The U.S. Labor Department is reportedly looking into Wells Fargo’s 401(k) practices, and whether the bank is pushing its customers into more expensive plans, The Wall Street Journal reported Thursday. The department reportedly launched a probe into whether the bank is encouraging people to change from lower-cost 401(k) plans to more costly individual retirement accounts,
0 Comments
United Parcel Service, the world’s largest package delivery company, reported a rise in first-quarter net profit on Thursday, driven by strong package volumes in its core U.S. domestic segment and its international business, though weather problems muted its results. The Atlanta-based company, viewed as an indicator of economic strength, reported first-quarter net income of $1.35
0 Comments
Check out the companies making headlines after the bell: Shares of Facebook surged 7 percent after hours. The social networking service’s earnings and revenues both surpassed expectations. Daily and monthly active users bounced back. Average revenue per user also increased this quarter, surprising investors. AT&T stock dropped more than 4 percent post-market. The telecommunications company
0 Comments
Ford reported quarterly earnings and revenue that beat analysts’ expectations on Wednesday, helped by cost cutting measures and a lower tax rate. However, the company was hurt by rising commodity costs and unfavorable foreign exchange rates. Like many of its peers, Ford has also faced declining demand for its passenger cars, and on Wednesday said
0 Comments
Brian Niccol’s tenure at Chipotle Mexican Grill is off to good start. Shares of the company jumped 10 percent on Wednesday after the company posted better-than-expected earnings, on the back of price hikes, which it began to institute last April. The average check size rose 4.9 percent during the quarter, helped by the higher prices.
0 Comments
Visa reported second-quarter earnings that beat analysts’ expectations on Wednesday. Here’s how the company did compared with what Wall Street expected: Earnings: $1.11 per share vs. $1.02 per share forecast by Thomson Reuters Revenue: $5.07 billion vs. $4.81 billion forecast by Thomson Reuters That revenue figure represents year-over-year growth of about 13 percent. In the
0 Comments
Wanderlust is a goldmine for Boeing. In Asia alone, 100 million new passengers a year are taking to the skies, according to CEO Dennis Muilenburg. Strong demand has helped fuel record orders for Boeing’s airplanes, but the company is hoping to generate billions more fixing those aircraft. Boeing’s services unit — which it established as
0 Comments
The revelation may bring new scrutiny to LendEDU, which started in 2014 and describes itself as a marketplace for private student loans, student loan refinancing, credit cards and other financial products. LendEDU’s reports have also been featured in many publications, including CNBC, The Wall Street Journal and Bloomberg. LendEDU ran advertisements on Student Loan Report’s
0 Comments
If you have people in your family that habitually spend money to make themselves “feel good” and are not responsible stewards of money, then you might include other language in your legal documents that would incentivize the kids to grow and remain responsible. Use trusts to protect your assets from creditors, litigation, divorce and from
0 Comments
Viacom reported better-than-expected quarterly profit and revenue on Wednesday, as moves to sell rather than release its movies returned Paramount Pictures to profitability. To insulate itself from box-office misses, Paramount has sold some of its hotter properties this year, giving “The Cloverfield Paradox” to Netflix, along with international rights to horror movie “Annihilation.” “At Paramount
0 Comments
The rise of popular robo-advisor platforms, such as Wealthfront and Betterment, which provide automated, low-cost investment management services, leaves many people wondering if the age of financial advice from actual humans is on its way out. This is not the case, according to some recent industry studies. Although there are fewer associated costs, millennials prefer
0 Comments
There’s a strange divergence in the market that according to TradingAnalysis.com founder Todd Gordon could rock global currency markets. The U.S. 10-year Treasury yield hit 3 percent on Tuesday, which it hasn’t done since January 2014. According to the trader, this suggests a changing economic outlook that can be felt globally. “Ten-year yields are pushing
0 Comments
Wall Street’s second biggest bull is predicting a market comeback is in the works. Despite investor skittishness over Caterpillar CEO comments suggesting an economic slowdown and rising Treasury yields signaling inflation risks, Federated Investors’ Phil Orlando contends stocks will return to record territory this year. “This is the best earnings season we’ve seen in the
0 Comments
Check out the companies making headlines before the bell: Boeing – The jet maker earned an adjusted $3.64 per share for the first quarter, easily beating the $2.58 consensus estimate. Revenue beat the Street as well, and Boeing also raised its full-year forecast. Comcast – The NBCUniversal and CNBC parent formalized a $31 billion offer
0 Comments
Source: Waymo Jaguar’s I-Pace SUV, modified with self-driving technology, will be used in Waymo’s ride-hailing fleet. “If we work together, also with the right cybersecurity system, then autonomous can be the future technology,” he added, noting that drivers are responsible for around 90 percent of road accidents globally. Besides autonomous cars, more electric vehicles will
0 Comments
Bitcoin rose to its highest level in more than a month as the broader U.S. financial markets sold off Tuesday. The digital currency was trading near $9,436 as of 4:21 p.m. ET, and has jumped nearly 20 percent in the past week, according to data from Coindesk. Bitcoin is coming off of its worst quarter
0 Comments
Kentucky Derby hopeful Gronkowski will miss next week’s Run for the Roses. Phoenix Thoroughbreds said Gronkowski spiked a fever over the weekend and was immediately treated with antibiotics. While the sudden illness seems minor and the colt has been eating heartily and otherwise responding well to treatment, the condition will prevent his shipment to Louisville,
0 Comments