• Russia’s Dirty Oil Crisis Is Worse Than Almost Anyone Predicted
    Bloomberg2 days ago

    Russia’s Dirty Oil Crisis Is Worse Than Almost Anyone Predicted

    After any normal voyage the tanker would quickly deliver its 700,000 barrels of Russian crude into a refinery for processing into gasoline, diesel and other petroleum products. Back in April, unusually high levels of the chemicals known as organic chlorides were discovered in Russian crude flowing through the giant Druzhba pipeline, built in the 1960s to carry crude from the U.S.S.R. to allied countries in Eastern Europe. The chlorides can severely damage oil refineries and on April 24 Russia's state pipeline operator, Transneft PJSC, halted shipments.

  • Financial Times1 hour ago

    Nigeria and Royal Dutch Shell begin contract negotiations

    Nigeria has begun renegotiating oil contracts with Royal Dutch Shell that could see major energy companies generating billions of dollars fewer in revenues from lucrative offshore blocks in Africa's largest producer. “We'll be looking to better terms than the previous [production-sharing contracts],” Emmanuel Ibe Kachikwu, minister of state for petroleum, said. Nigeria has several types of contracts with energy majors including joint ventures for onshore blocks, in which the government has an equity stake, and production-sharing agreements for the deepwater ones.

  • Fox Business2 days ago

    Average 401(k) balance by age group: See how your retirement savings compare

    This could, in part, be due to a noticeable bump in employer contributions — which are continuing to increase in 2019. "The average 401(k) employee contribution amount, in dollars, reached a record level of $2,370 in Q1, a 15% increase over one year earlier. In addition, the average 401(k) employer contribution, or company match, reached $1,780 in Q1, a record high and a 6% increase from one year earlier," Fidelity stated in a May report.

  • How China could use its massive US debt holdings as a trade war weapon
    CNBC Videosyesterday

    How China could use its massive US debt holdings as a trade war weapon

    China is currently the largest holder of U.S. government debt. It now owns $1.12 trillion in U.S. Treasury bonds. If China decided to sell off its U.S. government debt holdings as a form of retaliation in the ongoing trade war with the U.S. and President Donald Trump, it could upend global financial markets and drive U.S. interest rates higher.

  • Fox Business20 hours ago

    Uber’s first employee, who’s now a billionaire, resigns from company’s board of directors

    Uber's first employee, who's now a billionaire, has informed the company that he is resigning from the board of directors, according to an SEC filing Friday. The filing from Uber Technologies Inc. stated Ryan Graves told the company of “his intention to resign as a member of the Company's board of directors, effective as of May 27, 2019, including any committees of the board of directors on which he serves.

  • TheStreet.com2 days ago

    Capri Holdings Expected to Earn 61 Cents a Share

    Capri Holdings Limited is expected to report quarterly earnings of 61 cents a share on sales of $1.3 billion before the market opens on Wednesday, based on a FactSet survey of 24 analysts. In the same period a year ago, the company posted earnings of 63 cents a share on sales of $1.2 billion. The stock has fallen 18.6% since the company last reported earnings on Feb. 6.

  • Avoid Paying Taxes on Social Security Income
    Investopedia23 hours ago

    Avoid Paying Taxes on Social Security Income

    Some people have to pay federal income taxes on the Social Security benefits they receive. Typically, this occurs only when individuals receive benefits and have other substantial sources of income from wages, self-employed earnings, interest, dividends, required minimum distributions from qualified retirement accounts, and other taxable income that must be reported on their tax returns. Taxable Social Security Income In accordance with Internal Revenue Service (IRS) rules, you won't pay federal income tax on more than 85% of your Social Security benefits.

  • Why Bull Market Could Rise Over 25% In 2019 Despite Trade War
    Investopedia2 days ago

    Why Bull Market Could Rise Over 25% In 2019 Despite Trade War

    The escalating U.S.-China trade war has raised bearish sentiment, but several respected investment strategists remain bullish, predicting the S&P 500 Index (SPX) will be up by 25% to 30% in 2019. Through the close on May 23, the S&P 500 gained 12.6% year-to-date. Binky Chadha, head of asset allocation and chief equity strategist at Deutche Bank, projects that the S&P 500 will end 2019 at 3,250, up by 29.7% for the year, and the most bullish call among 17 firms surveyed by CNBC.

