Author: FC

Here’s what the Winter Olympics look like — from space

Millions around the world will tune into watch the 2018 Winter Olympics, but to those unfamiliar with the geography of South Korea it may be hard to understand where the events are taking place. The European Space Agency (ESA) flew its Sentinel-2 imaging satellite over the host city of Pyeongchang on Jan. 30, giving a stunning view of the mountains where most of the outdoor events will take place....

LL Bean dropping its unlimited returns policy

L.L. Bean’s generous return policy is going to be a little less forgiving: The company, which has touted its 100 percent satisfaction guarantee for more than a century, is imposing a one-year limit on most returns to reduce growing abuse and fraud. The outdoor specialty retailer said returns of items that have been destroyed or rendered useless, including some purchased at thrift stores or r...

L’Oreal would be able to ‘resist’ a financial crisis, CEO says

The world’s biggest beauty products company is not concerned about the ensuing ramifications of a recent global sell-off. “Whatever happens, L’Oreal is a very solid company able to resist in any environment,” Jean-Paul Agon, L’Oreal CEO, told CNBC on Friday. “I don’t wish that there is a crisis, but if there was one, or a difficult moment, we would be very...

Comcast CEO: We’ll do at least $5 billion stock buyback

[unable to retrieve full-text content]

Morgan Stanley downgrades Wynn Resorts on regulatory risk

Morgan Stanley lowers its rating for Wynn Resorts to equal-weight from overweight.

Your first trade for Friday, February 9

The “Fast Money” traders shared their first moves for the market open. Tim Seymour is a buyer of the iShares MSCI Emerging Markets ETF. Karen Finerman is a buyer of Apple. Dan Nathan is a buyer of Square. Guy Adami is a buyer of Allstate. Trader disclosure: On February 8, 2018, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Fast Money&...

The analyst who called this correction sees one more ‘panic’ ahead before the bottom

The stock strategist who predicted the S&P 500‘s latest plunge now expects further declines as Treasury yields rise. Barry Bannister, Stifel’s head of institutional equity strategy, said late Thursday that “the next shoe to drop” may be an increase in the 10-year Treasury yield versus the fed funds rate. “When the 10-year [yield] crosses 2.90 percent my thinking i...

These taxpayers could end up owing the IRS more money in 2019

Enjoy that bump in pay thanks to the new tax law, because some earners may find themselves on the hook for more taxes in 2019. In January, the Treasury Department released its income tax withholding tables, updated to reflect changes stemming from the Tax Cuts and Jobs Act. The new legislation cut individual income taxes, raised the standard deduction and eliminated personal exemptions. You may be...

The 10 percent correction won’t turn into a full-blown bear market: Strategist

Katie Stockton also says investors should expect "short-lived" volatility in the market.

Grandkids can come with tax benefits … if you’re raising them

When grandparents suddenly find themselves back in the child-rearing business, taxes are likely far from the forefront of their minds. Nevertheless, it’s well worth their time to explore tax breaks that could now be available, courtesy of their expanded role in their grandchild’s life. “If the child qualifies as a dependent, all tax deductions and credits that are available to th...

Stocks making the biggest moves premarket: UPS, FDX, AMZN, QCOM, NVDA, ATVI, AIG & more

Names on the move ahead of the open.

Stocks tracking for the worst week since 2008, and it’s going to get worse, says technician

When Wall Street sneezes, the rest of the world catches a cold. We're now going to see what happens when it has the flu.