Do you prefer reading an e-book or a physical version? It might be a surprise, but for most people, old school print on paper still wins. Publishers of books in all formats made almost $26 billion in revenue last year in the U.S., with print making up $22.6 billion and e-books taking $2.04 billion, according
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A visual representation of a cryptocurrency coin on display in front of the logos for Facebook and Libra. Chesnot | Getty Images Policymakers around the world have upped the pressure on libra, the digital currency being introduced by Facebook, amid concerns it could heavily disrupt the global financial system. On Tuesday, European Central Bank board
Shantanu Narayen, CEO of Adobe, attends a media event in Mumbai on May 3, 2017. Abhijit Bhatlekar | Mint | Hindustan Times | Getty Images Adobe shares fell as much as 4% on Tuesday after hours, as the company reported better-than-expected fiscal third quarter earnings and soft quarterly guidance. Here’s how the company did: Earnings:
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., on Wednesday, July 31, 2019. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell shut down the notion that the Fed would use negative rates as a tool
For consumers, lower rates do mean cheaper loans, which can impact your mortgage, home equity loan, credit card, student loan tab and car payment. On the flip side, consumers likely will earn less interest on their savings accounts, and in some cases, lose buying power over time. Here’s a breakdown of how it works: Credit
JohnnyGreig | E+ | Getty Images While a gym workout can be a lot of fun, the cliche “no pain, no gain” is also true. The same goes with finances. Savers and investors who want secure financial futures tomorrow often have to face painful financial facts today — and it can fall to financial advisors
Let’s brush aside some financial noise today, as I’d like to show you the best retirement investment you can make. I’m talking about secure dividends that’ll grow every year, fund your regular expenses today, plus grow your capital so you don’t have to ever worry about running out of money. You won’t have to worry
New indoor/outdoor food hall, the SteelCraft Bellflower, is created from 14 repurposed cargo containers. Studio One Eleven BELLFLOWER, Calif. – Architecture, urbanism and landscape-design firm, Studio One Eleven recently completed an innovative commercial real estate project, transforming discarded shipping containers into a robust al-fresco food hall in downtown Bellflower, California. Bellflower is considered a “first-ring” suburb of
California Gov. Gavin Newsom signed a sweeping new law that could force gig companies like Uber and Lyft to reclassify their workers as employees. Yet even before he signed the bill into law, it was already clear that lawsuits will abound. On September 11, 2019, Uber’s top lawyer announced that new law or not, Uber will not treat its
An interview and Q&A with billionaire business magnate and CEO of LVMH, the world’s largest luxury goods company, Bernard Arnault. In this interview, Bernard discusses how he first entered the luxury goods business and how he gained control of LVMH, building it into the largest luxury goods company. Bernard also talks about how he enters
Chewy shares fell 2% in extended trading Tuesday despite reporting a narrower-than-expected second quarter loss. The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv. Sales also grew 43% from last year. The company’s second quarter loss widened to $82.9
CNBC’s Jim Cramer says it’s a positive sign that bank stocks rallied after Federal Reserve Chairman Jerome Powell announced the central bank would issue a quarter-point cut in the federal funds rate. The “Mad Money” host tries to make sense of trouble that appears to be on the horizon for Adobe and FedEx. He goes one-on-one
People walk past an AT&T store in New York on October 23, 2016. Kena Betancur | AFP |Getty Images Check out the companies making headlines after the bell: AT&T shares climbed more than 2% in extended trading following a Wall Street Journal report that the company is exploring a spinoff of DirectTV unit as its
Damir Khabirov | iStock | Getty Images “He who makes no mistakes makes nothing.” Talk about a silver lining, especially when applied to finance. This 200-year-old quote, attributed to Casanova, gives hope to all those ruing a grave error or missed opportunity. And it’s true: We learn what not to do going forward when we
Lacy O’Toole | CNBC Berkshire Hathaway‘s executive Tracy Britt Cool is leaving the firm after a decade to start a company that replicates Warren Buffett’s business model. Cool, who joined Berkshire in 2009 as Buffett’s financial assistant, said she’s building an investment vehicle that acquires companies “too small for Berkshire,” The Wall Street Journal reported.
Tereza | Twenty20 As the Federal Reserve lowers rates, it’s a good idea to make sure your savings are still getting the biggest boost. The central bank cut its benchmark short-term interest rate by a quarter of a point. In July, the bank cut rates for the first time since the Great Recession. As a
The head of an IT products and services distributor told CNBC on Tuesday that small- and medium-sized businesses have not slowed down investing like larger corporations, and it’s showing up in the company’s results. “Anecdotally, we think SMB is much stronger than large enterprise [now] … and we’re taking advantage of that,” Tech Data CEO
The new Medicare Plan Finder raises some security concerns Getty By now, most who work with the Medicare Plan Finder have had a chance to familiarize themselves with the new version. The most onerous change is that beneficiaries must log into their MyMedicare.gov account to access saved information. If they don’t have an account and they
Start your marriage off on the right financial footing. WINDSOR, UNITED KINGDOM – MAY 18: Thomas Kingston and Lady Gabriella Windsor kiss as they leave St George’s Chapel after their wedding on May 18, 2019 in Windsor, England. (Photo by Pool/Max Getty Images Whether you are just getting married or have been married for years,
“For the world’s wealthy, France remains the ultimate home away from home.” (Photo by Emeric Fohlen/NurPhoto) NurPhoto via Getty Images The number of British buyers of luxury property in France has dropped by 40% in less than five years due to Brexit and the weakening of the pound sterling. UK money now accounts for one