Microsoft is on a mission to become carbon negative in the next decade and CNBC’s Jim Cramer thinks the ambitious plan has some teeth to it. “I think they can do it because, remember, they are a powerful force — maybe the most powerful, especially when it comes to data centers, of almost any company
In this arranged photo, a UnitedHealth Group health insurance card is seen in a wallet in this picture illustration October 14, 2019. Lucy Nicholson | Reuters UnitedHealth reported a better-than-expected quarterly profit on Wednesday, as the largest U.S. health insurer managed to control medical costs and made gains with the unit that houses its pharmacy
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020. Brendan McDermid | Reuters What investors are willing to pay for stocks relative to their long-term earnings growth expectations is at an all-time high, according to Bank of America. The price-earnings to growth ratio, commonly called
Mexico’s Ministry of Tourism announced in 2001 it was developing a program to highlight the most beautiful and culturally-rich towns in the country. With more to offer than just beach resorts, ports of call and salt-rimmed margaritas, Mexico focused on the small towns and villages that best represent regional traditions, history, festivals and food. The
Aerion Supersonic as2 NEW YORK CITY – Supersonic air travel is only a few years from returning if a small U.S. company succeeds in developing its next-generation jet. Nevada-based Aerion expects to begin flying its AS2 supersonic jet by 2024, the company’s CEO Tom Vice said on Thursday, speaking at a UBS conference in New
John Fedele This year, the IRS will let you slide on a penalty if you didn’t have health insurance in 2019. Your home state, on the other hand, may not be so forgiving. The 2019 tax year marks the first time that filers won’t be required to carry qualifying health-care coverage under the Affordable Care
At American Apparel’s peak, the fashion retailer was synonymous with made-in-LA hipster cool and provocative advertising. It was known for manufacturing its products in Los Angeles and paying workers a proper wage in an industry known for poor working conditions. It was also known for its founder, Dov Charney. Retail experts say in some ways,
The Bank of New York Mellon on Wall Street, New York. Scott Mlyn | CNBC Bank of New York Mellon missed analysts’ estimates for quarterly profit on Thursday, as the world’s largest custodian bank earned less from its interest-earning assets due to rate cuts by the Federal Reserve. Big U.S. banks that reported results earlier
The “Fast Money” traders shared their first moves for the market open. Steve Grasso was a buyer of Shake Shack. Karen Finerman was a buyer of American Airlines. Dan Suzuki was a buyer of MSCI. Guy Adami was a buyer of Newmont Goldcorp. Disclaimer Trader disclosure: Karen Finerman’s firm is long ANTM, C, CBS, CPRI, FB, FDX,
If you waited more than a month for the IRS to process your tax return and get a refund last year, you’re in good company. While the IRS prevented $2.7 billion in refunds from being issued to fraudsters between Jan. 1 and Sept. 30, 2019, more than a few legitimate tax returns were held up
James Gorman David A. Grogan | CNBC Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: 99 cents a share, 24% higher than a year earlier, according to Refinitiv Revenue: $9.72 billion, 14% higher than a year earlier Wealth management: $4.39 billion, according to
Ariel Skelley Personal finance website WalletHub is out with another list of the best states in which to spend your retirement. Factoring in affordability, quality of life and health care, Florida came in first. Yet a recent ranking by Business Insider dubbed Mississippi the winner. Nebraska took the title in another list last year compiled
Getty I hope last week’s Iran head-fake didn’t have you thinking about buying so-called “safe” dividends like Treasuries. Because these tired income standbys aren’t safe at all! With your nest egg yielding a pathetic 1.9%, you’re guaranteed losses, with inflation running at 2.1%. So today we’re going to make a simple contrarian move that will:
Social Network Backgrounds Getty The Gig economy has been expanding rapidly over the past decade and the number of users involved with platforms like Uber, Lyft & Airbnb has grown exponentially. The IRS recently launched the Gig Economy Tax Center on www.irs.gov. This is a brand new section of the IRS website dedicated to help
Photo: Getty There’s a reason many high-net-worth individuals still consider real estate the best investment you can make today: it’s a solid foundation for building wealth. If you invest wisely in one property that appreciates over time, you can use the residual income generated to acquire more properties and continue to expand your assets. Real
From the veranda of the Ayana Komodo Resort, a long wooden pier snakes into the rugged sea off Waecicu Beach. At sunset, the sky explodes with fiery showers of color. It’s a perfect picture for the Instagram Age, with dozens of delicious, chocolate-chip shaped islands sprinkled across the horizon. The five-star resort opened in September
Laurence “Larry” Fink, chairman and chief executive officer of BlackRock. Chris Goodney | Bloomberg | Getty Images BlackRock, the world’s largest asset manager, beat analysts’ estimates for quarterly profit on Wednesday, as more money rolled into its cash management business and exchange-traded funds amid concerns of slowing global growth. The company attracted $128.84 billion in
A peacock in Ranthambore, India. Travelographer 1 | 500px Prime | Getty Images In what’s become a right of passage in the world of media and entertainment, Comcast‘s NBCUniversal will unveil Peacock, its new video streaming service, during the company’s investor day Thursday in New York. Peacock is the last of the known major media
“Jeopardy” contestant Ken Jennings visits the Build Series to discuss the television event “JEOPARDY! The Greatest of All Time” at Build Studio on January 06, 2020 in New York City. Gary Gershoff | Getty Images It’s official, Ken Jennings is the greatest “Jeopardy!” contestant of all time. He won the third match in the “Greatest
CNBC’s Jim Cramer said Wednesday that “tariffs worked” as a means to prod China to agree to a phase one trade deal with the United States. “I keep wondering when people are going to recognize that it is historic that tariffs did succeed,” Cramer said on “Squawk on the Street,” shortly before U.S. and Chinese