Warren first pitched a student debt plan as a presidential candidate in April, and then started discussing the upcoming legislation in June. Taken together, Warren's plans attack student debt in three ways: Cancelling debt, reforming the predatory — or “lousy” — student loan system that's in place, and making college free for all. I was shocked when I woke up one morning … and saw that student loan debt had eclipsed credit card debt,” Rep. Clyburn said at a press conference to unveil the legislation.
Snap (SNAP) added more users than expected in its fiscal second quarter, reflecting the company's efforts to attract and retain users on the disappearing photo platform through new content developments and an Android app upgrade launched this spring. Here were the main numbers from the report, compared to consensus expectations compiled by Bloomberg: Revenue: $388 million vs. $360.5 million expected Adj. loss per share: 6 cents, vs. 10 cents expected Daily active users (DAUs): 203 million vs. 191.7 million expected DAUs, or users who open the app at least once a day, were a key focus for the Street, with Snap just recently turning stagnant growth into gains.
The Euro has broken through the vital 61.8% Fibonacci retracement level to dig into the support area just below. We have recently seen the market test the 1.11 level for support and bounce, and it now looks as if we are going to go back towards that area. With that in mind, it makes sense that we will probably drive toward that level and then bounce yet again.
United Parcel Service Inc , the world's largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied for the Federal Aviation Administration certifications needed to expand the business. The launch of UPS Flight Forward marks the latest move in the battle between UPS, Amazon.com Inc and Alphabet Inc for the lead in the nascent U.S. drone delivery industry. UPS said Flight Forward could receive FAA certification for multiple drones and pilots as early as this year, potentially becoming the first company to win such approvals.
Shares of Snap jumped 9.3% to $16 in after-hours trading.The latest figure, widely watched by investors and advertisers, beat analysts' average estimate of 192.2 million, according to IBES data from Refinitiv. After struggling last year with declines in users and high executive turnover, Snap finally returned to growth in the first quarter. In recent months, it scored wins with its augmented reality lenses and the launch of mobile games within Snapchat in partnership with game developers such as Zynga Inc .
Chipotle's (CMG) second-quarter sales smashed expectations, and the stock soared 3% in after-hours trade. Here are the numbers for Chipotle's second quarter, based on Wall Street analyst expectations: Revenue: $1.43 billion vs. $1.41 billion expected, 13% growth year-over-year Adj. earnings per share: $3.99 vs. $3.76 expected Same-store sales: +10% vs. +8.4% expected The company reported that digital sales grew 99% during the second quarter and accounted for more than 18% of total sales.
Jeff Williams co-created the Apple Watch and runs the company's global operations. Now he's the heir apparent if CEO Tim Cook were to leave. Bloomberg's Mark Gurman reports on "Bloomberg Markets."
As I write this, the balance in my checking account is $603.49, but I have no idea whether that's good or bad. Is there a “right” amount to have in my checking account? Gilpatrick needs these answers because a cash reserve “is there in case you can't pay your bills,” she says.
Chipmaker Texas Instruments Tuesday beat Wall Street's sales and earnings targets for the second quarter. The Texas Instruments earnings news sent its stock higher in extended trading. TXN stock is near a record high.
AT&T closed its $85 billion acquisition of Time Warner in June 2018, giving the telecom giant control over lucrative media brands Warner Bros. and HBO, which made the hit show "Game of Thrones." The takeover comes amid an intensifying streaming war between Netflix, Disney and others. Is AT&T stock a buy right now? AT&T stock hit an all-time high of 59.94 back in 1999.
A few generations ago, if you were in your 50s, you were likely on the downhill slide to retirement, with most big financial decisions in the rearview mirror. Planning for life once that full paycheck is gone still should be at the forefront of financial strategy for 50-somethings, according to financial advisors. The first thing to do is take a step back and re-evaluate retirement goals, said AJ Smith, vice president of financial education at SmartAsset.
With such huge gains, it's time to start thinking about what Dow Jones stocks to sell. As you'd expect, when the market as a whole rips so much, it sets up some great profit-taking opportunities in individual stocks out of the Dow Jones' 30 components. Defense Stocks to Buy to Fortify Your Portfolio From vulnerable healthcare stocks to overpriced consumer staples plays and more, here are five Dow Jones stocks to sell before the market slides again.
