Richard Branson’s space tourism company Virgin Galactic told CNBC on Friday that astronaut trainer Beth Moses is on the company’s spacecraft Unity, along with the two pilots. “Beth Moses is on board as a crew member,” a Virgin Galactic spokeswoman told CNBC. “She will be doing validation of some of the cabin design elements.” This
Normally, you have to pay at least 90 percent of your tax liability in order to avoid the penalty. If you owe this season, consider it a lesson learned and do what you can to head off the same troubles in 2019. It’s generally a good practice to review your withholding, especially if you’ve been
Shares of Roku jumped 18 percent Friday after the company reported fourth quarter 2018 earnings Thursday afternoon that beat analyst estimates. Roku reported earnings of $0.05 per share compared to $0.03 expected by analysts, according to Refinitiv. The company also surpassed revenue estimates of $262 million, per Refinitiv, reporting $276 million in revenue for the
Wall Street is doubting Kraft Heinz after the food giant wrote down the value of its iconic Kraft and Oscar Mayer brands. Kraft reported a goodwill impairment charge of $15.4 billion in the fourth quarter, resulting in a net loss of $12.61 billion. These brands are two of the company’s most important brands, worrying the
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Kinder Morgan. Chris Verrone was a buyer of Oracle. Dan Nathan was a seller of Nike. Guy Adami was a buyer of Boston Scientific. Trader disclosure: Pete Najarian is long calls ARRY, BSX, CVE, EBAY, EEM, EWZ,
SOURCE: Urban Insitute analysis of jobs listings data provided by Snag. Data visualization provided by the Urban Institute. When low-wage workers can’t connect to jobs, families have to deal with persistent unemployment, said Christina Plerhoples Stacy, a senior research associate at the Urban Institute. Local economies suffer, too. “Employers in fast-growing neighborhoods and cities are
U.S. stock futures are pointing to a flat open on the final trading day of the week as investors digest soft economic data and monitor developing trade talks with China. As of 2:35 a.m. ET, Dow futures rose 7 points, indicating a flat open points. S&P 500 and Nasdaq futures traded barely above the flatline.
The economic slowdown in China will affect Oversea-Chinese Banking Corp’s ability to grow its loans business this year, the lender’s chief executive said on Friday. OCBC, the second-largest Singaporean bank by assets, reported a 9 percent increase in customer loans in 2018. That growth rate is expected to moderate this year amid greater uncertainties in
If you want to invest in individual stocks, you have to be ready to do your homework, CNBC’s Jim Cramer said on his show Thursday. The “Mad Money” host told a story from his childhood about how his father, “Pops,” began buying stocks of National Video through a tip that he received from his brother.
CNBC’s Jim Cramer took a stroll down memory lane on his show Thursday to reflect on the history of “Mad Money with Jim Cramer” and how it has evolved over the past dozen-plus years. While the “Mad Money” has retained two members of its original production team from its 2005 launch, the show’s focus has
Check out the companies making headlines after the bell: Shares of Zillow fell as much as 8 percent in extended trading and then regained those losses to trade up more than 8 percent after the online real estate company announced its CEO Spencer Rascoff will be stepping down. Zillow co-founder and former CEO Rich Burton
Fidelity Investments had a historic 2018, even as stock markets saw their worst performance in a decade. For the first time in history, Fidelity’s annual income topped $6 billion. It closed 2018 with a 19 percent increase in operating income, totaling $6.3 billion for the year. The Boston-based firm raked in a record $20.4 billion
Also, interest generally accrues on the amount owed, which is separate from the penalty. That interest rate, which can change quarterly, is currently 6 percent. Of course, the idea isn’t to file your return and ignore the tax debt. While the IRS will send you a bill for the balance, you also can explore setting
JP Morgan economists now see the economy growing at just 1.5 percent in the first quarter, and they trimmed back fourth quarter growth as well on signs of slowing business spending. The economists had expected fourth quarter growth at 1.6 percent, but revised it lower to 1.4 percent, after Thursday’s release of December durable goods,
Mario Anzuoni | Reuters An Oscar statue is seen during a media preview of this year’s Academy’s Governors Ball in Los Angeles, California, February 15, 2019. Years of declining ratings and a number of public PR snafus hasn’t chased advertisers away from the Academy Awards broadcast. On Wednesday, the Academy of Motion Picture Arts and
