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    VIDEO1:3301:33News Update – Pre-MarketsNews Briefing Take a look at some of the biggest movers in the premarket: Goldman Sachs (GS) – Goldman gained 2.6% in premarket trading, following upbeat profit and revenue. Second-quarter earnings came in at $7.73 per share, compared to a consensus estimate of $6.58 a share. Goldman's profit dropped from a year ago, however, as the pace of dealmaking slowed. Synchrony Financial (SYF) – The financial services company's stock rallied 3.5% in the premarket after it reported better-than-expected profit and revenue for the second quarter. Synchrony pointed to upbeat loan growth and credit trends, with the consumers remaining strong. Coinbase (COIN) – Coinbase rallied 6.5% in premarket action, with the cryptocurrency exchange operator's stock one of several crypto-related stocks rising after the value of bitcoin and ether surged in overnight trading. Bank of America (BAC) – Bank of America fell 2 cents a share shy of estimates with quarterly earnings of 73 cents per share, though revenue came in slightly above Wall Street forecasts. Bank of America's results were impacted by a sharp drop in investment banking...
    In this article BHC-CA CNC ROKU X 9618-HK BABA VIDEO1:2701:27News Update – Pre-MarketsNews BriefingCheck out the companies making headlines before the bell: Adobe (ADBE) – Adobe shares fell 3.7% in premarket trading after the software company issued weaker-than-expected financial guidance for the current quarter and the full year. Adobe is facing headwinds from the war in Ukraine and unfavorable foreign exchange rates, although its most recent quarter did beat Wall Street estimates for profit and revenue. JD.com (JD) – JD.com is exploring a possible expansion into food delivery, according to CEO Xin Lijun in an interview with Bloomberg. That would put the Chinese e-commerce giant in direct competition with Alibaba and Meituan, which dominate that business in China. JD.com jumped 8.9% in the premarket. U.S. Steel (X) – U.S. Steel rallied 7.7% in the premarket after issuing better-than-expected guidance for the current quarter. The steel producer's results are being helped by rising demand and higher steel prices. Roku (ROKU) – Roku shares gained 3.4% in premarket action after it announced a partnership with retail giant Walmart (WMT). Users of...
    MoMo Productions | Stone | Getty Images Retirees and those planning to retire soon are the people most threatened by high inflation, investment managers and financial experts said at CNBC's Financial Advisor Summit. Inflation means a dollar today can buy fewer groceries and other household staples than it did a year ago, on average. Some inflation is expected in a healthy economy. But prices for consumer goods and services are rising at their fastest pace in 40 years. The torrid pace over the last several months has eroded household purchasing power more quickly than usual, which has been especially challenging for those living on fixed incomes.More from FA Playbook:Here's a look at other stories impacting the financial advisor business. Op-ed: How advisors can navigate investors through uncertainty Her dad died on 9/11. She became an advisor to help others like her How advisor firms are doubling down on efforts to up diversity "The biggest risk is actually for those that are retired," Nancy Davis, founder and managing partner of asset manager Quadratic Capital Management, said of inflation. People...
    LEARNING how to manage your money is one of life's most important skills - and to be honest, it's something we could have done with learning about in school rather than being endlessly quizzed on algebra. So it's hardly surprising that most women money-saving expert Paridhi Jain encounters have no idea how to deal with their finances. 2The money-saving expert has revealed the three most common traps she sees women falling intoCredit: Alamy 2Paridhi is the founder of financial education platform SkilledSmartCredit: Collaw.edu.au Writing for Mammia Mia, the founder of financial education platform SkilledSmart shared the three most common traps she sees women in their twenties falling into - and how to avoid them. Stop waiting for your 'real job' to start saving As long as you're in a job, the expert says you should be putting some money away each month - even if it's not a role you see yourself in for a long time. She explained: "Your job as a cleaner or dog-walker or babysitter is just as valid as whatever career you’re working towards in...
