From left, Utah Valley University students Colton Peck, Doug Macdonald and McKenna Jacobsen. Together, they took first place in the Financial Planning Challenge at the Financial Planning Association’s annual conference in Minneapolis last week. Utah Valley University When Colton Peck started school at Utah Valley University, he was set on being an accountant. But after
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SpaceX owner and Tesla CEO Elon Musk reacts during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters Wall Street analysts will be watching Tesla closely for the second time this month when the company releases its earnings report on Wednesday after the bell. Many analysts remain
John Greim | LightRocket | Getty Images Check out the companies making headlines in midday trading. Boeing — Shares of the aerospace giant rose 1.7% after Boeing delivered third-quarter earnings that were below what Wall Street expected but, overall, did not feature any new surprises as the company works through its 737 Max aircraft crisis.
Tech just can’t get away from politics. Sen. Elizabeth Warren, D-Mass., has a bone to pick with Facebook, mainly its standards for political ads. After Facebook refused to take down a Trump campaign ad that accused him of wrongdoing connected to his son Hunter’s work in Ukraine, Warren fired back. She posted her own Facebook
Leon Cooperman at the 2019 Delivering Alpa conference in New York on Sept. 19. 2019. Adam Jeffery | CNBC Billionaire investor Leon Cooperman isn’t holding back anything regarding his feelings about Elizabeth Warren‘s presidential platform. Like many of her fellow Democrats vying for the party’s nomination, the Massachusetts senator has railed against the uber-rich like
Tesla is expected to report third-quarter earnings after the bell on Wednesday. The day before the call, analysts were expecting losses of 46 centers per share, with revenue of $6.42 billion for Elon Musk’s electric car and renewable energy company, according to data compiled by FactSet. The call will mark the first financial report from
Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images The New Hampshire Retirement System voted on Tuesday to end its $239 million relationship with Fisher Investments, bringing the total divested from the money manager
A customer pulls into a McDonald’s restaurant in Shepherdsville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Generally, profits are topping expectations by a large margin this earnings season, but there were some notable misses on Tuesday. Some of the largest and most well-known companies in the U.S. — including McDonald’s, UPS and Lockheed Martin
Speaker of the House Nancy Pelosi, D-Calif., conducts a news conference in the Capitol Visitor Center to introduce the College Affordability Act, an overhaul of higher education system, on Tuesday, Oct. 15, 2019. Tom Williams | CQ-Roll Call, Inc. | Getty Images The House Ways and Means Committee late Tuesday approved Speaker Nancy Pelosi‘s drug
Actress Lori Loughlin and her husband Mossimo Giannulli, wearing green tie at left, leave the John Joseph Moakley United States Courthouse in Boston on April 3, 2019. Pat Greenhouse | Boston Globe | Getty Images Massachusetts prosecutors announced Tuesday that they are levying new charges against 11 of the 15 parents implicated in the “Varsity
Check out the companies making headlines after the bell: Shares of Snap tanked as much as 15% during extended trade despite the company posting better-than-expected third-quarter earnings and user metrics. The maker of Snapchat posted a loss of 4 cents per share, which was better than the 5 cent loss per share Wall Street expected.
A F-35 fighter jet is seen as Turkey takes delivery of its first F-35 fighter jet with a ceremony at the Lockheed Martin in Forth Worth, Texas, United States on June 21, 2018. Atilgan Ozdil | Anadolu Agency | Getty Images Lockheed Martin raised its forecast for 2019 earnings as it reported a 9.2% rise
The downtown Buffalo, New York, skyline along the city’s historic waterfront district on Lake Erie. DenisTangneyJr | E+ | Getty Images East Nusa Tenggara? Madhya Pradesh? The average American vacationer might not have heard of these exotic, far-flung destinations — located in Indonesia and India, respectively — but iconic budget travel guide Lonely Planet says
Biotech stocks surged after Biogen announced plans to revive its Alzheimer’s drug aducanumab. The iShares NASDAQ Biotechnology ETF gained more than 3% at its high on Tuesday — its best daily gain since January 7 — with Biogen powering the ETF higher. Shares of Biogen are up more than 25% and tracking for one of
Kevin Plank, founder and CEO of Under Armour sportswear, in his office in Baltimore, Maryland on October 1, 2009. Bill O’Leary | The Washington Post | Getty Images Under Armour said Tuesday, in an unexpected announcement, that its CEO and founder Kevin Plank will step down from the role on Jan. 1 2020, to be
