: Wells Fargo — Wells Fargo shares dropped 5% after the banking giant reported a weaker-than-expected
Bill Gates is a billionaire and a tech icon, so it’s unlikely that the world’s second-wealthiest person will need to interview for a new job anytime soon. However, thanks to two-time NBA MVP Stephen Curry, we now know how Gates would answer a few basic job interview questions, including asking Gates to describe his strengths
Virgin Galactic’s First Spaceflight on Dec. 13, 2018 Source: Virgin Galactic Space tourism venture Virgin Galactic on Wednesday said it remains on track to conduct its next test spaceflight in the coming weeks. “We expect our first spaceflight from Spaceport America to occur later this fall and we are pleased to confirm that we are
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