- TheStreet.com•1 hour ago
Apple Holds Gains, Raise Stop Protection
"The daily bar chart of AAPL suggests a period of weakness ahead while the weekly chart is still strong. In this daily bar chart of AAPL, below, we can see that prices have been in an uptrend the past twelve months with a number of corrections and pullback along the way. In this weekly bar chart of AAPL, below, we have a bullish picture with respect to our favorite indicators.
- Fox Business•3 hours ago
Kroger grocery unit bans Visa credit cards
Foods Co., a unit of Kroger, the largest supermarket chain in the U.S., will no longer accept payment from customers using credit cards issued by Visa, the largest credit card company in the U.S. The ban on Visa credit cards – but not debit cards – was set to go into effect Tuesday. The grocery store chain announced the policy change last week, saying it was due to Visa’s interchange rates, which merchants pay to banks whenever a customer uses a corresponding card at the store.
InvestorPlace•4 hours ago3 Big Stock Charts for Tuesday: Micron Technology, Tapestry and PPL
Worth a closer look today are stock charts of Micron Technology (NASDAQ:MU), Tapestry (NYSE:TPR) and PPL (NYSE:PPL). Micron Technology was all the rage in 2017, and even into early 2018. The weekly chart of MU illustrates just how much ground was gained since late 2016, pointing to how much ground could be given back if the last of the key technical support lines buckles.
- Zacks•4 hours ago
Trump Sanctions $717B Defense Policy Bill: 4 Stocks to Buy
On Aug 13, President Trump gave the final nod for the colossal fiscal 2019 National Defense Authorization Act (NDAA), thus sanctioning a spending allowance of $717 billion for United States’ national security. Notably, the budget proposed in February got approval from the U.S. Senate last month. The NDAA outlines $616.9 billion as Pentagon's base budget, $69 billion for overseas contingency operations funding and $21.9 billion for nuclear weapons programs under the Energy Department.
- Bloomberg Video•13 hours ago
Turkey Warned Again About Pastor
Aug.14 -- President Trump's top national security aid is said to have warned Turkey's ambassador that the U.S. has nothing further to negotiate until a detained American pastor is freed, signaling a standoff between the countries will continue as Turkey
- Bloomberg•7 hours ago
Ford Is Fighting With Wall Street Over Its Cherished Dividend
Wall Street says Ford Motor Co. must cut its dividend. The debate erupting over Ford’s quarterly payout to shareholders -- including the founding family that derives millions from the disbursements -- is exposing a growing and contentious divide over what needs to be done to fix the ailing automaker. Analysts at Morgan Stanley and Berenberg say Ford can no longer afford to pay the 15-cent dividend -- the most generous among its automotive peers -- as earnings evaporate overseas and the company initiates an $11 billion restructuring that it’s said will take as much as five years.
- MarketWatch•3 hours ago
Alibaba, JD.com among China names trading lower
MARKET PULSE Shares of various Chinese internet names are down sharply in Tuesday's session, after several companies delivered disappointing earnings commentary and as the Turkey crisis continues to weigh on emerging markets. Alibaba
- Investopedia•2 hours ago
Einhorn Drops Stakes in Apple, Micron, Twitter
Greenlight Capital, run by billionaire David Einhorn, is slashing its holding in soaring tech stocks Apple Inc. ( AAPL), Micron Technology Inc. ( MU), and Twitter Inc. ( TWTR), according to a regulatory filing with the Securities and Exchange Commission (SEC). Greenlight cut its stake in Apple by 77%, or 486,000 shares, according to an SEC 13-F filing. It reduced its Micron holdings by 92%, or 3.1 million shares, and its Twitter holdings by 36%, or 901,400 shares.
- Zacks•5 hours ago
Buy 4 Terrific Dow Stocks on the Dip
On Aug 13, one of the equity markets’ most closely watched indexes, the Dow, plunged. This marked the blue-chip index’s decline for four consecutive days. On Aug 13, the Dow 30 plummeted 0.5% or 125.44 points.
