The U.S. Energy Information Administration raised its forecasts for U.S. crude-oil production and prices for this year and next, according to the Short-Term Energy Outlook report released Wednesday. The EIA forecasts 2019 U.S. crude production of 12.29 million barrels a day, up 0.2% from the October forecast. It also raised its 2020 U.S. output forecast by 0.9% to 13.29 million barrels a day.
Euro Zone bond yields fell on Wednesday after U.S. President Donald Trump threatened China with further tariffs if it fails to sign a trade deal, dimming the optimism that has hurt bond markets in recent weeks. Daily Technical Analysis The main trend is down according to the daily swing chart. The downtrend was reaffirmed earlier today when sellers took out yesterday's low.
Whoever said the stock buyback program is such a 2018 story for the markets haven't taken a dive into Norwegian Cruise Line's latest earnings call transcript. Norwegian Cruise Line (NCLH) disclosed in its third quarter earnings report this week that it repurchased $150 million in stock during the third quarter. Norwegian Cruise Line CEO Frank Del Rio — an industry veteran that knows the space like the back of his hand — says the stock continues to be way too cheap.
The UK-listed explorer voiced doubts about the commercial viability of the crude it found off the coast of Guyana in South America. That sent the shares diving 27 per cent to the seabed, wiping out all the gains made in August when the discovery was announced.
Tensions are escalating between employees and management at Google Inc., with the company saying it has just fired one employee and placed two others on leave. Bloomberg reports that Alphabet Inc.-owned Google has fired a worker for allegedly leaking employee names and personal data to the media, while the suspended workers are accused of violating company policy — one for searching for and sharing confidential documents not related to their job, and the other for tracking the calendars of staff in various departments. None of the three have been named, but two other employees told Bloomberg that the suspended workers were based in the U.S. The documents at the heart of one suspension concern a Chrome browser tool that was recently installed on computers at the company, according to Google employees that Bloomberg spoke with.
The earlier you start saving for retirement, the less painful it's going to be. That's one of the simple, but important, lessons illuminated in a new chart posted by data visualization site FlowingData.com — which revealed that many of us would need to save as little as 4% of our income, or as much as 44%, for retirement, depending on when you start saving and when you plan to retire. For example, if you start saving at 25 and plan to retire at 70, you'll need to save just 4% of your income; meanwhile, if you start saving at 45 and plan to retire at 62, that percentage is 44%.
Dallas Cowboys owner Jerry Jones' Comstock Resources is in talks to buy Chesapeake Energy Corp's Haynesville shale assets in Louisiana, according to two people familiar with the matter. A deal could be worth more than $1 billion, one of the people said, adding that the companies have settled on a structure for the deal and hope to reach an agreement by the end of the year. The people, who declined to be identified because the talks are confidential, said what had been agreed so far could still be subject to change and there was no guarantee the talks would conclude successfully.
So with that in mind, here are eight stocks to buy now with a long track record of payouts: Stocks to Buy: McDonald's (MCD) Dividend Yield: 2.6% I'm going to start my list of stocks to buy now with a name I was wrong about: McDonald's (NYSE:MCD). One of the reasons why I didn't like MCD stock was that the Golden Arches apparently wasn't winning over millennials. But recently, I started eating out at McDonald's, and I discovered that the real fundamentals don't match the “paper” data.
Peter Toogood, chief investment officer at Embark Group, discusses the U.S.-China trade tensions and his outlook for markets. He speaks on “Bloomberg Markets: European Open.
Canada Goose stock spiked early Wednesday, then reversed sharply lower despite an earnings beat by the luxury parka maker. Analysts had expected EPS of 35 cents and revenue of $205 million, according to Zacks Investment Research. The firm said wholesale revenue had risen 22% while direct-to-consumer revenue had swollen by 47%, both above consensus expectations.
With no inflation adjustment having been made to these benchmarks since 1983, they're now exceeded by most taxpayers who receive Social Security benefits and have other sources of income, too. A number of strategies, both before and after you retire, can limit the amount of tax you pay on Social Security benefits. Reducing your taxable income during the years in which you're drawing Social Security can have other benefits, too, such as lowering your Medicare premiums, which vary by income.
