Price target cut to $6 from $14.
Mikey: Put boots on the ground like the US has done many times before in the middle east. Then the bodybags come pouring in and the US pulls out again leaving things even worse then before. America will spend billions of US taxdollars on this while the families of America burry their sons and daughters.
WASHINGTON (AP) -- When Republicans say they want to lower taxes and get rid of loopholes to make up the lost revenue, they're talking about eliminating some very popular tax breaks enjoyed by millions of people. That's why making big changes to
United Airlines, which lost the distinction of being the world's biggest carrier after shrinking for several years, plans to regain lost ground by adding more flights from key airports this summer. The airline wants to upgrade facilities at key airports and trim the use of smaller planes on important business routes. If the expansion plans pan out, United could staunch slipping revenue numbers, which fell nearly 2 percent in the last five years, while revenue at industry leader Delta Air Lines Inc. rose 8 percent.
Amazon's (AMZN) Jeff Bezos is surely "cursing the sky" after Walmart (WMT) posted killer e-commerce growth in the fourth quarter on Tuesday, said Eric Schiffer, CEO of online marketing agency DigitalMarketing.com. Walmart said its sales from e-commerce gained a whopping 29%, helped by the $3.3 billion September acquisition of Jet.com, led by founder and CEO Marc Lore. Lore also founded Quidsi, the company behind Diapers.com and Soap.com, which was bought by Amazon in 2010 for $550 million. Lore stayed with Quidsi for roughly two years while under Amazon's control. "I think Amazon letting Marc go was the biggest mistake in history since Caesar let Mark Antony go to Egypt to be with Cleopatra,"
Is the dying Sears Holding Corp. (SHLD) back in growth mode? Apparently it's having visions that all is just fine and dandy. With little fanfare, Sears opened a full-service auto care facility called DieHard Auto Center Driven by Sears in San Antonio last week. The news of its debut was first reported by Automotive News. Similar to a Pep Boys, Sears' auto service stop provides oil changes, tire replacement and vehicle repairs and assessments. Unlike Sears Auto Centers, the Diehard Auto Center isn't attached to a Sears store or in a parking lot of one. In effect, the store may be nothing more than Sears trying to showcase the brand's potential. To raise cash last May, Sears put its three best-known
U.S. President Donald Trump's first budget proposal will spare big social welfare programs such as Social Security and Medicare from any cuts, Treasury Secretary Steven Mnuchin said in an interview broadcast on Sunday. Mnuchin said Trump would also use a major policy speech to a joint session of Congress on Tuesday night to preview some elements of his sweeping plans to cut taxes for the middle class, simplify the tax system and make American companies more globally competitive with lower rates and changes to encourage U.S. manufacturing. Trump during his election campaign promised not to cut Social Security, Medicare healthcare for seniors nor Medicaid healthcare for the poor.
It's not the easiest of task to find large biopharmaceutical companies with stocks trading at low valuations. But there are some relatively inexpensive alternatives out there. Teva Pharmaceutical (NYSE:TEVA), Mylan Pharmaceuticals (NASDAQ:MYL), and Gilead Sciences (NASDAQ:GILD) are three big pharma stocks that are ridiculously cheap right now. The main question for investors, though, is: Do these stocks deserve to stay in the bargain bin? Teva: Stock slumping amid a streak of bad news Teva's share price has fallen over 30% in the last 12 months. After this sharp decline, the drugmaker's stock trades at less than eight times forward earnings estimates. However, Teva faces some serious headwinds.
Berkshire Hathaway's Warren Buffett talks about his investment strategies. We are not in bubble territory with interest rates at his level, says Buffett.
By Lawrence Delevingne NEW YORK (Reuters) - Slowing sales could cause shares of Harley-Davidson Inc. (HOG.N) to decline after being on the rise for much of the past 12 months, according to a Barron's cover story dated Feb. 27.