    XiFotos | E+ | Getty Images Inflation is not just a day-to-day worry for Americans. It is now also their top risk for retirement. A survey from Allianz Life Insurance Company of North America finds that 25% of Americans see rising inflation as the single greatest risk to their retirement plans. That's up from 8% who said they saw higher prices as a risk to their retirements in 2020. Inflation also tops other retirement risks people are concerned about in 2021, like outliving their money, which was cited by 8%; increased health-care costs, also 8%; and job security, 7%. More from Personal Finance:Why January is one of the best times to look for a new job Monthly child tax credit payments could expire soon How to make the most of your year-end bonus Inflation rose 6.8% in November from one year ago in the fastest acceleration since 1982, according to Consumer Price Index data released last week. Much of that increase in the index, which tracks the prices of consumer goods and services, was driven by soaring food and energy...
    In this article HOG PFE SIVB XOM KO CCL GME Customers view Harley-Davidson Inc. motorcycles at the company's dealership in South San Francisco, California, U.S., on Tuesday, June 26, 2018.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading. Harley-Davidson — Shares of the motorcycle maker jumped about 7% after the company announced its electric motorcycle unit, Livewire, will go public through a merger with a special purpose acquisition company, or SPAC. The deal is valued at about $1.8 billion and will trade on the New York Stock Exchange under the ticker symbol "LVW." Pfizer — Shares of the vaccine maker jumped more than 4% after a new Israeli study showed its Covid booster shot provides strong protection against severe illness from the omicron variant. Its partner BioNTech saw shares jump about 8.2% on the news. Separately, the company announced it will acquire drug developer Arena Pharmaceuticals for $6.7 billion in cash. Arena's shares soared by 79%. Meme stocks — Speculative stocks that were once popular with retail investors on Reddit slid as traders...
    In this article COIN AMP FFIV TSLA The logo of Tesla seen at one of its showroom. Tesla announced its Q1 2021 earnings today.Toby Scott | LightRocket | Getty ImagesCheck out the companies making headlines after the bell:  Tesla — Shares of Tesla edged more than 2% higher in extended trading after the electric vehicle maker's second-quarter earnings beat Wall Street expectations on both top and bottom lines. Tesla reported quarterly adjusted earnings of $1.45 per share on revenues of $11.96 billion. Analysts estimated earnings of 98 cents per share on revenues of $11.3 billion, according to Refinitiv. Tesla reported more than $1 billion in quarterly net income and noted a $23 million impairment related to bitcoin. F5 Networks — F5 Networks shares jumped more than 5% after hours following a third-quarter earnings beat. The technology company reported adjusted earnings of $2.76 per share, compared with analysts' $2.46 per share estimate, according to Refinitiv. F5 Networks also posted revenue of $652 million versus Wall Street's $638 million projection. Ameriprise Financial — Shares of Ameriprise Financial fell about 1% in...
    THE UK's financial watchdog has ordered cryptocurrency exchange Binance to end ALL activities. The intervention comes as one of the most significant moves by any global regulator against the digital asset firm with subsidiaries around the world. 3Binance has been ordered by the UK's financial watchdog to end all activitiesCredit: Reuters 3It comes as a major blow to one of the world's biggest cryptocurrency exchangesCredit: Reuters In a notice dated June 25, the Financial Conduct Authority (FCA) said Binance Markets Ltd, "must not, without the prior written consent of the FCA, carry out any regulated activities, with immediate effect". They added: “The FCA has told Binance that by June 30 it must display a notice stating "Binance Markets limited is not perimtted to undertake any regulated acitivity in the UK" or on its website and social media channels. The company must also now preserve information relating to UK consumers and inform that the FCA this has been done by July 2. The regulator did not explain why it had taken these measures. The intervention comes as a sign of how...
