BlackRock global chief investment strategist Mike Pyle tells Yahoo Finance he thinks the U.S. economy will likely strengthen going into the new year. His reasons are solid, and frankly refreshing amidst all the doom and gloom forecasts permeating markets as trade conditions with China continue to be tepid at best. Clearly to put the cautions out there, risks have risen.
San Diego, California-based Letter Ride LLC is cutting 423 jobs across Texas, including 197 based in the Houston area, according to a letter sent to the Texas Workforce Commission. ProPublica and BuzzFeed News report that the job cuts come after Seattle-based Amazon.com Inc. Nasdaq: AMZN) abruptly canceled contracts with Letter Ride and other major delivery firms.
Big tech companies in Silicon Valley worry about retaining in-demand workers who are barraged with tempting job offers — but some companies seem to retain employees for longer than others. A Silicon Valley Business Journal analysis of data calculated by career website LinkedIn found that Facebook, ServiceNow, LinkedIn, Tesla, VMware and Google have the hardest time retaining workers, with average employee tenure ranging from 2.6 to 4.3 years. On the other end of the spectrum are more established, hardware-oriented companies like Applied Materials, Intel Corp.
Borje Ekholm, chief executive officer at Ericsson, discusses the 5G market, Huawei, earnings and guidance for 2020. He speaks on “Bloomberg Markets: European Open.
The funds will come directly from SoftBank, rather than its Vision Fund, according to a person familiar with the matter who asked not to be named because the talks are private. SoftBank, which already owns about one-third of WeWork, would not amass a majority of voting rights, though its stake would increase, the person said. WeWork, reeling in the past few weeks since parent We Co. scrapped its initial public offering, and in danger of running out of cash as early as next month, has been pursuing a pair of rescue plans to shore up its finances -- one from SoftBank, its largest shareholder, and another from JPMorgan Chase & Co. that would include a $5 billion debt package.
These stocks are a bit riskier, but they also may be interesting options for investors who don't want to simply "set it and forget it" in stocks that may offer a few percentage points in dividends but little in the way of revenue growth or share appreciation. Here are nine examples of growth stocks offering dividends that may be worth a look. NextEra Energy Partners is an independent firm that owns and operates clean energy projects in the United States.
It's not reflected in the stock market yet, but make no mistake about it — Wall Street is growing worried about what a Senator Elizabeth Warren presidency would mean to stocks and the health of Corporate America. “We would advise investors to be cautious against two dimensions when thinking about elections and their portfolios today.
(BYND) shares are falling because of what happened to a competitor. Recently, Beyond Meat and privately held Impossible Foods have had a string of product placement successes, including Subway, (DNKN) (DNKN) and (QSR)'s (QSR) Burger King. Thursday's news, however, could mean the alternative-meat industry is entering a new phase where bullish Beyond Meat investors have to digest wins from new competitors.
Pulling up last year's information: If you want to compare this year's drug list with last year's, you must switch between the old plan finder and this year's – a major inconvenience. That means if you want to make sure last year's drug list is covered under this year's plan, you must access the old plan finder first. Caregiver access: If you're a caregiver who needs access to your senior's saved medical information on the old system, you need to first fill out an authorization form.
Intuitive Surgical isn't the volatile name around earnings it once was. As the robotics sector of medicine begins to mature, Intuitive Surgical finds itself as one of the old guard these days. Over the past two-plus years, the stock has only closed with a post-earnings move above 4.5% two times.
The sub-Reddit WallStreetBets, with the tagline “Like 4chan found a Bloomberg terminal,” is rarely any of those things. The forum's 600,000 members dub satirical options-trade commentary over scenes from TV shows like “It's Always Sunny in Philadelphia” and rant about a loss that caused a member to get their “face ripped off.” Toss in a smidge of casual racism and a whiff of locker-room misogyny, and WallStreetBets is a window into the back rooms of a seedy stock-market casino with no Burry to be found. The chat does have Eddie Choi, however.
Whether the U.S. economy is headed for a recession is anyone's guess, but a new survey by Bankrate suggests many consumers won't be ready if it happens. The news isn't all bleak, as some are taking modest steps to shore up their finances in case of a downturn. Bankrate found that nearly half (44%) of U.S. consumers are choosing to spend less money, while 33% are saving more for emergencies and 31% are paying down credit card debt.
Christopher Brigati, managing director and head of municipals at Advisors Asset Management, discusses the impact of tightening credit spreads on municipal bond investing. He speaks with Bloomberg's Taylor Riggs in this week's "Muni Moment" on "Bloomberg Markets."
Teva Pharmaceutical Industries Limited (TEVA) shares rose more than 5% after Gabelli upgraded the stock to Buy days before the beginning of a key opioid trial in Ohio. Analyst Kevin Kendra is optimistic about reports that Teva proposed giving away $15 billion worth of drugs to settle its opioid litigation. The analyst believes that the negative impact on EBITDA could be as low as $250 million per year, although using free product could disrupt the generic drug industry since it's "hard to compete against free drugs."
