• 40-year veteran of Wall Street with an knack for market timing calls a bottom in stocks
    CNBC2 days ago

    40-year veteran of Wall Street with an knack for market timing calls a bottom in stocks

    The stock market has reached a bottom following a tumultuous 10 weeks that's seen the S&P 500 in and out of correction territory, Raymond James' Jeff Saut says. The U.S. economy is not going to slow as much as expected and earnings will be strong next quarter, he adds. The stock market has reached a bottom following a tumultuous 10 weeks that's seen the S&P 500 in and out of correction territory, longtime strategist Jeff Saut told CNBC on Thursday.

  • The U.S. Stock Market Is Officially in a Correction. And Financial Stocks Are Now in a Bear Market
    Fortune12 hours ago

    The U.S. Stock Market Is Officially in a Correction. And Financial Stocks Are Now in a Bear Market

    The three major U.S. stock Indexes have all fallen more than 10% from their recent highs, enough to be considered a market correction. All three are in correction territory, having lost more than 10% during the past three months. Financial stocks, which are seen as a bellwether for other sectors, have fallen harder The S&P 500 Financial Sector Index, which tracks bank and financial services stocks in the S&P 500, closed down 1% Friday at $400.72.

  • Rockwell's Moret leads firm past takeover attempt
    American City Business Journalsyesterday

    Rockwell's Moret leads firm past takeover attempt

    With Emerson in the rearview mirror as the calendar turned, the pressure was on Moret and Rockwell to show those shareowners that it would emerge from the pursuit a stronger entity. Moret showed that strength in many facets throughout 2018, perhaps none more crucial than the company’s $1 billion June investment in Massachusetts-based software company PTC. Moret said the company’s information software business stands to more than double over the next few years because of the PTC investment and that the company won new business through the investment, including an agreement with Ford Motor Co.

  • Psychedelics, Ferraris and Art: An Alternative Investment Guide
    Bloombergyesterday

    Psychedelics, Ferraris and Art: An Alternative Investment Guide

    With prospects for equities uncertain, Bloomberg canvassed wealthy investors and advisers to find unusual opportunities in 2019 open to those with big fortunes and a taste for the exotic. “The hedge funder’s new Ferrari” is not Italian, fast or even a car, according to financier-turned-art dealer Asher Edelman. Offering a guaranteed minimum price to those putting fine art on the block has become standard at top auction houses.

  • A few reasons California companies are making an exit for Texas
    American City Business Journals18 hours ago

    A few reasons California companies are making an exit for Texas

    One of the things that struck me was that the study’s author – for the first time in his career – urged California businesses to relocate out of state. “Of all of the research reports that I’ve issued over the years, this is the first time I’m openly recommending that companies relocate out of California," wrote Joseph Vranich, president of Pennsylvania-based Spectrum Location Solutions LLC. “Admittedly, that is a rather brazen statement for a business-analysis document, but it is well justified.

  • 10 Easy Ways to Make Extra Money in Retirement, According to a Business Coach
    Money2 days ago

    10 Easy Ways to Make Extra Money in Retirement, According to a Business Coach

    Do you want to make additional income in retirement? First though, a word of caution: If you’re already collecting Social Security, the amount you earn from these side jobs can potentially affect how much of your benefits are taxed. If your individual combined income is between $25,000 and $34,000, you may have to pay income tax on up to 50% of your benefits, whereas if your income is more than $34,000, then up to 85% of your benefits may be taxable.

  • TheStreet.com21 hours ago

    Insiders Are Buying Heavily as the Crowd Continues Selling

    Two of the major equity indices closed below their support levels Thursday keeping their near-term trends negative while another closed above its near-term downtrend line, turning its trend to neutral. The indices closed mixed Thursday with negative internals on the NYSE and NASDAQ but on lighter volume. Negative signals came from the Dow Transports and S&P MidCap 400, which broke below their support levels.

  • U.S.News & World Report17 hours ago

    Why You Should Sell Your Home in 2019

    And if your house is at the higher end of the price range in your market, you should expect less buyer interest than before. Ron notes the combination of rising mortgage rates and home prices exceeding buyers' budgets are what has caused the slowing of homebuyer activity in recent months. But with available housing inventory remaining low, even with rising interest rates, buyers who are ready to make a purchase will still shop for homes.

