The Street•1 hour agoThe Top 10 Cities for Amazon's Second Headquarters
As the race heats up and cities state their cases to house Amazon.com's (AMZN) second headquarters, Moody's Analytics has some suggestions for the e-commerce giant. The firm presented Amazon with 10 cities where the new headquarters, which has the potential for 50,000 well-paying jobs and a $5 billion investment, should be located. The results were based on five "broad" categories; business environment, human capital, cost, quality of life, and transportation. A sixth criterion, geography, was also considered to "rank cities based on regional and geographic factors that Amazon might be taking into account," Moody's Analytics noted. The bidding for Amazon's second headquarters closes on Thursday,
Associated Press•5 hours agoTrump's health subsidy shutdown could lead to free insurance
If President Donald Trump prevails in shutting down a major "Obamacare" health insurance subsidy, it would have the unintended consequence of making free basic coverage available to more people, and making upper-tier plans more affordable. The unexpected assessment comes from consultants, policy experts, and state officials, who are trying to discern the potential fallout from a Washington health care debate that's becoming even more complicated and volatile. It's because another subsidy that's part of the health law would go up for people with low-to-moderate incomes, offsetting Trump's move.
- CNBC.com•7 hours ago
Strategist Jeff Saut: The 8-year-old bull market still has up to nine more years left
It's not even close to being too late to buy into the second-longest bull market in Wall Street history, veteran strategist Jeff Saut told CNBC on the 30th anniversary of the Black Monday Crash of '87. With the Dow Jones industrials on Wednesday closing above 23,000 for the first time, many investors who are not in the market may be concerned that they've missed out on the eight-year run that has propelled the blue-chip average up more than 250 percent. The chief investment strategist at Raymond James believes there may be nearly a decade left in this secular bull market, which is defined as a market that's driven by forces that could be in place for years. It's not to say that there can't be corrections or even a bear market along the way.
- CNBC Videos•8 hours ago
China's central bank just warned of a sudden collapse in ...
China's central bank has said it should prevent accumulation of risk from excessive optimism.
- Bloomberg•5 hours ago
Buckle Up Stock Investors It's Gonna Be a Bumpy Ride, BofA Warns
Strategists at Bank of America Merrill Lynch warned in a note late Wednesday that a hiccup in corporate profits would be enough to push the S&P 500 Index down by more than 10 percent before Valentine’s Day, although they remain bullish on equities over the longer-term.
- Investopedia•10 hours ago
Don't Retire Early - Change Careers Instead
Ask five people what it means to retire early and you're likely to get five different answers. Some would consider leaving work before age 65 as early retirement, while others would argue that it has to happen before age 45. Regardless of how you quantify “early,” saying adios to work isn't necessarily the solution to a happy and fulfilling mid-life experience. Many people who long for early retirement may have never known true job satisfaction. A better goal for some may be to shoot for a mid-life career change instead of an early retirement. Why People Retire Early Why do people retire early? Sometimes it's unplanned: a layoff, a long-term illness or caring for a loved one. In these cases,
- MarketWatch•5 hours ago
This simple investment strategy will protect you if the U.S. stock market cracks
How do you control risk in the stock market when central banks flood the financial system with fabricated dollars? The U.S. Federal Reserve and the European Central Bank (ECB) have artificially pushed down interest rates and prompted demand for equities, as bond yields in recent years sunk to record lows. The Dow Jones Industrial Average DJIA, -0.33% the S&P 500 Index SPX, -0.34% and the Nasdaq Composite Index COMP, -0.72% are all at record highs. On Wednesday, the Dow closed at a record high for the 51st time this year. The first thing you need to know is that you can control risk better than any billion-dollar mutual fund, money manager or hedge fund could ever hope to. We as individual investors
- Money Talks News•yesterday
Student Debt Soars: 5 Ways to Pay Off Your Loans Faster
Student loan debt in the U.S. has reached a new all-time high of $1.4 trillion. Student loans constitute the fastest-growing type of debt. Just about the only good news from Experian’s findings is that late payments have decreased by 10.1 percent since 2009, the year the Great Recession officially ended.
Business Insider•5 hours agoThe stock market is finally falling — and Apple is to blame (AAPL)
Stocks dropped on Thursday, with both the S&P 500 and Nasdaq 100 on pace for their biggest losses since late September. At the root of the selling was weakness in Apple, which dropped as much as 2.8% on a report that orders for the recently-launched iPhone 8 have been cut for the rest of the year amid lukewarm interest. Since Apple is the most heavily weighted component in the benchmark index, any sharp fluctuation in the company's stock can have an outsized impact.
