- Yahoo Finance•yesterday
The Trump tax cuts will benefit investors, not workers, this CEO says
Dozens of companies have given employees one-time bonuses on account of the tax cuts President Trump signed into law last year. In fact, ADP’s CEO recently told employees that investors, not workers, will see most of the benefits of tax cuts. At an internal town hall meeting on March 15, ADP CEO Carlos Rodriguez fielded an employee question on what the company planned to do with the savings from corporate tax cuts.
- MarketWatch•13 hours ago
Mobius says there’s a 30% correction coming for U.S. stocks
Mark Mobius, the 81-year-old investment guru, believes the U.S. stock market is set for a 30% correction that would essentially wipe out the gains of the last two years. The renowned fund manager, who left Franklin Templeton, the American investment house, after more than 30 years in January, said “all the indicators” point to a large fall in the S&P 500 SPX, -0.85% and the Dow Jones Industrial Average DJIA, -0.82% . “I can see a 30% drop,” said Mobius, who launched one of the world’s first emerging market funds. “When consumer confidence is at an all time high, as it is in the U.S., that is not a good sign. “The market looks to me to be waiting for a trigger that will cause it to tumble. You
- Zacks•2 days ago
Transocean (RIG) Wins Multiple Contracts as Oil Prices Rise
The first contract secured by Transocean is for its semi-submersible rig, GSF Development Driller I in Australia. The contract is an extension of the rig’s current work, which is scheduled to terminate in September 2018. Quadrant Energy intends to extend the contract, which will now deploy the rig for two more months — November and December.
InvestorPlace•yesterday8 Long-Term Uptrend Stocks to Buy
Netflix, Inc. (NASDAQ:NFLX) has been on a mission, both in reality and in the stock market. As you can see, Netflix stock has been a beast. Over its previous highs and above $330, Netflix stock is basing nicely.
- InvestorPlace•12 hours ago
Southern Company Leads 6 Dividend Stocks Boosting Payouts
A strong start to earnings season helped the S&P 500 Index inch higher over the last week. Several major businesses added to the positive sentiment with announcements of higher dividends. 6 notable dividend stocks increased their payouts over the last
- Bloomberg•2 days ago
Trump's Claim of ‘Oil All Over the Place’ Isn't True Anymore
U.S. President Donald Trump’s assertion that OPEC is propping up oil prices amid oversupply and an excess of floating storage has a problem: it’s only half true. While OPEC has been curbing supply in a successful bid to revive oil prices, the group’s success means that there’s no longer a global glut of oil. “Looks like OPEC is at it again,” Trump said in a Twitter post. “With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted!” Since January 2017, the Organization of Petroleum Exporting Countries and other nations led by Russia have been slashing supply. OPEC’s compliance with the agreement
InvestorPlace•yesterday5 Top Stock Trades for Monday Morning
As earnings season is starting to pick up pace, here’s a look at some the top stock trades in the stock market. With shares of Apple Inc. (NASDAQ:AAPL) down more than 4% Friday, it’s no wonder tech is having a tough day. Many investors are trying to figure out what to make of Apple’s 7% slide over the past three trading sessions.
- Fox Business Videos•yesterday
Silicon Valley companies join Google protestors in fighting drone program
Lt. Gen. Thomas McInerney (Ret.) on how multiple technology companies have joined thousands of Google employees in protesting the company’s involvement in a drone program.
- MarketWatch•5 hours ago
Female pilots are a rarity at commercial airlines in the U.S.
Female pilots are rare, especially in the U.S. When a Southwest Airlines LUV, -0.05% plane’s engine exploded mid-flight this week, pilot Tammie Jo Shults, 56, made an emergency landing. She is a former Navy pilot and one of the first women to fly an F/A-18 fighter jet. Shults is an anomaly among airline pilots — and not just because she was able to stay calm in such extreme circumstances As a female pilot, Shults is part of a small group. Just 6.3% of commercial pilots and 6% of non-commercial pilots in the United States are women, according to the Institute for Women of Aviation Worldwide, a nonprofit based in Vancouver. That’s 6,081 commercial female pilots and 10,247 non-commercial female
- InvestorPlace•2 days ago
7 Stocks to Buy for Big May Dividend Hikes
There are three – and only three – ways a company’s stock can pay us: A cash dividend. For example, if a stock pays a 3% current yield and then hikes its payout by 10%, it’s unlikely that its stock price will stagnate for long. For example let’s look at Verizon Communications Inc. (NYSE:VZ), it pays a generous dividend – but doesn’t raise it meaningfully.
