Business Insider•8 hours agoBANK OF AMERICA: The most important segment of the housing market has peaked
The top is in for existing-home sales, which make up 90% of transactions in the US, according to economists at Bank of America Merrill Lynch. The largest segment of the housing market has peaked and will no longer contribute to the US economy's growth, according to US economists at Bank of America Merrill Lynch. "We are calling it," the team led by Michelle Meyer said in a research note on Friday.
- TheStreet.com•7 hours ago
Legendary Technician Gives Her View of the Current Market
Louise Yamada is a Wall Street legend. As one of the first female technicians, she called the Enron and Tyco debacles before they happened and knew someone was selling the financials as early as 2007. Listen to her now explain the current state to the
- The Wall Street Journal•19 hours ago
The Case for Revamping 401(k)s
Over the next five years, the federal government will provide subsidies in excess of $1 trillion for retirement saving, according to estimates from the Joint Committee on Taxation. The bulk of these subsidies will be delivered through defined-contribution accounts, such as 401(k)s and IRAs, that lower savers’ tax bills if they sock money away for retirement. While retirement security is indeed an important policy goal, the way we subsidize such saving is ineffective, regressive and in pressing need of reform.
Yahoo Finance•1 hour agoStocks fall amid trade tensions, reports Rosenstein may depart
U.S. stocks mostly fell Monday following the roll-out of the Trump administration’s latest round of tariffs on Chinese imports. Reports that Deputy Attorney General Rod Rosenstein may be on his way out also weighed on markets. Rosenstein and President Donald Trump will meet in Washington, D.C., on Thursday to discuss the deputy attorney general’s future in light of recent events, which include a report last week that Rosenstein had previously suggested invoking the 25th Amendment in order to remove Trump from office.
- Investopedia•4 hours ago
AMD Could Triple Market Share on Intel Issues
Analyst Mark Lipacis, who rates the Santa Clara-based semiconductor manufacturer at buy, attributed his upbeat outlook on Intel Corp.'s ( INTC) struggle to ramp up production for its next-generation 10-nanometer processor.
- InvestorPlace•5 hours ago
Facebook Stock Has a New, Looming Problem
If you didn’t know any better, you would call Facebook (NASDAQ:FB) stock a bargain. As of this morning, Facebook stock was trading for about $164 per share. That means investors are paying a little over 25 times earnings for a company that’s growing 40
- CNBC Videos•6 hours ago
JP Morgan's Dimon: I'd rather grow our business than buy ...
J.P Morgan Chase Chairman & CEO Jamie Dimon speaks with CNBC's Jim Cramer about stock buybacks.
- MarketWatch•8 hours ago
Disney stock gains after company loses Sky bid, 'dodges a bullet'
Shares of Walt Disney Co. (dis) are up 1% in premarket trading Monday after the company lost out to Comcast Corp. (cmcsa) in a bidding war for British television company Sky. Bernstein analyst Todd Juenger wrote that Disney "dodge[d] a bullet" and achieved "the best possible result" by missing out on a Sky acquisition. "We never understood why Disney would want to operate a European [direct broadcast satellite] business, and we never understood how Sky would contribute to Disney's DTC strategy," wrote Juenger, who has a market perform rating on the stock and a $113 price target.
- Fox Business•4 hours ago
Goldman's lavish spending on Blankfein’s post-CEO office sparks populist debate at white-shoe firm
Goldman Sachs wants to send Lloyd Blankfein off in style: The prestigious white-shoe investment firm is spending top dollar to build its soon-to-be retiring chief executive a new office as he transitions to an advisor for the firm. The move is not sitting well with many of the rank-and-file employees, several of whom are complaining to FOX Business about the spending on Blankfein’s new digs. In an official statement, a Goldman spokesperson tells FOX Business the cost of the office would be well under $100,000 but would not provide an exact number.
- Money Talks News•yesterday
Do Seniors Still Get an Extra Tax Deduction?
Today’s question is about how last year’s tax reform will affect an old tax deduction: the extra personal exemption we all get when we turn 65. For more information on this topic, check out “Beware These 10 Common and Costly Tax Mistakes” and “How Not to Blow Your Tax Refund.” You can also go to the search at the top of this page, put in the words “taxes” and find plenty of information on just about everything relating to this topic. Hello, everyone, and welcome to your “2-Minute Money Manager.” I’m your host, Stacy Johnson, and this question’s brought to you by MoneyTalksNews.com, serving up the best in personal finance news and advice since 1991.
- Barrons.com•8 hours ago
Johnson & Johnson Might Be Tempted to Buy These 2 Device Makers
Like most everything else these days, medical technology stocks have reached their highest valuations in decades. The med-tech sector is the year’s next strongest gainer. In a recent meditation on med-tech valuations, the analysts at Canaccord Genuity Group attribute med tech’s outperformance to revenue growth, merger activity, and the defensive character of health-care stocks when economic expansions slow.
- InvestorPlace•7 hours ago
Recovery of GE Stock Poised to Be Delayed by Turbine Issue
The company’s latest issue involves GE Power, a division that has already had a series of operational setbacks. Although I do not think this problem will prevent GE stock from eventually rebounding, it could further delay the turnaround of GE Power. The customer, Exelon (NYSE:EXC), found what it described as an “oxidation issue” with the turbine’s fan blades at two Exelon plants in Texas.
