From 12:30 a.m. to just before 4:00 on Wednesday, police say, two men robbed five people at gunpoint at various apartment complexes across Oklahoma City.
In a span of less than four months, Tesla Motors (TSLA) founder and CEO Elon Musk has added $2.3 billion to his personal wealth . Musk is now worth more than $13 billion, according to the Bloomberg Billionaire Index, but it could have worked out very differently. In fact, a crucial decision Elon Musk was forced to make in 2010 when, by his own account, the billionaire was broke, is one of the reasons Musk has been able to cash in on Tesla's rapid share rise this year: Musk held on to shares at the very moment when a sale to raise cash would have made financial sense.
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.
By Alana Wise NEW YORK (Reuters) - United Airlines said on Thursday it would offer passengers who volunteer to forfeit their seats on overbooked flights up to $10,000 as part of the carrier's efforts to repair the damage from the rough removal of a passenger. The offer came after rival Delta Air Lines Inc outlined plans to offer up to $9,950 in such cases. United also said it would take actions to reduce overbooking flights and improve customer satisfaction.
The oil market is moving towards a balance between supply and demand with the help of an agreement reached between OPEC and other producers to cut production, the chief executive of Saudi Aramco said on Thursday. The Organization of the Petroleum Exporting Countries, Russia and other producers agreed to cut output by 1.8 million barrels per day (bpd) for the first half of 2017, although persistent high global inventories have depressed oil prices. OPEC meets again on May 25 and is expected to extend the pact until the end of 2017 in a bid to end the supply glut.
Dividend stocks are known for their ability to produce eye-popping gains over long periods of time (10-plus years or more), but not so much for quantum leaps in value in as little as 12 months or so. The blue chip biotech Gilead Sciences (NASDAQ:GILD), though, may have the ingredients necessary to pull off just such a feat. The long and short of it is that Gilead's stock has gotten blasted over the past two years because of falling hepatitis C drug sales, combined with concerns that its HIV franchise may also be negatively impacted by the introduction of generics soon. Compounding matters, Gilead has been unable to grow its fledgling oncology franchise into a major source of revenue due to
Weeks after firing host Bill O’Reilly amid allegations of sexual harassment, Fox News is under fire once again for accusations of racial discrimination. Eleven current and former Fox News employees have filed a lawsuit alleging that Fox employees engaged in “abhorrent, intolerable, unlawful and hostile racial discrimination” and created a workplace “more akin to Plantation-style management than a modern-day work environment". The case, which started with two former payroll employees, made headlines this week with the addition of former Fox and Friends co-host Kelly Williams.
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
President Donald Trump on Thursday unleashed a tweetstorm of criticism of Democrats involved in tense negotiations on a spending bill to keep the government open, accusing them of trying to close national parks and jeopardize the safety of U.S. troops over demands to provide Americans with health care. The talks involving congressional Republicans and Democrats had progressed relatively smoothly after the White House had backed off a threat to withhold payments that help lower-income Americans pay their medical bills and Trump dropped a demand for money for the border wall. A temporary funding bill expires Friday at midnight, and GOP leaders late Wednesday came out with a short-term spending bill through May 5 to prevent a government shutdown this weekend.
Going into Under Armour's first quarter earnings report, investors had much to fear about what the newest financial results might hold. Towards the end of 2016, the company warned that it might not be able to sustain its impressive growth rates. Doubts emerged over the success of its Steph Curry-branded basketball shoes. And in February, the company found itself in the middle of a firestorm — including a consumer boycott effort and a stock downgrade — after CEO Kevin Plank praised President Donald Trump. Together, it was a recipe for disastrous results. But fortunately for its shareholders, Under Armour’s first quarter of 2017 wasn’t quite as bad as Wall Street expected. Under Armour reported
The Class of 2017 will graduate into one of the rosiest job markets in recent memory. But that doesn't mean they can expect the job offers to pour in. Three-quarters of employers plan to hire recent college grads this year, up from 67 percent last year, according to a new survey from CareerBuilder. That's the best outlook the site has seen since 2007. CareerBuilder polled 2,380 hiring managers and HR professionals during mid-February to early March, with a margin of error of plus or minus 2.01 percentage points. "In the current environment, where job unemployment continues to decrease and there's continued competition for sought-after skills, employers are especially attracted to college graduates,
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope... With its shares up 20% year to date, Cisco Systems (NASDAQ:CSCO) stock has handily outperformed the S&P 500's 15% return so far in 2017. But here's the really good news: Now that President Donald Trump has laid out his tax plan, one analyst thinks Cisco stock could do even better in the months and years ahead. Here are three reasons why. 1. Let's throw a repatriation party! President Trump's just-released proposal for reforming the U.S.
Union Pacific's first-quarter profit climbed 9 percent as the railroad hauled 2 percent more freight, increased prices and worked to control costs. Union Pacific Corp. is forecasting that shipping volume will continue to grow at a low single-digit rate this year. The railroad plans $350 million to $400 million worth of productivity improvements this year.
Wynn Resorts (WYNN) plans on starting construction on the first phase of its $1.5 billion Paradise Park as early as December, CNBC reports. The company's board of directors has approved the project and indicated construction will start in six or seven months, CEO Steve Wynn said. "We've got all these great ideas that are going into this lagoon and this beach front property," Wynn added. Paradise Park will be a white sand lagoon waterfront property located in Las Vegas. The park will feature a "20-odd acre lagoon in the middle of it and then we would build our meeting space, leave room for our new tower that could be a couple of thousand rooms," the Casino mogul said. (What will move markets
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.
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
Former Assistant Secretary of Defense and retired U.S. Navy Captain Larry Korb on tensions escalating between North Korea and the United States, and how the Trump administration will respond.
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.
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.
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.
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.
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,
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%.
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.