Kraft Heinz reported better-than-expected earnings on Feb. 11 driven largely by people staying at home due to pandemic-led lockdowns and ordering more packaged foods. Shares of Kraft Heinz (KHC) closed almost 5% higher on Feb. 11 as sales for the fourth quarter rose 6.2% year-on-year to $6.9 billion and increased almost 5% for the year
Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney reported quarterly profit of 32 cents per share, surprising analysts who had expected a loss of 41 cents per share. Disney saw a not-unexpected slump in theme park attendance and box office results due to Covid, but the
by Michael Snyder Throughout human history, our God-given liberties and freedoms have often been brutally crushed by oppressive governments, and that is still happening all over the world today. But in our time, an additional threat to our liberties and freedoms has emerged. Global corporations just continue to get larger and more powerful, and in
A fringe benefit is any non-wage form of compensation and is usually offered by an employer as both an employee incentive and a way to reduce taxes. In fact, many fringe benefits are tax-advantageous to both the employer and the employee. There are limits to this, and some fringe benefits do not provide a tax
Virgin Galactic pilots walk to the company’s SpaceShipTwo Unity spacecraft, attached to the jet carrier aircraft Eve. Virgin Galactic Shares of Virgin Galactic climbed as a notice from the Federal Aviation Administration indicated that the company’s next spaceflight test is on track to launch as early as Saturday. An FAA notice posted on Thursday said
The president of the Tokyo Olympics has resigned following a backlash from athletes, sponsors and the Japanese public over sexist remarks he made last week. The departure of Yoshiro Mori was announced at an emergency meeting by the Tokyo Olympic Organising Committee and followed a steady build-up of pressure on the 83-year-old former prime minister. His
The UK economy grew more than expected in the fourth quarter despite extensive Covid-19 restrictions, but the outlook for the start of 2021 has darkened. Output expanded 1 per cent in the three months to December compared with the previous quarter, data from the Office for National Statistics showed on Friday. That was stronger than
Three is enough for JPMorgan. That’s how many clients advisor Michael Bale allegedly persuaded to transfer accounts from the bank to Merrill Lynch where he now works, according to a JPMorgan lawsuit filed earlier this month. JPMorgan claimed Bale, who serviced 352 clients before leaving the bank in January, violated non-solicitation agreements. This week the
An anonymous source claiming to be a senior Indian Finance Ministry official has claimed that the use of crypto assets will soon be completely banned in the world’s second most populated country. Speaking to Bloomberg, the source claimed that the use of cryptocurrency in all its forms will be banned under a new law expected
Investment Specialist, Team Denver Homes - RE/MAX Professionals. getty Hotel or vacation rental? If you’ve vacationed with friends or family at any point in the last decade, this is probably a familiar debate. And if you’re like a growing number of travelers, you may have exchanged the comfort and familiarity of housekeeping, 24-hour check-in and other hotel
Taylor Morrison CEO Sheryl Palmer told CNBC Thursday the strength in the housing market has broadened out in recent months, adding another layer to the pandemic-era residential real estate boom. “It’s a phenomenal dynamic we’re seeing out in the marketplace,” Palmer said in an interview on “Closing Bell,” one day after the nation’s fifth largest
Buoyed by bitcoin’s recent spike, altcoins including exchange-issued tokens recently made significant gains, while several of these crypto-assets went on to set new all-time highs (ATH). According to Messari data, Binance is leading the pack in this category, after its token went up by more than 150% from $47 on February 1 to an ATH
LightRocket via Getty Images Over the last couple of weeks, the financial headlines have been dominated by market manipulation, GameStop, short squeezes, Reddit frenzies and other uncommon topics. A little perspective makes it easier to understand these events and how they should affect your investment strategy. The big news was the strong increase in the
Michigan-based Trinity Health’s efforts to shed a fiscally struggling Chicago hospital resulted in a Chapter 11 filing for the hospital Wednesday. Mercy Hospital and Medical Center and Mercy Health System, which became part of the national system nearly a decade ago operating as a “health ministry” under the system, filed for bankruptcy after its efforts
Agnico-Eagle (NYSE:AEM) said today it had net income of $511.6 million, or $2.12 per share in 2020. The top-ten gold miner announced its Q4 and year-end today. In the full year 2020, payable gold production was 1,736,568 ounces compared to 1,782,147 ounces in the prior-year period. Production costs per ounce in the fourth quarter of
