- CNBC.com•16 hours ago
Mark Cuban: Why you should buy a two-year supply of toothpaste
When it comes to saving big, small changes are a good start. "If you try to downsize your house, get rid of all yours cars and make all of these drastic changes, it's so overwhelming and you're not going to do any of it," says self-made millionaire Chris Reining, who banked over half his income to retire at age 37. "The small changes will lead you to be able to make the big changes." You could start by saving on toothpaste, for instance. Why Mark Cuban and other famous people don't use credit cards 10:18 AM ET Fri, 26 May 2017 | 00:58 In a recent interview with Vanity Fair, billionaire Mark Cuban shared exactly how to do that: Buy in bulk and on sale. "It's so hard to make a return on regular
Business Insider•18 hours agoWarren Buffett's advice for CEOs touches on a key issue plaguing the US economy
Warren Buffett generally likes to take a hands-off approach when it come to investing in companies, but he has some advice for CEOs on how to run a business better. Warren Buffett, generally speaking, likes to take the hands-off approach with companies he and Berkshire Hathaway invest in.
- The Street•17 hours ago
Why 2018's Social Security COLA May Really Be Just $1
More than 66 million Americans will see a 2% increase in their monthly Social Security and Supplemental Security Income (SSI) benefits in 2018. But many will see their take-home pay stay about the same as it was in 2017. In dollars and cents, the average retired worker's monthly benefit will rise $27 to $1,404 in 2018 from $1,377 in 2017. But depending on what happens with Medicare premiums, many people could see little or nothing of that 2% COLA, said Elaine Floyd, director of retirement and life planning at Horsesmouth. By way of background, the SSA deducts the Medicare Part B premium, which helps pay for physician, outpatient hospital, home health, and other services for the aged and disabled
Reuters•yesterdayGE vows $20 billion asset sales, 'sweeping change' as profit falls
General Electric Co's (GE.N) new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called "horrible" results in the third quarter. GE badly missed Wall Street expectations and slashed its full-year forecast, sending shares down as much as 6 percent early in the day. Investors are pushing for big change after more than a decade of frustration at poor returns from the 125-year-old maker of power plants, jet engines, medical devices and other industrial equipment.
- Investopedia•2 days ago
The Top 4 General Electric Shareholders (GE)
General Electric Company (NYSE: GE) ranked 31 on the Fortune 500 list for 2017. General Electric had a market capitalization of over $204 billion (as of October 20, 2017), and is one of America’s most familiar brands. The company produces products ranging
- Yahoo Finance•14 hours ago
ADP CEO on proxy battle: 'It's really about growing the top line'
Hedge fund manager Bill Ackman’s proxy fight against the largest payroll processor in the world, Automatic Data Processing (ADP), has challenged the company to answer criticisms about its operational performance and particularly inflated costs. ADP CEO Carlos Rodriguez told Yahoo Finance that the battle has focused a lot of talk on cost cutting when it should be about growing the top line. ADP’s margins stand significantly below its closest peer, Paychex (PAYX), but Rodriguez emphasized it’s not an apples-to-apples comparison.
- Zacks•2 days ago
What's in Store for Advanced Micro (AMD) in Q3 Earnings?
Advanced Micro Devices Inc. AMD is set to report third-quarter 2017 results on Oct 24. Notably, the company has a positive record of earnings surprises in the trailing four quarters, with an average surprise of 35%.In the last quarter, the company reported
- MarketWatch•18 hours ago
OPEC beware: The rebound in U.S. shale oil production hasn’t peaked yet
A sharp rebound in U.S. shale oil production is showing no signs of tapering off and will likely keep a lid on oil prices in coming years even as OPEC and its allies continue to cut production, according to a number of industry experts. During the Oil & Money conference in London this week, the positive outlook on U.S. shale output was a recurring theme throughout the sessions with a range of oil experts and industry players forecasting a continued increase in production. ”U.S. shale is in a turnaround and I think that you have a second peak coming,” said David Knapp, chief energy economist at Energy Intelligence. “It won’t be quite as high [as the first one]. But you’ll have a local peak for
- The Street•16 hours ago
Jack Bogle, Peter Schiff, Jim Cramer & Dave Callaway Share Black Monday Memories
We asked folks what it was like to live through the Black Monday Crash. 30 years later their stories shed light on a frightening moment for the markets and investors around the world. Jim Cramer spoke about hearing about warning signs and moving his clients into cash. While they were largely unscathed, Cramer recalled the what is now known as Terrible Tuesday and no one knew the value of their portfolios. Peter Schiff spoke about writing a letter to then Fed Chairman Allen Greenspan, who wrote back. TheStreet Inc.'s (TST) CEO Dave Callaway recalled being a cub reporter in Boston and understanding the enormity of the day. Jack Bogle, founder of The Vanguard Group, told TheStreet's Anders Keitz
- CNBC Videos•2 days ago
IRS to block, suspend tax returns that lack Obamacare dis...
