Apple Inc. customers seem to be opting for cheaper models of the iPhone, according to Cowen and Co. analysis, suggesting that the company failed to cram enough new technologies into the iPhone X to justify the $999 price tag. Waiting times to order the flagship smartphone have shortened to a few days from the five to six weeks that were typical immediately after it was released in November, Cowen analyst Karl Ackerman said in a note to clients. “Some investors may conclude this relates to better sales momentum for the X, but we are increasingly concerned that demand has been below initial expectations as users appear to have gravitated toward the previous iPhone models,‘’ Ackerman wrote.
The Republicans' proposed tax bill would change income tax brackets in 2018. In the midst of the political maneuvering, we've calculated how President Donald Trump's tax plan could affect you if tax reform is signed into law. By looking at what Trump's tax plan means for Americans' take-home pay at different income levels, our team at Business Insider got a number of emails that made us realize something important: Most people don't understand how tax brackets actually work.
Boeing hinted Thursday that it might have lost a major order from Delta Air Lines to its Airbus based on the lower prices of the European rival's airplanes. "While Delta has chosen to go with Airbus and Bombardier in recent single-aisle campaigns, we are proud of the 737 Max family’s superior value and performance," Boeing said.
For some soon-to-be retirees, retirement will look a lot like their 9-to-5 life. Nearly 3 out of 4 Americans plan to work beyond traditional retirement age on at least a part-time basis, according to a recent Gallup poll. A separate AARP study found that 37 percent of working Americans ages 50 to 64 said they intend to work after retiring from their current careers .
IBM’s (IBM) latest project has it teaming up with some big names. Companies like JPMorgan, Barclays and Samsung will all work together with IBM to uncover practical uses for quantum computing. Ford (F) is denying a Reuters report this morning that the auto giant will build and import Fusion sedans from China to the United States.
Disney has agreed a deal to buy much of 21st Century Fox's studio and television production assets for $52.4 billion. The companies said in a press release that the acquisition would result in at least $2 billion in "cost savings from efficiencies," which could mean layoffs. Disney has agreed a deal to acquire much of 21st Century Fox's studio and television production assets for $52.4 billion.
CNBC's Meg Tirrell reports on Teva announcing cutting 14,000 jobs as the company aims to save $3 billion.
UPS and the Teamsters are at it again, this time over holiday working hours. With record-breaking demand for United Parcel Service Inc. (NYSE: UPS) following Black Friday and Cyber Week sales, the Atlanta-based shipping giant informed drivers on Dec. 1 that they could be scheduled to work 70 hours over eight days during the holiday season (or the more typical 60 hours over seven days), which is in compliance with DOT regulations. That didn't go well with the Union. Jim Hoffa, Teamsters General President, expressed his "outrage and concern" in a letter dated Dec. 4 to UPS CEO David Abney about the company bumping up the workweek. Hoffa wrote that the decision was made "apparently, without any
Republican leaders reached an agreement on their final tax bill on Wednesday, making it look more likely that tax reform will be passed before the end of the year. This final bill is the product of a conference committee to reconcile differences between the House and Senate versions that Republicans in those chambers passed. Tax reform is being billed as a boon for America's middle class by Republicans and the White House.
The biotech industry witnessed a rebound in 2017 from last year’s challenges despite rising competition, pipeline setbacks, pricing pressure, slowdown in growth of mature products and generic competition for certain key drugs. The stock has a Growth Score of B and is currently valued at $17.57.
Walmart, the largest private employer in the U.S., will begin allowing its 1.44 million employees to access their paychecks before payday. This policy presents a better alternative to expensive payday loans, but may still encourage people to live beyond their means. After two years of talks with Even, a fintech startup that helps users budget by accessing upcoming pay early, Walmart (WMT) is rolling out the app to its entire workforce.
Federal Reserve Chair Janet Yellen sheds light on how investors should think about stock market valuations. For some time, the Federal Reserve has been acknowledging that stock market valuations are high. Fed Chair Janet Yellen reiterated this during a Q&A session at the end of the Federal Open Market Committee (FOMC) meeting on Wednesday.
