cnbc

cnbc

  • Coca-Cola says a new soda it just released in Japan ended up with some fiber in it — please note that this isn’t another crazy recall notice, though. The company gave an earlier warning about Coke Plus back in February. Among them: Consuming one Coke Plus a day (à la a multivitamin) can help “suppress fat absorption” and “moderate the levels of triglycerides in the blood.” It looks like the company has already started passing samples of fiber Coke out to reporters, so maybe soon somebody will ad
    Coca-Cola insists it made Coke 'healthy' by putting fiber in it

  • From Kate Spade to the maker of Ugg boots, retailers over the past few months have been under the watchful eye of activist investors. Yet as massive shifts in the industry continue to accelerate, the attraction for activists is also likely just heating up. With announced store closures in the first quarter already topping the entirety of 2016, a team of Credit Suisse analysts identified the retail companies they view most at risk of a takeover attempt by an activist investor. Activists target co
    These 10 retailers could be next on activist investors' hit list

  • The White House just outlined its tax plan. Meanwhile, industry lobbying groups like the National Retail Federation and the Retail Industry Leaders Association said the BAT would universally raise prices for consumers. It appears that the White House heard the industry’s complaints. Mnuchin’s comments came as White House officials lifted the lid on President Donald Trump’s tax plan. The proposal includes trimming the number of income tax brackets from seven to three, and cutting the corporate ta
    Retail stocks move higher after Mnuchin shoots down controversial tax proposal

  • Buffalo Wild Wing’s first-quarter earning miss could give hedge fund Marcato the advantage ahead of the company’s proxy vote in June. “After missing two of the last four last estimated earnings, Buffalo Wild Wings missed once again,” Boomstra said. Buffalo Wild Wings reported adjusted earnings of $1.44 per share on $535 million in revenue in the latest period. Further instigating Buffalo Wild Wings, he called last week for B-Dubs CEO Sally Smith to resign. Buffalo Wild Wings defended Smith’s per
    Buffalo Wild Wings earnings miss could give Marcato the upper hand

  • Oil prices rallied on Wednesday after the U.S. government reported a bigger-than-expected drop in crude stockpiles, but there’s trouble brewing elsewhere in the energy complex. A large surge in gasoline inventories last week, pared with a rise in refinery activity, compounded worries that a fuel glut will hurt future demand for crude oil, the feed stock for most fuels. That could frustrate efforts to balance an oversupplied market and send oil prices lower later this year. The Energy Information
    Surging gasoline stockpiles undercut drop in US crude inventories

  • Even though I would never vote for Donald Trump, I understand that the question “Why don’t more red-state Republicans vote based on their own economic self-interest?” is a nicer way of asking “How could they be dumb enough to get tricked into voting for Donald Trump?” The same self-interest question never gets asked about people like me. You could argue that by voting for Democrats, I, like a working-class red-state voter, am also not voting based on my own economic self-interest. It may be beca
    Why only red state voters get asked this question-commentary

  • That is an ugly look for a firm that badly needs to win back the trust of regulators and investors. Toshiba’s many individual fans in Japan – in total, it has nearly 400,000 shareholders, Eikon shows – would be left with near-worthless paper. The local arm of PwC was brought in only last year, after predecessors Ernst & Young ShinNihon missed years of profit-padding. But PwC and Toshiba are feuding. The standoff created a risk Toshiba might not be able file full-year numbers on time.
    Toshiba axing PwC would be a desperate move to stay listed—commentary

  • Despite the fact that student loan debt has ballooned to $1.4 trillion and that the average 2016 college graduate is shouldering $37,172 in loans, only four in 10 high school seniors believe they’ll be borrowing in the name of higher education, according to new research from Navient. The student loan servicer polled 22,000 high school students between Aug.15 and Dec. 31 of last year. High school juniors are even further removed from the reality of student loan debt: 34 percent of those students
    Your high schooler has no idea about massive college expenses

  • Roughly half of U.S. workers have access to an employer-sponsored retirement plan. The financial services industry has argued that people who lack workplace plans can easily open an individual retirement account. Only about 14 percent of investors regularly contribute to their IRAs, according to a new report from the Center for Retirement Research at Boston College. The remaining assets in IRAs are from when employees roll over their 401(k) plans and other workplace retirement plans. “IRAs were
    Who are these people who contribute to their IRAs?

