What better way to get over my fear of taxes than to make doing them as hard as possible? That’s right, rather than hiring an accountant or using TurboTax, I decided to try my hand at doing my taxes the old-fashioned way: With a pen and paper.WATCH »
The Lexington, Massachusetts-based company said it had a loss of 18 cents per share. The drug developer posted revenue of $2.8 million in the period. For the year, the company reported that its loss narrowed to $32.6 million, or 98 cents per share.
Lyft has told investors it expects to price its shares higher than the $62 to $68 range it previously indicated, according to two people familiar with the matter, sending its valuation above $23bn. Executive and bankers have been pitching Lyft's shares to packed rooms of potential investors across the country for the past week. Demand had already exceeded the number of shares on offer by the second day of the roadshow, a positive sign for other fast-growing but lossmaking Silicon Valley companies aiming to go public this year, including Lyft's rival Uber and image sharing platform Pinterest.
Mercedes-Benz owner Daimler is nearing a deal to sell a 50 per cent stake in its small-car brand to China's Geely, according to three people familiar with the plan. The move by Geely, which became Daimler's largest shareholder last year, may be to help out the German group as it struggles to carry the lossmaking Smart brand, which sells only 130,000 cars a year — a fraction of the 2.25m cars Mercedes-Benz sells. Daimler and Geely have become closer in the past year.
Shares of Apple fell from their intraday high Tuesday after U.S. International Trade Commission (ITC) Judge MaryJoan McNamara ruled that the company infringed on a Qualcomm patent and recommended an import ban on some iPhones. The ruling is an initial determination and not binding, however. Apple shares closed trading down 1% to $186.69 on Tuesday, and are up about 19% year to date.
If you're like many adults, the thought of taking an early retirement (could you retire at 45?) has probably crossed your mind at least once or twice. Here's a quick look to see if it's possible to retire at 45 – if you've managed to save $500,000 to fund it. The “four percent rule” – a widely accepted financial rule of thumb – states that your savings should last through 30 years of retirement if you withdraw 4% of your nest egg during the first year of retirement and then adjust each year thereafter for inflation.
But Apple's (AAPL) new venture into the world of credit cards has the potential to change the American payment landscape significantly and give a long awaited boost to tap-your-phone to pay payments, or “proximity mobile-based payments. Apple and [Goldman Sachs] represent strong brands and many merchants can now accept Apple Pay due to EMV point of sale terminal upgrades,” Wells Fargo Securities analysts wrote in a note. This card will likely increase use of Apple Pay.
The world's biggest restaurant chain is spending more than $300 million on Dynamic Yield Ltd., according to a person familiar with the matter. With the new technology, McDonald's restaurants can vary their electronic menu boards' display of items, depending on factors such as the weather -- more coffee on cold days and McFlurries on hot days, for example -- and the time of day or regional preferences. Since taking the helm in 2015, Chief Executive Officer Steve Easterbrook has pushed technology -- including self-order kiosks, digital menus boards and delivery -- to boost sales and help McDonald's stand out among rivals.
CNBC contributor Suzy Welch says there are four surefire signs it may be time to leave your job.
The Democratic senator from Wisconsin — and frequent critic of share repurchases— is introducing a bill to ban open-market stock buybacks. On Tuesday, Baldwin also released a report that examines the impact of stock buybacks on workers, companies and the economy. Baldwin and other Democratic senators will hold a hearing examining buybacks on Tuesday afternoon.
Citi's new service will offer merchants a range of consumer payment options to collect money, including from credit cards and e-wallets, the company said. The digital payment industry has been growing rapidly as more and more consumers make purchases online and use digital checkout services such as e-wallets or cash on delivery. The ease of transferring money has also made traditional payment methods such as checks redundant, forcing many banks and their merchant customers to quickly shift to digital payment technology or fall behind.
It's been a rough month for Boeing (NYSE:BA). This controversy has left investors in a “sell first, ask questions later” mood when it comes to Boeing stock, and BA stock has shed nearly 20% in March alone. Source: Shutterstock Momentum traders are telling investors to stay away from Boeing, warning that BA stock is a falling knife that's still waiting for the other shoe to drop. Meanwhile, contrarian investors are saying that now is the time to get aggressive on Boeing stock.
