- S&P 5002,826.06+0.14%
- Dow 3025,585.69+0.37%
- Nasdaq7,637.01+0.11%
- Russell 20001,514.11+0.85%
- Crude Oil59.02+1.92%
- Gold1,284.30-0.09%
- Silver14.52-0.36%
- EUR/USD1.1210-0.0000%
- 10-Yr Bond2.3240+1.22%
- Vix15.85-6.32%
- GBP/USD1.2712-0.0000%
- USD/JPY109.30000.0000%
- BTC-USD8,089.53+1.17%
- FTSE 1007,277.73+0.65%
- Nikkei 22521,117.22-0.16%
- Reuters•yesterday
New York state regulator investigating pension transfer deals -sources
New York state's financial regulator has subpoenaed four insurance brokers as part of a broad investigation into an industry in which life insurers take over corporate pension plans from companies that want to offload them, according to two people familiar with the matter. At issue is whether brokers, who help put such deals together, solicited insurers who are not licensed in New York to take on the pension transfers, the people familiar with the matter said. The New York State Department of Financial Services (NYDFS), on Wednesday, issued subpoenas to units of Morgan Stanley , Aon PLC , Willis Towers Watson PLC and Mercer, a unit of Marsh & McLennan Companies Inc , seeking documents about their communications with insurer Athene Holding Inc about "pension risk transfer" transactions, the people said.
- MoneyShow•yesterday
Growth Experts Shines a Light on Bright Horizons
If it weren't for the U.S.-China trade war, you could call this a Goldilocks economy. The good news is that there are stocks that will avoid the trade war gyrations, asserts Ian Wyatt, growth stock expert and editor of Million Dollar Portfolio. A great example is Bright Horizons Family Solutions (BFAM).
- American City Business Journals•2 days ago
After IFM buy, Novartis looks to more early stage biotech M&A
After the gene therapy M&A; battles of late 2018, Novartis is looking to buy up more preclinical or early stage biotechs like Boston-based IFM Tre.
- CNBC Videos•21 hours ago
Trade tension will weigh on sentiment the longer it lasts, expert says
Ben Mandel, global strategist at J.P. Morgan Asset Management, and Brian Belski, chief investment strategist at BMO Capital Markets, join "Squawk Box" to discuss some of the factors affecting the market.
- Reuters•2 days ago
Canada's RBC, TD Bank raise bad debt provisions as slowing economy bites
Royal Bank of Canada and Toronto-Dominion Bank, Canada's two largest lenders, beat analysts' estimates for quarterly profit on Thursday as strong loan growth boosted interest income, but a spike in provisions for soured loans spooked investors. Canadian lenders are faced with a sharply slowing economy, a cooling house market, with a record high household debt-to-income ratio stoking concerns of loan losses.
- FX Empire•2 days ago
Crude Oil Price Forecast -Crude oil markets collapse
WTI Crude Oil The WTI Crude Oil market fell out of bed during the trading session on Thursday to slice through the uptrend line and break through the $60 level. Now that we are below the 200 day EMA, it's very likely that we are going to continue to see trouble, and then trouble should continue to send this market much lower. Ultimately, I believe that the market is ready to break much lower, and I think at this point rallies are to be sold.
- TheStreet.com•2 days ago
Dow Ends Sharply Lower as U.S.-China Trade War Intensifies; Tech Hit Hard
The Dow Jones Industrial Average ended sharply lower Thursday as the trade war between the U.S. and China intensified. cut its second-quarter guidance amid lower revenue expectations resulting from the U.S. ban on business with Huawei Technologies. beat Wall Street's first-quarter earnings expectations and confirmed its full-year profit guidance, but was still ended down.
- Investopedia•19 hours ago
What Determines the Price of 1 Bitcoin?
Contrarily, bitcoin prices are influenced by the following factors: The supply of bitcoin and market demand for it The number of competing cryptocurrencies The exchanges it trades on Regulations governing its sale Its internal governance. Supply and Demand Countries without fixed foreign exchange rates can partially control how much of their currency circulates by adjusting the discount rate, changing reserve requirements, or engaging in open-market operations. With these options, a central bank can potentially impact a currency's exchange rate.
