A charter flight from Wuhan, China, carrying approximately 200 U.S. citizens, taxis to a stop at March Air Reserve Base in Riverside, Calif. Wednesday morning Jan. 29, 2020. Will Lester | Inland Valley Daily Bulletin via Getty Images U.S. health officials have quarantined 195 Americans evacuated from Wuhan, China, taking the rare step of issuing …
Exxon earned $5.69 billion in the fourth quarter, down from $6 billion in the same period as weakness in the company’s chemicals and downstream divisions, as well as consistently lower oil prices pressured profits. The company’s quarter was boosted by one-time events, including a $3.7 billion gain from Exxon’s Norway divestment. Excluding these items, profit …
Exxon Mobil’s fourth-quarter earnings fall short of expectations Read More »
Traders work on the floor at the New York Stock Exchange, January 14, 2020. Brendan McDermid | Reuters Federal Reserve officials this week affirmed their commitment to staying put on interest rates for the time being, but markets have other ideas. The fed funds futures market, where traders go to bet on the central bank’s …
Markets are putting pressure on the Federal Reserve for at least one rate cut Read More »
Four technology giants now sit on top of the list of most valuable U.S. companies, each worth more than $1 trillion — and there’s a familiar theme to each of their stories. Apple, Amazon, Microsoft and Google-parent Alphabet have all looked to services and cloud businesses for growth in the past couple of years. In …
If your weekend plans include dropping a bet on the Super Bowl, don’t forget that Uncle Sam wants a piece of anything you win. Americans are expected to wager about $6.8 billion on Sunday night’s matchup between the Kansas City Chiefs and San Francisco 49ers in Miami. And no matter where you place your bet …
Small business owner Stephanie Vitori has gone from burger delivery girl to owning one of South Beaches most buzzed about burger joints. Vitori is the owner of Cheeseburger Baby, a frequent hot spot for celebrity clients that include Beyonce, Kanye West, Diddy and Gabrielle Union. “We have a large celebrity clientele. Once the word got …
Passengers wear face masks to protect against the spread of the Coronavirus as they arrive on a flight from Asia at Los Angeles International Airport, California, on January 29, 2020. Mark Ralston | AFP | Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. 7:30 …
Chevron posted a $6.6 billion loss in the fourth quarter due to $10.4 billion worth of write-offs related to the company’s shale gas production sites in Appalachia and deep-water projects in the Gulf of Mexico. In December, the company warned that this charge would be between $10 billion and $11 billion. Shares slid more than …
Chevron posts $6.6 billion loss in the fourth quarter Read More »
Construction machinery of the US producer Caterpillar can be seen at the BLG Logistics Group Car Terminal, ready for shipping in Bremerhaven, Germany, 12 June 2017. Photo: Ingo Wagner/dpa (Photo by Ingo Wagner/picture alliance via Getty Images) Ingo Wagner | picture alliance | Getty Images Check out the companies making headlines before the bell: Caterpillar …
Stocks making the biggest moves premarket: Caterpillar, Exxon, IBM, Amazon & more Read More »
As the Kansas City Chiefs play the San Francisco 49ers in Miami’s Hard Rock Stadium on Sunday, the price tag for a 30-second TV commercial during Super Bowl LIV on Fox is a reported $5.6 million. That’s up from $5.2 million last year. For just under that amount, you can own a castle located in …
David Solomon, Goldman Sachs Adam Galica | CNBC Coming soon to your smartphone: a Goldman Sachs digital checking account. The bank is working to release a digital wealth management tool this year and a checking account in 2021, Goldman executive Eric Lane said Wednesday at the New York-based bank’s first investor day. “We aspire to …
Goldman Sachs to offer consumers checking accounts next year through Marcus Read More »
Dean Mitchell | E+ | Getty Images If you wait until you’re 70 to think about long-term care, you’re already late. With the national annual median cost of a private room in a nursing facility at $102,200, according to insurer Genworth’s 2019 Cost of Care Survey, lacking a thought-out plan can be a costly error. …
Four steps you can take to safeguard your retirement savings from this risk Read More »
Mondelez CEO Dirk Van de Put said on Thursday that he expects first-quarter revenue to be affected by the spread of the coronavirus, which has killed at least 171 people in China and infected more than 8,200 since emerging less than a month ago. The company has already closed two factories near the epicenter of …
Oreo maker Mondelez says coronavirus could hurt sales in first quarter Read More »
A person smokes a Juul Labs Inc. e-cigarette in this arranged photograph taken in the Brooklyn Borough of New York, U.S., on Thursday, Dec. 20, 2018. Altria Group’s plan to take a $12.8 billion stake in Juul Labs could be destroying value, Citigroup analysts write in a note downgrading the stock to a sell from …
Jeff Bezos, founder of Amazon Katherine Taylor | Reuters Check out the companies making headlines after the bell: Amazon – The e-commerce giant’s stock surged more than 10% in extended trading after the company reported better-than-expected results for the fourth quarter. Amazon reported earnings of $6.47 per share on revenue of $87.44 billion, while analysts …
Stocks making the biggest moves after hours: Amazon, Visa, Navistar and more Read More »
What do the Mona Lisa, the Great Wall of China and Trolltunga have in common? It sounds like a bad travel joke, but the answer is — they are popular bucket list destinations for travelers around the world. The pop culture vernacular for “a checklist of things to do before one dies” has become a …
Why your bucket list is hurting your travel experience Read More »
Tesla CEO Elon Musk and Shanghai’s Mayor Ying Yong attend the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. Aly Song | Reuters Investors betting against Elon Musk’s electric-auto maker Tesla collectively lost more than $1 billion-plus on Thursday as the company’s stock rocketed higher after its better-than-expected earnings report. Tesla popped …
Christopher Futcher | Getty Images Nearly 100 million people will watch the San Francisco 49ers face off against the Kansas City Chiefs in the Super Bowl. What they watch it on is nearly as important as who wins. However, there are only a few days left to score a deal on a new TV to …
How to score the best deal on a new TV before the Super Bowl Read More »
The GMC Hummer EV will be revealed on May 20 and built at General Motors’ Detroit-Hamtramck plant in Michigan. GM DETROIT – General Motors is resurrecting the Hummer, best known as a gas-guzzling, military-style SUV, as an all-electric “super truck” with massive horsepower, acceleration and torque. The Detroit automaker confirmed the plans Thursday and released …
GM resurrecting Hummer as an all-electric ‘super truck’ with 1,000 horsepower Read More »
Jeff Bezos Matthew Staver | Bloomberg | Getty Images Amazon is set to report fourth-quarter earnings after Thursday’s closing bell. Here are the key numbers: Earnings per share: $4.03 per share, according to analysts surveyed by Refinitiv Revenue: $86.02 billion, per Refinitiv Amazon Web Services: $9.81 billion, according to FactSet Amazon is expected to see …
