The Street•yesterdayDelta, Battling Boeing Over Trade, Will Roll Out Its New Airbus A350
Note to Boeing Co. (BA) : This might not be a great week for you. In its trade dispute with Delta Air Lines Inc. (DAL) over the airline's purchase of Canadian-made Bombardier CS 100 jets, Boeing isn't winning the battle for public opinion. Last week, Delta CEO President Ed Bastian blasted Boeing during the carrier's third-quarter earnings call. This week, Bastian and other Delta executives will hold forth at Delta's media day, an event built around the carrier's rollout of the Airbus A350 for international and domestic reporters. Delta took delivery of its first A350 in July in Toulouse, France. It expects to have five in its fleet by the end of the year. It has ordered 20. It will use the aircraft
- CNBC.com•21 hours ago
Why Medicaid is the biggest winner in Trump's Obamacare subsidy cuts
In my home state of Oregon, we have focused on improving and transforming our Medicaid benefit system over the last five years. Medicaid is government-supported health insurance for economically disadvantaged individuals. Under the Affordable Care Act, Oregon increased the number of Medicaid beneficiaries from 600,000 to nearly 1 million in just a short time. Oregon's uniquely successful Coordinated Care Organizations developed as a new transformative way to deliver Medicaid benefits to all recipients and has demonstrated both financial and clinical success in serving its population. Annual cost increases have been held to under 3.4 percent for five years in a row for Medicaid. Additionally,
- Zacks•20 hours ago
3 Casino Stocks to Buy Now
Perhaps it’s because trading stocks can often mirror the thrill of winning big at the blackjack tables, or maybe it’s because Las Vegas conjures images of the world’s most flashy brands and businessmen. MCRI is currently sporting a Zacks Rank #2 (Buy).
- Bloomberg•22 hours ago
Sears Sinks After Key Investor Berkowitz Plans to Leave Board
Bruce Berkowitz, Sears Holdings Corp.’s largest outside shareholder, is stepping down from the board, a move that sent the stock tumbling on Monday. Berkowitz, the chief investment officer and founder of Fairholme Capital Management, will depart at the end of this month -- less than two years after he joined the board. Long a passive investor in Sears, Berkowitz became a director in February 2016 after saying he wanted to take a more active role at the company.
- MarketWatch•yesterday
Wells Fargo’s CEO knows why customers are staying away even if Wall Street needs a reminder
Only one analyst asks about the scandal that has gripped WashingtonReutersTim Sloan, CEO of Wells Fargo & Company, didn’t get much probing from sell-side analysts about the bank’s sales practices. Just a few weeks ago, several members of Congress raked the bank’s CEO, Tim Sloan, over the coals for the ongoing customer fraud scandals that have engulfed the bank for over a year. In fact, it took over half an hour for the call’s sole “sales practices” question, from Matthew O’Connor of Deutsche Bank, to emerge.
Reuters•14 hours agoAirbus to take majority stake in Bombardier C-Series jet programme
MONTREAL/PARIS (Reuters) - Airbus SE said on Monday it would acquire a majority stake in Bombardier Inc's CSeries programme in a deal that the Canadian plane-and-train-maker said would boost sales and position the company strategically against a potentially costly U.S. trade dispute with Boeing Co . The deal, which would come at no cost for Airbus, would give the European planemaker a 50.01 percent interest in CSeries Aircraft Limited Partnership (CSALP), which manufactures and sells the jets, the companies said. Airbus Chief Executive Tom Enders said the company has offered to assemble some of the narrowbody jets at its U.S. plant in Alabama for orders by American carriers.
- CNBC Videos•15 hours ago
Cramer: The action in Apple's stock is a lesson on buying...
Jim Cramer finds that traders tend to give investors buying opportunities when they flee certain stocks, like the battleground that is Apple.
- MarketWatch•2 days ago
All the money milestones to hit in every decade of your life
Planning how much to save for retirement, let alone actually putting away the money, can be overwhelming. Knowing is half the battle, but it can be difficult to wade through all the advice out there and get a clear answer to the question, am I where I should be? Many studies and experts provide guidelines on how to save for retirement, depending on where you are in your life. We’ve compiled the best of those guidelines into one graphic that lays out an ideal timeline for your retirement savings: Americans as it stands are drastically undersaved for retirement. Only a third of employees contribute to a 401(k) plan, and that’s if their employers even offer such an account (only 14% actually do,
- U.S.News & World Report•yesterday
How the Health Care Debate Is Impacting Medicare
For months, the war in Washington to repeal and replace the Affordable Care Act, or Obamacare, has gripped the nation, along with concerns about how it might change health care for people who buy private insurance. "Funding for Medicare would likely have been cut by attempts to repeal the Affordable Care Act," says Andrew Scholnick, senior legislative representative on AARP's federal legislative team. Although unable to pass bills that would have done away with Obamacare, the details of Republicans' proposals offer insight into the direction they'd like health care to move, as well as the continuing efforts on the part of Congress and the Trump administration to remake the American health care system.