- MarketWatch•yesterday
Kyle Bass says once the stock market starts to crack, this will be the first sign
Critical information for the U.S. trading dayBloomberg NewsKyle Bass says this market resembles the 1987 debacle on steriods. The stock market may never go down again. To mark the occasion, Pension Partner’s Charlie Bilello, the originator of that opening comment, went on a bit of a tweetstorm.
The Street•yesterdayAlibaba's Stock Is Within Striking Distance of a Major Buy Signal
If you think that the FAANGs -- Facebook (FB) , Apple (AAPL) , Amazon (AMZN) , Netflix (NFLX) and Google (aka Alphabet Inc. (GOOG) (GOOGL) ) -- are where all the tech sector action has been in 2017, you're sorely mistaken. That's because one gigantic tech stock has eclipsed the performance from all of those other tech sector stalwarts year-to-date. I'm talking about Alibaba Group Holding Ltd. (BABA) . While China hasn't been grabbing U.S. investors' attention in a meaningful way this year, BABA should be. That's because this gigantic e-commerce platform has been expanding its reach into the big data and cloud-computing space in the People's Republic, a market that's rife with opportunities right
Reuters•6 hours agoBoeing invests in autonomous flight tech provider Near Earth Autonomy
Boeing Co said on Thursday it invested in Near Earth Autonomy, a Pittsburgh-based firm that develops technologies enabling autonomous flight such as drones. In addition to the undisclosed investment, Boeing said the two companies will also explore products and applications for emerging markets such as urban mobility. It was the first investment in autonomous technologies by Boeing's venture capital arm, Boeing HorizonX, since it was established in April of this year, Boeing said.
- MarketWatch•8 hours ago
Philip Morris shares slide 1.3% premarket after earnings fall short of estimates
Philip Morris Inc. shares PM, -0.12% fell 1.3% in premarket trade Thursday, after the cigarette distributor missed profit and revenue estimates for the third quarter. The company said it had net income of $1.97 billion, or $1.27 a share, in the third quarter, up from $1.94 billion, or $1.25 a share, in the year-earlier period. Adjusted per-share earnings also came to $1.27, below the FactSet consensus of $1.38. Revenue excluding excise taxes rose 7% to $7.5 billion, also below the FactSet consensus of $7.7 billion. For the full-year, the company said it expects EPS of $4.75 to $4.80, compared with a FactSet consensus of $4.84. Shares have gained 23% in 2017, while the S&P 500 SPX, +0.07% has
- Bloomberg•11 hours ago
Saudi Wealth Fund Widens Economic Role With Mortgage Company
Saudi Arabia’s sovereign wealth fund is setting up a mortgage refinancing company as it deepens the role it plays in the Arab world’s biggest economy. Saudi Real Estate Refinance aims to refinance 75 billion riyals ($20 billion) in mortgages in five years and more than double that by 2026, the Public Investment Fund said in an emailed statement. The company plans to acquire mortgage portfolios, issue mortgage-backed securities and offer direct and indirect refinancing as it seeks to boost home ownership, it said. “The new company is designed to stimulate housing sector development in the kingdom by injecting liquidity in the real estate market,” the statement said. The Public Investment Fund,
- Zacks•yesterday
Verizon in Tussle With Univision for TV Retransmission Deal
Verizon Communications Inc. VZ has dropped Univision Inc.’s Spanish language TV channels from its fiber-based FiOS TV network. Notably, FiOS TV has approximately 4.7 million subscribers. In a letter to the Federal Communications Commission (FCC), Univision complained that the U.S. telecom behemoth pulled down its TV channels at 4:59 p.m. on Oct 16, two minutes before Univision's carriage deal with Verizon was set to expire, without any prior notice to the company.
- The Street•10 hours ago
BioMarin Pharmaceutical: Cramer's Top Takeaways
Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways. In an "Executive Decision" segment, Cramer sat down with JJ Bienaime, CEO of orphan drugmaker BioMarin Pharmaceutical (BMRN) , shares of which declined today by 5.6% after the company's analyst day. Bienaime said they offered an exciting update on their drug portfolio, which now includes six drugs on the market and another three in development. Each of the development drugs could represent a billion dollar opportunity for the company. Cramer noted that BioMarin is also a terrific drug manufacturer and Bienaime added that they now have four facilities around the world to manufacture their products. Despite all
- barrons.com•yesterday
Apple: Get Ready for Disappointment?
