If you invested $1,000 in Delta 10 years ago, here’s how much money you’d have now

Since returning to the public market in 2007, Delta’s stock has been a consistent performer, making it a win for those who invested 10 years ago. While Delta’s stock has done well over the years, any individual stock can over- or underperform and past returns do not predict future results. CNBC: Delta stock as of October 10, 2019. As J.P. Morgan analysts put it, Delta’s prospects for the fourth quarter could be compared with “limping across the finish line.” But going into the fourth quarter, ma


Since returning to the public market in 2007, Delta’s stock has been a consistent performer, making it a win for those who invested 10 years ago. While Delta’s stock has done well over the years, any individual stock can over- or underperform and past returns do not predict future results. CNBC: Delta stock as of October 10, 2019. As J.P. Morgan analysts put it, Delta’s prospects for the fourth quarter could be compared with “limping across the finish line.” But going into the fourth quarter, ma
If you invested $1,000 in Delta 10 years ago, here’s how much money you’d have now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: anna hecht
Keywords: news, cnbc, companies, tepper, invested, ago, 1000, fourth, deltas, heres, money, share, stock, airlines, total, quarter, thirdquarter, delta, youd


If you invested $1,000 in Delta 10 years ago, here's how much money you'd have now

Delta Air Lines was the first U.S. carrier to report third-quarter earnings this year, and despite rising costs putting pressure on the airline, strong travel demand helped its revenue and profit grow.

Since returning to the public market in 2007, Delta’s stock has been a consistent performer, making it a win for those who invested 10 years ago. A $1,000 investment in 2009 would be worth more than $6,600, as of Oct. 10, 2019, for a total return of nearly 570%, according to CNBC calculations. In the same time frame, by comparison, the S&P 500 earned a total return of nearly 240%. The Atlanta-based airline’s current share price is hovering around $54.

While Delta’s stock has done well over the years, any individual stock can over- or underperform and past returns do not predict future results.

CNBC: Delta stock as of October 10, 2019.

Despite performing well in its third quarter, Delta’s fourth quarter could be tough due to the airline’s expectation that costs, excluding fuel, could rise as much as 5% year over year, CNBC reports. As J.P. Morgan analysts put it, Delta’s prospects for the fourth quarter could be compared with “limping across the finish line.”

Delta’s stock has faced both ups and downs this year. In January, the shares tumbled almost 9% in one day after it predicted lower revenue growth. However, the stock is up almost 8% this year.

But going into the fourth quarter, many experts stand behind Delta, despite a lackluster forecast. Mark Tepper, CEO of Strategic Wealth Partners, said he’s a fan of Delta’s stock — as opposed to other popular U.S. airlines — for three main reasons.

For one, Delta doesn’t fly the Boeing 737 Max, a type of airplane which has been grounded since March after two fatal crashes, Tepper said during a recent segment of CNBC’s “Trading Nation.” Two, it has “the best maintenance team in the industry,” which helps extend the life of its aircraft, making it a good move financially. And three, Tepper supports Delta’s partnership with American Express, which he calls “the gold standard,” because it helps the company’s bottom line.

Delta gained extra business while its competitors such as Southwest and American Airlines were forced to stop operating the Max and cancel thousands of flights. While Delta CEO Ed Bastian agrees the extra market share helped the airline’s third-quarter performance, he doesn’t believe “it was the main driver,” Bastian said during a recent appearance on CNBC’s “Squawk Box.”


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: anna hecht
Keywords: news, cnbc, companies, tepper, invested, ago, 1000, fourth, deltas, heres, money, share, stock, airlines, total, quarter, thirdquarter, delta, youd


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Wendy’s stock jumps on plans for nationwide breakfast, European expansion

Wendy’s on Friday shared more detail about its plan to launch breakfast nationwide, add new products and expand in Europe at its investor day. The burger chain announced its breakfast plans in September. Wendy’s anticipates that breakfast sales will grow to at least 10% of its total daily sales. The burger chain has partnered with DoorDash for delivery and announced additional partnerships with UberEats and GrubHub Friday. The burger chain has tried to enter European markets over the years.


