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cnbc

  • Health-care flexible spending accounts, or FSAs, are tax-advantaged accounts you may be able to find at work. You can save pretax dollars in these accounts and then use your money tax-free to pay for qualified medical costs. Generally, workers who contributed to these accounts in 2019 have until the end of the year to use their proceeds. Workers forfeit as much as $400 million each year in unused account cash, FSAStore.com found. Health-care FSAs are also different from health savings accounts.
    Workers are losing as much as $400 million annually in this tax-advantaged account

  • Wakanda’s free trade agreement with the United States wasn’t forever. The USDA said they had used Wakanda when testing the system behind the tracker and had forgotten to remove Black Panther’s home country. While looking for a resource that examined existing trade deals, he came upon the USDA tariff tracker and was instantly stunned by his discovery. Cows were also tariff free. It appears that Wakanda was listed as a free trade country with the U.S. sometime after June 10, according to the Inter
    USDA tariff tracker removes Wakanda, fictional home of Black Panther, as free trade partner

  • A FedEx delivery truck is seen on August 07, 2019 in Fort Lauderdale, Florida. The company’s revenue for the fiscal second quarter that ended Nov. 30 dipped by 3% to $17.3 billion, while its profit plunged by 40% to $560 million. To cut costs and improve profits amid slowing demand, the company said it’s reducing its global FedEx Express air network, restricting hiring and cutting some international and domestic flights. FedEx expanded its ground network to deliver year-round and seven days a we
    Investors punish FedEx as it struggles to adapt to rise in e-commerce amid slowing global growth

  • The California Department of Motor Vehicles announced on Tuesday that it will now allow a broader variety of driverless vehicles to be tested on the state’s public roads, including those in the light-duty category, meaning small to mid-sized trucks and vans. Among other requirements, companies testing the vehicles without a human test driver behind the wheel in California will have to build in a link to a remote operator. A Ford spokesperson said, “We are currently testing AV’s in California, bu
    California now allows driverless truck and cargo van testing on public roads

  • Dow snaps 5-day win streakThe Dow snapped a 5-day win streak ahead of tonight’s impeachment vote. Josh Brown of Ritholtz Wealth Management, and Jeff Saut, Capital Wealth Planning, discuss markets after the bell on “Closing Bell.”
    Dow snaps 5-day win streak

  • Seen through a store window, a Nike employee stands in the entryway of the Nike SoHo store in New York City. Shoe giant Nike reports fiscal second quarter earnings after the bell on Thursday. Needham expects the retailer to report earnings of 56 cents per share, compared to the 52 cents earned in the same quarter last year. The firm estimates North American sales to grow 6%, compared to 5.5% growth in the second quarter of 2018. Patel also said he expects performance in China and the emerging ma
    Nike earnings, jobless claims, home sales: 3 things to watch for in the markets on Thursday

  • New York Fed President John Williams said the short-term lending market is functioning well, and the Fed should keep its repo operations in place just as long as needed. The Fed started overnight and longer-term open market operations to keep the market liquid and has said it would continue those operations over the new year. The Fed has said it would continue to conduct open market operations in the repo market into January. Williams noted the size of the Treasury market is growing significantl
    Fed's Williams says repo operations working well and should stay in place 'just as long' as needed

  • Micron earned 48 cents per share excluding certain items on revenue of $5.14 billion, topping the earnings of 47 cents per share and revenue of $5.01 billion analysts expected. Herman Miller shares tanked more than 9% after the office and home furnishing company topped earnings expectations in its second quarter but gave a mixed outlook for the third quarter. The company earned 88 cents per share on revenue of $674 million, while analysts expected earnings of 87 cents per share and revenue of $6
    Stocks making the biggest moves after hours: Micron, Herman Miller, PG&E and more

  • Despite massive fallout from a major scandal that nearly took out the entirety of its 2019 gains, Johnson & Johnson has still managed to push itself 11% higher this year. That’s what Morgan Stanley thinks, and it’s what at least one options trader believes, as well. In fact, this trader threw down $2 million in a bet that the stock is headed even higher. As Nathan would point out, those calls break even if and when Johnson & Johnson hits $148.70, or about 4% higher than where it closed Tuesday.
    One options trader just made a $2 million bet on Johnson & Johnson. Here's why it could work out

  • cnbc wrote a new post, (no title), on the site US Stock Info 6 years, 11 months ago

    A federal judge on Wednesday ordered the early release from prison of former WorldCom CEO Bernie Ebbers — mastermind of one of the biggest accounting frauds in history — citing his increasingly dire medical condition. Ebbers, 78, has so far served about 13 years of his 25-year prison sentence for orchestrating the $11 billion accounting fraud by defunct telecommunications company WorldCom. He had been scheduled to be freed in 2028 before Wednesday’s ruling by Judge Valerie Caproni at a hearing i
    Judge orders early prison release for convicted ex-WorldCom CEO Bernie Ebbers, citing accounting fraudster's dire health

  • cnbc wrote a new post, (no title), on the site US Stock Info 6 years, 11 months ago

    A new NBC News/Wall Street Journal poll, conducted as the House prepares to vote on two articles of impeachment against the president, shows a deadlock. Those findings mirror the split on Capitol Hill, where the Democratic-controlled House is pushing toward impeachment while the Republican-held Senate resists. Yet responses to other questions in the poll show larger numbers of Americans disturbed by the Trump’s behavior, which represents a warning sign for his 2020 reelection prospects. Just 25%
    Americans are split on impeaching Trump, NBC/WSJ poll says