- InvestorPlace•2 days ago
7 REITs With Big Dividend Raises Coming
“First-level” investors – those who buy and sell on headlines – mistakenly believe that real estate investment trust (REIT) profits will suffer if rates continue to rise. Overall, rising rates are actually good for the best REITs because it signals a rolling economy. Take the Vanguard REIT ETF (NYSEARCA:VNQ), which is now paying its highest current yield since 2009.
Reuters•13 hours agoFord tells WPP it will take bids from other ad agencies
Ford Motor Company said on Saturday it will take bids on some of its advertising managed by WPP, adding to uncertainty around the British ad giant after last week's exit of founder Martin Sorrell. While Ford's decision does not affect all of its accounts with WPP - and the agency will be able to bid for the rest of the business along with everyone else - it comes at a difficult juncture for the world's biggest advertising firm. Saturday's announcement is part of a review of Ford's strategy that has lasted since November, when it told long-time partner WPP that it was considering its future ad model.
Associated Press•22 hours agoDOJ looks into how AT&T, Verizon handle defecting customers
The Justice Department has opened an antitrust investigation into whether AT&T, Verizon and a standards-setting group worked together to stop consumers from easily switching wireless carriers. The U.S. government is looking into whether AT&T, Verizon and telecommunications standards organization GSMA worked together to suppress a technology that lets people remotely switch wireless companies without having to insert a new SIM card into their phones.
Reuters•yesterdayTrump rails against high oil prices, OPEC pushes back
WASHINGTON/JEDDAH, Saudi Arabia (Reuters) - U.S. President Donald Trump accused OPEC on Friday of "artificially" boosting oil prices, drawing rebukes from some of the world's top energy exporters. "Looks like OPEC is at it again. Oil prices are artificially Very High! No good and will not be accepted!" Trump wrote on Twitter.
- CNBC.com•yesterday
Cramer Remix: The most eagerly anticipated report of the year
The market may have faced a brutal decline on Friday led by the stock of Apple, but CNBC's Jim Cramer knows investors could handle a dip in the stock of the world's largest company. "And we can handle the yield on the 10-year Treasury surging ever closer towards 3 percent. But we can't handle both in the same day," the "Mad Money" host said. "Hence today's shellacking." Cramer blamed the algorithmic processes that direct machines to sell stocks and buy bonds when Treasury yields approach 3 percent, noting the influx of good earnings reports that happened ahead of the weekend. With that negativity in mind, Cramer turned to the stocks and events he'll watch in earnings season's fullest week yet,
- BBC News•2 days ago
German court rejects ad-block challenge
Germany's supreme court has rejected a legal case that sought to stop people using the popular Adblock Plus program that removes ads from websites. The lawsuit was started three years ago by German publishing giant Axel Springer. It alleged that the way Adblock Plus stopped people seeing adverts on its sites amounted to unfair competition. Axel Springer said it would continue its legal challenge by taking the issue to Germany's Constitutional Court. Free speech Adblock Plus is widely used to stop intrusive pop-up adverts and limit tracking by websites of where people go online. Adblock Plus creator Eyeo, which is based in Cologne, claims the PC version of its software has been downloaded more
- CNBC Videos•2 days ago
Ford is using bionic suits help employees work safer
Ford is using exoskeleton suits created by Ekso Bionics to help its line workers work safer. EksoVest provides a 15 pound assist on each arm, helping people work overhead longer.
