Billionaire investor Carl Icahn wants Apple to boost its buyout and is using his new website to make his case. Bobbi Rebell reports.
Samsung's Galaxy S8 Plus will sell more globally than its smaller-screened sibling the Galaxy S8, according to a Korean securities firm. Some consumers have complained, however, of red-tinged screens. The company denied this was a quality issue and plans a software update to increase the color range in the settings.
delivered more for investors to consider than a first quarter earnings beat. The legendary bike maker reported first quarter earnings Tuesday of $1.05 a share, surpassing Wall Street forecasts for $1.02 a share. Shares fell 4.1% to $56.91 in the trading session as Harley-Davidson only reaffirmed its shipment guidance for the year of flat to down modestly.
The original plan for President Trump’s border wall, repeated ad nauseam on the campaign trail, was that it would be paid for by Mexico. Eventually, when the Mexican government made it clear that they wouldn’t be cutting a check to the US Treasury, the claim shifted. Mexico would still be paying for the wall, Trump and his supporters said, but indirectly, through changes to trade agreements, taxes on remittances, or other means.
Costco (COST) members are apparently so obsessed with shopping at the place that they are willing to pay even more for the privilege of buying bulk mustard. At 60%, more than half of those polled in a new Barclays survey said that Costco's recent fee increase will not make them less likely to renew. Of the 40% that indicated that they are "less likely to renew", Barclays notes that this does not mean they will not renew. In March, the wholesale retailer said it would hike the price of its Goldstar membership by $5 per year to $60. Executive membership fees will increase by $10 to $120. The new fee increases will go into effect June 1, 2017, and will impact nearly 35 million members. Barclays
The 10 biggest companies that do not support Trump did more than just refrain from associating with the new U.S president. The average company is understandably wary about choosing sides in political matters. As basketball great Michael Jordan allegedly
Warren Buffett-led conglomerate Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) has quite a few winning investments in its stock portfolio, with one stock worth more than 13 times the price Buffett paid for it. Here are the details of Buffett's biggest stock win, as well as some other notable investments on the Oracle of Omaha's resume. As of the end of 2016, here are the five best-performing stocks in Berkshire's portfolio, as compared to the price Berkshire paid to acquire them.
In roughly four weeks’ time, OPEC and Russia will meet in Vienna to assess how well their agreement to cut oil production has performed. This week it led to a rough ride for prices, with headlines screaming ‘Oil has had its worst day since March!’ WTI closed on Wednesday at $50.26 per barrel, after the U.S. Energy Information Administration reported that stocks of crude oil had fallen by 1 m barrels – instead of the 1.5 m that had been anticipated. Well, when OPEC agreed in principle in September 2016 to reduce output, nothing was actually going to come into force until January 1st 2017.
Wall Street is betting Sprint Corp. and T-Mobile US Inc. will soon revive talks on a blockbuster merger, but a recent surge in demand for wireless assets has Sprint exploring other ways to unleash value. Sprint’s parent SoftBank Group Corp. believes the company’s vast trove of wireless spectrum, which can be used for faster 5G services, has been undervalued, a view bolstered by AT&T Inc.’s lofty $1.6 billion purchase of Straight Path Communications Inc., according to people familiar with the matter.
The video, attached at the end of this story, shows a deeply distraught female passenger crying near the airplane cabin as two other passengers confront airline staff. The story, according to eyewitness reports gathered by a local Fox affiliate, involved a passenger with two small children who refused a request to check her stroller. In response, a flight attendant--apparently the man shown in the video--called security, then "wrestled" the stroller away from the passenger.
It was a rough week for Rite Aid (NYSE: RAD) investors. Shares of the drugstore operator plummeted 15.4% last week, after the proposed purchase of the chain by Walgreens Boots Alliance (NASDAQ: WBA) ran into some resistance. Bloomberg reported that the Federal Trade Commission was considering filing a lawsuit that could derail Walgreens' pending $7 billion deal for Rite Aid, citing the Capitol Forum trade publication as its source.
If you want to be financially secure in retirement, you have to make the most of your Social Security benefits. Unfortunately, many people simply jump into taking action with retirement benefits before they really think things through, and that can end up costing thousands of dollars in lost benefits over time. More importantly, the wrong Social Security decision can take away much of the peace of mind that the program was intended to give older Americans.
If Sears Holdings Corp. (SHLD) had one foot in the grave coming into the year, then it has just dipped the second foot into a six foot hole. The dying retailer said in a new filing on Friday that same-store sales since the start of the year crashed 11.9% between its two banners. Excluding one-time gains related to the sale of the Craftsman tool business and certain real estate, Sears lost between $190 million to $230 million. That is worse than a year ago when it lost $181 million. Sears also announced the departure of CFO Jason Hollar, who had only been on the job for about six months. The company hinted strongly it will move to shutter more stores beyond the round of 150 closures it just completed.
