Shoppers arrive at a Home Depot Inc. store in Louisville, Kentucky, U.S., on Monday, Feb. 25, 2019. Luke Sharrett | Bloomberg | Getty Images Home Depot reported quarterly earnings that outpaced analysts’ expectations but sales fell short. Shares of Home Depot were down more than 5% in premarket trading. Here’s what the company reported compared
Month: November 2019
Robinhood co-founder and co-CEO Vlad Tenev speaks onstage during the TechCrunch Disrupt New York event on May 10, 2016. Noam Galai | Getty Images for TechCrunch Financial technology start-up Robinhood is gearing up to launch its commission-free stock trading app in the U.K. The Menlo Park, California-based firm said Wednesday that it was opening a
The top 1% of taxpayers would likely avoid about $5 trillion in taxes over the next decade unless the IRS improves its enforcement, according to a new analysis. A research paper by Lawrence Summers, the former Treasury Secretary, and finance professor Natasha Sarin found that lax enforcement by the Internal Revenue Service has led to
NYU Stern professor Aswath Damodaran, known as the “Dean of Valuation” for his company analyses, says that Aramco more or less valued their IPO correctly, but that he still wouldn’t invest because of the inherent limited upside as well as the political risk that surrounds the world’s largest oil company. Valuing the company from three
Many Americans are feeling pretty good about their financial future, at least over the next year. In the latest CNBC Invest in You survey, 43% said they think they and their families will be better off financially a year from now. Of those polled, 42% said their situation will be the same, and 13% said
When an aging parent is diagnosed with dementia of any kind, it can be devastating and confusing to the family. For some, there is denial:”it’s not that bad, I don’t see anything wrong with her, and let’s just let things stay the same for now.” For others, there is overreacting and trying to push the
Are you wondering if you should convert your retirement account to a Roth by the end of the year? After all, there’s no income limit on IRA conversions and many employers are now allowing employees to convert their company retirement plan balances to Roth while they’re still working there. At first glance, it may sound
Bedroom in 50 West StreetEasy via Time Equities Inc. Longing for a master bedroom? A hideaway big enough for a king-sized bed, with a private bathroom and maybe even a walk-in closet. Many dream of a home where there is one such sanctuary, let alone two. But as builders work to accommodate the needs of
LOS ANGELES – Audi on Tuesday unveiled the all-electric e-tron Sportback with tech-savvy features such as camera-based “side mirrors” and a new dynamic lighting system. There’s a problem though. The two new technologies are illegal in the U.S. due to what some consider to be outdated safety regulations from the National Highway Traffic Safety Administration.
Source: Medtronic Medical device maker Medtronic reported a 22.3% jump in quarterly profit on Tuesday, buoyed by higher sales in its surgical instruments and restorative therapies businesses. Net income attributable to the company rose to $1.36 billion, or $1.01 per share, in the second quarter ended Oct. 25, from $1.12 billion, or 82 cents per
A shopper exits an Urban Outfitters store in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Urban Outfitters tanked more than 15% during extended trading after the retailer reported a third-quarter earnings miss on the top and bottom line. The company posted earnings
Former U.S. Treasury Secretary Larry Summers bashed presidential candidate Sen. Elizabeth Warren‘s tax proposals on Tuesday, arguing they go too far and could ultimately hurt the American economy. “I don’t think that taxation approaching confiscatory is remotely feasible and, if it was tried, would have catastrophic economic consequences,” the former economic advisor to Barack Obama said
Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images News | Getty Images Investors may be just too comfortable picking individual stocks, and ignoring the macro risks that could derail the rally and broadly hit all of the market’s stocks. Citigroup strategists, in a note,
Marc Romanelli | Blend Images | Getty Images Procrastination comes at a steep cost for older savers who want to hold off on taking mandated withdrawals from their retirement accounts. If you turned 70½ this year or you’re older, you’re on the hook for a required minimum distribution out of your individual retirement account and
Share to facebook Share to twitter Share to linkedin The Social Security Administration published an online form today for seniors to report they have been contacted by persons fraudulently claiming the scammers work for the agency. . . “I am deeply troubled that our country has not been able to stop these crooks from deceiving
Share to facebook Share to twitter Share to linkedin Yet another business leader speaks out against Warren. Bryan Bedder/Getty Topline: A week after accusing Senator Elizabeth Warren of “tribalism,” former Goldman Sachs CEO Lloyd Blankfein again blasted the Democratic 2020 candidate for her war on billionaires, denouncing politicians like her for moving away from “populism”
The agents I most admire here (and there are many) are those who have dedicated themselves to … [+] breaking down these barriers. AdobeStock_182825319 This past weekend Newsday published a thorough and well-documented article detailing multiple cases of apparent housing discrimination by real estate agents in Suffolk and Nassau Counties on Long Island. The degree
A woman shops for jewellery at a Kohl’s department store in Alhambra, California. Frederic J. Brown | AFP | Getty Images The sharp selloff of retail stocks Tuesday sends a powerful signal: Investors are worried that the deep discounts that battered Kohl’s latest earnings report will be repeated as more retailers report in the coming
Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s earnings and sales for the latest quarter fell short of analysts’ estimates, the company reported on Tuesday. It also cut its profit outlook for the full year. Its shares tumbled more than
Traders wear “DOW 28,000” hats on the floor of the New York Stock Exchange (NYSE) on November 15, 2019 in New York City. As trade talks with China show some progress, the Dow Jones Industrial Average rose 222 points to close above 28, 000 for a new record. Spencer Platt | Getty Images Negative trade
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