Wendy’s on Friday shared more detail about its plan to launch breakfast nationwide, add new products and expand in Europe at its investor day. The burger chain announced its breakfast plans in September. Wendy’s anticipates that breakfast sales will grow to at least 10% of its total daily sales. The burger chain has partnered with DoorDash for delivery and announced additional partnerships with UberEats and GrubHub Friday. The burger chain has tried to enter European markets over the years.
Wendy’s stock jumps on plans for nationwide breakfast, European expansion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: amelia lucas
Keywords: news, cnbc, companies, burger, nationwide, expansion, jumps, european, sales, breakfast, kane, total, chain, plans, launch, company, program, stock, wendys


Wendy's stock jumps on plans for nationwide breakfast, European expansion

Wendy’s on Friday shared more detail about its plan to launch breakfast nationwide, add new products and expand in Europe at its investor day.

It also teased its unreleased third-quarter financial results. Wendy’s CEO Todd Penegor reported North American same-store sales growth of 4.4%, helped by the return of its spicy nuggets. The company is scheduled to report its earnings Nov. 6.

Shares of the company, which has a market value of $4.6 billion, jumped as much as 6.3% in premarket trading. The stock is trading up 1.5% after the market opened.

The burger chain announced its breakfast plans in September. Wendy’s plans to invest about $20 million to support its U.S. stores in preparation for the early 2020 launch. The company also cut its forecast for fiscal 2019 adjusted earnings at that time, expecting a decline in a range of 3.5% to 6.5%.

Wendy’s anticipates that breakfast sales will grow to at least 10% of its total daily sales.

The company has attempted to enter breakfast three times previously, and analysts have expressed skepticism that this time around will be different.

“We really are building this program in a different way,” Wendy’s U.S. President Kurt Kane told investors.

Kane said that the company worked with franchisees to create the breakfast program.

“They really pushed us hard to make sure that we had something that could work for our entire system,” he said.

Thanks to the company’s investments in the program, executives expect that breakfast will be immediately profitable for franchisees.

Menu items will include the Honey Butter Chicken Biscuit, Breakfast Baconator and the Frosty-ccino, but the chain is planning on limiting the number of breakfast items, compared to past launches. Wendy’s also created a new custom blend of coffee.

This time around will not include any equipment expenses, which previously could cost franchisees up to $10,000.

Wendy’s past breakfast attempts started regionally, which meant that advertising was locally based. The company is planning on using national media for its 2020 launch.

With the exception of Popeyes Louisiana Kitchen, Arby’s and Yum Brands’ KFC, Wendy’s competitors have all been in breakfast for years. Kane said that the company will be able to go head-to-head against Chick-fil-A with its chicken biscuit.

“We do anticipate significant competitive response,” Kane said.

Breakfast is not the only menu addition that Wendy’s has been exploring. Kane said that the chain is currently testing black bean burgers, which could be launched next year if it goes well.

Kane said the company is also exploring other meat alternatives. Restaurant Brands International’s Burger King has launched its plant-based Impossible Whopper nationwide, while McDonald’s is testing its own version made with Beyond Meat.

Out of Wendy’s total U.S. sales, 2% come from digital channels. It wants to expand its digital orders to 10% of total U.S. sales by 2024.

The burger chain has partnered with DoorDash for delivery and announced additional partnerships with UberEats and GrubHub Friday. Wendy’s reported 50% to 60% higher check prices on delivery orders.

Laura Titas, Wendy’s chief digital experience officer, said that the company will also launch in-app delivery, giving the company access to customer data and driving more people to its app. Mobile ordering leads to 20% higher check sizes for Wendy’s.

Titas also said Wendy’s will launch a loyalty program in 2020 to drive more frequent visits to its locations.

Wendy’s is also planning to expand into Europe in the next 12 to 18 months. The burger chain has tried to enter European markets over the years.

This is a breaking news story. Please check back for updates.


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: amelia lucas
Keywords: news, cnbc, companies, burger, nationwide, expansion, jumps, european, sales, breakfast, kane, total, chain, plans, launch, company, program, stock, wendys


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FA 100: CNBC ranks the top-rated financial advisory firms of 2019

Finding the right advisor to help with your financial needs and goals can be complicated. Many advisors will use a high asset under management as a selling point metric when marketing themselves to potential investors. However, AUM isn’t the whole story when a potential client is determining which financial advisory firm is right for them. The CNBC FA 100 celebrates the advisory firms that top the list when it comes to offering a comprehensive planning and financial service that helps clients na