Reuters•11 hours agoU.S. regulator permits China's ZTE to submit more evidence
The U.S. Commerce Department has granted ZTE Corp's request to submit more evidence after the agency banned American companies from selling to the Chinese technology firm, a senior Commerce official said on Saturday. The U.S. Commerce Department's Bureau of Industry and Security, or BIS, this week banned American companies from selling to ZTE for seven years, saying the Chinese company had broken a settlement agreement with repeated false statements. The action was sparked by ZTE's violation of an agreement that was reached after it was caught illegally shipping U.S. goods to Iran.
- MarketWatch•5 hours ago
How the new tax law creates a ‘perfect storm’ for Roth IRA conversions
For years I’ve lectured about the wonderfulness of Roth IRAs. While the new Tax Cuts and Jobs Act (TCJA) includes one negative change for Roth IRAs, they are still pretty wonderful. Here’s what you need to know about Roth IRAs and especially Roth IRA conversions in the post-TCJA world. Roth IRAs have two big tax advantages The two most-important Roth IRA tax advantages are: Tax-Free withdrawals Unlike traditional IRA withdrawals, qualified Roth IRA withdrawals are federal-income-tax-free and usually state-income-tax-free too. What is a qualified withdrawal? It’s one that is taken after you, as the Roth account owner, have met both of the following requirements: 1. You’ve had at least one Roth
Zacks•2 days agoAdvanced Micro (AMD) Q1 Earnings: Is a Beat in the Cards?
Advanced Micro Devices, Inc. AMD is scheduled to report first-quarter 2018 earnings on Apr 25.Notably, the stock has delivered an average four-quarter positive earnings surprise of 35%. In the last reported quarter, the company came up with a positive
The Street•yesterdayShould Tesla Nominate a New CEO Not Named Elon Musk?
Earlier this year, Tesla Inc. (TSLA) shareholders approved a new 10-year compensation plan for CEO Elon Musk that would pay him handsomely. Several billion dollars worth of handsome. However, in order for the maximum compensation to be paid out, Tesla and Musk have to hit a number of lofty milestones. One requirement? That Musk is still there. However, he doesn't need to be serving as CEO in order to still make his money. That's brought on speculation about how much longer Musk may serve as CEO of Tesla. In 2014, Musk said he would continue to serve as CEO for the next four to five years and after that "it's TBD." That would put him in 2018 or 2019. Before that, he wanted to at least introduce
- InvestorPlace•2 days ago
Philip Morris International Inc.: An Industry Goes Up in Smoke
Philip Morris International Inc. (NYSE:PM) shares fell off a cliff on April 19 after the company reported disappointing earnings. The fall was bigger than the disappointment, but it seemed to portend trouble for tobacco generally and took the whole consumer staples sector of the market down with it. The company — which sells exclusively outside the U.S. and spun-out from Altria Group Inc (NYSE:MO) in 2008 — had net income of $1.65 billion, $1.00 per share, on revenue of $6.9 billion.
- TechCrunch•9 hours ago
Pivotal CEO talks IPO and balancing life in Dell family of companies
On one hand its part of the EMC federation companies that Dell acquired in 2016 for a cool $67 billion, but it's also an independently operated entity within that broader Dell family of companies -- and that has to be a fine line to walk. Whatever the challenges, the company went public yesterday and joined VMware as a separately traded company within Dell. CEO Rob Mee says the company took the step of IPOing because it wanted additional capital.
- InvestorPlace•yesterday
AT&T 5G Revolution: What Is “Fake” or Pseudo 5G?
The AT&T Inc. (NYSE:T) 5G revolution is here as the company is rolling out the advanced connection for mobile devices this year. AT&T will eventually roll out real mobile 5G in 12 cities by the end of 2018. The company added that it will also be launching LTE-LAA, which is a faster type of LTE connection that consists of an unlicensed spectrum–this one will be available in parts of Boston, Sacramento and McAllen Texas.
- TechCrunch•yesterday
SmugMug acquires Flickr
Two photo-sharing services are teaming up, as SmugMug buys Flickr from Verizon's digital media subsidiary Oath. USA Today broke the news and interviewed SmugMug CEO Don MacAskill, who said he hopes to revitalize Flickr . At the same time, he said he's still figuring out his actual plans: "It sounds silly for the CEO to not to totally know what he’s going to do, but we haven’t built SmugMug on a master plan either.
