- S&P Futures2,831.25-0.92%
- Dow Futures25,541.00-0.89%
- Nasdaq Futures7,337.25-1.25%
- Russell 20001,531.63-0.88%
- Crude Oil60.41-1.64%
- Gold1,276.30+0.16%
- Silver14.46+0.08%
- EUR/USD1.1138-0.1671%
- 10-Yr Bond2.3930-1.36%
- Vix16.55+10.70%
- GBP/USD1.2649-0.0885%
- USD/JPY110.0560-0.2456%
- BTC-USD7,632.98+0.08%
- FTSE 1007,227.04-1.46%
- Nikkei 22521,151.14-0.62%
- TheStreet.com•2 days ago
AutoZone Shares Rev Higher on Strong Earnings, Sales
Shares of AutoZone gained 4% to $1,016.85 in trading Tuesday after the auto parts retailer reported better-than-expected fiscal third-quarter earnings. AutoZone on Tuesday reported net income for the quarter ended May 4 of $405.9 million, or $15.99 a share, vs. $366.7 million, or $13.42 a share, in the comparable year-earlier quarter. Sales rose to $2.8 billion from $2.7 billion in the comparable year-ago period.
- Investopedia•2 hours ago
Why Economist Gary Shilling Says the U.S. Will Win the Trade War
Many investors fear that the U.S.-China trade war will inflict long-lasting damage on the U.S., but economist A. Gary Shilling, president of economic consulting and forecasting firm A. Gary Shilling & Co., disagrees. Yeah, in the short-run you don't, but in the long-run...the U.S. will be better off," Dr. Shilling asserted in an interview with Business Insider published this week. U.S. is the buyer, China is the seller..If we weren't buying all those consumer goods from China...where would China sell them?
- Bloomberg•2 hours ago
Blackstone's Schwarzman Recalls the Advice That Changed His Life
About an hour and 15 minutes of cardio and weight training every day. What's your favorite sport or sports team? Tennis to play.
- Financial Times•3 hours ago
B&M chief dampens talk of Asda bid
p The chief executive of value retailer B&M has played down speculation that the company might attempt a reverse takeover of Asda in the wake of the UK regulator's decision to block the grocer's takeover by larger rival Sainsbury, saying his company already has plenty of growth opportunities. p Simon Arora said that while he could not comment directly on market speculation, the company “does not need to do M&A for growth”.
- TheStreet.com•21 hours ago
Qualcomm Slumps After Federal Court Rules in Favor of FTC in Antitrust Dispute
shares were indicated sharply lower Wednesday after a federal judge has ruled in favor of the U.S. Federal Trade Commission in a long-running antitrust dispute over patents and licensing. Judge Lucy Koh of the United States District Court for the Northern District of California supported the FTC's view that Qualcomm abused its market dominance in the market for semiconductors that connect modems and smartphones, where licenses earn the San Diego-based company around $5 billion a year. Judge Koh, who presided over an 11-day trial that ended in late January, ruled that Qualcomm can't base the supply of modem chips on a customer's patent license status and must re-negotiate those terms in good faith.
- Bloomberg•4 hours ago
Activist ValueAct Urges Legoland Operator to Seek a Sale
Activist shareholder ValueAct Capital said Merlin Entertainments Plc, the operator of the London Eye and Legoland fun parks, should consider a sale because the shares are undervalued and private equity investors may be interested. ValueAct, which owns 9.3% of Merlin's stock, made the comments in an open letter to Merlin Chairman John Sunderland on Thursday. Merlin responded, saying that while it intends to continue dialogue with ValueAct, the company has decided to stick with its current strategy.
- Financial Times•1 hour ago
Thomas Cook sent deeper into junk territory by S&P and Fitch
Thomas Cook has been downgraded even further into junk territory by two rating agencies as they warned on the group's ability to pay its debt and the risk to the business should it not sell its airline as planned. Fitch and S&P Global Ratings both cut the 178-year-old travel company's rating to CCC+. Thomas Cook had been rated in the single-B range by both credit rating groups since 2012, Refinitiv data show.
