Fire tears through apartment complex in North Carolina
Fire tears through apartment complex in North Carolina
Costco is expected to raise its membership fees by nearly 10% in the next couple of months. The warehouse chain's fees will most likely increase by $5, to $60, for its basic membership and by $10, to $120, for its executive membership, according to UBS analyst Michael Lasser. The fee hike could be announced Thursday along with the company's second-quarter earnings report, though it is more likely to come in the third quarter, Lasser wrote in a research note published Monday.
Warren Buffett just fired a warning signal for the entire retail industry, and especially for Walmart. In an interview with CNBC's Becky Quick on Monday, Buffett called retailing "too tough" and warned against investing in the industry. "That is a tough, tough, tough competitive force," Buffett said, referring to Amazon.
Giving two weeks is a pretty standard practice when employees move on from their current job. While most people quickly Google "two-week notice letter" and follow a pretty standard form, this guy decided on a different method.
Amit Singhal, the well-funded transportation company’s senior vice president of engineering, is out. Uber CEO Travis Kalanick asked Singhal to resign Monday morning, according to Recode. Singhal is stepping down from his post after Uber execs were alerted about sexual harassment allegations that the engineer faced in his time at .
The unlimited plan will now cost $90 per month, starting Thursday, for a single smartphone line, a $10 price cut from its previous plan, AT&T said in an e-mail. Customers can also subscribe to AT&T's video service plans such as DirecTV and DirecTV Now for a slightly higher rental, but will also get a $25 video credit, the company said. Verizon Communications Inc (VZ.N) earlier this month unveiled an $80 unlimited plan, its first such offer in more than five years.
Although President-elect Donald Trump has pledged to cut federal taxes, state taxes are rising across the U.S. as financially strapped states search for funds to repair deteriorating infrastructure and close widening budget shortfalls. Alaska currently has no income or state sales tax. Raising existing state taxes or imposing new ones could backfire if they lead to fewer taxpayers.
The single most common complaint I've heard about Windows 10 is its lack of control over update timing. That's annoying enough for monthly security updates, which typically take just a few minutes to install. But when a feature update (the new name for major version upgrades that now arrive twice a year) kicks off its installation without warning, it can render the PC unusable for an hour or more. In two previous feature updates, Windows 10 added options to defer the installation of updates and to pause them temporarily. These settings were primarily aimed at enterprise admins, however, with the most useful options requiring changes to Group Policy. The Windows 10 Creators Update, due for release
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
Janet Yellen knows why the stock market has been on a record tear. The chairwoman of the Federal Reserve earlier this month offered up a pretty clear explanation for investors’ recent elation over equities in her testimony in front of the House Financial Services Committee. “I think market participants likely are anticipating shifts in fiscal policy that will stimulate growth and perhaps raise earnings,” Yellen said, responding to a question about what is behind the markets' meltup. That description is what most on Wall Street refer to as the Trump rally. That is a revival of so-called animal spirits inspired by expectations that President Donald Trump will unfurl a host of pro-business policies,
A common mistake income investors make is chasing high yield stocks. While it's important for a dividend stock to offer a decent yield, it's more important to check if that dividend is supported by healthy earnings and free cash flow growth. Mattel Mattel's forward yield of 5.8% looks tempting, but a closer look indicates that dividend could be cut soon. The toymaker spent 145% of its earnings and 225% of its free cash flow on dividends over the past 12 months -- which isn't sustainable unless those figures rise substantially this year. Analysts expect Mattel's revenue to rise just 6% this year, due to tough currency headwinds, waning sales of its Monster High dolls, and its loss of the Disney
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
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,"
Because federal tax law reaches deep into all aspects of our lives, it's no surprise that the rules that affect us change as our lives change. Being alert to the rolling changes that come at various life stages is the key to holding down your tax bill to the legal minimum. When you turn 65, the IRS offers a gift in the form of a bigger standard deduction.
Valeant Pharmaceuticals will report earnings on February 28, and analysts up and down Wall Street remain skeptical that the company can get back on its feet after a nightmarish run. In 2017, we expect Valeant will try to distance itself from the reality of its current business and current business trends. In our experience, management teams that try to do this usually talk about being excited for non-specific things like pipeline opportunities that are a year or two away, or talk about the number of launches in a given year but not their sales potential, or talk about investing in the launches to justify larger than expected spending for the promise of unattainable peak sales at some far distant time.
On its face, Kinder Morgan (KMI) seems to be struggling. Warren Buffett exited his position in the energy infrastructure company. A regulatory probe is under way. And the company reported lower-than-expected revenues in eight of the last ten quarters. Unsurprisingly, the stock is down 4.5% since it reported an earnings and revenue miss on Jan. 18. However, not all is lost. The company has begun talks to raise capital for its ambitious Trans Mountain project. Besides, the low expectations for the stock are setting it up for double-digit growth even if you exclude the 2.35% dividend yield. Kinder Morgan's $40 billion of debt has scared many investors away. But for companies that manage energy infrastructure
Feb.27 -- President Donald Trump discusses the complicated nature of health care reform and why the issue needs to be handled before his administration can tackle tax reform. He spoke before the National Governors Association.
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.
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.
Hopes were high for MannKind (MNKD) when its inhaled insulin Afrezza was approved by the FDA more than two years ago. At the time, Barron’s warned that it was time to dump MannKind’s shares, something that now seems prescient, as its shares have since tumbled 95%. No wonder, as the news since then has been far from good. MannKind found a partner in Sanofi (SNY), only to get dumped in early 2016, and has since been forced to sell property to raise cash. And now MannKind could be on the verge of being delisted from the Nasdaq due to its sub $1 stock price. What now? Piper Jaffray’s Joshua Schimmer and team see a reverse stock split in MannKind’s future: [MannKind] has been focused on ‘relaunch’
Fear is high that a Frontier Communications Corp (NASDAQ:FTR) dividend cut is coming. It’s price is down, it’s yield (12.4%) seems unsustainably high, and short-interest is among the highest in the S&P 500. However, to a large extent, Frontier does have the ability to control its cash flows and sustain its dividend in the near- and mid-term. The real challenge is that Frontier’s business exists in an anemically eroding marketplace. And if you are attracted to Frontier because of its big dividend yield, then you may want to consider the bonds instead. Many of Frontier’s high-yield bonds offer big interest payments, and they’re far safer than the stock (plus the bonds might get a nice price bump
Billionaire investor Warren Buffett said Wells Fargo (WFC) should have nipped its problems in the bud when it had the chance. "They made a huge mistake. The huge mistake wasn't necessarily the dumb incentive system," Buffett told CNBC's "Squawk Box" in a wide-ranging interview.
All 30 pay dividends, too, and that steady income can beef up total returns during markets both good and bad. Any stock carries risk, of course, but it's fair to say that as a group Dow stocks are among the more reliable names that investors can buy. There are eight stocks in the Dow that have taken the concept of reliability to a whole new level when it comes to dividends.
Membership fee hikes could be coming to Costco (COST) very soon. In a research note published on Monday, UBS analyst Michael Lasser said the firm continues to believe a membership fee hike is coming from the wholesale club this year, most likely in the second quarter. Lasser first laid out the case for higher fees from Costco at the beginning of the year.
Berkshire Hathaway Chairman Warren Buffett doesn't often invest in airlines. According to the legendary investor, the capital-intensive nature of the business and frequent bankruptcies have made airlines a tough buy. In an interview with CNBC on Monday, Buffett called the industry a "disaster for capital" and said the glamor of airlines makes them attractive for investors.