Amber Rupinta has some easy ways to make sure you don't break the bank when it comes to holiday entertaining.
True Republicans R Gone: Trump has not divested his holdings nor has he released his promised tax returns. He is required by the US Constitution to divest to avoid profiting personally by his decisions and Trump has already obtained trademarks in China and Mexico. He applied in China for trademarks and was denied every year for almost a decade. Suddenly the TTP - only thing undermining the Chinese dominance in the China seas and Trump gets his way. Trump threatens Mexico and suddenly he gets his trademarks. This all has gone far enough!
Eric Schmidt, executive chairman of Google's parent company Alphabet, is worth an estimated $11 billion. While a significant amount his wealth comes from stock he received as Google's CEO, the billionaire credits a few personal finance strategies with helping build his net worth. This isn't the only piece of advice Schmidt has for professionals.
Kudos to Sears Holdings Corp. (SHLD) for finally admitting what everyone already knew: it's almost dead. As TheStreet broke the news on Twitter Tuesday evening, Sears indicated in its newly filed annual report that "substantial doubt exists related to the company's ability to continue as a going concern." For those clickbait-loving headline writers out there with no financial services training: what Sears essentially said is that yes, it's unsure if it could stay in business. Well, duh. Sears' cash position has melted from a high point of $1.7 billion for the 2009 calendar year to a mere $286 million to close out 2016. Revenue hasn't grown since the credit boom lifted all ships in retail in
After three decades building an airplane from scratch, Michimasa Fujino, 56, chief engineer of the Hondajet, might have to reach a ripe old age to see Honda Motor Co's pet aviation project recoup its development costs. Honda has declined to reveal the costs, but the automaker has been researching aircraft development since 1986, and Richard Aboulafia, vice president of analysis at aerospace consulting firm Teal Group, thinks it has likely spent roughly $1 billion on the jet program since the early 2000s - more than double the $400 million typical for similar jets. The company that gave the world the Honda Civic, which revolutionized compact cars in the United States in the 1970s, is betting its $4.5 million dollar, six-seater light business jet, the first aircraft developed by an automaker since World War Two, will expand the fuel-efficient private jet market.
Niki Lauda has hailed Valtteri Bottas's debut for Formula One world champions Mercedes as "incredible" and suggested the Finn's retired predecessor Nico Rosberg would have done no better. Bottas started and finished third in Sunday's season-opening Australian Grand Prix, with his team mate and triple champion Lewis Hamilton second behind Ferrari's race winner Sebastian Vettel.
Kudos to Sears Holdings Corp. (SHLD) for finally admitting what everyone already knew: it's almost dead. As TheStreet broke the news on Twitter Tuesday evening, Sears indicated in its newly filed annual report that "substantial doubt exists related to the company's ability to continue as a going concern." Sears' cash position has melted from a high point of $1.7 billion for the 2009 calendar year to a mere $286 million to close out 2016. Revenue hasn't grown since the credit boom lifted all ships in retail in 2006. The company hasn't generated cash flow from its operations since 2006. "With negative news like this, it's never good for confidence on the company," Moody's VP Christina Boni told
Microsoft has been sued in the US by three users who claim the free Windows 10 update destroyed their data and damaged their computers. The lawsuit filed at the Chicago's US District Court refers to Windows 10 as a defective product and alleges that Microsoft failed to provide adequate warning about the potential risks posed by Windows 10 installation. Microsoft has dismissed the claims, telling The Register: "The Windows 10 free upgrade program was a choice designed to help people take advantage of the most secure, and most productive Windows.
