U.S. stock futures opened lower Wednesday amid lingering anxiety about a possible economic slowdown and continued murkiness around trade relations with China. On Wednesday evening, futures initially indicated that the Dow Jones Industrial Average would open 400 points lower. Dow futures fell as much as 486 points at their lows. Markets have since recovered and,
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If you’re hoping to trim your tax bill and ramp up your savings for 2018, you have about three weeks to call your accountant and get your act together. It has been a busy year for taxpayers and accountants, as the end of 2018 signals the first year under the Tax Cuts and Jobs Act.
Tesla is on pace to begin production at its factory in China in the second half of next year, the Shanghai government said Wednesday. Land leveling is basically complete and construction is about to begin, with the factory expected to be put partially into operation in the second half of 2019, according to an official
Google plans to kill chat app Allo by the middle of next year, the company said in a blog post, confirming a report earlier on Wednesday about the product’s imminent demise. Despite owning the world’s dominant smartphone operating system in Android, Google has never been able to create a chat experience to rival Apple’s iMessage
Time is running out to give your Medicare coverage a checkup and make changes for 2019. The program’s annual enrollment period ends Dec. 7. If you take no action, you’ll automatically remain enrolled in your current plan. However, if you pass on the opportunity to see whether a better option exists, that decision could come
If you’re like other retirees, you’re eager to see just how big your Social Security check will be next year. The Social Security Administration has released its cost-of-living adjustment, or COLA, notices online. To find out what your payment will be, log on to your My Social Security account. Your cost-of-living adjustment will be found
Consumer staples may have started the year on a rocky footing, but the recent downturn in stocks — especially high-flying tech names — has seen investors rotate into more defensive trades. Staples is one of only three sectors in the green for the quarter, and the 2% gain is handily above the S&P’s 7.3% drop.
U.S. luxury home builder Toll Brothers said on Tuesday its quarterly profit rose 62.1 percent, as it sold more homes at higher prices. The company’s net income rose to $311 million, or $2.08 per share, in the fourth quarter ended Oct. 31, from $191.9 million, or $1.17 per share, a year earlier. Revenue rose 21.1
Security start-up Pindrop has raised $90 million from investors including Vitruvian Partners and Goldman Sachs. The seven-year-old firm, which uses artificial intelligence (AI) technology to detect fraudulent phone calls, said Wednesday that it would use the latest funding to boost its European expansion plans. Vitruvian, a European private equity firm that has invested in the
[The stream is slated to start at 12:45 p.m. ET. Please refresh the page if you do not see a player above at that time.] SpaceX is set to launch its latest mission for NASA from Florida on Wednesday, sending supplies and experiments to the International Space Station. The rocket launch will be livestreamed from
Whether it’s loading up on retirement savings or taking a 20 percent deduction, small-business owners are running out of time to save on their 2018 taxes. This has been a busy year for all taxpayers, as the Tax Cuts and Jobs Act went into effect in January 2018. The largest changes as a result of
Part of Tuesday’s stock market plunge may have stemmed from money managers giving up on getting clarity from President Donald Trump and his administration on their policies, CNBC’s Jim Cramer said as stocks settled. “We have maximum uncertainty. That makes people want to sell. That’s how money managers view the situation,” the “Mad Money” host
After sharp gains in the past week amid hopes for a trade deal, stocks fell back into correction mode Tuesday, plunging on worries the trade talks could fail and that global growth is slowing. But some strategists said the selling, which took the Dow down as much as 800 points intraday, appeared to be overdone
Women — especially in China — are playing an increasingly big role in Asia’s luxury spending. That is a key finding of Wealth Report Asia 2018, Bank Julius Baer’s latest look into high-end consumption in the region released Tuesday. It tracks the spending habits of so-called high-net-worth individuals, which the Swiss private banking group said
Dollar General on Tuesday lowered its full-year profit and sales forecast, hit by higher costs related to hurricanes in the third-quarter and higher freight costs, sending its shares down 6 percent before the bell. “As a result of the third quarter hurricanes and other disasters, we will record greater-than-anticipated expenses in the second half of
