Thomas Barwick The group that oversees certified financial planners is making it tougher for consumers looking for a new advisor to find out how a particular CFP gets paid. The CFP Board of Standards — a nonprofit that governs the CFP designation, held by 86,000 financial advisors in the U.S. — erased a part of its
Tory Burch Source: Brigitte Lacombe Tory Burch, the fashion icon who launched a preppy-chic lifestyle brand in 2004 that now tops $1.5 billion in sales, is on a mission: to advance women empowerment and entrepreneurship by shattering stereotypes and creating new norms. Inspired by her own experience as a working mother launching a business, in which
GM CEO and chairman Mary Barra speaks during the company’s “EV Day” on March 4, 2020 at the company’s tech and design campus in a Warren, Mich., a suburb of Detroit GM DETROIT – General Motors will spend more than $20 billion through 2025 on its next-generation of all-electric and autonomous vehicles as it aims to gain
Larry Culp, CEO, General Electric Scott Mlyn | CNBC General Electric on Wednesday reiterated its 2020 cash and profit targets but warned its first-quarter cash flow would take a hit of $300 million to $500 million due to the coronavirus outbreak. Shares of GE, which employs thousands of workers in China and had been seen
Former Vice President Joe Biden, 2020 Democratic presidential candidate, smiles during an primary night rally in the Baldwin Hills neighborhood of Los Angeles, California, U.S., on Tuesday, March 3, 2020. Patrick T. Fallon | Bloomberg | Getty Images Stocks came back in a big way Wednesday, with many Wall Street firms attributing the relief rally
Hermes Birkin bags Mehdi Fedouach | AFP | Getty Images The artist Jean-Michel Basquiat has nothing on the Birkin bag. Handbags were a far better investment last year than art, according to according to a new report. While art had an overall return of 5% in 2019, handbags clocked in a 13% gain, making it
Trader on the floor of the New York Stock Exchange. Lucas Jackson | Reuters The market’s swift decline from record highs sparked by the coronavirus outbreak has left investors wondering when the bleeding will stop. On Feb. 19, the S&P 500 hit an all-time high. Just a week later, the broad market average traded in
Pink piggy bank on top of stack of books with dark blackboard or chalkboard background using as cost of knowledge and education, savings for college or scholarship concept. Nuthawut Somsuk With the stock market tumbling amid the coronavirus outbreak, you might be worried about meeting your financial goals. And if you had hoped to tap
Regeneron CEO Leonard Schleifer told CNBC on Tuesday that the pharmaceutical company hopes to have its coronavirus treatment produced and ready for human testing possibly by August. “How quickly that can deployed will depend on some of the early data that we have, some animal data, what we will see in patients,” Schleifer said on “The Exchange.”
Nordstrom said Tuesday it is changing its leadership structure to retire its co-presidency, and naming Erik Nordstrom as its sole CEO. It announced the changes as it reported fourth-quarter earnings and sales that missed analysts’ estimates, sending shares tumbling. Its stock initially cratered more than 10% in after-hours trading following the release. Shares were recently down
The Federal Reserve made an emergency cut in interest rates after officials saw the coronavirus was having a material impact on the economic outlook, Chairman Jerome Powell said Tuesday. Powell held a news conference following the central bank’s decision to cut overnight interest rates by half a percentage point. He said the Fed “saw a
Confusingly named, enticingly remote and increasingly popular, the chilly island of Greenland is fast becoming the dark horse of 2020 travel destinations. Before planning their trips, most visitors know little about the Arctic destination beyond vague ideas about its misleading nomenclature — “Greenland is icy whereas Iceland is green, right?” — or its link to
People inside the offices of JP Morgan Chase in New York City. Getty Images Bank stocks sold off in unison on Tuesday following the Federal Reserve’s emergency rate cut to combat an economic slowdown triggered by the fast-spreading coronavirus. The weakness by the group kept the overall markets’ gains in check. Shares of JPMorgan and
In a rare move, the Federal Reserve announced an emergency rate cut of 50 basis points in response to the growing threat from the coronavirus outbreak. It’s the first time the Fed has cut rates by half a percentage point since late 2008. “The fundamentals of the U.S. economy remain strong,” Fed Chairman Jerome Powell said
Passengers arrive at LAX from Shanghai, China, after a positive case of the coronavirus was announced in the Orange County suburb of Los Angeles, California, January 26, 2020. Ringo Chiu | Reuters North Carolina health officials confirmed the state’s first COVID-19 case — a patient from Wake County who traveled to Washington state. Local health
Dina Rudick | The Boston Globe | Getty Images Kohl’s shares rose Tuesday morning as the retailer reported quarterly earnings and net sales that beat analysts’ expectations. CEO Michelle Gass said the chain saw an “acceleration of traffic,” and new customers in stores and online, with Kohl’s launching a slew of new brands ahead of
A pedestrian carries a Nordstrom shopping bag in Chicago. Christopher Dilts | Bloomberg | Getty Images Check out the companies making headlines after the bell. Nordstrom — Shares of the fashion retailer dipped 8% in extended trading after the company missed analysts’ expectations on both earnings and revenue for the fourth quarter. The company reported earnings
When it comes to real estate, $1 million doesn’t go as far as it used to — especially in the world’s top cities. In Monaco, the world’s most expensive city on a per-square-foot basis, $1 million gets you 162 square feet of prime real estate, according to a report from real estate brokerage firms Douglas Elliman
Robinhood reported technical issues for a second day following an outage that kept clients from trading on a historic market rally. As U.S. stocks traded actively again Tuesday in wake of a surprise Fed rate cut, Robinhood reported a “major outage” for trading across its platform. Earlier updates on the site said that all trading
Zelma Brezinska / EyeEm New York’s new ban on plastic bags is, on its face, an effort to reduce consumer waste. It likely also offers an important lesson on consumer psychology and how we think about money. As of Sunday, most businesses in the state can no longer offer single-use plastic bags to consumers. Several