Founder, Chairman, CEO and President of Amazon Jeff Bezos gives a thumbs up as he speaks during an event about Blue Origin’s space exploration plans in Washington, U.S., May 9, 2019. Clodagh Kilcoyne | Reuters Amazon shares took a major hit Thursday after its third-quarter earnings fell short of expectations. But one bright spot was
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A man walks by a Sears store. Andy Clark | Reuters Sears’ current owner is exploring potential assets to sell off, including its DieHard brand, The Wall Street Journal reported. Transform Holdco, the retailer’s parent, has hired investment bankers to advise on the potential asset sales, people familiar with the situation told WSJ. Sears did
CNBC’s Jim Cramer said on Friday that Amazon is not in trouble, despite missing on earnings and warning about holiday sales. “It’s a brilliant company,” Cramer said on “Squawk on the Street.” “This stock is a buy by next week, mid-week,” advising investors to wait until the selling clears out before getting in. Shares of
Democratic presidential candidate Elizabeth Warren‘s wealth-tax is not the right idea when it comes to raising government revenue and reducing income inequality in America, billionaire and longtime Democrat Ron Baron told CNBC on Friday. “I don’t think Elizabeth Warren would be successful … if she were chosen president in getting through the policies that she’s proposing,”
An attendee wears a Genius VR headset at the Intel booth during CES 2019 consumer electronics show, January 10, 2019 at the Las Vegas Convention Center in Las Vegas, Nevada. Robyn Beck | AFP | Getty Images Check out the companies making headlines in midday trading. Intel— Shares of Intel surged more than 7% after
Kenneth Fisher, chief executive officer of Fisher Investments, attends the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images The Employees Retirement System of Texas announced on Friday that it would end its relationship with Fisher Investments, yanking $350 million from the asset manager. “Texas
At what age should you see a geriatrician? The easy answer is, there’s no easy answer. Merriam-Webster defines a geriatrician as a specialist in geriatrics, which in turn is defined as a branch of medicine that deals with the problems and diseases of old age and the medical care and treatment of aging people. But
Economic Security Planning, Inc. Today’s column addresses whether dividends and interest are subject to the Social Security earnings test, spousal benefits before retirement benefits, public pensions and restricted applications, retirement benefits before spousal benefits and restating after suspending a retirement benefit. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
Camilo Lopez for Sotheby’s International Realty If you’re going to buy a New York City penthouse, you may as well get the one with the private rooftop pool. An three-bedroom condo at the top of the 17-story 240 Park Ave. South in the Flatiron district of Manhattan is on the market for $30 million. It’s
Amazon‘s third-quarter earnings fell short of street expectations on Thursday, driving its stock down as much as 9% in after hours trading. It also gave dismal revenue guidance for the holiday shopping season, spooking investors who were expecting a huge pay off from Amazon’s growing investments across the company. Here’s what the company reported versus
Indonesian rescue workers help remove a section of a Lion Air Boeing 737 from the sea four days after it crashed while trying to land at Bali’s international airport near Denpasar on April 17, 2013. SONNY TUMBELAKA | AFP | Getty Images Boeing has responded to the public release of Indonesia’s final report on the
The SpaceX Crew Dragon capsule next to the company’s Falcon 9 rocket in a hangar at Kennedy Space Center, Florida. SpaceX In about a week SpaceX expects to conduct a key test of the capsule it is developing to launch astronauts, as the company looks to show it fixed an issue that caused an empty
Sen. Elizabeth Warren, who has been surging in Democratic presidential polls, has been softening her attacks on the rich and could win the White House, a billionaire investment titan and major Democratic donor told CNBC on Thursday. “I think she’s pivoting. I think she could win the election because she’s smart, she’s witty and she
Founder of space company Blue Origin, Jeff Bezos, speaks about the future of commercial space travel. Brent Lewis | Denver Post | Getty Images Check out the companies making headlines in midday trading: Amazon stock plunged more than 7% in after-hours trading after the e-commerce giant reported third-quarter earnings fell short of street expectations. The
A. Wayne Johnson Mirco Lazzari gp | Getty Images A senior government official appointed by Education Secretary Betsy DeVos resigned on Thursday, saying the current student loan system is “fundamentally broken” and calling for billions of dollars in debt to be forgiven. A. Wayne Johnson was hired as the chief operating officer of the Office
Our healthcare landlord Omega Healthcare Investors (OHI) is officially back. This 6% dividend has upside once again. We are about to receive our first payout raise since early 2018, which ends our seven-quarter drought in which the big dividend was paid but not raised. I say “drought” partially in jest because OHI yielded a fat
Share to facebook Share to twitter Share to linkedin Frank Stella’s “Damascus Gate (Stretch Variation I) 1970” has a new life as a 98×18 feet mural in … [+] Boston’s Seaport district. Courtesy of WS Development “Damascus Gate (Stretch Variation I) 1970” was one of the seminal paintings that made Frank Stella one of America’s great
As Wall Street gets through the thick of earnings season, CNBC’s Jim Cramer helps investors make sense of the stocks worth buying here. The “Mad Money” host points out what American companies are performing well in China, despite the trade war. Later in the show he reveals stocks worth picking up in the beaten-down software
A visual representation of bitcoin S3studio | Getty Images The rapid pace of technological change provides a breathtaking opportunity to challenge and change the world. We are moving toward a technology space that is swift, connected and digitized. This will not only reshape industries but also the regulatory frameworks around them. With this in mind,
Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup named Jane Fraser president Thursday, filling a role that has been open since earlier this year. Citi CEO Michael