The company’s quarter was boosted by one-time events, including a $3.7 billion gain from Exxon’s Norway divestment. Excluding these items, profit for the quarter missed analyst estimates by 2 cents per share. Production in the oil-rich Permian spiked 54% year-over-year, and during the fourth quarter production began in the company’s offshore Guyana operations. Last quarter the company reported earnings of 75 cents per share on revenue of $65.05 billion, and in the same quarter a year earlier the

Dow to drop on coronavirus concernsTraders work on the floor of the New York Stock Exchange, January 27, 2020. Wall Street bounced off the lows after the World Health Organization declared the coronavirus outbreak a global health emergency — but at the same time, did not recommend restricted travel to China. Dow stock Exxon Mobil also issued mixed quarterly results. Amazon is set to open above a $1 trillion market cap. Amazon first hit a $1 trillion market cap in September 2018 but went below th

ReeceNichols Real Estate”The owner was infatuated with King Arthur and the Knights of the Round Table,” says Welch. ReeceNichols Real EstateThe room also has stained glass windows and a 200-year-old, hand-carved fireplace mantle imported from England. ReeceNichols Real EstateThe homeowner was also an extensive wine collector and the cellar can hold up to 4,000 bottles. ReeceNichols Real EstateThe master bedroom has a secret passageway that leads to the home’s greenhouse on a lower level, says We

Jackie Beck says a vision board helped her realize a dream trip to Africa. Emotionally connecting to a financial goal definitely boosts people’s ability to stash cash, according to a study conducted by Brad Klontz, a certified financial planner and financial psychologist. Savings rates soared by as much as 73% when people got fully and emotionally engaged in why they were setting money aside, Klontz says. Into AfricaA vision board helped Jackie Beck, a personal finance blogger in Phoenix, take t

Dean Mitchell | E+ | Getty ImagesIf you wait until you’re 70 to think about long-term care, you’re already late. A dwindling pool of insurance companies offer long-term care insurance policies, and it will take more than that to cover the cost of aging. “There are a lot of out-of-pocket costs,” said Carolyn McClanahan, a physician and certified financial planner at Life Planning Partners in Jacksonville, Florida. There’s also the stress family members face as their loved ones experience cognitiv

Democratic presidential hopeful former Representative John Delaney speaks on stage at “First in the West” event in Las Vegas, Nevada on November 17, 2019. Former Maryland Rep. John Delaney, the first Democrat to enter the 2020 race for president, has ended his campaign just days before the Iowa caucuses. Recent polling showed that Delaney barely registered in Iowa, despite spending much of the past three years campaigning there. The Delaney campaign put its own spin on the incident, saying it wa

Macy’s is reportedly about to open a new kind of store, which could be a test with a larger rollout to come. A search for jobs, located in Southlake, on Macy’s website reveals openings for cafe team members, beauty brand experts and sales associates for a “New Retail Concept at Macy’s.” The potential store in Southlake comes as Macy’s is struggling to grow sales at its traditional department stores. Macy’s in its latest quarter reported its first same-store sales decline in two years. Its holida

Millions of borrowers can now save big on a mortgage finance as rates have hit the lowest level in more than three years. About 9.4 million borrowers could save an average $272 per month if they were to refinance to a lower rate, according to calculations by Black Knight. In addition, more than 2.6 million of those borrowers could save $300 or more on their monthly principal and interest payment. The unexpected drop in mortgage rates is due in large part to market fears over the coronavirus. Mor

Pathogens specialist Dr. Syra Madad on Friday praised China for the work its done to try and slow the rapid-spread of the new coronavirus. “I think China is doing a great job,” said Madad, a senior director at NYC Health + Hospitals, the largest public health-care system in the United States. “Right now, the majority of cases are in mainland China and they’re doing a number of different public health measures.” On Friday, Chinese officials increased their confirmed coronavirus cases to over 10,0

And if they plan to retire in their 60s, that leaves a huge variable of how many years of retirement they will need to fund. An “interest only” retirement plan removes one of the biggest fears about life after leaving your job: Will my money outlast me? NerdWallet crunched the numbers, and we can tell you how much you need to save now to get $60,000 every year in retirement, without taking a bite out of your principal. For investing, we assume an annual 6% return when you are saving and a more c

