Eric Schmidt, executive chairman of Google's parent company Alphabet, is worth an estimated $11 billion. While a significant amount his wealth comes from stock he received as Google's CEO, the billionaire credits a few personal finance strategies with helping build his net worth. This isn't the only piece of advice Schmidt has for professionals.
Kudos to Sears Holdings Corp. (SHLD) for finally admitting what everyone already knew: it's almost dead. As TheStreet broke the news on Twitter Tuesday evening, Sears indicated in its newly filed annual report that "substantial doubt exists related to the company's ability to continue as a going concern." For those clickbait-loving headline writers out there with no financial services training: what Sears essentially said is that yes, it's unsure if it could stay in business. Well, duh. Sears' cash position has melted from a high point of $1.7 billion for the 2009 calendar year to a mere $286 million to close out 2016. Revenue hasn't grown since the credit boom lifted all ships in retail in
It's been a fantastic 15 months for Advanced Micro Devices (AMD) . If you're among the investors who'd bought the then dead-beat chipmaker back in December 2015, you'd have made over 300% in this period--even as AMD beat quarterly earnings estimates, shrugged off balance sheet concerns and demonstrated liquidity improvement. Is it then time to take profits off the table? We'd recommend staying with the company. First, there is better visibility into Ryzen 7 and the imminent Ryzen 5 launch on April 11. While the Ryzen 7 series competes with Intel's (INTC) workstation and professional applications, it has received mixed reviews. AMD said it plans to launch four mainstream Ryzen 5 CPUs on April