  • 25 Stocks to Avoid After Memorial Day
    Schaeffer's Investment Research2 days ago

    25 Stocks to Avoid After Memorial Day

    Below, we take a look at the 25 worst stocks to own the week of Memorial Day. Looking at S&P 500 Index stocks over the past 10 years -- and considering only stocks with at least eight years' worth of returns -- a handful of bank names made the list. STI and FITB have ended the week lower 80% of the time, averaging losses of 2.49% and 2.07%, respectively, per data from Schaeffer's Senior Quantitative Analyst Rocky White.

  • Could Ford Buy Tesla? Here's How Likely A "Doomsday" Scenario Is
    Fortune2 days ago

    Could Ford Buy Tesla? Here's How Likely A "Doomsday" Scenario Is

    The auto maker is burning through $1 billion in cash a quarter, the cash from the latest $2.7 billion funding round will be gone within ten months, and demand is falling off. One of the classic business solutions would be an acquisition. Maybe a white knight with the cash and managerial and operational wherewithal to come in, buy the company, fix the broken parts, and let Tesla become what it had the potential to be.

  • Michigan Legislature approves bill to cut high auto premiums
    Associated Press2 days ago

    Michigan Legislature approves bill to cut high auto premiums

    Michigan's Legislature on Friday passed a landmark bill that would cut the country's highest auto insurance premiums by letting drivers forego a one-of-a-kind requirement to buy unlimited medical coverage for crash injuries. The votes followed the announcement of an agreement between Republican legislative leaders and Democratic Gov. Gretchen Whitmer. She said the legislation would guarantee rate reductions for every motorist and offer choice among personal injury protection, or PIP, levels.

  • Traders May Beat Central Bank to Rescue of Beleaguered Korea Won
    Bloomberg13 hours ago

    Traders May Beat Central Bank to Rescue of Beleaguered Korea Won

    While the Bank of Korea has little scope to hike interest rates to defend the won at its meeting this week, investors trading on technical levels in the foreign-exchange market may help arrest the currency's decline. Policy makers in Seoul have struggled to slow the won's fall against the dollar, despite a flurry of jawboning comments from the central bank and the finance ministry, since it broke out of a 10-month trading range in April. Yet the won's 6.1% decline against the greenback, which make it Asia's worst-performing currency this year, has brought large speed bumps into sight.

  • Silver Weekly Price Forecast – Silver tries to rebound
    FX Empire2 days ago

    Silver Weekly Price Forecast – Silver tries to rebound

    Silver markets initially tried to rally during the week but found enough resistance above the turn around and roll over slightly. All things being equal, this is a market that will be sensitive to the US dollar and of course global growth as it is an industrial metal. The $16.00 level above is massive resistance, and quite frankly I think it would be very difficult to break above there.

  • Huawei's 'fake demand' distorted global semiconductor growth
    Yahoo Finance2 days ago

    Huawei's 'fake demand' distorted global semiconductor growth

    In the months leading up to Washington's decision to ban Huawei from doing business with US suppliers, the Chinese company stockpiled nearly a years worth of components in anticipation of coming headwinds. Now, the global semiconductor sector may have to pay for it. In all, analyst Sebastian Hou says the Chinese company's inventory buildup added 8% to the chip sector's global revenue growth in the 1st quarter, or $35 to $40 billion.

  • CNBC2 days ago

    Buy these 2 stocks that pay you more than the 10-year yield, says expert

    But while the sector plays might look tempting, one expert recommends being more selective. "Typically, if a company wants to pay a dividend, you need to have a solid balance sheet and strong cash flow, and those are the kinds of companies that do well when times get tough," Mark Tepper, president and CEO of wealth management firm Strategic Wealth Partners, said Thursday on CNBC's "Trading Nation." "So, of all the sectors, we like financials, but I still think you need to pick the winners, not the sector," he said.

  • Jet Airways founder Naresh Goyal and wife stopped from leaving India - airport official
    Reuters19 hours ago

    Jet Airways founder Naresh Goyal and wife stopped from leaving India - airport official

    The couple were taken into custody by immigration officers, the Indian Express reported, citing sources. Local media, citing sources, reported earlier this month that the ministry of corporate affairs had been looking into Jet's books and had asked for a corporate fraud investigation into the airline, suspecting that its promoters siphoned off funds. Once one of India's largest carriers, Jet was forced to ground all flights last month after running out of money and failing to secure funds, crippled by mounting losses as it attempted to compete with low-cost rivals.

