Month: August 2019

If you’re in the market for a new car, there’s a good chance you’ll find some decent deals during the long Labor Day weekend sales push. With vehicles sitting on lots longer and dealerships eager to make room for next year’s models, automakers have boosted their discounts ahead of the three-day weekend. The average incentive
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Autodesk president and CEO Andrew Anagnost in June 2017. CNBC Autodesk shares plunged more than 11% in extended trading on Tuesday after the software company said that the trade war could hurt its financials in the second half of the fiscal year. “While we continue to execute well and are not materially impacted by current
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A financial advisory firm has been charged by the Securities and Exchange Commission with defrauding former professional football players. Former principals of Cambridge Capital Group Advisors, Philip Timothy Howard and Don Warner Reinhard, allegedly took more than $4 million from around 20 retired NFL players to invest in private hedge funds managed by the Tallahassee,
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Cans of Campbell Soup Co. Campbell’s chicken noodle and tomato soup. Andrew Harrer | Bloomberg | Getty Images U.S. food company Campbell Soup reported better-than-expected fourth-quarter profit, benefiting from cost cuts, sending shares up 5% before the bell. To better focus on its mainstream soup and snack businesses, Campbell has been streamlining its operations by
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KTSDESIGN | Science Photo Library | Getty Images Hackers are increasingly targeting the education industry, leaving students’ information vulnerable to identity theft and other types of fraud. Colleges, training providers and other private educational companies received more malicious emails than any other sector in the first quarter of 2019, according to Mimecast, an email and
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Best Buy shares fell 6.5% after its second-quarter revenue and same-store sales growth missed analysts’ expectations and upcoming tariffs on the company’s core products weigh on the stock.  Investors were pessimistic Thursday morning, focusing on both the sales miss and a narrower estimate for same-store sales, driven by disappointing sales in Canada. However, the company
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Aaron M. Sprecher | Bloomberg | Getty Images Cash is still not the answer, despite looming economic uncertainty, according to UBS. “We believe that investors can keep their investment strategies on track for the long term even in the current uncertain times without retreating to cash,” UBS global chief investment strategist Mark Haefele said in
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Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., on Wednesday, July 31, 2019. Andrew Harrer | Bloomberg | Getty Images The next recession in the U.S. could be triggered by still-restrictive Federal Reserve policy unless the central bank makes
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Nutanix IPO celebration at the Nasdaq market site in New York, September 30, 2016. Source: Nasdaq Check out the companies making headlines after the bell: Shares of Nutanix soared 18% in extended trading after the company announced a lower-than-expected loss for the fourth quarter. The cloud platform company reported a fourth-quarter adjusted loss per share of
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