Traders work on the floor of the New York Stock Exchange (NYSE) on January 10, 2020 in New York City. Kena Betancur | Getty Images Active portfolio managers could get some help in the battle against passive investing if a new kind of financial instrument gains traction with investors: the “nontransparent ETF.” A nontransparent ETF
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Shannon Stapleton | Reuters Peloton Wedbush recently initiated coverage of the exercise equipment maker with an outperform rating and believes the sky’s the limit for the company. The firm called Peloton’s business an “enduring force” and is bullish on the company’s ability to hold and retain customers in its subscription business. “Today, this business is
Just because the IRS is auditing fewer tax returns, don’t assume you can dupe the taxman. With much of the agency’s systems automated to spot certain discrepancies, and some parts of tax returns typically generating more scrutiny than others, the risk of hearing from the IRS still remains. “A lot of this is done by
Two workers walk under the wing of a 737 Max aircraft at the Boeing factory in Renton, Washington, March 27, 2019. Lindsey Wasson | Reuters The head of the Federal Aviation Administration has told airlines that it could lift a flight ban on the Boeing 737 Max before midyear, ahead of the manufacturer’s new timeline
A display of Procter & Gamble’s Pampers diapers are seen on sale in Denver. Rick Wilking | Reuters Procter & Gamble on Thursday reported quarterly revenue that fell short of estimates for the first time in five quarters, hurt by a stronger dollar and a struggling baby segment, which includes Pampers diapers. But the consumer
Workers assemble washing machines at the Whirlpool Corp. manufacturing facility in Clyde, Ohio, U.S. Luke Sharrett | Bloomberg | Getty Images Here are the most important things to know about Monday before you hit the door. 1. Whirlpool to report earnings Whirlpool is on deck to release its fourth-quarter earnings after the bell on Monday.
An Airbus narrow body plane Nicolas Economou | NurPhoto | Getty Images European planemaker Airbus is working with Nasdaq to develop a derivatives-based trading platform that will allow airlines to protect against swings in ticket prices. Just like airline companies use oil futures to hedge against the volatility in fuel costs, they will soon be able
You probably know you’re supposed to have money set aside for the unexpected. Now, a new online tool may help you figure out exactly how much you need. Created by the JPMorgan Chase Institute and based on its recent research about income volatility among U.S. households, the tool lets you sort by income and age
A security official stands guard as an ambulance arrives with a patient to the Infectious Disease Centre of Princess Margaret Hospital on January 22, 2020 in Hong Kong, China. Anthony Kwan The fatal flu-like coronavirus spreading quickly throughout Asia has now killed at least 26 people and sickened more than 900 worldwide, including two patients
An employee works on the assembly line installing parts on the Duratech 35 V6 engine at the Ford Motor Co. Engine Plant in Lima, Ohio, U.S. on Friday, March 28, 2014. Ty Wright | Bloomberg | Getty Images DETROIT — Ford Motor expects to take a pretax hit of about $2.2 billion in the fourth-quarter
Traders work after the opening bell at the New York Stock Exchange (NYSE) on August 5, 2019 in New York City. JOHANNES EISELE / AFP / Getty Images With stocks coming off their first losing week of the year, investors will be looking for the Federal Reserve to soothe markets by reaffirming its position that
Bill Miller Dan Mescon | CNBC Investor Bill Miller came back with a bang in 2019, riding the stock market’s relentless rally to record highs. He also thinks there may be more gains in 2020. Miller’s firm, Miller Value Partners, posted a return of 119.5% last year net of fees, he told investors in a
Richard Sharrocks A case before the Supreme Court has the power dramatically reshape how the U.S. government polices financial fraud and other misdeeds against consumers — which many experts fear would weaken existing protections and expose the public to more harm. The case, which concerns the Consumer Financial Protection Bureau, could ultimately lead to the
A woman wears a protective mask near the Chinatown section of New York City on January 23, 2020. Timothy A. Clary | AFP | Getty Images U.S. health officials said they diagnosed a second patient with the China coronavirus after a Chicago woman returned from Wuhan with the infection, and they are currently monitoring 63
An American Airlines Boeing 777-200 aircraft Nicolas Economou | NurPhoto | Getty Images American Airlines fourth-quarter earnings and revenue came slightly above analyst estimates, despite complications from the grounding of the Boeing 737 Max. The Fort Worth-based carrier on Thursday posted net income of $414 million for the last three months of 2019, up more than 27%
U.S. stock index futures were slightly higher on Friday morning. At around 2 a.m. ET, Dow futures were up 35 points, indicating a positive open of about 46 points. S&P 500 and Nasdaq futures were also just above the flatline. Global equities have been subdued recently by fears of the China coronavirus spreading, with the
American Express reported fourth-quarter results that beat analyst expectations, sending the stock higher as card fee revenues grew more than expected. The shares rose 2% in premarket trading Friday. Here’s how the payments company’s results compared to what Wall Street analysts expected: Earnings: $2.03 per share vs $2.01 per share forecast by Refinitiv Revenue: $11.365
With more and more student loan borrowers falling behind, it’s clear many people need a way to make their monthly bills more manageable. Enter income-driven repayment plans, which some 8 million borrowers are enrolled in. In theory, the plans are simple: Borrowers’ bills are capped at a portion of their income. Some payments wind up
A Chinese passenger that just arrived on the last bullet train from Wuhan to Beijing is checked for a fever by a health worker at a Beijing railway station on January 23, 2020 in Beijing, China. Kevin Frayer | Getty Images China’s National Health Commission said as many as 25 people have died from a
Intel CEO Robert “Bob” Swan announces the company’s Tiger Lake chips at the technology fair CES. Christoph Dernbach | picture alliance | Getty Images Intel shares jumped as much as 7% in extended trading on Thursday after the chipmaker reported better-than-expected fourth-quarter earnings, extending a rally that’s pushed the stock to its highest since the