I’m Professor and Chair of the Department of Economics at LIU Post in New York. I also teach at Columbia University. I’ve published several articles in professional journals and magazines, including Barron’s, The New York Times, Japan Times, Newsday, Plain Dealer, Edge Singapore, European Management Review, Management International Review, and Journal of Risk and Insurance. I’ve have also published several books, including Collective Entrepreneurship, The Ten Golden Rules, WOM and Buzz Marketing, Business Strategy in a Semiglobal Economy, China’s Challenge: Imitation or Innovation in International Business, and New Emerging Japanese Economy: Opportunity and Strategy for World Business. I’ve traveled
Remember when Bristol-Myers Squibb (BMY) was getting hit so hard that everyone was wondering whether it would find itself acquired by another pharmaceutical, with Pfizer (PFE), Novartis (NVS), Gilead Sciences (GILD), and Roche mentioned as possible buyers? In a note released yesterday, Credit Suisse analyst Vamil Divan and team revisit the possibility of Pfizer taking over Bristol-Myers with their colleagues at the firm’s HOLT team…and find that it just might provide “an opportunity for value creation” after all. Overall, HOLT® suggests that an acquisition of BMY by PFE would have a positive impact on PFE’s return on capital profile when assuming industry average synergies for a deal of this nature.
During the height of the Great Recession, shareholders in bank stocks were taken for quite the ride. Bank of America (NYSE:BAC), which is one of the largest banks by deposits in the U.S., saw its shares dip by more than 90% from peak to trough. The company's acquisition of the troubled lender Countrywide Financial, coupled with numerous settlements with the Justice Department, really weighed on Bank of America's stock. However, times have changed, and BofA has done a complete 180. Since hitting its lows in 2009, Bank of America shares have rallied more than 500%, and practically all facets of the company's business are trending in a positive direction. In many ways -- 10 to be more precise --
Maybe you also followed this story. Or maybe not. But basically a really big hedge fund manager, one of those guys who people quote and probably talk about at Harvard Business School, placed a super big bet on this company called Valeant.Valeant is a
This is probably the biggest rule for being happier at work, because so often when something at work is aggravating you -- like an annoying co-worker, a bad boss or a nonsensical policy -- the natural response is to fixate on the problem.
Don't get lulled into thinking the major market selloff on Tuesday was a one-off. Without question, the fact stocks didn't fall through a trap door on Wednesday was a feather in the caps of the bulls. All the elements were in place for a follow-through plunge: a vicious, cowardly attack out front of the U.K. Parliament, rising fears on the Trump/Ryan healthcare bill passing and a growing number of forecasters coming out from under their rocks to proclaim the bull market is about to die. Not helping matters was a continued drumbeat of retail death stories such as Payless possibly closing 500 stores, Bebe (BEBE) on the verge of shuttering 170 stores and Sears Holdings' (SHLD) CFO spreading #fakenews
OPEC’s worries about the booming U.S. oil production have increased significantly with the big three oil companies’ interest in shale. Exxon Mobil Corp., Royal Dutch Shell Plc, and Chevron Corp., are planning $10 billion of investments in shale in 2017, a quantum jump compared to previous years. All the naysayers who doubted the longevity of the shale oil industry may have to modify their forecasts.
Right now, the VIX, also known as Wall Street’s fear gauge is creeping toward the long-term average, which suggests that it could attempt a firmer breakout, in the parlance of chart watchers. To be sure, the VIX remains well below its historical average of 20, but the gauge is a sign of how much investors are demanding to pay for protection 30 days in the future for price swings in the S&P 500 index (^GSPC). Last week, the VIX climbed around 15%, which marked its sharpest weekly rise since the 22.7% jump during the week ended Dec. 30, according to FactSet data.
Mar.26 -- Oil rose after OPEC and its allies voiced support to extend past June their deal to jointly cut output aimed at reducing global inventories. Bloomberg's Yousef Gamal El-Din reports on "Bloomberg Daybreak: Asia."
Value investing is easily one of the most popular ways to find great stocks in any market environment. One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short.
