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
Dow Inc. beat Wall Street estimates for profit in the third quarter as it cut costs to offset a sharp slowdown in demand for the chemicals it makes for plastics and other manufacturing, sending shares almost 2% higher. An oversupply of ethylene and polyethylene as well as the impact of U.S.-China trade tensions on demand
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
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,
Twitter CEO Jack Dorsey speaks during a press event at CES 2019 on January 9, 2019 in Las Vegas, Nevada. David Becker | Getty Images News | Getty Images Payments giant Square is getting into stock trading. The San Francisco-based company will offer users the ability to trade individual stock on its Cash App, for
The Los Angeles Fire and Police Pension System voted on Thursday to fire Fisher Investments, pulling about $522 million from the money manager. The nine-member board of commissioners voted in favor of terminating the relationship with the Camas, Washington-based firm, following lewd comments Ken Fisher had made at an investment conference on Oct. 8. The
Goldman Sachs has joined the flight of institutional investors from Fisher Investments. The giant investment bank is pulling $234 million from Camas, Washington-based Fisher, according to a source close to the matter. However, the end tally could be even greater, a source told CNBC. Goldman Sachs and Fisher Investments both declined to comment. In all,
Thanks to the financial rewards offered by the SEC, CFTC, DOJ, IRS and other whistleblower programs, trustees and pension boards today—for the first time—have a fiduciary obligation to report wrongdoing to regulators and law enforcement. If they don’t, they may be shortchanging beneficiaries and participants. It is well settled law that trustees, pension boards
High five to the smart business owner who uses a Solo 401(k) to lower the taxes on their S-Corp. Getty Nobody likes paying more taxes than they need too. Small business owners are lucky to have many opportunities to keep more of their hard-earned money through expert tax planning. One of the biggest ways to slash
Century Plaza dbox “Nobody walks in L.A.” This has been the city’s mantra for decades, but a $2.5 billion large scale development is on track to bring nearly six acres of pedestrian-friendly mixed-use space to a neighborhood largely known for its skyscrapers, office buildings and the filming lots of Fox Studios. Such a high-profile redevelopment
Florida Republican gubernatorial candidate Ron DeSantis speaks during a debate in Tampa, Florida, October 21, 2018. Chris O’Meara | Pool | Reuters Florida Gov. Ron DeSantis threw his support Thursday behind two bills allowing college athletes to make money from endorsement deals, joining New York in pushing for quick legislation responding to California’s new “Fair
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images PayPal had a break-out quarter, sending its stock surging after reporting earnings. The payments company beat Wall Street’s estimates across the board for the third-quarter results Wednesday evening. Investors applauded the outperformance, sending PayPal shares up more
Markets are braced for the Fed to cut rates by a quarter point next week, but some economists say a few of the reasons the Fed gave for making the cuts may be less pressing now. Some see the Fed pausing after the Oct. 30 cut. Goldman Sachs economists, in fact, expects the Fed to
Facebook CEO Mark Zuckerberg is back in Washington this week arguing for libra, the digital currency his company created. This, after he last week made the case in front of an audience at Georgetown University that Facebook’s future, its past and its reason for being are all tied up in free speech. So, what’s at
Ark Investment Management founder and CEO Catherine Wood told CNBC that Thursday’s surge in Tesla stock is just the beginning of an eventual rise to $4,000 per share and possibly beyond. “Some of the shorts are covering” as Tesla shares see their best single-session gain in six years, said Wood, whose firm owns a considerable
Hill Street Studios | Getty Images Even if you’re still deciding how you’re going to vote next Election Day, you could already be taking political sides with your investments. New research examines whether mutual fund managers put more money in companies that are led by executives who share their political ideologies or party affiliations. And
In 2006, while the Federal Funds rate sat at near 5%, the notion of negative interest rates hitting the U.S. seemed absurd. Fast-forward to today and the thought of rates turning negative isn’t so far-fetched. As the world reacted to the slow growth following the 2008 recession by pushing down rates in an effort to
The robots are coming for the tax planners, but from what I can see, we will probably last longer than the truck drivers. This is my tentative conclusion from poking around with Blue J Legal’s Tax Foresight. I spoke with CEO Ben Alarie about the company and the product. Then he had his team give
By Gretchen Brown, Next Avenue Contributor Getty Julie (who prefers to use a pseudonym for this story), 54, wants to get her daughter through college without incurring any student loans for the $30,000 annual tuition. So, she helped fund her daughter’s freshman year by taking out a kind of second mortgage — a home equity
A Spirit Airlines airplane takes off from Newark Liberty Airport. Gary Hershorn | Getty Images U.S. budget carrier Spirit Airlines has agreed on a provisional deal to buy 100 Airbus single-aisle jet planes. Spirit Airlines said late Wednesday that it had signed a memorandum of understanding (MOU) with the European plane-maker that includes a mix