- Schaeffer's Investment Research•19 hours ago
25 Stocks to Avoid After Memorial Day
Below, we take a look at the 25 worst stocks to own the week of Memorial Day. Looking at S&P 500 Index stocks over the past 10 years -- and considering only stocks with at least eight years' worth of returns -- a handful of bank names made the list. STI and FITB have ended the week lower 80% of the time, averaging losses of 2.49% and 2.07%, respectively, per data from Schaeffer's Senior Quantitative Analyst Rocky White.
- Fortune•19 hours ago
Could Ford Buy Tesla? Here's How Likely A "Doomsday" Scenario Is
The auto maker is burning through $1 billion in cash a quarter, the cash from the latest $2.7 billion funding round will be gone within ten months, and demand is falling off. One of the classic business solutions would be an acquisition. Maybe a white knight with the cash and managerial and operational wherewithal to come in, buy the company, fix the broken parts, and let Tesla become what it had the potential to be.
- InvestorPlace•2 days ago
5 of the Best Vanguard Funds to Buy
That bias can prevent investors from realizing compelling ex-US opportunities with Vanguard funds, such as the Vanguard Total International Bond ETF (NASDAQ:BNDX). Among Vanguard funds, BNDX does not grab many headlines, but this year, investors are waking up to this ETF's story. Year-to-date, BNDX has added $3.61 billion in new assets, a total surpassed by just nine other ETFs.
- CNBC Videos•2 days ago
Cramer's lightning round: This CEO tells a good story, but sell the stock
Jim Cramer fields calls and deliver answers to viewers' stock picks.
- InvestorPlace•17 hours ago
AT&T Stock Could Be a Great Bet
The Vision To get on board with bulls' contentions on T stock, you have to understand Stephenson's vision for the future of AT&T. The telecom sector is slogging through uncertain times right now, and both AT&T and Verizon (NYSE:VZ) knew something would have to change. However the two took diverging paths, with VZ doubling down on its wireless business and T entering more sectors. Safe Stocks to Buy This Summer Verizon has certainly taken the safer option, but in the long-term will it be better?
Yahoo Finance•20 hours agoFoot Locker misses, Hibbett Sports disappoints, CBS rolls out big trailer: Companies to watch
CBS (CBS) is bringing Captain Picard back to Starfleet. The network just released this trailer for the new Star Trek: Picard series, featuring Patrick Stewart in the iconic role. The new series will air on CBS All Access, but no premiere date has been announced yet.
- Fox Business•19 hours ago
Average 401(k) balance by age group: See how your retirement savings compare
This could, in part, be due to a noticeable bump in employer contributions — which are continuing to increase in 2019. "The average 401(k) employee contribution amount, in dollars, reached a record level of $2,370 in Q1, a 15% increase over one year earlier. In addition, the average 401(k) employer contribution, or company match, reached $1,780 in Q1, a record high and a 6% increase from one year earlier," Fidelity stated in a May report.
- Fox Business•yesterday
American flag won't come down under any circumstance: Camping World CEO Marcus Lemonis
Camping World CEO Marcus Lemonis responded to the American flag controversy at his store in Statesville, North Carolina, telling FOX Business he is in the lawsuit battle for the long haul. The city of Statesville filed a lawsuit against Gander RV and its parent company, Camping World, for violating a city ordinance by flying a 3,200-square-foot American flag. In a statement, the city said the company had previously applied for and received a permit for a compliant 1,000-square-foot flag.
- CNBC•19 hours ago
Buy these 2 stocks that pay you more than the 10-year yield, says expert
But while the sector plays might look tempting, one expert recommends being more selective. "Typically, if a company wants to pay a dividend, you need to have a solid balance sheet and strong cash flow, and those are the kinds of companies that do well when times get tough," Mark Tepper, president and CEO of wealth management firm Strategic Wealth Partners, said Thursday on CNBC's "Trading Nation." "So, of all the sectors, we like financials, but I still think you need to pick the winners, not the sector," he said.
