Operations at U.S. Steel Source: United States Steel Corporation United States Steel on Tuesday said it would idle two blast furnaces in the United States and a third in Europe, as lower steel prices and softening demand led the steel producer to forecast current-quarter earnings below the Wall Street estimates. Steel producers in the United
If you go to work every day just going through the motions, you aren’t alone. According to Gallup, only 33% of employees are engaged at work. So, how can nearly 70% of the workforce be disengaged? I believe it’s because there is a tremendous lack of recognition in the world today, or what I call
Taking up any leadership role in business requires a lot of responsibility, especially when it comes to making major decisions that require considering what’s best for a company. Yet that doesn’t tend to be the only quality that employees look for when it comes to management. Whatever those values are, some CEOs are making a
Businesses in Hong Kong may be moving out amid political uncertainty and massive protests in the city, members of the business community told CNBC. But one analyst said Hong Kong still holds an advantage over its rivals — its proximity to the mainland. “The real concern here, which we’ve seen slight signs of, is that
CNBC’s Jim Cramer on Tuesday applauded Facebook for its planned efforts to give people in troubled communities greater access to the digital age of money. The social media giant announced that it will dive into the cryptocurrency world with an initiative called Libra, a nonprofit independent of the company expected to launch in the first
Traders work the floor at the NYSE in New York. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of Adobe jumped nearly 3% during extended trading after the technology company reported $1.83 in adjusted earnings per share on $2.74 billion in revenue for the second quarter. Those figures topped
Shantanu Narayen, CEO, Adobe Mark Neuling | CNBC Adobe shares rose more than 4% after hours on Tuesday after the company announced better-than-expected earnings for the second quarter of its 2019 fiscal year, which ended on May 31, and lighter-than-expected guidance. Here are the key numbers: Earnings: $1.83 per share, excluding certain items, vs. $1.78
The cryptocurrency industry cannot get enough of Libra, touting its ability to gain mainstream adoption which bitcoin strived to do for years. “Libra is potentially one of the most positive external tailwinds in Bitcoin in its 10-year history,” said Spencer Bogart, of Blockchain Capital to CNBC over email. However there are differences between bitcoin and
Jamie Grill | Getty Images As the calendar crosses the mid-year mark, are you on track to reach your retirement savings goals? The IRS has raised the limits for what you can put away in pre-tax retirement savings account this year. That means you can sock away as much as $19,000 in your 401(k), 403(b),
The U.S. Capitol building is seen reflected in a puddle at sunrise on the day of the U.S. midterm election as voters go to the polls across the country to elect 33 U.S. senators and all 435 members of the U.S. House of Representatives in Washington, U.S., November 6, 2018. Jim Bourg | Reuters The
Jonathan Nicholson | NurPhoto | Getty Images Shares of Western Union fell Tuesday as excitement around the potential of sending money internationally without fees with Facebook’s new cryptocurrency took a bite out of the money exchanging company. Western Union was one of the the worst performing stocks on the S&P 500 index, falling 2.4% to
Kai Pfaffenbach | Reuters Check out the companies making headlines midday Tuesday: Micron Technology, Nvidia — Chipmakers surged after President Donald Trump tweeted he and Chinese President Xi Jinping would have an “extended meeting ” at the G-20 summit next week. The tweet boosted hopes that the U.S. and China will reach a trade deal
Adobe’s upcoming earnings report could be a moment for traders to cash in. The options market is implying about a 4% move in either direction for shares of the cloud giant after it issues fiscal second-quarter results, Dan Nathan, co-founder and editor of RiskReversal.com, said Monday. “That’s in line with the average over the last
Tomoji Hirakata | Getty Images People don’t necessarily donate to charity because of tax benefit. At the same time, without it, they are likely to give less. After years of strong growth, total charitable giving rose just 0.7% in 2018, according to a new report on philanthropy by Giving USA. When adjusted for inflation, total
Donald Gruener | iStock | Getty Images Americans gave less to charity in 2018 than a year earlier, following changes in the tax law and fourth-quarter declines in the stock market, according to a new report. Charitable giving by individuals America fell 1.1% to $292 billion in 2018 compared with 2017, according to Giving USA.
