According to a story by Maggie Habberman of theNew York Times, our President has decided that he is no longer a New Yorker, but rather a Floridian. I doubt very much that President Trump reads my stuff. Nonetheless, in response to his complaint that the Tax Cuts and Jobs Act was killing him, I wrote
The frequency and intensity of wildfires in Southern California is causing residents to move away … [+] from fire-prone areas and buyers to question purchasing homes in dangerous parts of the state. AFP via Getty Images Four counties in California head the list of places at risk of losing the most housing value due to
An Exxon Mobil station in Cincinnati, Ohio. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Exxon Mobil — Shares of Exxon Mobil climbed more than 2.5% despite the international petroleum giant reporting earnings down 49% in the third quarter. Investors appeared reassured by CEO Darren Woods’s comments
Chevron reported a 36% decline in third-quarter earnings as lower oil and natural gas prices offset an increase in production. Chevron earned $2.6 billion in the third quarter, down from $4 billion a year earlier. Both EPS and revenue missed the Street’s expectations. The stock was about 1% lower in early trading. Chevron said that
Chipotle restaurant workers fill orders for customers in Miami. Getty Images The stronger-than-expected October jobs report and big revisions to prior months shows that the labor market is resilient and that should encourage the Fed to stay on the sidelines. The economy added 128,000 jobs in October, despite the negative impact of 42,000 striking General
Sen. Elizabeth Warren is picking the wrong billionaire in Leon Cooperman as an example of why America needs a wealth tax, CNBC’s Jim Cramer said Friday. Cooperman is the “wrong whipping boy,” said Cramer, praising the Omega Advisors founder — son of a Bronx plumber who became one of Wall Street’s most successful investors —
An employee passes the Google logo. Carsten Koall/Getty Images Democrats and Republicans don’t agree on much these days, but their mutual distrust of big tech stocks poses an underappreciated threat to companies like Google and Facebook, according to Goldman Sachs. And while the Department of Justice and the Federal Trade Commission already announced investigations into
Tereza | Twenty20 As the Federal Reserve cuts rates, it’s a good idea to make sure your savings are still getting the biggest boost possible. The central bank slashed its benchmark short-term interest rate this week by a quarter point for the third time this year. As a result, some banks are pulling back their
Lump-Sum Options present questions that deserve careful consideration. Getty Recent changes by the IRS have perked up interest in companies offering lump-sums to recipients of monthly defined benefit pensions. Most recently, General Electric (GE) announced was freezing its defined benefit plan and would be offering lump-sum options to 100,000 retirees. Lumps-sums are not new: AT&T,
Most multinationals expect that public country-by-country reporting will become a reality within the next few years — even if politicians can’t yet agree on the proposals. Getty In surveys conducted in 2018 and 2019, Deloitte (which has been tracking business reactions to base erosion and profit-shifting initiatives) found that over 75 percent of multinational respondents see public CbC
This is the second installment in an exploratory and investigative series called “How To Do Opportunity Zones Right.” This series will highlight Opportunity Zone projects, investments, collaborations, ideas and important happenings across the country that seek to meet the original intent of the Opportunity Zone legislation. The purpose of the Opportunity Zone legislation is to
A woman works in a Macintosh boot factory in Lin’an, located in the east China province of Zhejiang. Feature China | Barcroft Images | Barcroft Media | Getty Images A private survey showed factory activity in China expanded in October with the Caixin/Markit PMI coming in at 51.7. Analysts polled by Reuters had expected the
Kevin Johnson, CEO, Starbucks Scott Mlyn | CNBC Starbucks will report earnings after the bell Wednesday. The coffee chain’s stock, valued at $100 billion, is up 29% so far this year. Here’s what analysts surveyed by Refinitiv are expecting: Earnings per share: 70 cents expected Revenue: $6.68 billion expected Global same-store sales: 3.95% Investors will be
Metal worker Andy Mattingly operates a siphoning crucible in the pot room at Century Aluminum Company in Hawesville, Kentucky, May 14, 2019. Bryan Woolston | Reuters An update on manufacturing activity Friday could provide a much more useful picture of the economy than the October employment report, which is expected to be unusually weak due
CNBC’s Jim Cramer said Thursday he still believes Apple’s stock is undervalued, even with nearly 60% run higher in 2019, nearly triple the pace of the overall stock market this year. “This is a company that has a multiple that’s way too low given the fact that it’s consistent and China does not seem to
The reporter’s kitchen in November 2017, shortly after she and her husband closed on their first home. Darla Mercado If you think bringing your garish 1960s-era kitchen up to date is just a matter of new paint and appliances, think again. Home renovations modernize your dwelling, potentially make it more energy-efficient and may enhance its
Getty What happens to an Individual Retirement Account when the IRA owner dies? It can be a quick online process: The custodian bank or wirehouse transfers the IRA assets into an inherited IRA that the beneficiary can hold onto for life—or cash out. So why in Donna Aliberti’s case did it take two and a
US President Donald Trump and First Lady Melania Trump at Trump’s Mar-a-Lago resort in Palm Beach, … [+] Florida on April 17, 2018. MANDEL NGAN/AFP via Getty Images In a bold move, President Donald Trump changed his legal domicile from New York to Florida–from his glitzy Trump Tower on Manhattan’s Fifth Avenue to his Mar-a-Lago
View from downtown Evanston Getty Just as their parents flocked to the suburbs, city-loving Millennials are doing the same yet transitioning some areas to “Hipsturbia,” a phrase revealed in the Urban Land Institute’s (ULI) joint report with PwC, Emerging Trends in Real Estate® 2020. The data comes from interviews and surveys of over “2,200 real
CNBC’s Jim Cramer reveals stocks worth buying after Thursday’s market decline. The “Mad Money” host chats with top brass of Columbia Sportswear, Smarties and Eurazeo. He explains why investors shouldn’t stress the new speculations about future interest rate cuts and ramblings about U.S.-China trade uncertainties. Thursday’s pull back is a treat to investors Bristol-Myers Squibb