NAIROBIDAILYNEWS.COM: Latest News

Latest News: Earnings, Wealth

21:04 2019-06-16

Here's where Americans are vacationing this summer -- and what they're spending Just about half of Americans are hitting the road in the next three months. Where are we headed and how will we get there? For the most part, it's somewhere we can drive to....
16:00 2019-06-16

Five reasons why your high-tax state won't let you move away Thinking of relocating to Nevada for its income tax-free environment? Chances are your home state's auditors won't let you go quietly. Here are five things that will keep you from making a clean break....
17:39 2019-06-14

Here's how much Americans are spending on their kids' allowance A new survey shows that 40% of Americans are paying their kids an allowance. Here's how much they are paying and other ways you can teach your children about money....
16:39 2019-06-14

Lessons from Dad: The best money advice CNBC anchors received from their fathers Parents have a big influence on their kids, including when it comes to money. With Father's Day just around the corner, we asked our CNBC anchors and reporters for the best money advice they received from their dads....
15:39 2019-06-14

Elizabeth Warren will introduce legislation to cancel student loan debt for most borrowers Elizabeth Warren isn't waiting for the election to push forward her sweeping plan to erase the majority of the country's outstanding student debt....
22:52 2019-06-13

Let's stop the argument that financial education doesn't work Research continues to validate financial education, leading to better decision-making, heightened confidence and increased self-efficacy. If you impugn our field, you have no understanding of what it takes to create impactful learning....
16:00 2019-06-13

Companies are trying something new with their 401(k) plans. It might get you to save more A growing number of companies automatically take money from their employees paychecks and deposit it into a retirement account — even after a worker has opted out....
22:13 2019-06-12

Options are few for storm-ravaged homes with insufficient insurance While government programs can offer assistance following a hurricane or other major weather event, it's not guaranteed and it's not all free....
22:13 2019-06-12

How the average American millionaire is managing their money in this market CNBC's latest Millionaire Survey finds that America's wealthy remain confident in stocks and the economy even as trade wars persist and President Trump and the Federal Reserve spar over interest rates....
19:52 2019-06-12

Feds block SALT workarounds that high-tax states favored The feds blocked a move by blue states to craft a workaround to the Tax Cuts and Jobs Act limiting state and local tax deductions, saying receipt of a SALT credit in return for making such a contribution would constitute a quid pro quo....
19:52 2019-06-12

Congress moves to make it easier for older workers to prove age discrimination The bill would make proving age discrimination easier, by allowing workers to prove their age was a factor in an employer's decision to discipline, fire or not hire them and not the sole reason....
23:39 2019-06-11

Turns out it's not baby boomers who have taken the most from Social Security New research from the Center for Retirement Research at Boston College finds that it was the earliest beneficiaries who received more money than they paid in to Social Security....
23:00 2019-06-10

Rolling Stones concert goers to get schooled on lifetime income The band is back following Mick Jagger's heart surgery. The concert sponsor hopes attendees will ask how long their money will last in retirement....
21:52 2019-06-09

An IPO could make these workers wealthy – or leave them holding nothing Not all start-ups grow up to be Facebook. For the lucky few that do, their employees might have access to a small fortune: stock options. Here's what you should know....
17:26 2019-06-08

Savings Accounts for Disabled Americans Catch On, but Slowly Advocates say the state-based accounts, which let disabled people work and save money without risking the loss of government aid, could help millions of people....
13:13 2019-06-07

S.E.C. Tells Brokers to Work for You, but Don’t Skip the Fine Print Consumer advocates say rule changes have weakened the standards governing one class of financial professionals while giving an unwarranted veneer of trustworthiness to another....
07:13 2019-06-07

This tax savings strategy for massive IRAs could be on the way out A new retirement bill could make it difficult for owners of large IRAs to pass on their accounts to nonspouse heirs. Here's what you should know....
02:52 2019-06-07

This company is helping pay down its employees' student debt. 'They are creating value for us' Chegg has a new program that will give its employees up to $5,000 a year to help pay off student debt. "If they borrowed money and they are creating value for us, we want to help them," says CEO Dan Rosensweig....
02:52 2019-06-07

Advisors down on crypto but give cannabis stocks and passive investing a thumbs up: survey The advisor survey from the Financial Planning Association reveals advisors are upbeat about the economy, still like passive investing and are interested in cannabis-related holdings but remain skeptical about cryptocurrencies....
16:13 2019-06-06