Apple (APPL) is scheduled to report earnings on Nov. 2, and analysts are already out making their predictions of what its announcement will hold. And with the stock trading near its 52-week high, I'm guessing it better be good. But don't go looking to Mizuho's Abhey Lamba and Parthiv Varadarajan for good news. Sure, they expect Apple's earnings and to come in in-line with consensus expectations, but warn that guidance could be underwhelming, and see no reason to change their Neutral rating: Our thesis remains unchanged – we acknowledge the upgrade cycle opportunity, but we continue to see near-term volatility to shipment estimates as the X ramp is delayed, thereby contributing to supply shortages.
- CNBC Videos•9 hours ago
Internet scammers are now infiltrating housing market on ...
CNBC's Diana Olick takes a look at how some digital schemers have been able to target real estate agents, title companies and homebuyers with fraudulent emails in an attempt to divert down payment money to other accounts.
- Bloomberg•15 hours ago
TSMC Foresees Double-Digit Sales Growth as iPhone X Hits Shelves
Taiwan Semiconductor Manufacturing Co. forecast 11 to 12 percent growth in revenue in the holiday quarter, when Apple Inc.’s much-anticipated iPhone X goes on sale. TSMC’s technological edge and its role as the main chip supplier to Apple is helping it weather poor smartphone demand globally. The world’s largest producer of made-to-order microchips is predicting revenue of $9.1 billion to $9.2 billion in the December quarter, in line with projections for about $9.15 billion. That forecast came after TSMC posted a narrower-than-expected 7 percent decline in profit. The Taiwanese giant, which had reported three consecutive months of sales declines, is one of the industry’s most cost-effective
- MarketWatch•3 hours ago
Why HR isn’t necessarily your friend if your boss has sexually harassed or bullied you
Experts say that workplace bullying is disturbingly common. A big part of the problem is that there are very few places bullied and harassed employees can turn to for help. Bullying bosses and toxic workplaces have dominated the headlines recently. Along with allegations of sexual assault and harassment perpetrated by movie mogul Harvey Weinstein, members of the entertainment industry have described how his brother Bob Weinstein would bully and verbally abuse staff. In a written statement to The Wall Street Journal, Weinstein said: “At times I have a temper, but I would not describe it as volatile, and I’m definitely not a bully.” The Weinstein company did not immediately return a request for
- Zacks•3 hours ago
Safe Haven ETFs Gain Amid Geopolitical Threats
Despite widespread global criticism, North Korea has been continuously testing missiles to develop a nuclear program in order to safeguard itself from potential U.S. invasion, per North Korean leader Kim Jong-Un. While President Donald Trump has threatened to destroy North Korea completely if it attacks, his North Korean counterpart responded by warning the United States of the "highest level of hard-line countermeasure in history” (read: North Korea Jitters: ETF Winners and Losers).
- Zacks•yesterday
Top Stock Reports for IBM, Celgene and Procter & Gamble
Wednesday, October 18, 2017The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including IBM Corp (IBM), Celgene (CELG) and Procter & Gamble (PG). These
- Investopedia•10 hours ago
Why Traditional Retirement Is Dead
Is retirement dead? Before you start worrying too much, the fact that we think retirement as we know it is a thing of the past isn’t necessarily a bad thing. To understand that, just consider where the traditional idea of retirement came from in the first place.
Business Insider•2 days agoAn obscure company is ground zero for the biggest debate in the stock market (MDP)
More than 20% of Meredith Corporation's shares are owned by ETFs, with much of that being held in dividend-focused funds. This is among the highest percentages in the US market, and serves as a microcosm for the debate around the effect rapidly-growing ETF investment is having on the stock market. You may not have heard of Meredith Corporation, but its shareholder list highlights a tug-of-war in the stock market.
- MarketWatch•8 hours ago
IBM’s stock surge is one for the history books
International Business Machines Corp.’s stock had a day that will stand out in history books, as the company formerly known as Big Blue shocked investors with the best earnings report they have seen in nearly nine years. The stock IBM, +8.86% rocketed $12.99, or 8.9%, Wednesday to the highest close in nearly six months, after the information technology company reported third-quarter profit and revenue the beat Wall Street expectations. Beating profit projections wasn’t a surprise, since IBM has now done so for 12 straight quarters, but the stock rallying after results is a relative rarity. And Morgan Stanley analyst Katy Huberty said the latest beat marks “a real inflection point,” as it came