- Money•16 hours ago
The Father of the 401(k) Says This Is the Key to Retirement Today
You're either one or the other, says the father of the 401(k), and your income doesn't determine the answer. “There's people who make tons of money who don't become successful at saving, and then there are others, surprisingly, who shock the heck out of me—they don't make big bucks but they have substantial savings,” Ted Benna, the creator of the 401(k), said on Tuesday at The Wall Street Journal's Future of Everything Festival in New York, The Wall Street Journal reported. The average household aged 40 to 55 earning between $75,000 and $100,000 has just $70,000 in overall assets, which includes retirement funds (but excludes the house and car), according to an analysis by Quartz of Federal Reserve Data.
- CNBC Videos•yesterday
Cramer: Stay away from this 'forbidden city of stocks'
Jim Cramer says there's a shortage of buyable stocks on the market and that money managers are staying out of these sectors.
Reuters•1 hour agoFactbox: Global tech companies shun Huawei after U.S. ban
Global tech firms, including chip suppliers, are cutting ties with China's Huawei Technologies Co Ltd after the U.S. government put the world's largest telecom equipment maker on a trade blacklist citing national security concerns. The United States has effectively banned its companies from doing business with Huawei, exacerbating an ongoing Sino-U.S. trade war. The ban applies to goods that have 25% or more of U.S.-originated technology or materials, and may therefore affect non-American firms.
Reuters•2 days agoSome major Deutsche Bank investors want chairman to go early: sources
At least three major investors in Deutsche Bank want Chairman Paul Achleitner to step down early amid discontent with the bank's turnaround, two people with knowledge of the matter said on Tuesday. Achleitner, whose term expires in 2022, is due to face investors at the bank's annual general meeting on Thursday. A spokesman for Deutsche Bank declined to comment, both on behalf of the bank and Achleitner.
- Associated Press•14 minutes ago
Hormel: Fiscal 2Q Earnings Snapshot
On a per-share basis, the Austin, Minnesota-based company said it had profit of 52 cents. Earnings, adjusted for non-recurring gains, were 46 cents per share. The results topped Wall Street expectations.
- Investing.com•5 hours ago
Top 5 Things to Know in The Market on Thursday
Another round of gloomy business surveys in Europe reinforced fears that the effects of the U.S.-China trade conflict are spreading across the world economy. Elsewhere, Japanese electronics giant Panasonic indicated that it, too, would partly curtail business with Huawei, although it told a different story on its Chinese website. The news follows the decision of various network carriers to pull Huawei's latest smartphones from their 5G offerings.
- CNBC Videos•yesterday
Stock Picker's Paradise: 7 trades
The "Fast Money" traders tick off their favorite stocks to buy as the market rallies almost 200 points.
- Investopedia•12 hours ago
6 Social Security Changes for 2019
Every October the Social Security Administration (SSA) announces its annual changes to the Social Security program for the coming year. Here are the Social Security changes that were announced in October 2018 and took effect on Jan. 1, 2019, according to the SSA's annual fact sheet. For 2019, more than 67 million Social Security recipients saw a 2.8% cost-of-living adjustment (COLA) to their monthly benefits.
- InvestorPlace•yesterday
Don't Worry About Facebook Stock… Yet
I have long been a supporter of FB stock, but I must admit that even I have started to question whether or not the firm can carry on winning in the social media and online advertising space. However, despite Facebook stock's recent stumbles, I don't think it's a sell. FB investors should certainly be cautious and aware of the risks, but right now it doesn't appear there's anything major to worry about.
- Fortune•2 days ago
What Killed Jamie Oliver's Restaurant Chain?