Reuters•15 hours agoColony Capital injects cash, in talks to buy Weinstein Co
The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after firing co-founder Harvey Weinstein. Co-Chairman Bob Weinstein, Harvey's brother and fellow co-founder, on Friday had denied the firm was seeking to sell or shut down following Harvey Weinstein's dismissal after a number of women went public to accuse him of sexually harassing or assaulting them over the past three decades. Colony Capital, which has about $20 billion in assets under management, will provide an immediate capital infusion into The Weinstein Co and is in talks to buy all or a significant portion of its assets, the companies said in a statement.
Reuters•2 days agoExclusive: T-Mobile, Sprint aim to announce merger without asset divestitures - sources
T-Mobile U.S. Inc and Sprint Corp plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter. While it is common for companies not to unveil divestitures during merger announcements, T-Mobile's and Sprint's approach shows that the companies plan to enter what could be challenging negotiations with U.S. antitrust and telecommunications regulators without having made prior concessions.
- CNBC.com•yesterday
Dow rises 81 points to record high as Wall Street awaits Netflix earnings
Jeffrey Sherman: Challenges ahead for risk assets 3 Hours Ago | 02:22 U.S. stocks hit record highs on Monday as Wall Street looked ahead to the release of Netflix's quarterly results. The Dow Jones industrial average gained 66 points. The S&P 500 traded 0.1 percent higher, with telecommunications and financials leading advancers. Losses in real estate and health care capped gains. The Nasdaq composite advanced 0.2 percent. The three indexes reached record intraday highs shortly after the open. Earnings season kicked off last week with JPMorgan Chase, Citigroup and Bank of America releasing their results. Goldman Sachs, Morgan Stanley, Verizon and Honeywell are among the companies set to report
- MarketWatch•2 hours ago
Apple’s stock jumps after KeyBanc upgrade to buy rating
Shares of Apple Inc. shot higher Monday, after the technology giant was upgraded at KeyBanc Capital, which said an aggressive move to a more “subscription-like” strategy can offset stagnating iPhone sales growth. Analyst Andy Hargreaves raised his rating on Apple to overweight, the equivalent of buy, after being at sector weight for the past 4 1/2 months. He set a base-case price target of $187, which is 19% above Friday’s closing price of $156.99. The stock AAPL, +1.84% ran up 1.8% to close at a four-week high, and was 2.6% below the Sept. 1 record close of $164.05. The $2.89 price gain added about 20 points to the price of the Dow Jones Industrial Average DJIA, +0.37% which closed up about
The Street•1 hour agoFirst Data Corp. Could Be the Next Visa or MasterCard, Jim Cramer Says
Payments processor First Data Corp. (FDC) could become as big a financial-services player as Visa (V) or MasterCard (MC) and "offers the best value of any stock that we own right now," Jim Cramer says. "The only real financial we are crazy about at these levels -- and we are -- is First Data," Cramer said in a private conference call with members of his Action Alerts PLUS club for investors. "I do think that this could end up being the next Visa or MasterCard once people see through the huge debt load that is rapidly being shed." First Data has trailed the S&P 500 since going public on Oct. 15, apparently weighed down by big debts. FDC had some $20.7 billion of long-term debt as of 2014's end,
Business Insider•10 hours agoSoftBank's giant investment in Uber will be finalized 'very likely in the next week'
SoftBank's multi-billion-dollar investment in Uber will be finalized "very likely in the next week," Uber board member Arianna Huffington said at the WSJD conference Monday. Uber's board voted earlier this month to approve the Japanese tech conglomerate's investment, which would add six more board seats, include a commitment to go public by 2019, and annul super-voting shares held by ousted ex-CEO Travis Kalanick and other longtime insiders. Through its $93 billion Vision Fund, SoftBank plans to acquire a 14% to 20% stake in the world's most valuable privately-held tech startup, Huffington said Monday.
- Fox Business Videos•yesterday
Should investors still be putting money in this market?
Russell Investments Chief Market Strategist Stephen Wood Federal Reserve policy and the outlook for stocks.
- Zacks•yesterday
What's in the Cards for Kinder Morgan (KMI) in Q3 Earnings?
Midstream energy assets operator Kinder Morgan Inc KMI is expected to report third-quarter 2017 earnings on Oct 18. Last quarter, the company delivered an earnings surprise of 0.00%. The Zacks Consensus Estimate of 14 cents for the third quarter has been stable in the last seven days.
