Shoppers pass a J.C. Penney store in New York. Scott Mlyn | CNBC J.C. Penney reported a narrower-than-expected loss for its latest quarter, sending its shares higher Friday morning. Its stock, which closed Thursday at $1.10, jumped more than 11% in premarket trading on the news. Here’s how Penney did for the quarter ended Nov.
A significant portion of sales during this year’s Singles Day shopping event in China came from spending on credit, according to estimates from analysts. While it’s common to use a credit card to shop in the U.S., China has been known for its high savings rate and preference for paying only with funds at hand.
Frequent travelers now have a whole new way to view loyalty points — thanks to a growing trend in loyalty program: hard-to-replicate, bucket-list experiences. From red carpet access and backstage passes to cooking classes with Michelin-starred chefs, there’s an entire realm of VIP travel opportunities designed around the new “experience economy.” Fueled by public interest
Berkshire Hathaway owned 1.2 million shares of furniture retailer RH, formerly known as Restoration Hardware, at the end of the third quarter, according to a filing with the Securities and Exchange Commission. Shares of RH surged more than 6% in premarket trading on Friday. The stock has rallied 41% this year. Warren Buffett’s conglomerate also
When Andy Roddick was at the height of his tennis career, he knew he had to be smart about his money. So he started building his wealth instead of spending it — and is now a successful real estate investor. His advice to others: Start investing at an early age. “The most powerful thing you
Baby Boomers are facing large scale homelessness, Congress was warned today. “Without serious attention and planning, we will have elderly paupers on our streets and in our parks in large numbers,” Dr. Joanne Lynn, policy analyst for the Program to Improve Elder Care at the Medicare and Medicaid consulting firm Altarum asserted. Her warning came
When the U.S. government sold the income tax to the public in the 1940s, its message obscured the tax’s limited application and coercive nature. It promoted the tax as a mass tax through popular culture, forgoing government officials as promoters. Sen. Elizabeth Warren, D-Mass., has done the opposite in messaging her wealth tax proposal. Getty
Savannah Dhu in central New York is woven into the fabric of the landscape. Select Sotheby’s International Realty Stretched across 3,929 acres in the Finger Lakes region of Central New York is a majestic piece of property that is truly in a world of its own. Known as Savannah Dhu, the property is listed with
CNBC’s Jim Cramer explains why Wall Street has fallen out of love with enterprise-based technology stocks like Cisco and turned to consumer-based ones like Roku. The “Mad Money” host sits down with Viacom CEO Bob Bakish to get insight into the company’s merger with CBS and foray into the streaming war. Later in the show
Online fashion house Farfetch’s CEO Jose Neves and members of the company’s leadership team ring the opening bell to celebrate their IPO at the New York Stock Exchange in New York, September 21, 2018. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Farfetch shares surged 20% during extended trading after
“The American Dream is alive and well,” billionaire GoDaddy founder Bob Parsons told CNBC on Thursday. Parsons, a Vietnam War veteran who was once “dirt poor,” suggested on “Squawk Box” he’s a living example, and said his wealth is self-made, rather than being inherited. “There are billionaires and there are ‘billionaires,'” he said, raising his voice at
A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Free trading is paying off for brokerage firm Charles Schwab. In the same month the firm dropped trading commissions, Schwab added 142,000 new brokerage accounts, 31% more than the number of new
As the stock market heads for all-time highs, some retirement savers are reaping the benefits. The number of Fidelity 401(k) plans with a balance of $1 million or more jumped to a record 200,000 as of Sept. 30, according to a new report by Fidelity, the nation’s largest provider of 401(k) plans. The financial services
An interview with billionaire investor and founder of Duquesne Capital, Stanley Druckenmiller. In this interview, Stanley discusses what indicators he uses to predict if a recession is coming, his are currently on amber and getting close to red. Stanley also talks about his investment process and evaluates a range of investments. ? Books on Stanley
Getty It’s the rage of Europe. Some say it gives them an advantage over America. It may, however, shock you to know the truth behind negative interest rates and the damage they can wreak on “safe” investments. It was the tale of two luncheons. On Tuesday, November 12, 2019, the Economic Club of New York
Share to facebook Share to twitter Share to linkedin The brokerage firm is exploring a bold new play. Getty Topline: As it looks to make up lost revenue from slashing commission fees to zero, brokerage firm TD Ameritrade is reportedly testing different ways it can tap into the sports gambling business, Business Insider first reported.
Belle Meade Plantation is dressed up for the Christmas holiday Courtesy of Nashville Convention & Visitors Corp Everyone loves Nashville for the music, the hot chicken and the vibrant neighborhoods. Students of historic architecture find a lot to love in Music City, too: Nashville is home to a number of house museums well worth the
WASHINGTON – The 50 attorneys general investigating Google are preparing to expand their antitrust probe beyond the company’s advertising business to dive more deeply into its search and Android businesses, people familiar with the matter tell CNBC. The development comes as politicians on both sides of the aisle, including President Donald Trump, increasingly tee off
Tim Cook, CEO of Apple Inc. Adam Jeffery | CNBC Since Apple launched its paid news app, Apple News+, in March and signed on 200,000 subscribers in 48 hours, the company has struggled to add customers, according to people familiar with the matter. Apple promoted the service at the time, telling potential customers that they
Lloyd Blankfein, then chairman and chief executive officer of Goldman Sachs Group Inc., smiles during a discussion at the Goldman Sachs 10,000 Small Businesses Summit in Washington, D.C., U.S., on Tuesday, Feb. 13, 2018. Andrew Harrer | Bloomberg | Getty Images Lloyd Blankfein hit back at Democratic presidential hopeful Elizabeth Warren on Thursday, after she