Oil prices rose more than 1% on Monday, as investors worried about possible supply disruptions in the energy-rich Middle East after Iran's seizure of a British tanker last week. Brent crude futures climbed 79 cents, or 1.3%, to settle at $63.26 a barrel. West Texas Intermediate (WTI) crude settled up 59 cents, or 1.1%, at $56.22 a barrel.
Warren first pitched a student debt plan as a presidential candidate in April, and then started discussing the upcoming legislation in June. Taken together, Warren's plans attack student debt in three ways: Cancelling debt, reforming the predatory — or “lousy” — student loan system that's in place, and making college free for all. I was shocked when I woke up one morning … and saw that student loan debt had eclipsed credit card debt,” Rep. Clyburn said at a press conference to unveil the legislation.
Canadian National (NYSE: CNI) reported increases in net profit and revenue in the second quarter of 2019, with its acquisition of trucking and transportation provider TransX providing both higher revenue and costs. The company said its adjusted net profit was $1.25 billion in the second quarter, compared with $1.12 billion for the same period in 2018. Second quarter revenue rose 9 percent to $3.96 billion, while operating income increased 11 percent to $1.68 billion.
Shares of iRobot sank in after-hours trading Tuesday after the company lowered its full-year earnings forecast citing the ongoing effects of President Donald Trump's trade war with China. Shares fell $16.23, or 18%, to $73.40 in after-hours action. The company said in a statement that "the direct and indirect impacts of the ongoing U.S.-China trade war and the recently implemented 25% tariffs are likely to constrain U.S. market segment growth in the second half of the year below our expectations at the start of 2019."
After months of speculation and reports, the U.S. government openly announced Tuesday afternoon that it is investigating the largest U.S. tech companies for anticompetitive practices, an inquiry that could lead to antitrust charges. Previous reports had suggested that the Justice Department and Federal Trade Commission had worked together to split up individual investigations against Google parent company Alphabet Inc. (GOOGL)(GOOG) Amazon.com Inc. (AMZN) Apple Inc. (AAPL) and Facebook Inc. (FB) , but those reports were never officially confirmed by the government nor the companies.
The stock market really hasn't had much “oomph” lately, and Tuesday's quiet session was another example of just that. Let's see if that gives us any momentum as we delve through a few top stock trades. Shares of Lockheed Martin (NYSE:LMT) are struggling for direction despite delivering an earnings and revenue beat, and raising its full-year guidance.
Curaleaf (CURLF), the largest cannabis company in the U.S. by revenue, saw shares close more than 7% lower Tuesday after the U.S. Food & Drug Administration sent the company a warning letter over its CBD marketing practices and “unsubstantiated” health claims. The FDA flagged problematic claims on Curaleaf's website that touted health benefits from its CBD lotions and creams that included “properties that counteract the growth of [and/or] spread of cancer," as well as that products were capable of “killing human breast cancer cells." Other posts flagged by the FDA, which have since been removed, claimed CBD worked as an effective treatment for Alzheimer's and Parkinson's disease.
And with its low stock float, this independent streaming firm could eventually become a takeover target. After Roku stock price jumped in recent weeks, what should investors expect from Roku stock going forward? Roku Is a Potential Takeover Target Roku is the last of the independent streaming services.
Easy-money policies of global central banks have made dividend stocks more important than ever for investors who need income. The U.S. Federal Reserve, European Central Bank, Swiss National Bank and other central banks around the world are in loosening mode, which is pushing down interest rates and inadvertently hurting income investors. On the other hand, U.S. stock prices are near record highs.
Jeff Williams co-created the Apple Watch and runs the company's global operations. Now he's the heir apparent if CEO Tim Cook were to leave. Bloomberg's Mark Gurman reports on "Bloomberg Markets."
As I write this, the balance in my checking account is $603.49, but I have no idea whether that's good or bad. Is there a “right” amount to have in my checking account? Gilpatrick needs these answers because a cash reserve “is there in case you can't pay your bills,” she says.
(V) (ticker: V) on Tuesday reported June quarter earnings results above Wall Street expectations. Visa posted adjusted earnings of $1.37 a share for its fiscal third quarter, versus the $1.32 analyst consensus. It generated $5.8 billion of revenue in the quarter, compared with the $5.7 billion average analyst estimate.
