Michael Farr Scott Mlyn | CNBC Farr, Miller & Washington is a “buy-to-hold” investment manager, which means we make each investment with the intent to hold the position for a period of 3-5 years. Nevertheless, in each of the past twelve Decembers I have selected and invested personally in ten of the stocks we follow
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Democratic presidential candidates do not seem particularly concerned about Americans’ retirement savings accounts, CNBC’s Jim Cramer said Friday. “I listened to the Democratic debate last night. None of those candidates, I find, is really interested in your 401(k),” Cramer said on “Squawk on the Street.” Seven candidates qualified for Thursday’s primary debate in Los Angeles,
A man shows AirPods Pro at an Apple store on East Nanjing Road on October 30, 2019 in Shanghai, China. Apple’s new AirPods Pro with active noise cancellation are on sale on October 30 in China. Wang Gang | VCG | Getty Images Sales of Apple‘s AirPods nearly doubled to $6 billion this year and
David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs is in advanced negotiations with the U.S. Department of Justice to pay about $2 billion in fines tied to its role in the 1MDB scandal,
A man uses a credit card to pay for gas in Miami, Florida. Getty Images America is a nation of contrasts, and credit card debt is no exception. With unemployment at a 50-year low and the stock market hitting record highs, confident consumers are spending with abandon, adding a projected $80 billion in U.S. credit
We sat down with Art Cashin, managing director of UBS Financial Services who’s patrolled the floor of the New York Stock Exchange for more than fifty years, at Bobby Van’s Steakhouse to chat about what’s ahead in 2020. Here are three predictions the veteran Wall Street trader offered for 2020: Prediction one: Despite a still
Reed Hastings, chief executive officer of Netflix Patrick T. Fallon | Bloomberg | Getty Images A small but significant group of Netflix and Disney+ users have told Bank of America they expect to cancel their Netflix subscriptions, rekindling concerns that new combatants in Wall Street’s “Streaming Wars” could hamstring current players. The bank’s survey of
A FedEx employee loads up deliveries in San Francisco. Getty Images “Face plant” and “awful” aren’t descriptors CEOs want to hear after reporting quarterly profit numbers. But FedEx’s second-quarter results were so bad — the profit decline so steep — that such severe language is not only justified, but it wouldn’t be surprising to see
An ATM is shown at company headquarters for the PNC Financial Services at One PNC Plaza in Pittsburgh, Pennsylvania. Getty Images PNC and Venmo are bickering over customers’ access to third parties, highlighting the sometimes murky area of connecting finance apps to bank accounts. Over the past month, PNC customers have taken to Twitter to
Meat prices are rising following a pork shortage caused by the outbreak of African Swine Fever, which could create a spike in demand for plant-based products like Beyond Meat, Bernstein said Tuesday. African Swine Fever continues to spread in China, which is a significant piece of the worldwide the pork trade. Bernstein said the country