    New York (CNN Business)The banking world nearly caved in 13 years ago. The former CEO of Washington Mutual is worried that another bubble is brewing.Kerry Killinger was named CEO of WaMu in 1990 and was fired in September 2008 -- just weeks before the bank failed as a growing number of mortgage loans went bad. WaMu was one of several top financial firms to collapse during the financial crisis last decade, but the giant savings and loan with more than $300 billion in assets still ranks as the biggest-ever bank failure. WaMu was seized by regulators in September 2008 and sold to JPMorgan Chase (JPM) for a fire-sale price of $1.9 billion. Killinger spoke to CNN Business about the similarities and differences between now and 13 years ago.The good newsRead MoreThe Global Financial Crisis led to a wave of new federal rules that were designed to strengthen the balance sheets of top banks and ensure that another catastrophe like 2008 could never happen again.The good news is that Killinger thinks JPMorgan Chase and other "too big to fail banks" are...
    Suze Orman has spent decades teaching other people how to be hands on with their money. But the biggest oversight people often make is not figuring out what will happen to their belongings when they are no longer able to make decisions, according to the bestselling author. Creating a will is a good first step, but it isn't the only document you'll need to protect yourself and loved ones in the case of your death, said Orman. Check out this video to see the three other documents that Orman says everyone needs. More from Invest in You:How much you can expect to get from Social Security if you make $40,000 a yearThe real 'Catch Me If You Can' con artist says this classic scam is making a comeback SIGN UP: Money 101 is an 8-week learning course to financial freedom, delivered weekly to your inbox. CHECK OUT: Why January is a particularly great time to invest your money via Grow with Acorns+CNBC. Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.
    VIDEO1:0501:05Stocks set to slide at openMorning Report Take a look at some of the biggest movers in the premarket: Dish Networks (DISH) – The satellite TV provider rose 3.2% in premarket trading after it reported quarterly earnings of $1.24 per share, well above the consensus estimate of 75 cents a share. Revenue came in above estimates as well. Dish lost a net 133,000 pay-TV subscribers during the quarter, compared to a drop of 194,000 a year earlier. Boeing (BA) – Boeing shares fell 3.2% in the premarket after an engine failed on a United Airlines (UAL) Boeing 777 jet. U.S. regulators have ordered inspections of jets using the same Pratt & Whitney engine that failed on the United flight, and Boeing has recommended airlines suspend using those jets until inspections can be completed. Cooper Tire (CTB) – Cooper Tire shares jumped 13.1%, following news that it had agreed to be acquired by rival Goodyear Tire (GT) for $2.8 billion in cash and stock. The deal is worth $54.36 per share for Cooper Tire shareholders, 24% above Cooper's Friday closing price....
    United Airlines Boeing 787-9 Dreamliner landing in London Heathrow International airport in England, UK.Nicolas Economou | NurPhoto | Getty Images Check out the companies making headlines after the bell: United Airlines — Shares of the airline dipped more than 2% in extended trading on Wednesday after missing on the top and bottom lines of its quarterly earnings. United lost $7.00 per share, lower than the expected loss of $6.60 per share, according to Refinitiv. United made $3.41 billion in revenue, missing estimates of $3.44 billion. Discover Financial — Shares of the financial services company ticked nearly 1% lower in after hours trading on Wednesday despite topping analyst expectations for its quarterly results. Discover Financial reported earnings of $2.59 per share, above estimates of $2.42 per share, according to Refinitiv. Revenue came in in-line with expectations at $2.82 billion. Plexus — Shares of the supply chain solutions company rose more than 3% after the bell after reporting earnings of $1.23 per share, topping estimates by 13 cents, according to FactSet. Revenue, however, fell slightly short of estimates at $830.3 million. Alcoa...
    Lawmaker: At least 25 domestic terrorism cases opened after Capitol attack Australia Lifts Brisbane Lockdown; Japan Strain: Virus Update These $19k SUVs Will Make You Trade in Your Car Ad Microsoft This is a slam dunk if you want a one-card wallet in 2021 Ad Microsoft New Policy For Cars Used Less Than 49 Miles/Day Ad Microsoft Full screen 1/16 SLIDES © J Dennis / Shutterstock.com 15 U.S. Cities with the Biggest Decline in Air Pollution This story originally appeared on Filterbuy. While the recent wildfires in Western states have introduced new concerns about air quality, the U.S. has made huge strides in the reduction of air pollution in recent decades. As a result of the Clean Air Act and modern pollution control technologies, emissions of common air pollutants have dropped by more than 70% since 1970, according to new...