  • cnbc wrote a new post, (no title), on the site US Stock Info 6 years, 11 months ago

    An employee drives a completed Chevrolet Aveo automobile, a division of General Motors Co. (GM), off the production line at the GAZ Group plant in Niznhy Novgorod, Russia. The recently negotiated replacement for NAFTA will cost automakers nearly $3 billion over the next ten years, according to budget projections made by the Congressional Budget Office. A House committee cleared the new North American trade deal on Tuesday, setting up approval in the full chamber this week. The new auto guideline
    Automakers to take a nearly $3 billion hit under USMCA, new report says

  • cnbc wrote a new post, (no title), on the site US Stock Info 6 years, 11 months ago

    Facebook is headed to the Super Bowl for the first time. A company spokeswoman said the spot will show “how people from different backgrounds come together over shared interests and experiences, all through Facebook Groups.” The Super Bowl, which attracted over 98 million viewers in 2019, is often the most-watched American program of the year. Pop-Tarts, Hyundai and Avocados from Mexico are among the other brands that will run ads during the Super Bowl. WATCH: MillerCoors sues Anheuser-Busch ove
    Facebook will air its first Super Bowl ad as the company pays up to try and show its softer side

  • cnbc wrote a new post, (no title), on the site US Stock Info 6 years, 11 months ago

    CNBC’s Jim Cramer on Wednesday said investors on Wall Street care more about company fundamentals than they care about the impeachment process in Washington, D.C.As the House debated impeaching President Donald Trump throughout the day, the major U.S. stock averages barely moved. “Still, even if we have a few down days coming up … market history says it’s a mistake to freak out about the impeachment process.” Facebook shares rose about 2% in the session after Deutsche Bank raised its price tar
    Jim Cramer: 'It's a mistake to freak out about the impeachment process'

  • cnbc wrote a new post, (no title), on the site US Stock Info 6 years, 11 months ago

    Senate Judiciary Committee Chairman Chuck Grassley (R-IA) talks with reporters as he heads for a meeting at the Capitol October 02, 2018 in Washington, DC. Republican Sen. Chuck Grassley said Wednesday that Senate Majority Leader Mitch McConnell is responsible for his colleagues’ apparent lack of enthusiasm about his bipartisan bill to lower drug prices. When asked by reporters during a briefing why more Senate Republicans haven’t supported the legislation, the Senate Finance Committee chairman
    GOP Sen. Grassley says Mitch McConnell sabotaged support for his drug pricing bill

  • cnbc wrote a new post, (no title), on the site US Stock Info 6 years, 11 months ago

    “It may be that all of the ACA is severable from the individual mandate. It may also be that some of the ACA is severable from the individual mandate, and some is not.” U.S. District Judge Reed O’Connor of the Northern District of Texas ruled in December that the entire health law was unconstitutional because the individual mandate penalty was essentially eliminated. A coalition of Democratic state attorneys general, led by Becerra, appealed the lower court ruling. Three judges — Carolyn Dineen
    US appeals court rules Obamacare individual mandate unconstitutional but leaves law intact for now

  • cnbc wrote a new post, (no title), on the site US Stock Info 6 years, 11 months ago

    “Walker taught me a lot about this basic activity that every person on Earth needs,” Gates wrote on his blog. Now, at 64, Gates needs to sleep a full seven hours to feel creative and happy the next day, he said. Gates wrote that people “almost certainly” need seven to eight hours a night, “even if you’ve convinced yourself otherwise.” Temperature is another key aspect of your sleep environment, because your body temperature decreases to initiate sleep. Drinking alcohol to fall asleep is not a gr
    In Bill Gates' Microsoft days, he thought 'sleeping a lot was lazy'—now he needs 7 hours a night

  • cnbc wrote a new post, (no title), on the site US Stock Info 6 years, 11 months ago

    Why this investing pro says investors should pick Facebook over TwitterKatie Stockton of Fairlead Strategies and John Petrides of Tocqueville Asset Management discuss whether investors should pick Facebook or Twitter with CNBC’s Mike Santoli.
    Why this investing pro says investors should pick Facebook over Twitter

  • cnbc wrote a new post, (no title), on the site US Stock Info 6 years, 11 months ago

    Uber has agreed to pay $4.4 million to resolve an Equal Employment Opportunity Commissioner’s 2017 charge of sex discrimination, the agency announced Wednesday. Uber fired more than 20 employees following a separate internal investigation into gender bias and sexual harassment. The $4.4 million Uber will pay to settle the charges will create a fund to compensate those the EEOC determines “experienced sexual harassment and/or related retaliation after January 1, 2014.” An outside consultant will
    Uber to pay $4.4 million to resolve Kalanick-era EEOC sex discrimination charge

  • cnbc wrote a new post, (no title), on the site US Stock Info 6 years, 11 months ago

    Facebook is pushing further into the video gaming market with the acquisition of PlayGiga, a Madrid-based company that specializes in cloud gaming. “We’re thrilled to welcome PlayGiga to the Facebook Gaming team,” the spokesperson said, declining to comment on the price. The company ran a cloud gaming service in Europe, though that operation has wound down. “We are excited to announce that the PlayGiga team is moving on to something new,” the company says on the main page of its website. “We are
    Facebook acquires Spanish cloud video gaming company PlayGiga

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