Shantanu Narayen, CEO, Adobe Mark Neuling | CNBC Adobe shares rose more than 3% after hours on Tuesday after the company announced better-than-expected earnings for the second quarter of its 2019 fiscal year, which ended on May 31, and lighter-than-expected guidance. Here are the key numbers: Earnings: $1.83 per share, excluding certain items, vs. $1.78
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut. “I think they’re fully planning on cutting in July, absent stronger data,” said Ed Keon, QMA chief investment strategist. “The market liked it now, but it’s important to keep in mind, rate cuts
Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Traders are convinced the Federal Reserve will cut rates next month. The fed funds futures market is now pointing to a 100% chance of an easing of monetary policy next month — a 67% chance of
A pedestrian walks past the Federal Reserve building on Constitution Avenue in Washington, March 19, 2019. Leah Millis | Reuters The Federal Reserve‘s decision Wednesday to keep interest rates steady came as a relief to many. And rightfully so. After the Fed raised the federal funds rate nine times in three years, with the last
Our Contrarian Income Report mailbag served up an important question from a reader this week. What are the perfect retirement dividends to buy and hold forever? Our subscriber is retired and manages investments for him and his wife. He asked me how to build a portfolio that will give her reliable income, with little maintenance,
Most people spend too much time worrying about things they can’t control or influence and not enough time on factors over which they have some influence. When considering retirement plans, many people think first about the investment markets, the future of Social Security and what Congress will do about taxes. They can’t influence any of
Residence 2646 is asking $34 million Mikiko Kikuyama This 8,500 square foot new build in San Francisco follows in the wellness footsteps of its predecessor—a $45 million home in Russian Hill by the same developers (Troon Pacific)—with a similar air filtration system that completes a whole-house air change every two to three hours, ventilation outlets in the
People enter the Adobe Systems Inc. office in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines midday Wednesday: Adobe — Adobe climbed 4.6% after reporting better-than-expected quarterly results. The technology company earned an adjusted $1.83 per share on $2.74 billion in revenue for the fiscal second
Operations at U.S. Steel Source: United States Steel Corporation United States Steel on Tuesday said it would idle two blast furnaces in the United States and a third in Europe, as lower steel prices and softening demand led the steel producer to forecast current-quarter earnings below the Wall Street estimates. Steel producers in the United
This just might be Fed Chair Jerome Powell’s toughest meeting yet because whatever the outcome, odds are high that it will disappoint a large group of people, and that’s not even counting President Donald Trump. The Fed began its two-day meeting Tuesday, and by 2 p.m. ET today, markets will be pouncing on whatever the