Campbell raises profit forecast on snack boost, shares up 10% Campbell Soup raised its profit forecast for the year on Wednesday after its quarterly earnings beat estimates on stronger sales of its growing range of snacks, sending its shares up nearly 10%....
20:39 2019-06-05

Morgan Stanley lets clients use donor-advised funds focused on drug discovery Morgan Stanley is teaming up with the Harrington Discovery Institute to let clients make targeted donations to help fuel the creation of new treatments for diseases....
02:52 2019-06-05

Investing opportunities are expanding for the LGBTQ community In a reflection of the progress LGBTQ Americans have made, the range of investment products tailored to their concerns has also been growing in scope and size. However, there can be no one-size-fits-all option for this diverse demographic....
16:00 2019-06-04

James Holzhauer of 'Jeopardy' fame likely owes $1.2 million in taxes "Jeopardy" champion and professional sports bettor James Holzhauer lost in his 33rd episode of the TV game show, which aired on Monday, finishing $58,484 short of the all-time winnings record....
22:13 2019-06-03

This is the age when it becomes embarrassing to live with your parents There's now less stigma around living with your parents into your 20s. A new survey from TD Ameritrade finds that age 28 is when it starts to become embarrassing....
22:13 2019-06-03

Tucked away in this retirement bill is a provision to ease college students' tax burdens Tucked away in the retirement bill is a provision that would lighten the tax load on Gold Star families and recipients of taxable scholarships. Here's what you should know....
19:39 2019-05-31

Are you covered for a flood? It's time to check any risk for summer storm damage The next six months are when the risk is greatest for major storms to develop and reach the U.S. Homeowners should evaluate their insurance coverage to make sure it's adequate....
19:39 2019-05-31

Home Buyers See Signs of Relief This Spring Price increases are slowing. There are more properties for sale. And mortgage rates are low. Still, much depends on what kind of house you want, and where....
18:39 2019-05-31

Costco is looking at alternative sourcing and price hikes as tariffs loom Costco reported profit and revenue that beat Street estimates and said it would tackle the proposed round of tariffs on Chinese imports by sourcing goods from other countries and possible price increases....
16:13 2019-05-31

Serial entrepreneur Gary Vaynerchuk reveals the investment secret that made him millions Gary Vaynerchuk, an early investor in Tumblr, Twitter and Snap, says he has made millions investing instinctively by zeroing in on brands he truly likes and understands. It's also important to be patient and have a long-term view, he says....
20:13 2019-05-30

Retirees are fleeing these 3 states in droves Many New Jersey residents have had it with taxes and snow. A third of people who left in 2018 cited retirement as a big reason, according to a survey....
17:26 2019-05-30

Dollar Tree cuts profit forecast as costs rise Dollar Tree cut its full-year profit forecast on Thursday, citing costs related to store closures and freight, sending its shares down 4% in trading before the bell....
15:26 2019-05-30

Dollar General beats quarterly same-store sales estimates Dollar General beat analysts' estimates for quarterly same-store sales, as customers spent more on groceries, seasonal products and home goods at the discount retailer's stores....
14:00 2019-05-30

Have your first $1,000 to invest? Don't even think about the stock market Looking for a hot stock tip to get started on growing your wealth? Have your first $1,000 to invest in the market but not sure where to put it? Here's the only answer that makes sense....
19:39 2019-05-29

This is the Number 1 benefit new college grads seek at work — and it's not debt repayment Retirement plan matches and even student loan assistance all take a backseat to the granddaddy of workplace benefits: health insurance. Those are the findings from a survey by the American Institute of CPAs....
18:13 2019-05-29

Here's how advisors help clients stay on top of health-care costs in retirement From reviewing medications for cheaper alternatives to trying to pinpoint a client's spending instead of ballparking it, some advisors look closely at how clients spend their medical dollars....
15:52 2019-05-29

Four ways to get the most out of your 529 college savings plan By now, everyone's familiar with the $1.4 trillion student debt crisis. However, many parents aren't familiar with a tool that can curb borrowing, according to a study. What you should know about 529 college savings plans....
15:52 2019-05-29

