Dan Dicker compares notes with Stephanie Link on Exxon and finds agreement, for different reasons, on owning other energy names.
Getting retirement right is a big deal. Fidelity Investments decided to tackle this problem with a short but in-depth survey based on retirement assumptions people make. Perhaps unsurprisingly, most Americans missed these eight key retirement questions — and some were way, way off.
SpaceX successfully launched and then retrieved its first recycled rocket Thursday, the biggest leap yet in its bid to drive down costs and speed up flights. The Falcon 9 blasted off from Florida's Kennedy Space Center, hoisting a broadcasting satellite into the clear early evening sky on the historic rocket reflight. It was the first time SpaceX founder Elon Musk tried to fly a booster that soared before on an orbital mission.
Discount footwear chain Payless ShoeSource is allegedly planning to file for bankruptcy protection under Chapter 11 as soon as next week, and plans to close 400 to 500 stores, according to a report Wednesday morning by Bloomberg. In February, it was reported that Payless would close 1,000 stores, and, in January, the company announced the elimination of 150 employees. Facing $650 million in debt, Payless, which was taken private by private equity firms Golden Gate Private Equity and Blum Capital Partners in a 2012, $2 billion buyout of parent company Collective Brands, is increasingly facing a grim outlook.
"We have always used high quality ingredients and prepared them using classic cooking techniques," Chipotle Founder and CEO Steve Ells said in a statement Tuesday highlighting the chain removing preservatives from its tortillas. Ells may want to consider refraining from dissing rival fast food chains until Chipotle stabilizes its own business. While Wedbush analyst Nick Setyan views Chipotle going "clean" with its food as a way to "get them back on the right path," he told TheStreet that challenges still lie ahead for the company.
World Wrestling Entertainment (NYSE: WWE) has made two deals that give the company access to lucrative markets. Through the first, a partnership with StubHub, the company will now profit from the secondary ticket market. Its second agreement, with PPTV in China, will bring WrestleMania live to a country that WWE would desperately love to become a player in. What is the StubHub deal? Many sports leagues have attempted to control how fans resell tickets they don't want to use. These efforts have been designed both to limit scalping and to make the teams money a second time when tickets change hands at prices that are often higher than face value. WWE has reached a multi-year deal under which StubHub
Despite its ability to evade short-sellers on its skyrocket up, Jim Cramer said investors should wait to buy Apple's (AAPL) stock because of analysts using one word to describe its next phone release: supercycle. For now, the Apple shorts have been stifled as the stock held up even with Samsung's S8 release. "If you were ever going to short Apple, you'd have to wait until the real Apple bar-raisers express their disappointment in the eighth iteration.
It has been about a month since the last earnings report for Frontier Communications Corporation FTR. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. On a GAAP basis, net loss in the reported quarter was $133 million or a loss of $0.12 per share compared with a net loss of $156 million or $0.14 per share in the prior-year quarter.
Media reports suggest that U.S. telecom behemoth AT&T Inc. T is planning to end support for parts of its long-standing U-verse brand by the end of May. The brand consists of fiber-based triple-play video (TV), voice (telephony) and high-speed broadband
Nearly 6 in 10 Americans disapprove of the job Donald Trump is doing as president, according to a new Associated Press-NORC poll. And while the survey does find a potential bright spot, it also reveals his handling of health care isn't helping. (March 30)
Silver Wheaton Corp. (NYSE: SLW) was able to grow its business at a time when gold and silver miners were struggling through a commodity downturn. Silver Wheaton is a streaming company and has a unique business model in the precious-metals space. To put some numbers on that: It pays around $4 an ounce for silver (about 60% of revenues) and $400 an ounce for gold (about 40% of revenues) -- well below the current spot price for each of these precious metals.
Are your hardware device drivers up to date? Outdated drivers can slow down performance and in some cases can cause reliability problems, including crashes. Microsoft delivers some hardware drivers directly, installing them through Windows Update to replace a generic driver after you do a clean install, for example. Those drivers are certified using the Windows Hardware Certification Kit. In addition, you can often download the latest drivers directly from the manufacturer of a device. Your starting point for all driver-related activity is the Windows 10 Device Manager (Devmgmt.msc). To open this tool, use its shortcut on the Quick Link menu, which you can access by right-clicking Start or by
Anthem Inc. is likely to pull back from Obamacare’s individual insurance markets in a big way for next year, according to a report from analysts who said they met with the company, a move that could limit coverage options for consumers at a politically crucial time for the law. Anthem “is leaning toward exiting a high percentage of the 144 rating regions in which it currently participates,” Jefferies analysts David Windley and David Styblo said Thursday in a research note. An exit by Anthem might be devastating to insurance markets created by the Affordable Care Act, which is often called Obamacare.