What do you like to see in dividend stocks? Many people would probably say that they want solid dividend yields that are reliable, with the stock belonging to stable and financially strong company. Three stocks that check off all of those boxes are AbbVie (NYSE: ABBV), Southern Company (NYSE: SO), and Tupperware Brands (NYSE: TUP).
There are several good reasons you may want to keep some cash on the sidelines. If you're retired, for example, and your priority is capital preservation, it can be a smart idea to keep some of your assets in cash. The problem with keeping cash on the sidelines is that savings account interest rates are extremely low right now, and in order to get a decent interest rate on your cash, you need to commit to a CD that you can't touch for several years without paying a penalty.
A stark reality of retirement planning is that your future is riding on the quality (read: plausibility) of your assumptions. By comparison, less than 15 percent of today's retirees kept working that long. "If you plan on working longer as a way to get by in retirement, you are going to be in trouble," says Craig Copeland, senior research associate at EBRI.
Apr.23 -- Centrist Emmanuel Macron and far-right nationalist Marine Le Pen won the first round of the French presidential election, triggering a runoff on May 7 between two radically different visions of the country’s future. Bloomberg's Markus Karlsson reports on "Bloomberg Daybreak: Asia."
This weekend's Barron's takes a look at the unusual value stock picks at one off the radar hedge fund. Other featured articles offer the prospects for top banks now that they have pulled back and a biotech company that is a potential takeover target. "Top Hedge Fund's Unusual Value Stock Picks" by Michael Shari takes a look at what stakes have helped put Hawk Ridge Fund in the top tier in performance.
The car industry is in a delirious moment of change. Despite the growing numbers of car companies manufacturing electric vehicles, consumers are still not lining up to buy EVs and broad support of self-driving car technology faces regulatory hurdles. When I asked him about his company’s plans for China he said, “In terms of volume, if you look at China, there’s so much, he said, and stretched his arms wide.
Political and economic developments in the European Union, Turkey and Russia are cumulatively aiding Russian President Vladimir Putin to become an ascending star in the international firmament. In an unexpected twist, the supporting actor in this dramatic ascent is Turkish president Recep Tayyip Erdogan, a former staunch critic of the Kremlin in the Syrian civil war who is now aligned with Putin in hostility towards the EU. The rise of right-wing populism in the EU – Brexit, improved performance by Geert Wilders’ Party for Freedom in the 15 March Dutch general election, and the lead position of the National Front’s Marine Le Pen in French opinion polls – is a contributory element.
Sometimes the most tempting stocks can be some of the most dangerous. That appears to be the case for three stocks with seemingly attractive dividend yields: CenturyLink (NYSE: CTL), GlaxoSmithKline (NYSE: GSK), and Teva Pharmaceutical Industries (NYSE
Verizon (NYSE: VZ) was the longest holdout of the four major U.S. wireless carriers when it came to unlimited data plans. While T-Mobile (NASDAQ: TMUS) and Sprint (NYSE: S) released their unlimited plans with aggressive pricing, Verizon fought back by offering free iPhones and other device promotions. What investors didn't know at the time was how bad Verizon's first quarter was going before it unveiled its new data plan.
Wal-Mart (NYSE: WMT), the big-box behemoth where nearly every American shops , is both the U.S.'s largest private sector employer and a consistent lightning rod for controversy. As the Arkansas-based retailer makes inroads in online retail — reportedly near a deal to buy men's web retailer Bonobos and recently offering discounts for items purchased online but picked up in stores — Wal-Mart's social impact is still a hot topic. The company's supporters point to countless jobs it provides to low-skilled workers while selling affordable goods, but detractors fault Wal-Mart's encroachment on small businesses, and how it treats workers.
NVIDIA (NASDAQ: NVDA) is feeling the heat after supply chain checks by BMO Capital Markets revealed a big drop in graphics processing unit (GPU) shipments during the first quarter of 2017. Analysts Ambrish Srivastava and Tim Long estimated a 16% drop in GPU shipments from Q4 to Q1, which is alarming as the normal seasonal drop has averaged 6% over the last three years. The BMO analysts believe that the greater-than-expected seasonal decline will trigger a slowdown in NVIDIA's gaming business.
Most people just assume that Saudi Arabia is the world's oil king. While it's true that the Middle Eastern nation is the leading oil producer in OPEC, it's not the undisputed leader for global oil output, as that title has rotated between Saudi Arabia, Russia, and the U.S. in recent years. Meanwhile, when it comes to proven oil reserves in the ground, Saudi Arabia comes in second among its OPEC peers. Instead, the real oil kingpin in OPEC is Venezuela, which has 300.88 billion barrels of proved oil reserves, according to OPEC's data. That's 24.8% of OPEC's total and ahead of Saudi Arabia's 266.46 billion barrels of proven oil reserves, which is 22% of the organization's reserves. However, despite