Business Insider•3 hours agoWarren Buffett's advice for CEOs touches on a key issue plaguing the US economy
Warren Buffett generally likes to take a hands-off approach when it come to investing in companies, but he has some advice for CEOs on how to run a business better. Warren Buffett, generally speaking, likes to take the hands-off approach with companies he and Berkshire Hathaway invest in.
- Zacks•yesterday
What's in Store for Advanced Micro (AMD) in Q3 Earnings?
Advanced Micro Devices Inc. AMD is set to report third-quarter 2017 results on Oct 24. Notably, the company has a positive record of earnings surprises in the trailing four quarters, with an average surprise of 35%.In the last quarter, the company reported
The Street•yesterdayThe Top 10 Cities for Amazon's Second Headquarters
As the race heats up and cities state their cases to house Amazon.com's (AMZN) second headquarters, Moody's Analytics has some suggestions for the e-commerce giant. The firm presented Amazon with 10 cities where the new headquarters, which has the potential for 50,000 well-paying jobs and a $5 billion investment, should be located. The results were based on five "broad" categories; business environment, human capital, cost, quality of life, and transportation. A sixth criterion, geography, was also considered to "rank cities based on regional and geographic factors that Amazon might be taking into account," Moody's Analytics noted. The bidding for Amazon's second headquarters closed on Thursday,
- Zacks•yesterday
GE Badly Misses Q3 Earnings, Lowers View & Defers Dividend
Industrial goods manufacturer General Electric Company GE reported relatively lackluster third-quarter 2017 results and badly missed earnings estimate despite top-line growth. GAAP net earnings from continuing operations for the reported quarter were
The Street•yesterdaySears' Grim Fate Seems Nearly Inevitable
The games seem to be ending for Sears Holdings (SHLD) . Because of CEO Eddie Lampert's big position in the stock and his ability (via his hedge fund) to finance, loan and pull out almost every stop in the book, Sears had been prone to sharp rallies. This is despite the growing short-interest betting against its demise. Well, that demise has certainly gained momentum. Shares hit new 52-week lows earlier this week, bottoming out at $5.48 before rallying back to $6. Can it continue to stay afloat? Only for so long. With or without the powerful force of e-commerce, Sears was struggling. Its Canadian operations are all but shot, K-Mart was desolate. The company sold off strong brands like Craftsman
- barrons.com•yesterday
Costco: 5 Reasons to Load Up
Costco (COST) is higher Friday, helped in part by a bullish note from Oppenheimer. Analyst Brian Nagel and David Bellinger reiterated an Outperform rating and $185 price target on Costco, following a meeting with a senior management yesterday at the company's Washington headquarters. Nagel and Bellinger had five main takeaways from the meetings, which reinforced their bullish thesis on the shares and make them think that worries about the threats of ecommerce are overblown. From the note: 1) Management indicates clearly that the company is pleased with results lately and views strengthening sales as a function of a culmination of factors, including new merchandising initiatives and price investments;
Business Insider•2 days agoWall Street banks are starting to sound the alarm on a stock-market correction
Bank of America Merrill Lynch is the latest Wall Street firm to issue a warning about a stock-market correction. BAML joins Morgan Stanley in the ranks of big firms that have sounded the alarm this week. The most recent firm to sound the alarm is Bank of America Merrill Lynch, which forecasts a pullback of at least 10% — the historical definition of a correction — by Valentine's Day.
- Zacks•yesterday
FuelCell Energy to Supply 7.4MW Clean Power to U.S. Navy
FuelCell Energy Inc. FCEL announced that it has entered into a power purchase agreement with the Connecticut Municipal Electric Energy Cooperative for the long-term supply of power to the U.S. Navy Submarine Base in Groton, CT.This power project will
- CNBC Videos•yesterday
IRS to block, suspend tax returns that lack Obamacare dis...
The IRS said it will not accept electronic tax returns, and will suspend paper returns, that do not disclose whether the filer had health insurance coverage during the year.
- CNBC•22 hours ago
A top Microsoft HR exec says you should apply to jobs in these 2 industries
Companies like Microsoft (MSFT) are working hard to secure top talent for new roles . Cloud computing and artificial intelligence, says Chuck Edward, Microsoft's head of global talent acquisition, in an interview with CNBC Make It . You can work in consultative sales, data science and analytics to help customers or nab a job marketing cloud computing, he explains.
Reuters•20 hours agoGE vows $20 billion asset sales, 'sweeping change' as profit falls
General Electric Co's (GE.N) new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called "horrible" results in the third quarter. GE badly missed Wall Street expectations and slashed its full-year forecast, sending shares down as much as 6 percent early in the day. Investors are pushing for big change after more than a decade of frustration at poor returns from the 125-year-old maker of power plants, jet engines, medical devices and other industrial equipment.
