Jamie Dimon was best-paid bank CEO last year — wait till you see who came in fourth

JPMorgan Chase Co.’s (JPM)chief executive, Jamie Dimon, was the highest-paid CEO in the U.S. banking sector last year, snagging a tidy $28.3 million in total compensation, up 3.9% from the previous year, according to S&P Global Market Intelligence. Bank of America Corp. (BAC)CEO Brian Moynihan came in second place with total compensation of $21.3 million, according to the data company, followed by Michael Corbat, CEO of Citigroup Inc. (C) , who took home $17.8 million. The surprise: Fourth place went to Timothy Sloan of Wells Fargo & Co. Inc. (WFC) , who took home $17.5 million, even as his bank continued to slowly recover from a series of scandals involving the creation of unauthorized accounts and imposition of other products and fees on unsuspecting customers.

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  The highest-paid CEOs in the U.S. banking industry

  Yahoo Finance
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  JPMorgan’s Jamie Dimon was best paid CEO last year—but look who came fourth

  MarketWatch

Alphabet earnings: What to expect

All eyes on Wall Street will be looking to Google parent Alphabet (GOOG, GOOGL) on Monday when the Mountain View, California-based tech giant reports second-quarter earnings after the markets close. Heather Bellini, a Goldman Sachs analyst, estimates a profit of $2.23-per-share from Alphabet on revenues of $32.1 billion. Bellini’s is one of the few updated estimates that factors in the record-setting $5.1 billion fine from EU antitrust regulators, who ruled on Wednesday that Google had abused its dominance by forcing device makers to install its search engine and Chrome browser on Android devices.

• Zacks: Brokerages Expect Heartland Express, Inc. (HTLD) to Announce $0.19 Earnings Per Share

  The Cerbat Gem
• Brokerages Expect Astec Industries, Inc. (ASTE) Will Announce Earnings of $0.93 Per Share

  The Cerbat Gem

5 Top Stock Trades for Monday — Buy GE and Microsoft?

General Electric (NYSE:GE) and Microsoft (NASDAQ:MSFT) reported earnings and reacted in very different ways. Tesla (NASDAQ:TSLA) could be gearing up for a big move, too. Not long ago, General Electric (NYSE:GE) got the boot from the Dow Jones.

• US STOCKS-Wall St flat as earnings offset tariff threats

  CNBC.com
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  Wall Street slips as trade worries dampen upbeat earnings

  Reuters

Tesla earnings: Investors should gear up for more drama

The stakes are unusually high as Tesla Inc.’s second-quarter earnings day approaches. Chief Executive Elon Musk has created several new controversies in recent weeks via his Twitter account, sending shares down more than 7% in July. The question for Tesla investors may not be asked during the post-results call but it’s increasingly pertinent: Are Musk’s outbursts against analysts, the media, critics and others mere distractions for Tesla, or are they signs of more serious problems at the Silicon Valley auto maker?

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  Elon Musk’s third Hyperloop pod competition at SpaceX is Sunday, July 22

  Los Angeles Daily News
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  Elon Musk reaches deal with artist in ‘farting unicorn’ image row

  The Independent

Alcoa CEO explains why aluminum tariffs are hurting, not helping

Investors who thought the tariffs imposed by the Trump administration would help U.S. aluminum producers can think again—Alcoa Corp. says they actually hurt. Alcoa reported late Wednesday second-quarter earnings and revenue that rose above expectations, but lowered its outlook for adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), citing factors such as current market prices and tariffs on imported aluminum. The biggest decline during that time was the 13.5% tumble on April 23, 2018, after the U.S. extended the deadline for dealing with Russia-based aluminum giant United Co. Rusal (HK:0486) which is controlled by Oleg Deripaska, who was sanctioned for his involvement in U.S. elections meddling.

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  AP FACT CHECK: Trump offers skewed view of farm trade

  Elko Daily Free Press
• Wall St Week Ahead-Wall St braces for tariff fallout as S&P 500 companies report

  CNBC.com

3 Tech Stocks for Dividend Investors to Buy Now

Tech stocks have been unpredictable at times recently, but the sector has rebounded from volatility strongly, and there is no question that tech has been the leader of the market’s strong multiyear run. Finding a strong dividend-yielding tech stock might feel like searching for a golden goose, but investors should not feel too intimidated. In fact, dividend-focused investors can search for the best tech stocks by using the Zacks Stock Screener, the perfect one-stop screening tool for investors of all kinds.

5 MedTech Stocks That Perfectly Blend Healthcare and Technology

Two of the hottest and best performing sectors of the last few years happen to be healthcare and technology stocks. Thanks to a hefty amount of growth, high demand, fat margins and plenty of cash flow generation, both tech and healthcare stocks have surged since the end of the recession. Dubbed MedTech stocks, these firms feature plenty of innovative muscle.

