Housing affordability hit its worst level in nearly a decade during the first quarter, according to Attom Data Solutions. Attom measures affordability by comparing average wages to median home prices to determine the share of income people need to spend on housing. Prospective buyers needed to shell out more because mortgage rates rose.
The ouster of Intel Corp. Chief Executive Officer Brian Krzanich for an inappropriate workplace relationship leaves the world’s second-largest chipmaker with the worst leadership crisis in its 50-year history. During a five-year stint as CEO, Krzanich upended Intel’s executive mentoring approach and pushed out several internal leaders, some of whom vied with him for the top job. Leaders who may have stepped into the CEO role in this situation but who left include Renee James, Stacy Smith, Dadi Perlmutter, Kirk Skaugen and Dianne Bryant.
Shares of Facebook FB hit a new all-time high on Wednesday after the company’s photo-sharing app Instagram rolled out a new long-form video feature. The move helps demonstrate just how important video has become, and shows why fellow social media firm Twitter TWTR looks like a strong buy stock at the moment on the back of its own live video push. Twitter grew its daily active user base by 10% in Q1, while its monthly active user base climbed by 3% to reach 336 million.
If you start saving in a Roth IRA at age 15 rather than 25, you can double your savings by retirement with no extra work. "Individual retirement accounts, known as IRAs, are super smart places to put your money. Kobliner says young people should be taking advantage of Roth IRAs, because any earned income stored there will be taxed today rather than at withdrawal, when they're more than likely to be in a higher tax bracket.
"Shark Tank" investor and personal finance author Kevin O'Leary says that even married couples shouldn't only have joint checking accounts.
CNBC's Jim Cramer breaks down why cloud-based enterprise software stocks are still red-hot despite Red Hat's disappointing guidance. The "Mad Money" host also hears from the CEOs of Okta and Zume, Inc. In the lightning round, Cramer recommends two plays for the current market environment.
Tech stocks have been unpredictable at times recently, but the sector has rebounded from volatility strongly, and there is no question that tech has been the leader of the market’s strong multiyear run. Finding a strong dividend-yielding tech stock might feel like searching for a golden goose, but investors should not feel too intimidated. In fact, dividend-focused investors can search for the best tech stocks by using the Zacks Stock Screener, the perfect one-stop screening tool for investors of all kinds.
AT&T this morning announced the launch of a second TV streaming service, called WatchTV, days after its merger with Time Warner. The lower-cost alternative to AT&T's DirecTV Now will offer anyone the ability to join WatchTV for only $15 per month, but the service will also be bundled into AT&T wireless plans.
By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks fell on Thursday, with the Dow slumping for an eighth straight decline as industrials wobbled again on trade war concerns while Amazon and other online retailers weakened after a U.S. Supreme Court
Marijuana stocks are surging after Canada became the second country in the world to legalize the drug. The Canadian Marijuana Index was up 3.34% as of 10:45 a.m. Marijuana stocks surged Wednesday morning after Canada legalized the drug.
Here we used TipRanks' stock screener to pinpoint the most compelling stocks right now. The Street is buzzing about Neurocrine's Ingrezza drug, the first FDA-approved treatment for adults with tardive dyskinesia. On its first quarter earnings call, Neurocrine updated the Street with respect to ongoing market penetration for Ingrezza.
Shares of GE fell Thursday morning after CNBC's David Faber reported it was expected to make a significant announcement about its future by the end of the second quarter. General Electric GE may not break up entirely, but it is heading toward a significant announcement about its future at the end of this month, CNBC's David Faber said Thursday. The company's announcement about its plans for the future has been widely anticipated.
Stocks were under pressure again on Thursday, driving U.S. indices lower once again on the week. The Dow Jones is now flirting with its eight consecutive close lower. Is it time to shop around with some new top stock trades? Top Stock Trades for Tomorrow
Commerce Secretary Wilbur Ross bet against the stock of a shipping firm just days after The New York Times contacted him about the company's links to the Kremlin, Forbes reported. In October, the Times emailed Ross questions about his investments in Navigator Holdings, a mover of liquefied gases whose major clients included a Russian energy company.
Intel CEO Brian Krzanich resigned after the company learned of what it called a past, consensual relationship with an employee. Intel said Thursday that the relationship was in violation of the company's non-fraternization policy, which applies to all managers. Spokesman William Moss said Intel has had the policy in place for "many years." He declined to comment further.
IQ stock churned in the low $20’s and abruptly took off, climbing north of $30 almost instantly, then $40. IQ may not be profitable like HUYA and SOGO, but given its stellar subscriber growth, it’s no wonder investors are excited.
Perhaps it is because trading stocks can often mirror the thrill of winning big at the blackjack tables, or maybe it is because Las Vegas conjures images of the world’s most flashy brands and businessmen. Regardless of the reason, it is clear that gambling stocks are always among the most popular on Wall Street. Luckily for investors, now is also a great time to be buying gambling stocks, as continued Vegas strength, a great recovery in Macau, and overall international interest in gaming have led to rising share prices.
Jim Cramer backs the stock of Intel despite Thursday's unexpected leadership change at the chipmaker.
Warren Buffett, the chief executive of Berkshire Hathaway Inc. , has long been lauded as one of the greatest value investors of this lifetime. That makes his picks for Berkshire a solid pick for a retirement fund with a few years to grow. His preferences
Wall Street analysts adjusted their price targets on two big-name chipmakers Wednesday as Advanced Micro Devices received a hike and Intel got a cut. Morgan Stanley raised its price target on AMD to 11 from 8, but reiterated its underweight rating. AMD stock broke out of a 44-week consolidation period at a buy point of 15.75 on June 7.
AMC Theatres, the world's largest movie theater chain, on Wednesday unveiled a $20-a-month subscription service to rival the flagging MoviePass. The theater chain announced a new service to its loyalty program, AMC Stubs, allowing subscribers to see up to three movies a week for a monthly fee of $19.95. The new subscription service is the latest salvo in a heated battle for what the movie business most craves: frequent moviegoers.
Krzanich led Intel as rival chipmakers ate away at its dominance in the technology over several decades and he also presided over a series of high-level executive departures. The change in leadership comes as Intel expands beyond personal computers and servers into areas such as artificial intelligence and self-driving cars, where smaller competitors including Nvidia Corp (NVDA.O) are strong. The board named Chief Financial Officer Robert Swan as interim CEO and said it has begun a search for a permanent CEO, including internal and external candidates.
Filling your mind with pleasing images of retirement — what you’ll do, where you’ll reside — can divert attention from the daily grind. Counting the days until retirement gets easier if you’re used to priming your brain to work to your advantage. Joanne Waldman is director of training at Retirement Options, which certifies retirement coaches and offers retirement readiness assessments.
In a press release touting “another record year,” Intel dropped a bombshell, announcing that CEO Brian Krzanich is resigning, amid revelations of a “past consensual relationship” with an employee. “Intel was recently informed that Mr. Krzanich had a past consensual relationship with an Intel employee,” the company notes in the release. “An ongoing investigation by internal and external counsel has confirmed a violation of Intel’s non-fraternization policy, which applies to all managers.
Having a comprehensive, integrated and personalized retirement income plan is key for retirees and pre-retirees. Today’s retirees need to look at all available resources they may have available to them in their household balance sheet, which includes not only maximizing assets but also reducing liabilities. Many retirees overlook simple solutions to create and protect retirement income because they follow the herd instead of getting individual recommendations from a retirement planning expert.