The United Auto Workers union wrung higher pay and better coverage for temporary workers from General Motors Co as part of its tentative deal to end a month-long U.S. strike, but the deal would also allow the automaker to move forward with closing three plants, the union said on Thursday. The highlights of the agreement were released by the UAW after the union's national council, representing GM plants across the United States, reviewed the terms of the four-year deal. GM shares were down 1.1% at $36.25 on Thursday afternoon, after a modest rally on Wednesday following the UAW's announcement it had reached a tentative contract deal.
Are indexed annuities a good substitute for stocks? Sam A.: Sam, I do not view Equity Indexed Annuities (EIAs) or other “indexed-linked” products as a good substitute for stocks. EIAs are regulated as fixed insurance products and not considered an investment in the securities markets.
Shares of Assembly Biosciences rocketed for a second day Thursday — and have nearly doubled since Tuesday's close — on excitement surrounding the biotech company's potential hepatitis B treatment. Over the course of 24 weeks, a combination using Assembly's drug and a standard hepatitis B treatment significantly lowered the amount of virus found in patients' blood. "After these data, investors are more likely to believe Assembly's medicine has the potential to eradicate cccDNA (viral reserves in the liver), and thus cure the hepatitis B virus infection entirely, which would be a multibillion dollar market opportunity," he said in a report to clients.
Southwest Airlines canceled Boeing 737 Max flights until Feb. 8, later than any U.S. airline, after Air Canada Wednesday pulled the troubled jet from its schedules through Feb. 14. Boeing stock was roughly flat in early trading. On Monday, the Southwest Airlines Pilots Association said it does not anticipate the 737 Max returning to the skies until February at the earliest.
Canadian cannabis companies should be celebrating the first anniversary of legalized marijuana on Thursday, but the party atmosphere has been tainted by a sharp three-month selloff that has seen many companies surrender half their value or more. Concerns about a lack of profit in the sector have sparked a massive re-rating of risk that appeared to peak last week after a revenue warning from Hexo Corp. (HEXO)(CA:HEXO) that reminded investors that the much-hoped for returns that sent stocks to record levels earlier this year were not materializing. The Canadian market is still grappling with a severe shortage of retail outlets that has hampered the development of the legal pot market and allowed the black market to remain dominant, according to analysts and investors.
In a report out Wednesday, a team of analysts at Morgan Stanley identified their 11 highest-conviction names going into this earnings season, with positive catalysts over the next two months that they predict will send shares higher. For each of these stocks, our analyst has a view that diverges from the Street's, and expects a near-term event to drive the stock as the market's view moves closer to ours,” reads the report. FB)(ticker: FB) is set to report earnings on Oct. 30 after the market closes.
Billionaire private equity tycoon Stephen A. Schwarzman, the CEO of The Blackstone Group (BX), recently made a case for why villanizing the ultra-wealthy is short-sighted. As rivals for the 2020 Democratic nomination squared off on stage Tuesday night, it put their policy dispositions on full display. At Yahoo Finance's All Markets Summit in New York last week, the wealthy investor said those policies would result in an exodus of businesses from the U.S., and deter future entrepreneurs from starting new ventures of their own.
A tentative agreement that would see the U.K. finally leave the European Union after more than three years of acrimonious wrangling gave U.S. stock-index futures a modest pop early Thursday. As Mohamed El-Erian, chief economic adviser to Allianz, put it on Twitter, the initial move higher by U.S. stock-index futures is “consistent with the view that investors are looking for policy progress to offset weakening global fundamentals, and growing central bank ineffectiveness” to be offset by progress on trade and fiscal policy.
In his "No-Huddle Offense" segment of Mad Money Wednesday night, Jim Cramer said that as the market is slaughtering the high-growth stocks, those with dividends are coming back into fashion. Cramer said Wall Street is only now waking up to just how transformative Allergan will be to AbbVie, and now's the time to take advantage as the combined company will have both growth and an excellent dividend yield. In this daily bar chart of ABBV, below, we can see that prices have declined the past 12 months but now ABBV is testing the declining 200-day moving average line and the slope of the 50-day moving average line is positive.
Tata Motors bought the maker of the Jaguar XE sedan and Land Rover Discovery sport utility vehicle from Ford Motor Co. in 2008. After turning it into a cash cow with booming sales in countries like Russia and China, JLR waned to such an extent that it's had to launch a 2.5 billion-pound ($3.2 billion) savings program and slash thousands of jobs worldwide. Losses at Tata's automotive business have mounted with a slump in India's car market, as well as trouble overseas, including an economic slowdown in China, where auto sales are sliding, and uncertainty over Brexit.
The pound continued its upward surge on Thursday after a Brexit deal was agreed between the U.K. and the EU, but the currency could soar even higher. Sterling (GBPUSD) rose towards $1.29 after British Prime Minister Boris Johnson revealed a deal had been struck, which has since been confirmed by European Commission President Jean-Claude Juncker. Analysts said the pound could soar above $1.30 and even to $1.35 if the deal is approved by the U.K. Parliament, which is expected to vote on the matter over the weekend.