DowDuPont to take $800 million to $1.3 billion charge in the second quarter DowDuPont said it expects to book an pretax charge of $800 million to $1.3 billion for the April-June quarter, resulting from changes in valuation of assets in the wake of a drop in ethanol prices and weak demand for its biomaterial products....
14:00 2019-05-29

Dick's Sporting Goods shares soar on earnings beat, retailer hikes outlook Shares of Dick's Sporting Goods jump after the sporting-goods retailer reports quarterly earnings that top analysts' estimates, and raises its full-year outlook....
14:00 2019-05-29

This is four-time NBA champ John Salley's No. 1 money rule "Go for success, figure out how to do something that will make you happy while doing it, and the caveat is money comes along with it," says NBA star-turned-entrepreneur John Salley....
17:52 2019-05-28

Botched your tax withholding in 2018? It's about to get more complicated The days of hazarding a guess at your tax withholding are over. The IRS will soon release a draft of its new Form W-4 for 2020. Employees may need to scour their tax return to accurately fill it out....
16:39 2019-05-25

It’s Almost ‘529 Day,’ and States Say Don’t Forget This College Savings Gift The number of 529 accounts has grown in the past few years. But most people still haven’t heard of the plans or know about their tax benefits, research shows....
18:52 2019-05-24

'American Ninja Warrior' host Akbar Gbajabiamila's top strategy for overcoming fear Is fear getting in your way when it comes to saving and investing? Akbar Gbajabiamila, co-host of NBC's "American Ninja Warrior," has some advice on how to overcome it....
15:52 2019-05-24

Americas private banking debate: Internationalization is the future Wealthy clients increasingly need international products and services. The opportunities are clear for those who can stomach the regulatory hurdles of cross-border business and who can leverage their retail or investment banking connections. Technology investments are crucial, but the competitive la...
14:13 2019-05-24

Millions of Americans are only $400 away from financial hardship. Here's why A majority of American adults say they are living comfortably, according to an annual Federal Reserve study on financial well-being of households. But nearly a third still lack savings to handle a $400 emergency expense....
19:39 2019-05-23

Ignoring this client asset may become an advisor's nightmare With the right planning, a cash value life insurance policy can help supplement income in retirement. But if you ignore it, loss of coverage and a raft of income taxes could be around the corner for your client....
19:39 2019-05-23

Many Adults Would Struggle to Find $400, the Fed Finds Household finances are improving in a strong job market, but just six in 10 adults still could cover a surprise expense without selling something or borrowing money....
18:53 2019-05-23

Bipartisan retirement bill clears House, moves closer to becoming law The Secure Act will head to the Senate, where a similar bill awaits committee action. Differences in the two bills would need to be worked out before legislation could be finalized and sent to President Trump for his signature....
18:53 2019-05-23

Medtronic posts Q4 profit beat on surgical instruments business strength Medtronic reported a nearly 20% drop in quarterly profit on Thursday, hurt by lower sales in its cardiac and vascular business that makes heart valves and stents....
16:13 2019-05-23

For military families living on the financial edge, money matters are complicated Personal finance can be tricky for military families dealing with frequent moves and lower income, not mention the stress of deployment to often dangerous areas. Here's what help's out there to aid troops in managing their money....
15:39 2019-05-23

Before Deciding on a College, Look Closely at the Financial Aid Letter Schools are not required to use the same terminology in their offers. And an “award” could mean a grant — or a loan. “Celebrate,” one expert says. “Then, decide.”...
22:13 2019-05-22

‘Medicare for All’ Is Hammering Health Care Stocks. For Now. The popularity of proposals for a government-run, single-payer system among Democratic presidential candidates has hurt health care stocks, despite their strong earnings....
22:13 2019-05-22

4 Tax Strategies That Could Make a Divorce Settlement Easier Divorce negotiations are never easy, and they became more complicated this year, thanks to the tax overhaul. Here are four tips for taxpayers to consider....
22:13 2019-05-22

Notre-Dame Donation Backlash Raises Debate: What’s Worthy of Philanthropy? Philanthropic experts said they were not shocked by what seemed like an ungrateful response to the money raised to restore the cathedral, but few agreed on a solution....
22:13 2019-05-22

Investing for Social Impact Is Complicated. Here Are 4 Ways to Simplify It. Many organizations measure the effect of investments meant to spur positive change, but the metrics they use, and their results, vary. Several are trying to make it easier....
22:13 2019-05-22

