Four brothers; Mark, Isaiah, Adam and Jacob have been living separately and are longing for one thing to be adopted together.
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.
Warren Buffett's Berkshire Hathaway is out with its annual letter to shareholders. "Over the years, I’ve often been asked for investment advice, and in the process of answering I’ve learned a good deal about human behavior," Buffett said in the letter.
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.
GPS device-maker Garmin long has revered diversity in its workforce, even when the locale of its ever-sprawling operational headquarters — a largely white Kansas City suburb — didn't reflect it. It's the place 32-year-old Srinivas Kuchibhotla came to work a few years ago. By his wife's account Friday he willingly spent long hours on an aviation systems engineering team alongside Alok Madasani, a friend and colleague also 32 and from India.
The Great Restructuring in retail continues. In the wake of a disappointing holiday season, J.C. Penney (JCP) said Friday it will close 130 to 140 stores by the second quarter. The store closures represent 13% to 14% of the company's current store base and less than 5% of annual sales. They have a negligible impact on net income. J.C. Penney said same-store sales at the locations were "significantly below" the remaining store base and operate at a much higher expense rate due to poor productivity. The company expects $200 million in annual costs savings from the efforts. "We believe closing stores will also allow us to adjust our business to effectively compete against the growing threat of
Plus, the first day of every month, a specific amount from my checking account is sent directly to my Roth IRA and my Ally high-interest savings account. Since my savings goals are taken care of each month — along with my fixed costs, such as rent and insurance — I feel free to spend the rest of my paycheck as I please. My system is a seemingly well-oiled machine: At the end of the day, I cover my expenses and set aside enough to hit my savings goals.
Perhaps the most surprising outcome from rising gas prices is just how well pickup trucks are holding on to their value. Way back during the financial crisis as fuel prices soared, American consumers began switching from their preference for pickups and SUVs to gas-sipping smaller cars, causing headaches for the big-vehicle makers. With gas prices in the $4-per-gallon range at the time, Ford (NYSE:F) began slashing production of its once-popular F-series pickups and SUVs in favor of more fuel-efficient cars and crossovers. We're thankfully not returning to those days any time soon, but gas prices are still appreciably higher today than they were a year ago. According to AAA, the average price
As Republicans try to unite around a replacement for the Affordable Care Act, one of the most popular parts of the law will be among the most difficult to replace: the guarantee of health coverage for people with pre-existing conditions. The challenge of providing insurance for Americans who have no other alternative has some congressional Republicans considering whether to ask the states to reboot high-risk pools, an option with a rocky history. In the past, the pools served as insurers of last resort for people in poor health who could not get an individual policy from a commercial insurer.
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
After more than two years of stagnant performance, Boeing (NYSE:BA) shares have taken off in the past year. Indeed, Boeing stock has more than doubled the S&P 500's rise with a 50% gain during that period. The vast majority of the increase has occurred since September. On Thursday, Boeing reached another all-time closing high of $176.86. Yet while the stock is flourishing, the underlying business is no better than it was a year ago. As a result, I sold about half of my Boeing stock last week. Boeing faces some headwinds Three years ago, demand for Boeing's planes was buoyant. However, since then, the sharp drop in oil prices has made airlines less desperate to upgrade their fleets with the newest,
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
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.
“Today, I would rather prep for a colonoscopy than issue Berkshire shares,” writes Warren Buffett in his latest letter to Berkshire Hathaway (BRK-A, BRK-B) shareholders. “I earlier described our gradual shift from a company obtaining most of its gains from investment activities to one that grows in value by owning businesses,” Buffett writes. “Launching that transition, we took baby steps — making small acquisitions whose impact on Berkshire’s profits was dwarfed by our gains from marketable securities.
The U.S. Army Corps of Engineers has moved into the evacuated Dakota Access pipeline protest camp to finish the cleanup started weeks ago by the Standing Rock Sioux Tribe. A Florida-based company has been hired to provide trash removal and environmental cleanup in the main Oceti Sakowin camp on the north side of the Cannonball River and the smaller Rosebud camp on the south side. Authorities this week cleared the last holdouts from the camp near the Standing Rock Reservation, which straddles the North Dakota and South Dakota border.