Finding the right advisor to help with your financial needs and goals can be complicated. Many advisors will use a high asset under management as a selling point metric when marketing themselves to potential investors. However, AUM isn’t the whole story when a potential client is determining which financial advisory firm is right for them. The CNBC FA 100 celebrates the advisory firms that top the list when it comes to offering a comprehensive planning and financial service that helps clients na
FA 100: CNBC ranks the top-rated financial advisory firms of 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: cnbccom staff
Keywords: news, cnbc, companies, financial, management, 2019, rankings, right, 100, toprated, potential, total, firms, advisory, ranks, advisors, number


FA 100: CNBC ranks the top-rated financial advisory firms of 2019

Finding the right advisor to help with your financial needs and goals can be complicated. There are so many factors to assess. Many advisors will use a high asset under management as a selling point metric when marketing themselves to potential investors. However, AUM isn’t the whole story when a potential client is determining which financial advisory firm is right for them.

The CNBC FA 100 celebrates the advisory firms that top the list when it comes to offering a comprehensive planning and financial service that helps clients navigate through their complex financial life.

The CNBC rankings are based on data culled from thousands of advisory firms and provided by AccuPoint Solutions. Factors included in the rankings were disclosures, years in business, average account size, total accounts under management, number of investment advisors, the ratio of investment advisors to total number of employees and discretionary assets under management and total AUM. Each section was weighted according to specific criteria created by CNBC and AccuPoint.


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: cnbccom staff
Keywords: news, cnbc, companies, financial, management, 2019, rankings, right, 100, toprated, potential, total, firms, advisory, ranks, advisors, number


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If you invested $1,000 in Google 10 years ago, here’s how much you’d have now

GOOGL, as it’s shown in the chart below, is a stock ticker symbol for Alphabet, Google’s parent company. CNBC: Google’s stock since 2009. Kim Kulish | Corbis Historical | Getty ImagesAt first, Brin and Page operated Google out of a tight garage space in Menlo Park, California. It total, Google has acquired more than 200 businesses, and by 2010, it was purchasing companies at an average pace of two per month. By 2018, the creation of Alphabet increased Google’s stock price by more than 85% and re


GOOGL, as it’s shown in the chart below, is a stock ticker symbol for Alphabet, Google’s parent company. CNBC: Google’s stock since 2009. Kim Kulish | Corbis Historical | Getty ImagesAt first, Brin and Page operated Google out of a tight garage space in Menlo Park, California. It total, Google has acquired more than 200 businesses, and by 2010, it was purchasing companies at an average pace of two per month. By 2018, the creation of Alphabet increased Google’s stock price by more than 85% and re
If you invested $1,000 in Google 10 years ago, here’s how much you’d have now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: anna hecht
Keywords: news, cnbc, companies, 1000, tech, space, stock, alphabet, googles, google, youd, total, invested, page, company, brin, ago, heres


If you invested $1,000 in Google 10 years ago, here's how much you'd have now

On Sept. 27, Google turned 21. The tech giant has a lot to celebrate after more than two decades in business: It’s one of the world’s most visited websites and its name is so popular it’s been deemed a verb in the English dictionary (No, seriously — Google it!). Google’s success since going public has turned out to be a positive for shareholders. A $1,000 investment in 2009 would be worth more than $4,800 as of Oct. 2, 2019, for a total return of around 400%, according to CNBC calculations. In the same time frame, by comparison, the S&P 500 earned a total return of just more than 250%. The company, which went public in 2004, has a current share price around $1,200. While Google’s shares have done well over the years, any individual stock can over- or underperform and past returns do not predict future results. It’s important to note that Google is actually now called Alphabet. This change took place in 2015 as a way of reorganizing the company and its growing number of businesses beyond search. GOOGL, as it’s shown in the chart below, is a stock ticker symbol for Alphabet, Google’s parent company. CNBC: Google’s stock since 2009.

How Google got its start

Google was founded in 1998 by two Stanford Ph.D. students, Sergey Brin and Larry Page. The pair wrote and published a paper about developing a “prototype of a large-scale search engine,” which became the first iteration of the Google we know today.

Larry Page (L), then co-founder and president, products, and Sergey Brin, then co-founder and president, technology, at Google’s campus headquarters in 2003. Kim Kulish | Corbis Historical | Getty Images

At first, Brin and Page operated Google out of a tight garage space in Menlo Park, California. But by spring of 1999, they moved into a proper office space in Palo Alto, California. The company relocated again in 2004 to a complex of buildings in Mountain View, California, now known as “Googleplex.” In 1999, Google earned $220,000 in annual revenue. Four years later, in 2003, it brought it nearly $1 billion, earning the title of “Fastest Growing Tech Company in North America,” according to Deloitte’s 2004 Technology Fast 500 ranking.

