Southwest Airlines Co. LUV is faced with a new trouble related to the April 17 flight 1380 incident. Per media reports, a group of eight passengers aboard the Southwest flight in April has filed a lawsuit against the carrier in the Supreme Court of New York. The tragic incident in April forced the carrier to make an emergency landing at the Philadelphia International Airport due to an engine failure causing a fan blade to detach.
Slow-growth technology giant Oracle Corporation (NYSE:ORCL) reported mixed quarterly numbers that included revenue and earnings beats, but a weak guide that pointed to slowing growth in the company’s hyper-growth cloud business. In response, Oracle stock dropped 7% to $43. Now, though, Oracle stock has dropped back closer to $40.
Housing affordability hit its worst level in nearly a decade during the first quarter, according to Attom Data Solutions. Attom measures affordability by comparing average wages to median home prices to determine the share of income people need to spend on housing. Prospective buyers needed to shell out more because mortgage rates rose.
"Shark Tank" investor and personal finance author Kevin O'Leary says that even married couples shouldn't only have joint checking accounts.
Google is a slightly different company now than it was in 2015, before Sundar Pichai took over from Larry Page to be the company's new CEO. One of the changes Pichai implemented was a simplification to the goal-setting process, known as Objectives and Key Results (OKRs).
Here are some things going on today in the world of tech: Red Hat fails to meet high expectations Shares of Linux and open-source software distributor Red Hat (RHT) are down $20.39, or over 12%, at $145.34, after the company yesterday afternoon reported fiscal Q1 revenue and profit that topped analysts’ expectations, but also forecast this quarter’s results lower and cut its outlook for this year’s revenue. The cut in outlook, the company said, was solely to account for the rise in exchange rates, which lower the company’s dollar-denominated results. In addition to the cut in outlook, the company’s “billings” number, $709 million, came up short of the consensus $721 million.
In a close decision delivered Thursday, the Supreme Court cleared the way for state and local governments to begin collecting sales taxes from online retailers and other merchants who lack a presence in a given locale. The decision could result in billions of dollars in extra tax revenues at the state and local level. The background: A 1992 court decision exempted retailers who lacked a physical presence in a state, such as catalog merchants, from paying sales taxes.
If you start saving in a Roth IRA at age 15 rather than 25, you can double your savings by retirement with no extra work. "Individual retirement accounts, known as IRAs, are super smart places to put your money. Kobliner says young people should be taking advantage of Roth IRAs, because any earned income stored there will be taxed today rather than at withdrawal, when they're more than likely to be in a higher tax bracket.
Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Micron Technology, Inc. MU, NVIDIA Corp. NVDA, Texas Instruments Inc. TXN, Diodes Inc. DIOD and Silicon Laboratories Inc. SLAB. Micron Technology, Inc. reported stellar sales and profits in the fiscal third-quarter 2018, fueled by high demand for chips that store data in mobile devices and components.
Incyte Corporation INCY announced that the phase II trial, REACH1, evaluating lead drug Jakafi in combination with corticosteroids for the treatment of patients with steroid-refractory acute graft-versus-host disease (GVHD), met its primary endpoint.The
AMC Theatres, the world's largest movie theater chain, on Wednesday unveiled a $20-a-month subscription service to rival the flagging MoviePass. The theater chain announced a new service to its loyalty program, AMC Stubs, allowing subscribers to see up to three movies a week for a monthly fee of $19.95. The new subscription service is the latest salvo in a heated battle for what the movie business most craves: frequent moviegoers.
The stock market’s strong run over the past few years brought attention to high-flying growth stocks, usually from the technology sector, that were consistently outpacing the market. REITs are companies that own, operate, or finance real estate properties that produce income, such as apartment complexes or retail locations. First of all, real estate can be a very profitable investment sector when certain economic conditions are present.
Perhaps it is because trading stocks can often mirror the thrill of winning big at the blackjack tables, or maybe it is because Las Vegas conjures images of the world’s most flashy brands and businessmen. Regardless of the reason, it is clear that gambling stocks are always among the most popular on Wall Street. Luckily for investors, now is also a great time to be buying gambling stocks, as continued Vegas strength, a great recovery in Macau, and overall international interest in gaming have led to rising share prices.
CNBC's Jim Cramer and the "Squawk on the Street" team discuss comments made by former Starbucks CEO Howard Schultz about the state of the coffee giant as he steps down from the board.
It's something we have heard every step of the way from when John Flannery replaced Jeff Immelt in August of last year when the stock as at $25. It became like asking how were the accommodations and the food on the Titanic.
Intel CEO Brian Krzanich resigned after the company learned of what it called a past, consensual relationship with an employee. Intel said Thursday that the relationship was in violation of the company's non-fraternization policy, which applies to all managers. Spokesman William Moss said Intel has had the policy in place for "many years." He declined to comment further.
MARKET PULSE Shares of cloud-software names Splunk Inc. (splk) Salesforce.com Inc. (crm) Workday Inc. (wday) ServiceNow Inc. (now) and Adobe Systems Inc. (adbe) are down in Friday's session after peer Red Hat Inc. (rht) delivered
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.
The Dow Jones industrial average, S&P 500 index and Nasdaq composite retreated Tuesday as President Donald Trump stepped up China trade war threats. Apple (AAPL) and Facebook (FB) fell back into buy range Tuesday, but found key support. On Wednesday,
United Parcel Service, Inc. UPS received encouraging news on the labor front when the company inked a tentative deal with the International Brotherhood of Teamsters — a labor union in the United States and Canada. Notably, this provisional agreement with the teamsters union pertains to the wages and other benefits of multiple employees (mostly package handlers and drivers) in Louisville.
AT&T this morning announced the launch of a second TV streaming service, called WatchTV, days after its merger with Time Warner. The lower-cost alternative to AT&T's DirecTV Now will offer anyone the ability to join WatchTV for only $15 per month, but the service will also be bundled into AT&T wireless plans.
Oil prices jumped more than 4 percent on Friday after major producers agreed to modest crude output increases to compensate for losses in production at a time of rising global demand. The Organization of the Petroleum Exporting Countries and other top crude producers, meeting in Vienna, agreed to raise output from July by about 1 million barrels per day (bpd) after its de facto leader Saudi Arabia persuaded Iran to cooperate in efforts to reduce the crude price and avoid a supply shortage. The actual output increases set a bullish tone, as they came in below some of the highest figures that had been discussed prior to the meeting.
Constellation Brands, Inc. STZ is scheduled to report first-quarter fiscal 2019 results on Jun 29. Notably, the company looks quite appeasing on the earnings front, having delivered 14th consecutive beat in fourth-quarter fiscal 2018. Also, this was the company’s 19th straight quarter of year-over-year bottom-line growth.
MARKET PULSE Shares of I3 Verticals Inc. (iiiv) have soared 42% in Thursday trading, following the payments company's initial public offering. I3 priced its IPO at $13 a share late Wednesday, and shares are now trading above $18. The
Krzanich led Intel as rival chipmakers ate away at its dominance in the technology over several decades and he also presided over a series of high-level executive departures. The change in leadership comes as Intel expands beyond personal computers and servers into areas such as artificial intelligence and self-driving cars, where smaller competitors including Nvidia Corp are strong. The board named Chief Financial Officer Robert Swan as interim CEO and said it has begun a search for a permanent CEO, including internal and external candidates.