Getty Images The number of millionaires in the world grew to nearly 47 million over the past year, and they now own close to half of the world’s wealth, according to a new study. Despite the trade wars, slowing global growth and the volatile stock markets, the total number of millionaires in the world increased
Shares of Biogen soared nearly 40% on Tuesday after the drug maker said it is seeking regulatory approval for its Alzheimer’s drug, aducanumab. “It would be the biggest drug ever,” said CNBC’s Jim Cramer on “Squawk on the Street.” The announcement comes just months after Biogen discontinued clinical studies for the same drug following a
Employees sort packages at the United Parcel Service (UPS) Chicago Area Consolidation Hub in Hodgkins, Illinois. Daniel Acker | Bloomberg | Getty Images on Tuesday reported a quarterly profit that came ahead of Wall Street estimates, benefiting from strong e-commerce demand and rival breakup with Amazon.com. United Parcel Service’s e-commerce fueled quarterly profit beat on Tuesday
Guido Mieth | DigitalVision | Getty Images Raymond James‘ independent registered investment advisors have reason to cheer. The firm announced on Monday that it is eliminating transaction fees for stocks, exchange-traded funds and options in a division serving those professionals. The move was announced on Monday at a conference in Bonita Springs, Florida, for the
Don Bayley | iStock / 360 | Getty Images You’ve heard that you shouldn’t cry over spilled milk. But what about money? A new study from CompareCards.com found that about 7 in 10 Americans have shed tears about their finances. Debt is the biggest source of stress, according to the survey, with 31% saying household
Senator Elizabeth Warren (D-MA), a 2020 US Presidential hopeful, speaks during the ‘We The People’ Summit at the Warner Theatre April 1, 2019, in Washington, DC. Brendan Smialowski | AFP | Getty Images One Wall Street economist on Monday warned clients about the tax proposals touted by Democratic presidential hopefuls Elizabeth Warren and Bernie Sanders,
John Boyega, Daisy Ridley and Oscar Isaac in “Star Wars: The Rise of Skywalker” coming to theaters Dec. 20th, 2019. After months of waiting, the official trailer for “Star Wars: The Rise of Skywalker” debuted on Monday night. The trailer opens with Rey running through a forest, wielding Luke’s now-mended blue lightsaber as well as
Former Treasury Secretary Larry Summers, one of the economic pillars of the Democratic establishment, lashed out at the idea of a wealth tax, saying it was bad economics, bad policy and built on bad data. Speaking at a Peterson Institute panel on inequality in Washington on Thursday, Summers said that the type of wealth tax
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, on Wednesday, Sept. 25, 2019. Tiffany Hagler-Geard | Bloomberg | Getty Images WeWork but WeDon’tGetPaid. That’s the grim reality J.P. Morgan Chase bankers are facing now that WeWork is close to accepting a deal to
Shares of Netflix surged 8% in premarket trading after the company late Wednesday released its earnings report for the third quarter. The company reported mixed results, with an earnings beat and a miss on domestic subscriber adds, while revenue slightly missed analysts’ expectations. Here are the results vs. expectations: Earnings per share: $1.47 vs. $1.04
Ken Fisher Crystal Mercedes | CNBC Fidelity has terminated a $500 million relationship with Fisher Investments, bringing the total yanked from the money manager to almost $1.8 billion. Officials at the giant Boston-based asset manager confirmed it would end its relationship with Fisher on Monday, in light of inappropriate comments founder Ken Fisher made at
Getty Images | Hero Images A side hustle can be a good way to make some extra cash, stretch your entrepreneurial wings and perhaps eventually become a full-time business owner. It can be anything from blogging to being an Uber driver or a handyman. A side hustle is usually in addition to another “main” job.
Peloton bike Source: Peloton Shares of fitness program company Peloton have dropped nearly 19% since its public debut last month but Wall Street analysts, including J.P. Morgan, Barclays and UBS, began covering the stock on Monday with bullish forecasts. “We believe Peloton is well positioned to disrupt the fitness industry,” J.P. Morgan wrote in a
Boeing 737 MAX airplanes are stored in an area adjacent to Boeing Field, on June 27, 2019 in Seattle, Washington. Stephen Brashear | Getty Images Boeing shares continued their slide on Monday after explosive messages last week revealed a top pilot had concerns about a system on the 737 Max that was later implicated in
Hero Images | Hero Images | Getty Images For financial advisors, the transfer of wealth from baby boomers to their children over the next two decades is a bit like climate change: The consequences may eventually be huge, but it’s easy to ignore the issue in the short-term. The youngest boomers are now 55 years
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