Manafort's Mansion, Benz on Tap as Mueller Readies Tax Case

Here’s why Paul Manafort may find it hard to convince a jury he’s not guilty of bank and tax fraud, @davidvoreacos reports#tictocnews More from Bloomberg.comRead Manafort's Mansion, Benz on

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  Robert Mueller is waging more than a legal battle — it's an information war

  Business Insider
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  Mueller probe leads to ‘Manhattan Madam’ through Roger Stone

  MercuryNews.com

This Is What the Market Looks Like Without FANGs

Rarely does a day go by in the U.S. stock market without someone decrying its addiction to gains in the FANG bloc of tech megacaps. Now, in the middle of earnings season, their support has gone missing, and the result has been something less than a catastrophe. The S&P 500 Index ended where it started, and the Nasdaq 100 -- home of Facebook Inc., Amazon.com, Netflix Inc. and Google parent Alphabet Inc. -- slipped from a record.

Caterpillar bearish ‘death cross’ pattern ends longest bullish streak in decades

Caterpillar Inc.’s stock chart has produced a “death cross” on Tuesday, to snap the longest bullish trend-following streak in at least 46 years, as the list of bearish technical patterns that have appeared in the last month just got a little longer. The streak is the longest since at least April 1972, which is the earliest FactSet has data for the moving averages. Caterpillar’s death cross comes about three weeks after the stock entered a bear market, which many technicians define as a decline of at least 20% from a bull-market high.

Uber Drivers Are Employees, New York Unemployment Insurance Board Rules

The Unemployment Insurance Appeal Board of New York State has ruled that Uber is liable for unemployment benefits for three drivers, along with others who are “similarly situated.” Uber has said it disagrees with the ruling, and seems likely to appeal it. The decision cites Uber’s extensive recruitment, training, and supervision practices as evidence that drivers are employees, rather than independent contractors.

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  Uber drivers can get unemployment benefits, rules New York State

  Mashable
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  New York officials recognize three Uber drivers as employees

  Engadget

Fiat Names Jeep Chief Manley to Replace Ailing CEO Marchionne

Fiat Chrysler Automobiles NV named the head of its Jeep and Ram brands, Mike Manley, as chief executive officer to replace Sergio Marchionne, after a sudden deterioration in his health left the 66-year-old executive unable to return to work. The abrupt departure of the executive who saved both Fiat and Chrysler and then forged a profitable trans-Atlantic operation also led to the selection of new leaders at Ferrari NV and CNH Industrial NV, which were spun off from Fiat during Marchionne’s 14-year tenure, the companies said Saturday.

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  A health crisis has led Fiat Chrysler and Ferrari CEO Sergio Marchionne to step down (FCAU, RACE)

  Business Insider
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  Jeep exec takes over Fiat, marking end of Marchionne era

  Channel 8 San Diego

Microsoft shows it deserves place among tech giants

Microsoft Corp. became even more deserving of its $800 billion-plus valuation Thursday by showing strong growth and projections for more, but the 43-year-old software giant can’t rest now if it wants to maintain its seat at the table with other tech giants. Microsoft (MSFT) reported fiscal fourth-quarter earnings that surpassed Wall Street’s expectations Thursday, and surpassed the $100 billion annual revenue mark for the first time, topping $110 billion to boot. At an age when growth is hard to come by for most tech companies, Microsoft reported double-digit revenue growth across all its businesses except for Office consumer products, which was up 8%.

• HNI (HNI) Set to Announce Earnings on Monday

  The Cerbat Gem
• Citizens Financial Group (CFG) Posts Earnings Results, Beats Estimates By $0.02 EPS

  The Cerbat Gem

Skechers stock plunges 23% after earnings miss and analyst downgrades

THE RATINGS GAME Skechers USA Inc. shares took a 23% nosedive in Friday trading after the shoe brand reported an earnings miss and was downgraded at least twice by analysts concerned about the company’s spending. Shares closed down

• AxoGen, Inc Common Stock (AXGN) Expected to Post Quarterly Sales of $21.07 Million

  The Cerbat Gem
• $1.66 Million in Sales Expected for Dynavax Technologies Co. (DVAX) This Quarter

  The Cerbat Gem

The Story Behind Google's Secret Offer to Settle Android Probe

European Union Competition Commissioner Margrethe Vestager coolly hit Google with a 4.3 billion-euro ($5 billion) fine last week, the biggest penalty in the history of antitrust enforcement. A year earlier, when the company -- already reeling from a 2.4 billion-euro fine in another EU case -- made quiet attempts to settle the probe into deals it has with Android phone makers, the response was equally chilly. The Silicon Valley search giant had waited at least a year too long to broach the subject of a settlement, the 50-year-old Vestager said in an interview.

Better Buy: Amazon (AMZN) vs. Facebook (FB) Stock

Both Facebook FB and Amazon AMZN report their quarterly financial results during the week of July 23. The question is should investors consider buying shares of either Facebook or Amazon? And is either tech giant a clear winner at the moment?Business

AT&T 5G Cities: 3 More Added to the 2018 Rollout

AT&T (NYSE:T) announced that the company is adding 5G service to three more cities, which is part of the company’s previous announcements that it was adding the advanced cell service to 12 more cities in 2018. The company last added service to Dallas, Atlanta and Waco back in February and it has yet to add 5G service to six more cities before the end of the year if all goes according to plan. AT&T said that it is also adding the service to smaller cities because it believes that “all Americans should have access to next-gen connectivity to avoid a new digital divide.” These six cities have the company’s actual, 3GPP-standards based new 5G NR (New Radio) network, while the “5G Evolution” network that the company claims is in 140 markets is actually a rebranded and re-marketed version of its LTE technology.