Ford Motor Co , the second largest U.S. automaker, on Wednesday announced two new recalls affecting 440,000 vehicles and expects to spend about $295 million to fix the issues. Ford said it has reports of 29 fires but no injuries. Ford said the cost of the recalls were included in its updated earnings guidance issued last week.
It's only a matter of time before Sears Holdings Corp. goes bust. Wall Street knows it. Sears knows it. But does Fairholme Capital Management and Sears' embattled CEO Eddie Lampert know it? Fairholme bought 286,600 shares of the struggling retailer
Shares of Williams Companies (NYSE: WMB) are up more than 93% over the past year. Williams would go on to complete a deal of its own, agreeing to a simplification transaction with its master limited partnership, Williams Partners (NYSE: WPZ). Despite its run-up over the past year, Williams Companies' current valuation is well below its peer group average.
WILMINGTON, DEL./TOKYO (Reuters) - Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp , filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast. The bankruptcy casts doubt on the future of the first new U.S. nuclear power plants in three decades, which were scheduled to begin producing power as soon as this week, but are now years behind schedule. The four reactors are part of two projects known as V.C. Summer in South Carolina, which is majority owned by SCANA Corp , and Vogtle in Georgia, which is owned by a group of utilities led by Southern Co .
Google exec Peter Roper attributes his professional success to one specific trait: fearlessness. Before Roper became Google's head of mobile brand strategy in 2014, he made a point of constantly taking steps to build his skill set.
The backlog of drilled but uncompleted wells (DUCs) grew dramatically beginning in 2014, as low oil prices forced drillers to hold off on completion in hopes of higher prices at a later date. The surge in DUCs created an enormous backlog of wells awaiting completion. This “fracklog” loomed over the oil market, threatening to derail any sign of an oil price recovery.
Valeant paid its new CEO Joe Papa a fat paycheck worth nearly $63 million in 2016, according to the company’s recently disclosed proxy statement. On the surface, Papa seems to have gotten an extraordinarily generous deal to turn around the beleaguered drug company: Not only is his salary more than twice what it was when he was CEO of Perrigo , a company nearly three times as valuable as Valeant , it’s also especially good considering Valeant’s stock price has fallen nearly 67% since he took over. Papa doesn’t actually get to keep the vast majority of that money unless he pulls off a truly heroic feat with Valeant’s stock price, a maneuver so seemingly impossible that the accomplishment would not only make him a darling on Wall Street, but it could put him in the hall of fame of corporate turnaround artists.
Sixty-two percent of Americans turned thumbs down on Trump's handling of health care during the initial weeks of his presidency, according to a poll by The Associated Press-NORC Center for Public Affairs Research released Wednesday. It was his worst rating among seven issues the poll tested, including the economy, foreign policy and immigration. Of six changes the failed House GOP bill would have made to President Barack Obama's law, five drew more negative than positive reviews.
A bipartisan group of senators told Mel Watt, the regulator who oversees Fannie Mae and Freddie Mac, that he shouldn’t allow the companies to recapitalize without congressional approval. Letting the U.S.-controlled mortgage giants build capital buffers would hurt legislative efforts to overhaul the housing-finance system, the senators said in a letter Wednesday. The letter to Watt, who is director of the Federal Housing Finance Agency, was signed by Republicans Bob Corker of Tennessee and Thom Tillis of North Carolina, as well as Democrats Mark Warner of Virginia, Heidi Heitkamp of North Dakota and Jon Tester of Montana.
It's that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed: Halliburton: "I like Halliburton's analyst data. They were good. My charitable trust owns Schlumberger. I think that's even better." Noble Energy Inc.: "Noble's good. Noble's good. It's a very well-run, very conservative company. [It] should do well in this environment with oil down in the mid-$40s. It will make money. It's starting to turn up right here." Himax Technologies: "Look, that area is so red-hot. You saw the Exar deal today. It's a Taiwanese company. I say it's fine. I'm not going to jump up and down. I actually think Cypress is better right here, CY.
Enbridge Inc. ENB has become one of the largest energy companies in North America following its acquisition of Spectra Energy. Under the terms of the all-stock buyout, Enbridge gained 57% ownership of the merged entity while the remaining 43% is to be held by Spectra shareholders. The $126 billion merger brings together Enbridge’s liquid-weighted midstream assets from Western Canada and the U.S Midwest and Spectra's network of primarily gas-related midstream assets.
4:15 pm: [BRIEFING.COM] The financial sector (+1.2%) nudged the broader market into positive territory on Thursday as the bulls couldn't resist bank stocks in light of last week's dip. The three major U.S. averages settled with gains of 0.3% apiece while