In the summer of 2008, Chesapeake Energy's stock was worth $70 per share, which gave it a value of around $35 billion. The fracking company, led by its charismatic CEO Aubrey McClendon, had flown too close to the sun. Illegal Tender by Yahoo Finance is a podcast that goes inside mysteries in the business world.
Crispr Therapeutics jumped past a 52.38 cup-with-handle buy point. Oppenheimer upgraded the stock with a 65 price target. Crispr, which has gene-editing technology, recently reported strong earnings and sales after long stretch of losses and virtually zero revenue.
Chesapeake Energy Corp. shares jumped 8% on Wednesday as the natural-gas producer stepped up its efforts to do some damage control and analysts at Morgan Stanley said they expected the company to “successfully manage” a potential break in some of its debt obligations. Morgan Stanley analysts downgraded their rating on the stock to their equivalent of neutral, and cut their price target to $1.25 from $2.25, representing 74% upside from Wednesday prices.
As Yahoo Finance Fed reporter Brian Cheung observed, this flies in the of what President Donald Trump said on Tuesday to the Economic Club of New York: “We are actively competing with nations who openly cut interest rates so that now many are actually getting paid when they pay off their loan, known as negative interest. Whoever heard of such a thing? Give me some of that.
See Artisan stock analysis on TipRanks) Based in Kansas, the world's largest movie theater company puts up some impressive numbers: 8,200 screens in 661 theaters in the US, and a further 2,200 screens in 244 theaters in Europe. Movies are big business, of course, and not just for Hollywood; AMC posted $5.5 billion in revenue in 2018, netting $110 million in income. AMC isn't just relying on traditional box office ticket sales, however.
More Americans are opting to work well into retirement, a growing trend that threatens to upend the old workforce model. One in three Americans who are at least 40 have or plan to have a job in retirement to prepare for a longer life, according to a survey conducted by Harris Poll for TD Ameritrade. Even more surprising is that more than half of “unretirees” – those who plan to work in retirement or went back to work after retiring – said they would be employed in their later years even if they had enough money to settle down, the survey showed.
Living debt-free is a common goal, but it's no easy feat if you're living paycheck to paycheck. While nobody wants to be saddled with debt, paying off the money you owe at the expense of putting money aside in a savings or retirement account isn't an effective long-term strategy, says John Bergquist, senior founding partner at Common Sense Financial, a financial planning firm in South Jordan, Utah. "I know some talking heads in the financial world preach against this and recommend you put everything into the debt plan, but there are dangers in doing this," Bergquist says.
When New York's climate change lawsuit against Exxon Mobil went on trial last month in a Manhattan courtroom, the energy giant's lead lawyer took great pains to emphasize that the state's allegations weren't really about climate change. After all, Theodore Wells said, Exxon was accused of hatching a cynical, arguably pedestrian scheme to mislead investors. The alleged securities fraud may have been intended to mask the impact global warming will have on Exxon's finances, but it wasn't a grand reckoning of its responsibility for the man-made phenomenon.
The Mall of America has an empty three-story space that it wants to use to generate more traffic. Financier Eddie Lampert is standing in the way. The space used to be a Sears store, which was lost in this year's bankruptcy proceedings.
Even though Apple stock traded at record highs Wednesday, it still has room to run higher, according to a Wall Street analyst who initiated coverage of Apple with a buy rating. RBC Capital Markets analyst Robert Muller set a price target of 295 on Apple stock. In morning trading on the stock market today, Apple rose 0.6%, near 263.50.
The software giant's board, led by founder Larry Ellison, 75, says it's a waste of time and money because the company is already committed to equal pay for equal work. Heather Smith, the vice president of sustainable investing at Pax World Funds who's pushing to make the figures public, isn't buying it—and neither is a majority of Oracle's outside investors. For a third consecutive year, Pax is calling on Oracle to produce a report identifying whether a gender pay gap exists and how to fix it.
Still, GE shares have been on a tear, up more than 25% since the company reported its third-quarter numbers on Oct. 30. Better-than- expected guidance on cash flows—plus a lack of discouraging news from GE Capital or GE Power, sources of trouble in the past—allayed investors' concerns. Tusa, however, doesn't see the quarterly results in a positive light.
Virgin Galactic reported its first results as a public company late Tuesday and announced more customers for its space tourism flights. Virgin Galactic stock was flat. Founder Richard Branson said that flights will begin within a year, and he expects profitability by 2021.