After a tumultuous year, Facebook has lost its footing as a top-rated employer, based on Glassdoor’s 2019 list of the “Best Places to Work.” After ranking No. 1 last year, Facebook now ranks No. 7, dropping from a 4.6 to 4.5 award score out of a perfect 5. Zoom Video Communications supplanted Facebook as the
Shave down your tax bill in the future by funding these two savings accounts in the present. Employees are likely familiar with the traditional 401(k), an account that allows you to put away pre-tax dollars and have them grow on a tax-deferred basis. Once you begin drawing down income in retirement, you will pay taxes
There’s nothing more unnerving for investors than watching the market go up and down day after day. All the market gyrations have left many investors wondering if a bear market is coming soon. The good news is that many financial pundits have weighed in and say economic and market history shows the bear market (and
Americans of all ages do a lot of thinking about retirement — but that doesn’t mean they’re actually doing much else about securing a comfortable one, according to a new survey. In fact, a secure retirement as part of the American dream may involve just that — a lot of dreaming. The October survey of
YouTube’s highest-earning star made $22 million in 12 months – and is only seven years old. According to a Forbes estimate published Monday, Ryan — the child star behind YouTube channel Ryan ToysReview — earned $22 million in the year to June 2018, and is one of the platform’s top “influencers” with 17.3 million followers.
Toll Brothers stock fell on Tuesday after the luxury-home builder gave weaker than expected guidance for the first quarter next year, while pointing to reports about the slowing housing market as the cause of the housing slowdown. “In November, we saw the market soften further, which we attribute to the cumulative impact of rising interest
The heat in housing demand is cooling across the nation and across most price points, but luxury is really feeling the chill. High-end homebuilder Toll Brothers reported a sharp 13 percent annual drop in the number of signed contracts for homes in its fiscal fourth quarter. It also reported a 9.3 percent cancellation rate, up
Compliance across OPEC is in question amid conflicting interests regarding oil production cuts and an abrupt withdrawal announcement from Qatar. While the tiny Gulf kingdom’s departure is largely symbolic and unlikely to lead to further exits, a top energy analyst believes that if any country were to break ranks next, it would be Iraq. “I
Many people who wind up with a smaller Social Security check because they claim their benefit early could have waited longer to file, thanks to funds in their IRA. That’s the finding from a recently published study in the Journal of Pension Economics & Finance. “It seems like there is a significant portion of the
British peer-to-peer lender Zopa has obtained a U.K. banking license, clearing a key hurdle in its bid to launch a digital bank and compete with industry giants. The company said on Tuesday that it had been granted an initial permit with restrictions from the Financial Conduct Authority, the U.K.’s financial watchdog, to open a bank.
The U.S.-China trade truce may have lifted stocks on Monday, but buyers should remain cautious while Wall Street awaits details on the final agreement, CNBC’s Jim Cramer and technician Tim Collins warned. “[Collins] thinks you need to be cautious when buying stocks here, because the trade truce failed to clean the murky waters,” Cramer said
Stocks may have rebounded Monday on renewed hope for a trade deal between the U.S. and China, but CNBC’s Jim Cramer still found value in some names that tend to do well during downturns. Specifically, he highlighted the stocks of McDonald’s, Johnson & Johnson, Coca-Cola, Clorox, CBS and Kimberly-Clark. All six companies have secular tailwinds
All the work you’ve done to shore up your 401(k), IRA and life insurance is meaningless if your hard-earned cash goes to your ex. This is exactly the risk that savers take when they fail to review and update their beneficiary designations — the heirs you’ve selected to receive the proceeds of your life insurance
It’s easier than ever to bring in extra dough. The internet is great for spending money, and it’s also a terrific way to make some as well. Without leaving your house, you can start a lucrative side business, often without spending much upfront. “Understand your passions and interests,” said Nicaila Matthews Okome, whose podcast Side
Liquidity is like good health. You don’t really appreciate it until you lose it. Investors are starting to appreciate it. As volatility has surged, first in the stock market and now in credit markets, liquidity is starting to dry up across segments of the corporate bond markets. The ominous widening of spreads in the high-yield
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