Apple Inc. announced a series of plans Wednesday that were celebrated as promises to hire thousands of workers and bring home billions of dollars in cash. Well, not necessarily. Apple AAPL, +0.22% said in its release that the company planned to “create over 20,000 new jobs through hiring at existing campuses and opening a new one.” The key word there is “create,” which Apple really likes to use when discussing jobs: The company even has a portion of its website dedicated to “job creation” that claims it is “responsible for 2 million jobs” in the United States, most of which are jobs “attributable to the App Store ecosystem.” Apple currently employs 84,000 people in the U.S., it said Wednesday,
Question: My wife died two years ago at age 53. I am currently 53. At the time, I was told that I would receive 80% of her Social Security when I reached retirement age in addition to my Social Security if I did not remarry. Is this true? We both worked long enough to qualify for Social Security at retirement age. Answer: Looks like you got some bad information, according to Joe Elsasser, president of Covisum and the developer of Social Security Timing. "The general rule of thumb for coordinating all benefits is that a beneficiary receives the higher of his or her own benefit or the benefit of the deceased," he said. That said, even after the law changes a few years ago, Elsasser said there are
Nearly every major cryptocurrency—including bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash—has experienced substantial losses on Tuesday, highlighting concerns over potentially catastrophic regulatory changes in key Asian markets. Similarly, Litecoin has shed about 16.4%, Ripple has crashed more than 24.7%, and Bitcoin Cash has dropped roughly 20.7%. The total market capitalization of the 1,450 cryptocurrencies tracked by CoinMarketCap slumped from a 24-hour high of $713.64 billion to a low of $536.65 billion earlier this morning.
One stock that might be an intriguing choice for investors right now is ConocoPhillips COP. This is because this security in the Oil and Gas - Integrated - United States space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is arguably taking place in the Oil and Gas - Integrated - United States space as it currently has a Zacks Industry Rank of 27 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Retail REIT Realty Income Corporation O has announced a hike in its common stock monthly cash dividend, rejoicing shareholders. This marks the company’s 95th dividend increase since its NYSE listing in 1994. The company will now pay 21.90 cents per share against 21.25 cents paid earlier.
The iPhone cycle will disappoint this year, according to one Wall Street analyst, who issued a rare downgrade of one of the market's most popular stocks. Longbow Research lowered its rating for Apple (AAPL) shares to neutral from buy, predicting the company will ship fewer iPhones than expected in fiscal 2018. "Apple found iPhone price elasticity with the introduction of the X blunting some demand.
If you bought a Bitcoin in early 2017, when one cost less than $900, you could have a profit of more than 1,200 percent now. More than $2,000 of that decline came in about 24 hours, after South Korean Finance Minister Kim Dong-yeon indicated the country may crack down on cryptocurrency trading to discourage speculation. For the many doubters who can’t believe things have come this far—and for Bitcoin owners who can see how much they might lose—the big question is what it would take to knock the price back further.
Pipeline operator, Energy Transfer Partners ETP recently agreed to divest its compression units, CDM Resource Management and CDM Environmental & Technical Services LLC, to natural gas compression services provider, USA Compression Partners, LP USAC for about $1.8 billion. Per the deal, USA Compression will pay $1.225 billion in cash along with 19.2 million of its common units and 6.4 million of its Class B units to Energy Transfer Partners.
The Procter & Gamble Company PG is set to report second-quarter fiscal 2018 results on Jan 23, before market open. The company’s total sales grew only 1% in the first quarter. The improvement during the last reported quarter was due to higher shipment volumes.
Apple on Wednesday announced plans to open a new campus in the United States and said it would hire 20,000 new employees over the next five years. It also says it plans to pay $38 billion in repatriation tax. CNBC estimated that with the new repatriation tax rate of 15.5%, the company would bring nearly all its overseas cash, or about $245 billion, back to the United States.
Early retirement planning makes you rethink what brings you happiness and life satisfaction outside of your career and improves your financial footing. Many Americans are unprepared for retirement and may need to continue working during their 60s and beyond. The sooner you begin planning and making serious efforts to secure your retirement future, the greater your chances of achieving it.
Shares of Ford (F) are falling on Wednesday afternoon, after the company issued disappointing guidance late Tuesday. Ford said that it plans to make big investments in autonomous and electric vehicles, not surprising given similar plans by rivals including General Motors (GM) and Tesla (TSLA). Yet investors were more concerned about Ford's bottom line: The automaker expects 2017 earnings to come in at an adjusted $1.78 a share, lower than the $1.84 a share analysts were expecting, while it projected 2018 earnings of $1.45 to $1.70 a share, compared to the $1.59 a share consensus. Not everyone was down on the news, however. Morgan Stanley's Adam Jonas and his team called Ford's warning a "step
Per reports, biotech bigwig Celgene Corporation CELG is looking to acquire smaller biotech Juno Therapeutics JUNO. Celgene is on the look-out of new deals and acquisitions given a lacklustre 2017. Celgene suffered a series of setbacks over the last few months. Earlier in Jan 2018, Celgene announced it will acquire Impact Biomedicines for an upfront amount of $1.1 billion.