- Engadget•2 hours ago
Tesla board forms independent group to explore going private
It's been an eventful seven days for Tesla. What started with CEO Elon Musk tweeting he'd like to take the automaker private last Tuesday has only gotten weirder since. In response, the board has formed a special committee to evaluate the business move, as spotted by CNBC.
- Investopedia•3 hours ago
Nvidia Debuts "Awesome" Next Gen Chip; Shares Rise
Nvidia ( NVDA) unveiled its eighth generation Turning graphic chip at the SIGGRAPH conference in Vancouver. The company said the chip will “revolutionize” graphic design work. “Turing is Nvidia’s most important innovation in computer graphics in more than a decade,” Nvidia CEO Jensen Huang said, according to a company press release. Nvidia, which is scheduled to report second-quarter earnings Thursday, said the Quadro professional graphics with Turing technology will launch in the fourth quarter.
- CNBC•yesterday
Mark Cuban owns just a handful of stocks and tons of cash because he's worried about the market
"I'm down to maybe four dividend-owning stocks, two shorts, and Amazon and Netflix," the billionaire says. Billionaire entrepreneur Mark Cuban told CNBC on Monday that he's holding much more cash than he normally does because he's concerned about the stock market and U.S debt levels. Cuban said Amazon and Netflix are his biggest holdings.
- Barrons.com•3 hours ago
AT&T's Gotten Way Too Cheap. Here's Why It Could Be Time to Buy.
AT&T (T) shares are higher on Monday, helped by a vote of confidence from Morgan Stanley. Where we were: AT&T shares have badly trailed the market this year, amid wider underperformance for telecom in general, and concerns surrounding its takeover of Time Warner. Where we're headed: The telecom sector will soon be replaced by the communications services sector, and AT&T itself could get a boost, given its low valuation and potentially growing investor appetite for defensive stocks.
- Bloomberg Video•yesterday
Gold Tumbles Below $1,200 to Lowest in 18 Months
Aug.13 -- In "Futures In Focus," Paul Nolte of Kingsview Asset Management discusses the decline in gold as prices reach an 18 month low. He speaks with Bloomberg's Julie Hyman on "Bloomberg Markets."
- CNBC•yesterday
Young people want to retire by age 60—but experts warn the 'new retirement age' is 70
Young people are optimistic when it comes to their financial futures. According to new research from Charles Schwab , which surveyed 2,000 young Americans aged 16 to 25, a resounding 76 percent think they'll have a better financial future than their parents. The good news is, "a big percentage put saving for retirement as a high priority," she says.
- Zacks•18 hours ago
CRON, CGC Sink Ahead of Earnings: What To Watch From These Pot Stocks
Recreational marijuana is now legal in Canada as well as a number of states in the U.S. Companies have raced to get in on the multibillion-dollar a year industry, so let’s see how two of the bigger pure-play pot stocks, Cronos Group CRON and Canopy Growth CGC, are projected to perform Tuesday. The Canadian government voted to legalize recreational marijuana use in June, becoming only the second country in the world to legalize the drug nationwide. Meanwhile, nine U.S. states and the District of Columbia currently allow legalized recreational marijuana use, with 30 states giving the okay for medical use.
- Zacks•21 hours ago
Harley Davidson Gets Hit Hard by New Trump Tweet
Shares in U.S. motorcycle manufacturer Harley Davidson (HOG) traded lower by more than 4% on Monday after president Trump tweeted over the weekend that he supports customers who plan to boycott the company over their plans to shift some production overseas to avoid retaliatory tariffs in the European Union on their products. A big percentage of the products affected are agricultural goods and various types of steel and aluminum, but he EU appears to have targeted Harley Davidson as a uniquely American brand that’s especially popular in areas of the U.S. that supported President Trump in the 2016 election. Europe has become an important market for the company as U.S. sales have slowed with the aging of their key demographics and a large number of used Harleys on the market suppressing demand for new motorcycles.
