Month: October 2018

If Kylie Jenner “likes” something, chances are, her followers will buy it. Of course, Jenner is among the highest-valued influencers on social media today. The reality TV star turned cosmetics billionaire makes an estimated $1 million per sponsored post on her Instagram, according to the 2018 Instagram Rich List compiled by Hopper HQ. Seeing celebrities,
0 Comments
Pharmaceutical giant Pfizer on Tuesday beat Wall Street analysts’ third-quarter earnings expectations but fell short on revenue and narrowed its full-year forecast. Shares of Pfizer fell about 1 percent. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 78 cents, adjusted,
0 Comments
Under Armour shares surged Tuesday after it reported quarterly earnings and revenue that topped analysts’ expectations thanks to a spike in sales overseas and fewer promotions. The company also raised its earnings outlook for the full year, excluding any impact from its ongoing efforts to trim excess inventory and cut costs. The results offer investors
0 Comments
Coca-Cola’s diet soda sales and higher prices helped the company beat Wall Street earnings and revenue projections during the third quarter, boosting profit by 30 percent. Here’s what the company reported Tuesday versus what Wall Street was expecting, based on average estimates of analysts polled by Refinitiv: Earnings: 58 cents per share, adjusted, versus an
0 Comments
Buffett, Berkshire’s widely followed chairman and CEO, highlighted strength in the industry at this year’s annual shareholder meeting in Omaha. “Payments are a huge deal worldwide,” Buffett said when asked about American Express, according to CNBC’s Warren Buffett Archive. “And you’ve got all kinds of smart people working at various ways to change the payment
0 Comments
Public service loan forgiveness (PSLF) allows certain not-for-profit and government employees to have their federal student loans canceled after 10 years of on-time payments. But most people, like Sonn, are rejected because they don’t fulfill one of the requirements. Consumer advocates say that student loan servicers have failed to guide borrowers to the consumer protection.
0 Comments
Check out the companies making headlines before the bell: IBM – IBM is buying Linux software distributor Red Hat for about $33 billion in cash, or $190 per share, in its biggest ever acquisition. That represents a nearly 63 percent premium over Red Hat’s Friday closing price of $116.68. HSBC – HSBC reported profit of
0 Comments
The Bahrain-based private equity firm Investcorp has said it is ready to ramp up investment in the United States, citing the country’s booming economy. At the end of June, Investcorp had about $22.6 billion in assets under management. The firm has previously stated that it wants to take that to $50 billion within 5 to
0 Comments
At its peak in the 1940s, the tax was 77 percent on portions of more than $10 million, then 70 percent for amounts over $5 million from 1976 to 1982. More recently, the overall trend has been toward reducing the estate tax — it’s 40 percent today, down from 55 percent in 2000. At the
0 Comments