While the unemployment rate continues to decline under President Donald Trump, hitting 4.1%, the lowest since 2000, there are certain industries—and states—that continue to experience job losses.GoBankingRates analyzed data from the Bureau of Labor Statistics
Buffalo Wild Wings popped more than 24% on reports of a takeover offer from Roark Capital Group. The price of chicken wings is at historic highs and is the root of deeper problems at the company. Buffalo Wild Wings has been struggling lately, with the stock falling 5.43% in the last year.
The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at overhauling U.S. tax law. U.S. Treasury yields edged lower, in line with declines in U.S. stock indexes and German 10-year bond yields, as risk appetite faded. The U.S. House of Representatives voted in favor of its version of a tax overhaul bill that would cut corporate taxes on Thursday.
Musk unveiled one flashy strategy for generating cash during the launch event Thursday for the Semi truck, surprising the audience with a prototype of a new generation of the Tesla Roadster. Musk promised the Roadster will be the fastest production car available. Musk did not offer details about how Tesla would generate additional funds to deliver the semi truck and the roadster, and overcome production problems that have hobbled production of the company's high-volume sedan, the Model 3.
For Eddy Zillan’s bar mitzvah in 2012, his parents gave him $5,000 to start an investment fund. Instead, he began buying cryptocurrencies like bitcoin and ethereum. Eddy saved up another $7,000 from summers spent working at a tennis club and other jobs, adding that to his investment fund for a total $12,000 in principal.
Ultragenyx Pharmaceutical Inc. RARE announced that the FDA has approved its genetic disorder drug, vestronidase alfa or rhGUS, for treatment of children and adults with mucopolysaccharidosis VII (MPS VII, also known as Sly syndrome). Notably, mucopolysaccharidosis VII is a progressive and debilitating rare genetic disorder. In July 2016, the company announced positive top-line data from the study.
Nov.17 -- Jim Paulsen, Leuthold Group chief investment strategist, discusses the impact of the money supply contraction on the economy with Bloomberg's Julie Hyman and Shery Ahn on "Bloomberg Markets."
Katrina Lake became the first female chief executive officer to take a company public in the U.S. this year when Stitch Fix Inc. started trading on Friday. Almost more unusual is the fact she did it with a fraction of the cash of most venture-backed companies: The online subscription apparel retailer had raised just $42 million. Lake had to do more with less because female entrepreneurs are at a disadvantage when raising money from mostly male venture capitalists. A Bloomberg study last year showed that women founders got about $3 for every $4 that male founders raised. Just 7 percent of founders are women. But Stitch Fix’s IPO shows that this funding shortfall can sometimes be an advantage in
Major defense contractors earned big contracts with work in Orlando, and all of them are hiring dozens — even hundreds — of local workers. Here's a breakdown: Northrop Grumman Corp: The Falls Church, Va.-based company won a $66.3 million contract with the U.S. Defense Logistics Agency on Nov. 16. Northrop Grumman Systems Corp. in Melbourne will deliver aircraft power amplifier modules, which is equipment used for ground and airborne communications. The contract has a Sept. 30, 2021, completion date. Northrop Grumman: The company's Melbourne unit landed another contract on Nov. 16, this one worth $15 million with the U.S. Defense Logistics Agency. The contract is to deliver aircraft high-voltage
Dubai Air Show 2017 witnessed some landmark deals involving renowned jet makers from across the globe, showcasing their state-of-the art aircraft both in the defense as well as commercial space. Air Shows are often held as trade events wherein aircraft manufacturers unveil their new jets alongside demonstrating upgraded avionics to promote their product lines to global customers. The Dubai Air Show is also no exception.
ArcelorMittal MT – the biggest steel producer on the planet – is having an impressive run of late, thanks to improving global steel market conditions and the company’s internal initiatives. The Luxembourg-based company has seen its shares shoot up roughly 34% so far this year. ArcelorMittal has also seen strong earnings estimate revision activity over the past month, suggesting analysts are becoming more bullish on the firm’s prospects in both the short and long term.
The “Fast Money Halftime Report” traders and Fundstrat's Tom Lee discuss the next moves for the market after it dipped into negative territory.
Which company will be the biggest in America, 100 years from now? Judging by the chart below, it’s fair to say it may not be Apple AAPL, -0.56% This chart from cost-calculating website HowMuch.Net uses Forbes data to identify which American companies were the top corporate giants over the past century. The size of the circle in the visualization corresponds to the company’s valuation, adjusted for inflation to 2017 dollars. Companies are color-coded by industry. As Raul Amoros for HowMuch.Net points out, the top 10 companies in each year are all different. In 1917, U.S. Steel X, +0.55% reigned supreme, while in 1967, IBM IBM, -0.10% was king. The year of 2017 has been dominated, no surprise,
Of more than 6,300 respondents, 23% said they had purchased bitcoin and 20% still held some. Seventy-one percent of bitcoin buyers told us they’ve made money, while 8% said they’ve lost money. Nearly one-quarter of bitcoin buyers said the investment has changed their lives — mainly by making them wealthier on paper and giving them more money to spend.
