Posts by Lauren Lyster
- Lauren Lyster at Yahoo Finance1 day ago
Rewind a few years and Greece was drawing daily headlines for its debt crisis, riots, austerity measures and bailouts, with worries about a disorderly default and eurozone exit abounding. Though Greece has receded from international headlines, it has had to continue to move forward after losing 25% of its GDP since 2008, while facing difficult reforms, and indications from officials have been that the economy has stabilized. A recent trip there gives a snapshot of how the country is doing, through the eyes of a tourist.
- Lauren Lyster at Yahoo Finance2 days ago
Fast-food workers and labor groups agitating on their behalf may have just won a minor battle in the war for higher wages.
The National Labor Relations Board ruled on Tuesday that McDonald's (MCD) could be held jointly liable for labor and wage violations by its franchises.
Related: Corporate raiders make a return
According to The Wall Street Journal, this move makes companies like McDonald's more vulnerable to campaigns by labor groups and workers for higher wages and improved conditions. We've seen ongoing fast-food worker protests where activists have called for a $15 wage. The national minimum wage is currently $7.25.
The impact could go beyond McDonald's (where franchises account for 90% of the company's 14,000 U.S. restaurants) and affect fast-food chains like Wendy's (WEN) and Burger King (BKW), which have been selling their restaurants to franchise owners.
- Lauren Lyster at Yahoo Finance3 days ago
The growth in home prices slowed sharply in May, according to S&P Case-Shiller housing data released Tuesday.It was the lowest year-over-year growth rate since February of 2013.
The home price index covering 20 cities increased 9.3% in May, lower than the 9.9% analysts were expecting and down from a 10.8% yearly pace in April.
Doug Duncan, chief economist for Fannie Mae, is not surprised. Duncan expected home price appreciation in 2014 to slow to about half of what it was in 2013, which he says appears to be happening. He pins it on a slowdown in demand, due to a mortgage rate increase that began a little over a year ago. Rates have risen more than a full percentage point as a result of the anticipation of Federal Reserve tapering of bond buying and the subsequent start of that process.
- Lauren Lyster at Yahoo Finance4 days ago
A recent study from the S.&P. Dow Jones Indices found that only two stock mutual funds out of 2,862 were consistent top performers year after year, five years in a row, relative to peers. Craig Hodges, president of Hodges Capital Management, manages one of them -- the Hodges Small Cap fund-- and gave us his market outlook in the video above.
- Lauren Lyster at Yahoo Finance7 days ago
President Obama in a speech this week called for "economic patriotism." He's decrying US companies that set up or buy a company in another country to take advantage of that country's lower corporate tax rate. The tactic is called a corporate inversion, and billionaire investor Marc Cuban is up in arms about the strategy, too.
Cuban took a stand Friday on Twitter:
If I own stock in your company and you move offshore for tax reasons I'm selling your stock. There are enough investment choices here
When companies move off shore to save on taxes, you and I make up the tax shortfall elsewhere sell those stocks and they won't move
Look at your portfolio holistically.A corp move may push up the stock. it may push up your taxes Taxes r forever. #costdontleavethesystem
- Lauren Lyster at Yahoo Finance8 days ago
Has the airline industry become ... sexier? Well, consumers are able to fly roundtrip from Newark to Paris on an all-business-class Boeing 757 if they snag a special fare of $2,014 a couple, on a new airline called La Compagnie. It's one of a host of new commercial airline startups taking off, according to a report in The Wall Street Journal,even though the industry has been plagued by bankruptcies and other challenges.
- Lauren Lyster at Yahoo Finance9 days ago
A Tennessee city with fewer than 200,000 residentshas arguably become private cable companies' worst nightmare. How? The city of Chattanooga's public electric utility provides super-fast broadband Internet service to residents at competitive prices. Now, the utility -- the EPB -- is trying to expand its reach beyond city limits. Private sector telecom companies are fighting this effort and appear worried other cities will follow Chattanooga's lead.
To expand to more residents in a state where one in five are without Internet access, the EPB needs the Federal Communications Commission to preempt a statute that prohibits the utility from competing with private telecom companies outside its current market. David Sirota, senior writer at International Business Times, tells us in the video above telecom companies are trying to get the FCC to not to preempt this law.
- Lauren Lyster at Yahoo Finance10 days ago
It's a big week for earnings with some wins already notched by Wall Street overachievers like Chipotle (CMG).
When it comes to anticipating the losers, if history serves as a guide, there are three companies likely to miss analysts' adjusted earnings expectations. Only four companies in the S&P 500 have missed these expectations for the last four consecutive calendar quarters (one has already reported for Q2), according to a USA Today analysis.
- Lauren Lyster at Yahoo Finance11 days ago
Want a Netflix-type (NFLX) service for books or your closet? Well, companies have recently announced both.
Amazon (AMZN) Friday unveiled a digital subscription service offering unlimited e-books and audiobooks for $10 a month, called Kindle Unlimited. The service will give subscribers access to some 600,000 e-books; however, none of the biggest five publishers appear to be taking part, according to the New York Times.
- Lauren Lyster at Yahoo Finance23 days ago
A new private jet is taking to the skies as part of a fleet of 700 that Warren Buffett calls his own…well not exactly his own.
Buffett’s company Berkshire Hathaway (BRK-B) owns NetJets, which allows people to buy shares of a private jet or lease them, or buy some flying time. A recent unveiling of one of their new planes gave Yahoo Finance the opportunity to see firsthand what this luxury enjoyed by the rich and famous is like.
Describing the service, NetJets CEO Jordan Hansell tell us, “It’s not inexpensive. It’s something you’ve got to be prepared to take on, but when people do, they describe it as something they would never give up.”
That could also be why, as commercial airlines step-up premium services, with even low cost carrier Jet Blue (JBLU) getting into that game adding a new class called “Mint” on some flights, Hansell doesn’t see them as competition.