  • Buying Johnson & Johnson won't hurt your portfolio, says ...
    CNBC Videos15 hours ago

    Buying Johnson & Johnson won't hurt your portfolio, says ...

    CNBC's Jim Cramer discusses the effect the sell-off is having on the larger market and whether there is a panic on the horizon.

  • U.S.News & World Report2 days ago

    Know These 6 Federal Tax Changes to Avoid a Surprise in 2019

    To avoid a nasty surprise, taxpayers should make a date with their financial planners or accountants before the end of the year to huddle about any last-minute strategies and review their most recent tax return. "The big change for individuals is with deductions," says Craig Richards, managing director and director of tax services at Fiduciary Trust Company International in New York. Although the standard deduction nearly doubled to $12,000 for single tax filers and $24,000 for married couples filing jointly, key deductions like state and local taxes and mortgage interest were capped at $10,000.

  • TheStreet.com12 hours ago

    Jim Cramer: I Can't Tell You to Buy This Market

    Almost 50% of those polled believe stocks are going to go down. The last time we had such a reading it was a terrific buying opportunity but you didn't know that then any more than you might know now. I would love to tell you that you should buy the market because it is so hated.

  • These Are the Fastest Growing Jobs and Skills Gaps Nationwide
    Fortune2 days ago

    These Are the Fastest Growing Jobs and Skills Gaps Nationwide

    LinkedIn just published its U.S. Emerging Jobs Report for 2018, measuring the fastest growing jobs and skills nationwide. Banking off an economic boom, the takeaways from the professional social network’s latest report tout big numbers for wage growth matched by a strong job market. LinkedIn says the race to recruit highly-skilled talent is especially competitive going into 2019.

  • Fox Business2 days ago

    Workers are 'ghosting' employers in booming US labor market: Report

    With the U.S. unemployment at its lowest level in decades, a growing portion of the workforce is opting to “ghost” their employers and leave their jobs without a word. “A number of contacts said that they had been ‘ghosted,’ a situation in which a worker stops coming to work without notice and then is impossible to contact,” the Federal Reserve of Chicago said in the December edition of the Beige Book, which tracks U.S. employment. The unemployment has held at 3.7 percent since September, marking the lowest level in roughly five decades.

  • What we know so far about the $1B campus Apple is planning at Robinson Ranch
    American City Business Journals2 days ago

    What we know so far about the $1B campus Apple is planning at Robinson Ranch

    Like an Apple Inc. commercial, hundreds of employees crammed stairwells and against railings at the technology company’s North Austin office on Thursday to hear first-hand the news the company announced in the middle of the night. Austin is already home to the largest Apple (Nasdaq: AAPL) office outside Cupertino, Calif. This expansion will significantly increase the importance of the Texas capital to the global operations of the second most-valuable company in the world, with a market capitalization of $809.6 billion on Thursday afternoon. Site preparation will begin in 2019 on the new site, about a mile away from Apple existing campus at 5501 W. Parmer Lane, said Kristina Raspe, Apple's vice president of real estate.

  • The Latest: SC gov: Merger deal 'best of a bad situation'
    Associated Press15 hours ago

    The Latest: SC gov: Merger deal 'best of a bad situation'

    South Carolina Gov. Henry McMaster says state regulators did their best to resolve a mess in approving a merger between a troubled South Carolina utility and Virginia-based Dominion Energy. McMaster on Friday expressed confidence the South Carolina Public Service Commission "vigorously sought to make the best of a bad situation" in trying to determine how to deal with the fallout from last summer's abandonment of the construction of two new nuclear reactors. Commissioners voted Friday to OK Dominion's roughly $15 billion cash and stock bid to buy SCANA, the parent company of South Carolina Electric & Gas.

  • If we lose China, we lose the bull market, says Again Cap...
    CNBC Videos15 hours ago

    If we lose China, we lose the bull market, says Again Cap...

    John Kilduff of Again Capital joins "Closing Bell" to discuss the slide in the energy sector led by oil stocks.

  • Boeing is hiring an intern for its 797 New Mid-market Airplane
    American City Business Journals15 hours ago

    Boeing is hiring an intern for its 797 New Mid-market Airplane

    Boeing is offering a top young U.S. engineer a dream 2019 internship opportunity: A job working on its New Mid-maket Airplane (NMA) program, which some call the 797. The engineering students would start on Boeing's developmental NMA airplane program sometime between January and April next year. The intern would "engage early in our development cycle on the production system of the future" and "interact directly with our company leaders to discuss strategy and the future of Boeing." The job posting comes at a pivotal time for the new airplane program and also as aerospace companies in the Puget Sound region are grappling with a talent shortage.