Commodities are hot, and inflation is starting to heat up. What does that mean for investors/traders? by Chris Vermeulen of The Technical Traders If you were not paying attention, Platinum began to rally much higher over the past 3+ days – initiating a new breakout rally and pushing well above the $1250 level. What you
The auto industry’s earlier than expected bounce-back provided General Motors (GM) with beats in its latest quarterly statement. In 4Q20, the auto giant generated revenue of $37.52 billion, coming in ahead of consensus estimates by $1.23 billion and amounting to a 21.7% year-over-year uptick. There was a $0.29 beat on the bottom-line, too, with Non-GAAP
Attendees visit the Disney+ streaming service booth at the D23 Expo on August 23, 2019 at the Anaheim Convention Center in Anaheim, California. ROBYN BECK | AFP | Getty Images Check out the companies making headlines after the bell: Disney – Shares of Disney jumped 3% after the company reported strong growth in paid streaming subscribers
by Michael Snyder Young people are running wild all over the country, and nobody seems to be able to come up with a solution to slow down the violence. Following the tragic death of George Floyd, teens were disproportionally involved in the rioting, looting and arson that erupted in major cities throughout the nation for the
Uber: An Overview Uber and its competitors such as Lyft have dramatically changed the personal transportation industry, with a mix of both benefits and drawbacks for customers and drivers. The ride-sharing business revolutionized a business model that had been functioning in the same way for generations: On a busy city street, a person in need
Some Robinhood traders who can’t get in touch with customer service are trying another tactic: showing up at its front door. A handful of Robinhood’s clients have driven to the start-up’s headquarters in California, demanding to speak to a representative and in some cases, vandalizing the property, according to police reports. A total of ten
Peter Wells in New York Florida’s governor responded to reports claiming the Biden administration was considering travel restrictions on Americans — and possibly those from his state — in an effort to curb rising cases of coronavirus variants, describing them as “unconstitutional” and “unjust”. According to a Miami Herald report on Wednesday there are “active
House Democrats told Republicans they would be setting a “new terrible standard for presidential misconduct” if they acquitted Donald Trump of stoking the January 6 attack on the US Capitol, as they closed out their case in the former president’s impeachment trial. The warning from the Democratic lawmakers, who were acting as prosecutors in the
After a year of tumbling sales due to the impact of low interest rates, annuity issuers are focusing on relatively new product lines and making massive M&A deals. Although structured or buffered variable products — also known as registered-index linked annuities — represent less than 11% of the market, RILAs have emerged as the fastest
In the early hours of Feb. 11 Yearn.finance (YFI) experienced a high volume spike which pushed the price to a new all-time high at $45,900. Data from Cointelegraph Markets and TradingView shows that YFI hit a swing low at $33,638 on Feb.10 before experiencing a 26% breakout of 26%. The move appeared to be motivated
Brooklyn Bridge and the Lower Manhattan skyline. getty Downtown Manhattan, long a cultural epicenter of the United States, comes with one of the steepest barriers of entry thanks to a real estate market that has seen an ever-increasing price creep since the 1990s. Still, the disruption caused by the effects of COVID-19 has created opportunities
Zillow CEO Richard Barton told CNBC on Thursday the company hopes to turn the wave of people who dreamily browsed its website last year into actual homebuyers. Zillow has long been associated with so-called “real estate porn,” Barton acknowledged in a “Squawk on the Street” interview. He noted a headline in a San Francisco newspaper in 2006 made
A Reddit post that predicted Tesla’s $1.5 billion purchase of bitcoin on Monday has been revealed as a hoax, after the New York Post tracked down the user. Reddit User Says He Was High on Acid When Writing It Tesla’s record-breaking bitcoin purchase stunned the markets earlier this week, causing the price of bitcoin to
10 tips for a Happier Retirement and the 25 happiest cities for retirement in the US getty Sadly no city in the USA came in the top 25 happiest cities for retirement. The top five cities for happiest retirement are Helsinki, Copenhagen, Geneva, Reykjavik, Oslo. As a Los Angeles financial planner who helps people plan for
Voters in St. Louis and St. Louis County will decide the fate of their sewer district’s $500 million bond question in April after a one-year delay due to the COVID-19 pandemic. The referendum on the April 6 ballot is the latest in a series of borrowing authorizations sought by the St. Louis Metropolitan Sewer District