CNBC’s Jim Cramer said Thursday he still believes Apple’s stock is undervalued, even with nearly 60% run higher in 2019, nearly triple the pace of the overall stock market this year. “This is a company that has a multiple that’s way too low given the fact that it’s consistent and China does not seem to
MACON, Ga. — At 5:01 a.m. on Thursday October 24, Dr. Wayne Johnson, who was hired by the Trump administration to oversee the country’s $1.6 trillion in student loan debt and its 44 million borrowers, submitted his resignation letter to Education Secretary Betsy DeVos. Around an hour later, Johnson made an announcement that hurled him
Getty What happens to an Individual Retirement Account when the IRA owner dies? It can be a quick online process: The custodian bank or wirehouse transfers the IRA assets into an inherited IRA that the beneficiary can hold onto for life—or cash out. So why in Donna Aliberti’s case did it take two and a
US President Donald Trump and First Lady Melania Trump at Trump’s Mar-a-Lago resort in Palm Beach, … [+] Florida on April 17, 2018. MANDEL NGAN/AFP via Getty Images In a bold move, President Donald Trump changed his legal domicile from New York to Florida–from his glitzy Trump Tower on Manhattan’s Fifth Avenue to his Mar-a-Lago
This is the second installment in an exploratory and investigative series called “How To Do Opportunity Zones Right.” This series will highlight Opportunity Zone projects, investments, collaborations, ideas and important happenings across the country that seek to meet the original intent of the Opportunity Zone legislation. The purpose of the Opportunity Zone legislation is to
FBI agents walking into the home of United Auto Workers President Gary Jones after removing materials from the location on Wednesday, Aug. 28, 2019. Michael Wayland/CNBC DETROIT – The scope of an ongoing federal corruption probe into the United Auto Workers continues to widen as the union attempts to solidify new labor contracts with the
Carl Court | AFP | Getty Images Oil giant Royal Dutch Shell reported a 15% fall in third-quarter net profit on Thursday, citing lower energy prices and chemicals margins. Net income attributable to shareholders on a current cost of supplies (CCS) basis, used as a proxy for net profit, and excluding identified items, came in
Metal worker Andy Mattingly operates a siphoning crucible in the pot room at Century Aluminum Company in Hawesville, Kentucky, May 14, 2019. Bryan Woolston | Reuters An update on manufacturing activity Friday could provide a much more useful picture of the economy than the October employment report, which is expected to be unusually weak due
The Pentagon warded its Joint Enterprise Defense Infrastructure (JEDI) contract to Microsoft late last week. The JEDI contract is worth up to $10 billion over 10 years, but just as valuable as the money, it’s also worth bragging rights and street cred. This was supposed to be Amazon’s contract to lose. Amazon practically invented enterprise cloud
Exxon and Chevron report earnings on Friday before the bell as energy companies continue to struggle, pressured by falling oil prices, waning demand and squeezed margins. The Street is expecting Exxon’s earnings to plummet by more than 50% from a year ago. For Chevron, it’s a more modest 29% decline. Exxon Exxon is expected to
Thomas Barwick | Getty Images Financial advisors and wealth managers counsel others on money matters. Doling out financial advice is their bread and butter. And like doctors who turn to other physicians when they’ve got their own aches and ailments, financial advisors often rely on others’ opinions when planning their own finances. And, in some
Former Massachusetts Governor and Republican presidential candidate Mitt Romney is interviewed at the Silicon Slopes Tech Conference on January 19, 2018 in Salt Lake City, Utah. George Frey | Getty Images Sen. Mitt Romney, R-Utah, is taking the lead on a new proposal aimed at fixing funding shortfalls for Social Security, Medicare and the nation’s
PHILADELPHIA – FEBRUARY 23: Newspapers await purchase as pedestrians pass by honor boxes at the … [+] Philadelphia Inquirer Building February 23, 2009 in Philadelphia, Pennsylvania. Philadelphia Newspapers LLC, owner of The Philadelphia Inquirer, Philadelphia Daily News, and Philly.com, filed for bankruptcy protection Sunday in an attempt to restructure the company’s debt, estimated at $390
DES MOINES, IA – AUGUST 10: Former mayor of New York City, and Everytown for Gun Safety founder, … [+] Michael Bloomberg speaks during a forum on gun safety (Photo by Stephen Maturen/Getty Images) Getty Images Whatever else they do, the wealth taxes proposed by senators and Democratic presidential hopefuls Elizabeth Warren (D-MA) and Bernie
Micahel Turchin and Lance Bass at the launch of Dirty Pop at Mondrian Los Angeles. www.startraksphoto.com/SBE While design has been of the utmost importance for restaurants, hotels, and nightclubs, in recent years, its emphasis has increased exponentially because of social media. When ordinary customers, influencers and celebrities are going to take photos and share it
1. Stocks set for lower open on worries about US-China trade deal Spencer Platt | Getty Images News | Getty Images U.S. stock futures were largely pointing to a lower Thursday open on Wall Street after Bloomberg reported that Chinese officials have been casting doubt over the possibility of a long-term trade deal with the
A Dunkin’ location in Brooklyn, New York. Scott Mlyn | CNBC Dunkin’ Brands Group Inc reported lower-than-expected quarterly same-store sales in its namesake donut and coffee chain on Thursday, as it struggled to attract diners in a crowded breakfast and coffee market in the United States. However, the company raised its full-year earnings per share estimates
Tim Cook, chief executive officer of Apple Inc., speaks about the new iPhone Pro during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 10, 2019. Apple unveiled the iPhone 11 that will replace the XR and start at $699. Photographer: David Paul Morris/Bloomberg via Getty Images David Paul Morris
New Apple Watches Source: Apple Apple turned in stronger than expected fourth-quarter results but a second consecutive quarter of strong growth for wearables impressed analysts, who are looking for the tech giant to innovate beyond the iPhone. “Wearables continue to lead growth. Many investors attributed 50% wearables growth in the June quarter to shorter lead
Carlina Teteris | Moment | Getty Images As you choose your benefits for 2020, don’t overlook a key saving account that could beat your 401(k) plan — at least in terms of taxes. This year, nearly 3 in 10 employers that offer workplace benefits provided a high-deductible health insurance plan along with a tax-advantaged savings