Carnival CEO Arnold Donald joins CNBC's "Closing Bell" team to discuss the cruise industry and outlook following the fall in the company's stock price on Tuesday.
General Electric Co on Tuesday reached a $49 million settlement to end a long-running lawsuit over its relationship with Thomas Petters, the Minnesota businessman serving a 50-year prison term for running a multibillion-dollar Ponzi scheme. The settlement between GE and a trustee for two bankrupt Florida investment funds known as Palm Beach Finance, who was seeking $651 million, was filed with the federal bankruptcy court in West Palm Beach, Florida. Court approval is required.
On Mar 22, long-term treasury yields plunged, causing a yield curve inversion. To be precise, the return on the 10-year Treasury note slipped below the yield on the 3-month Treasury bill for the first time in 12 years. With the Fed taking a decidedly dovish position, market watchers believe that long-term bond returns will continue to remain low in the near term.
Apple Inc. (AAPL) held a special “It's Show Time” event at the Steve Jobs Theater in Cupertino today, rolling out all of the Hollywood glitter and showmanship it typically employs for its major product debuts. In key areas, Apple now will compete with deep-pocketed companies like Netflix Inc. (NFLX), Alphabet Inc. (GOOGL), and Amazon.com Inc. (AMZN). Here's a look at 4 steps that Apple is taking in an effort to reinvent itself.
Apple Inc said on Monday it will launch a credit card with Goldman Sachs Group Inc this summer that can be used to earn cash back on the purchase of Apple products, but analysts suggest its rewards do not stand out among rivals. The Apple Card will sync with iPhone's users' Apple Wallet and work through its payment system Apple Pay, said Jennifer Bailey, vice president of Apple Pay. She spoke in Cupertino, California, where the company also announced the launch of a streaming television service and an online gaming arcade.
If you are confused by the advice some people offer about Social Security benefits, you're not alone. As a result, people often make the wrong decision about when to start receiving their Social Security benefits. As you approach age 62, the earliest age at which Social Security retirement benefits can begin, you are entitled to free counseling from your local Social Security office.
This Zacks Rank #1 (Strong Buy) stock has a dividend yield of nearly 9%. Moreover, the Zacks Consensus Estimate for current-year funds from operations (FFO) per share has witnessed a 59.9% upward revision over the past 30 days to $2.59, reflecting analysts' optimism on the stock. Based in Newton, MA, Industrial Logistics Properties Trust ILPT is focused on the ownership and leasing of the industrial and logistics properties, primarily in the United States.
Citigroup Inc. moved a team of sales traders in Hong Kong to work on its equities desk to support clients after eight staff were pushed out in the wake of an internal investigation. Among those moved were Ryan Clendenny, Will Faulkner, Annie Wong, Anthony Levenston and Jensen Feng, according to an internal email sent Sunday by Richard Heyes, Asia-Pacific head of equities.
A trade court judge will recommend banning some iPhones from being imported into the U.S. after concluding Apple's best-selling device infringed on technology owned by mobile chip maker Qualcomm. The U.S. International Trade Commission decision is the latest twist in a bitter legal dispute between Qualcomm and Apple over the rights to some of the technology that connects iPhones to the internet. It's unclear if the recommended ban will be imposed or even which iPhone models would be affected.
Dynamic Yield will allow McDonald's to personalize its popular drive-thrus in a bid to sell additional items and by extension, make more money per visitor. Think of it this way: You pull up to a McDonald's drive-thru and the digital menu board will offer suggested items (using Dynamic Yield's technology) based on time of day, weather, current restaurant traffic and trending menu items. With the restaurant industry trying to unearth every penny it could to pay for digital investments and higher hourly wages, McDonald's buying a tech platform such as Dynamic Yield makes sense.
CNBC's Bob Pisani breaks down high dividend ETFs with ETF.com's Dave Nadig and Bank of America's head of ETF strategy Mary Ann Bartels.
"Halftime Report" trader Pete Najarian spots unusual options activity in shares of Facebook and JD.com
CNBC's Kate Rogers reports on McDonald's acquisition of Dynamic Yield and how the fast food giant hopes it will help personalize the customer's experience in drive-thrus.