Check out the companies making headlines before the bell: American Express – The financial services giant earned $2.08 per share for the third quarter, 5 cents a share above estimates. Revenue also came in above analysts’ forecast. American Express also forecast current-quarter revenue growth of 8% to 10%, compared to a consensus estimate of 8.9%.
Real estate mogul Barry Sternlicht told CNBC on Friday that while WeWork has had its failures, there’s still a real business to be found at its core. “This company got a little off of the rails,” said Sternlicht, chairman and CEO of investment firm Starwood Capital, which has about $60 billion in assets under management.
Social Security is a central pillar in retirement security for current retirees and baby boomers. Younger generations are predicting a different outcome. More than 60% of current retirees say their monthly Social Security checks are the primary way they cover their expenses, while just 13% of millennials expect that to be their situation, according to
By Jessica Thiefels, Next Avenue Contributor Nina Bandoni, founder of the Sharing a Journey blog Nina Bandoni Retirement is the perfect time for things like travel and exploring old passions. It can also be a great time to start a business. That was the case for Paul A. Dillon, of the Raleigh-Durham, N.C. area. He
People drink beer on a patio before the arrival of Tropical Storm Dorian in Boqueron, Puerto Rico, … [+] Tuesday, Aug. 27, 2019. (AP Photo/Ramon Espinosa) ASSOCIATED PRESS For most people in the U.S., it’s easy to forget Puerto Rico outside of the occasional still-in-trouble-after-hurricanes story you’ll see. But the picture is much worse than
Share to facebook Share to twitter Share to linkedin This 1200 square foot house, designed by Craig Race Architecture suits a young family well in … [+] Toronto, Canada, built very energy efficiently and sustainably. Photo courtesy of Robert Watson Photography for the upcoming Downsize: Living Large In a Small House published by Taunton Press
A Chinese flag is seen in front of containers at the Yangshan Deep-Water Port, an automated cargo wharf, in Shanghai on April 9, 2018. Johannes Eisele | AFP | Getty Images China released third-quarter GDP figures on Friday showing the economy grew 6.0% from a year ago. Analysts polled by Reuters had expected China’s third-quarter
James Gorman, chief executive officer of Morgan Stanley, fixes his jacket during a Bloomberg Television interview on the sidelines of the Morgan Stanley China Summit in Beijing, China, on Thursday, June 1, 2017. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report third-quarter earnings before the opening bell on Thursday. Here’s
Pigs raised by farmers are seen at Linquan county on December 5, 2018 in Fuyang, Anhui Province of China. Visual China Group | Getty Images BEIJING — China needs more pork imports than ever as the country grapples with an outbreak of a swine disease — and that could become a business opportunity for U.S.
David Solomon of Goldman Sachs & Co. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs CEO David Solomon says the bank’s stake in WeWork is still profitable, even after the company suffered a number of valuation cuts and now faces a bailout crisis. “That was an investment we made a number of years ago
John Lund | Getty Images Despite the red flags flapping for the economy, many Americans say they’re not financially prepared for the next recession. Two in 5 people say they’re not ready for an economic downturn in the next year, according to a new Bankrate poll. (Some 2,600 people were interviewed at the end of
Expanding Social Security is wise policy. Voting to expand Social Security is winning politics. Indeed, generations of Democrats won election after election by running on Social Security, a program that improves the financial security of working families across America. For decades after Social Security’s enactment, Congress improved and expanded the program, always increasing revenue to
Reducing taxable income can help prevent taxpayers from climbing into a higher tax bracket or … [+] triggering the 3.5% Medicare surtax. Your AGI and MAGI also help determine your eligibility for tax credits, retirement contributions and other deductions. Getty For most taxpayers, there isn’t a magic bullet to reduce taxable income to the extent
Casa Encantada Front Entrance Simon Berlyn Bel Air has hit the stratosphere once again. Casa Encantada, the 60-bedroom home belonging to Gary Winnick (founder and chairman of Global Crossing, who has previously appeared on several of Forbes’ Wealthiest lists) has officially come on the market with an asking price of $225 million, as the L.A.
CNBC’s Jim Cramer said Thursday that resolutions to a pair of major trade issues would be a boon to the stock market, arguing it’s time investors factor positive conclusions into their strategy. “What happens to the stock market if Larry is right and we get a new trade deal with Mexico and Canada before Thanksgiving
The Honeywell International sign sits outside of the company’s former global headquarters in Morristown, New Jersey, on Friday, Jan. 26, 2007. (Photo by Daniel Barry/Bloomberg via Getty Images) Bloomberg | Bloomberg | Getty Images Diversified manufacturer Honeywell International fell short of Wall Street estimates for quarterly revenue on Thursday and cut its full-year sales forecast,
Pedestrians pass in front of an E-Trade location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of E-Trade whipsawed during extended trade Thursday, first climbing about 4% immediately after the market close before slipping and settling about 1.4% below the closing price following the company’s third-quarter earnings
Goldman Sachs CEO David Solomon said Thursday that the company is just starting to build out its consumer-facing digital banking offerings. “We’re building for the long term. I feel good about the progress that we’re making,” the Goldman chief said in an interview with CNBC’s Wilfred Frost. “I think we’re in the early stages of
Couple getting financial advice Getty Images Financial advisors are experts at helping clients plan for their futures. It turns out that many of these professionals often fall short when it comes to their own businesses. That’s according to a study from the Financial Planning Association, a professional membership organization, and SEI, a provider of wealth
Hero Images | Getty Images Even if Medicare’s open enrollment period sounds like a big snore fest, you might sleep better next year if you take advantage of it. For the program’s 60 million beneficiaries, that yearly fall window — Oct. 15 through Dec. 7 — offers the chance to make changes that take effect