CNBC's Michelle Caruso-Cabrera speaks to Hermitage Fund's Bill Browder about the release of Russian oil tycoon Mikhail Khodorkovsky from prison.
Freebyrd: What Republicans don't understand is that the United States has Three separate but equal branches of government. The Executive, Legislative, and the Judiciary. Just ask any immigrant who has passed a citizenship class. One branch cannot dissolve another one, even if they wish to be a Fascist Dictator.
ESPN is laying off about 100 employees, including former athletes-turned-broadcasters Trent Dilfer, Len Elmore and Danny Kanell, in a purge designed to focus the sports network on a more digital future. The cuts will trim ESPN's stable of on-air talent and writers by about 10 percent. The 37-year-old network has been squeezed by rising fees to broadcast live events at the same time hordes of cord-cutting TV viewers have been canceling their ESPN subscriptions.
The question of whether you'll be paying more in taxes under President Donald Trump may hinge on how much you use tax deductions now. The Trump administration Wednesday unveiled the broad outlines of his campaign promise to overhaul the sprawling U.S. tax code with a simpler system that lowers tax rates. It remains to be seen how deeply the plan cuts into the most widely used deductions, which cost the government hundreds of billions of dollars in lower taxes.
United Airlines has announced “substantial” policy changes following the recent incident aboard a recent flight when a passenger was dragged off the plane. “The changes are the result of United’s thorough examination of its policies and procedures, and commitment to take action, in the wake of the forced removal of a customer aboard United Express Flight 3411 on April 9,” the statement on the airline’s website read. The airline says they will now limit law enforcement to safety and security issues.
Upstream energy firm ConocoPhillips COP will release first-quarter 2017 financial results on May 2, before the opening bell. Last quarter, ConocoPhillips posted a positive earnings surprise of 31.58%. The company beat estimates in three of the four trailing quarters with an average positive earnings surprise of 4.93%.
The air freight industry has some major players whose stocks are trading in very different ways. United Parcel Service, Inc. (UPS) fell at the start of the year and has been in a three-month range since. With earnings on Apr. 27, a breakout could occur relatively quickly. FedEx Corp. (FDX) didn't sell off much at the start of the year, but it too has key levels to watch as it has been ranging for the last four months. Expeditors International of Washington, Inc. (EXPD) is currently the strongest of the group, posting a multi-year high on April 25. The chart of United Parcel Service is in a precarious position. The decline between December and February was larger than the last rally higher (November
Update, 4/25/2017: After great interest in the posting, it appears that the listing for work-from-home positions is no longer available on Hilton's career website. Original, 4/24/17: Hilton has announced that they are hiring full-time remote employees in 29 states. Answer the telephone and greet prospective guests in a friendly manner to create a superior guest experience.
California lawmakers pushed forward Wednesday with a proposal that would substantially remake the health care system of the nation's most populous state by replacing insurance companies with government-funded health care for everyone. The idea known as single-payer health care has long been popular on the left and is getting a new look in California as President Donald Trump looks to replace former President Barack Obama's health care law.
A Google spokeswoman confirmed Foster's departure, but declined to comment further. At Amazon, he led development of Kindle tablets, the Echo voice-activated speaker and other devices. He was a marquee hire for Alphabet Inc.'s Google, made just as the internet search giant unfurled the first wave of its own branded devices. Foster didn't immediately respond to a LinkedIn message seeking comment.
Wynn Resorts (NASDAQ: WYNN) plans to start construction as early as December on the first phase of its $1.5 billion Paradise Park, creating a white sand lagoon waterfront featuring attractions in Las Vegas, the company said Tuesday. "We've got all these great ideas that are going into this lagoon and this beach front property," said Chairman and CEO Steve Wynn during the resort giant's first-quarter earnings call. Paradise Park would be located on a nearly 130-acre golf course property owned by the company and adjacent to Wynn's existing casino resort in the famed gambling city.
There's a great piece in The Wall Street Journal about how Wall Street's masters of the universe invest their money through family offices, and how that can sometimes raise eyebrows across the industry. It's not hard to see why family offices can be a problem. Big-time investors are supposed to be putting their clients' interests first, and The Journal report suggests that if they're investing for themselves, they might get distracted from their work.
Nearly 70 percent of adults have less than $1,000 in their savings accounts . To help you evaluate, we've rounded up seven warning signs that could indicate you need to start setting aside more. You probably have a good idea of how much money is coming in each month, but just how much is flowing out, towards coffee, Uber , subscriptions and delivery?
Marc Benioff's stature in San Francisco is on the rise, as Salesforce Tower, the city's tallest building, nears completion. The CEO of Salesforce took a 60% paycut in the recently ended 2017 fiscal year, according to the company's annual proxy report, filed on Wednesday. The 52-year-old founder of Salesforce's pay package has been in investor sights for several years. At the company's 2015 shareholder meeting, Salesforce's executive compensation only passed with a relatively 52% of investor votes, and then only 60% in 2016.
Prime Minister Justin Trudeau warned Tuesday that Canada and the U.S. could suffer a "thickening" border as the Trump administration imposes new tariffs on softwood lumber and trade tensions between the two countries escalate. Trudeau commented a day after the announcement of new U.S. duties of up to 24 percent on softwood lumber entering the U.S. from Canada. Trudeau, leader of Canada's Liberal Party, said the two countries are economically interconnected, but it's not a one-way relationship.
