Take a look at some of the biggest movers in the premarket: Estee Lauder (EL) – The cosmetics maker reported quarterly earnings of $1.62 per share, 30 cents a share above estimates. Revenue came in slightly below forecasts, however, as sales of Estee Lauder’s higher-end products were impacted by people continuing to work from home.
Month: May 2021
Leon Cooperman Scott Mlyn | CNBC If you have accumulated more wealth than you need, there are a number of things you can do with the excess money, according to billionaire investor Leon Cooperman. Founder of the Omega Family Office, Cooperman — who has an estimated net worth of $2.5 billion — shared his views
Jarred Kessler is the CEO of EasyKnock. If you ask me, working from home is amazing. You can wear pajamas from the waist down, you have no commute and you can even sleep in. I understand that the process of reading on a train or after-work drinks with your co-workers has been lost, but there has
By Richard Eisenberg, Next Avenue Editor Odds are, you want to age in place — living in your home later in life, rather than in a long-term care establishment. There are three ways to make that dream more likely to be a reality. My “Friends Talk Money” podcast co-hosts and I, plus “Retirement Secrets” author Kim
IRS Commissioner Charles “Chuck” Rettig recently testified before Congress that while the official estimate of the “tax gap” is $400 billion, “it would not be outlandish to believe that the actual tax gap could approach and possibly exceed one trillion dollars per year.” The “tax gap” is the difference between how much should be paid
Signs and age groups are shown for the Pfizer and Moderna vaccines at a vaccination center as California opens up vaccine eligibility to any residents 16 years and older during the outbreak of coronavirus disease (COVID-19) in Chula Vista, California, U.S., April 15, 2021. Mike Blake | Reuters Former Food and Drug Administration commissioner Scott
Traders on the New York Stock Exchange Source: NYSE U.S. stock futures moved higher in overnight trading on Sunday as investors readied for the first trading day of May. Dow futures rose 75 points. S&P 500 futures gained 0.27% and Nasdaq 100 futures rose 0.22%. Monday marks the first trading day of May. Despite Friday’s
Taking risks can feel a lot easier if you have a safety net. For Tori Dunlap, founder of the woman-focused financial education company Her First 100K, that security came in the form of $100,000. Dunlap, 26, landed an entry-level marketing job after graduating college and soon learned that the corporate grind wasn’t for her. She
Economic growth accelerated sharply in the first three months of 2021. The economy expanded by an annualized inflation-adjusted rate of 6.4% in the first three months of 2021, accelerating growth from the prior three months and thus extending growth for the third quarter in a row. As a result, the economy was 0.4% larger than
Today’s column addresses questions about whether Congress will correct an issue caused by Covid-19 that could mean lower lifelong benefits for those born in 1960, potential repercussions of Social Security overpayments and withdrawing a retirement benefit and reverting to survivor’s benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
Ground staff unload coronavirus disease (COVID-19) relief supplies from the United States at the Indira Gandhi International Airport cargo terminal in New Delhi, India April 30, 2021. Prakash Singh | Reuters WASHINGTON – White House Chief of Staff Ron Klain said Sunday that the Biden administration is looking to distribute the coronavirus vaccine to India
urbazon | E+ | Getty Images It’s one of those debates that rarely seems to have a clear-cut winner: Should retirees pay off their mortgage or continue making those monthly payments? The answer — probably somewhat annoyingly — is that it depends. Of course, there are a couple of immediate benefits to paying off a
Mike McMullen is the CEO of Prominence Homes and the author of Build. Rent. Sell. Repeat! If you invest in housing you’ve probably used the “1% rule” to judge a potential property’s rate of return. For the uninitiated, the 1% rule states that, in order to be a good investment, a home needs to generate at least
Bloomberg | Bloomberg | Getty Images April Harris of dessert company Keeping You Sweet, Melissa Butler of The Lip Bar, and Gwen Jimmere of Naturalicious share several things in common: they are Black female entrepreneurs who have succeeded building businesses on their own, and they have succeeded in winning deals with national retail partners including
The Federal Reserve says not to worry about the 2.6% jump in the CPI. But the bond market is skeptical and it may be time to get yourself some protection. In the past year: —house prices have gone up 12%. —lumber prices have tripled. —shares of mediocre companies like The New York Times, American Water
Buried in an already disheartening New York Times article about how homeless Americans are struggling to get their stimulus checks is an even more depressing accusation: finance bros are offering to help homeless people get their stimulus payments, not out of the goodness of their heart, but in exchange for a hefty fee. The anecdote
Astra VP of manufacturing Bryson Gentile, left, and CEO Chris Kemp take a protective cover off a rocket fairing half. Michael Sheetz | CNBC ALAMEDA, California — Rocket builder Astra wants to simplify the launch business, with the soon-to-be-public company on a quest to both cut manufacturing costs while dramatically increasing the number of launches
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter shares plunged 12.4% in premarket trading after it warned of rising expenses and a possible slowdown in user growth. Twitter beat estimates for its latest quarter by 2 cents a share, with earnings of 16 cents per share. Revenue
A selection of food that is on the menu at the Jack in the Box on Campus Drive in Irvine, Calif. Glenn Koenig | Los Angeles | Getty Images First-quarter earnings season is well underway, with several tech heavyweights reporting their financial results for the most recent quarter this past week. There’s more to
PeopleImages | E+ | Getty Images If you are in the market for a new house, you may be overlooking one key to your success: your credit score. That three-digit number has a direct impact on your ability to get a mortgage and what interest rate you will pay. Mortgage rates are at two-month lows,