Rachel Robasciotti, CEO of Robasciotti & Philipson in San Francisco, attended the conference where Ken Fisher made his comments on Oct. 8. She spoke out against the remarks. Nathan Phillips Billionaire investor Ken Fisher has made headlines for lewd comments at an investment conference earlier this month. For many women in the financial services industry,
The Federal Reserve just cut interest rates for the third time this year and said it will likely pause from here. That scenario is usually very good for stocks. CNBC used Kensho, a hedge fund analytics tool, to track what happened to the market after the Fed cut interest rates at least three times. In
The Federal Reserve‘s decision to cut interest rates by a quarter point for the third time this year is meant to bolster the economy. Everyday Americans may lose some ground. On the one hand, lower rates often mean cheaper loans, which can impact your mortgage, home equity loan, credit card, student loan tab and car
It’s not always easy to find ways to cut when developing your budget. But there are definitely line items we turn to first. Splurges get axed before any other expense, whether it’s travel or eating out, according to a new survey by credit repair service Lexington Law. What’s often ignored: the low-cost monthly subscriptions. The
Share to facebook Share to twitter Share to linkedin The Fed indicated it would pause the rate-cutting cycle. Samuel Corum/Getty Images Topline: In a widely expected move, the Fed continued its “mid-cycle adjustment” by cutting interest rates to the 1.5% to 1.75% range on Wednesday, but also indicated that it would pause the monetary easing
Rendering of Hope on Alvarado, a new modular housing concept created by HBG Construction Corp, KTGY … [+] Architecture + Planning, and Aedis Real Estate Group. KTGY Architecture + Planning Los Angeles, Calif. — Slated to open in early 2020, Hope on Alvarado is a pioneering concept in affordable housing created by HBG Steel, KTGY Architecture +
Kevin Johnson, CEO, Starbucks Scott Mlyn | CNBC Starbucks will report earnings after the bell Wednesday. The coffee chain’s stock, valued at $100 billion, is up 29% so far this year. Here’s what analysts surveyed by Refinitiv are expecting: Earnings per share: 70 cents expected Revenue: $6.68 billion expected Global same-store sales: 3.95% Investors will be
General Electric‘s stock rose on Wednesday as the industrial conglomerate raised its 2019 forecast after reporting third-quarter earnings and revenue that topped analysts’ expectations. GE shares rose 7.1% in premarket trading from its previous close of $9.07 a share. Here’s what the company reported versus what Wall Street expected: EPS: adjusted 15 cents a share,
Federal Reserve Chairman Jerome Powell said Wednesday that the central bank would need to see a sustained and significant uptick in price pressures before considering future rate hikes. “We just touched 2% core inflation to pick one measure. Just touched it for a few months and then we’ve fallen back,” Powell said from Washington. “So
Mary Smyth | Moment | Getty Images For older adults, perhaps nothing is scarier than the prospect of spending their later years in a nursing home. More than 1 in 2 adults aged 50 and over said that they would rather die than live in a long-term care facility, according to a recent survey from
Former Exxon CEO Rex Tillerson said the company tried to understand the impact of climate change, and tried to accurately communicate the impact to shareholders, as he testified on Wednesday in New York during the second week of a trial against the oil giant. The case, brought by New York Attorney General Letitia James, alleges
If you hate paying taxes, at least it’s a reason to pretend you’re glad you never win big in the lottery. So far this year, the 12 winners who have hit Powerball and Mega Millions jackpots — worth an advertised $3.3 billion in all — have collectively fed roughly $505.5 million to the IRS. And
Financial advisors need a succession plan to ensure their clients’, and the industry’s, future. Andrey Popov | Getty Images Learning to expect the unexpected is a time-honored rite of passage for every small business owner. But when unpredictability strikes in the form of a key executive suddenly resigning or, worse, passing away, the fallout can
A regenerative medicine company in Vancouver, British Columbia that focuses on treatments for nerve damage and neurodegenerative diseases announced it will begin Phase 1 studies in early 2020 on a new treatment for Alzheimer’s disease. NervGen Pharma wants to advance its proprietary therapeutic technology platform, currently in development for spinal cord injury and multiple sclerosis
We are entering the giving season when the majority of charitable donations are made. Most affluent individuals make charitable donations, but the vast majority continue to simply pay cash. That’s the most expensive and inefficient possible method to benefit their charitable causes. It’s easy to write a check or pull out your credit card, but
The Federal Reserve cut rates again. Here’s what it means for you. Getty The Federal Open Market Committee decided to cut the federal funds rate yet again today, lowering its target range to 1.5-1.75%. This marks the third time the Fed has cut rates in as many months. According to the FOMC itself, “Although household
A bad night’s sleep can be stressful, damage our physical and mental wellbeing and impair our performance in day-to-day tasks. CNBC spoke to sleep expert James Wilson, founder of The Sleep Lab — a company that helps businesses develop products and services to solve sleep problems — who shared three steps anyone can take to
A customer rides his bike in front of a Taco Bell restaurant in Novato, California. Justin Sullivan | Getty Images Taco Bell’s parent company Yum Brands reported quarterly earnings on Wednesday that fell short of analysts’ expectations. Shares of the company were flat in premarket trading. Here’s what the company reported compared with what Wall
Check out the companies making headlines before the bell: General Electric – General Electric reported quarterly profit of 15 cents per share, 4 cents a share above estimates. Revenue also exceeded forecasts and GE raised its full-year cash flow forecast. Yum Brands – Yum earned an adjusted 80 cents per share for its latest quarter,
US Federal Reserve Chair Jerome Powell attends a “Fed Listens” event in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images On the eve of the Federal Reserve’s announcement, some on Wall Street started to get flashbacks to Chair Jerome Powell’s communication miscues in the past. “We would not be surprised