Google’s expansion over time

Google’s rapid growth opened up major doors for expanding the business. In 2001, Page and Brin hired Eric Schmidt as Google’s CEO to help them grow the company. With Schmidt in charge, Google quickly expanded beyond its core identity as a search engine. In 2003, Google launched AdSense, an advertising program used by website publishers to target users. Venturing into the advertising space has proved profitable for Google, with 85% of its total revenue is still generated by advertising tech. Google acquired smartphone platform Android in 2005 and added YouTube to its portfolio in 2006. The company also bought Motorola Mobility in 2011 to step up its smartphone production process and smartphone navigation app Waze in 2013. It total, Google has acquired more than 200 businesses, and by 2010, it was purchasing companies at an average pace of two per month.

Attendees visit the Android booth during a Google I/O developers conference in San Francisco. Getty Images

As of 2017, Chrome surpassed competitors, including Internet Explorer, Safari and Mozilla Firefox, in popularity with 44.5% market margins.

By the fall of 2015, the Silicon Valley-based tech giant made the decision to restructure. Its new parent company was named Alphabet, and Google became its main subsidiary. The reorganization separated out profitable businesses from more ambitious, experimental ones, which served as a way to protect investors while still allowing for innovation. That same year, Sundar Pichai, Google’s senior vice president in charge of products, took over as CEO. Google’s restructuring proved successful. By 2018, the creation of Alphabet increased Google’s stock price by more than 85% and revenue for Alphabet’s other subsidiaries rose nearly 50% year over year.

The latest on Google


Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: anna hecht
Keywords: news, cnbc, companies, 1000, tech, space, stock, alphabet, googles, google, youd, total, invested, page, company, brin, ago, heres


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Convicted pedophile Gary Glitter set to earn big royalties from ‘Joker’ movie

The R-rated comic book movie smashed box office records over the weekend, with Warner Bros. hauling in $93.5 million in the U.S. alone. “Joker” also garnered $140.5 million internationally, bringing the film’s total ticket sales to $234 million, Warner Bros. said Sunday. He is also thought to be in line for music royalties depending on the success of movie theater ticket sales, DVD sales and film soundtrack sales. Warner Bros. was not immediately available to comment when contacted by CNBC Monda


The R-rated comic book movie smashed box office records over the weekend, with Warner Bros. hauling in $93.5 million in the U.S. alone. “Joker” also garnered $140.5 million internationally, bringing the film’s total ticket sales to $234 million, Warner Bros. said Sunday. He is also thought to be in line for music royalties depending on the success of movie theater ticket sales, DVD sales and film soundtrack sales. Warner Bros. was not immediately available to comment when contacted by CNBC Monda
Convicted pedophile Gary Glitter set to earn big royalties from ‘Joker’ movie Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-07  Authors: sam meredith
Keywords: news, cnbc, companies, convicted, million, weekend, set, big, movie, royalties, joker, sales, bros, glitter, todd, pedophile, warner, total, film, earn, gary


Convicted pedophile Gary Glitter set to earn big royalties from 'Joker' movie

The contentious inclusion of a song by convicted pedophile Gary Glitter in “Joker” has sparked a wave of criticism from moviegoers, with many concerned the disgraced former glam rock singer will be entitled to lucrative music royalties.

The R-rated comic book movie smashed box office records over the weekend, with Warner Bros. hauling in $93.5 million in the U.S. alone. That marked the highest debut for a film released in October in cinematic history.

“Joker” also garnered $140.5 million internationally, bringing the film’s total ticket sales to $234 million, Warner Bros. said Sunday.

But, despite the film’s opening weekend success, the makers of the movie have stoked controversy for featuring Glitter’s 1972 hit “Rock and Roll Part 2” in a lengthy scene.

The song plays for approximately two minutes as Joaquin Phoenix, who has received rave reviews for his portrayal of the eponymous villain, dances down a long flight of steps outside his Gotham City apartment.

Glitter, whose real name is Paul Gadd, is reportedly expected to receive a lump sum for allowing the recording to be used in “Joker.” He is also thought to be in line for music royalties depending on the success of movie theater ticket sales, DVD sales and film soundtrack sales.

