Lyft, the ridesharing company set to hit public markets Friday, will be a good stock to buy in the short term but it has challenges in the long run, CNBC’s Jim Cramer said Friday. “I think Lyft is exactly the kind of stock that can work in this slower growth environment, but you need to
Bloomberg | Bloomberg | Getty Images A bag of Tyson Foods Inc. frozen chicken is arranged for a photograph in Tiskilwa, Illinois, U.S., on Thursday, May 5, 2016. Tyson is scheduled to release earnings figured on May 9. Tyson Foods is recalling over 69,000 pounds of its ready-to-eat chicken strips after two consumers complained of
To be sure, there are still few if any economists who think an actual recession is near. Zandi, the Moody’s economist, said the current jobs market is strong enough that it suggests an economy that is “struggling” rather than one in recession. Likewise, Joe Brusuelas, chief economist at RSM, figures it will be a “near-miss”
The IRS once again is making it easier on taxpayers facing unexpected penalties following implementation of the Tax Cuts and Jobs Act. Individuals who failed to pay a certain percentage of their federal tax bill throughout the year are subject to an underpayment penalty when they file. On Friday, the agency said it is lowering
Andrew Harrer | Bloomberg | Getty Images Jeff Bezos, founder and chief executive officer of Amazon.com Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S., on Thursday, Sept. 13, 2018. Many Wall Street analysts this week from various industries made note of Amazon disrupting the companies they cover. CNBC combed through
Even if it’s just cash you have in a savings account, your advisor generally should know about it. Basically, it’s a piece of the puzzle. Some assets get different tax treatment than others, which can influence an advisor’s recommendation on what source of money you should turn to for various needs or wants and when.
The recent college admissions scandal underscores how difficult it can be for middle- and low-income students to get their foot in the door at elite institutions. “It is not a level playing field, even without cheating,” said Mark Kantrowitz, publisher of SavingForCollege.com. Less than 5 percent of students at Ivy League and other elite colleges
Tiffany shares fell Friday after the company reported a 1 percent drop in sales worldwide during the holiday quarter, citing “external challenges and uncertainties.” Its stock was down more than 5 percent in pre-market trading following the earnings release. The luxury jewelry retailer said net sales fell to $1.321 billion during its fiscal fourth quarter,
Deutsche Bank paid its management board members their first bonuses in four years in 2018, with Christian Sewing’s 7 million euro ($8 million) total pay package making him one of the best paid chief executives in European banking. Deutsche Bank’s politically sensitive pay disclosures, which were revealed in its annual report on Friday, come as
Levi Strauss & Co, the maker of Levi’s jeans, kicked off the IPO frenzy by going public and making investors a lot of money, but the stock is now too high to buy, CNBC’s Jim Cramer said Thursday. Shares of the jean company, which was founded in antebellum America, rocketed more than 30 percent during
CVS Health CEO Larry Merlo told CNBC Thursday that the health chain is unlocking growth opportunities despite the stock’s downward trend since officially merging with Aetna in November. The company has made “tactical execution” changes to its long-term care business that has faced “intense financial pressure,” he said. The skilled nursing unit came from CVS’
Carlo Allegri | Reuters An investor walks out of the Lyft roadshow with documents in hand at a hotel in New York, New York, U.S., March 21, 2019. Lyft is in the process of courting investors, but potential buyers still question how and when the company will make money. The ride-hailing start-up is wrapping up
Levi Strauss shares are on a tear after the company’s initial public offering. Shares of the 166-year-old denim company ended trading nearly 32 percent higher on Thursday following the company’s second-ever IPO. Levi Strauss first went public in 1971 before going private for over three decades. Here’s what four Wall Street and retail industry experts
Nike is set to report fiscal third-quarter earnings after the bell on Thursday. Here’s what analysts are expecting, based on a poll by Refinitiv: Earnings per share, adjusted: 65 cents Revenue: $9.61 billion Hoping to keep building momentum for its brand, Nike’s focus has shifted from its wholesale partners to now selling as much as
David A. Grogan | CNBC Brian Roberts, CEO, Comcast, speaks with Jim Cramer, on CNBC’s “Mad Money” from Philadelphia, September 6, 2018. Comcast is making it easier for its broadband-only customers to access streaming video without an outside set-top box. For $5-per-month, Comcast will give its internet-only customers a connected box to watch Netflix, Amazon
