In this article NKE CNBC’s Jim Cramer on Friday advised investors to wait for shares of Nike to cool down before buying after the stock rallied double digits on a quarterly report that beat expectations by a long shot. “While the stock’s far from cheap, business is booming, so you’ve got my blessing to buy
U.S. stock futures rose in overnight trading on Thursday after the S&P 500 closed at a record. Dow futures rose about 100 points. S&P 500 futures gained 0.1%, and Nasdaq 100 futures were flat. Nike‘s stock rose nearly 5% in extended trading after the company reported earnings of 93 cents per share, outpacing a Refinitiv
As high school graduation festivities come to an end, a new milestone is ahead for families of first-year college students — making the first tuition payment. Invoices for the fall semester are often sent out at the beginning of July and payments are typically due the first week of August. Yet some families still may
CNBC’s Jim Cramer on Friday advised investors to keep a clear mind in the coming days as Wall Street readies to digest the June jobs report out in a week. The report will be pivotal due to the ongoing debate about rising consumer prices in the U.S., he said. “Next week’s all about Friday’s nonfarm
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike reported quarterly earnings of 93 cents per share, well above the 51 cents a share consensus estimate. Revenue beat forecasts by a wide margin and exceeded $12 billion for the first time. Nike benefited from pent-up demand for its
In this article US10Y A view of an apartment building in the Chelsea neighborhood of Manhattan, New York City. Drew Angerer | Getty Images Retirees who are worried about inflation eroding the value of their income may want to check out real estate investment trusts. REITs are companies that own and/or operate properties like shopping
Loss carryover provisions allow businesses to either deduct current year losses against future profits (carryforwards) or current year losses against past profits (carrybacks). Many companies have investment projects with different risk profiles and operate in industries that fluctuate greatly with the business cycle. Carryover provisions help businesses “smooth” their risk and income, making the tax
In this article BC Boat maker Brunswick will have low inventory by the end of 2021 as it continues seeing strong revenue growth and consumer demand, Brunswick CEO David Foulkes told CNBC on Friday. While Foulkes said he expects Brunswick to meet its production forecast for 2021, he noted that the company is still recovering from pandemic-induced
Virgin Galactic SpaceShipTwo spacecraft Unity during a glide flight test in New Mexico. Virgin Galactic Virgin Galactic — Virgin shares soared more than 36% after it announced the Federal Aviation Administration has given it the green light to fly paying customers into space. It’s the first such license approved by the FAA. The company has
With less than a month to go before Jeff Bezos embarks on his “greatest adventure” with a trip to space, more than a few people here on Earth are making it known they’d prefer it if the wealthiest man on the planet takes a one-way trip and remains in orbit. A petition on Change.org entitled
Sir Richard Branson, left, and CEO Michael Colglazier celebrate the company’s third spaceflight test on May 22, 2021. Virgin Galactic Jeff Bezos plans to launch himself to the edge of space on July 20, but fellow billionaire Sir Richard Branson might still try to fly with Virgin Galactic first. Virgin Galactic leadership previously stated the company
FatCamera | E+ | Getty Images The push for a higher federal minimum wage could help those who are underpaid, particularly child-care workers. However, raising that minimum pay rate could also make child care unaffordable for many families. Such is the Catch-22 that policymakers now face as they look to rebuild the economy from the
On Thursday, New Hampshire lawmakers are scheduled to take up a budget conference report which contains several tax reforms negotiated by both chambers that would ultimately make New Hampshire the ninth state to impose no tax on individual income. These reforms floated at the beginning of the 2021 session found their way into HB 2,
A building in Massachusetts where some tenants are not paying rent. Source: Howard Simon The one-month extension of the Centers for Disease Control and Prevention’s eviction moratorium was welcome news for tenants but another nail in the coffin for some struggling landlords. Groups representing landlords had been lobbying hard to end the moratorium and now
In this article NKE The Nike logo is seen on the Nike store on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Nike shares surged more than 13% Friday morning, on pace to open at a record high, after the sneaker maker forecast full-year sales topping $50 billion
In this article TSLA TWTR Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Tech billionaires Elon Musk and Jack Dorsey have agreed to discuss bitcoin with each other at an event in July. In a bizarre Twitter thread,
In this article SPCE VSS Unity is released from carrier aircraft VMS Eve during the launch of its third spaceflight on May 22, 2021. Virgin Galactic Virgin Galactic announced on Friday that the Federal Aviation Administration granted the company the license it needs to fly passengers on future spaceflights, a key hurdle as the venture
MoMo Productions | DigitalVision | Getty Images Americans saving in a 401(k) plan may have money stashed in a robo-advisor — and they might not even know it. Robo-advice is basically professional money management guided by an algorithm (a robot, so to speak), largely allowing investors to be hands-off. Companies offering a retirement benefit are
One of the most important crossroads on the way to small business success — and one that nearly every entrepreneur will encounter at some point — is incredibly treacherous: deciding whether to take on a partner. How you navigate it can make the difference between success and unmitigated disaster. Done right, a partnership can propel
12 years and older New Yorkers are getting vaccinated at the St. Anthony of Padua Roman Catholic Church in Bronx of New York City, United States on June 13, 2021. Tayfun Coskun | Anadolu Agency | Getty Images LONDON — The U.K. has one of the highest Covid-19 vaccination rates in the world, yet it’s