Wall Street pulled back from recent highs in the past week even as the Republicans' tax bill made progress in the House and retailers rallied on better-than-expected earnings. The Dow Jones Industrial Average fell 0.27% over the past week after having fallen three out of the past five sessions. The index closed with losses for the second week in a row. The Dow has not seen a back-to-back weekly decline since mid-August. The S&P 500 was also lower, but just barely. The index dropped 0.13% over the past five sessions, also its second week of losses in a row. The tech sector drove the Nasdaq to a weekly gain of 0.47%. The index also ended Thursday, Nov. 16, with an all-time closing high. A Great
A Dubai property developer managed to pull off the Middle East’s largest initial share offering this year, but only after it was almost derailed by the sweeping arrests in neighboring Saudi Arabia, where authorities say they’re rooting out corruption. Advisers to Emaar Properties PJSC scrambled to complete a $1.3 billion share offering in its United Arab Emirates development business after local investors reneged on hundreds of millions of dollars in demand on the last day of the sale, according to people familiar with the matter. The retreat was triggered by Saudi Arabia’s unexpected crackdown, they said. In the end, Emaar Development PJSC was able to pull off the listing within the original price range, with backing from some prominent regional investors and global funds, making it the largest deal in the Middle East this year.
The Congressional tax overhaul could put a dent in home values in high-tax states and create looming credit risks for local governments. S&P Global Ratings said this week that the proposals to eliminate state and local tax deductions could be a direct blow to residents of high tax states because of the potential hit to property values. In turn, there could "be a credit impact from both the tax base reductions and resulting lower tax revenues" for local governments dependent on property taxes. Most affected are California, New York, and New Jersey, while states with lower taxes, like Florida and Texas, could see benefits, the S&P analysts said. The House approved its version of the tax bill Thursday,
Not long ago, shopping on Black Friday used to mean jammed highways and crowded malls. Online shopping has changed all of that. As the meaning of Black Friday has changed, so has the type of company that benefits most from the biggest shopping day of the year. In my opinion, Walmart (WMT) is the biggest retail story of 2017. When it became clear that the mega retailer had a plan to take on Amazon (AMZN) head-on, the online retail game changed. Here's why I love this company for Black Friday: Amazon can't compete with Walmart's bricks-and-mortar locations. That's right, Walmart will use the same factor that is crippling so many retailers as a weapon to beat the online retail giant. The key is
The Bloomberg Businessweek list of best business schools for 2017 is out, and Harvard Business School tops the list for the third straight year. The Wharton School at the University of Pennsylvania and the MIT Sloan School of Management rose to the second and third spots, while Stanford dropped a bit. And one of this year’s biggest losers was George Washington University School of Business, which dropped 14 spots to No. 59. Here are the top 10 business schools of 2017, according to Bloomberg. Bloomberg Businessweek also broke down the ranking by factors including employers, alumni, current students, job placement and salary. Related read: The 10 best business schools for aspiring entrepreneurs
, especially those who are retired and are (or were) relying on the stock's 24-cent quarterly dividend to fund their living expenses, should not panic -- even though the stock is down 11% over the past five days. On Tuesday, John Flannery, the CEO of GE, announced plans to restructure the company and focus on healthcare, aviation and energy, and halve its quarterly dividend to 12 cents a share. "Investors liked GE because it was a stable company with a consistent rising dividend," said Peter Snow, director of investment research with NFP Corporate Benefits.
MarketWatch rounded up 10 of its most interesting topics over the past week. 1. Game-changer from Tesla Tesla Inc. CEO Elon Must previewed an electric semi truck that could haul up to 80,000 pounds, have a 500-mile range and could revolutionize the U.S. long-haul transportation industry. He also said a new version of the Tesla Roadster is on the way — one that can accelerate from 0 to 60 miles an hour in less than two seconds. Read on: 4 ways Tesla’s electric truck announcement could change our roads 2. Bad retail Target Corp.’s TGT, +5.52% third-quarter earnings were better than analysts had expected, but its shares still sank 10% on Wednesday and haven’t fully recovered. Tonya Garcia explains
Kroger's (KR) buying Kroger. It hasn't been an easy year for the stock, down more than 30% since the start of 2017, as investors fret about Amazon's (AMZN) entry into the grocery business. That said, its Whole Foods price cuts aren't much of a threat to other supermarkets just yet, some argue, and millennials aren't shopping all that differently, despite the headlines. Today, Wells Fargo's Edward J. Kelly and his team reiterated an Outperform rating and $26 price target on Kroger, arguing that the market is overlooking an important catalyst--the fact that Kroger is improving its free cash flow profile (an issue investors have had with the company in the past) that the company could use to buy
Gold prices rallied Friday to a more than one-month high, tacking on nearly 1.8% for the week, as the latest developments in the investigation into Russia’s interference in the U.S. presidential election knocked the dollar lower. Gold futures, which saw their biggest single-session percentage gain since May, scored an almost 1.8% weekly rise, its second in a row. The exchange-traded SPDR Gold Trust (GLD) was up 1.2%, set for a weekly climb of 1.5%.
Repealing the Obamacare requirement that most Americans have health insurance or pay a fine would not cut the number with insurance — or the federal budget deficit — as much as officially predicted, a new analysis says. The analysis suggests that Obamacare is such an attractive financial deal to many people that they don't have to be compelled to sign up for coverage with the threat of a fine. The S&P Global Ratings (SPGI) analysis estimates that repealing the Obamacare individual mandate — which a controversial new Senate tax bill seeks to do — will lead to about 4 million to 5 million more people becoming uninsured by 2027 than otherwise would have been.
Retirement planning can be hard. Annuities, estates, health care, retirement calculators, safe withdrawal rates, Social Security, taxes. There are many pieces to a successful retirement plan. But almost all of those topics boil down and feed into the one question that outranks all others: How much money do I need to retire? I’ve been a serious student of the retirement equation and retirement lifestyles for more than 10 years. There is a lot to be said on these topics. (Witness more than 200 articles on my blog, and thousands more spread across the internet.) I’m also a fan of simplicity, but beware oversimplifying the retirement analysis. When it comes to the question of “How much?” it is tempting