Chuck Robbins, CEO of Cisco Ashlee Espinal | CNBC Check out the companies making headlines after the bell: Cisco fell nearly 8% in after-hours trading after announcing better-than-expected fourth-quarter earnings and weaker-than-expected guidance. The enterprise technology company reported adjusted fourth-quarter earnings per share of 83 cents on revenue of $13.43 billion. Analysts had expected adjusted
Attendees view cars on display during the 2015 Pebble Beach Concours d’Elegance in Pebble Beach, California, U.S., on Sunday, Aug. 16, 2015. David Paul Morris | Bloomberg | Getty Images It is the Coachella of classic cars, the Woodstock for wealthy wheel-freaks. It’s Monterey Car Week, which includes the Concours D’Elegance car awards show and
Traders work on the floor at the New York Stock Exchange, August 13, 2019. Eduardo Munoz | Reuters The stock market has done something so unusual this week that it has only happened 19 times in the past 30 years, and the strange pattern could be an ominous sign if history is any guide. The
Getty Images If you faced a surprise penalty for coming up short on your 2018 taxes, the IRS might be giving you some relief. On Wednesday, the IRS said it would automatically waive the tax underpayment penalty for more than 400,000 taxpayers who have already submitted their 2018 federal income tax return and failed to
I want you to think about your very first reaction when you flick on the TV and see the Dow has crashed 300, 500—even 800 points. It feels like you’re drowning, right? It’s physical, like a gasp after falling into a cold lake. Your first instinct is likely to reach for the closest “life preserver.”
Getty Did you owe an estimated tax penalty for 2018 but didn’t claim the waiver? All is not lost. The Internal Revenue Service (IRS) has announced that it is waiving the estimated tax penalty for those eligible taxpayers who filed their 2018 federal income tax returns but did not claim the waiver. The relief is
Harrods managing director Michael Ward says the UK’s business rates tax system is “broken”. (Photo by John Phillips/Getty Images for Harrods) Getty More than 50 among the UK’s largest retailers have asked the government to fix the “broken” business rates system. The retailers, including Harrods, Marks and Spencer, Sainsbury’s, Asda and Boots, have written
Rep. Elijah Cummings, D-Md. Bill Clark | CQ Roll Call | Getty Images U.S. lawmakers on Wednesday accused three major pharmaceutical companies of “coordinated obstruction” and “apparent efforts to stonewall” an investigation on generic drug prices launched in 2014. Chairman of the House Committee on Oversight, Elijah Cummings, D-Md., along with Sen. Bernie Sanders, I-Vt.,
Shares of Nordstrom, Kohl’s, and J.C. Penney fell in premarket trading on Wednesday after Macy’s lowered its profit outlook in an earnings miss that was indicative of challenges within the broader department store and retail sector. Macy’s stock sank more than 13%, while Nordstrom, Kohl’s and Penney all fell more than 4% after the news.
The dreaded inverted yield-curve has arrived. It’s a key data point for investors who fear it means trouble ahead for the economy — and a possible end to this historic rally in the stock market. But if history is any indication, rate-obsessed stock investors might be in better shape than they think, and some analysts