A Quirk of the Calendar Is Messing With Stocks Erasing the 2007-2009 bear market from 10-year stock returns has made ‘long-term’ performance look stellar, even though recent returns are unexceptional....
22:13 2019-05-22

Trash, the Library and a Worn, Brown Table: The 2019 College Essays on Money Each year, we ask high school seniors to submit college application essays they’ve written about work, money, social class and related topics. Here are five that moved us....
22:13 2019-05-22

How Loopholes Help Trump and Other Real Estate Moguls Avoid Taxes The ability to deduct business losses against income tax is common. But there are myriad other benefits, all legal, created specifically for commercial real estate....
22:13 2019-05-22

Beware of Credit ‘Repair’ Companies, Consumer Watchdogs Say Anything these companies can do, people can do for themselves at no cost. Federal regulators recently filed suit against two of the biggest companies....
22:13 2019-05-22

VF Corp's 2020 forecast disappoints as demand for Vans sneakers slows Apparel maker VF Corp exceeded Wall Street's quarterly sales expectations, boosted by higher demand for its Vans sneakers and outdoor wear brand North Face....
17:52 2019-05-22

Lowe's tumbles as earnings fall short and forecast cut as higher costs weigh on results Lowe's shares plummeted 8% before the bell Wednesday after the company posted mixed fiscal first-quarter results and cut its forecast for the year, as higher costs weighed on results....
13:13 2019-05-22

Your Money Adviser: Before Deciding on a College, Look Closely at the Financial Aid Letter Schools are not required to use the same terminology in their offers. And an “award” could mean a grant — or a loan. “Celebrate,” one expert says. “Then, decide.”...
20:39 2019-05-21

Strategies: ‘Medicare for All’ Is Hammering Health Care Stocks. For Now. The popularity of proposals for a government-run, single-payer system among Democratic presidential candidates has hurt health care stocks, despite their strong earnings....
20:39 2019-05-21

Wealth Matters: 4 Tax Strategies That Could Make a Divorce Settlement Easier Divorce negotiations are never easy, and they became more complicated this year, thanks to the tax overhaul. Here are four tips for taxpayers to consider....
20:39 2019-05-21

Wealth Matters: Notre-Dame Donation Backlash Raises Debate: What’s Worthy of Philanthropy? Philanthropic experts said they were not shocked by what seemed like an ungrateful response to the money raised to restore the cathedral, but few agreed on a solution....
20:39 2019-05-21

Wealth Matters: Investing for Social Impact Is Complicated. Here Are 4 Ways to Simplify It. Many organizations measure the effect of investments meant to spur positive change, but the metrics they use, and their results, vary. Several are trying to make it easier....
20:39 2019-05-21

Strategies: A Quirk of the Calendar Is Messing With Stocks Erasing the 2007-2009 bear market from 10-year stock returns has made ‘long-term’ performance look stellar, even though recent returns are unexceptional....
20:39 2019-05-21

Wealth Matters: How Loopholes Help Trump and Other Real Estate Moguls Avoid Taxes The ability to deduct business losses against income tax is common. But there are myriad other benefits, all legal, created specifically for commercial real estate....
20:39 2019-05-21

Your Money Adviser: Beware of Credit ‘Repair’ Companies, Consumer Watchdogs Say Anything these companies can do, people can do for themselves at no cost. Federal regulators recently filed suit against two of the biggest companies....
20:39 2019-05-21

Your Money Adviser: Interest Rates on New Federal Student Loans Will Dip Slightly The rates, which will take effect on July 1, won’t make a big difference in monthly payments. But given the cost of college, one expert says, “this is a bit of good news.”...
20:39 2019-05-21

Own a home? How you can get some tax-free income this summer Travel season is about to heat up. Here's what you should know if you want to rent out your dwelling to vacationers and reap a windfall on the side....
15:52 2019-05-21

3 steps to determine whether you've earned the right to invest You'll have to tidy up your finances before you can start investing, says Douglas A. Boneparth, president of Bone Fide Wealth in New York. Where to begin....
15:52 2019-05-21

Consumer watchdog sues law firm that filed 99,000 debt-collection suits The Consumer Financial Protection Bureau's complaint against a New York debt-collection law firm alleges that its attorneys signed off on tens of thousands of lawsuits against consumers without vetting the facts....
15:52 2019-05-21

