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
Tesla Inc. Chief Executive Officer Elon Musk, responding to Uber Technologies Inc. board member Arianna Huffington urging him to change the way he works, ruled out taking a different approach. Ford & Tesla are the only 2 American car companies to avoid bankruptcy. An open letter from Huffington to Musk accused him of “demonstrating a wildly outdated, anti-scientific and horribly inefficient way of using human energy,” adding in a tweet that the Tesla founder should change the way he works.
hasn't helped sentiment around Alibaba. Jack Ma's company also provides full-year revenue growth guidance in its reports. Alibaba's report arrives on the morning of Aug. 23, and an earnings call will be held at 7:30 a.m. ET.
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%.
Since Venezuela’s state-owned oil company, PDVSA (Petróleos de Venezuela, S.A.) owns the Citgo refineries in the U.S., the companies that had lost billions of dollars of assets should target these refineries for seizure as compensation.
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.
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.
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%.
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.
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.
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.
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.
Fidelity Investments recently announced that it was introducing two index funds with zero annual expenses, while also slashing expenses on its other index funds and dropping the required minimum investment on all funds, both actively managed and indexed. Why is Fidelity doing this? When I started writing about mutual funds in the late 1980s, Fidelity’s swagger bordered on nauseating, as it relentlessly peddled a slew of star fund managers, notably Magellan’s Peter Lynch.
A New York lawyer was sentenced to 18 months prison on Friday for helping Martin Shkreli, currently serving a seven year prison sentence after being convicted of related charges, defraud a drug company that Shkreli had founded. Evan Greebel, who was outside counsel to Shkreli's former company Retrophin Inc , was sentenced by U.S. District Judge Kiyo Matsumoto in Brooklyn. The judge also ordered Greebel to pay about $10.4 million in restitution to Retrophin.
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
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.
Bitcoin fell by 3.08% on Saturday, reversing most of Friday’s 4.06% gain, to end the day at $6,383.3, the day’s losses leaving Bitcoin with just a 1.1% gain for the current week, Monday through Saturday. A start of a day intraday high $6,619.5 came up short of the first major resistance level at $6,679.4, with Bitcoin and the broader market hitting reverse through the morning, Bitcoin sliding through the day’s first major resistance level at $6,376.5 to a late afternoon intraday low $6,300, before recovering. Support at $6,300 saw Bitcoin break back through to $6,400 levels and an afternoon high $6,435.9, though with the bears in control the Friday rally was cut short, with investors continuing to lock in profits on any momentum driven rallies, Friday’s moves having come in spite of no positive news hitting the wires to shift sentiment across the cryptomarket.
During 2018, the return on Bank of America (NYSE:BAC) has been uninspiring, coming to about 5%. Yet various other large banks have posted worse returns than BAC stock; Citigroup (NYSE:C) and Wells-Fargo (NYSE:WFC) have generated negative returns. OK,
The U.S. dollar has been on a tear thanks to strong domestic growth coupled with decelerating global economic growth, Fed tightening and escalating trade tensions, according to Goldman Sachs. Goldman’s research identifies which investments perform best when the dollar depreciates. “Exchange rates are often a reﬂection of underlying economic conditions rather than a direct driver of stock returns, but historical patterns of equity performance alongside sharp dollar moves can provide insight into how investors should position portfolios based on their view of the forward path of the USD,” the bank said in a note.
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.
were cheered by the market as each showed they can successfully take on Amazon online. "When you're looking into retail, it's an industry in flux and with any industry in flux...investors need to really do their homework before getting into the sector," said Christian Magoon, CEO of Amplify ETFs.
Microsoft’s new 10-inch tablet dubbed Surface Go is a more portable version of its Surface Pro, with thick bezels, the familiar integrated kickstand, 3:2 aspect ratio display, all weighing 1.15 pounds at a starting price of $399. It comes with Microsoft’s proprietary Surface Connector port for charging and connecting to a desktop dock and includes a USB-C 3.1 port, capable of charging the tablet or outputting video and data to external devices. Adding a keyboard costs another $99 or $129, a Pen anther $99 and the new two-button Bluetooth Surface Mobile Mouse with scrollwheel another $34.99.
Vanguard has built its excellent reputation on mutual fund ownership since opening to the public in 1975 and is now the world’s top provider in this financial category. Merrill Edge has a much shorter public history, starting operations in 2010 following
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.