Under Armour, which has been struggling to stabilize sales in North America, said that it doesn’t see jumping into the growing athleisure trend as a way to pull in customers. “We’ve identified our consumer as something called the focus performer. That is a mindset that the consumer has,” CEO Kevin Plank said on CNBC’s “Squawk
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Tony Anderson | DigitalVision | Getty Images Some people will do just about anything to buy their first home. Just under 10% of homeowners surveyed by Bankrate.com, a personal finance website, said they took out money from their retirement savings to help cover the down payment and closing costs on their first dwelling. The site
Charles Schwab is laying off 600 workers in response to a slowing economy and pressure from slumping interest rates, the company said. The cuts represent about 3% of the bank’s workforce and comes across all sectors amid an effort to streamline expenses as net interest revenue comes under pressure. “This Spring, we initiated a process
T. Boone Pickens, the wildcatter “Oracle of Oil,” hedge fund founder and philanthropist who rewrote the playbook for corporate raiders, has died. He was 91. He died Wednesday of natural causes. Pickens had been in declining health, suffering from a series of strokes and a serious fall in 2017. In late 2017, he put his
Mark Hurd, CEO of Oracle. Adam Jeffery | CNBC Check out the companies making headlines after the bell: Shares of Oracle dipped as much as 5% during extended trading after the company’s CEO, Mark Hurd, announced a medical leave of absence and $15 billion stock buy back. Founder and Executive Chairman Larry Ellison said in
Last week, Jim Cramer held his annual fantasy stock draft, and the “Mad Money” host now is helping investors scan the market “waiver wire” to find some bargains. “That’s some authentic fantasy football gibberish that means trying to pick up some bargains, players not signed by other teams that have turned out to be interesting
hept27 | iStock | Getty Images More and more college graduates are regretful. A recent survey by Fidelity found 40% of graduates would now make different decisions about their education if they could. Half of college grads polled by Gallup wish they’d studied something else or attended another institution. Graduates’ regrets are mostly financial, Fidelity’s
Goldman Sachs and Bank of America have been added to the growing list of underwriters, sources familiar said, for what will likely be the biggest initial public offering of all time, Saudi Aramco. There will be six global coordinators of the IPO, sources said. The listing is expected to value the world’s most profitable oil
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images Recent trade optimism sparked a rebound in stocks, but Deutsche Bank warned if there’s an escalation in the trade
Customers outside a Game Stop store. Guido Krzikowski | Bloomberg | Getty Images Shares of GameStop fell more than 15% in extended trading Tuesday after the company reported second quarter earnings and sales that missed analysts’ expectations while significantly lowering its same-store sales forecast. The company has been struggling to grow sales as consumers increasingly
BAE Systems BAE Systems has reached an agreement to acquire British company Prismatic, with the defense and aerospace giant looking to continue its development of solar-powered unmanned aerial vehicles (UAVs). The deal, announced Tuesday, builds on a collaboration between BAE Systems and Prismatic announced last year. Their work has resulted in the production of two
Early retirement may sound like a dream. However, if today’s retirees are any indication, you may want to rethink how you plan financially. Photo taken in Big Island, United States Shawn Walters / EyeEm | EyeEm | Getty Images A new survey from NerdWallet finds that today’s retirees stopped working at 59, on average. That
The labor market and the broader economy are both better than they look on the surface, and in fact have been mostly defying the continual patter of recession expectations. By multiple measures, the U.S. is staying ahead of the global slowdown, the trade war with China and the bond market’s implication that the decade-long recovery
Lamborghini Sián FKP 37 Source: Lamborghini Fans of the famous flux capacitor in 1985 movie “Back to the Future” will love the new Lamborghini. The Italian automaker unveiled its fastest car ever Tuesday morning at the Frankfurt Motor Show — a geometric fantasy of speed and engineering called the Sian FKP37. It is the company’s
Pedestrians pass in front of a GameStop store in New York Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of GameStop plummeted more than 16% after the company cut its forecast and reported second quarter earnings that fell short of expectations. The company said it expects adjusted full-year earnings per share