UPS tumbled Thursday, falling to a six-month low, after issuing weak 2020 guidance, and experts warned that it could get worse for the delivery company’s stock. “Both FedEx and UPS are seeing declining margins, they’re seeing demand for lower margin, lower cost services, and that’s just going to continue to pressure them,” she said. Mark Newton, founder of Newton Advisors, agrees that UPS could continue to decline, though he’s more optimistic about FedEx. “Likely [UPS is] going to play catch-up

Delta Air Lines on Friday announced it would suspend its remaining service to and from China next month as the rapid spread of coronavirus hurts demand to the country for airlines around the world. The Atlanta-based carrier’s service suspension will begin Feb. 6 and last through April 30, but it will continue to operate the service until then to “ensure customers looking to exit China have options to do so.” Dozens of carriers including Delta’s U.S. competitors United and American have slashed o

More than 17 million workers are expected to skip work the day after the Super Bowl, according to a survey commissioned by Kronos. Coca-Cola wants to offer those bleary-eyed folks another alternative: a jolt of caffeine to combat the post-Super Bowl lethargy. Its new advertising campaign for Coke Energy debuts during the big game to deliver the message. Coke will need to walk a fine line when marketing the energy drink. Coke’s 60-second spot features Martin Scorcese waiting for a text message ba

U.S. consumer sentiment came in marginally above expectations and within striking distance of a cyclical peak amid strength in the labor market and strong increases in income, data released Friday showed. The University of Michigan’s consumer sentiment index came in at 99.8 for January. Economists polled by Dow Jones expected consumer sentiment to come in at 99.1. “The resilience of consumers is remarkable and due to record low unemployment, record gains in income and wealth, as well as near rec

Chevron posted a $6.6 billion loss in the fourth quarter due to $10.4 billion worth of write-offs related to the company’s shale gas production sites in Appalachia and deep-water projects in the Gulf of Mexico. In December, the company warned that this charge would be between $10 billion and $11 billion. The company’s upstream operations in the U.S. lost $7.5 billion in the quarter, down from earnings of $964 million a year earlier. In the same quarter a year earlier the company reported EPS of

CNBC’s Jim Cramer said Friday he’s done with fossil fuel stocks because young investor’s concerns about climate change are holding them down. On “Squawk Box,” Cramer compared oil and other fossil fuel stocks to the sigma attached to investing in tobacco companies, saying they are in the “death knell phase.” He added, “They’re tobacco. I think they’re tobacco.” However, Cramer said that better financial performance for oil companies wouldn’t even turn their stocks around.

Dresden, Dakota, and Ariana Peters known as the “Chicks with Kicks” discuss their more than 6,000 pair sneaker collection. What may be the largest sneaker collection in the world belongs to three 20-something women. The Peters sisters sneaker collection on display in their Miami Heat-themed NBA size basketball court. Rare Adidas Kanye West Prototype Rod Laver from 2005 that the Peters sisters sold for $7,840. Because of this, the Peters sisters say sneaker collectors are willing to pay a premium

From the time he was 14, Rob Gronkowski was committed to reaching the NFL. With the Patriots, Gronkowski — aka “Gronk” — won three Super Bowls rings and earned more than $50 million. In his 2015 book “It’s Good to Be Gronk,” Gronkowski said that at the start of his career he decided to save all his NFL paychecks and live off endorsement money instead. It feels good just to go out there and try to find things that I would just love to do,” Gronkowski says. In October, FOX NFL Sunday hired Gronkow

Dow now on pace for worst week since AugustPhil Camporeale, managing director at JPMorgan Asset Management, and Omar Aguilar of Charles Schwab Investment Management discuss markets after the opening bell on “Squawk on the Street.”

How to earn $60,000 in interest alone every year in retirementAn “interest-only” retirement plan can fund your retirement without draining your savings, but you will need to save a lot of money to make it possible. NerdWallet crunched the numbers, and we can tell you how much you need to save every month, broken down by age, to get $60,000 every year in an “interest-only” retirement. Check out this video to learn how much you will need, in order to make it a reality.