Associated Press•14 hours agoNetflix sinking deeper into debt to fuel subscriber growth
Netflix is sinking deeper into debt in its relentless pursuit of more viewers, leaving the company little margin for error as it tries to build the world's biggest video subscription service. The big burden that Netflix is shouldering hasn't been a major concern on Wall Street so far, as CEO Reed Hastings' strategy has been paying off. The billions of dollars that Netflix has borrowed to pay for exclusive series such as "House of Cards," ''Stranger Things," and "The Crown" has helped its service more than triple its global audience during the past four years — leaving it with 109 million subscribers worldwide through September.
Reuters•14 hours agoOil rises one percent as Iraq fighting shuts output in Kirkuk
Crude prices rose 1 percent on Monday as Iraqi forces entered the oil-rich city of Kirkuk, seizing territory from Kurdish fighters and briefly cutting some crude output from OPEC's second-largest producer. "We're seeing increased geopolitical tension in the Middle East providing support in the market today, namely in Iraqi Kurdistan, and some uncertainty around Iran," said Anthony Headrick, energy market analyst at CHS Hedging LLC in Inver Grove Heights, Minnesota. Iraqi Kurdistan briefly shut down some 350,000 barrels per day (bpd) of production from the major Bai Hassan and Avana oilfields due to security concerns.
- Zacks•yesterday
Will BlackBerry (BBRY) Continue to Surge Higher?
As of late, it has definitely been a great time to be an investor in BlackBerry Ltd BBRY. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.
- Wired News•yesterday
Why Investors Are Betting That Bike Sharing Is the Next Uber
There’s a trope that foreign startups can’t innovate—they just copy ideas created in Silicon Valley. The success of China’s dockless bike-sharing startups has flipped that script, and now U.S. companies are scrambling to catch up. Bike-sharing programs have spread across the US in recent years, but slowly. It takes time to secure government and corporate sponsorships, which cover the cost of installing expensive docks to hold the bikes, as well as credit-card payment systems. Motivate, the country’s most prominent operator, has programs in nine U.S. cities. In China, though, bike sharing has exploded seemingly overnight, thanks to an influx of venture capital and a model that eschews docks, making
- Kansas City Business Journal•17 hours ago
How Kansas, Missouri health markets will respond to Trump orders
Insurers and employers in Kansas and Missouri will have to adapt to another change in… more Kansas and Missouri won’t see immediate rate increases after President Donald Trump ended subsidies for individual plans on the Affordable Care Act exchanges, but it’s unclear how the changes will affect insurance companies — and patients — in the long term. On Thursday, Trump confirmed that he would end cost-sharing reductions (CSRs), which delivered $7 billion to reduce out-of-pocket limits and deductibles for beneficiaries below 250 percent of the federal poverty level. Congress had not appropriated funding for the CSRs. The news caused a small dip in insurance companies’ stock, such as St. Louis-based
Reuters•2 days agoJD.com shares are a better deal than Alibaba's: Barron's
Shares of China's No.2 e-commerce firm JD.com are a better deal for investors than Alibaba Group's stock and could rise 30 percent or more over the next year, Barron's said on Sunday. JD.com's shares have underperformed Alibaba's since the beginning of August due to misplaced concerns, and JD.com stands to be among the biggest beneficiaries of China's shopping holiday on Nov. 11, the Barron's report said. A decline in gross profit margin when the JD.com reported quarterly results in mid-August spooked investors but was not as worrisome as it seemed, Barron's said.
- Yahoo Finance•14 hours ago
Goldman Sachs and IBM — What you need to know in markets on Tuesday
Goldman’s results in its trading business will also be closely watched by investors after last week saw both JP Morgan (JPM) and Citi (C) report sharp declines in those business lines. After the market close, IBM (IBM) will release its quarterly earnings, with analysts looking for “Big Blue” to report earnings per share of $3.28 on revenue of $18.6 billion. Another day, another development in the “race” to become the next chair of the Federal Reserve.
- The Street•16 hours ago
Jim Cramer's Outlook on Wynn Resorts Shares
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer spoke about Wynn Resorts (WYNN) getting a price target raise from Deutsche Bank (DB) . Cramer noted that Steve Wynn has done many heartfelt conference calls saying he's confident that his Asian territory resorts will work out well and Cramer believes him because Wynn is out there trying to make the shareholders money. Cramer also called Wynn a "remarkable man". Don't miss a rare opportunity to learn from the best in the business! Jim Cramer is hosting top market movers for a unique investing event on October 28. Reserve your spot today: http://bit.ly/2gD6nZt
