Month: February 2019

Despite gains in income and wealth for black families in America, white families often have a net worth up to 10 times higher. Discriminatory financial practices such as redlining or credit discrimination have increased the wealth gap and held black families back from being able to create generational wealth. Times are changing. Black millennials are
0 Comments
President Donald Trump’s financial statements are here — and they likely only tell part of the story on his wealth. Michael Cohen, the president’s former personal attorney, testified before the House Oversight Committee on Wednesday, and provided the committee with a number of documents, among which he said were copies of Trump’s financial statements for
0 Comments
Warren Buffett said Monday that wealthy people pay lower taxes when compared to the rest of the United States population. “The wealthy are definitely undertaxed relative to the general population,” Buffett told CNBC’s Becky Quick on “Squawk Box.” Buffett’s comments come after Berkshire Hathaway released its fourth-quarter earnings and after Buffett put out his annual
0 Comments
Square reported fourth-quarter earnings that beat analysts’ expectations on Wednesday. Guidance for the first quarter though, was weaker than expected. Here’s how the company did compared with Refinitiv consensus estimates: Earnings: 14 cents per share vs. 13 cents per share, forecast by Refinitiv Adjusted revenue: $464 million vs. $454 million, forecast by Refinitiv Shares fell
0 Comments
Off-price apparel retailer TJX reported better-than-expected quarterly same-store sales on Wednesday, as steep discounts drove more shoppers to its T.J. Maxx and Marshalls stores during the holiday season. Shares of the Framingham, Massachusetts-based company rose 2 percent before the bell. TJX has opened more stores and largely depended on its deep in-store discounts to drive
0 Comments
The race is on to provide the world with high speed internet using next-generation networks of small satellites. OneWeb sent its first six satellites to space on Wednesday, using an Arianespace Soyuz rocket launched from French Guiana. Eventually, the startup plans to launch 650 satellites in an interconnected network, called a constellation. Once in orbit,
0 Comments
Check out the companies making headlines after the bell: After being halted for volatility, Weight Watchers shares cratered as much as 28 percent after hours Tuesday after posting dismal fourth-quarter earnings and weak full-year guidance. Missing on the top and bottom lines, the weight-loss and wellness company earned $330 million in revenue, missing Refinitiv estimates
0 Comments
Home Depot on Tuesday morning reported earnings and sales for the fourth quarter that missed analysts’ expectations. Its shares were down more than 3 percent in premarket trading on the news. Here’s what Home Depot reported for the fourth quarter compared with what analysts were expecting, based on data from Refinitiv: *Earnings per share, adjusted:
0 Comments
We are entering the largest wealth transfer in history. Over the next 25 years, according to a report from research firm Cerulli Associates, 45 million U.S. households will pass a mind-boggling $68 trillion to their children — the biggest generational wealth transfer ever. Individual retirement accounts alone in the U.S. held more than $9 trillion
0 Comments
Papa John’s International on Tuesday reported quarterly earnings and revenue that fell short of analysts’ expectations. Shares of the company rose less than 1 percent in extended trading. Same-store sales in North America decreased by 8.1 percent during the fourth quarter. Outside of North America, same-store sales saw smaller declines of 2.6 percent. The embattled
0 Comments