Officials in Colorado said Sunday that an 80-year-old woman is missing and presumed dead after her home was washed away by the Big Thompson River. (September 15)
By Amanda Cooper LONDON (Reuters) - Oil edged up on Monday, as investor optimism over the effectiveness of producer cuts encouraged record bets on a sustained price rise, although growing U.S. output and stubbornly high stockpiles kept
Perhaps the best time to change up your career is when you're near its end. Close to one in five individuals aged 65 and over continues to punch the clock every day, according to the Pew Research Center. Meanwhile, more than half of Americans ages 50
Tax breaks aren't just for the wealthy. The IRS has many tax benefits that are aimed at those of more modest means, but many people miss out without even realizing they could take advantage of opportunities to cut their tax bill in April. The following three tax breaks are tailor-made to give the biggest benefits to those who make less than $50,000, and they can make a big difference come tax time. 1. Earned Income Tax Credit For those who work and have modest incomes, the Earned Income Tax Credit can provide one of the biggest tax credits available under current law. Exactly how much you can get depends on how much you make, what your filing status is, and whether you have any children. As you
Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B), the conglomerate led by Warren Buffett, has delivered strong returns for investors lately, with shares up 30% over the past year. As impressive as this is, some of Berkshire's stocks have doubled, or even tripled that return. Here's a look at Berkshire's five best-performing stocks of the past year, and why they performed so well. Why did these stocks do so well? First of all, the reason that most of these stocks (and Berkshire itself) have performed so well over the past year is because last February was a particularly turbulent time for stocks that included a large market drop (the low point in the chart below). And now we're at or near record highs
Apple's (AAPL) market cap is surprisingly only 40% away or so from reaching $1 trillion. Don't laugh, the milestone could very well happen. Shares of the tech giant have been on a tear lately amid expectations for a blowout iPhone 8 unveiling, which is expected later this year. Also helping power the stock was a solid holiday quarter and expectations around President Trump enacting a tax holiday, which would be great for Apple as it holds more than $246 billion in cash overseas. Some of that repatriated cash could be used for sweeter dividends and stock buybacks. But as myself and TheStreet's Scott Gamm discussed on Friday, several things need to happen before Apple's market cap can reach
Twelve employees of a Tulsa-area restaurant are without a job after skipping work on the "Day Without Immigrants."
There ain't no party like a new-airplane party, which is just what happened Friday when Boeing introduced its newest commercial aircraft, the 787-10. The rollout, as these events are called, occurred at Boeing's factory in Charleston, South Carolina, which opened just over three years ago. President Donald Trump and South Carolina Governor Henry McMaster attended as thousands of the plant's employees greeted the aircraft. The 787-10 is the third version of Boeing's 787 Dreamliner, which first started flying passengers in 2011. Like its siblings, the aircraft is made of composite materials and characterized by high fuel efficiency, a blunter nose and sharply swept wings. But at 18-feet (5.5 meters)
Janet Yellen knows why the stock market has been on a record tear. The chairwoman of the Federal Reserve on Feb. 15 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. Read: Stock indexes close at records as Dow extends winning streak 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
Since the Affordable Care Act became law in 2010, making the math work has been a real challenge. For Obamacare to be sustainable, the insurance "risk pool" equation has to work. "I think it was flawed," former Aetna (NYSE: AET)CEO Ronald Williams told CNBC's On The Money in an interview.
Shares in SoftBank Group Corp (9984.T) rose nearly 3 percent in morning trade on Monday after a Reuters report that the Japanese company is prepared to cede control of Sprint Corp (S.N) to T-Mobile US Inc (TMUS.O) to clinch a merger of the two U.S. wireless carriers. SoftBank is expected to approach T-Mobile parent Deutsche Telekom AG (DTEGn.DE) for negotiations when an ongoing auction of airwaves ends in April and a ban on talks between rivals is lifted, people familiar with the matter told Reuters. A potential deal could bolster SoftBank's shift towards what billionaire founder Masayoshi Son calls the "Berkshire Hathaway of the tech industry," or a company with cutting-edge tech investments as the telecoms services markets mature.
The U.S. dollar (STOXX: .DXY) finished the week just barely positive, and some strategists see the greenback heading lower as political uncertainty mounts. Federal Reserve Chair Janet Yellen's fairly hawkish remarks in a press conference Wednesday failed to boost the dollar, which the next day saw its largest one-day drop in over two weeks. In her two-day semi-annual testimony on monetary policy before the House Financial Services Committee, Yellen reiterated that the Federal Reserve still expects to raise its federal funds rate target three times this year.
A New Zealand court ruled on Monday that internet entrepreneur Kim Dotcom could be extradited to the United States to face charges relating to his Megaupload website, which was shutdown in 2012 following an FBI-ordered raid on his Auckland mansion. The Auckland High Court upheld the decision by a lower court in 2015 on 13 counts, including allegations of conspiracy to commit racketeering, copyright infringement, money laundering and wire fraud, although it described that decision as "flawed" in several areas. Dotcom's lawyer Ron Mansfield said in a statement the decision was "extremely disappointing" and that Dotcom would appeal to New Zealand's Court of Appeal.
