BlackRock Inc. BLK) on Wednesday reported fourth-quarter net income of $927 million. On a per-share basis, the New York-based company said it had net income of $5.78.
Vale, a world leader in the production or iron ore, pellets and nickel, is the latest company in the mining sector to turn to innovative technology. Center aims to "leverage the adoption of innovative and disruptive technologies in all areas of the business." South American firm Vale, one of the world's largest mining companies, has opened an artificial intelligence (AI) center at its Tubarao site in Vitoria, Brazil.
A resolution on trade between the U.S. and China could be a big catalyst for a relief rally in the stock market. Tariff-sensitive stocks have underperformed significantly and their valuations are getting cheap, according to HSBC. U.S. stocks with revenue exposure to China of more than 20 percent, including Skyworks Solutions, Broadcom, Micron Technology and Marvell Technology Group can be big winners if a trade deal comes through, says HSBC's Ben Laidler.
Video-streaming giant Netflix announced Tuesday that it is raising prices between 13 and 18 percent for new and existing customers. If you had invested in Netflix in 2007, when it first began its streaming service , that investment could have paid off big time: A $1,000 investment would be worth more than $90,000 as of Jan. 15, according to CNBC calculations. The platform faces competition from Amazon, Apple, Disney and, most recently, NBCUniversal , which either offer similar services or plan to launch streaming platforms and which could pull content, and potentially viewers, from Netflix.
CNBC's Jim Cramer discusses his take on Tuesday's market action.
A woman who says she was fired from Morgan Stanley without explanation 22 days after returning from maternity leave wrote an open letter to Chief Executive Officer James Gorman asking to be released from binding arbitration, so she can sue the firm. Chau Pham, a former vice president on a foreign-exchange sales team in the bank's fixed-income division, filed a complaint with the Equal Employment Opportunity Commission, urging it to investigate Morgan Stanley's treatment of women, according to her attorney, Jeanne Christensen at law firm Wigdor LLP. A Morgan Stanley spokesman didn't respond to messages seeking comment outside normal business hours.
The U.S. government tax agency said on Wednesday it would not impose penalties on many taxpayers who had too little federal income tax withheld from their pay last year, or who paid less than their estimated tax liabilities. In a concession that follows a sweeping U.S. tax overhaul enacted in late 2017, the Internal Revenue Service lowered its threshold for waiving the penalty to help taxpayers affected by tax law changes ushered in by the 2017 Tax Cuts and Jobs Act. Tax penalties will be waived generally for taxpayers who have paid at least 85 percent of their total liability through withholding, quarterly estimated tax payments or a combination of the two, the IRS said.
Here we turned to TipRanks' Stock Screener to pinpoint the best growth stocks out there right now. TipRanks uses a natural language processing algorithm to rank analysts based on their success rate and average return.
Failing to make a detailed financial plan Drew Parker, a retired financial manager for a Fortune 500 company in Mercer Island, Washington, wishes he had made a more detailed financial plan before retirement. "Knowing what I know now, that I didn't know before, has afforded me the opportunity to make adjustments to improve my margin of error and to make more informed decisions," says Parker, who created CompleteRetirementPlanner.com. "This knowledge would have been exponentially more valuable at a much younger age, so I encourage others to take the time to do their own due diligence and to create a comprehensive financial plan based only on their own unique circumstances and needs."
Liquidating the store since he took over' Current employees and laid-off workers tell MONEY they hope Lampert operates the company with their interests in mind — namely, with better protection for laid-off workers, stronger efforts to skirt store closures and layoffs, and improved benefits for current employees. We're treated unfairly,” says Brown, who has seen her benefits and hours change drastically with Kmart and Sears' decline over the years. It's just not right.
How much you will owe in income taxes depends on how much taxable income you made over that year. Income is placed into tax brackets to determine how much it is taxed. In a bracketed system, those who make more money get taxed a higher percentage for that additional money they make.
next earnings report is likely to be "unfavorable," according to JPMorgan analyst Stephen Tusa. Tusa said in his note that "if we don't get much tangible, it will reinforce the Bear case that there is no concrete silver bullet plan." Tusa maintained a neutral rating on General Electric with a price target of $6. Noting the company's "myriad of moving parts," Tusa said uncertainty comes from questions about the financial future of the company as well as the scope of GE's persisting issues.
That move lifted shares to $1.51, so clearly the stock is trading more like an option on whether the company will make it or not. Back in September we tested out the product at home as part of my due diligence on the stock, which was then trading around $1.80/share. Always interested in the down and out stories, where investors have given up, I wanted to like the story (the food was great), but just could not get there.