Qualcomm prevented Samsung Electronics, its biggest client for Snapdragon chip-sets, from selling its own Exynos counterpart to third-parties, South Korea's Fair Trade Commission claimed. The commission said Samsung was prevented from selling its own mobile chip-set to other vendors besides its own through a patent licensing deal with Qualcomm. The US chip giant's patents fall under standard essential patents that must be licensed in fair terms, according to the trade watchdog, which announced an $865 million fine against Qualcomm in December for patent abuse. Qualcomm has appealed against the decision and last month filed suit to an administrative court asking a reversal of the decision.
Nearly 34% of J.C. Penney's shares were sold short this week, up from about 26% ahead of the company unveiling a major restructuring plan on Feb. 24, according to Bloomberg data. To be sure, the market has good reason to position for J.C. Penney shares adding to their 34% loss so far this year. In the wake of a disappointing holiday season, J.C. Penney will close 138 stores by the second quarter.
It's always best to have a sense of how much income tax you'll owe. But with ever-changing tax laws, it can be hard to predict exactly what your 2017 taxes will look like. Still, by being aware of the probable alternatives, you can estimate fairly well what range of tax liability you're most likely to owe. Given proposals currently on the table, middle-class households earning $75,000 are at the epicenter of tax reform efforts, and they could see considerable impacts from proposed changes. What a $75,000 earner would pay in taxes in 2016 As a starting point, it's useful to look at how much someone earning $75,000 would pay in taxes on their 2016 tax return. Because different taxpayers have different
President Trump and House Speaker Paul Ryan (R-WI) now acknowledge that the Affordable Care Act will remain the law of the land for the foreseeable future, following last week’s debacle in which they were forced to pull the Republicans’ repeal and replacement plan before it was put to a vote in the House.
Following the announced appointment of Halliburton's (HAL) CFO Mark McCollum to the post of CEO at Weatherford International (WFT) , it's no surprise that at least one analyst is speculating an often talked about merger between the two companies could be on the horizon. But that speculation seems off the mark. To be sure, Halliburton can't sit idly by forever while its competitors make strategic moves to diversify and bulk operations. A recently announced tie-up with General Electric's (GE) oil and gas unit will see Baker Hughes (BHI) leapfrog Halliburton as the world's second-largest oilfield services provider. And industry front-runner Schlumberger (SLB) has not let off the gas during
Prices of gold futures jumped 0.7% on Monday morning in Asia hours as the U.S. Dollar Index fell another 0.4%, hovering near two-month low. Even though the Federal Reserve hiked its benchmark interest rate this month, it was seen as a dovish hike. In addition, does it make sense that the U.S. dollar should be seen as a global reserve currency? China and Russia are certainly eager to diversify away. EverBank World Markets’ Mike Meyer wrote: In recent years, the BRICS countries – Brazil, Russia, India, China and South Africa – have been taking small steps to reduce the primacy of the dollar in international trade. China has been leading this effort in recent years. I recently came across this headline
Goldman Sachs and a trio of hedge funds snapped up 30 percent of Iceland's Arion Bank last week, a nicely timed symbol of the country's return to normality and lifting of capital controls imposed after the financial implosion in 2008. The strange part is that, as the group already owns 64 percent of Arion's parent Kaupthing, they're buying from themselves -- at a valuation that looks steep when compared with far bigger banks in richer European countries. It's a partly defensive move. Kaupthing, which collapsed in 2008, needs to sell Arion, formed from its domestic assets, to repay money it owes to the government and to allow its hedge fund owners to sell stakes they took in the bank following
“If you’re not growing, you’re dying” is a well-worn phrase slathered all over the business and investment world, for good reason: It’s true. And it strikes a particularly loud chord when it comes to dividend investing. If your retirement portfolio is full of stocks that are paying the same dividend they did years ago, then, you’re certainly losing the war with inflation, and your nest egg probably isn’t performing to its full potential. But if your retirement portfolio is stuffed full of companies like the five dividend growers I’ll share with you today, then you’ll stay ahead of the pack, year after year. The easiest way to understand the importance of dividend growth is to simply look at inflation.