Federal Reserve Chairman Jerome Powell changed course and finally made the correct policy decision by indicating the Fed is stalling interest rate increases for the year, CNBC’s Jim Cramer said Thursday. “I thought that Jay was great [Wednesday],” Cramer told “Squawk Box,” referring to Powell’s news conference at the conclusion of the central bank’s two-day
With the Spend & Save account, Aspiration guarantees that deposits are 100 percent fossil-fuel free. The company also promises features that are competitive with traditional banking products. That includes a 2 percent annual percentage yield on deposits, which are FDIC insured for up to $250,000. The account also comes with unlimited cash-back rewards on every
When you think of Southern living in the United States, a sunny climate and warm hospitality may come to mind. So it should come as no surprise that moving south is a popular choice for retirees. But with so many options to choose from, where should you look to spend your golden years? While every
With the odds stacked against players hitting the jackpot — your chance is about 1 in 292 million — the Powerball jackpot has been growing since late December. For Saturday night’s drawing, the cash option — which most winners go with — is $380.6 million. The 24 percent federal withholding would reduce that amount by
Shares of clothing company Guess tumbled nearly 16 percent Thursday after reporting earnings that missed analyst expectations. Guess posted adjusted earnings per share for the fourth quarter of 70 cents. Analysts polled by Refinitiv expected a profit of 75 cents a share. The company also said its same-store sales in the Americas fell 0.7 percent
Olive Garden’s promotions and menu upgrades are paying off for parent company Darden Restaurants, which raised its fiscal 2019 outlook on Thursday and beat analysts’ earnings estimates. Shares of the company rose 5 percent in morning trading. Darden’s stock, which has a market value of $14.14 billion, is up more than 22 percent over the
For its fiscal second quarter, Micron generated nearly $1 billion in free cash flow and a profit of $1.71 per share, excluding items. That was down from $2.82 a year earlier but above Wall Street expectations of $1.67, according to IBES data from Refinitiv. “Certainly Micron has not been in a situation before where it’s
As the mobile wallet market grows in profitability, however, competition is also heating up. Go-Pay’s largest rival, Ovo, is backed by Singapore-based tech company Grab and is one of the largest players in Indonesia’s digital payment market. State-owned enterprises have also recently collaborated to launch the mobile payment service, LinkAja. Haryopratomo said he was “excited”
Growing trade tensions between the U.S. and China, coupled with nagging concerns about the Chinese economy have rattled confidence in some of the industry’s key players. Soft iPhone sales, along with a deceleration in cryptocurrency mining ventures, further fed investor anxiety surrounding weakened demand. Looking ahead, Credit Suisse’s Nigam said investors should focus on supply-side
CNBC’s Jim Cramer on Wednesday said he thinks a federal judge should put a “special master” on Tesla‘s board of directors to make CEO Elon Musk comply with a court-approved deal between him and the Securities and Exchange Commission. Musk has been under pressure for his practice of relaying important business information about Tesla through
Trade negotiations between the United States and China have boiled down to whether President Donald Trump can trust the Chinese or not, CNBC’s Jim Cramer said Wednesday. “It’s not about the trade gap, people. It’s about the trust gap,” the “Mad Money” host said. “Until investors realize that’s what’s driving these negotiations, we’ll forever be
Levi Strauss priced its initial public offering at $17 per share, the company announced late Wednesday. That number comes in higher than the expected range, valuing the iconic denim company at about $6.6 billion and bringing its total raise to about $623 million. The company was expected to price its offering of about 36.7 million
On Friday March 15, the S&P 500 completed its quarterly rebalancing for the first time in 2019. A little reminder: the S&P 500 is a market-cap weighted index and rebalances four times each year. Each time, index funds and ETFs that track it have to adjust to follow suit. Over the past decade, the best-performing
Have tech companies gotten so big that it’s bad for the economy? Senator Elizabeth Warren says so. She’s proposing to break up not one, but several tech giants, including Amazon, Apple, Facebook and Google. She says they shouldn’t be allowed to both run distributor platforms and compete on them. It’s like being an umpire and
Often touted for being highly nutritious, kale has joined the list of 11 other fruits and vegetables known to be “dirty,” according to an analysis by the Environmental Working Group. The watchdog group publishes its “Dirty Dozen” list annually, in which it ranks the 12 produce items that contain the highest amount of pesticide residues.
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