A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp or other Chinese telecommunications companies that violate U.S. sanctions or export control laws. The proposed law was introduced shortly before the Wall Street Journal reported federal prosecutors were investigating allegations that Huawei stole trade secrets from T-Mobile U.S. Inc (TMUS.O) and other U.S. businesses. The Journal said that an indictment could be coming soon on allegations that Huawei stole T-Mobile technology, called Tappy, which mimicked human fingers and was used to test smartphones.
A week after Venezuelan President Nicolas Maduro was sworn in for a second term in office, the option of a complete oil embargo against Venezuela has been put back on the table, according to two unnamed sources who spoke to CNN. The sources also said President Trump was mulling over a declaration that recognizes the President of the Venezuelan National Assembly, opposition politician Juan Guaido, as the legitimate president of the country. While officials from the U.S. administration did not directly confirm the information, CNN quoted the spokesman of the National Security Council, Garrett Marquis, as saying “The United States is currently considering all diplomatic, political, and economic...
Kennedy, who previously started and sold two dotcom-era software companies before getting an MBA from Yale, claims he didn't anticipate the investor frenzy that Tilray ignited as the first cannabis producer to go public on a major U.S. exchange. We were caught off guard,” he says. Indeed, virtually the entire business world is grappling with the sudden arrival of cannabis as a force of disruption, even as marijuana teeters on the grayish line of legitimacy.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) forecast a nearly 14 percent drop in first-quarter revenue, its sharpest fall in a decade, joining a string of tech companies warning of a slowdown in global smartphone demand. The results of TSMC, whose clients include Apple Inc, were being keenly watched after chipmakers including Samsung Electronics Co Ltd recently flagged weak demand. Apple also slashed its sales forecast due to slowing iPhone sales in China.
Larry Fink, BlackRock CEO, joins 'Squawk Box' to give his take on the markets going into 2019.
The American dream is alive and well, and Americans who aspire to build wealth and become rich may be surprised to know they don't need a flashy job or come from an affluent family to build a fortune. The truth is, eight out of 10 millionaires reach that milestone through their company's 401(k) plan, according to the National Study of Millionaires by Ramsey Solutions. “Typically they are hitting it around 25 to 28 years, so right before age 50,” said Chris Hogan of Ramsay Solutions to FOX Business' Maria Bartiromo on Tuesday.
Tim Cook, Apple's chief executive officer, made the disclosure to employees earlier this month in a meeting the day after he penned a letter to investors about the company's recent struggles, particularly in China. During the meeting, Cook was asked if the company would impose a hiring freeze in response. Instead, Cook said some divisions would reduce hiring, according to the people, who asked not to be identified discussing private matters.
Under the Tax Cuts and Jobs Act, which takes effect for tax filings for the 2018 calendar year, standard deduction increases will likely mean far fewer Americans will need to itemize their returns to receive the maximum amount of money back. As many as 27 million fewer taxpayers may need to itemize their taxes, according to an estimate from the Tax Policy Center. If you currently own a home, are considering purchasing one or have made changes to your mortgage, it's important to know how your tax return may be affected.
While growing up in Seattle, Enrique Rico's mom cleaned the posh homes of Microsoft employees. Now, at 26, with no college degree or background in STEM, Rico is working a developer at Avvo, an online marketplace for legal services. The Apprenti program is run by the Washington Technology Industry Association in partnership with the U.S. Department of Labor.
The S&P 500 rallied during the trading session on Wednesday, breaking towards the 50 day EMA, which of course will attract a lot of attention. However, we are starting to break above the 2600 level, so I think if we get a daily close above this area, then things will get interesting. Remember we are in the middle of earnings season though, so it'll be interesting to see how things play out.
Tesla Inc. s home state of California accounted for almost half of all Model 3 registrations through the first 10 months of 2018, a sign that the electric-car maker is wildly popular in the Golden State but not yet ubiquitous in other parts of the country. Through October 2018, the last month for which full data is available, California registered 39,606 Model 3 sedans, or 49.3 percent of all Model 3 registrations in the U.S., according to IHS Markit.
PG&E Corp's chances of emerging from bankruptcy proceedings hinge in part on an arcane California legal rule that threatens to keep the utility owner perpetually on the hook for liabilities from catastrophic wildfires even beyond the more than $30 billion the company expects to face from recent blazes. The doctrine, known as "inverse condemnation," exposes California utilities to liabilities from wildfires regardless of their negligence, as long as their equipment is involved. That legal rule could keep PG&E exposed to additional liabilities from future fires and leave the company stuck in bankruptcy limbo, according to restructuring experts and people familiar with the matter.