In one case included in the latest monthly FINRA roundup, a broker was barred from the industry for a variety of alleged misdeeds, including using client funds for his own purposes and attempting to hide it. According to FINRA’s findings, Kyle Patrick Harrington of San Diego converted about $20,000 in funds from one customer and
If you’re paying your nanny cash under the table, you might catch heat from the IRS. It’s no secret that child-care costs are a massive expense for working parents. Families with infants pay a nanny an average of $580 a week, according to Care.com — or $30,160 annually. To put things into perspective, average tuition,
Franziska Krug | Getty Images Entertainment | Getty Images Karl Lagerfeld attends the ‘Corsa Karl Und Choupette’ Vernissage on February 03, 2015 Karl Lagerfeld’s cat Choupette is reportedly set to inherit some of the Chanel designer’s estimated $195 million fortune. Chanel confirmed on Tuesday that Lagerfeld, who had been the fashion house’s creative director since
Americans are diving deeper and deeper into the red. As of this month, outstanding consumer debt exceeded $4 trillion for the first time, according to the Federal Reserve. Relatively strong holiday spending, particularly in November, and increasing credit card debt added more than $41 billion in outstanding balances at the end of 2018, according to
A new online survey from GOBankingRates found that 66 percent of individuals have not created an account so that they can save for emergency expenses. Furthermore, 69 percent have not set up automatic transfers from a checking to a savings account. And without automated savings, many individuals have a hard time achieving their financial goals.
Domino’s shares skidded more than 9 percent Thursday after the pizza chain disappointed investors with sales growth that fell short of expectations. Domino’s has been expanding rapidly in order to decrease delivery times and allow drivers to earn more tips, a strategy that the company calls “fortressing.” During its fourth quarter, the company opened a
Wang Zhao | AFP | Getty Images A Huawei poster is displayed in a store in Beijing on August 7, 2018. Samsung and Apple are increasingly losing their share of the smartphone market to China’s Huawei, according to new research, with consumers put off by the high price tags attached to their premium models. Market
U.S. stock futures were slightly higher Thursday, amid reports the U.S. and China have begun outlining a deal to end their protracted trade war. As of 1:45 a.m. ET, Dow futures rose 63 points, indicating a higher open of 78 points. S&P 500 and Nasdaq futures also climbed. Reports early Thursday morning said Washington and
The market has been rising since it hit “rock bottom” in December and there’s enough momentum in the United States economy alone to carry the cycle as global growth slows, top J.P. Morgan strategist Marko Kolanovic told CNBC on Wednesday. Kolanovic, whose calls have moved the stock market in the past, credited shifting policy in
Everyday Americans are being left behind because of President Donald Trump‘s tax cuts — and one solution could be to tax the rich, civil rights leader and two-time presidential candidate Jesse Jackson Sr. told CNBC on Wednesday. “There must be some kind of wealth tax,” the president and founder of the Rainbow PUSH Coalition said
Check out the companies making headlines after the bell: Avis Budget shares soared nearly 11 percent after hours Wednesday following the release of the rental car company’s fourth-quarter earnings beat. Earnings per share were 53 cents, beating estimates of 37 cents. Revenue was posted as $2.05 billion, compared to the $2.04 forecast by analysts surveyed
Semiconductor stocks are on a tear. The SMH semiconductor ETF and SOXX iShares semiconductor ETF have both rallied 18 percent so far this year, tracking for their best quarters since September 2016. The XSD S&P semiconductor ETF has done even better, racing more than 20 percent higher for 2019. Todd Rosenbluth, director of ETF and
For first-time investors, getting started can seem daunting, especially when the market is experiencing a lot of volatility. Day-to-day fluctuations in the market are often influenced by outside forces, like trade disputes and uncertainty. That is why it is important to remain calm and avoid making rash decisions. Instead, stay focused on your long-term goals.
This tax season has been an eye-opener for filers. It marks the first time people are submitting their returns under the Tax Cuts and Jobs Act, an overhaul of the tax code that went into effect in 2018. Major changes from the new law include a higher standard deduction ($12,000 for singles and $24,000 for
Last year, many states, including Arkansas and Wisconsin, introduced legislation to include K-12 tuition as a qualifying education expense for their 529 plans. As a result, residents in those states can deduct their contributions for those costs from their state income tax bill, up to a certain amount. Other states, such as North Dakota and