Oil prices rose on Monday as investors showed record confidence in prices rising further, though gains were capped by the prospect of faster growth in U.S. oil production. Brent crude oil (LCOc1) rose 58 cents to $56.57 a barrel by 1433 GMT, while U.S. West Texas Intermediate (CLc1) added 47 cents to $54.46. Investors raised their bets on rising Brent crude oil prices to a new high last week, data from the InterContinental Exchange showed on Monday, breaking the 500,000-lot mark for the first time on record.
"Retirement is like a long vacation in Las Vegas. The goal is to enjoy it the fullest, but not so fully that you run out of money." -- Jonathan Clements Considering that many people retire (willingly or unwillingly) around age 62 and that many live to 85 and beyond, that leaves them more than 20 years (and sometimes more than 30!) in which they have to support themselves. Social Security will help, but most of us will also need additional income -- perhaps from our 401(k) plans at work. Here are three smart 401(k) moves that can boost your future net worth. Smart 401(k) move No. 1: Fill it with as much money as you can For starters, aim to invest aggressively in your 401(k) plan (perhaps in tandem
First came the executive order. On January 27, President Donald Trump signed an executive order barring refugees and immigrants from seven predominantly Muslim countries from entering the US. Before the day was over, Facebook's CEO had published a post denouncing the order.
It is unusual to say the least that a major company’s CFO informs the CEO that he will be leaving the company the day before an earnings announcement and that he will be resigning within a few days when its 10-K is filed (but staying on for about 5-6 weeks to “ensure a smooth transition”). In one way it is better that Jason Wheeler, Tesla’s resigning CFO, told Elon Musk before the company’s earnings were released so that an announcement could be made on the conference call. Wheeler’s resignation becomes effective with the company filing its annual 10-K and over the past three years this has been on February 26th twice and on February 24 so I expect it any day. While this is a good amount of compensation he was Tesla’s first CFO and was there from 2008 to last 2015 so I suspect he made more than enough money that this additional amount is very nice to have but not needed.
Yahoo Finance reached out to Mohamed El-Erian to get his take on today’s release. Spending part of a Saturday morning reading Warren Buffett’s annual letter to shareholders is one of my cherished traditions.
After more than a century, Ford Motor Company (NYSE:F) is on course for a dramatic transformation. CEO Mark Fields has a plan to position Ford for the new era of mobility in a way that could boost its profit substantially over time. With a dividend yield around 4.7% and a price of just over 7 times its adjusted 2016 earnings, Ford is already on some investors' radar as a value-priced dividend play. But if Fields' plan is for real, it could be a significant profit-growth story over the next several years as well. Is it? Let's take a look. Ford's plan to boost profits as the industry transforms Fields summed up the plan elegantly during Ford's fourth-quarter earnings call: Our plan is simple:
Samsung's product showcase Sunday is notable for what's missing: a new flagship phone. Instead, Samsung is spotlighting new Android and Windows tablets after delaying the Galaxy S8 smartphone — an indirect casualty of the unprecedented September recall of the fire-prone Note 7 phone . Consumers will have to wait at least a few weeks longer for details on Samsung's next major smartphone.
A trans-Atlantic wave of puzzlement is rippling across Sweden for the second time in a week, after a prominent Fox News program featured a "Swedish defense and national security advisor" who's unknown to the country's military and foreign-affairs officials. Swedes, and some Americans, have been wondering about representations of the Nordic nation in the U.S. since President Donald Trump invoked "what's happening last night in Sweden" while alluding to past terror attacks in Europe during a rally Feb. 18. There hadn't been any major incident in Sweden the previous night.