Investors in their 60's should start to favor low-risk stocks that offer up big dividend payouts. Below are three stocks -- Waste Management (NYSE:WM), United Parcel Service (NYSE:UPS), and Welltower (NYSE:HCN) -- that perfectly fit that description. One man's trash... The waste-management sector is a terrific place to find low-risk stocks. Most trash haulers operate mini-monopolies since it makes no sense to send multiple garbage trucks down the same streets. That's because trash is quite heavy and holds almost no economic value. That fact gives any company that owns a fleet of trucks and landfills that are close to populated areas a dependable stream of income. Given those industry dynamics,
Oclaro, the optic components maker has just hit a new multi-year high on Friday. Shares touched a 5-year high of $11.09 per share intraday before closing at $11.02 per share, up 2.3% on the day and 16.1% for the week. A few weeks ago, after Oclaro had reported earnings for its December quarter (FQ2:17) which beat estimates and raised guidance for the current quarter and for the rest of fiscal 2017, shares slipped 4.5% the next day to $9.45 per share. Since then the shares have been inching higher almost daily and should continue to do so given the current undervaluation even from a worst-case point of view. The company reported earnings on January 31 for the quarter ended December 31, 2016 which
Saudi Foreign Minister Adel al-Jubeir speaks about U.S. President Donald Trump, Iran and the price of oil, followed by analysis from CNBC's Hadley Gamble.
Let's cut through all that noise and see where the headwinds and tailwinds could propel Under Armour over the next year. The headwinds facing Under Armour Under Armour is becoming increasingly dependent on footwear, exposing it more heavily to 800-pound gorillas like Nike and Adidas, which have much higher marketing budgets. To keep pace with those rivals, Under Armour must spend more on marketing and sponsors. But to sell more shoes, it has to reduce prices -- which puts tremendous pressure on its operating margins. To make matters worse, Under Armour manufactures nearly all of its products overseas, but generated 83% of its sales from North America in 2016. This could become a major headwind
Pioneer Natural Resources (NYSE:PXD) has long believed that it's sitting on one of -- if not the -- biggest oil fields in the world. In fact, so much low-cost oil saturates the rocks beneath the land it controls in the Permian Basin of western Texas that the company recently unveiled a bold decade-long plan to develop this resource. What's remarkable about that plan is that the production from new wells will fuel more than 20% annual cash flow growth over the next 10 years even if oil prices don't budge. That's elite-level cash flow growth that, according to an analysis by JPMorgan, only 15 companies have eclipsed over the past decade. Among those cash flow growth kings were tech giants Apple (NASDAQ:AAPL),
Want to improve your credit score? The two big consumer credit scoring companies are FICO, whose scores are most commonly used in lending decisions, and VantageScore, a company created by the three major credit bureaus (Equifax, Experian and TransUnion) whose scores have been gaining ground among lenders. The most influential factor in your credit score is your payment history, so staying on top of bills is crucial.
China will suspend all imports of coal from North Korea starting Feb. 19, the country's commerce ministry said in a notice posted on its website on Saturday, as part of its efforts to implement United Nations sanctions against the country. The ministry did not say why all shipments would be suspended, but South Korea's Yonhap news agency reported last week that a shipment of North Korean coal worth around $1 million was rejected at Wenzhou port on China's eastern coast.
This undesirable outcome is triggered by a recent price hike announced by Walt Disney Co (NYSE: DIS) for its Magic Kingdom at Disney World–Orlando. Disney reportedly announced a price hike for a one-day ticket to the Magic Kingdom to $107, $115 or $124, depending on the season.
Things are looking shakier by the day for Bass Pro Shops' $5.5 billion acquisition of Cabela's (NYSE: CAB). Hedge funds that bet on the probability of deal closing, known as merger-arbitrage, are trading the deal at prices that would indicate a 40 percent
The purpose of an IRA is to provide an income stream during retirement, and while there are certain situations that allow you to take early withdrawals without incurring a penalty, you'll need to think long and hard before tapping your account prematurely. Here, we'll review some key IRA withdrawal rules so that you can develop a strategy for accessing your money. Roth versus traditional IRA withdrawals Distribution rules vary greatly between Roth and traditional IRAs, so the type of account you have will impact your withdrawal strategy. Traditional IRAs are funded with pre-tax dollars, but in exchange for that initial tax break, you must leave your money in your account until age 59 1/2. Otherwise,
Here are some companies that reported notable insider buying last week. The share prices ranged from $29.18 to $29.86, and the total for the four buys was a stunning $29 million. The shares ended trading last Friday at $29.91, in a 52-week trading range of $16.75 to $30.16.
Whether you're pocketing a bonus check or reveling in your newly received tax refund, landing an extra $1,000 is certainly cause for celebration. But before you go out and spend that cash all at once, here are 10 ways to put it to better use. 1. Start or pad your emergency fund A new GoBankingRates study reveals that 69% of Americans have less than $1,000 in savings, while 34% have no savings at all. Given that the typical household should have three to six months' worth of living expenses on hand at all times, most folks clearly have some catching up to do. If you're behind on emergency savings, the most important thing to do with your newfound money is to stick it right in the bank. 2. Pay
Finding a company with a long track record of consistent dividend payments is only part of the winning formula for investing in dividend stocks. It's an opportune time to target dividend growers, according to Heidi Richardson, an investment strategist for BlackRock. Identify reliable dividend stocks by concentrating on the Dividend Aristocrats, 50 companies in Standard & Poor's 500-stock index that have hiked their dividends every year for at least 25 consecutive years.