- Yahoo Finance•16 hours ago
Amazon Prime has over 100 million members
After declining for years to disclose how many people pay for Amazon Prime, Amazon (AMZN) CEO Jeff Bezos revealed on Wednesday in his annual letter to shareholders that over 100 million people globally have joined Amazon’s membership club. In after hours trade, Amazon shares were up about 1.5% after Bezos’ disclosure.
- Yahoo Finance•23 hours ago
Chevy will soon let you pay for gas from inside your car
Refueling your Chevy car or truck is about to get a little easier with the launch of Chevy’s new in-dash payment system. The in-dash service will only be available at participating Shell (RDS-A, RDS-B) stations in the near term, but will reach all stations by the end of the year. Chevy says it’s also working with ExxonMobil to bring the service to that company’s gas stations, though no timeline has been announced.
- FX Empire•8 hours ago
Bitcoin Loses Out to Bitcoin Cash – Is it the Beginning of the End?
The Bitcoin bulls didn’t get the memo on Wednesday, with Bitcoin only managing a 3.56% rise on day, partially reversing Monday and Tuesday’s losses, to end the day at $8,169.5. A morning rally saw Bitcoin break out from the 23.6% FIB Retracement Level of $7,996.57 to hit a morning $8,168.8 high, breaking through the first major support level of $8,098.87 before seeing a pullback to an early afternoon $7,907.4 to call on buyer support at the 23.6% FIB Retracement Level of $7,996.57. A late afternoon rally saw Bitcoin hit an intraday high $8,237.2, testing the day’s 1st major resistance level for a 2nd time and this time managing to hold on through to the day’s end.
- Bloomberg•13 hours ago
Former Yahoo CEO Marissa Mayer Creates Tech Startup Incubator
Former Yahoo Chief Executive Officer Marissa Mayer is starting a technology business incubator, Lumi Labs, with longtime colleague Enrique Munoz Torres.The venture will focus on consumer media and artificial intelligence, according to the company’s website
- Bloomberg•15 hours ago
AT&T's Merger Boss Mocks U.S. Claim About Comcast Coordination
An AT&T Inc. executive told a judge that the company’s contentious relationship with Comcast Corp. is evidence that the two rivals wouldn’t coordinate to withhold content from upstart distributors if AT&T’s acquisition of Time Warner Inc. goes through, as the U.S. claims.
- Yahoo Finance•2 days ago
How people from different parts of the world spend their extra money
Personal income in the United States has been steadily rising. Consumers in North America are most likely to spend on technology, according to a new global survey from Acceleration Partners, a UK-based digital marketing agency. A disproportionate amount (34%) of North American respondents said tech-related purchases were their biggest sector spend.
- InvestorPlace•yesterday
5 Unsteady Dividend Stocks That Will Win Longer Term
This includes some pretty great dividend stocks. There are now plenty of dividend stocks that have wonderful long-term futures that have only been blurred by the recent downturn and volatility. There’s nothing wrong with them, their cash flows or other important dividend-related metrics.
- Yahoo Finance•2 days ago
David Hogg tells Twitter followers to boycott BlackRock and Vanguard
David Hogg, an 18-year-old high school senior and survivor of the mass shooting at Marjory Stoneman Douglas High School, is now an outspoken gun law activist. He took to Twitter on Tuesday to encourage a boycott of BlackRock (BLK) and The Vanguard Group. BlackRock, Invesco (IVZ) and Vanguard are the top three institutional holders of American Outdoor Brands (AOBC), the parent company of Smith & Wesson Corp., one of the world’s largest gun manufacturers. BlackRock and Vanguard are also the largest holders of gunmaker Sturm Ruger (RGR).
- CNBC Videos•22 hours ago
Blue Origin believes it can get tourists into space by th...
CNBC's Morgan Brennan talks with Blue Origin CEO Bob Smith about the company's new engine for it's latest suborbital rocket and new opportunities in space exploration.
Reuters•yesterdayExclusive: OPEC's new price hawk Saudi Arabia seeks oil as high as $100 - sources
DUBAI/LONDON (Reuters) - Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three industry sources said, a sign Riyadh will seek no changes to an OPEC supply-cutting deal even though the agreement's original target is within sight. OPEC is closing in on the original target of the pact - reducing industrialised nations' oil inventories to their five-year average. There is no indication yet, however, that Saudi Arabia or its allies want to wind down the supply cut.
- TheStreet.com•2 hours ago
Kinder Morgan Boosts Dividend 60%: LIVE MARKETS BLOG
The first quarter dividend is payable on May 15 to shareholders of record as of April 30. "The board delivered on our commitment made in mid-2017 with the $0.20 dividend we are declaring today," said Richard D. Kinder, Executive Chairman. "Even with the substantial dividend increase, we still expect to internally fund all of our growth capital with some excess remaining.
- TheStreet.com•56 minutes ago
What Schlumberger, Halliburton, Baker Hughes Earnings Will Do for Energy Stocks
Energy sector earnings season starts rolling later this week, and as always, the party will kick off with the so-called big three oilfield services providers: Schlumberger Ltd. Schlumberger is a holding in Jim Cramer's Action Alerts PLUS. While oilfield services stocks have been riding the energy stock outperformance wave of late, investors are mostly still sitting on the sidelines, according to Tudor, Pickering, Holt & Co. analysts.
- Bloomberg•2 days ago
Elaine Wynn Seeks New Board Members After $25 Million Settlement
Elaine Wynn is looking to reconstitute the board of Wynn Resorts Ltd., the casino company she co-founded, after a sex-harassment scandal toppled her ex-husband Steve Wynn from his job as chief executive officer. Wynn, who settled all litigation with her ex-husband this week in exchange for $25 million, said she wanted to remake the board with a majority of new members, according to a regulatory filing Tuesday. Steve Wynn stepped down from the luxury resort operator in February after a series of articles detailed his alleged harassment of female employees at the company. Wynn subsequently sold all of his shares and settled a long-running dispute with his ex-wife that now allows her to vote or sell her 9 percent stake in the company.