Want to invest like Warren Buffett? Here are the ins and outs of buying preferred stock Warren Buffett's latest deal involves the preferred stock of Occidental Petroleum. Here's what that means and when it could be a good option for you....
15:52 2019-05-21

Billionaire to graduating college students: My family is going to eliminate your student loans Robert Smith announced that he and his family would set up a grant to pay off the nearly 400 graduating seniors' student loans. The total gift is estimated at $40 million....
15:52 2019-05-21

Black households try to close wealth gap by chasing higher returns Black investors are trying to close the wealth gap and feather their retirement nests should avoid taking on too much risk to speed their savings rate. Professional advice can help....
15:52 2019-05-21

Here's what to do if the US-China trade war ignites layoffs The trade war with China and rising pressure on manufacturers and retailers are bringing a new worry: layoffs. Here's how to manage if you lose your job....
15:52 2019-05-21

Global private banking debate: Trust, scale and security key factors in a digital world Meeting the needs of high net-worth families is more challenging and fascinating than ever. Private banks are investing in new forms of digital communication, catering to clients’ philanthropic demands, boosting fee transparency and finding ways to attract and retain the best young talent....
15:39 2019-05-21

Societe Generale Private Banking (SGPB): Embracing phygitalization Over the last five decades, Societe Generale has been synonymous with innovation, says Jean-François Mazaud, Head of the group’s private banking unit (SGPB)....
15:39 2019-05-21

Asia private banking debate: Great opportunities in Asia Asia offers a unique client set of young entrepreneurs; it also offers the challenge of new generations inheriting wealth with different expectations from their predecessors. That is a great opportunity, but it requires private banks to be nimble, thoughtful and technologically adept....
15:39 2019-05-21

Societe Generale Wealth & Asset Management activities: Setting new standards in SRI and ESG "Our primary mission is to protect our clients’ wealth. How they can as well invest in a positive and sustainable way is more and more at the centre of our dialogue with them.”...
15:39 2019-05-21

India’s wealth managers find profit in the provinces The face of wealth management in India is changing, as vast fortunes are made by young digital disruptors and as private banks venture out of the main commercial hubs in search of untapped profit and potential in second-tier cities....
15:39 2019-05-21

50 Years of Private Banking - A Special Report Euromoney Magazine has charted the birth, growth and maturity of the global private banking industry over 50 years. This special report is the distilled essence of five decades of innovation and change. We look at how private banking has evolved, and what the future holds for an industry that has ne...
15:39 2019-05-21

Private banking across the decades Euromoney’s coverage of private banking since our launch in 1969 reflects the changes in the industry itself. The first 30 years were dominated by Swiss banks – and trying to get into their inner sanctums. The last two decades have seen the evolution of wealth management into a truly global business...
15:39 2019-05-21

Private banking: Who stays in Asia, wins in Asia For many private banks that set up in Asia in the last decade, the cost of doing business kept them locked out of the vast expansion of wealth in the region; those that didn’t leave are settling into a more mature industry, but they are a long way from being able to relax....
15:39 2019-05-21

Private banking architects: Jürg Zeltner – the pioneer of the CIO Jürg Zeltner, former chief executive of UBS Wealth Management, explains how the chief investment office was born out of chaos. Its introduction shifted not just UBS but the whole private banking industry to a model of professionalism....
15:39 2019-05-21

From private bank client to farmer: a Chinese model of social lending Financial services group CreditEase runs an app through which its private banking clients can be connected to needy women farmers in China’s rural interior. It’s a remarkable initiative taken up by 200,000 farmers and shows what can be done with low-level credit. But how does the risk management wor...
15:39 2019-05-21

Private banking architects: Mark Branson – the man who cleaned up private banking Mark Branson, chief executive officer of Swiss financial regulator Finma, talks to Euromoney about how tax transparency has changed the trajectory of private banking and how far regulation can go in curtailing misconduct....
15:39 2019-05-21

Private banking architects: Mary Callahan Erdoes – broadening clients’ investment horizons Mary Callahan Erdoes of JPMorgan speaks to Euromoney about being the port in the storm during the financial crisis and opening up the private wealth market to the whole investment industry....
15:39 2019-05-21

Private banking architects: Tan Su Shan – leading the charge for Asia’s wealthy Tan Su Shan has led DBS’s efforts to become the leading home-grown bank for wealth management in Asia, during a decade in which the number of billionaires in the region has soared....
15:39 2019-05-21

