Shoppers walk through the Easton Town Center Mall in Columbus, Ohio. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines after the bell. Beyond Meat — The meat substitute maker’s stock plunged 8% in extended trading after the company reported a fiscal fourth-quarter net loss of $0.5 million, or 1 cent
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When yields are depressed, seeking attractive dividend profiles across sectors becomes more important. Slower global growth and uncertainty surrounding international trade contributed to a shift in monetary policy in 2019, as the Fed reversed its tightening regime and investors bought up relatively safer Treasury bonds, pushing down yields. The length of the current bull market,
Woman figuring out her finances. stefanamer If there’s any silver lining to the interest accumulating on your student debt, it’s that it can knock down your tax bill. The IRS allows certain borrowers to deduct up to $2,500 in student loan interest each year from their taxable income, and it can come from payments to
Foreign travelers wearing masks walk past a departures information board at Beijing International Airport in Beijing, China as the country is hit by an outbreak of the new coronavirus, February 1, 2020. Jason Lee | Reuters The rapid spread of the new coronavirus is testing airlines and other travel companies with a risk that had
Apple staff and customers, wearing facemasks to protect against the COVID-19 coronavirus, are seen on the shop premises in Beijing on February 22, 2020. Nicolas Asfouri | AFP | Getty Images Earnings growth for U.S. companies will be stagnant in 2020 as a result of the coronavirus, according to Goldman Sachs. The Wall Street firm
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Home Depot. Gina Sanchez was a buyer of Disney. Karen Finerman was a seller of the High Yield Corporate Bond ETF. Guy Adami was a buyer of Twitter. Disclaimer Trader disclosure: Tim Seymour is long AMZA, AMZN, AAPL,
During tax season, people have a lot on their minds, like tax forms, numbers and that looming April 15 deadline. One thing many aren’t thinking about is the opportunity that refunds present to ramp up their emergency savings. About 72% of Americans received a refund on their taxes in 2019. This extra jolt of cash
Oil prices continued their steep decline on Thursday, with U.S. West Texas Intermediate crude falling to a 13-month low below $47 per barrel, as fears of the coronavirus outbreak, and what it could mean for crude demand, continues to batter prices. “Current forecasts of crude oil demand have fallen off a cliff. As China is
A woman with a facial mask passes the New York Stock Exchange (NYSE) on February 3, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images It’s no secret that coronavirus fears have infected the market and prompted concerns about a potential global economic downturn. Yet even amid scary headlines
Source: Lowe’s Lowe’s CEO Marvin Ellison said the home improvement retailer will soon be unshackled from its outdated website, which will make shopping easier for customers and give the company a sales boost. The North Carolina-based retailer is banking on a website makeover and other digital improvements to play a meaningful role in its turnaround,
Virgin Galactic’s spacecraft Unity flies to its new home in at Spaceport America in New Mexico on Feb. 13, 2020. Virgin Galactic Virgin Galactic reported a larger-than-anticipated loss when it reported fourth-quarter results on Tuesday, although the interest from prospective customers in the company’s future spaceflights continued to climb. CEO George Whitesides told shareholders on
Monzo co-founder and CEO Tom Blomfield. Monzo Monzo CEO Tom Blomfield perches himself on a chair, leaning back on it playfully. He’s just returned from a friend’s wedding in Guatemala and looks refreshed. “The weather was great, it was absolutely lovely,” Blomfield says. “Back to Earth with a bump now.” He’s sat in a glass
President Donald Trump Kevin Lamarque | Reuters President Donald Trump may be livid about this week’s market sell-off, but the rally in U.S. equities since his election is still well intact. The Dow Jones Industrial Average is up 47.7% since Trump’s election through Tuesday’s close, which brought the index’s week-to-date point loss to more than
Democratic presidential candidate, former New York City mayor Mike Bloomberg speaks to supporters at a rally on February 20, 2020 in Salt Lake City, Utah. George Frey | Getty Images Billionaire Mike Bloomberg’s income tax return might not tell us much. It depends on how much of it he releases. If returns are heavily redacted,
Papa John’s shares tumbled more than 10% Wednesday after the company said it has temporarily closed 50 franchised stores in China as a result of the coronavirus and reported a decline in same-store sales for the year. The company has seen a countrywide sales impact year to date, with sales in China down mid- to
Top management at global companies are clueless on the full extent of the coronavirus impact and how it will affect their companies in the coming months, a portfolio manager told CNBC Wednesday. Many firms have highlighted that their operations will suffer as a result of the virus and some have taken precautionary measures. But Pieter
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters U.S. stock futures traded slightly lower on Wednesday night after Microsoft warned it will not meet its revenue guidance for a key business segment, citing the recent global coronavirus outbreak. President Donald Trump is also scheduled to hold a news
Chamath Palihapitiya Heidi Gutman | CNBC Billionaires should be grateful for their good fortune and stop being so sensitive to public criticism and name-calling by politicians, tech billionaire Chamath Palihapitiya said Wednesday. In a heated billionaire-versus-billionaire debate with former hedge fund manager Leon Cooperman, Palihapitiya said that being demonized or labeled “out of touch” is a
Scott Minerd, founding managing partner at Guggenheim, at WEF in Davos, Switzerland on Jan. 22, 2019. Adam Galica | CNBC Guggenheim Partners Global CIO Scott Minerd said Wednesday that stocks could have further to fall as the markets came to grips with the economic impact from the coronavirus outbreak. Minerd, appearing on CNBC’s “Closing Bell,”
MartinPrescott When market volatility is high, financial advisors often suggest investors review — and possibly re-balance — their portfolios rather than make an emotional or impulsive move. Yet as the stock market plunged at the beginning of this week, trading activity in 401(k) plans skyrocketed. And, data show that many investors moved money out of