The IRS said it will not accept electronic tax returns, and will suspend paper returns, that do not disclose whether the filer had health insurance coverage during the year.
- MarketWatch•15 hours ago
3 reasons Express Scripts could be headed for trouble
Pharmacy-benefit managers, the secretive, opaque middleman in the pharmaceutical supply chain, have never been more powerful. Express Scripts Holding Co. (ESRX) , the largest stand-alone PBM, is chief among those players. Health insurer Anthem Inc. (ANTM) is Express Scripts’ biggest client, and the two have had a 10-year PBM contract since 2009.
- barrons.com•2 days ago
Celgene: No Surprise? Its 10% Drop Says Different.
Celgene’s (CELG) efforts to reduce its dependence on the blood cancer drug Revlimid suffered a setback today when the drug maker Celgene said it would abandon testing mongersen, a big treatment for Crohn’s disease. The drug maker announced that it would stop two trials, and would not initiate a third study following a risk-benefit analysis by a data monitoring committee. What exactly the committee found wanting about mongersen, also called GED0301, isn’t clear. Celgene says there were “no meaningful safety imbalances” identified in the committee’s analysis. Many analysts assume it was a lack of efficacy, and note that in recent months, the drug has been increasingly viewed as a “high risk” pipeline
The Street•2 days agoSears' Grim Fate Seems Nearly Inevitable
The games seem to be ending for Sears Holdings (SHLD) . Because of CEO Eddie Lampert's big position in the stock and his ability (via his hedge fund) to finance, loan and pull out almost every stop in the book, Sears had been prone to sharp rallies. This is despite the growing short-interest betting against its demise. Well, that demise has certainly gained momentum. Shares hit new 52-week lows earlier this week, bottoming out at $5.48 before rallying back to $6. Can it continue to stay afloat? Only for so long. With or without the powerful force of e-commerce, Sears was struggling. Its Canadian operations are all but shot, K-Mart was desolate. The company sold off strong brands like Craftsman
- barrons.com•2 days ago
Costco: 5 Reasons to Load Up
Costco (COST) is higher Friday, helped in part by a bullish note from Oppenheimer. Analyst Brian Nagel and David Bellinger reiterated an Outperform rating and $185 price target on Costco, following a meeting with a senior management yesterday at the company's Washington headquarters. Nagel and Bellinger had five main takeaways from the meetings, which reinforced their bullish thesis on the shares and make them think that worries about the threats of ecommerce are overblown. From the note: 1) Management indicates clearly that the company is pleased with results lately and views strengthening sales as a function of a culmination of factors, including new merchandising initiatives and price investments;
- WSJ•2 days ago
Why Retirees Should at Least Consider a Financial Adviser
Even those who think they have their retirement planning in hand can use someone to keep them from making a costly mistake.
- Real Money•17 hours ago
These Stocks Are Set to Rally as Dow Puts Its Target on 30,000
Might as well go ahead and start getting the hats made now -- the Dow Jones Industrial Average has its sights set on 30,000. At this point, that's more a question of "when" than "if". At the start of this year, the Dow pushed past 20,000 for the first time in history. And this month, the Dow has just definitively blown past 23,000. Before we get any further, let's be clear about one thing: there's no particular significance to the 30,000 number versus Dow 29,999. While there are some psychological effects around eclipsing a big round number for the broad market indices, hitting Dow 30k is all about the fact that we're in the midst of a rip-roaring equity rally that's not showing any signs of
- CNBC Videos•2 days ago
GE CEO John Flannery: The board has encouraged me to look...