    Liu Qiang, Vice President of Fosun Technology and Financial Group, Deputy Chairman of Hani Securities, speaks with Arjun Kharpal, Senior Correspondent of CNBC, during Day 1 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 17, 2020 in Nansha, Guangzhou, China.Zhong Zhi | Getty Images Entertainment | Getty Images Ant Group is still capable of clinching the world's largest IPO — even as Chinese regulatory hurdles weigh heavily on the financial technology giant, says one of the country's major investors. Liu Qiang, vice president of Fosun Technology and Financial Group, which owns a small stake in Ant Group, said the fintech giant's underlying technology and access to an ecosystem of underserved customers remains a strong investment proposition. "I still believe they can create the record," Liu, who is also deputy chairman of Hani Securities, told CNBC's Arjun Kharpal on Tuesday. He was speaking as part of CNBC's annual East Tech West conference, which is being held this year both remotely and on the ground in the Nansha district of Guangzhou, China.Increased financial regulationAnt Group's highly-anticipated $34.5 billion dual listing...
    The Latest: Ukraine match against Switzerland canceled Chinese Zodiac Elements: How to Know What Yours Is and What It Means The biggest financial challenges women face in the Covid crisis Managing anxiety and making sense of what can seem like and endless scroll of bleak statistics have become part of daily life in America during the Covid-19 crisis, and personal finance is included in that new paradigm. New data on the financial literacy of women paints a troubling portrait of the gender gap when it comes to money matters, and at a time of widespread financial insecurity. © Provided by CNBC Existing national studies show that women are more likely than men to say they have difficulty making ends meet, dealing with unexpected expenses and saving for retirement. They also are more likely to express a lack of confidence in their ability to achieve financial goals. Now the latest numbers on financial literacy highlight the difficulties women face in acquiring the knowledge to overcome these hurdles. Load Error Women are able answer less than half (49%) of financial...
    Try - Fail - Success.Andrii Zastrozhnov | iStock | Getty Images Who can go through life without making some financial mistakes? In fact, so personal are matters of the pocketbook that it can be hard to definitely label any one money move a mistake. Maybe you wanted to go back to school and took on too much debt doing so. It's a struggle to repay, yet you're not quite sure who you'd be today without that education. More from FA Playbook:Advisors need to listen more to keep clients on boardHere are tips financial advisors offer to new parentsWorkplace benefits may reflect new reality of Covid-19 Perhaps you risked some of your security in retirement to make your dream of owning a house come true, but when you watch your daughter reading in the living room, no other path seems imaginable. Many of our financial decisions leave us with both measurable and immeasurable rewards and consequences. And that messy reality can make it hard to know what "the best" money moves are. To help with that, CNBC recently spoke to financial...
    The NBA and National Basketball Players Association agreed Monday on the start of the 2021-21 season, offseason timeline and a finalized salary cap. Negotiations between the league’s owners and players settled on a shortened 72-game season to start on Dec. 22 last week, and now the two sides have agreed to a financial framework for the 2020-21 season. Despite steep projected revenue declines due to the coronavirus pandemic, the 2020-21 salary cap will resemble last season’s at $109.1 million with the luxury tax line set at $132.6 million. The free-agency negotiating period will begin on Nov. 20 at 6 p.m. ET, two days after the draft. Signings can be made official starting at noon, Nov. 22. Here are some key ways these financial numbers will impact the Warriors next season, and beyond. Luxury tax relief The NBA will provide financial relief to teams paying the luxury tax, according to ESPN.com. Payments for tax-paying teams will decline in proportion to the league’s revenue at the end of the season. If the NBA sees a 30% decline in...