Private Banking and Wealth Management Survey 2019: Results Index More than 2,000 private bankers took part in the 2019 Euromoney private banking survey. See who’s up and who’s down globally, regionally and by country....
15:39 2019-05-21

Women in private banking: Why we need a new normal Wealth management was built by men for men, but now that women will become the largest beneficiaries of the $30 trillion intergenerational wealth transfer, the industry needs to overhaul itself. If it doesn’t, it will be letting down more than just its female clients....
15:39 2019-05-21

Private banking: Wealthtech 2.0 – when human meets robot If there was ever a risk of client advisers being replaced by robots, that danger has now passed. Today both robo-advisers and large wealth managers see the importance of having humans and technology work together....
15:39 2019-05-21

Wealth management: The Next Generation The last 20 years of private banking have been all about building scale, international growth and professionalization; the top wealth managers are still getting bigger and are confident they have the right model – but as they struggle to maintain quality of service under pressure on revenues, new sp...
15:39 2019-05-21

Private Banking Awards Dinner 2019 Euromoney’s Private Banking Awards are the most prestigious in the growing area of wealth management. They cover over 60 countries each year, as well as global and regional awards....
15:39 2019-05-21

Private banking: Wealth becomes exciting again in Brazil After so long, private bank clients and even retail investors are no longer happy with the returns from government bonds; instead, they are searching for yield and pushing up the value of risk assets....
15:39 2019-05-21

Why private capital will dominate markets for the decades to come Big pools of private capital, led by sovereign wealth funds, private equity sponsors and family offices, now dominate capital formation in the key growth industry sectors of technology and biotech and the expanding markets of Asia. New tech will let networks of private investors connect and exchange...
15:39 2019-05-21

CITIC Bank Private Bank: Success = Technology + Human Touch CITIC Private Bank is leading Chinese private wealth managers in the adaptation of technology, but it is not forgetting the most important element of customer service and the notion that each App Must Have the Warmth of the Human Touch!...
15:39 2019-05-21

Wealth management: Bank of Morgan Stanley Ten years on from the crisis, Morgan Stanley was already a different animal, with a shift to half its revenues generated from wealth management – what will it look like in another 10 years? Maybe more like Bank of America or JPMorgan…...
15:39 2019-05-21

Societe Generale Private Banking: Building a pan-European footprint Societe Generale has had a presence in Luxembourg since 1893, making it the oldest foreign bank in the Grand Duchy. As well as being one of the market leaders, Societe Generale is now the fifth largest employer in Luxembourg’s thriving and business-oriented financial services industry....
15:39 2019-05-21

Baby T-Rex fossil listed for sale on eBay for $3 million The eBay listing, last updated on Tuesday, claims the artifact is "most likely the only baby T-rex in the world," adding that the specimen has a 15-foot-long body, 21-inch skull and serrated teeth....
15:26 2019-05-21

America's wealthy investors say Fed-induced stock rally has plenty of life left — maybe years Millionaire investors began 2019 worried about the market, but as the Fed's about-face on interest rates takes hold as the new normal in monetary policy and stocks surge, an E-Trade survey finds that the wealthy expect the rally to continue....
15:26 2019-05-21

Talking money with Suzy Welch: 'You don't have to be an expert to get into the market' Investing is a great way to grow your money, but the fear of not knowing enough about the market and losing money tends to scare people off. But life management expert Suzy Welch says you don't need to be an expert to win big....
15:26 2019-05-21

Melinda Gates: Capitalism needs work, but it beats socialism and the US is 'lucky' to have it Melinda Gates, in an interview with CNBC's Becky Quick, says people living in developing countries "want to live in these types of capitalistic societies."...
15:26 2019-05-21

FBI and US attorney question JetSmarter customers Customers of JetSmarter say they have been questioned about the private jet company's business practices and communications. The scope and nature of the inquiries are unclear....
15:26 2019-05-21

It's not just Warren Buffett who's bullish on post-Brexit Britain A majority of wealthy U.K.-based investors see an economic upside for the U.K. despite uncertainty surrounding its withdrawal from the EU, according to a new quarterly survey by UBS....
15:26 2019-05-21

Big win for Robert Kraft: Judge bars massage parlor video from use at prostitution solicitation trial The videos are the key — and potentially only — pieces of evidence that prosecutors have against Kraft to sustain their charges of soliciting prostitution....
15:26 2019-05-21

