Tim Cook, CEO of Apple, speaks during an Apple Event on April 20th, 2021. Source: Apple Inc. Apple reports its second fiscal quarter earnings on Wednesday after markets close. Here’s what Wall Street expects, per Refinitiv consensus estimates: Earnings: 99 cents per share Revenue: $77.36 billion The company is coming off of its biggest quarter
Month: April 2021
U.S. stock index futures were mixed in overnight trading on Wednesday, after the major averages posted losses for the day. Futures contracts tied to the Dow Jones Industrial Average shed 3 points. S&P 500 futures advanced 0.2%, while Nasdaq 100 futures gained 0.5%. Apple and Facebook’s strong quarterly results boosted futures. Apple said that sales
Facebook co-founder Chris Hughes told CNBC on Wednesday he believes the U.S. government should take a more active role in building an economic system that delivers broad prosperity. In an interview on “Squawk Box,” Hughes said the new kind of capitalism he envisions is hardly an outlier position following decades of widening disparities between rich and
Drew Angerer | Getty Images News | Getty Images Investors fearful of President Joe Biden’s proposal to raise taxes on capital gains might be thinking about making a knee-jerk stock sale. Doing so may inadvertently trigger another investment tax, according to financial advisors. And it’s one that kicks in at a low level of income
President Joe Biden speaks in the Eisenhower Executive Office Building in Washington, D.C., on Wednesday, April 7, 2021. Leigh Vogel | Bloomberg | Getty Images President Joe Biden will formally unveil his new tax plan during his first presidential address on Wednesday that includes a key campaign promise — no one making $400,000 or less
Most people don’t buy a home thinking they’ll only live in it for a year or two, but it happens—more often than you might think. Families expand, financial situations change, jobs require relocation, and sometimes you simply get an offer that you can’t refuse. Packing up and moving yet again in a short time span
Prince’s estate and the legal actions following his death deliver important estate planning lessons to most of the rest of us. Prince Rogers Nelson, the entertainer known generally as Prince, was a successful musician, entertainer, and record producer. He died at age 57 and left a valuable and complicated estate that was made more complicated
My passions in life include family, cooking, board games, taxes, and small businesses. However, sometimes small businesses struggle to be heard by Congressional leadership is over lobbyists for large multinational corporations. After all, if I am operating a small business in Upstate New York what is the best way to make sure my view is heard with
In this article NCLH The Norwegian Cruise Line Holdings Ltd. Jewel, right, and Regent Seven Seas Cruises Inc. Splendor ships sit idle near the Port of Los Angeles and Port of Long Beach in Long Beach, California, U.S., on Monday, April 13, 2020. Tim Rhue | Bloomberg | Getty Images Norwegian Cruise Line announced Wednesday
In this article BA A Boeing 737 MAX jet lands following a Federal Aviation Administration (FAA) test flight at Boeing Field in Seattle, Washington on June 29, 2020. Jason Redmond | AFP | Getty Images Boeing is set to report first-quarter results before the bell on Wednesday as investors look for clues about the pace
In this article ALY-AU Alchemy co-founders Nikil Viswanathan (left) and Joe Lau. Source: Alchemy Alchemy, a start-up subtly powering the recent NFT boom, is raising another round of capital as it tries to keep up with the fast-growing industry. The San Francisco-based company announced an $80 million series B funding round on Wednesday, led by
Ether, the second largest cryptocurrency by market value after bitcoin, hit a record high on Wednesday – but despite its rally, “it’s always going to be No. 2” next to bitcoin, investor Kevin O’Leary tells CNBC Make It. “I just believe that to be the case. Bitcoin will always be the ‘gold.’ Ethereum will always
In this article ENPH Solaray Director Jonathan Fisk moves a solar panel at the solar power installation company’s Sydney facility. Jason Reed | Reuters Shares of Enphase Energy dipped more than 14% on Wednesday after the company warned about the ongoing impacts of the chip shortage. For the first quarter the company, which makes microinverters
As part of a massive new spending package, President Joe Biden is calling on Congress to enact legislation to allow students to enroll in community college at no cost. The administration’s American Families Plan calls for $109 billion to make two years of community college free for all students in addition to a roughly $85-billion
People walk past the Federal Reserve building on March 19, 2021 in Washington, DC. Olivier Douliery | AFP | Getty Images The Federal Reserve said Wednesday it will keep its benchmark interest rate near zero to continue to support the economic recovery from the coronavirus pandemic. It’s been over a year since the central bank slashed
Mother’s Day is almost here and those of us who haven’t seen our mothers in a long time probably want to buy them special. So why not express your love and appreciation for everything she does with the gift of décor? Whether it’s something she’ll use or see every day or reserve for special occasions,
With more than 50% of the U.S. population having at least one Covid-19 vaccination, we are starting to see the outlines of a post-pandemic economy. For all of the virus’ deadly effects (including horrific death rates in India and elsewhere), we are seeing a stronger economic recovery, fueled in part by President Biden’s $1.9 trillion stimulus. But the President wants to
In this article PEAK A nurse Cindy Mendez wearing a protective mask holds a syringe with a dose of the Pfizer-BioNTech COVID-19 vaccine during the coronavirus disease (COVID-19) pandemic, at NYC Health + Hospitals Harlem Hospital in the Manhattan borough of New York City, New York, February 25, 2021. Jeenah Moon | Reuters LONDON —
In this article MSFT Microsoft shares moved 3% lower in extended trading Tuesday after the software maker announced fiscal third-quarter earnings and quarterly revenue guidance that came in stronger than analysts had expected. The company’s operating margin narrowed somewhat as cloud became a larger part of its business. Here’s how the company did: Earnings: $1.95
A general meeting of Deutsche Bank Arne Dedert | picture alliance | Getty Images LONDON — Deutsche Bank on Wednesday reported a 908 million euro ($1.1 billion) profit for the first quarter, buoyed by continued strong performance in its investment banking division. The bank vastly exceeded analyst expectations for net income of 642.95 million euros,
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