- MarketWatch•22 hours ago
Suze Orman has a killer question for your retirement
Suze Orman is one of those singular personalities in the financial business who seems to be right on the pulse of everyone she meets. She’s written books, starred in her own television show and made innumerable appearances in person. Like Oprah
- Business Insider•8 hours ago
San Francisco's housing market is so out of control, 60% of tech workers say they can't afford homes
The San Francisco Bay Area's housing market is so bleak, even tech workers are struggling to buy a home there. A survey by Blind found that 59% of employees at Bay Area tech companies said they cannot afford homes. Cisco, eBay, and Intuit had the highest percentage of employees who said home ownership is elusive.
- MarketWatch•19 hours ago
Cannabis company Canopy Growth’s stock soars 30% as Corona brewer increases stake
U.S.-listed shares of Canada-based Canopy Growth Corp. soared almost 30% Wednesday, after liquor seller Constellation Brands Inc. said it will invest another CAD $5 billion, or about $4 billion, in the diversified cannabis company. Constellation Brands (STZ) the brewer of Corona beer and distributor of Robert Mondavi wine, said it will increase its stake in Canopy (CGC)(CA:WEED) to 38% from about 10% by buying 104.5 million shares at C$48.60 a share, a 51.2% premium to Tuesday’s closing price of C$32.15, and assuming exercise of existing warrants. The company will also receive additional warrants that if exercised would provide Canopy with an additional C$4.5 billion and give Constellation a stake of more than 50%.
- MarketWatch•19 hours ago
Alibaba earnings: Spending for a future beyond e-commerce
Alibaba Group Holding Ltd. dominates online shopping in China, but the company has bigger plans in mind. “We think Alibaba is years ahead of any competitor in driving digital commerce forward,” MKM Partners analyst Rob Sanderson, who rates the stock a buy with a $280 target price, wrote earlier this summer. Alibaba’s investments have weighed on recent results, and the question is whether investors will show patience going forward as the company plays the long game.
CNBC Videos•2 days agoPortfolio Manager: watch these 3 stocks
Eaton Vance Portfolio Manager Yana Barton makes the bull case for 3 stocks.
Yahoo Finance•21 hours agoHow China steals U.S. secrets
China wants to steal U.S. secrets and is very good at doing so. “China, from a counterintelligence perspective, represents the broadest, most pervasive, most threatening challenge we face as a country,” FBI Director Christopher Wray told the Aspen Security Forum in July. A recent U.S. government report titled “Foreign Economic Espionage in Cyberspace” indicates how multifaceted China is when it comes to stealing American intellectual property and U.S. government secrets.
- MarketWatch•2 days ago
How the new tax law creates a ‘perfect storm’ for Roth IRA conversions
While the new Tax Cuts and Jobs Act (TCJA) includes one negative change for Roth IRAs, they are still pretty wonderful. Here’s what you need to know about Roth IRAs and especially Roth IRA conversions in the post-TCJA world. Unlike traditional IRA withdrawals, qualified Roth IRA withdrawals are federal-income-tax-free and usually state-income-tax-free too.
- MarketWatch•12 hours ago
Why gold has performed so poorly even though stock markets are volatile
What’s it going to take for gold market timers to become so pessimistic that a contrarian buy signal is finally triggered? Consider the average recommended gold market exposure level among a subset of short-term gold market timers (as measured by the Hulbert Gold Newsletter Sentiment Index, or HGNSI). As I have indicated in past columns, previous lows have been accompanied by HGNSI readings at least as low as minus 30%.
- CNBC•13 hours ago
The bull isn't done yet, chart watching 'godfather' says, with the Dow flashing 2 big signs
The Dow Jones Industrial Average could be on the verge of a major breakout. Veteran technician Ralph Acampora — often referred to as the 'godfather of technical analysis' — says the blue chip index's charts are flashing two particularly bullish signs heading into autumn. A hammer pattern on a candlestick chart occurs when an index's open, peak and close are nearly the same, while the session low gaps apart from the rest.
- TechCrunch•2 days ago
Tesla shares tumble in early trading after another Elon Musk-powered PR blunder
Elon Musk, the embattled chief executive of electric automaker and sustainable energy company Tesla, tried to “set the record straight” about his recent behavior in an hour-long exclusive interview with The New York Times. In the wide-ranging interview, Musk acknowledged the personal and physical toll running Tesla was taking on him and tried to explain away his recent behavior. The latest drama began with a simple midday tweet last week indicating that Musk had secured funding to take Tesla private at a price of $420 per share.
- InvestorPlace•2 days ago
7 Stocks Warren Buffett Can’t Stop Buying
Sometimes identifying the best stocks to buy can be difficult, but you could do a lot worse than checking out the stocks selected by one of the world’s savviest hedge fund managers — Warren Buffett. Buffett’s stock picks are a popular source for investors, and for good reason. The billionaire Buffett is many things: He’s among the world’s most successful fund managers, a legendary philanthropist, and owns more than 60 companies.