The 75-year-old was jailed for a total of 16 years in 2015 for attempted rape, four counts of indecent assault and one count of having sex with a girl under 13. All six offenses were committed in the 1970s and 1980s. He was first jailed in 1999 when he admitted to possessing images of child abuse.

Warner Bros. was not immediately available to comment when contacted by CNBC Monday morning.

Directed by Todd Phillips, “Joker” received critical acclaim following its debut at the Venice Film Festival in August.

However, while some have praised Todd Phillips’ story and direction, and Joaquin Phoenix’s portrayal, many have questioned whether the film, which depicts mass murder, could unintentionally be portraying “Joker” as a heroic or inspirational figure.


Company: cnbc, Activity: cnbc, Date: 2019-10-07  Authors: sam meredith
Keywords: news, cnbc, companies, convicted, million, weekend, set, big, movie, royalties, joker, sales, bros, glitter, todd, pedophile, warner, total, film, earn, gary


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Consumers may have carried markets as far as they can

The stock market has been a believer. The consumer discretionary gain of 16.1% also exceeds the broader market. Investors attraction to these stocks reflects the strength in consumer spending, which grew a very robust 4.6% in the second quarter of 2019. Putting that in perspective, total consumer spending, at roughly 67% of GDP, represents $13.3 trillion of buying power, so $120 billion is almost 1% of Americans’ spending budget. The economy and the stock market needs your help.


The stock market has been a believer. The consumer discretionary gain of 16.1% also exceeds the broader market. Investors attraction to these stocks reflects the strength in consumer spending, which grew a very robust 4.6% in the second quarter of 2019. Putting that in perspective, total consumer spending, at roughly 67% of GDP, represents $13.3 trillion of buying power, so $120 billion is almost 1% of Americans’ spending budget. The economy and the stock market needs your help.
Consumers may have carried markets as far as they can Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-06  Authors: karen firestone
Keywords: news, cnbc, companies, premium, consumer, stocks, carried, consumers, stock, discretionary, markets, market, total, spending, trade, far, tariffs


Consumers may have carried markets as far as they can

For months now, we’ve been repeating the refrain “the consumer is strong, the consumer represents two thirds of GDP, the consumer will keep the economy growing” until it is the last thing we utter at night and the first words out of our mouth in the morning. The stock market has been a believer.

As of the close of the market on Wednesday, the staples sector had advanced 18% year-to-date compared to 15.2% for the S&P 500, excluding dividends.

The consumer discretionary gain of 16.1% also exceeds the broader market.

Investors attraction to these stocks reflects the strength in consumer spending, which grew a very robust 4.6% in the second quarter of 2019. Consumers appeared to have shrugged off the tariffs imposed through 2018 and the first half of 2019 and the market clearly believes that more tariffs will also have a similarly imperceptible effect on spending.

We might have more conviction in these stocks if they seemed undervalued, but both consumer staples and discretionary stocks sell at a premium multiple to the market. Compared to the 2019 price earnings ratio for the S&P 500 of 17.5 today, the average staple stock trades at 22 times with the average consumer discretionary priced at a turn of 23 on this year’s earnings per share.

The market pays a premium for growth. Do we really believe that most of the packaged food, consumer brands, and traditional retailers are deserving of a premium? We might understand Amazon’s multiple, but Walmart, P&G, Coke, Colgate, Hershey, and even McDonalds and Starbucks trade at multiples with at least a 50% premium. Justifying that relative price differential would imply earnings growth faster than the estimated 9% for the S&P 500 (which is likely aggressive), but 2020 estimates for both McDonalds and Starbucks are no higher than the growth forecast for the overall market.

Unfortunately, the consumer may have carried us as far as she can. The tariffs slated to hit on December 15th, which will bring the total levy on consumer products to an estimated $120 billion, may represent the tipping point. Investors may be betting that these get delayed again or that a trade is inked before that quickly approaching date, but time is running out.

Putting that in perspective, total consumer spending, at roughly 67% of GDP, represents $13.3 trillion of buying power, so $120 billion is almost 1% of Americans’ spending budget. This might not seem like much, but that’s an average of $1,000 per household across the country.

Since durables — such as washing machines, refrigerators, and even cell phones — are on the list, and these purchases are often not discretionary (have you ever tried to live a week without a fridge?) the hit to a family with the median national income of $59,000, could be well over 2% of their total after-tax disposable income. When we look across the list of clothes, shoes, phones, and almost all appliances, it seems likely that US consumers will, at a minimum, think twice before buying the same quantity of goods they did pre-tariff.