A new WSJ/NBC News poll released Friday shows a growing concern among Americans, and core-Trump supporters, over President Donald Trump's connections with Russian President Vladimir Putin. Photo: Press Pool/Kremlin
(Janet L. Yellen, Chair, Board of Governors of the Federal Reserve System, looks over her notes as she testifies before the United States Senate Committee on Banking, Housing, The Federal Reserve said January 22 it is worried about the "low level of
It has been about a month since the last earnings report for Bristol-Myers Squibb Company BMY. Will the recent positive trend continue leading up to the stock’s next earnings release, or is it due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. The company’s fourth-quarter 2016 earnings came in at $0.63 per share, missing the Zacks Consensus Estimate of $0.66 but increasing 66% from the year-ago period.
Wal-Mart launched the price test across 11 Midwest and Southeastern states such as Iowa, Illinois and Florida, focusing on price competition in the grocery business that accounts for 56 percent of the company's revenue, said vendor sources with direct knowledge of the matter who did not wish to be identified for fear of disrupting business relations with Wal-Mart. Wal-Mart's tests are aimed at finding the right price point across a range of products that will attract more shoppers, and then adjusting prices as needed. Spot checks by Reuters on a basket of grocery items sold by competing Aldi and Wal-Mart stores in five Iowa and Illinois cities showed Wal-Mart's bid to lower prices is already taking hold.
Walmart's (WMT) U.K. division, Asda, is a bit of a disaster right now. In fact, compared to its parent-company, the discounter is a downright calamity. Last week, Asda was ranked the worst grocery store in the country, according to consumer advocacy magazine Which?. Its online offering didn't fare much better. The grocery chain was seen as having good values in food but with only average quality. Meanwhile, privately-held Waitrose was the best place to buy food in Britain because of its quality and easy-to-navigate stores. Shoppers dislike for Asda is translating into shrinking sales and market share. The division, which boosts more than 600 stores across the U.K., was Walmart's worst-performing
On its latest conference call, Activision Blizzard (NASDAQ:ATVI) confirmed that Call of Duty: Infinite Warfare fell short of expectations, yet the company turned in a great quarter. The top video game publisher posted growth in revenue and earnings, and increased its annual dividend by 15%. What happened Reports surfaced in December that Activision Blizzard's latest Call of Duty installment -- Infinite Warfare -- was underperforming the year-ago title by as much as 50%. Those reports proved accurate, although we don't know exactly how many units Infinite Warfare sold because the company doesn't disclose that information. On the conference call, however, management explained that the new science
For most Americans, there's no purchase in their lifetime larger than buying a house. Despite the homeownership rate dropping to the lowest level in more than 50 years last year, a whopping 63% of Americans still own their homes as of July 2016. In many respects, homeownership is viewed as part of the American dream and a sign of financial success, and that ethos is unlikely to change anytime soon. However, the home-buying process is certainly different for everyone – and I'm not talking about the rigors of finding that perfect place to call home. What you might pay for your home compared to another individual or family could be heavily based on your credit report and credit score. How much can
For years, the Affordable Care Act (ACA) has been the health law of the land. Its requirement that everyone purchase health insurance or face of a penalty was the hallmark rule that likely coerced millions of healthy, but previously uninsured adults, to enroll. However, times are changing. President Trump made it very clear on day one in the Oval Office with his first executive order that the ACA, which is best known as Obamacare, is living on borrowed time. If Obamacare is soon to be no more, it leaves millions of Americans to once again examine their healthcare options to find what works best for them. Is a health savings account right for you? Though only one Republican Obamacare replacement
Shares of Nvidia Corp. plunged on heavy volume on Thursday, after two Wall Street analysts swung to rare bearish ratings on the graphics chip maker, citing concerns over valuation and a tempered outlook for gaming. Analyst Romit Shah at Instinet downgraded Nvidia to reduce from buy. Shah also slashed his stock price target to $90, which is 10% below current levels, after raising it to $100 from $80 just two weeks ago. BMO Capital analyst Ambrish Srivastava dropped his rating to underperform, after being at market perform for at least the last 2 1/2 years. He cut his stock price target to $85, or 15% below current levels, after raising it to $100 from $75 less than three weeks ago. Nvidia’s stock