  • U.S.News & World Report19 hours ago

    4 Smart Investment Moves for Near-Retirees in a Volatile Market

    Baby boomers should be aware of how a rising rate environment may affect their retirement income strategies. "Although rates have been rising this year, we don't expect a significant move higher from this point, especially if market volatility continues and investors reallocate from risky stocks to safer bond investments," says David Spika, president at GuideStone Capital Management in Dallas. "However, it may be prudent to allocate a portion of your portfolio to asset classes that offer safety, but also mitigate the risk of rising interest rates."

  • TheStreet.com2 days ago

    GE Investors Lose Their Minds Over an Analyst 'Upgrade'

    Investors have $1.50 upside potential versus a $1.50 downside; however, with the stock trading in the low $7s on Thursday spurred by this upgrade, risk now outweighs reward significantly. This all isn't a knock on the analyst, but rather on the folks reacting to it. The analyst has been very accurate, so I question why folks are basically betting against him now.

  • Benzinga2 days ago

    Adobe Systems Q4 Earnings Preview

    Adobe Systems Incorporated (NASDAQ: ADBE) announces its next round of earnings this Thursday, Dec. 13. Here's Benzinga's advanced look at Adobe's Q4 earnings report. Wall Street analysts see Adobe Systems Incorporated reporting earnings of $1.88 per share on sales of $2.43 billion.

  • Suit claims YRC units overcharged U.S. Department of Defense
    American City Business Journals13 hours ago

    Suit claims YRC units overcharged U.S. Department of Defense

    The federal government has sued units of YRC Worldwide Inc. for allegedly overbilling the Department of Defense by millions of dollars. The suit filed in U.S. District Court in Buffalo, N.Y., claims that the Overland Park-based trucking carrier (Nasdaq: YRCW) not only overbilled for a period of seven years. Prosecutors also allege that company officials made false statements to the government to conceal the overcharges.

  • TheStreet.com11 hours ago

    Bargains Are Being Created: Cramer's 'Mad Money' Recap (Friday 12/14/18)

    This has become a treacherous stock market, Jim Cramer cautioned his Mad Money viewers Friday. Cramer reminded viewers this bear market was created by Federal Reserve chair Jay Powell in early October, and only he has the ability to fix it by not hiking interest rates next week and instead looking at the data, which warrants a wait-and-see approach.

  • U.S.News & World Report2 days ago

    7 Worthy Dividend Stocks Investors May Overlook

    Income investors seek reliable, not flashy. Many investors in the market for dividend stocks first peruse a fairly short list of popular companies, thinking that these big-name corporations are inherently more stable than their peers. What dividend investors should look for instead is a long history of consistent dividend payments and steady dividend increases -- even if the stock paying them isn't as flashy or well known.

  • TheStreet.com16 hours ago

    Johnson & Johnson Shares Plunge After Report It Knew of Asbestos in Baby Powder

    shares plunged the most in more than 15 years Friday following a report that said the company knew for decades that its iconic baby powder sometimes contained asbestos and failed to alert authorities. Reuters reported Friday that Johnson & Johnson knew both its raw talc and finished powder tested positive for traces of asbestos, a carcinogen, citing documents linked to a court case that saw a jury in Missouri award $4.7 billion to 22 women who said that the products contained asbestos and caused them to develop ovarian cancer. Reuters also said the company tried, unsuccessfully, to influence plans by U.S. regulators to reduce the amount of asbestos that could legally remain in some cosmetic talc products.

  • Wall St. CEO calls out men afraid to be alone with a female colleague in the #MeToo era
    Yahoo Finance2 days ago

    Wall St. CEO calls out men afraid to be alone with a female colleague in the #MeToo era

    Long-time investment bank CEO Richard Handler, who’s led Jefferies (JEF) since 2001, called out men working on Wall Street who are afraid to be alone with a female colleague in the #MeToo era. “As calendar 2018 comes to a close, it’s not only the painful market volatility and collapsing asset values on our mind. The thing that vexes us is the thoughtless, paranoid and fundamentally wrong reaction that many people in our industry are expressing about the #MeToo movement and many other efforts to assure fairness and decency in the workplace,” Handler wrote in a firmwide memo.