CNBC’s Jim Cramer expounded on the ongoing rotation of investments in the stock market. The “Mad Money” host goes off the charts to understand if the gold and bond prices are nearing a top. Cramer gives his thoughts on activist investor Elliott Management’s $3.2 billion stake in AT&T and explains why he think the move will
Hero Images | Hero Images | Getty Images Kids can come up with some pretty amazing ideas. In fact, ear muffs, the popsicle and the trampoline were all invented by children. Even Berkshire Hathaway CEO Warren Buffett, who is worth $81.7 billion, according to Forbes, began hustling as a child, going door to door selling
Petri Oeschger | Moment | Getty Images One of the best ways financial advisors can bolster their credibility and reach potential clients is available for free. It’s called social media. However, merely joining Twitter and Facebook won’t cut it, according to Dasarte Yarnway, founder of Berknell Financial Group in San Francisco. He shared his views
Inside an Apple store in Causeway Bay, Hong Kong. Miguel Candela, SOPA Images | LightRocket | Getty Images There are no good stocks to buy in the IT hardware sector, according to top-rated technology analyst Toni Sacconaghi. A.B. Bernstein maintained a market-perform rating for Apple, HP, Hewlett Packard Enterprises, IBM and Dell due to their
Traders work the floor of the New York Stock Exchange on August 23, 2019 in New York. – Wall Street stocks tanked Friday after President Donald Trump vowed a tough response to new Chinese tariffs, escalating the trade war between the world’s top two economies amid rising fears of recession. The Dow Jones Industrial Average
A woman shops for clothing at the JC Penney store in Garden City, New York. Saul Martinez | Bloomberg | Getty Images In a bid to boost sales, J.C. Penney said Tuesday it plans to launch an outdoor shop, selling apparel and other excursion gear in 100 of its roughly 830 department stores next month.
It’s a debate that typically comes up when discussing whether to delay Social Security benefits: Will that result in less total money over your lifetime? The longer you wait on those retirement checks — up until age 70 — the larger the monthly payments you’ll receive. Aimstock | Getty Images That’s why experts generally advise
An activist investor with a penchant for bold calls about companies losing value spoke to CNBC’s “Squawk Box” on Monday about his latest position, which bets that household products company Church & Dwight will lose half its value. Spruce Point Capital founder Ben Axler published a report last week expressing “significant concerns” about Church &
An employee hands a customer their order at the drive-thru window of a Wendy’s restaurant in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell: Wendy’s shares fell about 4% after the company slashed its 2019 forecast as it announced plans to roll out breakfast nationwide
CNBC’s Jim Cramer breaks down why some stocks made big gains and big losses, and what sectors investors are moving their investments to. The “Mad Money” host gets an update on Dollar Tree’s ability to manage the blow of tariffs and its renovation of Family Dollar stores, along with interviews with CEOs of Zoom Video
Most people looking for better money skills turn to the money pros — certified financial planners or advisors. Yet sometimes a nonmoney maven can get you on the right track. Marija Jovovic | E+ | Getty Images Marie Kondo, the anti-clutter crusader, has some useful things to say about spare change (don’t let it sit
The chicken in Popeye’s sandwich crunches audibly when you bite in, with all those nooks and crannies on the surface shattering into a thousand delicious pieces. Nick Kindelsperger | Tribune News Service | Getty Images No wonder Popeyes ran out of its new chicken sandwich. An analyst at KeyBanc Capital Markets estimates the fast-food chicken
The “Options Action” traders share three options trading strategies to kick off the week. Carter Worth and Mike Khouw looked at buying a put spread in the Industrials ETF. Dan Nathan illustrated call buying in Apple. Khouw also broke down a call spread risk reversal trade in Lululemon. Disclaimer Trader disclosure: Mike Khouw is long HAL. Dan
A worker prepares packages for delivery at an Amazon warehouse in Brieselang, Germany. Sean Gallup | Getty Images Amazon announced Monday that it plans to add more than 30,000 full and part-time jobs, and hold a career day on Sept. 17 to staff the roles. The positions will be in the company’s corporate, tech and
Women are more educated and successful than ever. Yet, when it comes to their money, they still tend to stand on the sidelines, according to financial experts. It’s something advocates are trying to change. “We still abdicate our money decisions to other people,” said certified financial planner Stacy Francis, president and CEO of Francis Financial.