A shopper is seen in a Target store in the Brooklyn borough of New York. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Target — Target shares surged more than 11% to an all-time high on the back of quarterly numbers that beat expectations. The retailer posted a profit of
Lloyd Blankfein, former Goldman Sachs CEO, told CNBC on Tuesday the pay disparity between CEOs and rank-and-file employees is really no different from what on-air television personalities get paid compared with behind-the scenes workers. Defending well-paid CEOs, who have become punching bags in the wealth inequity discourse of the Democratic presidential primary race, Blankfein responded
Target CEO Brian Cornell appears on CNBC after ringing the opening bell at the New York Stock Exchange on the morning of November 28, 2014 in New York City. Getty Images Target is far and away the best performing retail stock of 2019. After reporting third-quarter results on Wednesday that crushed Wall Street’s expectation, Target
Gorodenkoff | iStock | Getty Images Just in the past month, Scott Van Den Berg, president of Century Management Financial Advisors, has added cybersecurity to the firm’s insurance coverage. Now, in the event there is some kind of breach, the insurance company will help send a team to the office, have bitcoin accounts at the
Moyo Studio | E+ | Getty Images If you have one resolution for 2020, make it to clear the decks on your credit card debt. About 2 out of 3 consumers with credit cards have been toting the same balance or higher over the last decade, according to a recent survey from Bankrate.com. The personal
“God will prepare everything for our perfect happiness in heaven, and if it takes my dog being there, I believe he’ll be there.”~The Reverend Billy Graham It’s peculiar that the origin of the word “dog” is essentially unknown. It is true that theories abound such as that the term was derived from the Old Germanic
Economic Security Planning, Inc. Today’s column addresses what happens when benefits are withheld due to the earnings test, when spousal benefits might be available, public pensions and spousal benefits, survivor benefits and how excess spousal benefits are calculated. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
Tamara Day of HGTV’s Bargain Mansions Paul Versluis Virtual interior decorating has become a major trend in recent years. From Modsy to Havenly and others, consumers have found these services to be more useful, affordable and accessible than hiring a traditional designer. Several months ago, one of HGTV’s hosts, Tamara Day of Bargain Mansions threw her hat
Sheikh Mohammed bin Rashid Al Maktoum, United Arab Emirates vice president and prime minister, center blue sandals, passes a Boeing Co. 787-10 passenger aircraft, operated by Emirates Airlines, during the 15th Dubai Air Show at Dubai World Central (DWC) in Dubai, United Arab Emirates, on Monday, Nov. 13, 2017. Natalie Naccache | Bloomberg | Getty
Shoppers arrive at a Home Depot Inc. store in Louisville, Kentucky, U.S., on Monday, Feb. 25, 2019. Luke Sharrett | Bloomberg | Getty Images Home Depot reported quarterly earnings that outpaced analysts’ expectations but sales fell short. Shares of Home Depot were down more than 5% in premarket trading. Here’s what the company reported compared
Robinhood co-founder and co-CEO Vlad Tenev speaks onstage during the TechCrunch Disrupt New York event on May 10, 2016. Noam Galai | Getty Images for TechCrunch Financial technology start-up Robinhood is gearing up to launch its commission-free stock trading app in the U.K. The Menlo Park, California-based firm said Wednesday that it was opening a
The top 1% of taxpayers would likely avoid about $5 trillion in taxes over the next decade unless the IRS improves its enforcement, according to a new analysis. A research paper by Lawrence Summers, the former Treasury Secretary, and finance professor Natasha Sarin found that lax enforcement by the Internal Revenue Service has led to
NYU Stern professor Aswath Damodaran, known as the “Dean of Valuation” for his company analyses, says that Aramco more or less valued their IPO correctly, but that he still wouldn’t invest because of the inherent limited upside as well as the political risk that surrounds the world’s largest oil company. Valuing the company from three
Many Americans are feeling pretty good about their financial future, at least over the next year. In the latest CNBC Invest in You survey, 43% said they think they and their families will be better off financially a year from now. Of those polled, 42% said their situation will be the same, and 13% said
When an aging parent is diagnosed with dementia of any kind, it can be devastating and confusing to the family. For some, there is denial:”it’s not that bad, I don’t see anything wrong with her, and let’s just let things stay the same for now.” For others, there is overreacting and trying to push the
Are you wondering if you should convert your retirement account to a Roth by the end of the year? After all, there’s no income limit on IRA conversions and many employers are now allowing employees to convert their company retirement plan balances to Roth while they’re still working there. At first glance, it may sound
Bedroom in 50 West StreetEasy via Time Equities Inc. Longing for a master bedroom? A hideaway big enough for a king-sized bed, with a private bathroom and maybe even a walk-in closet. Many dream of a home where there is one such sanctuary, let alone two. But as builders work to accommodate the needs of
LOS ANGELES – Audi on Tuesday unveiled the all-electric e-tron Sportback with tech-savvy features such as camera-based “side mirrors” and a new dynamic lighting system. There’s a problem though. The two new technologies are illegal in the U.S. due to what some consider to be outdated safety regulations from the National Highway Traffic Safety Administration.
Source: Medtronic Medical device maker Medtronic reported a 22.3% jump in quarterly profit on Tuesday, buoyed by higher sales in its surgical instruments and restorative therapies businesses. Net income attributable to the company rose to $1.36 billion, or $1.01 per share, in the second quarter ended Oct. 25, from $1.12 billion, or 82 cents per
A shopper exits an Urban Outfitters store in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Urban Outfitters tanked more than 15% during extended trading after the retailer reported a third-quarter earnings miss on the top and bottom line. The company posted earnings