Elizabeth Holmes leaves a federal courthouse in San Jose. Meghan Mariani Defense attorneys for former Theranos CEO Elizabeth Holmes and Sunny “Ramesh” Balwani criticized prosecutors Wednesday for stalling to turn over what they call key documents that would clear their clients. “The evidence produced so far confirms our belief that certain documents directly contradict allegations
Traders work on the floor of the New York Stock Exchange on August 14, 2019 Spencer Platt | Getty Images One of the market’s most important players is losing its mojo. Corporate America’s share buybacks, which hit a record of over $1 trillion in 2018 on the back of a tax overhaul, have begun to
Tyler Huck, his wife Claire and daughter Camryn. Source: Tyler Huck When Tyler Huck graduated from college in 2008, it was smack in the middle of the financial crisis. That shaped his views on money and investing. “I saw friends, family lose heavy money on real estate,” Huck said. “I saw parents lose heavy money
Share to facebook Share to twitter Share to linkedin Historical data shows October isn’t always a bad month. AFP/Getty Images Topline: The stock market’s rough beginning to the month has some investors recalling other awful Octobers in the past—but history suggests there may not be a reason to panic yet. October is known for huge
Getty If you made a purchase on the internet yesterday, you might have noticed something different: sales tax. Changes in sales tax compliance laws for remote sellers and marketplace in more than a dozen states kicked in beginning October 1, 2019. More than 40 states have tweaked their sales tax laws since a 2018 Supreme Court
In this Tuesday, April 16, 2019, photo, an apartment building under construction nears completion in downtown Orlando, Fla. (AP Photo/John Raoux) ASSOCIATED PRESS Apartment construction was expected to peak in 2016/2017 according to many industry watchers and participants, but evidently the market didn’t get the memo. It seemed like the boom in rental apartment buildings
A interview with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this interview, Howard discusses what he has learnt from the history of financial markets and how this has aided his investment decision making. Howard also talks about how he views risk and the market cycles. ???? Books by Howard Marks
Andy Ramkumar, who works at Gotham Vape in Queens, vapes at the store on September 17, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images Doctors researching the cause of a sudden respiratory illness that’s killed at least 16 people in the U.S. since July say a mix of “toxic
Stitch Fix‘s active client base grew 18% year over year, reaching 3.2 million people, the online styling service said when it reported earnings after the bell on Tuesday. That’s about in-line with the 3.23 million analysts were expecting, according to FactSet. This number tracks the total number of users who’ve received a box of clothing
Dan Dalton | Getty Images So far, businesses in the services sector have been growing at a decent pace and withstanding the headwinds that have hit manufacturing. Economists expect services remains strong but at a slightly slower pace than last month. The next reading to gauge the progress of that sector is Thursday’s 10 a.m.
CNBC’s Jim Cramer believes Wall Street should be much more afraid of Bernie Sanders in the White House of than of Elizabeth Warren. Vermont Sen. Sanders, who describes himself as a Democratic socialist, wants to “make people who are billionaires lower than billionaires,” Cramer said on “Squawk on the Street” on Wednesday. Sanders is “basically
Pedestrians walk outside an E*Trade Financial office in New York. Daniel Acker | Bloomberg | Getty Images Retail brokerage firm E-Trade announced Wednesday it will drop commission fees on online U.S. stock, ETF and options trades. The move comes within a week of Interactive Brokers, Charles Schwab and TD Ameritrade all dropping their commission fees.
Sean Murphy | Stone | Getty Images If you’re taking a hefty check from your 401(k) plan as you leave your employer, you might be making a big mistake. Just over 9 out of 10 employers give their employees multiple options to take a distribution from their retirement plan, according to a new survey from
Source: Stock.Adobe.com How to invest as the economy cracks Impeachment talk is flying around social media. Polls are being taken, and so are sides in the battle. But I am here to tell you that as an investor, it is not what matters right now. Because whatever happens in the accelerating impeachment saga, the immediate
Where are we to turn for high, safe dividends these days? Certainly not 10-Year Treasuries, unless you think you can scrape by on their 1.7% yields. I’ll save you the calculation: you can’t, because that yield matches the inflation rate to the decimal point. Your “true” income? $0. The S&P 500 isn’t much better: for
In a strong market it’s possible to sell almost anything. Great properties are snapped up quickly in bidding wars. Less than perfect properties can move fairly easily when there’s high demand too. When the market is strong you’re closing deals nearly every day, and life is great! But when there’s a shift, all of this
Check out the companies making headlines before the bell: Lennar – The homebuilder reported profit of $1.59 per share for its third quarter, beating the consensus estimate of $1.32 a share. Revenue also exceeded Wall Street forecasts. The volume of new orders rose 9% from a year earlier, although the dollar value of those new
New homes for sale by Lennar home builders. Getty Images Lennar reported a better-than-expected profit on Wednesday, as cheaper mortgage rates led to higher demand for its homes. The No. 2 U.S. homebuilder’s shares rose more than 2% before the opening bell. The company said its orders, a key indicator of future revenue, rose 8.5%
Dow Jones Industrial Average drops 343 points The Dow dropped 343.79 points, or 1.27% to 26,573.04. The S&P 500 slid 1.23% to close at 2.940.25. The Nasdaq Composite fell 1.13% to 7,908.68 The sharp decline came after disappointing manufacturing data spooked investors. ISM manufacturing dents stocks to start off first quarter Stocks fell after the
Monster Beverage Corp. drinks. David Paul Morris | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Wednesday: Guggenheim downgraded Monster Beverage to ‘neutral’ from ‘buy’ Guggenheim said its downgrade that it thinks the stock will be “range bound” for the next 6-9 months. “We are downgrading Monster to NEUTRAL (from