Teva Pharmaceutical Industries, the world’s biggest generic medicine maker, warned on 2017 earnings on Thursday after reporting a fall in third-quarter profit hurt by competition in the U.S. market. Shares plunged nearly 18 percent on Thursday morning. A day earlier U.S. shareholder Allergan announced it would begin selling down its 10 percent stake in the
All three of Yum’s brands, which also includes KFC and Taco Bell, beat expectations for same-store sales growth during the quarter, according to StreetAccount. Taco Bell reported same-store sales growth of 3 percent, above Wall Street estimates of 2.5 percent; Pizza Hut saw growth of 1 percent, exceeding forecasts of a 0.7 percent decline; and
Chinese e-commerce giant Alibaba said on Thursday its quarterly revenue climbed 61 percent, beating analysts’ estimates, helped by growth in its core e-commerce business. The firm, headed by billionaire entrepreneur Jack Ma, posted 55.12 billion yuan ($8.34 billion) in revenue for the July-September quarter, above a 52.2 billion yuan forecast by analysts polled by Reuters.
Blue Apron is scheduled to announce third-quarter earnings Thursday morning before the bell. Here’s what Wall Street expects: EPS: A loss of 42 cents, according to Thomson Reuters Revenue: $191.5 million, according to Thomson Reuters Blue Apron’s shares have fallen 53 percent since its highly anticipated IPO in June. The already-crowded meal kit space has
On Tuesday, the CME Group, the world’s largest derivatives operator, said it would introduce bitcoin futures contracts. The introduction of such a product could bring more institutional investors into the market. Analysts believe this has been boosting the price. CME said its bitcoin futures contract would be cash-settled and based on the CME CF Bitcoin
In a strong bull market, stocks can go much higher than many investors and analysts expect. “In a normal market, the disciplined thing to do is sell when you have a decent gain. But now that the economy’s healthier — synchronized global expansion — and the market’s roaring, there’s a new discipline,” Cramer said. “You
Kohl’s is bringing out the sales for shoppers even earlier this holiday season. The department store retailer on Wednesday unveiled its holiday strategy, which includes more ways for shoppers to earn Kohl’s Cash, in-store deals on Cyber Monday and heavier Black Friday promotions starting this week. On the same day it introduced its holiday plans,
The personal finance site compared average expenses for people age 65 and older, including groceries, housing, utilities, transportation and health care in every state to come up with how long a nest egg of $1 million would really last. Top 5 states where your dollar will last the longest:1. Mississippi$1 million will last: 26 years,
Wall Street is expecting Facebook to show a revenue rise of 40 percent from a year ago, though profit is expected to rise more slowly as the company again hired more workers and invested in new technologies. Revenue is expected to climb to $9.84 billion for the period, from $7.01 billion last year, based on
JPMorgan’s research group shared its top large cap bank stock ideas in a note to clients Wednesday. “Divergence persisted into the third quarter among regionals with some banks continuing to deliver better results than others,” wrote analyst Vivek Juneja. “Bank stocks have done well recently, especially money centers, on hopes for a more hawkish Fed
In the midst of the August 2015 flash crash, when the Dow plummeted 1,000 points in a matter of minutes, General Electric shares fell 21 percent and touched an intraday low of $19.37 before rebounding. Now, two years later, despite an epic bull market that has seen the S&P 500 rally 31 percent over that
The trick is knowing where to apply. Guy Cecala, publisher and chief executive officer of Inside Mortgage Finance, recommends comparing interest rate and underwriting information from a credit union, a big bank such as Wells Fargo or JPMorgan Chase, and a non-bank lender. “There’s nothing wrong with getting a loan from a non-bank,” Cecala said.
The latest GDP reading of 3 percent was surprisingly strong after the multiple hurricanes that hit the United States, while consumer confidence has hit a 17-year high, according to the Conference Board. Exchange-traded fund flows to equity portfolios were more than $43 billion in October, the highest level since the post-election euphoria of November 2016.
Thousands of homes lost to last month’s devastating wildfires in Northern California could be rebuilt faster and more efficiently using production-scale techniques, according to industry experts. Indeed, a proposal is being floated to pull together construction and crew resources to rebuild whole communities or streets lost in the wine country wildfire disaster. This mass-building approach
We see people take “mini retirements” or “rolling retirements.” They’re no longer working up to a certain day, quitting and never picking up another job or role again. As they enter this new stage in life, they simply change what they want to do. And they’re free to do so because, again, they already did
Lucy Nicholson | Reuters Ken Griffin, founder and Chief Executive Officer of Citadel, speaks during the Milken Institute Global Conference in Beverly Hills, California, May 1, 2017. Billionaire businessman Ken Griffin is donating $125 million to the University of Chicago’s Department of Economics. The university announced Griffin’s gift Wednesday, saying it’s the second-largest in school
Some individuals can write off LTC premiums if they exceed 10 percent of their adjusted gross income because premiums are considered medical expenses. If you are a W2-earning household with $200,000 adjusted gross income, you have to top $20,000 in medical expenses just to begin to write off some of your premiums. This is not
EVERSOFINE | Getty Images Many of life’s downturns can be weathered if you’ve already managed to build yourself a strong financial foundation. I’ve seen many families lose everything because they didn’t have enough life insurance. I often hear about people who use their retirement investments to pay for unexpected expenses. I’ve talked with families stuck
Justin Sullivan | Getty Images The iPhone X is displayed during an Apple special event at the Steve Jobs Theatre on September 12, 2017 in Cupertino, California. Chinese consumers are picking up on the highly anticipated features not seen in previous iterations of the iPhone: Online, fans are saying that their favorite additions are the
Brendan McDermid | Reuters Guests attend a launch event for the new Sony PlayStation 4 Pro in New York City, September 7, 2016. Shares of Sony popped on Wednesday morning, touching a nine-year high after rising more than 11 percent early in the session. The move in share price came after the Japanese consumer electronics