Reuters•21 hours agoTop oilfield services firms signal fourth-quarter uncertainty
By Nivedita Bhattacharjee and Yashaswini Swamynathan (Reuters) - The world's top two oilfield service firms on Friday warned slower producer spending and weakness in offshore exploration may weigh on current-quarter earnings, but said activity could improve
- Zacks•yesterday
Charter Communications to Enter Wireless Market in 2018
Charter Communications Inc. CHTR recently announced that the company will foray into the wireless market in 2018. Notably, the company has an agreement with U.S. telecom behemoth Verizon Communications Inc. VZ to operate as an MVNO (mobile virtual network
- The Street•2 hours ago
Why 2018's Social Security COLA May Really Be Just $1
More than 66 million Americans will see a 2% increase in their monthly Social Security and Supplemental Security Income (SSI) benefits in 2018. But many will see their take-home pay stay about the same as it was in 2017. In dollars and cents, the average retired worker's monthly benefit will rise $27 to $1,404 in 2018 from $1,377 in 2017. But depending on what happens with Medicare premiums, many people could see little or nothing of that 2% COLA, said Elaine Floyd, director of retirement and life planning at Horsesmouth. By way of background, the SSA deducts the Medicare Part B premium, which helps pay for physician, outpatient hospital, home health, and other services for the aged and disabled
- CNBC Videos•yesterday
GE CEO John Flannery: The board has encouraged me to look...
General Electric's new CEO, John Flannery, speaks with CNBC's David Faber following the company's third-quarter earnings report.
- The Street•1 hour ago
Jack Bogle, Peter Schiff, Jim Cramer & Dave Callaway Share Black Monday Memories
We asked folks what it was like to live through the Black Monday Crash. 30 years later their stories shed light on a frightening moment for the markets and investors around the world. Jim Cramer spoke about hearing about warning signs and moving his clients into cash. While they were largely unscathed, Cramer recalled the what is now known as Terrible Tuesday and no one knew the value of their portfolios. Peter Schiff spoke about writing a letter to then Fed Chairman Allen Greenspan, who wrote back. TheStreet Inc.'s (TST) CEO Dave Callaway recalled being a cub reporter in Boston and understanding the enormity of the day. Jack Bogle, founder of The Vanguard Group, told TheStreet's Anders Keitz
Reuters•yesterdayChina Southern to buy 38 Boeing jets worth $5.65 billion
China Southern Airlines has signed a deal to buy 38 aircraft from U.S. planemaker Boeing Co with a combined price tag of $5.65 billion, the Chinese carrier said on Friday. China's largest airline by passenger numbers has agreed to buy 8 B777-300ER wide body jets and 30 B737-8 narrow bodies, the Chinese firm said in a stock exchange filing. The planes will be delivered between 2019 and 2020 and will be funded through China Southern's own funds and loans from commercial banks, the company said.
- WSJ•yesterday
Why Retirees Should at Least Consider a Financial Adviser
Even those who think they have their retirement planning in hand can use someone to keep them from making a costly mistake.
- barrons.com•yesterday
Celgene: No Surprise? Its 10% Drop Says Different.
Celgene’s (CELG) efforts to reduce its dependence on the blood cancer drug Revlimid suffered a setback today when the drug maker Celgene said it would abandon testing mongersen, a big treatment for Crohn’s disease. The drug maker announced that it would stop two trials, and would not initiate a third study following a risk-benefit analysis by a data monitoring committee. What exactly the committee found wanting about mongersen, also called GED0301, isn’t clear. Celgene says there were “no meaningful safety imbalances” identified in the committee’s analysis. Many analysts assume it was a lack of efficacy, and note that in recent months, the drug has been increasingly viewed as a “high risk” pipeline
- Associated Press•18 hours ago
How major US stock indexes fared on Friday
The Standard & Poor's 500 index and Dow Jones industrial average closed out their sixth straight week of gains. The Senate's passage of a budget bill raised traders' expectations of an easier path for the White House's tax cut proposal. The Dow gained 165.59 points, or 0.7 percent, to 23,328.63.
- Zacks•yesterday
Corning's (GLW) Q3 Earnings to Gain From Strong Fiber Demand
Corning Inc GLW is set to release third-quarter 2017 results on Oct 24. Notably, the Gorilla Glass maker has a positive record of earnings surprises in each of the trailing four quarters, with an average surprise of 10.15%. In the last quarter, Corning delivered a positive earnings surprise of 5%.
- Investopedia•yesterday
The Top 4 General Electric Shareholders (GE)
General Electric Company (NYSE: GE) ranked 31 on the Fortune 500 list for 2017. General Electric had a market capitalization of over $204 billion (as of October 20, 2017), and is one of America’s most familiar brands. The company produces products ranging
- CNBC.com•21 hours ago
The IRS increased 401k contribution limits by $500—here's what that means for you
On Thursday, the IRS announced that 401(k) contribution limits will increase by $500. In 2018, employees who participate in the employer sponsored plan will be able to contribute as much as $18,500 per year, up from $18,000. Contribution limits were last increased in 2015 when they went from $17,500 to $18,000. Doesn't sound like a big deal? It is. That extra $500 could help you more than you may think. As personal finance site NerdWallet points out, it could mean up to $70,000 more in your retirement account. The definitive guide to retirement savings plans 10:50 AM ET Wed, 9 Aug 2017 | 01:51 The site calculated how much bigger your retirement fund would get if you started investing an additional
Business Insider•19 hours agoSTOCKS HIT RECORD HIGHS: Here's what you need to know
US Navy/Mass Communication Specialist 3rd Class Matt Matlage The major averages closed at record highs on Friday. The day didn't start out so well though, as General Electric caught investors off-guard with its disastrous earnings report ahead of the
- Zacks•21 hours ago
Schlumberger (SLB) Posts In-Line Q3 Earnings, Revenues Miss
Oilfield service giant Schlumberger Limited’s SLB third-quarter 2017 earnings of 42 cents per share (excluding charges and credits) were in line with the Zacks Consensus Estimate. The bottom line improved from the year-earlier adjusted figure of 25 cents
