"It is a voluntary plan and offers employees three weeks' pay for every year of service," Verizon spokesman Jim Gerace said, without providing details on the number of employees who would be offered the plan. Verizon had about 153,100 employees as of June.
U.S. equities are under pressure on Monday amid fresh U.S.-China trade tensions (Beijing is threatening to abandon discussions) and reports in the political press that Deputy Attorney General Rosenstein — who is in charge of the Mueller investigation — has resigned in anticipation of being fired by President Trump. Subsequent reporting says that Trump and Rosenstein had an extended conversation and will meet on Thursday when Trump returns to Washington D.C. Stocks are weakening on worries the fate of the Russia investigation is tied up with Rosenstein.
Check out the companies making headlines after the bell: CenturyLink CTL shares fell about 4 percent in after-hours trading following news that CFO Sunit Patel has resigned from the telecom company, effective Sept. 28. VP of Finance Neel Dev will act
After a paradigm-shifting study of Amarin Corp.’s heart medicine caused the drugmaker’s stock to more than triple, bullish investors were likely popping champagne -- while those that called it quits were left crying in their beers. Amarin’s market value ballooned to more than $3 billion on Monday from $886 million at Friday’s close, after a closely watched study showed that the company’s purified fish oil Vascepa sharply reduced the risk of cardiovascular problems for the most at-risk patients. Known for making bets across the biotech spectrum, the investment firm held a $70 million stake in Dublin-based Amarin as of June 30, according to Bloomberg data.
Will turmoil in D.C. derail the rally. Just how bad can the chaos in D.C. get? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.
Facebook Inc. investors woke up to another surprise this morning: Instagram co-founders Kevin Systrom and Mike Krieger are leaving the social-media giant amid disagreements with CEO Mark Zuckerberg, raising concerns over the future of the platform. Meanwhile, investors in peer Snap Inc. are taking advantage of Facebook’s woes, sending shares up as much as 5.3 percent.
Tesla (NASDAQ:TSLA) has been all over the map, forcing investors to focus on seemingly everything except the automaker’s production. Tesla stock has been as volatile as ever, thanks to concerns over CEO Elon Musk, the Justice Department and whether the company is going private. One must wonder where TSLA stock price would be trading had Musk not said anything about “considering” taking Tesla private at $420 per share shortly after the company reported its second quarter earnings.
Boston Scientific Corporation BSX recently launched its new urology device globally. Called LithoVue Empower Retrieval Deployment Device, it will be used together with the LithoVue Single-Use Digital Flexible Ureteroscope and a compatible nitinol retrieval
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.
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.
Investors in Advanced Micro Devices, Inc. AMD need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
Facebook is being sued by a former content moderator in a lawsuit seeking class action status. The moderator alleges she experienced PTSD because of her job and that Facebook failed to provide a safe working environment. Content moderators are tasked with policing illegal and unsavory content online, and can be exposed to child abuse imagery, graphic violence, and other dark material.
Its shares are up nearly 150%, with CEO Jack Dorsey winning praise for his dual rules heading both Square and (TWTR) (TWTR). Dolev believes there’s more ahead: He’s placed a $125 share price target, 40% above current levels and the highest on Wall Street according to FactSet, on the stock.
Trade concerns scuttled the Dow’s rally on Monday, but stocks were trying to bounce back Tuesday as attention turns to the Federal Reserve and a likely rate increase on Wednesday. Michael Kors Holdings is buying Versace and changing its name, while Facebook is sliding following the departure of Instagram’s co-founders. •…and explain why CenturyLink is sliding.
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Microsoft (MSFT), which belongs to the Zacks Computer - Software industry, could be a great candidate to consider. This software maker has an established record of topping earnings estimates, especially when looking at the previous two reports.
CNBC's 'Squawk on the Street' team discusses Qualcomm filing charges against Apple claiming that they were stealing and delivering code to Intel. These are separate charges from the filing last November.
Walgreens Boots Alliance, Inc. WBA has been gaining investors’ confidence on consistently upbeat results. The company’s projected earnings growth rate for the current year is also favorable at 17.1% in contrast to the industry’s 2.6% decline. With solid prospects, this Zacks Rank #2 (Buy) stock is an attractive pick for investors at the moment.
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Altria (MO) is headquartered in Richmond, and is in the Consumer Staples sector.
A hedge fund run by the CEO of Sears says time is running out for the struggling retailer and has proposed a restructuring plan that it says would help the chain avoid bankruptcy. ESL Investments, owned by Eddie Lampert, who holds the top spot at Sears, is proposing the company sell off $1.75 billion in assets including $1.5 billion in real estate to reduce the company’s debt to $1.24 billion, according to a filing with the Securities and Exchange Commission. “Sears now faces significant near-term liquidity constraints,” the filing said, later adding the retailer “must act immediately” to be able to continue its ongoing transformation to return to profitability.
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
Alibaba (NYSE:BABA) looks absurdly cheap at the moment. Alibaba grew revenue 58% year over year in fiscal 2018 (ending March), and non-GAAP earnings per share surged by 40%. Margins were pressured in the first quarter, admittedly. But the top line still
U.S. oil exports to China are becoming a casualty of Donald Trump’s trade war with Xi Jinping’s administration. Unipec, the trading unit of top Chinese refiner Sinopec, has put a plan to boost U.S. crude imports on hold as it assesses the impact of the Asian nation’s trade war with America, according to company President Chen Bo. The reluctance to boost purchases shows how the trade war between the major economies is reverberating in the world of energy trading even though crude isn’t yet subjected to tariffs.
Shares of Intel Corp. (intc) are down 1.1% in premarket trading Tuesday after Raymond James analyst Chris Caso downgraded the stock to underperform from market perform due to "a number of headwinds mounting against the company, set to impact longer-term growth expectations and profitability." He said that his meetings show more optimism for Intel competitors than in past years. "Intel's well documented CPU shortage persists through the September quarter," Caso wrote. "Some PC OEMs have shifted volume to Advanced Micro Devices Inc. (amd) as a result." He is more downbeat on the semiconductor sector in general, and he downgraded shares of Analog Devices Inc. (adi) Microchip Technology Inc. (mchp) and ON Semiconductor Corp. (on) to market perform from outperform on Tuesday as well.
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:Tosoh Corporation TOSCF is a seller of basic chemicals, petrochemicals, specialty products and fine chemicals. The Zacks Consensus Estimate for its current year earnings has been revised
Alibaba’s Group Holdings Ltd.’s ( BABA) price is over 23% off its 2018 highs, and options traders are betting shares fall as much as 8% more by the start of the new year. Technical analysis also suggests the stock may head lower, back to its 2018 lows over the coming weeks. The stock has been falling as trade tensions between the U.S. and China continue to escalate.