- TheStreet.com•19 hours ago
What if Jamie Dimon Is Right and 10-Year Treasury Yields Hit 5%?
said recently that the U.S. 10-year Treasury yield "should be 4% today, [and] you better be prepared to deal with rates of 5% or higher -- it's a higher probability than most people think." Is America's most famous banker right ... and if so, how should smart investors play this? After all, no one will clamor for a stock with a 3.6% dividend when the U.S. Treasury will pay you 5% for your money. JPMorgan currently trades at less than 12 times forward earnings.
- Bloomberg•5 hours ago
Manafort Team Must Choose to Defend or Stand Down: Trial Update
Paul Manafort and his legal team face a choice on Tuesday of whether to present defense witnesses in his trial on fraud charges. Manafort, 69, may simply elect to offer no witnesses and is unlikely to testify in his defense. Prosecutors for Special Counsel Robert Mueller offered 27 witnesses over two weeks.
- Bloomberg•8 hours ago
Battered Tencent Looks for a Bottom After $150 Billion Wipeout
Investors in Tencent Holdings Ltd., once the hottest stock in Asia, are trying to figure out where the bottom is. The Chinese internet giant, best known for its popular games and ubiquitous messaging services, has shed more than $150 billion in market value since a January peak, the biggest wipeout of shareholder wealth worldwide. Some $15 billion evaporated on Tuesday after regulators told the Shenzhen-based company to remove Monster Hunter: World from its PC downloads service just days after the action title’s debut.
- InvestorPlace•6 hours ago
3 Strong Buy Semiconductor Stocks to Consider Now
While tech behemoths like Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) may hog all the headlines, it has really been the companies powering their technologies—the semiconductor manufacturers—that have been garnering the attention of Wall Street. Indeed, as our “Computer and Technology” sector has gained about 22% over the past year, semiconductor companies have been a driving factor behind its growth. The aforementioned emerging tech trends have created new consumer demand, and the semiconductor makers are delivering.
Business Insider•7 hours agoThe world's biggest tech companies are at serious risk of losing a $32 billion market
Life may get harder for big American tech firms trying to break into one of the world's biggest online shopping and mobile markets. India is proposing new laws that would protect homegrown companies trying to compete with the likes of Amazon, Facebook, Google, and Apple in online shopping. India wants to level the playing field for domestic startups, store Indian user data in India, and change the rules around how foreign companies sell online in India.
Business Insider•yesterdayChina is printing money for countries like Poland and Brazil at 'full steam' as it tries to expand its influence on the global economy
China’s money-printing industry is running at "full steam" for foreign clients including Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil, and Poland, according to reports. The printing is linked to China's Belt and Road Initiative, which has seen China build infrastructure and invest in about 60 countries in Europe, Asia, and Africa. "A nation must have considerable trust in the Chinese government to allow it to print its banknotes," Hu Xingdou, a professor of economics at the Beijing Institute of Technology, told the South China Morning Post.
Business Insider•22 hours agoA bunch of millennials who use hot startups to manage their investments are getting whacked by Turkey's currency crisis
The Vanguard FTSE Emerging Markets ETF has slumped nearly 4% in the past week, driven by Turkey's currency crisis. Its top-10 owners include Betterment and Wealthfront, two robo-advisors that predominantly cater to millennials. The value of their
- Zacks•20 hours ago
3 Cloud Stocks to Buy Right Now
In a matter of just a few years, “the Cloud” has evolved from a budding new tech feature to one of the main factors driving growth in the technology sector. Cloud computing is now an essential focus for software-related companies, and cloud stocks have piqued the interest of many tech-focused investors. New technologies and changing consumer behavior have changed the shape of the technology landscape, and an industry that was once centered on the personal computer has adapted to survive in the world of mobile computing and the Cloud.
