Companies that enforce employee-centric and customer-centric cultures are likely to see better financial gains than their competitors, Just Capital’s Dan Hesse told CNBC on Wednesday. “What we’ve seen from a financial performance point of view is that you have about a 33 percent higher return on equity of these companies that do good things,” Hesse,
0 Comments
Janet Yellen looked back on her year at the Federal Reserve and figured most of the boxes are checked: Accelerating economic growth, a solid employment picture and a stable financial system. The one job left undone? Inflation. At her final news conference as Fed chair Wednesday, Yellen said the Fed’s failure to bring inflation up
0 Comments
The economy, the Fed and inflation all have some influence over long-term fixed mortgage rates, which generally are pegged to yields on U.S. Treasury notes, so there’s already been a creep up from record-low levels well before the Fed made any official move. The average 30-year fixed-rate mortgage is now about 4.08 percent — up
0 Comments
The Republican tax plan may still be in flux. But the wealthy are already taking steps to avoid some of the most costly parts of the plan and reduce their taxes. Wealth management firms and accountants to the rich are scrambling to prepare their clients for the biggest set of tax changes since 1986. While
0 Comments
Another day, another digital currency surge. Ripple, or XRP, leaped 37.5 percent from Tuesday’s close to a record high of 51.37 cents Wednesday, according to CoinMarketCap. The gains pushed ripple past litecoin into fourth place by cryptocurrency market capitalization at $18.23 billion, according to CoinMarketCap. Ripple last traded slightly off its highs around 47 cents,
0 Comments
Target is finally making more aggressive moves to win customers who want to make purchases, including groceries, online. The big-box retailer announced Wednesday that its plans to acquire same-day delivery service platform Shipt, a rival to Instacart, for $550 million in cash. The news builds on the company’s billion-dollar investment strategy and longer-term goals to
0 Comments
Honeywell forecast its fourth-quarter earnings at the top of its previous guidance on Wednesday and raised its forecast for both quarterly and full-year 2017 sales. The U.S. industrial conglomerate said final quarter earnings should come in at around $1.84 per share, excluding separation costs, compared to its previous guidance of $1.79 to $1.84 per share.
0 Comments
Daniel Acker | Bloomberg | Getty Images Bottles of Eli Lilly’s Cialis brand medication on a pharmacy shelf in Princeton, Illinois. Eli Lilly on Wednesday forecast 2018 earnings and revenue largely above analysts’ estimates in part due to strong demand for recently launched diabetes drug Trulicity and psoriasis drug Taltz. The company said it expected
0 Comments
Johan Jeppsson | Bloomberg via Getty Images Jacob de Geer, co-founder and chief executive officer of iZettle. Swedish payments start-up iZettle said Wednesday it had raised 40 million euros ($47 million) in funding to boost its growth strategy. The small business commerce platform lists Jack Dorsey’s Square among its competitors and currently operates in 12
0 Comments
One of the leading Wall Street veterans now investing in cryptocurrencies said Tuesday he would sell digital currency litecoin after its surge. “I don’t think it will have the same legs that bitcoin would. I would sell it here versus buying bitcoin,” Michael Novogratz, formerly a macro hedge fund manager at Fortress Investment Group, said
0 Comments
Jeff Lynn is on a mission to save capitalism from itself at a time when millions feel locked out, and unable to foresee themselves better off than their parents. His answer: to democratize capital. That is one reason he founded Seedrs, an online platform through which individual investors can buy shares in high-growth companies at
0 Comments
Verizon will leave its earnings “plateau” behind in 2018 thanks to an over-the-top platform launch by year’s end, according to Nomura. “After three years of stable to declining earnings per share — Verizon’s self-described ‘plateau’ — we think the company is finally poised to resume earnings per share growth,” wrote Kvaal on Monday. “Verizon has
0 Comments
One of the demands that the countries are making of Qatar is that it close Al Jazeera, a Middle-East focused news network with global reach, which they accuse of sympathizing with Islamist movements, such as the Muslim Brotherhood. Al Jazeera has responded to the allegations by insisting that it has editorial independence, telling the BBC
0 Comments
After doing some homework on the “roller-coaster” stock of Acadia Pharmaceuticals, CNBC’s Jim Cramer came back with a surprisingly positive take on the pharma play. “A lot of people don’t like roller-coasters, so even if you like what I’m about to say about the stock, it may not suit you. That said, I think that
0 Comments