Apple (AAPL) is making a major investment in the U.S. economy. In a release on Wednesday afternoon, the world’s largest publicly-traded company said it would make a “direct contribution” of $350 billion into the U.S. economy over the next five years. The company said this number does not include ongoing tax payments, or tax revenue generated by wages paid to employees or sales tax on Apple products.
Ripple, currently the third-largest digital currency in the world after bitcoin and ethereum, had an extraordinary end to 2017. In the last few days of the year, the price of XRP climbed dramatically. In the process, and with tokens trading for more than $3 each, ripple catapulted past ethereum to become the second-largest cryptocurrency by market cap. (See also: Ripple Briefly Was 2nd Most Valuable Cryptocurrency.) Although it has since fallen by a significant margin, in the first days of 2018, ripple had generated a great deal of excitement. (See also: Bitcoin Price Slides Further; Ripple Builds Lead Over Ethereum.) Perhaps that is why many investors found it odd when Coinbase announced in
Two blockchain ETFs start trading today, but good luck finding them at your local exchange. Shortly before listing, the U.S. Securities and Exchange Commission encouraged Amplify Investments and Reality Shares Inc., the firms behind them, to drop “blockchain” from their names. That’s why the first exchange-traded funds to track companies involved in the digital technology that underpins cryptocurrency transactions are launching under new monikers: the Amplify Transformational Data Sharing ETF, ticker BLOK, and the Reality Shares Nasdaq NexGen Economy ETF, symbol BLCN. The regulator may have been keen to avoid a repeat of recent incidents, like when beverage company Long Island Iced Tea Corp.
Fears over a regulatory crackdown have sent bitcoin prices into a downward spiral. The cryptocurrency is down nearly 50% since its more recent peak, but Pantero CEO Dan Morehead, the founder of the first bitcoin investment firm, on Thursday said the disrupter will overcome volatility. The cryptocurrency has been met with great skepticism from the world’s top bankers over how the virtual currency actually works.
The investigation comes as Broadcom pursues a hostile takeover of Qualcomm in a $103 billion deal. Since the FTC would likely review any merger for anticompetitive practices, the current probe could make regulatory approval more challenging. Broadcom was recently issued subpoenas that seek an extensive amount of information, according to the Wall Street Journal, which was the first to report the probe on Wednesday.
Pharma and biotech stocks made an impressive comeback in 2017 with the Nasdaq Biotechnology Index and the NYSE ARCA Pharmaceutical Index gaining 18.7% and 11.8%, respectively. The company is also working on expanding its pipeline beyond CF into diseases like sickle cell disease & beta thalassemia, adrenoleukodystrophy, alpha-1 antitrypsin deficiency and polycystic kidney disease.
As cryptocurrency markets around the world get smoked in what's been called a "bloodbath," Bank of America CEO Brian Moynihan took the time to warn customers about investing in highly volatile bitcoin. "We’ve basically told people that they could buy it in other accounts, but not at Merrill Lynch. When bitcoin futures launches in December, Bank of America Merrill Lynch, Citigroup, and JPMorgan notably did not provide their customers access to the contracts.
Apple has faced mounting criticism in recent years for avoiding taxes in the US and Europe. Wednesday, it offered critics 38 billion replies. More precisely, Apple said it would pay an estimated $38 billion in tax to bring back to the US some of the cash it has stashed overseas over the years. Apple says the payment would be the largest tax payment of its type in history. But it’s also a pretty good deal for the company. In the wake of the tax-cut bill approved by Congress last month, Apple also announced plans to invest $30 billion in the US over the next five years, to create 20,000 new jobs, spend more with domestic manufacturers and other suppliers, and build a new campus. But it's not clear
Apple (AAPL) is in the spotlight. Its Chinese supplier Catcher Technologies is denying allegations by a New York rights group that it makes employees work 10 hours a day in polluted conditions without proper overtime pay or safety measures in place. Apple and Catcher both claim they investigated the issues and found no evidence of any violations.
For more than two decades, Jeff Bezos has famously sacrificed profit for growth, persuading Wall Street that Amazon.com Inc. was best served pouring money into the logistical nuts and bolts that have turned his company into the Wal-Mart of the web. More recently, investors have found solace in the company’s profitable cloud services business, which has helped offset losses in e-commerce. Over the past several years, Bezos & Co. have quietly put together the pieces for a marketing platform that lets Amazon make money from the sheer size of its audience. Having bet on Amazon cloud services and pushed the shares past $1,300, investors are now salivating about the ad business, which doesn’t require big investments in new data centers or shipping hubs and generates fat margins.