General Electric's new CEO, John Flannery, speaks with CNBC's David Faber following the company's third-quarter earnings report.
Reuters•yesterdayCalifornia judge tosses $417 million talc cancer verdict against J&J
The ruling by Los Angeles Superior Court Judge Maren Nelson marked the latest setback facing women and family members who accuse J&J of not adequately warning consumers about the cancer risks of its talc-based products. The decision followed a jury's decision in August to hit J&J with the largest verdict to date in the litigation, awarding California resident Eva Echeverria $70 million in compensatory damages and $347 million in punitive damages.
- Bloomberg•yesterday
It's Worth Tuning In to Verizon
No matter what Verizon Communications Inc. does, the only response it seems to elicit is more yawns. But investors might want to pay better attention. This week, the carrier kicked off the industry's earnings season with another solid quarter of results, including the addition of 603,000 retail wireless customers. That brings Verizon's total to above 115 million, likely extending its lead over AT&T Inc., T-Mobile US Inc. and Sprint Corp., which will release their own figures in the coming weeks. Sure, Verizon had to cave and offer competitive unlimited-data packages to be able to bring in so many new customers. But it helps being the best and most profitable network -- it means Verizon can afford
The Street•2 days agoThe Top 10 Cities for Amazon's Second Headquarters
As the race heats up and cities state their cases to house Amazon.com's (AMZN) second headquarters, Moody's Analytics has some suggestions for the e-commerce giant. The firm presented Amazon with 10 cities where the new headquarters, which has the potential for 50,000 well-paying jobs and a $5 billion investment, should be located. The results were based on five "broad" categories; business environment, human capital, cost, quality of life, and transportation. A sixth criterion, geography, was also considered to "rank cities based on regional and geographic factors that Amazon might be taking into account," Moody's Analytics noted. The bidding for Amazon's second headquarters closed on Thursday,
- The Street•12 hours ago
Dr. Oz Welcomes Amazon's Desires to Enter the Pharmacy Business
When asked about media reports that Amazon (AMZN) is looking to get into the pharmacy business, Dr. Oz is in favor of such a move. "I think Amazon has gone into a lot of sectors that aren't as efficient as they should be and forced efficiency," he said. Dr. Oz said there needs to be more transparency so consumers know exactly what their drugs cost. "I'm a heart surgeon - I still practice medicine - when I prescribe a medication for you, I have no idea what it's going to cost you," he said. Dr. Oz pointed to technology advancements in the coming months that will allow doctors to have a better sense of what drugs costs so they can keep the financial aspect in mind when treating patients. Dr. Oz
- MarketWatch•19 hours ago
Here’s how much more money you can put in your 401(k) in 2018
The contribution limit for 401(k) and other employer-sponsored retirement plans has gone up $500 for 2018, according to the Internal Revenue Service. Next year, Americans will be able to contribute a maximum of $18,500 to their 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan, up from $18,000 this year. Annual contributions for individual retirement accounts remain unchanged at $5,500. The additional catch-up contributions for those 50 and older remain unchanged at $6,000 for employer plans and $1,000 for IRAs. See: Here’s one way to turn 401(k) assets into dependable retirement income About 10% of Vanguard participants maxed out their 401(k) contributions in 2016,
- Zacks•2 days ago
GE Badly Misses Q3 Earnings, Lowers View & Defers Dividend
Industrial goods manufacturer General Electric Company GE reported relatively lackluster third-quarter 2017 results and badly missed earnings estimate despite top-line growth. GAAP net earnings from continuing operations for the reported quarter were
- Zacks•yesterday
Schlumberger (SLB) Posts In-Line Q3 Earnings, Revenues Miss
Oilfield service giant Schlumberger Limited’s SLB third-quarter 2017 earnings of 42 cents per share (excluding charges and credits) were in line with the Zacks Consensus Estimate. The bottom line improved from the year-earlier adjusted figure of 25 cents
Reuters•13 hours agoIraq increases oil exports from south to make up for Kirkuk shortfall
Iraq said on Saturday it was increasing oil exports from the southern Basra region by 200,000 barrels per day to make up for a shortfall from the northern Kirkuk fields. The output from Kirkuk fell this week when Iraqi forces took back control of oilfields from Kurdish fighters who had been there since 2014.
