Small business hiring fell slightly in October in the wake of devastating Hurricanes Harvey and Irma, human resources firm Paychex said Tuesday. Paychex also said national hourly earnings for the month were an average $26.07, a gain of 2.91 percent, or 74 cents, year over year. “We’re seeing wage increases […]
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Mastercard shares jump after results beat the Street
MasterCard reported quarterly earnings and revenue that beat analysts’ expectations on Tuesday. Here’s how the company did compared with what Wall Street expected: EPS: $1.34 vs. $1.23 expected according to Thomson Reuters Revenue: $3.4 billion vs. $3.28 billion expected according to Thomson Reuters Shares rose 1.2 percent after the company […]
Under Armour trims full-year outlook, sending shares tumbling
Under Armour reported third-quarter earnings on Tuesday that topped analysts expectations, but revenue that fell short on account of weaker demand in North America. The retailer also trimmed back its profit and revenue expectations for the full year. Shares were falling around 15 percent on the news. Here’s how the […]
Under Armour slashes full-year outlook, sending shares tumbling
Weaker demand for Under Armour products across the U.S. and Canada is clearly hurting the athletic apparel retailer. The company trimmed its profit and revenue expectations for the full year on Tuesday, citing a “difficult backdrop” in North America — its largest market by sales. Under Armour also reported third-quarter […]
Goldman: Labor market divided with big ‘pool of struggling workers’
Despite a historic level of low unemployment, Goldman Sachs believes the labor market is divided, with a “pool of struggling workers” on the fringe. In a research note by chief economist Jan Hatzius, Goldman notes that while short-term unemployment has improved to historic lows, a higher rate of long-term unemployment […]
This chart of small caps rolling over shows market rally is hinging on tax reform
The sharp downturn in small-cap stocks on Monday is raising a flag with investors that the stock market may have priced in corporate tax cuts to a greater extent than previously thought. The Russell 2000 took a big hit on Monday, falling more than 1 percent, after Bloomberg News reported […]
Bitcoin makes up nearly a third of Bill Miller’s market-crushing hedge fund, report says
A hedge fund run by legendary investor Bill Miller now has about 30 percent of its assets in bitcoin, up from 5 percent last year, The Wall Street Journal reported Friday, citing an interview with Miller. The fund, MVP 1, bought its bitcoin for an average $350 each, the Journal […]
Savings rate hits lowest since financial crisis as Americans take on more risk
Americans are saving at the lowest pace in nearly 10 years, a sign of growing confidence as money pours into risk. The savings rate in September fell to 3.1 percent, according to Commerce Department data released Monday. That’s the weakest level since December 2007, just as the U.S. economy was […]
Quit bad habits with these 11 top tips
Warren Buffet said: “Chains of habit are too light to be felt until they are too heavy to be broken.” It’s far too easy for bad habits to derail our businesses, health, finances, relationships, and happiness. Just one bad habit can be the bad apple that spoils a dozen good […]
Alibaba shares are at a critical level. Here’s what it means
One of the best-performing tech stocks this year is testing a critical level, and it could be a make or break moment for the stock’s incredible run, according to one technician. Alibaba share prices have more than doubled this year, but Matt Maley of Miller Tabak warns the stock looks […]