Studies suggest that the full cost of tariffs is generally passed on to end users. Unless the president and his trade negotiators pull off a miracle in the next few months, we are likely to witness a negative impact on job creation or destruction that will further depress consumer spending.

The energy industry has shrunk in recent years, as has manufacturing, and that hasn’t pulled the economy into a recession, but those two sectors represent about 20% of GDP combined. So, ladies and gentlemen, take a break today and go shopping in a store or online. The economy and the stock market needs your help.

Karen Firestone is chairman, CEO, and co-founder of Aureus Asset Management, an investment firm dedicated to providing contemporary asset management to families and individuals.


Company: cnbc, Activity: cnbc, Date: 2019-10-06  Authors: karen firestone
Keywords: news, cnbc, companies, premium, consumer, stocks, carried, consumers, stock, discretionary, markets, market, total, spending, trade, far, tariffs


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California’s new privacy law could cost companies a total of $55 billion to get in compliance

California’s new privacy law could cost companies a total of up to $55 billion in initial compliance costs, according to an economic impact assessment prepared for the state attorney general’s office by an independent research firm. On the low end, the researchers estimated that firms with fewer than 20 employees might have to pay around $50,000 at the outset to become compliant. The $55 billion researchers estimated companies will initially pay to become compliant is equivalent to about 1.8% of


California’s new privacy law could cost companies a total of up to $55 billion in initial compliance costs, according to an economic impact assessment prepared for the state attorney general’s office by an independent research firm. On the low end, the researchers estimated that firms with fewer than 20 employees might have to pay around $50,000 at the outset to become compliant. The $55 billion researchers estimated companies will initially pay to become compliant is equivalent to about 1.8% of
California’s new privacy law could cost companies a total of $55 billion to get in compliance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-05  Authors: lauren feiner
Keywords: news, cnbc, companies, researchers, estimated, firms, state, million, costs, billion, privacy, cost, californias, law, compliance, total, companies, california


California's new privacy law could cost companies a total of $55 billion to get in compliance

Mark Zuckerberg, chief executive officer and founder of Facebook Inc. attends the Viva Tech start-up and technology gathering at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France.

California’s new privacy law could cost companies a total of up to $55 billion in initial compliance costs, according to an economic impact assessment prepared for the state attorney general’s office by an independent research firm.

The review, released publicly by California’s Department of Finance, provided a broad range for the potential costs companies could face to become and stay compliant with the California Consumer Privacy Act (CCPA) if signed into law by Democratic Governor Gavin Newsom.

On the low end, the researchers estimated that firms with fewer than 20 employees might have to pay around $50,000 at the outset to become compliant. On the high end, firms with more than 500 employees would pay an average of $2 million in initial costs, the researchers estimated. The $55 billion researchers estimated companies will initially pay to become compliant is equivalent to about 1.8% of California’s Gross State Product in 2018, according to the report.

In addition, total compliance costs for all companies subject to the law could range from $467 million to more than $16 billion over the next decade, according to the report.

The assessment comes as the CCPA is nearing its final stamp of approval. If Newsom approves the law with its new amendments by Oct. 13, it will go into effect on Jan. 1, 2020. The attorney general’s office is tasked with defining regulations that will help companies understand the steps they need to take to comply.

The bill grants rights to California residents to be informed about how companies collect and use their data, and allows them to request their personal data be deleted, among other protections. The law would apply to all businesses in the state that generate annual gross revenue over $25 million; derive at least half of their annual revenue from selling customers’ personal information; or that buy, sell or share personal information from at least 50,000 consumers, households or devices. Researchers estimated that as many as 75% of California businesses earning less than $25 million in revenue would be impacted by the legislation.

Lawmakers in Washington, D.C. are closely watching the legislation as they consider a federal privacy law. As states begin to take on their own privacy legislation efforts, tech executives like Facebook CEO Mark Zuckerberg have advocated for creating a nationwide policy. Setting one legal standard would likely be less costly and complicated for tech firms than a piecemeal approach to compliance.

Businesses operating in California could have a head start on tackling compliance costs should other state laws or a national policy take effect, according to the report. In the meantime, relatively few businesses will be hurt by having to compete with other firms that are not subject to California’s protections.