- MarketWatch•5 hours ago
Fast-growing chip makers are selling for a discount after Trump tariff announcement
DEEP DIVE Shares of many U.S. semiconductor manufacturers and their suppliers have been hammered over the past week, as investors have learned about the potential effects of President Trump’s trade war with China. But a high level
- MarketWatch•10 hours ago
Amarin's stock rockets nearly 4-fold after positive trial results
Shares of Amarin Corp. (amrn) rocketed nearly four-fold, soaring 286% in premarket trade Monday, after the company said its cholesterol treatment met its primary endpoint of risk reduction. The company said Vascepa LDL-C treatment was also well tolerated. "Cardiovascular disease is the #1 killer of men and women worldwide1 and the REDUCE-IT trial results could lead to a new paradigm in treatment for the millions of patients in Canada currently at risk for this disease," said Greg Gubitz, chief executive of HLS Therapeutics Inc. (ca:hls) which has an agreement to commercialize Vascepa.
- Zacks•3 hours ago
Why Did Disney (DIS) & Netflix (NFLX) Stock Jump Monday?
Shares of Disney DIS and Netflix NFLX surged Monday for completely different reasons. Disney saw its stock price jump nearly 2% Monday after Comcast CMCSA officially outbid 21st Century Fox FOXA to take control of European pay-TV titian Sky SKYAY PLC. Comcast offered $22.59 a share—valued at $38.8 billion—which marked over a 40% premium to the cable and internet power’s February offer. Comcast saw its stock price plummet Monday following the weekend auction conducted by UK regulators.
- Bloomberg Video•11 hours ago
Fed Rates Could Rise More Than Market Expects, Pimco Says
Sep.24 -- Tony Crescenzi, market strategist and portfolio manager at Pimco, discusses Federal Reserve policy, bond yields and the economy. He speaks on "Bloomberg Surveillance."
- Bloomberg•23 hours ago
Iran and New Mega-Refineries Set Asia's Oil Market on Fire
When the Navarin, an oil supertanker carrying 2 million barrels of Middle East crude, docks at the Malaysian port of Pengerang on Monday, the arrival will signal the start of a torrid time for Asia’s oil market. The extra demand comes just as physical oil supplies are made scarcer by U.S. sanctions on Iran. Supplying the new refineries, and their impact on the wider oil market, will be one of the topics of conversation at the annual Asia Pacific Petroleum Conference in Singapore, where hundreds of oil traders from across the region will gather to strike deals this week.
- Barrons.com•3 hours ago
Newell Brands’ Slide Is Called Too Steep
Where we were: Newell has suffered a number of setbacks this year that have weighed on the stock. Consumer-staples stocks have lagged in 2018, but few big names have had as difficult a time as Newell Brands (ticker: NWL), which has fallen more than 33% year to date. Newell has been struggling with several issues, including a test of wills with activist investorCarl Icahn, disappointing guidance, the trade spat with China, a high debt load, and the Toys ‘R’ Us bankruptcy, which recently sent the shares to six-year lows.
- CNBC•1 hour ago
RBC: AMD has more room to run
AMD stock is on course for its best quarter since the early 1990s. Ritholtz Wealth Management CEO Josh Brown bought AMD in July. Shares of Advanced Micro Devices AMD have gained more than one hundred percent in the past three months and one analyst believes there may be more room to go.
- InvestorPlace•6 hours ago
Wells Fargo Stock Could Be Warren Buffett’s Worst Investment
Which begs the question: Is this Warren Buffett’s worst investment? “I see no reason why Wells Fargo as a company…going forward is in any way inferior to the other big banks with which it competes,” Buffett said during annual shareholders meeting in May. “We have a large unrealized gain [in the stock].
- MarketWatch•1 hour ago
How to survive marijuana stocks’ rollercoaster ride
Marijuana stocks have been on a rollercoaster ride in recent weeks, as new investors have entered the sector with thoughts of becoming instant millionaires. The reason is that marijuana stocks are very volatile and often move mostly on sentiment as well as on market mechanics. Further complications arise for marijuana investors from pump-and-dump schemes.
Business Insider•5 hours agoAMD is a better deal than Nvidia — and its stock could soar by 30%, RBC says (AMD)
AMD surged 3% Monday after RBC Capital Markets initiated coverage with a "buy" rating. The bank says AMD is a better buy than Nvidia, and placed a $40 price target on the stock. RBC Capital Markets on Monday initiated coverage of Advanced Micro Devices (AMD), saying the stock is trading at a "notable discount" compared to its semiconductor competitor Nvidia.
Business Insider•3 hours agoA former Facebook exec initially turned down the job — but a few weeks later, she had a change of heart based on a metric she still uses today
Libby Leffler, a former Facebook executive and Google employee, is now the vice president of membership at SoFi. Leffler initially turned down the opportunity to work at Facebook when the company approached her in 2008. In 2008, Libby Leffler was offered a job at Facebook.
- MarketWatch•9 hours ago
Nutanix stock falls after Susquehanna downgrade
Shares of Nutanix Inc. (ntnx) are down 5.3% in premarket trading Monday after Susquehanna analyst Mehdi Hosseini downgraded the stock to negative from neutral. "In our view, the next phase of transformation (vertical integration to become a second source to VMware) will take longer than expected, while the 'more opex/more growth' approach may not yield enough growth acceleration to become profitable anytime soon," Hosseini wrote.
Business Insider•8 hours agoSirius XM's $3.5 billion Pandora deal could be a windfall for George Soros and his big bet on streaming music (SIRI, P)
Sirius XM would give Pandora shareholders 1.44 new shares for every Pandora share they own. Hedge fund billionaire George Soros disclosed a massive stake in Pandora last month, and his bet on streaming music appears to have already begun to pay off. Soros Fund Management, which bought 7.12 million shares, worth $56.1 million, during the second quarter, will receive 1.44 newly issued Sirius XM shares for each Pandora share it owns, at an implied price of $10.14 per share, as part of the satellite-radio company's $3.5 billion, all-stock deal to buy its streaming competitor.
