Prices of Asia’s natural gas jumped this year — in tandem with crude — as most of the region’s long-term LNG contracts are linked to oil prices, Rajiv Biswas, Asia-Pacific chief economist at HIS Markit, told CNBC in an email. “With world oil prices having moved higher in recent weeks as US sanctions on Iranian
Bank of America CEO Brian Moynihan said that the adoption of technology at the second-biggest U.S. lender has allowed him to cut 100,000 workers in less than a decade. “The straightforward way to get people to feel it is this: We had 288,000 people when I took over as CEO on Jan 1st [2010],” Moynihan
As better-than-expected earnings results drove the Dow Jones Industrial Average more than 500 points higher on Tuesday, paring last week’s losses, CNBC’s Jim Cramer became cautiously optimistic about the fate of the rally. “When the Fed bears are away, the stock bulls will play,” the “Mad Money” host said. “As long as the Fed doesn’t
Canada’s full-fledged legalization of adult cannabis use will be a “watershed” moment for the marijuana industry, and the momentum will extend far beyond the official legalization date, CNBC’s Jim Cramer said. “I think that legal marijuana might be the most disruptive force since Amazon,” the “Mad Money” host said on Tuesday, one day ahead of
BlackRock Inc.: “The stock got hit today, down $18. It’s at the 52-week low. It’s got some of the best people on earth working there. I am certainly not going to countenance selling [CEO] Larry Fink’s stock at a 3 percent yield, so I say hold on.” Kratos Defense & Security Solutions Inc.: “No. This
The U.S. stock market shook off the recent sell-off and rose sharply on Tuesday, but that doesn’t necessarily mean it’s time to celebrate yet, trader Matthew Cheslock told CNBC. The Dow Jones Industrial Average closed up more than 500 points on Tuesday. However, Cheslock pointed out that the blue-chip index hasn’t regained all it lost
Sandy Huffaker | The New York Times A student outside ITT Technical Institute after it abruptly closed, in Vista, California, Sept. 6, 2016. It seems only right that victims of predatory for-profit education companies should have their student loans forgiven. A judge ruled on Tuesday that an Obama-era set of consumer protections for defrauded students
No bigger than Manhattan, the small tropical island of Penang off the west coast of Malaysia has arts and culture, history and nature, beach and jungle. Known as a foodie haven, the island’s largest city, George Town, boasts eclectic architecture, a vibrant art scene and what many claim is the best street food in the
Mark Kauzlarich | Bloomberg | Getty Images The Jaguar I-Pace with Waymo autonomous electric vehicle (EV) is unveiled during an event in New York, on Tuesday, March 27, 2018. A new New Yorker report this week details the events leading up to Waymo’s 2017 high-profile lawsuit alleging Uber stole its trade secrets for creating self-driving vehicles.
Earnings season is heating up, with 55 S&P 500 companies and seven Dow members reporting their results this week. So far this week, investors have gotten results from 13 S&P companies and three Dow components. Amid the waterfall of results, market watchers are recommending the names that look best positioned ahead of their reports. Netflix,
Shares of discount retailer Dollar Tree jumped on Tuesday after The New York Post reported investor Carl Icahn had taken a stake in the company. The report said Icahn had taken a “significant” stake in Dollar Tree, but also noted his plans for the company were not exactly clear. Icahn is an activist investor, known
Students and parents tend to focus on a school’s sticker price rather than its net price — what they’ll actually pay after accounting for scholarships and grants, said Mark Kantrowitz, publisher of SavingForCollege.com. The net price is more personal and therefore accurate. Most colleges include a net price calculator on their website, Kantrowitz said, and
You’re saving for retirement, and the first thing you see is a list of fund names. Some people freeze and put off choosing. Others look for a simple approach. If you are in a workplace retirement plan, you may be automatically placed into an investment known as a target-date fund. You can usually recognize these
As the wise, old sage Yogi Berra once said, “When you come to the fork in the road, take it!” That simple advice doesn’t apply for today’s investor, because the market offers several fork-in-the-road options for risk-minded individuals. As the economy strengthens and the U.S. equity market hovers at near-record levels, investors are faced with
“Student loan debt has been a barrier in making key life decisions and planning for the future,” Brown said. AYA and AARP polled nearly 5,000 adults, including millennials, Gen Xers and boomers, between July and August. Here’s a look at some of the long-term consequences: Saving for retirement Four in 10 respondents said student loan