Company: cnbc, Activity: cnbc, Date: 2019-10-05  Authors: lauren feiner
Keywords: news, cnbc, companies, researchers, estimated, firms, state, million, costs, billion, privacy, cost, californias, law, compliance, total, companies, california


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Only 1.6% of Americans’ charitable giving goes toward nonprofits helping women and girls

Americans gave $6.3 billion to nonprofits focused on women and girls in 2016, according to a comprehensive report released Thursday from the Women’s Philanthropy Institute. “There is a lack of investment in women and girls in this country,” says Teresa Younger, president and CEO of the Ms. Foundation for Women. And not just in the health-care sector, which WPI found received the biggest chunk of the total funding directed toward women and girls. Yet even though so few dollars are going to women


Americans gave $6.3 billion to nonprofits focused on women and girls in 2016, according to a comprehensive report released Thursday from the Women’s Philanthropy Institute. “There is a lack of investment in women and girls in this country,” says Teresa Younger, president and CEO of the Ms. Foundation for Women. And not just in the health-care sector, which WPI found received the biggest chunk of the total funding directed toward women and girls. Yet even though so few dollars are going to women
Only 1.6% of Americans’ charitable giving goes toward nonprofits helping women and girls Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-03  Authors: megan leonhardt
Keywords: news, cnbc, companies, women, nonprofits, charitable, organizations, giving, helping, billion, womens, dedicated, goes, report, total, americans, younger, girls


Only 1.6% of Americans' charitable giving goes toward nonprofits helping women and girls

Americans are incredibly generous when it comes to opening up their pockets for worthy causes. But a new report finds that philanthropic support wanes when it comes to nonprofits dedicated to addressing breast cancer, childhood malnutrition, female entrepreneurship and domestic violence — in other words, women’s issues.

Americans gave $6.3 billion to nonprofits focused on women and girls in 2016, according to a comprehensive report released Thursday from the Women’s Philanthropy Institute. The Institute identified 45,000 organizations registered in the U.S. that it deemed “dedicated to serving primarily women and girls” or closely-associated causes such as domestic violence, Tessa Skidmore, the project manager for the report, tells CNBC Make It.

That includes organizations such as the Planned Parenthood Federation of America, the Susan G. Komen Breast Cancer Foundation, the National Women’s Law Center and YWCA chapters around the country.

And while $6.3 billion may sound like a substantial level of funds, it actually only represents about 1.6% of the total charitable giving Americans put forward in 2016. To put that in perspective, Americans gave a total of $396.5 billion that year, with the biggest chunk, $123.8 billion, earmarked toward religious organizations.

“There is a lack of investment in women and girls in this country,” says Teresa Younger, president and CEO of the Ms. Foundation for Women. “The Women’s March and some of these other movements are heightening a conversation, but I’m not sure how that’s trickling down to the small grassroots orgs that are doing the work within their communities.”

Younger, who tells CNBC Make It that she lives this reality everyday, notes there needs to be “intentional support” of the organizations that have been put in place to help lift up, empower and build the power of women and girls. And not just in the health-care sector, which WPI found received the biggest chunk of the total funding directed toward women and girls.

Yet even though so few dollars are going to women and girls, nonprofits are still able to have significant impact, Younger says. About 71% of nonprofits dedicated to women and girls have budgets of less than $50,000 — and that includes staff wages and benefits. The report speculates this may be due to a heavy reliance on volunteers, but Skidmore says more research is needed.

“In most cases, usually women are running very efficient organizations and paying themselves and relying on the kindness of their communities to allow them to do the work that needs to be done,” Younger says.


Company: cnbc, Activity: cnbc, Date: 2019-10-03  Authors: megan leonhardt
Keywords: news, cnbc, companies, women, nonprofits, charitable, organizations, giving, helping, billion, womens, dedicated, goes, report, total, americans, younger, girls


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Apple would have paid $1.4 billion more last year under Sanders’ income inequality tax plan

Senator Bernie Sanders (I-VT), speaks at the 2019 National Action Network National Convention in New York, April 5, 2019. Bernie Sanders’ proposed inequality tax plan, which would levy a new tax on companies whose CEOs earn more than 50 times as much as their average employee, mostly bypasses tech companies, which pay high salaries. Because the company has a relatively large base of retail store employees who are not paid as much as engineers or typical tech employees, CEO Tim Cook makes more th


