FBI agents walking into the home of United Auto Workers President Gary Jones after removing materials from the location on Wednesday, Aug. 28, 2019. Michael Wayland/CNBC DETROIT – The scope of an ongoing federal corruption probe into the United Auto Workers continues to widen as the union attempts to solidify new labor contracts with the
Month: October 2019
Carl Court | AFP | Getty Images Oil giant Royal Dutch Shell reported a 15% fall in third-quarter net profit on Thursday, citing lower energy prices and chemicals margins. Net income attributable to shareholders on a current cost of supplies (CCS) basis, used as a proxy for net profit, and excluding identified items, came in
President Donald Trump delivers keynote remarks at the Shale Insight 2019 Conference in Pittsburgh, Pennsylvania, October 23, 2019. Leah Millis | Reuters It’s all coming down to President Donald Trump and the China trade war if the market can close out the year with gains, according to Wall Street strategists and investors. Trump has been
The Pentagon warded its Joint Enterprise Defense Infrastructure (JEDI) contract to Microsoft late last week. The JEDI contract is worth up to $10 billion over 10 years, but just as valuable as the money, it’s also worth bragging rights and street cred. This was supposed to be Amazon’s contract to lose. Amazon practically invented enterprise cloud
Exxon and Chevron report earnings on Friday before the bell as energy companies continue to struggle, pressured by falling oil prices, waning demand and squeezed margins. The Street is expecting Exxon’s earnings to plummet by more than 50% from a year ago. For Chevron, it’s a more modest 29% decline. Exxon Exxon is expected to
Thomas Barwick | Getty Images Financial advisors and wealth managers counsel others on money matters. Doling out financial advice is their bread and butter. And like doctors who turn to other physicians when they’ve got their own aches and ailments, financial advisors often rely on others’ opinions when planning their own finances. And, in some
Former Massachusetts Governor and Republican presidential candidate Mitt Romney is interviewed at the Silicon Slopes Tech Conference on January 19, 2018 in Salt Lake City, Utah. George Frey | Getty Images Sen. Mitt Romney, R-Utah, is taking the lead on a new proposal aimed at fixing funding shortfalls for Social Security, Medicare and the nation’s
PHILADELPHIA – FEBRUARY 23: Newspapers await purchase as pedestrians pass by honor boxes at the … [+] Philadelphia Inquirer Building February 23, 2009 in Philadelphia, Pennsylvania. Philadelphia Newspapers LLC, owner of The Philadelphia Inquirer, Philadelphia Daily News, and Philly.com, filed for bankruptcy protection Sunday in an attempt to restructure the company’s debt, estimated at $390
DES MOINES, IA – AUGUST 10: Former mayor of New York City, and Everytown for Gun Safety founder, … [+] Michael Bloomberg speaks during a forum on gun safety (Photo by Stephen Maturen/Getty Images) Getty Images Whatever else they do, the wealth taxes proposed by senators and Democratic presidential hopefuls Elizabeth Warren (D-MA) and Bernie
Victorian houses at Alamo Square Getty LendingTree recently released a fun report looking at “how many median-priced homes a person could buy in each of the nation’s 50 largest cities for the cost of a single median-priced home in San Francisco.” The research looked at the country’s top 50 largest cities to gain a perspective
As wildfires rage through western California, a new way to help prevent them is now being tested in nearby Tahoe National Forest. It is a first-of-its-kind financial tool, designed to help investors fund forest restoration in overgrown, highly combustible areas, which are becoming ever more dangerous due to climate change. The Forest Resilience Bond was
A Dunkin’ location in Brooklyn, New York. Scott Mlyn | CNBC Dunkin’ Brands Group Inc reported lower-than-expected quarterly same-store sales in its namesake donut and coffee chain on Thursday, as it struggled to attract diners in a crowded breakfast and coffee market in the United States. However, the company raised its full-year earnings per share estimates
Check out the companies making headlines before the bell: Altria (MO) – The tobacco producer beat estimates by 4 cents with adjusted quarterly profit of $1.19 per share, 4 cents above estimates, with revenue also beating forecasts. Altria also took a $4.5 billion writedown on its investment in e-cigarette maker Juul, on the possibility of
Tim Cook, chief executive officer of Apple Inc., speaks about the new iPhone Pro during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 10, 2019. Apple unveiled the iPhone 11 that will replace the XR and start at $699. Photographer: David Paul Morris/Bloomberg via Getty Images David Paul Morris
Carlina Teteris | Moment | Getty Images As you choose your benefits for 2020, don’t overlook a key saving account that could beat your 401(k) plan — at least in terms of taxes. This year, nearly 3 in 10 employers that offer workplace benefits provided a high-deductible health insurance plan along with a tax-advantaged savings
It’s not always easy to find ways to cut when developing your budget. But there are definitely line items we turn to first. Splurges get axed before any other expense, whether it’s travel or eating out, according to a new survey by credit repair service Lexington Law. What’s often ignored: the low-cost monthly subscriptions. The
Economic Security Planning, Inc. Today’s column addresses the rate of spousal benefits after early retirement benefits, drawing on multiple exes’ records, changing the start date of benefits after filing, eligibility for survivor benefits in a domestic partnership and when delayed retirement credits are applied to benefit payments. Larry Kotlikoff is a Professor of Economics at
With the existence of websites like Zillow, it may seem as though technology is all that is needed to analyze comparative properties and accurately estimate the fair market value of your home. But as a broker, I know that doing so can be more of an art than a science. Even in large cities where
Los Angeles Lakers forward LeBron James (23) moves to the basket against Denver Nuggets guard Jamal Murray (27) during the second half at Staples Center, March 6, 2019. Gary A. Vasquez | USA TODAY Sports | Reuters The Los Angeles Lakers and Delta Air Lines extended their partnership on Wednesday, allowing Atlanta based company to
Apple reported fourth-quarter earnings that beat analyst expectations on Wednesday, thanks to strong performance in services and its fast-growing wearables business. Although Apple’s iPhone’s business was down 9% year-over-year, the company signaled that it expected a big holiday quarter, and Apple stock rose over 1% in after-hours trading Here’s how the company did compared with
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