Bank of America financial center manager, center, shows a customer how to use the ATM with Teller Assist station in Cherry Creek. Andy Cross | Denver Post | Getty Images Here are the biggest calls on Wall Street on Tuesday: BMO upgraded Bank of America to ‘outperform’ from ‘market perform’ BMO said that the bank’s
If the thought of investing in bonds overwhelms you, you aren’t alone. Between the different types of securities and the varying yields available in the $43.1 trillion dollar bond market, investors may have a hard time sorting it all out. Yet if you want a balanced portfolio, experts say it’s important to include fixed-income assets.
You use Siri and Alexa, aka artificial intelligence, to find pizza or get the forecast. Now, AI is a deep but unseen part of your job hunt. Companies increasingly use AI to cut down on guesswork. Instead of sorting through thousands of resumes, they can instantly seek out those with the resumes that match what
manusapon kasosod | Moment | Getty Images As Generation X and millennials inherit their baby boomer parents’ assets amid the so-called Great Wealth Transfer, some will look to invest it in rental property to generate income. This property might be a duplex, an apartment building or, depending on the location, a single-family house that could
If the Federal Reserve fails to signal on Wednesday a rate cut, the June rally could hit the skids,Wall Street bull Tony Dwyer warns. The Canaccord Genuity chief market strategist contends it’s necessary for the Fed to ease soon to correct a policy mistake and boost the economy. “We don’t think the Fed needs to
Thomas M. Barwick | Getty Images Financial advisors have another “best interest” rule around the corner: This regulation applies to life insurance and annuity recommendations. New York is rolling out a regulation that will require financial advisors to place their clients’ interests above their own when they’re making recommendations around proposed or in-force insurance contracts.
U.S. stock index futures were mixed Tuesday morning, as market participants braced for the first day of the Federal Reserve‘s interest rate meeting. At around 02:00 a.m. ET, Dow futures dipped 25 points, indicating a negative open of more than 15 points. Futures on the S&P and Nasdaq were seen pointing in opposite directions. Market focus is largely attuned
Christian Kober | Getty Images There are signs that ongoing trade tensions are putting some pressure on China‘s job market — despite Beijing’s efforts to emphasize the negative impact of tariffs on the U.S. According to China’s top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.
CNBC’s Jim Cramer does not expect the Federal Reserve to cut interest rates at its coming Wednesday meeting. “I’m expecting a statement from [Chairman] Jay Powell where he explains that he’s watching the situation closely [and] he’s prepared to cut rates next month if things deteriorate,” the “Mad Money” host said. “I regard that as
The Cosco Spain container ship, operated by Cosco Shipping Holdings Co., sails near the Yangshan Deepwater Port, operated by Shanghai International Port Group Co. (SIPG), in this aerial photograph taken in Shanghai, China, on Friday, May 10, 2019. Qilai Shen | Bloomberg | Getty Images Eleven banks that lend to shipping lines announced Monday that
Beyond Meat CEO Ethan Brown (C) celebrates with guests after ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Drew Angerer | Getty Images The red-hot market for new public companies in 2019 like Beyond Meat and Chewy could spell bad news for the broader stock market in the year
Andy Warhol’s artwork, ‘Silver Car Crash (Double Disaster)’ is displayed while being auctioned at Sotheby’s on November 13, 2013 in New York City. Andrew Burton | Getty Images Check out the companies making headlines midday Monday: Sotheby’s — Sotheby’s shares jumped 57.2% on news that European art collector Patrick Drahi planned to acquire the art
The executive director of Puerto Rico’s Oversight Board is standing by the restructuring agreement that it reached with a portion of bondholders to address $35 billion of Puerto Rico’s debt, despite the island’s government and a key creditor saying they will not sign on to the deal. The agreement, which was unveiled late on Sunday,
The United States as a nation should provide monetary help to groups who have been “disproportionately discriminated against historically,” says former Facebook executive Chris Hughes, who has been working to reduce income inequality. The Facebook co-founder, a supporter of providing people in need with a basic income supplement, told CNBC’s “Squawk Box” he met Aisha Nyandoro, CEO of
It’s about time to write off high-growth tech stocks, Goldman Sachs warned, saying the double whammy of sky-high valuation and elevated regulation is becoming a “hazard” to the group. Technology stocks have been investors’ darlings for years as the appetite for superior growth shows no signs of slowing. Software names especially are big hits this