Products are displayed in an Under Armour store in New York City, November 4, 2019. Brendan McDermid | Reuters Under Armour on Friday reported revenue about flat with a year earlier, with earnings topping estimates, as consumers stocked up on the brand’s sneakers and workout gear. Chief Executive Patrik Frisk cited higher demand for the
Month: October 2020
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — As Chinese authorities prepare to build up their country in the next several years, they’re keen to ensure the rest of the world will still
Michael Wirth, CEO of Chevron. Adam Jeffery | CNBC Chevron reported its second straight quarter of losses on Friday after revenue during the third quarter fell 32% year over year as Covid-19 continues to hammer the industry. Amid declining oil prices Chevron said it implemented aggressive cost-cutting measures. The oil giant lost $207 million during
Cloud storage getty The pandemic has shone a light on the need for families and older individuals to ramp up their game in preparing for the unexpected. One of the ways we should all be doing that is by locating and reviewing our estate documents and securing them in the safest place possible. Adults of any
Getty Images Calling scientists idiots, mocking masks, holding rallies with no social distancing, organizing a super spreader event at the White House, discouraging testing, making states compete for vital medical supplies, failing to organize a federal contract-tracing system — these purposeful actions and inactions are why we are seeing articles counting Trump Deaths from Trump
AI-powered geographic data is revolutionizing how we solve the demand for housing at scale. Wirestock The UK has long grappled with the issue of housing development – with the National Housing Federation estimating that a massive 8.4 million people in England alone are currently living in an unaffordable, insecure or unsuitable home. As we look
Courtney Keating | E+ | Getty Images The U.S. stock market has had a volatile year, and choppy swings up and down show no sign of subsiding anytime soon. The roller-coaster ride can be worrying for those saving for, in or near retirement, yet financial advisors say that people with investment portfolios should stick with
Source: Goop Goop CEO and founder Gwyneth Paltrow is the latest Hollywood celebrity investing in the cannabis industry. The actress-turned-wellness guru just announced she’s backing Cann, an cannabis-infused beverage maker. Paltrow calls cannabis a “hero ingredient of the future” for wellness and says she was drawn to Cann’s drinks, which are infused with small doses
Jeff Bezos, founder of Amazon Katherine Taylor | Reuters Amazon reported blowout third-quarter results on Thursday, including a big beat on the top line. The stock climbed 1.5% after hours. Earnings: $12.37 vs $7.41 per share expected, according to analysts surveyed by Refinitiv Revenue: $96.15 billion vs $92.7 billion expected, according to analysts surveyed by
CFRA’s Sam Stovall acknowledges the market may feel like a rollercoaster over the next few weeks. But he believes any damage should be contained to November regardless of who wins the presidency. “Investors say ‘okay, usually by then we know who the president is, now we can try to organize our portfolios and our mindsets
Kate Spade handbags Scott Mlyn | CNBC Women are spending more money when they’re shopping for handbags during the coronavirus pandemic, Coach owner Tapestry‘s latest quarterly results show. And it could be, in part, because consumers are buying bigger, pricier bags to stow away bottles of hand sanitizer and Clorox wipes. “I don’t know about
People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City. Spencer Platt | Getty Images Earnings hopes wilt as fresh Covid outbreak throws 2021 reopening in doubt. That’s the story of earnings season so far. It’s the one word investors didn’t want to hear: lockdown. Never mind
Illinois Gov. JB Pritzker answers questions from the media during his daily press briefing on the … [+] COVID-19 pandemic from his office at the Illinois State Capitol, Friday, May 22, 2020, in Springfield, Ill. (Justin L. Fowler/The State Journal-Register via AP, Pool) ASSOCIATED PRESS It was going on two years ago, back in February
Economic Security Planning, Inc. Today’s column addresses questions about what happens if you delay filing for Social Security retirement benefits past 70, whether someone can falsely claim spousal benefits on someone else’s record and when survivor’s benefits can be paid and why they may not be. Larry Kotlikoff is a Professor of Economics at Boston
Topline After a year of savage cuts and restructuring following a disastrous IPO attempt that saw then-CEO Adam Neumann evicted and the company’s value plummet, WeWork’s new head says he finally sees profitability on the horizon for 2021 and, if all goes well, another IPO, Bloomberg reports. WeWork contemplates another IPO attempt getty Key Facts
People line up for early voting at the Jackson Heights branch of the Queens Public Library in New York on Oct. 24, 2020. Stephanie Keith | Getty Images Before you head into the voting booth next Tuesday, get to know where the presidential candidates stand on your taxes. Democrat Joe Biden is calling for tax
People wear protective face masks outside Starbucks in Union Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 29, 2020 in New York City. Noam Galai | Getty Images Starbucks is expected to report its fiscal fourth-quarter earnings after the bell Thursday. Here’s what
Apple CEO Tim Cook reveals the new iPhone 12. Source Apple is set to report its fiscal fourth quarter earnings after the bell on Thursday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: EPS: $0.70 Revenue: $63.7 billion iPhone revenue: $27.93 billion Services revenue: $14.08 billion Other products revenue: $7.40 billion Mac
Nitat Termmee | Moment | Getty Images These days, it’s harder than ever for consumers to know if they’re getting good financial advice. Current rules make it easy — and legal — for brokers to recommend investments that aren’t in the best interest of their clients. This framework has been in place for years on
After more than a decade as an investor on ABC’s “Shark Tank,” Kevin O’Leary has bettered his negotiating skills. And with all that experience, he’s found a common thread among some of his “very best” deals. “What I’ve learned over the years, because I’ve negotiated so many different deals, [is that] the very best deals
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