Thanks to shoppers spending cautiously on clothes in recent months — despite a rallying stock market and low 3.7% unemployment rate — retailers of all kinds are sitting on mountains of excess inventory. Now that inventory must be worked off at profit-margin-busting prices in order to make way for the lucrative, full-price garb targeted to back to school shoppers in August and September. That backdrop sets the stage for scores of earnings misses, lowered profit outlooks and downtrodden earnings calls with Wall Street when the retail sector begins to release results in mid-August.
In our view, this 11-year-old American auto maker will likely become the largest auto maker globally by 2035 as Tesla has 1) an outstanding disruptive product portfolio that will drive consumer demand in the near-term, 2) a strong brand as an electric car manufacturer that will drive long-term revenue growth, 3) minimal competitive risk thanks to other disrupted legacy competitors' inability to adapt from internal combustion engine (ICE) vehicles to electric vehicles, and 4) a competitive cost structure through vertical integration and little need for marketing, which will help Tesla reach above-industry-average margins. Why Tesla Is a Great Company 1.
You wouldn't know it by looking at the stock market, but one more economic indicator is flashing a warning about the U.S. economy. The indicator is the Chicago Fed National Activity Index, which combines 85 indicators to measure the strength of the economy and inflation in the U.S. The index, which is released monthly, came in at a negative 0.02 on Monday, below economist expectations for a positive 0.1. It was negative for a seventh month in a row.
The company also decided to eliminate the COO position, which was held by Eugene Castagna. The layoffs include vice presidents, directors and managers at its headquarters in Union, New Jersey, and at other select locations, the company said. The job cuts follow long-time Chief Executive Officer Steven Temares' departure in May, following pressure from activist investors, who cited the retailer's inability to grow sales and margins.
James Quincey, chairman and chief executive officer at Coca-Cola, discusses second-quarter results as the stock climbs to a record high. He speaks with Bloomberg's Vonnie Quinn on "Bloomberg Markets."
A federal judge won't let AT&T Inc. avoid a case that's getting attention in the cryptocurrency arena. Judge Otis Wright has turned downed the company's push to get a case thrown out, in part, from an AT&T customer, Michael Terpin, according to a court filing earlier this month. AT&T responded to the decision by saying it was "pleased the court dismissed most of the claims," according to a spokesperson in an emailed statement.
Good news for savers: Stiff competition among traditional banks, online banks, and new entrants into the cash-management market could keep rates on high-yield savings accounts at their highest-levels in more than a decade even as the Federal Reserve looks poised to lower benchmark interest rates later this month. Take Betterment, for example. The automated investment service — which relies on computer algorithms to invest client assets and was named MONEY's best robo-advisor for beginning investors last year— launched a new high-yield cash savings account on Tuesday.
Yes, the Roth IRA gets you an investment account that is totally tax-free at retirement. You can no longer comfortably pay the immediate income taxes due on the money you're contributing to your Roth IRA. Converting to a traditional IRA is less of a financial stretch since the contribution to the fund is taken from gross pay, not takehome pay.
Democratic 2020 presidential candidate Sen. Elizabeth Warren on Tuesday released details about her plan to cancel approximately $640 million in student loan debt for millions of Americans. First unveiled in April, the Student Loan Debt Relief Act (which Warren introduced alongside Rep. James Clayburn, D-S.C.) would cancel up to $50,000 in student loan debt for every household with a gross income less than $100,000, roughly 42 million Americans, or about three out of four borrowers. Outstanding student loan debt has doubled over the past decade, nearing a staggering $1.6 trillion in June.
Regardless of how you envision semi-retirement, here are some tips from experts for navigating the transition with ease and ensuring you have enough income and savings to account for health care and other expenses. It's a smart idea to meet with a trusted financial advisor to consider how your taxes, income and savings will be impacted. Use your semi-retirement time wisely.
The Issues Facing General Electric Stock GE has lots of moving parts, and it continues to suffer from major challenges and headwinds. For example, UBS analyst Damian Karas recently downgraded GE stock to “neutral” with a price target of $11.50, down from $13. Part of his concern is the fall in interest rates.
Chinese e-commerce giant Alibaba was one of the top stocks of 2017, surging more than 83% from a proper buy point to the year's peak price of 191.75. And it all started with a cup with handle, one of the bullish chart patterns that the biggest stock market winners form at the start of their rallies. At its purest form, a cup with handle is simply the result of human psychology, as well as institutional support and resistance.
It will be hard for Wall Street to punch holes in Coca-Cola's (KO) second quarter results. Shares of the beverage giant popped 2% on Tuesday following better than expected second quarter earnings. Coca-Cola's adjusted earnings per share came in at 63 cents, higher than analyst forecasts for 61 cents a share.