Associated Press•yesterdayStarbucks to close stores for an afternoon for bias training
Starbucks, moving swiftly to confront a racially charged uproar over the arrest of two black men at one of its stores in Philadelphia, plans to close more than 8,000 U.S. stores for several hours next month to conduct racial-bias training for nearly 175,000 workers. Philadelphia police released a recording of the call from the Starbucks employee that led to the arrests. In the recording, a woman is heard saying, "Hi, I have two gentlemen in my cafe that are refusing to make a purchase or leave." She gives the address of the Starbucks store, and the entire call lasts less than 30 seconds.
- Bloomberg Video•19 hours ago
Is the Bull Market About to End?
Apr.18 -- On "Charting Futures," Dennis Gartman, editor of The Gartman Letter, joins Abigail Doolittle to talk about the "most important" chart of the year and one that shows a cross between the two-year yield and the S&P 500's dividend yield. Find out why Gartman thinks this is a bearish signal for stocks.
- InvestorPlace•22 hours ago
Advanced Micro Devices, Inc. Looks Too Cheap Here
As bearish as I’ve been on Advanced Micro Devices, Inc. (NASDAQ:AMD), I can’t say I saw the recent decline in AMD stock coming. Just north of that level, Advanced Micro Devices stock does look more interesting. Cryptocurrency mining weakness and reports of serious flaws have weighed AMD stock down so far.
- The Street•53 minutes ago
AAP Exclusive: Apple, Intel, and Boeing May Be the Next Trade War Targets
"President Trump and his trade team .....are now hell-bent on taking on China," said Jim Cramer in his during his March Action Alerts PLUS members' call. He is not happy about the President's handling of the pending trade war and says, "[The President] seems to have no real clue of what it means to bluff at this level." For more on what a trade war can do to your wallet, watch this video now! He now is worried that China's small scale retaliation will become bigger and affect AAP Portfolio names like Apple (AAPL) (an AAP Portfolio holding) Intel INTC, and Boeing (BA) . Watch the clip above to hear his thoughts on what happens to our markets. "Want more exclusive investing insight from Jim
- Bloomberg•15 hours ago
VIX Rigging Talk Erupts on Wall Street After Another Wild Swing
The Cboe Volatility Index is how Wall Street measures anxiety. Lately it’s the gauge’s own plumbing that’s making people nervous.It’s a recurrent claim -- the VIX is rigged. It got a fresh airing Wednesday, when the index swung wildly just as derivatives
- Yahoo Finance•16 hours ago
How Amazon Prime's 100 million subscribers stacks up against Netflix, Spotify and Apple
Amazon CEO Jeff Bezos’s annual shareholder letter, released on Wednesday evening, included an unexpected reveal. Your first question might be to wonder how that number compares to other subscription services for streaming content. To be sure, these are not apples-to-apples comparisons, since Prime is not only for video—in fact, it’s likely that the vast majority of Prime members pay for the service to get the shipping benefits, not for Prime Video.
Associated Press•10 hours agoAsian shares higher on optimism about global growth
HONG KONG (AP) — Asian shares rose on Thursday as improving optimism about the global economy helped investors shake off worries about geopolitical risks for the moment.KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.6 percent to 22,293.97 and
Reuters•23 hours agoIran switches from dollar to euro for official reporting currency
Iran will start reporting foreign currency amounts in euros rather than U.S. dollars, state media said on Wednesday as part of the country's effort to reduce its reliance on the U.S. currency due to political tension with Washington. Central bank governor Valiollah Seif said last week that Supreme Leader Ayatollah Ali Khamenei had welcomed his suggestion of replacing the dollar with the euro in foreign trade, as the "dollar has no place in our transactions today". U.S. President Donald Trump has threatened to exit a 2015 nuclear deal Iran made with world powers unless it is revised.
- Fox Business•9 hours ago
Procter & Gamble acquires Merck's consumer health business for about $4.21 billion
Procter & Gamble has added to its consumer health business by acquiring a unit from Germany’s Merck KGaA for about $4.21 billion. The purchase adds a portfolio of physician-supported brands to P&G brands such as Vicks, Metamucil, Pepto-Bismol, Crest and
InvestorPlace•3 hours ago5 Stock Trades to Make First Thing This Morning
Here are the stock trades for tomorrow catching our eye as we prepare for Thursday’s trading session. As a result, SQ stock is moving higher and powerfully pushed through $50. The market (as if on queue) flushed out a number of traders by plunging MU stock down to $48, running stop-loss orders all along the way.
- TheStreet.com•22 hours ago
3 Sectors I'm Trading Right Now as a Market Rotation Takes Hold
Stocks are struggling to consolidate Tuesday's gains and are also dealing with some rotation. There isn't much follow-through in yesterday's big gains although the FAANG names and Amazon , in particular, are holding up well. At around 180, there are
Reuters•23 hours agoOut of bankruptcy, Seadrill eyes closer ties with oil service firms
Offshore oil driller Seadrill plans to emerge from Chapter 11 bankruptcy in late June or early July to catch the rising wave of rig market activity, its chief executive told said on Wednesday. The company won U.S. court approval on Tuesday for its multi-billion dollar debt restructuring plan after reaching a deal with more than 40 banks, unsecured creditors and shipyards. Obviously, we would like to do it as fast as possible," CEO Anton Dibowitz told Reuters.