Sin stocks, especially those in tobacco industry, have been having a rocky year. Even marijuana stocks have come back down to earth, as the popular cannabis exchange-traded fund ETFMG Alternative Harvest ETF (NYSEARCA:MJ) has given back a lot of its gains from the first quarter of the year. At one point in the year, MJ was up well over 40%.
Erin Gibbs, president and chief investment officer of Gibbs Wealth Management, talks about U.S. stocks, the trade spat between the world's two largest economies, and corporate earnings. She speaks on "Bloomberg Daybreak: Australia."
With AT&T (NYSE:T) set to report its earnings on Wednesday morning, the results are very unlikely to boost AT&T stock. With T stock's dividend yield topping 6% and AT&T owing a staggering total of nearly $196.5 billion as of the end of the first quarter, no one should be surprised if the company cuts its payout. The report that AT&T is looking to sell its Puerto Rico business indicates that it knows it badly needs cash.
Thanks to shoppers spending cautiously on clothes in recent months — despite a rallying stock market and low 3.7% unemployment rate — retailers of all kinds are sitting on mountains of excess inventory. Now that inventory must be worked off at profit-margin-busting prices in order to make way for the lucrative, full-price garb targeted to back to school shoppers in August and September. That backdrop sets the stage for scores of earnings misses, lowered profit outlooks and downtrodden earnings calls with Wall Street when the retail sector begins to release results in mid-August.
A few generations ago, if you were in your 50s, you were likely on the downhill slide to retirement, with most big financial decisions in the rearview mirror. Planning for life once that full paycheck is gone still should be at the forefront of financial strategy for 50-somethings, according to financial advisors. The first thing to do is take a step back and re-evaluate retirement goals, said AJ Smith, vice president of financial education at SmartAsset.
Here's what Wall Street analysts are expecting, according to data compiled by Bloomberg: Revenue: $20.45 billion Adj. earnings per share: $1.96 Last week, Boeing announced that it will be taking a $5.6 billion pre-tax, $4.9 post-tax, hit from the 737 MAX jet woes. The charge includes what Boeing estimates it would have to pay airline customers for groundings and delivery delays.
Stocks to Buy From This Superstar Fund Those penny stocks to buy are more difficult to find in a market near all-time highs, but they're still out there. Here are seven penny stocks to buy that could provide solid returns for investors going forward. The 7 Best Penny Stocks to Buy: Chesapeake Energy (CHK) I've had an on-again, off-again attraction to Chesapeake Energy (NYSE:CHK) over the past couple of years.
Alibaba revealed its ambitious plans for the U.S. market on Tuesday by launching new capabilities for U.S. businesses on Alibaba.com, including domestic payments, marketing tools, and a U.S.-based support team. It is also kicking off, in Brooklyn, New York, a national tour to recruit U.S. small businesses to sell on its platform. A few anchor retailers like Office Depot (ODP) and RobinsonFresh have already opened their stores on Alibaba.com, but the company is not disclosing the exact number of U.S. sellers that have signed up for the new initiative so far or its goal.
On average, analysts predicted profit of $1.37 a share and sales of $3.84 billion, according to data compiled by Bloomberg. At the high end, that represents a revenue decline of 7.3% from a year earlier. A better-than-feared outlook from Texas Instruments signals that a slump in orders for electronic components may end soon and helps counter concern that the China-U.S. trade dispute will hurt the overall economy.
In fact, it's done everything right, and everything it was expected to do a year and a half ago. The market simply doesn't care because circumstances changed in the meantime. Still, unless those circumstances change for the better again, iQiyi's results won't quite matter.
Biotech stocks have to be the ultimate risk and reward equities. Just take a look at the gains for the SPDR S&P Biotech ETF (NYSE:XBI). Many biotech stocks are just one bad trial away from crashing, burning and causing plenty of heartache for their shareholders.
You wouldn't know it by looking at the stock market, but one more economic indicator is flashing a warning about the U.S. economy. The indicator is the Chicago Fed National Activity Index, which combines 85 indicators to measure the strength of the economy and inflation in the U.S. The index, which is released monthly, came in at a negative 0.02 on Monday, below economist expectations for a positive 0.1. It was negative for a seventh month in a row.
Two and a half months after the White House banned the purchase of Iran's oil, the nation's crude is continuing to be sent to China where it's being put into what's known as “bonded storage,” say people familiar with operations at several Chinese ports. The store of oil has the potential to push down global prices if Chinese refiners decide to draw on it, even as the Organization of Petroleum Exporting Countries and allies curb production as growth slows in major economies.