These figures include the company’s cash balance as well as its short-term investments such as bonds. American companies are sitting on piles of cash, frustrating investors and leading some on Wall Street to wonder why they aren’t spending. In 2018 Apple said that it was aiming to become “net cash neutral over time,” meaning that the cash on hand would balance outstanding debts for a balance of zero. While these ten companies have a lot of cash on hand, total cash balances across U.S. companies

As the holiday season approaches, the parent company of Sears and Kmart has secured a $250 million lifeline and announced plans on Thursday to shut 96 more stores. When Lampert bought Sears out of bankruptcy court for $5.2 billion earlier this year, he acquired 425 Sears and Kmart locations. “We will continue to evaluate our Sears and Kmart footprint, consistent with our overall retail and service strategy,” the company said. It was reported last month that Sears was exploring potential asset sa

Mike Bloomberg, the billionaire former mayor of New York, is preparing to enter the Democratic presidential primary, according to NBC News, which cited a Bloomberg advisor. The move didn’t necessarily mean Bloomberg, 77, was announcing a campaign, a source close to Bloomberg told NBC News. “He’s still not sure,” a source told CNBC. Biden, 76, leads Warren, 70, by under 8 percentage points in the Real Clear Politics national Democratic primary polling average. There is already a billionaire in th

Market leading e-cigarette company Juul is halting sales of its popular mint flavor, following the release of two damaging studies this week that showed the company’s role in a dramatic spike in teen use, the company announced Thursday. Studies published Tuesday in the Journal of the American Medical Association found high school students use mint more than any other of Juul’s flavors. Juul last month suspended sales of its other sweet flavors — mango, creme, fruit and cucumber. Juul has not mad

A judge Thursday ordered President Donald Trump to pay $2 million to settle a suit by New York’s attorney general alleging he misused his Trump Foundation charity to benefit his 2016 presidential campaign, in addition to other unlawful activity over more than a decade. Manhattan Supreme Court Justice Saliann Scarpulla ruled that more than $2.8 million raised by the Trump Foundation had been “used for Mr. Trump’s political campaign and disbursed by Mr. Trump’s campaign staff, rather than by the F

Passenger vehicles will account for about 7% of global carbon emissions in 2020, and as carbon costs increase this could seriously impact automakers’ bottom line, according to Morgan Stanley. “In a world where the price of carbon emissions rises, the impact of such numbers on financial results and investment performance may be significant,” Morgan Stanley auto analyst Adam Jonas said in a note to clients Wednesday.

Here are the steps you should take today to begin building your retirement savings. An online retirement savings calculator such as the one AARP offers can help you gauge whether you are on the right spending and savings track. If you’re already retired and on Medicare, be sure you’re making the most of your coverage options. Give back nowHero Images | Hero Images | Getty ImagesFinancial donations after you die will be welcome, but what about considering donating your time and energy while in re

U.S. and European regulators have asked Boeing to revise documentation on its proposed 737 Max software fix, the planemaker confirmed Wednesday, further complicating its efforts to return the jet to service by year-end. Maintenance workers cover the engine of an American Airlines Group Boeing 737 Max plane at Tulsa International Airport (TUL) in Tulsa, Oklahoma, May 14, 2019. Boeing spokesman Gordon Johndroe said Wednesday the company “provided technical documentation to the regulators as part o

Yet there are some less obvious reasons for certain retirees or retirement savers to consider doing a so-called Roth conversion. Right now, though, federal taxes are relatively low, which would mean paying less than you might down the road if you were to wait to do a Roth conversion. Here are some of the situations, discussed by Levine, where a Roth conversion might be right for you. On the other hand, if you’re heading to a low- or no-tax state and are considering a Roth conversion, it might ma

GrubHub’s terrible earnings and more than 40% stock plunge last week is not indicative of the potential of the broader food delivery business, Postmates co-founder and CEO Bastian Lehmann told CNBC on Thursday. “The right way to think about the space is not a winner take all market,” Lehmann said. Taking a veiled swiped at GrubHub, Lehmann said, for example, that millennials who like Postmates may be turned off by delivery companies that cater to people over 50 years old. Postmates’ Lehmann spok

