Rambler mugs and thermoses sit on display for sale at the Yeti Holdings flagship store in Austin, Texas, on Wednesday, Sept. 12, 2018. Sergio Flores | Bloomberg | Getty Images Yeti looks to round out its wholesale footprint and mitigate the impact of tariffs headed into the final stretch of 2019. The company reported its
Month: October 2019
Carl Court | AFP | Getty Images Oil giant Royal Dutch Shell reported a 15% fall in third-quarter net profit on Thursday, citing lower energy prices and chemicals margins. Net income attributable to shareholders on a current cost of supplies (CCS) basis, used as a proxy for net profit, and excluding identified items, came in
President Donald Trump delivers keynote remarks at the Shale Insight 2019 Conference in Pittsburgh, Pennsylvania, October 23, 2019. Leah Millis | Reuters It’s all coming down to President Donald Trump and the China trade war if the market can close out the year with gains, according to Wall Street strategists and investors. Trump has been
The Pentagon warded its Joint Enterprise Defense Infrastructure (JEDI) contract to Microsoft late last week. The JEDI contract is worth up to $10 billion over 10 years, but just as valuable as the money, it’s also worth bragging rights and street cred. This was supposed to be Amazon’s contract to lose. Amazon practically invented enterprise cloud
Exxon and Chevron report earnings on Friday before the bell as energy companies continue to struggle, pressured by falling oil prices, waning demand and squeezed margins. The Street is expecting Exxon’s earnings to plummet by more than 50% from a year ago. For Chevron, it’s a more modest 29% decline. Exxon Exxon is expected to
Thomas Barwick | Getty Images Financial advisors and wealth managers counsel others on money matters. Doling out financial advice is their bread and butter. And like doctors who turn to other physicians when they’ve got their own aches and ailments, financial advisors often rely on others’ opinions when planning their own finances. And, in some
Former Massachusetts Governor and Republican presidential candidate Mitt Romney is interviewed at the Silicon Slopes Tech Conference on January 19, 2018 in Salt Lake City, Utah. George Frey | Getty Images Sen. Mitt Romney, R-Utah, is taking the lead on a new proposal aimed at fixing funding shortfalls for Social Security, Medicare and the nation’s
By Jennifer Nelson, Next Avenue Contributor Getty Maybe you missed grade school lessons in key math skills that come in handy managing money as an adult. Or you just don’t remember them. Either way, trouble calculating 40% off for shoes, the amount to tip in a restaurant and even critical thinking can haunt you. Just
DES MOINES, IA – AUGUST 10: Former mayor of New York City, and Everytown for Gun Safety founder, … [+] Michael Bloomberg speaks during a forum on gun safety (Photo by Stephen Maturen/Getty Images) Getty Images Whatever else they do, the wealth taxes proposed by senators and Democratic presidential hopefuls Elizabeth Warren (D-MA) and Bernie
Phillipe Starck’s iconic Ghost chair. Perigold There’s nothing more frightening than having to sit in a chair that looks stylish but feels uncomfortable. It’s certainly a trick. But Phillipe Starck’s Ghost Chair, has an understated elegance that’s a timeless treat. These chairs can easily blend into any space, from a kitchen or dining area to
The US House of Representatives has passed a resolution to formally proceed with the impeachment inquiry against President Donald Trump. The measure detailed how the inquiry will move into a more public phase and was not a vote on whether the president should be removed from office. It was the first test of support in
Motorcycle racing series Supercross isn’t quite ready to add an EV class. The sport — where riders race high-performance machines on jump-filled stadium tracks — currently fields only gas-powered two-wheelers. Supercross was poised to launch an all electric class this month, by converting its junior program to a new e-moto manufactured by KTM — Supercross
Just a day after the President of Chile said his country could no longer hold the world’s annual climate conference, Spain has offered to host it in Madrid. The critical meeting, called COP25, was due to take place in Santiago for two weeks from 3 December. Chilean President Sebastián Piñera said his government needed “to
Omio (née GoEuro) has acquired multimodal travel veteran Rome2rio as it works on building out a global travel aggregator business, having taken the decision to zoom out from its home market of Europe earlier this year. Financial details of the transaction are not being disclosed. But Omio raised a $150M funding round a year ago
Berlin rose as one of Europe’s leading startup hubs over the last decade, featuring unicorns N26, Delivery Hero, HelloFresh, and Auto1 Group. Berlin attracts developers from Eastern Europe and elsewhere into an international hub where English is the linga franca among startups and costs are noticeably lower than in London or Paris. Rocket Internet, while
Juul products are displayed at a smoke shop in New York, Thursday, Dec. 20, 2018. Seth Wenig | AP Tobacco giant Altria wrote down its $12.8 billion investment in troubled e-cigarette maker Juul by more than a third, recording a $4.5 billion pre-tax charge against its third-quarter earnings, the company said Thursday. There wasn’t a
A Dunkin’ location in Brooklyn, New York. Scott Mlyn | CNBC Dunkin’ Brands Group Inc reported lower-than-expected quarterly same-store sales in its namesake donut and coffee chain on Thursday, as it struggled to attract diners in a crowded breakfast and coffee market in the United States. However, the company raised its full-year earnings per share estimates
India needs to clean up its troubled financial sector fast in order to get economic growth back on track, says a former governor of the Reserve Bank of India, Raghuram Rajan. Rajan served as RBI governor for three years — from Sept. 2013 to Sept. 2016. During his tenure, the central bank told troubled Indian
Tim Cook, CEO of Apple, laughs during a launch event unveiling new products at the Brooklyn Academy of Music on October 30, 2018 in the Brooklyn borough of New York City. Apple debuted a new MacBook Pro, Mac Mini and iPad Pro. Stephanie Keith | Getty Images Wall Street analysts are starting to feel more
Hero Images | Getty Images As the S&P 500 reached new records this week, you might be tempted to ask: How high can the market go? You might even be thinking of paring back your equity exposure in anticipation that the 10-year bull market might finally be coming to an end. However financial experts warn:
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