Following a couple years of serious financial difficulties, the restaurant empire of British celebrity chef Jamie Oliver may have reached the end of its road—the latest victim of an ongoing, partly Brexit-related shakeout in the U.K.'s casual dining sector. The Jamie Oliver Restaurant Group said Tuesday that it had gone into administration, with KPMG's insolvency team taking over. Most of its locations are closing immediately, taking more than 1,000 jobs with them.
- TheStreet.com•44 minutes ago
L Brands Surges After Victoria's Secret Parent Posts First-Quarter Profit
jumped nearly 12% in premarket trading Thursday after the parent company of Victoria's Secret and Bath & Body Works posted first-quarter earnings that surprised Wall Street and lifted the low end of its earnings guidance for the fiscal year. Same-store sales at Victoria's Secret declined 5% but jumped 13% at the company's Bath & Body Works outlets. L Brands said it expects fiscal-year earnings of between $2.30 and $2.60 a share, vs. its previous guidance of $2.20 to $2.60.
- InvestorPlace•15 hours ago
15 Cheap Stocks With Low Risk Profiles
Over the past several years, investors have been willing to take on additional risk in the equity markets due to robust growth potential, and as such, riskier names with big growth profiles have out-performed. The Federal Reserve is unwinding its balance sheet. It is probably a good time to shift money into cheap stocks with low risk profiles.
- InvestorPlace•20 hours ago
10 Names That Are Screaming Stocks to Buy
Following top analysts is an easy way to identify stocks to buy that experts believe have strong investing potential. Investors can be reassured that these stocks to buy are the crème-de-la-crème as far as the Street is concerned. Safe Stocks to Buy for Anxious Investors Bearing this in mind, let's dive in and take a closer look at the top 10 best stocks to buy: 10 Names That Are Screaming Stocks to Buy: Facebook (FB) Social media giant Facebook (NASDAQ:FB) is one of the best stocks to bu .
- TheStreet.com•19 hours ago
GM's Costly Ride-Sharing Fiasco Highlights the Genius of Alphabet's Waymo
There is this idea that old businesses can be easily remade into digital upstarts if managers throw enough money at the process. is shuttering its Maven car-sharing business in most major U.S. cities, including Boston, Chicago and New York. Building new software businesses is hard work.
- Associated Press•17 minutes ago
Stage Stores: Fiscal 1Q Earnings Snapshot
Stage Stores Inc. SSI) on Thursday reported a loss of $47.5 million in its fiscal first quarter. On a per-share basis, the Houston-based company said it had a loss of $1.67.
- Oilprice.com•12 hours ago
The Silence Before The Storm In Oil Markets
With oil production plunging in Venezuela and Iran, tension in the Middle East at its highest point in years, and the threat of further outages in Libya, why are oil prices not trading higher? Backwardation is typically associated with a tight oil market – essentially, traders are willing to pay a premium for oil today relative to deliveries six or twelve months out. “The recent movements in the oil price complex indicate some deep dislocations between the physical and futures markets and in market expectations about current and future oil market fundamentals,” the Oxford Institute for Energy Studies (OIES) wrote in a new report.
- InvestorPlace•22 hours ago
Aurora Cannabis: Here's How to Buy ACB Stock
A slight earnings whiff is no match for budding trends off and on the price chart in Aurora Cannabis (NYSE:ACB). As InvestorPlace's Luke Lango also notes, ACB stock's relative discount in valuation make Aurora ripe for investment similar to Canopy Growth (NYSE:CGC) or Cronos (NASDAQ:CRON) and bodes well for higher prices.
- American City Business Journals•2 days ago
Analyst: Apple tried to buy Tesla in 2013 for $240 per share
Apple Inc. quietly explored buying Tesla Inc. in 2013 for $240 per share, but the deal fell apart after the Cupertino-based company insisted that Tesla CEO Elon Musk step away from day-to-day operations, Roth Capital Partners analyst Craig Irwin told CNBC. Apple bid for Tesla.