    Josh BrownAdam Jeffery | CNBC Josh Brown's latest book on investment strategy is due out later this month, featuring 25 different financial experts who share their approach to markets. While the investors featured in the book own different assets, Brown said Monday on CNBC that there is a unifying thread connecting them. "Nobody has the same portfolio. They're extremely different across the spectrum, for many different reasons, but the common theme ... is that everyone's portfolio makes sense to them," Brown said on "Fast Money: Halftime Report." The book — "How I Invest My Money: Finance experts reveal how they save, spend, and invest" — is available for preorder now. Its release date is set for Nov. 17. Brown, CEO of Ritholtz Wealth Management, served as the co-editor along with Brian Portnoy, founder of financial wellness platform Shaping Wealth. Among the contributors to the book are Morgan Housel, partner at The Collaborative Fund and former columnist at The Wall Street Journal, and Christine Benz, director of personal finance at Morningstar. "The most interesting aspect of what these financial professionals' portfolios look...
    Zeta weakens to tropical storm over Alabama after making landfall as Category 2 hurricane in Louisiana; at least 1 dead These dangerous foods will probably surprise you Most of the World’s Biggest Public Companies Support Climate Risk Disclosure (Bloomberg) -- A task force set up to improve the reporting of financial risks caused by climate change has seen support for its recommendations soar in the past year as demand grew from investors for more information on how a warming planet will affect business. But disclosures by companies on the financial impact remain low, according to a new report from the Task Force on Climate-related Financial Disclosures. © Photographer: BRITTANY HOSEA-SMALL The San Francisco skyline during wildfires in September. The group has urged businesses to measure and disclose how different climate outcomes might weigh on their performance. TCFD’s annual report, published on Thursday, found that over the past year support for its transparency practices jumped by 85%. More than 1,500 organizations, with a combined market capitalization of $12.6 trillion, have embraced TCFD’s recommendations. That includes nearly 60% of the world’s 100 largest public companies. Load Error ...
    VIDEO0:5000:50Wall Street set to open in the green as investors monitor stimulus talksMorning Report Take a look at some of the biggest movers in the premarket: IBM (IBM) – IBM said it would spin off the managed infrastructure services unit of its global technology services division into a separate public company, to allow it to focus on its hybrid cloud growth strategy. The spin-off will be accomplished through a tax-free distribution to IBM shareholders. Eaton Vance (EV) – The investment firm agreed to be acquired by Morgan Stanley (MS) for $56.50 per share in cash and stock, for a total value of about $7 billion. The news comes just a few days after Morgan Stanley completed its acquisition of E*Trade Financial. Domino's Pizza (DPZ) – Domino's earned $2.49 per share for its latest quarter, shy of the $2.79 per share consensus estimate. Revenue beat forecasts, however, and a U.S. comparable-store sales rose 17.5% compared with the 13.9% estimate of analysts polled by FactSet. Coty (COTY) – The cosmetics company announced the expansion of its "Kylie Skin" line of beauty products,...
    National Motorsports Appeals Panel upholds penalty to Mike Wallace 8 Famous Monuments That Are Hiding Little-Known Secrets Stocks making the biggest moves after hours: Tesla, Dollar Tree, Jefferies Financial Group & more Check out the companies making headlines after the bell:  © Provided by CNBC A Tesla Inc. vehicle charges at a charging station in San Mateo, California, U.S., on Tuesday, Sept. 22, 2020. Jefferies Financial Group — Shares of the financial services firm jumped more than 14% following the company's third quarter earnings results. Jefferies earned $1.07 per diluted share, up from 15 cents in the same quarter a year ago. Revenue came in at $1.62 billion, and the company also increased its stock buyback program to $250 million. Load Error Dollar Tree — The bargain retailer gained more than 1% after the company said it will resume its share repurchase program. Dollar Tree currently has $800 million remaining under the Board's previously authorized program, which was suspended in March 2020 in repose to uncertainties around Covid-19.  New Residential Investment — Shares of the REIT advanced 5%...