Prices have fallen with the rest of the bond market recently, but the Bloomberg Barclay’s U.S. Corporate high-yield index had a total return of 1.05 percent through Oct. 11. Floating-rate leveraged loans remain the hottest segment of the fixed-income market. The Credit Suisse Leveraged Loan index was up 4.46 percent through Oct. 11. High-yield funds
Investors drove shares of Domino’s down by 5.5 percent Tuesday, disappointed in slower-than-expected sales growth during the third quarter. Revenue rose 22.1 percent during the third quarter over the previous year to $786 million, the company said in releasing its earnings before the markets opened. It fell short of the $788.1 million expected in a
UnitedHealth, the largest U.S. health insurer, on Tuesday reported better-than-expected third-quarter earnings and revenue, driven by higher membership growth for its health insurance plans. UnitedHealth earnings rose 28 percent to $3.41 per share. Total revenue rose 12.4 percent to $56.56 billion. Analysts on average had expected earnings of $3.29 per share on revenue of $56.34
Walmart on Tuesday cut its earnings outlook, as it previously warned it would do this, citing the impact of its acquisition of Indian e-commerce company Flipkart. The company also said e-commerce growth will be less robust next fiscal year, as it’s still fighting to win more shoppers online. Ahead of its annual investors meeting, Walmart
If you like MacBooks, you should take a look at the Surface Laptop 2. It’s thin and light, just like you expect from a MacBook, but even beats Apple at some new features. For one, it has a touchscreen display. It’s convenient to be able to reach out and tap an icon or switch an
While inflation has been rising, wage growth of sub-3 percent is still far from pre-great financial crisis levels north of 4 percent. In a note published last week, Goldman Sachs Chief U.S. Economist Jan Hatzius remarked that despite the unemployment rate standing the lowest level in 48 years (at 3.7 percent), core personal consumption expenditure
More than four months after San Francisco removed electric scooters from the roads, they’re finally back — but not exactly how we remember them. Two start-ups, Scoot and Skip, dropped their kick scooters in San Francisco on Monday, after winning permits from the city to operate their vehicle fleets. Back when scooters flooded the sidewalks
Luke Sharrett | Bloomberg | Getty Images Workers assemble semi trailers on the factory floor at the Wabash National Corp. manufacturing facility in Lafayette, Indiana. Finally, Cramer looked into why a top truck manufacturer at the “sweet spot of e-commerce” issued a wildly negative earnings preannouncement on Friday. Between a lack of new workers, rising
Cisco Systems Inc.: “Yeah, I would [buy ahead of earnings next week]. I think the stock is way too low. It’s come down a lot. It kind of doesn’t really make a lot of sense to me. I think it’s a buy.” Microsoft: “The stock has had just a monster run. My charitable trust owns
David Paul Morris | Bloomberg | Getty Images People enter the Adobe Systems Inc. office in San Francisco, California. Adobe stock rose nearly 6 percent during after-hours trading after it announced its growth strategy on Monday at its analyst meeting. It estimates that its 2019 revenue to grow 20 percent year over year and its
If you want to shave down your estate tax bill in the future, consider giving away some of your fortune. The Tax Cuts and Jobs Act increased the gift and estate tax exemption to $11.18 million per person this year. That’s more than double the $5.49 million per individual limit in 2017. This means you
The world “athleisure” is practically synonymous with Lululemon, but the company’s founder told CNBC that the term is “totally lame.” Billionaire Chip Wilson, who founded Lululemon in 1998, said that “athleisure” was coined by the New York fashion media. “That’s the last thing in the world that it is — leisure. We come from function
Fidelity has a long history of dealing with enterprise security, as well as public and private key cryptography to make sure it isn’t part of that statistic. Its custody solution will involve vaulted “cold storage,” which involves taking the cryptocurrency offline, and multi-level physical and cyber controls, among other security protocols that have been created
Marijuana stocks rallied Monday after one of the largest Canadian cannabis companies announced that it has agreed to acquire a U.S.-based hemp company. Canopy Growth told investors its purchase of Evergreen, Colorado-based ebbu will “complement and accelerate” its ambitions to expand into new types of consumer products. At closing, Canopy Growth will pay 25 million
In comparison, your chance of being struck by lightning in your lifetime is 1 in 14,600, according to the National Weather Service. If no one hits the Mega Millions jackpot, the prize likely would jump past the game’s existing record of $656 million in March 2012. In that instance, the amount was split three ways.
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