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This is the first tax year under the Tax Cuts and Jobs Act — an overhaul of the code that doubled the standard deduction ($12,000 for singles and $24,000 for married-filing-jointly in 2018), and eliminated personal and dependent exemptions (formerly $4,050 for yourself, your spouse and each dependent). The law also placed limits on itemized
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The Consumer Electronics Show — CES — is how tech starts the year. It’s a massive event in Las Vegas with halls full of booths, wall-to-wall people and companies competing to convince the world that they own the future. Jon Fortt and Julia Boorstin were there for CNBC, interviewing executives, taking in the news and
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UnitedHealth shares jumped 1 percent in premarket trading Tuesday after it reported fourth-quarter earnings that beat Wall Street’s expectations. Here’s UnitedHealth’s results vs. what Wall Street expected: Earnings: $3.28 per share vs. $3.21 per share, forecast by Refinitiv. Revenue: $58.42 billion vs. $58.01 billion, forecast by Refinitiv. UnitedHealth expects full-year earnings in the range of
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Wells Fargo is scheduled to report fourth-quarter earnings before the market opens on Tuesday. Here’s what Wall Street expects: Earnings: $1.16 cents per share, forecast by Refinitiv. Revenue: $21.73 billion, forecast by Refinitiv. Wells Fargo is still working through its regulatory issues after the Federal Reserve reportedly rejected its plan to prevent more consumer abuses
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J.P. Morgan Chase is scheduled to report fourth-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: $2.20 a share, a 25 percent increase from a year earlier, according to Refinitiv. Revenue: $26.8 billion, a 5.4 percent increase from a year earlier. Net Interest Margin: 2.54 percent, according to FactSet Trading Revenue:
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The parent company of Calvin Klein and Tommy Hilfiger has “changed the narrative” for the retail sector, and its stock still has more upside, CNBC’s Jim Cramer said Monday after the major averages fell slightly on earnings worries. “PVH had a very rough time in the second half of 2018. Even though shares have rallied
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Prime Minister Theresa May’s Brexit plan is widely expected to fail in parliament Tuesday, but the defeat could still trigger a violent market reaction. “We could see knee-jerk volatility. She could lose by a historic margin. This could be a historic loss by the government,” said Marc Chandler, Bannockburn Global Forex chief market strategist. Chandler
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This year, experts say, the ongoing government shutdown could generate even more interest, both from affected workers who are running low on financial resources, as well as other taxpayers who worry about refund delays tied to the shutdown and implementation of the new tax rules. The IRS said last week that income-tax filing season would
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Canopy Growth has been granted a license by New York State to process and produce hemp with the help of efforts by Governor Andrew Cuomo and U.S. Senator Charles Schumer. Canopy Growth hopes to establish large-scale production capabilities focused on hemp extraction and product manufacturing within the United States. Depending on Board approval of a
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