Senator Bernie Sanders (I-VT), speaks at the 2019 National Action Network National Convention in New York, April 5, 2019. Bernie Sanders’ proposed inequality tax plan, which would levy a new tax on companies whose CEOs earn more than 50 times as much as their average employee, mostly bypasses tech companies, which pay high salaries. Because the company has a relatively large base of retail store employees who are not paid as much as engineers or typical tech employees, CEO Tim Cook makes more th
Apple would have paid $1.4 billion more last year under Sanders’ income inequality tax plan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: matt rosoff, https, wwwlinkedincom in mattrosoff
Keywords: news, cnbc, companies, total, tech, tax, billion, companies, paid, inequality, employees, income, times, average, ceo, plan, 2018, sanders, apple


Apple would have paid $1.4 billion more last year under Sanders' income inequality tax plan

2020 Democratic presidential candidate and U.S. Senator Bernie Sanders (I-VT), speaks at the 2019 National Action Network National Convention in New York, April 5, 2019.

Bernie Sanders’ proposed inequality tax plan, which would levy a new tax on companies whose CEOs earn more than 50 times as much as their average employee, mostly bypasses tech companies, which pay high salaries.

With one big exception: Apple.

Because the company has a relatively large base of retail store employees who are not paid as much as engineers or typical tech employees, CEO Tim Cook makes more than 200 times the average Apple employee’s salary.

Specifically, the company reported approximately 132,000 employees at the end of its 2018 fiscal year, which ended Sept 30, 2018. Of those, about 70,000 work in its retail stores, according to Bloomberg.

The company’s proxy statement from its 2018 fiscal year reveals, “The 2018 annual total compensation of our CEO was $15,682,219, the 2018 annual total compensation of our median compensated employee was $55,426, and the ratio of these amounts is 283 to 1.” All public companies are required to reveal this ratio in SEC filings.

Under Sen. Sanders’ proposal, companies whose CEO makes more than 200 times the average employee’s salary would have an additional 2% tax levied on them. Apple’s effective tax rate was 18.3% on taxable income of $72.9 billion. Bumping that up another 2% would have meant an additional $1.4 billion payout.


Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: matt rosoff, https, wwwlinkedincom in mattrosoff
Keywords: news, cnbc, companies, total, tech, tax, billion, companies, paid, inequality, employees, income, times, average, ceo, plan, 2018, sanders, apple


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Here’s why professional gamer Jake Lyon saves 65% of his salary

Jake Lyon is a professional player in the Overwatch League for the Houston Outlaws. After studying economics in college, and dropping out a few credits short of his degree, Lyon decided to switch career paths and became a professional gamer. Overwatch is a team-based shooter video game developed by Blizzard Entertainment. While Lyon doesn’t disclose his specific salary, he says that it’s strong relative to other contracts in the league. Check out Ryan Serhant of ‘Million Dollar Listing’: 4 quest


Jake Lyon is a professional player in the Overwatch League for the Houston Outlaws. After studying economics in college, and dropping out a few credits short of his degree, Lyon decided to switch career paths and became a professional gamer. Overwatch is a team-based shooter video game developed by Blizzard Entertainment. While Lyon doesn’t disclose his specific salary, he says that it’s strong relative to other contracts in the league. Check out Ryan Serhant of ‘Million Dollar Listing’: 4 quest
Here’s why professional gamer Jake Lyon saves 65% of his salary Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-29  Authors: noah higgins-dunn
Keywords: news, cnbc, companies, video, jake, professional, salary, lyon, heres, gamer, game, ventures, saves, million, variety, league, total


Here's why professional gamer Jake Lyon saves 65% of his salary

Jake Lyon is a professional player in the Overwatch League for the Houston Outlaws. After studying economics in college, and dropping out a few credits short of his degree, Lyon decided to switch career paths and became a professional gamer.

Overwatch is a team-based shooter video game developed by Blizzard Entertainment. The game has a professional league, which offers a variety of benefits to its players, including a base salary of $50,000, up to $5 million in total prize pool money in 2019, heath care and retirement plans. While Lyon doesn’t disclose his specific salary, he says that it’s strong relative to other contracts in the league. Instead of spending his earnings, however, he saves 65% of it.

Check out Ryan Serhant of ‘Million Dollar Listing’: 4 questions to ask before you buy a home via Grow with Acorns+CNBC.

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.


Company: cnbc, Activity: cnbc, Date: 2019-09-29  Authors: noah higgins-dunn
Keywords: news, cnbc, companies, video, jake, professional, salary, lyon, heres, gamer, game, ventures, saves, million, variety, league, total


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