- Benzinga•21 hours ago
Wedbush: Best Buy Has Strong Growth Formula, But Higher Tariffs Are Looming Issue
Revenue was essentially in line with expectations. Michael Pachter maintained a Neutral rating on Best Buy with a $71 target price. The big box electronics and home retailer seems to have found a formula for long-term growth, Pachter said in a Friday note.
- TheStreet.com•23 hours ago
Water Company Dividend Kings That Quench the Thirst for Income
When we talk of companies with an extensive track record of increasing their dividend payments to shareholders, something that tends to drive a step function higher in the share price over time, we tend to think of the Dividend Aristocrats. This is a set of companies that have boosted their quarterly dividends for more than 25 consecutive years. For those investors that focus on dividend income, these are great companies to own, but there is another group of stocks with an even longer track record of dividend hikes investors should consider.
- CNBC•2 days ago
Cramer: The bad trade news is partially baked in, but the sell-off isn't over
"Every time we get slammed as people give up on the trade talks with China, President Trump keeps taking out key ingredients from the cake of negativity," CNBC's Jim Cramer says. "Eventually all the ingredients will stay in and the bearish cake will get baked, but until that happens this market could keep being very precarious," the "Mad Money" host says. "We still haven't seen the big estimate cuts that we can expect from the analysts who weren't expecting President Trump to keep raising tariffs," he says.
- Fox Business•2 days ago
Huawei ban will devastate company: Cypress Semiconductors founder
Cypress Semiconductors founder and former CEO T.J. Rodgers told FOX Business he believes the U.S. blacklist of Huawei products will devastate the company. "You got one of the most technically competent companies in the world, Huawei, building one of the most complex electronic machines that has ever been built by man, and we just yanked the critical components out of that machine," he said during an interview on “Cavuto: Coast-to-Coast” Thursday. Rodgers went on to say the blacklist is a "very dire threat" to Huawei, and it will have a negative impact on U.S. semiconductor companies.
- InvestorPlace•18 hours ago
7 Utility Stocks to Trust for Retirement
Utility stocks include companies that provide essential services — electricity, energy and water — to communities across the U.S. Because doing this in a country as big as the U.S. is no mean feat, most states have one or two exclusive providers. In return for reining in their operations, the state provides a healthy annual growth target for the utilities and also allows them to operate unregulated businesses that can sell power to customers in the open market. What investors get are rock-solid companies that have no trade war drama attached to them, only growing demand for electricity and reliable dividends to add to their capital gains.
- InvestorPlace•21 hours ago
The Real Reason Microsoft Stock Stands Out Among Other Big Tech Names
In 2015, a year after Satya Nadella became its CEO and committed his company to the cloud, I put some Microsoft (NASDAQ:MSFT) shares in my retirement account and forgot about them. With a market cap of $972 billion, Microsoft is now the world's most valuable company, and despite his earnest philanthropy, co-founder Bill Gates is worth over $100 billion.
- Bloomberg•yesterday
Goldman Says Buy Commodities in Worst Weekly Slump This Year
The S&P GSCI commodity index is generating positive roll returns for the first time in eight months and the bank is forecasting a 3-month return of 6.1%. Investor confidence in global economic growth has been crippled by the prolonged trade war between the U.S. and China, hurting commodities from copper to crude oil. The S&P GSCI Enhanced Commodity Total Return Index is down about 4% this week, heading for the biggest loss since December, as the U.S. considers cutting off the flow of vital American technology to five Chinese companies in an escalation of tensions.
Yahoo Finance•14 hours agoHuawei's 'fake demand' distorted global semiconductor growth
In the months leading up to Washington's decision to ban Huawei from doing business with US suppliers, the Chinese company stockpiled nearly a years worth of components in anticipation of coming headwinds. Now, the global semiconductor sector may have to pay for it. In all, analyst Sebastian Hou says the Chinese company's inventory buildup added 8% to the chip sector's global revenue growth in the 1st quarter, or $35 to $40 billion.
