A Qualcomm sign is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019. Aly Song | Reuters Check out the companies making headlines after the bell: Qualcomm – The semiconductor company’s stock dropped about 4% in extended trading though the company beat analysts’ estimates on both the top and
Month: February 2020
Signage is displayed at the FirstEnergy Corp. Bruce Mansfield coal-fired power plant in Shippingport, Pennsylvania. Justin Merriman | Bloomberg | Getty Images The best two sectors so far this year are the fast-growing tech sector and stodgy old utilities, continuing an odd race that has been going on for more than 18 months. The utilities
Young female barista has a disappointed expression on her face as she counts her tips at the end of the day. Steve Debenport | E+ | Getty Images When it comes to tipping, most Americans believe they are better than average. But some may be overestimating just how generous they are. A new survey from
A United Airlines passenger aircraft prepares to leave its gate and taxi to the runway at San Francisco International Airport in San Francisco, California. Robert Alexander | Getty Images United Airlines is buying a flight-training academy in an effort to speed up hiring of more than 10,000 pilots by the next decade as about half
General Motors CEO Mary Barra Bill Pugliano | Getty Images DETROIT – General Motors lost $194 million in the fourth-quarter heavily due a 40-day labor strike against the company that cost it four weeks of vehicle production and eroded any profit. The strike, according to the automaker, cost it $2.6 billion in earnings before interest
Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images Check out the companies making headlines in midday trading. Ford — Ford was the biggest loser in the S&P 500 in early trading, with shares plunging more than 9% after the
CNBC’s Jim Cramer said Wednesday he sees why the stock market was headed for a higher open in the first trading session since President Donald Trump‘s State of the Union address. “Previous presidents have not cared about the stock market because they don’t think it’s that big,” Cramer said on “Squawk on the Street.” “But
Research shows that kids who learn to manage money when they’re young will be able to better handle their finances as adults. Yet, up until recently, only 17 states required high school students to take a class in personal finance. Now, a new report from the Council for Economic Education found that the number of
Stuck in a sales slump, Macy’s is shrinking to grow. The department store chain announced Tuesday it plans to shut 125 stores over the next three years and slash about 2,000 corporate jobs, as it closes its Cincinnati headquarters and tech offices in San Francisco. Macy’s said it plans to exit weaker shopping malls, and
Chipotle Mexican Grill on Tuesday reported quarterly earnings that topped analysts’ expectations as its limited-time carne asada drove customers to its restaurants. Shares of the company rose 1% in extended trading. Ahead of its earnings release, the stock hit an all-time high of $890.17 during morning trading Tuesday. Here’s what the company reported compared with what Wall
Shares of Tesla are roaring higher — but some are worried Elon Musk’s electric carmaker might be a speculative bubble that sometimes occurs in financial markets, especially near the end of bull markets. Rising more than 110% in 2020 alone, some believe Tesla has become unmoored from its fundamentals, fueled by short covering and the
Tesla CEO Elon Musk presented the first batch of made-in-China cars to ordinary buyers on January 7, 2020 in a milestone for the company’s new Shanghai “giga-factory”, but which comes as sales decelerate in the world’s largest electric-vehicle market. STR The Saudi Arabia Public Investment Fund dumped 39,000 shares of Tesla in the fourth quarter
These days college affordability is a huge concern, and as a result, more students and their families are wary of applying to pricey private schools. That is a mistake. Yes, annual tuition and fees plus room and board at four-year, private universities is much higher — $49,870, on average — compared to public institutions —
CreativeDJ You start your business with a boatload of enthusiasm. What you may not have is a wealth of accounting or financial knowledge — the ins and outs of tax law, cash flow management and insurance. Just over 400,000 startups opened their doors in 2015, according to the Small Business Association. The good news: That’s
Jim Hackett of Ford Motor speaks at an event during the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan, U.S., on Jan. 14, 2018. Andrew Harrer | Bloomberg | Getty Images DEARBORN, Mich. – Ford Motor lost $1.67 billion during the fourth quarter, missing Wall Street earnings expectations, on higher North American warranty
Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange, November 27, 2017 in New York City. Getty Images Disney shares slid 1% after the company reported fiscal first-quarter earnings on Tuesday. The company beat on both the
Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images Check out the companies making headlines after the bell: Ford – The automaker’s stock dropped 10% in extended trading after the company missed on earnings but beat revenue in its fourth-quarter
Tesla CEO Elon Musk reacts during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters Elon Musk got $4.5 billion richer overnight, as Tesla’s share price continues to surge. Musk, who owns about 19% of the company’s stock, or 34.1 million shares, saw the value of his
Despite Tesla’s meteoric rise, which has seen the shares more than double this year, some investors argue that the company’s fundamentals and future growth justify its current valuation and stock price. Underlying the bull thesis is that Tesla and its founder Elon Musk are at the forefront of a push towards a greener future, and
Rob Daly | OJO Images | Getty Images The last decade has seen a surge in the number of gig workers, indicating broad economic and demographic shifts and raising concerns around long-term financial security for a growing share of the workforce, according to some experts. “We’re just going to keep seeing more of it,” Kerry