Get out your pencils and calculators: The IRS has released a breakdown of what’s ahead for the 2020 tax year. Those sweeping changes include a higher standard deduction — it’s now $12,400 for singles and $24,800 for married joint filers in 2020. For the 2020 tax year, the IRS tweaked the individual income tax brackets, adjusting them for inflation. The additional standard deduction for older taxpayers and those who are blind are still available. Single filers who are blind or over 65 are eligibl

A new book on Ruth Bader Ginsburg explores the Supreme Court justice’s thoughts on the #MeToo movement and her hope that non-disclosure agreements, which have come under fire in sexual misconduct cases, “will not be enforced by the courts.” In “Conversations with RBG: Ruth Bader Ginsburg on Life, Love, Liberty, and Law,” the 86-year-old feminist icon questions whether the #MeToo movement will render the secrecy clause obsolete in such cases. Some lawyers who represent women today in sexual misco

Coca-Cola on Thursday unveiled a new sparkling water line, its first new brand in more than a decade. Flavored sparkling water or seltzer has become a popular alternative for consumers. In 2018, bottled sparkling water volume grew by 26% to 531 million gallons, according to data from Beverage Marketing. While the drink is just a small fraction of the overall bottled water market, sparkling water is growing at a much faster clip than still water, which saw its volume increase only 4.2% last year.

After a strong summer in the housing market, something is turning potential buyers on their heels. Just 21% of Americans say now is a good time to buy a home, a drop from 28% in September, according to a monthly sentiment survey by Fannie Mae. Now mortgage rates are rising again, adding to the problem. “Unfortunately, income and wages are not rising as fast and will make it difficult to buy once rates rise.” “I think what’s going to hold them back from over-heating is that prices have risen so f

Passenger vehicles will account for about 7% of global carbon emissions in 2020, and as carbon costs increase this could seriously impact automakers’ bottom line, according to Morgan Stanley. “In a world where the price of carbon emissions rises, the impact of such numbers on financial results and investment performance may be significant,” Morgan Stanley auto analyst Adam Jonas said in a note to clients Wednesday.

Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018. The social media company’s impressive business turnaround in the past few years has masked its lack of investment. The firm downgraded the stock to underperform from in-line and slashed its price target to $25 per share from $42 per share. The call follows a negative reversal in Twitter’s stock in the last month. The shares are down 27% in

In this photo illustration the Twitter logo is displayed on the screen of an iPhone in front of a computer screen displaying Twitter logos. We think current valuation represents a compelling risk/reward with the IAC spin-off (expected in 1H’20) acting as a potential catalyst – we upgrade our rating to Buy and see 30%+ upside to our new $88 PT.” UBS upgraded the operator of online dating sites and said it thinks the valuation represents a “compelling” risk/reward. Evercore downgraded the stock an

Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018. The social media company’s impressive business turnaround in the past few years has masked its lack of investment. The firm downgraded the stock to underperform from in-line and slashed its price target to $25 per share from $42 per share. The call follows a negative reversal in Twitter’s stock in the last month. The shares are down 27% in

In this photo illustration the Twitter logo is displayed on the screen of an iPhone in front of a computer screen displaying Twitter logos. We think current valuation represents a compelling risk/reward with the IAC spin-off (expected in 1H’20) acting as a potential catalyst – we upgrade our rating to Buy and see 30%+ upside to our new $88 PT.” UBS upgraded the operator of online dating sites and said it thinks the valuation represents a “compelling” risk/reward. Evercore downgraded the stock an

Shares of Roku plunged on Thursday, after the streaming devices company posted third-quarter results that missed Wall Street’s expectation following multiple quarters of blowout growth. Roku reported a third-quarter loss of 22 cents a share, worse than the 18 cents a share loss analysts surveyed by FactSet expected. Roku had beaten analysts’ expectations for quarterly earnings in seven of its last eight reports. RBC Capital similarly pointed out Roku’s advantage as a distributor, as it get reven