Month: October 2017

Check out the companies making headlines after the bell: Electronic Arts shares fell about 3 percent in extended trading after the company reported disappointing guidance. Newfield Exploration‘s stock jumped about 2 percent in the extended session after the company posted better-than-expected third quarter earnings. Shares of Envision Healthcare plummeted more than 27 percent in extended
0 Comments
Electronic Arts reported quarterly revenue that met analysts’ expectations on Tuesday. Here’s how the company did compared with what Wall Street expected: Revenue: $1.18 billion vs. $1.18 billion expected according to Thomson Reuters consensus estimates. For the full year, EA said it expects net bookings of $5.15 billion, as compared with Wall Street estimates of
0 Comments
On Wall Street, it’s sometimes possible to see a rainbow—and maybe even find a pot of gold—without having to suffer through a downpour first. That’s the happy spin on the historical record of stock performance in years when the market prances unscathed through typically tough months of the year. Rather than “pulling forward” gains from
0 Comments
If you asked most businesses that sponsor a 401(k) plan whether they are obeying their fiduciary duties, they would likely respond in the affirmative. They have a brokerage firm, bank or insurance company that provides a list of options to invest in that includes bonds, hybrid options, stock-based investments, as well as a stable value
0 Comments
The scariest thing about Halloween may be the unintentional expenses. Between costumes, decorations and, of course, candy, the average American will be shelling out $169.81, according to a recent poll by LendEDU. Costume purchases made up almost half of that, with partygoers spending just over $70 on their disguises, LendEDU said. More than $60 will
0 Comments
MasterCard reported quarterly earnings and revenue that beat analysts’ expectations on Tuesday. Here’s how the company did compared with what Wall Street expected: EPS: $1.34 vs. $1.23 expected according to Thomson Reuters Revenue: $3.4 billion vs. $3.28 billion expected according to Thomson Reuters Shares rose 1.2 percent after the company reported earnings. “We are executing
0 Comments
There are an estimated 11.2 million widowed individuals across the nation, according to the U.S. census, most of them women. Those who are affluent often initially face one of two financial challenges: having too little cash or too much. The most common issue in having too little cash is lack of immediate access. Perhaps most
0 Comments
Pfizer quarterly profit beat market estimates, partly helped by higher-than-expected sales of its blockbuster pneumonia vaccine Prevnar, and the company also raised its full-year earnings forecast. Shares of the largest U.S. drugmaker were up marginally at $35.24 in premarket trading on Tuesday. Pfizer sold $1.52 billion worth of Prevnar in the third quarter, down nearly
0 Comments
CNBC’s Jim Cramer has noticed a lot of action in the stock market recently that, in theory, shouldn’t be happening. “This is a market that seems to have suspended nearly all of the ordinary rules that we go by. Things that aren’t supposed to happen have been happening at a faster pace than at any
0 Comments
As sports retailers like Under Armour fall under pressure from the brick-and-mortar slowdown, Columbia Sportswear’s President and CEO Tim Boyle told CNBC that his company’s key to success has come from standing out. “Nobody needs another brand of footwear or apparel. Regardless of how impactful our products are, it’s about being different and it’s about
0 Comments
Check out the companies making headlines after the bell: Mondelez International‘s stock climbed nearly 5 percent in the extended session after the company posted higher-than-expected third quarter earnings. Shares of Voyager Therapeutics dropped 12 percent after hours. Sanofi said it would end a collaboration with Voyager to develop a Parkinson’s disease treatment. Shares of Allison
0 Comments
The New Jersey-based costume company suing Kmart for stealing its banana costume has reached a settlement outside the court, said Rasta Imposta CEO Robert Berman. “We’re going to continue selling to Kmart in the future,” Berman told CNBC. Berman declined to provide details of the settlement. For almost a decade, Kmart had purchased Rasta Imposta’s
0 Comments
Add online brokerage accounts to the list of things that can be hacked for gain. A Pennsylvania resident describing himself as a day trader piggybacked off trades made in hacked brokerage accounts to generate $700,000 of illicit profit, federal prosecutors in Brooklyn and the Securities and Exchange Commission said Monday. Joseph Willner faces charges of
0 Comments
Yet most people apparently don’t mind the risk. In the 2015-2016 flu season, just 43.3 percent of U.S. adults got the flu vaccine, according to the Centers for Disease Control and Prevention. For those under age 18, the rate was 59 percent. (Click on CDC chart below to enlarge.) At the same time, an estimated
0 Comments
In 2001, Seattle-based Brooks Running made a strategic decision to focus on only one category within sports retail, and the company never looked back, according to Chief Executive Jim Weber. That category was running. For the latest quarter, Brooks reported double-digit revenue growth, boosted by sales of the company’s shoes for avid runners, including Brooks’
0 Comments
This is what reducing the 401(k) plan contribution limit could mean. This is what Congress is calling “tax reform.” There are 54 million American workers participating in about 550,000 401(k) plans, according to the Investment Company Institute. These plans hold more than $5 trillion in assets. This tax reform measure will most likely affect the
0 Comments
Commercial airliners have advanced autopilot systems that fly the plane for most of its time off the ground. But most planes still need a pilot for takeoffs, landings, flying through extreme turbulence and for directing and monitoring the autopilot system throughout the flight. Similarly, shareholder yield-oriented portfolios can be managed with very low turnover because
0 Comments
An online investment platform that allows Chinese investors to access a number of “alternative” U.S. investments officially launched Monday. Financial technology firm MarketX lets upper-middle class and institution Chinese investors to invest in tech firms that have not yet issued shares to the general public. These include such notable names as ride-hailing giant Lyft, music
0 Comments