Todd Haselton | CNBC Canada’s BlackBerry on Tuesday cut the top end of its current fiscal-year revenue forecast and posted lower-than-expected quarterly revenue, hit by weak demand for its software amid increasing competition. U.S.-listed shares of the company fell nearly 12% before the bell. Once known for its phones, BlackBerry has pivoted to selling software
If Democrats pursue an impeachment of President Donald Trump, it could rattle markets and create temporary uncertainty, but the GOP-led Senate may not go along with any effort to oust Trump or stop any of the president’s economic initiatives. House Speaker Nancy Pelosi told reporters she would have an announcement at 5 p.m. ET Tuesday,
Amazon CEO Jeff Bezos announces Blue Moon, a lunar landing vehicle for the Moon, during a Blue Origin event in Washington, DC, May 9, 2019. Saul Loeb | AFP | Getty Images Jeff Bezos would pay about $9 billion in taxes this year under Sen. Bernie Sanders’ proposed wealth tax. As part of his primary campaign
U.S. President Donald Trump walks toward journalists as he departs the White House for a campaign rally in Pennsylvania May 20, 2019 in Washington, DC. Chip Somodevilla | Getty Images One of Wall Street’s top brokerages on Tuesday announced that its base case for President Donald Trump is impeachment. Cowen Washington policy strategist Chris Krueger
Phil Ashley | Stone | Getty Images Chances are, your savings are getting eaten up by inflation. That is because the average interest rate on a traditional savings account is 0.1% annual percentage yield. Meanwhile, the U.S. inflation rate is currently 1.7%. To help combat that problem, more companies are providing high-interest accounts to help
Today I want to show you how you can retire on $405,000—and with just five buys, too! Put together, these five stocks and funds hand you a 7.4%-yielding portfolio that will pay you reliably for decades. First, though, let’s quickly run through how our “5-buy” portfolio will work—and how it proves the so-called “experts,” who
Share to facebook Share to twitter Share to linkedin “I don’t think that billionaires should exist,” Sanders said in an interview. (Photo by Scott Olson/Getty Images) Getty Images Topline: Senator Bernie Sanders, not looking to be outdone by progressive rival Elizabeth Warren, just released his own plan for a wealth tax on the richest Americans—one
A modern villa in Nashville, Tenn. that is situated on 10.97 private, fenced and gated acres will be sold at auction on October 12 with no reserve. Courtesy of Elite Auctions A modern villa with 11,795-square-feet of space in Nashville, Tennessee will be sold at auction with no reserve on October 12. Located on nearly
An interview and Q&A with billionaire Private Equity titian and co-founder of The Carlyle Group, David Rubenstein. In this interview, David discusses his life, the skills needed to raise funds for a Private Equity fund and the future of the Private Equity industry. David also gives advice on how to succeed at your career and
It’s hard to be sour on Lululemon. The athleisure stock has been something of a juggernaut this year, rallying over 60% since the start of 2019. With fellow sportswear giant Nike reporting earnings after Tuesday’s closing bell, some investors are taking a closer look at this corner of retail to see which company is best
Charles Li Xiaojia, Chief Executive of Hong Kong Exchanges and Clearing Limited (HKEx) attends OSC’s Money Talk Charity breakfast in Central. 15DEC15 (Photo by Paul Yeung/South China Morning Post via Getty Images) South China Morning Post | Getty Images Hong Kong Exchange and Clearing (HKEX) was “late” to making a takeover offer for the London
Investors ought to be cautious as more and more stocks are being valued based on measures other than the revenue or earnings numbers that their underlying companies produce each quarter, CNBC’s Jim Cramer warned Monday. Too many stocks are trading on “nontraditional valuation metrics” that make the market more difficult to ascertain, something that the
I’ve mentioned it before, but it surely bears repeating — successful retirement is about re-building your life from the ground up, replacing the structure and sense of purpose that is lost when you leave the workforce. To speed this process along, there are two rules to keep in mind – keep vigilant and stay motivated.
States with a Taxpayer Burden are shown in red; states with a Taxpayer Surplus are shown in black. Truth in Accounting, Financial State of the States Forty U.S. states do not have enough money to pay all their bills primarily due to significant unfunded pensions or Other-Post-Employment Benefits (OPEB). Truth in Accounting (TIA), a nonpartisan, not-for-profit
Masayoshi Son speaks during a press conference on May 9, 2019 in Tokyo, Japan. SoftBank Group announced its financial results for the fiscal year ended March 31, 2019 today. Tomohiro Ohsumi/Getty Images Masayoshi Son’s radar clearly isn’t what it used to be. Back in 2000, the SoftBank founder did more than help create China’s most
Budweiser beer bottle labels during a Anheuser-Busch InBev NV news conference in Hong Kong, China, on Tuesday, Sept. 17, 2019. Kyle Lam | Bloomberg | Getty Images Anheuser-Busch InBev has priced its Budweiser initial public offering at HK$27 a share, a source familiar with the matter told CNBC’s Emily Tan. At that pricing, the company
People exit the New York Stock Exchange building along Wall Street in New York City. Stephanie Keith | Getty Images Check out the companies making headlines after the bell: VEREIT shares tanked nearly 12% before settling 2.3% under its closing price after the real estate investment company announced it will offer 71 million shares of
CNBC’s Jim Cramer on Monday told investors to beware the hyped-up IPOs these days like WeWork and Uber with overly ambitious mission statements that don’t accurately reflect their actual businesses. “How about Peloton? Do we want shares of Peloton? See, here’s what I think happens [with unicorns]. First we think Uber is a platform, then
If you’re on Medicare, you’re probably already familiar with Part D, the prescription drug benefit plan. But you may not know exactly how the optional program — which has been available to seniors since 2006 — has affected drug prices. Stigur Karlsson | E+ | Getty Images Today, a majority of individuals who are covered
null Getty Are you ready for Medicare’s Open Enrollment? It’s coming soon, running from October 15 through December 7. If you’re age 65 or older and are eligible for Medicare, you have a golden opportunity to choose wisely regarding your coverage or correct any previous mistakes you might have made regarding your Medicare elections. You