After a rally last week in the wake of President Donald Trump's announcement that he would be kick starting a probe into imported steel, steel stocks tumbled Wednesday as weak earnings and slashed guidance from United States Steel (NYSE:X) sent worries through the sector. U.S. Steel reported a quarterly loss of $1.03 per share, according to Thomson Reuters. Released after the bell Tuesday, the earnings report sent U.S. Steel's stock into a 26 percent nosedive Wednesday.
A good portion of that move can be attributed to Nintendo's newest console, the red-hot Switch. In a note circulated to clients on April 24, Morgan Stanley analyst Masahiro Ono resumed coverage of Nintendo stock with an "Overweight" rating and ¥33,000 price target, implying 18% of upside for the stock. Ono believes the Switch is on its way to being a big hit, maybe even as big as the original Wii.
In this excerpt from the Glass Case Of Emotion Podcast, Kyle Larson reacts to Dale Jr.'s decision to retire from driving. You can catch the full episode of the Glass Case Of Emotion Podcast every Wednesday on NASCAR.com/podcast.
By Adam Jourdan and Ben Blanchard SHANGHAI/BEIJING (Reuters) - China needs to raise its military capabilities to protect its growing overseas interests, its foreign minister said following the launch of China's first domestically built aircraft carrier, while vowing not to pursue expansionism. China launched the carrier on Wednesday amid rising tension over North Korea and regional worries about Beijing's assertiveness in the South China Sea and its broader military modernization program. "Under this new environment, China has ample reason to raise its own national defense capability to effectively protect its fair rights that are increasingly extending overseas," Wang said in response to a question on the new carrier, according to a statement on the ministry's website on Thursday.
Advanced Micro Devices, Inc. (NASDAQ: AMD) shares have been drifting mostly sideways since Goldman Sachs issued a Sell rating and $11 price target for the stock back on April 6. Prior to the Goldman Sell rating, AMD had been one of the hottest stocks
Southwest Airlines (LUV) missed analysts' expectations for its first-quarter earnings, reporting adjusted earnings of 61 cents a share on revenue of $4.9 billion, sending shares down in premarket trading. Analysts expected Southwest to earn 63 cents share on $4.92 billion in revenue, according to a FactSet consensus. Southwest shares were down 4.29% in premarket trading to $54.50. Revenue increased 1.2% from a year earlier, driven largely by first quarter record passenger revenue of $4.4 billion. The domestic airline said trips rose 2.3% in the quarter resulting in a record number of passengers for any first quarter. On a unit basis, operating revenues declined 2.8%, year-over-year, which was
By Christopher Johnson LONDON (Reuters) - Oil prices fell on Thursday after news that two key oilfields in Libya had restarted, pumping crude for export into an already bloated market. U.S. light crude oil hit a low of $48.51, down $1.11 a barrel on the day. Libya's Sharara oilfield, with a production capacity of almost 300,000 barrels per day (bpd), has restarted after the end of protests that had blocked pipelines there, a Libyan oil source and local official said on Thursday.
Seeds and chemical maker Dow Chemical Co, which is merging with DuPont, reported a much bigger quarterly profit from a year earlier, when the company recorded charges of $824 million. Net income available to the company's shareholders rose to $888 million, or 72 cents per share, in the first quarter ended March 31 from $169 million, or 15 cents per share, a year earlier. The year-earlier charges included $778 million related to the settlement of a 2005 lawsuit that accused Dow and other companies of conspiring to fix prices of urethane chemicals in the preceding six years.
Barrons.com’s Income Investing blog helps readers find undervalued securities that offer attractive yields, with an emphasis on dividend-paying stocks, preferred shares, bonds, REITs, Master Limited Partnerships and closed-end funds. Amey Stone is Barron’s Income Investing blogger and Current Yield columnist. She was formerly a managing editor at CBS MoneyWatch, MSN Money and AOL DailyFinance. Her responsibilities included overseeing market coverage and personal finance topics. Prior to those roles, she was a senior writer at BusinessWeek where she authored the Street Wise column online and contributed to the magazine’s Inside Wall Street column. Topics covered included economics, corporate finance,
Goldman has figured out the trick to making money off Amazon 8 Hours Ago | 00:39 Goldman Sachs gave its clients the best way to trade Amazon's stock and it basically came down to this: buy the shares when CEO Jeff Bezos takes out his wallet and ramps up spending. The firm cited its analysis of the company's previous three large investment cycles. It revealed shareholders saw a 44 percent return, on average, if they bought Amazon when its trailing 12-month capital expenditure spending growth first increased, versus a much lower 12 percent return if they bought when investment spending growth decreased. "While these stretches have often raised investor questions around long-term profitability,
According to Alexandra Cavoulacos and Kathryn Minshew, authors of "The New Rules of Work," it's not only possible to find out why the company turned you down — it's often advisable. Cavoulacos and Minshew are the cofounders — and COO and CEO, respectively, of careers advice and job listings site The Muse. In the book, they recommend following up with the hiring manager to ask for feedback on your interview skills.