  • InvestorPlace2 days ago

    7 Utility Stocks to Trust for Retirement

    Utility stocks include companies that provide essential services — electricity, energy and water — to communities across the U.S. Because doing this in a country as big as the U.S. is no mean feat, most states have one or two exclusive providers. In return for reining in their operations, the state provides a healthy annual growth target for the utilities and also allows them to operate unregulated businesses that can sell power to customers in the open market. What investors get are rock-solid companies that have no trade war drama attached to them, only growing demand for electricity and reliable dividends to add to their capital gains.

  • Josh Brown: How to double your money
    CNBC Videos2 days ago

    Josh Brown: How to double your money

    Ritholtz Wealth Management CEO and Fast Money Halftime Report Trader Josh Brown on the power of compounding your money and the rule of 72.

  • Here's how the world's billionaires make their money
    Yahoo Financeyesterday

    Here's how the world's billionaires make their money

    Most billionaires in the world didn't inherit their wealth. Most billionaires put their money into public holdings — 36.4% of their portfolios were allocated to this asset class — followed by private holdings at 35%, liquid assets such as cash at 26.4%, and real estate and luxury assets at around 2.2%. Breaking the group down, those with $1 to $2 billion in assets generally invested mostly in liquid assets, while those with over $50 billion invested mostly in public holdings.

  • Benzinga17 hours ago

    Barron's Picks And Pans: Boston Beer, MGM, Target, Visa And More

    This weekend's Barron's cover story takes a look at digital payments giants. Other featured articles review the top dividend payers of the first quarter; placing bets on the future of tech; tariffs and the price of beer. Also in the issue: the prospects for a lagging hospitality giant, an agriculture spinoff and two very different retailers.

  • 3 Oil Stocks to Drop Now
    InvestorPlace2 days ago

    3 Oil Stocks to Drop Now

    To keep production high, the Administration is giving the oil companies everything they always wanted. It's possible because oil and gas no longer represent cheap energy. The lifetime cost of solar and wind installations, $63.20 per Megawatt-hour, is now below that of coal, and approaching that of natural gas. The solar power expansion that began early this decade in the Far West, spurred by favorable tax laws, has now spread to the heart of the U.S. oilpatch.

  • The most grim sentence about the economy we've heard in weeks
    Yahoo Finance2 days ago

    The most grim sentence about the economy we've heard in weeks

    “Worse may be to come,” said Chris Williamson, IHS Markit's Chief Business Economist. This grim statement came on Thursday in response to the latest IHS Markit Flash U.S. Purchasing Managers Index (PMI) report, which showed growth among U.S. manufacturers and services businesses plunged to a three-year low this month. Williamson's statement is a stark contrast to other forecasts suggesting that the unfavorable business conditions stemming from the trade war would be transitory.

  • TheStreet.com2 days ago

    These 3 Biotech Stocks Are Attracting Insider Buying

    So what are insiders buying as the market sells off in recent trading sessions? Today, we look at several names in the high beta small cap biotech sector drawing considerable insider purchases in recent days. Let's start with The Medicines Group .

  • InvestorPlace2 days ago

    AT&T Stock Could Be a Great Bet

    The Vision To get on board with bulls' contentions on T stock, you have to understand Stephenson's vision for the future of AT&T. The telecom sector is slogging through uncertain times right now, and both AT&T and Verizon (NYSE:VZ) knew something would have to change. However the two took diverging paths, with VZ doubling down on its wireless business and T entering more sectors. Safe Stocks to Buy This Summer Verizon has certainly taken the safer option, but in the long-term will it be better?

  • China's largest chipmaker is delisting from the Nasdaq

    China's largest chipmaker is delisting from the Nasdaq

    SMIC, which is backed by the Chinese government and state-owned shareholders, will focus on its existing Hong Kong listing going forward but there will be trading options for those holding U.S-based ADRs. In its announcement, SMIC said it plans to delist for reasons that include limited trading volumes and "significant administrative burden and costs" around the listing and compliance with reporting. What it doesn't say is that this is linked to the frosty relationship between the U.S. and China, and already the company has played that rationale.