Paul Manafort arrives in court, Thursday, June 27, 2019 in New York. President Trump’s former campaign manager is to be arraigned on state mortgage fraud charges. Seth Wenig | AP Former Trump presidential campaign chief Paul Manafort was hospitalized after experiencing a medical issue in the federal prison in Pennsylvania […]
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Elizabeth Warren claims Eli Lilly failed on cheaper insulin. CEO says ‘nonsense’
Eli Lilly CEO David Ricks said Tuesday that Sen. Elizabeth Warren‘s accusation that the drugmaker failed on its pledge to provide patients with lower-priced insulin is “nonsense.” Warren, among the frontrunners in the 2020 presidential race, released a survey Monday, which looked at 190 chains and 196 independent pharmacies across […]
Shopify, Nvidia and PayPal shares all have ‘more room to run,’ Jim Cramer says
The stock market continues to make record highs, but there remain some bargain stocks that investors can choose from, according to CNBC’s Jim Cramer. The basket of picks he presented on Tuesday come from equities analysis offered by Carolyn Boroden of FibonnaciQueen.com. They are primarily software plays that touch the […]
Jim Cramer: Housing data show we’ve ‘finally, finally, finally recovered’ from the Great Recession
The rate of home construction in the United States has reached numbers not seen in more than a dozen years, and CNBC’s Jim Cramer thinks it’s an indication that the market has fully recovered. “I don’t know a soul who noted that it was good news because housing punches above […]
Boeing shares tumble after company suspends 737 Max production — three experts on what to watch
Boeing shares dropped again on Tuesday after the company said it would suspend 737 Max production. Here’s what three experts say investors should watch now. Seth Kaplan, principal at Kaplan Research, says this news was a given. “Right now I would rather see if this is a first-quarter event. I […]
Stocks making the biggest moves after hours: FedEx, Cintas, Steelcase and more
A FedEx plane is parked at Ontario International Airport on February 4, 2019. Check out the companies making headlines after hours on Tuesday: FedEx — Shares of the shipping giant fell nearly 7% in extended trading on Tuesday after the company posted weaker-than-expected earnings. In the company’s second quarter, FedEx […]
FedEx shares slide after missing earnings expectations, lowering 2020 guidance
FedEx shares sank more than 6% in extended trading Tuesday after the shipping giant reported weaker-than-expected earnings in the second quarter and lowered its guidance for the rest of the year. Here’s how the company did compared with Wall Street’s expectations, according to Refinitiv consensus estimates: Adjusted earnings per share: […]
Pea farmers hit by trade war and low prices get a lifeline from Beyond Meat, other meat substitutes
It’s breakfast time in Flaxville, Montana. The thermometer says it’s four degrees, but the Weather Channel says it feels like minus 3. Paul Kanning is trudging through the snow to grain bins on his nearly 3,000 acre farm. One is stuffed with dry yellow peas. “I don’t know where they’re […]
Lawmakers may kill this popular retirement tax break for the wealthy
Phil Roeder Americans are likely losing a popular retirement tax strategy next year that allows the wealthy to leave large inheritances in retirement accounts. Several retirement provisions were tucked into a bipartisan $1.4 trillion spending package that federal lawmakers must pass by Friday to avoid a government shutdown. Among the […]
House committee approves USMCA trade deal, setting up vote on Thursday
Speaker of the House Nancy Pelosi and House Ways and Means Committee Chairman Richard Neal (L), Democrat of Massachusetts, speaks about the US – Mexico – Canada Agreement, known as the USMCA, on Capitol Hill in Washington, DC, December 10, 2019. Saul Loeb | AFP | Getty Images A House […]