- Bloomberg•2 days ago
BofA's Subramanian Says Markets Are Getting the Yield Curve Wrong
Savita Subramanian, head of U.S. equity and quantitative strategy at Bank of America Merrill Lynch, explains why the flattening yield curve is not a signal to get out of the market. She speaks on "Bloomberg Daybreak: Americas." More from Bloomberg
- InvestorPlace•yesterday
Why Analysts Are Wrong About Ford Stock
Currently, it appears that one of the worst calls I’ve made here at InvestorPlace was telling you to buy Ford (NYSE:F). If you feel badly about it, I feel worse, because I did indeed buy Ford stock. Ford made a profit of $1.06 billion on those sales, enough to pay the 15-cent-per-share dividend with room to spare.
- Fox Business Videos•yesterday
Companies reporting earnings twice a year is a good idea: Ben Stein
Economist Ben Stein discusses how President Trump asked the SEC to study whether companies should report earnings twice a year. Stein also discussed Sen. Elizabeth Warren’s (D-Mass.) newly proposed law, which she says will make companies accountable to employees and local communities, not just shareholders.
InvestorPlace•yesterday5 Top Stock Trades for Monday — Where to Buy Nvidia, Nordstrom
After a big rally on Thursday, stocks again added to their gains on Friday on optimism over global trade resolutions between the U.S. and China by year’s end. Even before that news came out though, there were plenty of big movers. Here are our top stock
- Zacks•2 days ago
Why Amazon.com (AMZN) Could Shock the Market Soon
It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Amazon.com, Inc. AMZN. This year’s significant earnings growth expectation over the prior year should ultimately translate into price appreciation.
- U.S.News & World Report•2 days ago
How to Prepare When Only One Spouse Saves for Retirement
Sometimes one spouse wants to save and the other intends to spend. Here's what you can do if you're serious about saving and preparing for retirement and your spouse shows no interest or continues to be a spendthrift. Consider appealing to the emotions of the non-planning spouse.
Business Insider•2 days agoTrump is considering a huge change to the way America's biggest companies report their earnings
President Donald Trump on Friday tweeted that the US could abandon quarterly financial reporting. Major CEOs like JPMorgan's Jamie Dimon and Berkshire Hathaway's Warren Buffett have called for changing the way companies forecast their earnings quarterly. President Donald Trump on Friday said he had instructed the US Securities and Exchanges Commission to investigate the abolition of quarterly financial reporting for US companies.
- MarketWatch•20 hours ago
Smart investors do these 5 things before retiring
Are you confident in your own retirement planning? Just 18% of Americans — less than one in five — say they are “very confident” in their ability to finance a comfortable retirement. The whole trick to being confident about retirement is matching up those numbers.
- TheStreet.com•2 days ago
Elon Musk Has Lost It and Must Consider Bringing In Facebook's Sheryl Sandberg
Sandberg certainly has had a tough year at Facebook along with Mark Zuckerberg. Given her tenure at the social media giant, it could be time to wave goodbye and take on the role of turning Tesla into a real company.
- TheStreet.com•2 days ago
General Electric's Stock Isn't Cheap Enough Despite Being Near Record Lows
Both Fluke and Flounder are flat, bottom dwelling fish that live in the waters off Long Island. For those of you who like to get out there and fish these waters, these are fish that make for good eating, and generally speaking, are just not equipped
- InvestorPlace•2 days ago
Alibaba: Betting on the Yuan
This is especially true when dealing with a Chinese company like Alibaba Group Holding (NASDAQ:BABA), which is due to report earnings on August 23 before the U.S. market opens. The on-again, off-again trade war with China has been driving Alibaba stock, as China has slowly lowered the value of the yuan against the dollar. Source: Shutterstock The Chinese currency was at 6.27 to the dollar in April. It’s currently at 6.88, having reversed its move toward seven after agreeing this week to hold trade talks with the U.S. Those talks will focus, not on the intellectual property issues that most concern the U.S., but on the yuan, which the U.S. now wants very much to go up.
- TheStreet.com•21 hours ago
Nvidia Slides After Issuing Light Guidance: 5 Key Takeaways
nosediving sales to the cryptocurrency mining market are, for now, overshadowing healthier server and gaming GPU trends. After the bell on Thursday, Nvidia reported July quarter (fiscal second quarter) revenue of $3.12 billion and GAAP EPS of $1.76. EPS, benefiting from a lower-than-expected 7% tax rate, beat a $1.67 consensus.
- CNBC•2 days ago
New retirees: Don't overlook this tax-planning sweet spot
While you're in a lower tax bracket, converting your traditional IRA or 401(k) to a Roth IRA can make sense if you have the cash to pay the taxes due on the conversion. A special opportunity to do some serious tax-planning awaits many people heading into retirement. This sweet spot is the stretch of time that starts after you're done with full-time work and before you begin taking required minimum distributions from your 401(k) account or traditional individual retirement account at age 70½.
- MarketWatch•2 days ago
11 marijuana stocks’ money flows show which are investor favorites
There was a big bombshell in marijuana land. Constellation Brands (STZ) known for its beer, wine and spirits, is investing about $4 billion in Canadian marijuana company Canopy Growth (CGC) Constellation paid a whopping 51% premium. Marijuana stocks are highly volatile, and investors need help in properly investing and trading them.