Chesapeake Energy Corp. was upgraded Friday at UBS, which said the oil-and-gas company’s stock had fallen too far to remain bearish on its prospects. The stock CHK, -1.57% rose 1.8% in active morning trade. With recent volume of 20.6 million shares, which was already more than half the full-day average of 36.1 million shares, the stock was the eighth-most actively traded on the major U.S. exchanges. On Thursday, the stock had tumbled as much as 9.1% in intraday trade, before closing down 2.9% at a three-month low of $5.75, in the wake of fourth-quarter results. UBS analyst William Featherston said he raised his rating on Chesapeake to neutral, after being at sell since June 24, 2015, because
“Bob’s a slow learner,” my instructor says after I tell him why I’m taking his class. The class, FP103 — Investments — is one of seven I must complete before I sit for the Certified Financial Planner exam. And the reason I told my instructor and fellow students — the reason I’m sitting in room 323B in Boston University’s College of Arts & Sciences building on Thursday evenings from 6 p.m. to 9 p.m. this semester instead of watching the Bruins or reading a biography of Abraham Lincoln or painting my daughter’s bedroom -- is that I plan to finish what I started in 1990. Yes, I plan to get my CFP. In my investment class, I’m one of 16 students, including a 20-something CPA, a 30-something business
Immigration and Custom Enforcement agents raided at least eight Asian restaurants in Mississippi on Wednesday, detaining 55 people — all of whom were undocumented restaurant employees. According to the Clarion-Ledger, agents executed search warrants at several locations of the Ichiban chain and two China Buffets in the cities of Flowood, Pearl, Meridian, and Jackson, the state’s capital and largest urban area. An ICE spokesperson did not specify the nature of the criminal search warrants.
Although the Federal Reserve has started to tighten interest rates, it's still hard to find investments providing a notable yield. But it isn't impossible if you look in the right places and are willing to take on a little extra risk. Royal Dutch Shell Plc (NYSE:RDS-B) and Buckeye Partners, L.P. (NYSE:BPL), with their 6.5%-plus yields, are perfect examples. Here's why you might want to take a look at these energy industry players that pay you to own them. Turning the corner Royal Dutch Shell, one of the world's largest integrated energy companies, made a $50 million bet while falling oil prices were crimping its top and bottom lines. It basically doubled down on liquefied natural gas via the
Greece's era of austerity is over, Greek Prime Minister Alexis Tsipras claimed Friday, as he painted a positive picture of the reforms his government has agreed to take after the bailout program ends in 2018. Speaking in parliament, Tsipras described the deal reached Monday as an "exceptional success" and said it showed the country's creditors accepted Greece's insistence that it could no longer bear further budget austerity.
A strategic mistake made six years ago by celebrity CEO Ron Johnson continues to haunt popular retailer JC Penney, as evidenced by the ongoing sluggish sales growth and store closings that have made the company smaller—a fraction of what it once was. Meanwhile, investors have been bailing out from the company’s stock, which trades in the middle single digits — a long way from the upper 30s, where it was trading back in 2012. JC Penney’s woes began with a change in the retailer’s pricing strategy –replacement of coupon sales with everyday low prices. The old pricing strategy has been popular among retailers, because it hypes shoppers, making them feel smart and encouraging them to talk with
Earlier this week, Apple's stock hit an all-time high of $136.68 and kept trending upwards from there. Friday's SEC filing does not mention Gore's stock sales being part of a so-called 10b5-1 plan, the trading plans that company insiders typically use to sell shares at regular, pre-determined intervals.
"For decades, Jack has urged investors to invest in ultra-low-cost index funds. In 1974, Bogle founded Vanguard Group, which transformed investing forever with the index fund. The index fund, which passively tracks a market index, allows ordinary people to invest in the stock market at much lower fees than in traditional, actively managed funds.
Recently, I published an article outlining common mistakes young professionals make when opening an IRA. I received feedback asking, once you’ve avoided those mistakes, and saved enough to max out your IRA contribution at $5,500, what’s the next step? After you’ve contributed to your IRA, the hardest part becomes understanding what to do with the money. Unfortunately, it will never be as simple as just putting $5,500 (or as much as you are able) into the account every year — if you don’t use that money to buy shares, the money will sit in cash in your IRA and never appreciate in value. This month, I was in the unique position of having $11,000 to buy new ETFs in my IRA, because I made my contributions
Warren Buffett’s annual letter to Berkshire Hathaway shareholders is out, and it’s full of wisdom from the Oracle of Omaha. In it, Buffett, the 86-year-old CEO of the company, offers his thoughts on American business and, by extension, the US stock market. “America’s economic achievements have led to staggering profits for stockholders,” Buffett writes.