A shopper makes a purchase at a Best Buy store in Corpus Christi, Texas. Eddie Seal | Bloomberg | Getty Images Best Buy is targeting $50 billion in revenue by fiscal 2025, the company announced Wednesday morning ahead of a meeting with investors in New York. The company also said in a press release it
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General Motors on Sept. 25, 2019 announced it is partnering with Amazon to enable the tech company’s Alexa voice assistant in millions of its vehicles. GM DETROIT – General Motors is partnering with Amazon to enable the tech company’s Alexa voice assistant in millions of its vehicles. The companies on Wednesday said the popular voice
President Donald Trump speaks to reporters as he meets with Australia’s Prime Minister Scott Morrison in the Oval Office of the White House in Washington, U.S., September 20, 2019. Jonathan Ernst | Reuters As U.S. stocks climb and fall in response to President Donald Trump‘s words (and tweets), some traders are voicing skepticism over the
Next Avenue For the past five years, Next Avenue — public media’s first and only national journalism service for America’s older population — has released a list of “Influencers in Aging.” Our goal is to name a dozen groundbreakers who, in the past year, have helped transform attitudes about aging, presented innovative insights and research
Jamie Grill | Getty Images Slow down as you pick out your employee benefits for next year. Your household finances could depend on it. Open enrollment season — a period in which employees update their insurance coverage and other perks for the upcoming year — is just around the corner. It’s tempting to merely choose
Getty At a tax conference exploring the populist idea of an annual wealth tax, the conversation shifted to the estate tax, which is on the books and hits the rich at death already. Why is that significant? Changes to the estate tax would be an easier way to address wealth inequality; they’re way more likely
Portrait of 3 generations in front of house Getty For generations, getting out and living on one’s own has been seen as a rite of passage by many Americans. However, according to a new Zillow analysis, this process is taking longer for today’s young adults, if they’re doing it at all. The data shows that
A interview with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this interview Howard discusses the six tenets of investing he uses at Oaktree to select investments. Howard also talks about risk, best financial decision he has made and gives advice for small investors. ???? Books by Howard Marks and his
A handful of retailers are on sale. Ralph Lauren, Nordstrom, Victoria’s Secret parent L Brands, and Urban Outfitters are trading at their lowest forward multiples in around a decade. That low valuation pushed Atlantic Equities to get bullish on Ralph Lauren on Tuesday. All have underperformed the market this year with double-digit losses across all
A remote control is seen being held in front of a television running the Netflix application Jaap Arriens | NurPhoto | Getty Images Credit Suisse just joined a slew of analysts worried about Netflix‘s earnings. Shares of the streaming video giant turned negative for the year this week, prompting many Wall Street analysts including KeyBanc
A Chinese national flag flies in front of a building under construction in the central business district of Beijing, China. Giulia Marchi | Bloomberg | Getty Images BEIJING — China‘s economic numbers in the last few months have disappointed expectations but the worst is not over — analysts are expecting third quarter data to come
Shoppers At Niketown Store In San Francisco. David Paul Morris | Bloomberg | Getty Images Nike‘s stock is on pace to open at an all-time high on Wednesday morning after hitting one in extended trading on Tuesday, on the heels of the company’s better-than-expected earnings report. Shares were last up nearly 6%, trading around $92.15.
Fast food workers and supporters protest to raise the minimum wage for fast food workers to $15 dollars an hour. James Leynse | Corbis Historical | Getty Images For the more than six million small businesses nationwide, employee turnover can be a brutal expense. In fact, nearly one in three (32%) employees will no longer
2020 Democratic U.S. presidential candidate and U.S. Senator Bernie Sanders speaks during a campaign event in West Branch, Iowa, August 19, 2019. Al Drago | Reuters There could be a new factor to your credit score: the president of the United States. Democratic candidate Bernie Sanders wants to eliminate the private credit reporting companies and
Retirement income planning is an important step for all Americans, and efficiency is the goal. Drawdown strategies can help individuals along the way by targeting a monthly cash flow during retirement, minimizing taxes and maximizing government benefits. For the wealthy, however, being fortune enough to have the means to retire comfortably comes with additional financial
Seasonal sales are easy to predict because they arrive like clockwork every year. Even though these regular annual sales offer a great opportunity for businesses to grow their revenue, there may be ways to create a more efficient use of company resources and maximize the seasonal sales cycles to achieve your full potential. By leveraging the
As the local partner of a global co-living community, I spend a portion of my day scanning the news for headlines related to the topic of co-living, analyzing how it affects the communities we live in and what it means for people today and in the future. Without a doubt, the rise of co-living is
People walk past a Nike store in New York. Carlo Allegri | Reuters Check out the companies making headlines after the bell: Shares of Nike hit an all-time high, surging more than 5.5% during extended trade, following strong first-quarter earnings. CEO Mark Parker credited the earnings beat to product innovation and stronger e-commerce business. The footwear
This photo taken on July 19, 2018 shows a worker loading sacks of animal feed made from soybeans at the Hopefull Grain and Oil Group in Sanhe, in China’s northern Hebei province. The company is currently using soybeans imported from Brazil, after recently changing from U.S. soybeans. Greg Baker | AFP | Getty Images In
Michael Nagle | Bloomberg | Getty Images Stocks were set for a muted open on Wednesday even after House Speaker Nancy Pelosi said she will launch a formal impeachment inquiry on President Donald Trump. Dow Jones Industrial Average futures were up 14 points after the 6 p.m. open, implying a gain of 44 points at