US oil net imports haven't done this since 1985: ClipperData's Matt Smith 21 Hours Ago | 01:02 "We see that 2018 might not be quite so happy for OPEC producers, " the Paris-based organization said in its latest monthly report Thursday. The IEA said that there were signs that the rise in U.S. crude oil supply was likely to continue into 2018 and upset rivals who are cutting back. Major oil producing group OPEC and ten non-OPEC producers led by Russia continue to cut production in order to boost global oil prices and rebalance markets put out of kilter in 2014 by a glut in supply and lackluster demand. One of the main beneficiaries of these cuts is the producers' major competitor, U.S. shale
China’s top smartphone makers are ready to challenge Apple Inc. on its home turf after trouncing the iPhone maker in their own market. Huawei Technologies Co. and Xiaomi Corp. are in talks with U.S. wireless operators about selling flagship smartphones to American consumers as soon as next year, according to people familiar with the matter. The handset makers are negotiating with carriers including AT&T Inc. and Verizon Communications Inc., said the people, asking not to be identified because the matter is private.
December marks the 10-year anniversary of the Great Recession, and the onset of all the losses it brought: jobs, wages, homes, credit scores, and so much more. At the center of the recession, and the financial crisis that rocked markets in 2008, was the housing bubble. Now, by many measures, housing has healed. Home prices have surpassed their bubble-era peaks in many, though not all, metro areas. The homeownership rate seems to have hit bottom and has climbed two quarters in a row. And foreclosures, by one measure, fell to the lowest ever in the third quarter. But this chart tells a different story. The number of homeowners who are underwater on their mortgage – meaning they owe a lender more
If you have been planning to buy a car, it might be smart to do it before December 31 so you can deduct the sales tax you pay. Republicans have proposed capping the property tax, state and local income tax, and sales tax deduction to a total of $10,000. Purchasing a car this December might be a smart idea for taxpayers in states with no state income taxes who itemize and claim the sales tax deduction, according to TaxAudit.
Delta Air Lines Inc.’s new order for Airbus SE jets shows that it’s sometimes the side dish, not the main entree, that helps land a blockbuster deal. In announcing a purchase of 100 planes, Delta also said it would become a major maintenance provider for the Pratt & Whitney engines powering the aircraft. Pratt, a unit of United Technologies Corp., has committed to use TechOps for more than 5,000 engine repairs and overhauls.
Delta Air Lines has agreed to a firm order for 100 Airbus A321neo jets. Delta Air Lines announced a firm order for 100 Airbus A321neo airliners on Thursday with a list value of $12.7 billion. "This is the right transaction at the right time for our customers, our employees, and our shareholders," Delta CEO, Ed Bastian said in a statement.
Shares of Cisco Systems Inc.CSCO rallied to a 52-week high of $38.37, eventually closing a bit lower at $38.15 on Dec 13. Notably, the stock has returned 26.3% year to date, outperforming the industry’s gain of 25%.Cisco is benefiting from its expanding
Republican are getting closer to passing their massive tax reform plan. Since it's now being reported that the top individual tax bracket would drop to 37%, we updated our analysis to compare the differences among the current system, the House's plan, the Senate's version, and the conference committee's version.
Mortgage buyer Freddie Mac said Thursday that the benchmark 30-year home loan rate was down from 3.94 percent last week and 4.16 percent a year ago. The rate on five-year adjustable-rate mortgages rose to 3.36 percent from 3.35 percent last week and 3.19 percent a year ago. On Wednesday, the Federal Reserve raised short-term interest rates for the third time in 2017.
Call it the Blankfein bump. Twitter Inc.’s shares soared on Thursday, the day after the Goldman Sachs Group Inc. chief executive officer tweeted a photo of himself with Jack Dorsey at the technology company’s offices in San Francisco. The presence of Lloyd Blankfein was cited by several traders as a factor in the stock’s rally amid rekindled merger speculation on the day Walt Disney Co. announced a $52.4 billion deal for 21st Century Fox Inc. assets.
Stock opened up today following better-than-expected retail sales and jobless claims. From there, it was pretty much all down hill after Marco Rubio said he might vote against the tax bill. The S&P 500 dropped 0.4% to 2652.01 today, while the Dow Jones Industrial Average fell 76.77 points, or 0.3%, to 24,508.66.
Analysts at RBC Capital Markets think that Nvidia Corp. NVDA, +0.16% will continue to benefit from the mining of cryptocurrencies in 2018, even if the Ethereum blockchain moves past the use of graphics-processing units as Bitcoin BTCUSD, +4.21% has. The analysts pointed out that there are plenty of newer cryptocurrencies for which miners could use GPUs, including monero, bitcoin gold and ethereum classic. "The near-term dynamics remain positive and without a material change to the algorithm we find it highly unlikely the opportunity goes to zero next year," they wrote in a note to clients Tuesday. "Importantly, even if the algorithms change to proof of stake long term, we believe that the need