  • If corporations were to come out and play down the estimates in large numbers, the market would definitely take a hit. The STOXX 600, the European equivalent of the S&P 500, saw earnings grow 12.9 percent in the fourth quarter. UBS, in a report out last week, said “[W]e don’t believe that ‘earnings beats’ will be sufficient to move all stocks higher this reporting season.” Earnings guidance risk is somewhat lower now that numbers are coming in. The risk that the Trump tax cut agenda would fail,
    Halfway through earnings season, and the market likes what it sees

  • The U.S. Securities and Exchange Commission is preparing a proposal for a pilot plan to test how lowering stock exchange fees would affect market quality and the behavior of market participants, a senior official at the regulator said on Wednesday. Acting SEC Chairman Michael Piwowar has asked the staff of the regulator to come up with a proposal, said David Shillman associate director of the SEC’s Division of Trading and Markets. An SEC advisory committee recommended the pilot in April last yea
    US SEC working 'diligently' on plan to test lower exchange fees

  • The hardline conservative House Freedom Caucus, which helped to sink Republicans’ earlier attempt to revamp Obamacare last month, endorsed an amended plan Wednesday to replace the Affordable Care Act. In a statement, the Freedom Caucus said its members would support the plan if it includes the MacArthur amendment, which would allow states to waive some key Obamacare provisions. The compromise was negotiated between moderate GOP Rep. Tom MacArthur of New Jersey and Freedom Caucus leader Rep. Mark
    House Freedom Caucus announces it will support amended Obamacare replacement plan

  • Grab a piece of the map that guides your life from each of your successful friends. They’ve given up on time wastingProcrastinating is something your successful friends are really bad at. When your successful friends are old and have gray hair one day, they want to be proud of how they spent their time. They’ve given up only consumingRather than consume YouTube videos all day long, your successful friends have given up consuming for creating. They’ve given up selfishness
    16 things your successful friends have given up

  • According to the economics research team at Glassdoor, male and female college graduates who hold the same degree will “self-sort” into different occupations due to societal pressure and norms. Male college graduates usually benefit from this, as they gravitate toward higher paying jobs, while women gravitate toward lower paying jobs, according to the report, which analyzed the 50 most common majors. “These perceptions affect which jobs men and women feel comfortable moving into.” By contrast, m
    10 college majors where women go on to earn more than men

  • There may be such a thing as having the absolute best job. The research team at CareerCast thinks a particular role’s attractiveness comes down to a variety of measurable factors. “The best jobs do underscore that while college may not be the golden ticket in the labor force that it once was,” CareerCast online editor Kyle Kensing tells CNBC, “it’s still incredibly valuable for getting into high-growth, high-paid careers.” Here are the 10 best jobs in 2017, according to the report:10. Speech pat
    These are the 10 best jobs of 2017

  • The theory is that, as lower taxes spur growth in the economy, the tax base will grow fast enough to make up for the shortfall from lowering tax rates. But there’s little evidence that future growth makes up for the revenues lost when tax rates go down. “This idea that growth can pay for these kinds of huge tax cuts is operating in fairyland,” former Clinton administration budget director Leon Panetta told MSNBC on Wednesday. In both cases, tax cuts were based on the premise that faster economic
    Trump's tax cut plan only pays for itself with growth in 'fairyland'

  • Cramer Remix: Billions of dollars could be about to flood the stock market 12 Hours Ago | 01:11As the market digests details of the White House’s tax plan, released Wednesday, Jim Cramer looked into the proposed cuts to see how they might affect companies and shareholders. While the “Mad Money” host is skeptical about the plan passing Congress, he looked at how a corporate tax cut from 36 percent down to 15 percent could change the stock market layout. “There are a lot of investors on the sideli
    Cramer Remix: Billions of dollars could be about to flood the stock market

  • I think it’s doing a better job that Buffalo Wild Wings. I’ve got to tell you, [it’s] got a good yield. I really, really like it. That guy who runs that thing, he’s just all about making deals and deals and deals and deals. Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram – VineQuestions, comments, suggestions for the “Mad Money” website?
    Cramer's lightning round: This food play is taking on Buffalo Wild Wings

  • “PEP just isn’t going to be rewarded for doing its usual great stuff after that kind of advance,” Cramer said. “So you get this kind of pullback, the kind of pullback that lasts for a couple of days and then you buy.” Procter & Gamble’s earnings were not particularly stunning to Cramer, though the household goods and personal products maker still beat estimates. And that’s exactly what I think PepsiCo, Boeing, Procter & Gamble and Texas Instruments are worth buying right here.” Mad Money Twitter
    Cramer: Why these 4 stocks went down after spectacular earnings reports

  • Cramer pointed to Disney, which he said would see an immediate boost to profitability if the tax rate came down. A 15 percent effective tax rate could also encourage foreign companies to do more business stateside, an additional benefit to the U.S. economy. However, a corporate tax cut would dramatically widen the deficit, and President Donald Trump’s repatriation initiative would only provide a one-off solution, Cramer said. “A two-year tax cut? And, while investors should keep tax cuts in mind
    Cramer explains how Trump's tax cuts will impact your investments

  • Load More
Skip to toolbar