    Some of the world's biggest banks let criminals and fraudsters move dirty money around the world, according to leaked financial dossiers.  More than 2,000 sensitive banking papers detailing more than two trillion US dollars' worth of transactions were analysed after being leaked to BuzzFeed News and shared with the International Consortium of Investigative Journalists, which distributed them to 108 news organisations, BBC Panorama said. They allegedly show banking officials allowed fraudsters to shuttle money between different accounts after being made aware the profits were from multimillion-pound scams or crimes. The files are also reported to show how Russian oligarchs use banks to avoid sanctions and get their money into the West.  More than 2,000 sensitive banking papers detailing more than two trillion US dollars' worth of transactions were analysed after being leaked to BuzzFeed News and shared with the International Consortium of Investigative Journalists, which distributed them to 108 news organisations, BBC Panorama said (stock image) The cache of files, known as FinCEN (from the US Financial Crimes Investigation Network), are mostly files banks sent to the US authorities...
    Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York City BY JONNELLE MARTE Households with children are under severe economic strain and at greater risk of needing to dip into savings, missing a rent payment or not having enough food to eat during the coronavirus pandemic, according to a report published by the New York Federal Reserve on Thursday. Single parents households in particular, are losing jobs, income and health insurance at higher rates than other households with children. For example, 23.2% of single-parent households said the head of the household faced a permanent or temporary layoff in May or June, compared to 12.9% of households with children and 9.2% of households without children. Households with single parents were also more likely to depend on help from friends, family and food banks. Some 34.1% of single-parent households said they were receiving food stamps, compared to 13.1% of households with children overall, the study found. Many single parents said they were falling short, even with the assistance. Some 11.5% said they...
    VIDEO13:5413:54The fight over $600 boosted unemployment benefits explained: CNBC After HoursCNBC After Hours Check out the companies making headlines after the bell:  Starbucks — Shares of the coffee giant jumped 5% in extended trading after the company posted its third-quarter financial results. The company reported a third-quarter loss of 46 cents per share excluding some items on revenues of $4.22 billion. Analysts surveyed by Refinitiv expected as a loss of 59 cents per share on revenues of $4.07 billion. Starbucks said same-store sales plummeted 40% amid the coronavirus crisis. FireEye — Shares of the cybersecurity company jumped 12% in extended trading after FireEye released its second-quarter financial results. FireEye posted earnings of 9 cents per share excluding some items and a record high quarterly revenue of $229.9 million. Refinitiv analysts had expected a loss of 2 cents per share and $214.8 million in revenue. Amgen — The biotechnology company's stock fell about 2% in extended trading after Amgen released its second-quarter earnings. Amgen reported earnings of $4.25 per share excluding some items on revenues of $6.21 billion, compared to Refinitiv analysts' earnings estimates of $3.82 per...
    A construction worker walks past new homes under construction by developer KB Home in Valencia, California.Jonathan Alcorn | Bloomberg | Getty Images Check out the companies making headlines after the bell. KB Home — The home construction company's stock dipped 13% in extended trading after KB Home released its second-quarter earnings. The company reported earnings of 55 cents per share with revenue of $914 million, while analysts polled by Refinitiv anticipated earnings of 49 cents per share and revenue of $1.06 billion. KB Home said the coronavirus pandemic elevated the company's order cancellation rate, and as a result, gross orders and net orders in the second quarter decreased 36% and 57%, respectively. American Airlines — The airline's stock fell 1% after the closing bell. Earlier on Wednesday, airline shares plunged after state officials in New York, New Jersey and Connecticut said they were requiring a two-week quarantine for travelers coming from coronavirus hot spots that include Alabama, Arkansas, Arizona, Florida, North Carolina, South Carolina, Washington, Utah and Texas. United Airlines also saw its shares drop about 1% in extended trading.  Ally...
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