Living with your parents to save money might dim your chances of becoming a homeowner Young adults who lived with their parents between the ages of 25 and 34 were actually less likely to become homeowners after 10 years than those who didn't....
15:26 2019-05-21

The government, the biggest cause of the student loan crisis in the US, needs to fix this problem Governments need to find the resources to help families make smarter financial decisions about college during children's high school years. That way, young people will enjoy a great education with less debt and better financial outcomes....
15:26 2019-05-21

The wealthiest investors are ramping up on this asset Even if you're a millionaire, cash is king. Investors in TIGER 21, a group of individuals with at least $10 million to invest, stepped up their allocation toward cash during the first three months of 2019....
15:26 2019-05-21

Millennials need to get off the sidelines and start investing now Despite the many benefits of investing early and often, too many millennials sit on the sidelines because they worry about the risk of a repeat of the Great Recession of 2008....
15:26 2019-05-21

Without student debt, Morehouse graduates will have more options, from careers to homes Here's how billionaire Robert F. Smith's promise to pay off student loans for nearly 400 Morehouse College graduates could change their lives....
15:26 2019-05-21

AIG shares jump as profit beats on strong underwriting and lower costs Insurer AIG reported first-quarter earnings that trounced Wall Street estimates, as its general insurance business posted its first underwriting profit since the financial crisis....
15:13 2019-05-21

Pioneer Natural profit beats, takes 'Permian pure play' tag with asset sale Pioneer Natural Resources beat Wall Street estimates for quarterly profit, and said it sold its Eagle Ford and remaining assets in South Texas to become a pure-play Permian basin producer....
15:13 2019-05-21

Lyft has been a train wreck of a stock. Now it's about to report its first big earnings loss Lyft shares are down 30% since its trade debut, and now the rideshare firm is preparing for another first: earnings as a public company. While its path to profits is still a long one, it will need to show investors revenue growth and cost-cutting....
15:13 2019-05-21

Mallinckrodt stock swings up 16%, then down, after drugmaker raises 2019 profit outlook Mallinckrodt Pharmaceuticals rose as much as 16.4% but opened lower after first-quarter earnings beat projections and the company raised its guidance....
15:13 2019-05-21

Mylan quarterly revenue misses estimates, shares fall Drugmaker Mylan missed Wall Street estimates for quarterly revenue, hurt by restructuring at its Morgantown plant in West Virginia and a stronger dollar,....
15:13 2019-05-21

Papa John's swings to a loss as fallout from spat with founder weighs on profits Papa John's reported first-quarter net loss of $3.80 million, or 12 cents per share, down from a net income of $17.4 million, or 52 cents per share, a year earlier....
15:13 2019-05-21

Honda forecasts 6% rise in annual profit on Europe factory revamp Honda Motor forecast a 6% increase in operating profit for the current fiscal year due to cost reduction efforts and a restructuring of its production network in Europe....
15:13 2019-05-21

Toyota operating profit growth to drop this year on revenue slip Toyota Motor forecast lower growth in operating profit for the current year on an expected drop in revenue and weaker vehicle sales in Japan and North America....
15:13 2019-05-21

Sprint loses more phone subscribers than feared in the fourth quarter Wireless carrier Sprint on Tuesday reported greater-than-feared losses in phone subscribers who pay a monthly bill, as the company struggled to keep customers from going to larger rivals....
15:13 2019-05-21

Symantec CEO Greg Clark steps down, stock drops Shares of security company Symantec fell Thursday after the company said its CEO, Greg Clark, has stepped down. The company is looking for a replacement....
15:13 2019-05-21

Tencent Music charges for more content as paying users drive profit beat China's Tencent Music Entertainment Group said it had started charging for more of its content in the first quarter as the popularity of its pay-for-streaming services helped drive up profit....
15:13 2019-05-21

Deere blames escalating trade war for worsening outlook An escalating trade war between the U.S. and China threatens to hit U.S. exports of key commodities, hurting farm incomes and demand for Deere's equipment....
15:13 2019-05-21

Lumentum says it's halting all Huawei shipments; cuts its quarterly forecast Mobile phone parts producer Lumentum on Monday was the first U.S. company to confirm formally it was halting shipments to Huawei, following export restrictions put in place by the U.S....
15:13 2019-05-21