Acacia Communications said Friday that the U.S. government's blacklisting of China-based telecom Huawei Technologies will have little impact on the company's bottom line. The U.S. Commerce Department added Huawei and dozens of its affiliates to an "Entity List" that would greatly restrict its ability to buy components from U.S. companies. Shares of several communication chipmakers fell sharply Thursday following the announcement.
With no deal in sight, tariffs rising and even lower growth on the horizon, Chinese stocks have continued to sink over the last week or so. But this could be an interesting opportunity for long-term investors. China continues to dominate on the world stage and is arguably one of the most important economies.
The halt on China's imports of wastepaper and plastic that has disrupted U.S. recycling programs has also spurred investment in American plants that process recyclables. U.S. paper mills are expanding capacity to take advantage of a glut of cheap scrap. Some facilities that previously exported plastic or metal to China have retooled so they can process it themselves.
Thus, many sector investments are marketed as stocks to buy now. After all, who knows what's going to happen tomorrow with these “opportunities. At the same time, tech is such a broad market.
The tax Form 8606 has become increasingly important thanks to the popularity of the Roth IRA and the rollover eligibility of after-tax assets from qualified plans. Basically, you must file Form 8606 for every year you contribute after-tax amounts (non-deductible IRA contribution) to your Traditional IRA, and every year you receive a distribution from your IRA as long as you have after-tax amounts, including rollovers of after-tax amounts from qualified plans, in any of your traditional, SEP or SIMPLE IRAs. If a taxpayer does not claim a deduction of his or her Traditional IRA contribution, it is usually either because he or she is not eligible, or simply prefers not to do so.
CNBC's Seema Mody reports on bitcoin volatility, and why some are calling for more oversight on the movement of the cryptocurrency.
But a diagnosis like this means something very different for the tens of millions of Americans who do not have health insurance. It's pitiful that we are the only industrialized country in the world that has not figured out how to fix that. We need to cover everyone, lower costs, and improve the quality of insurance and care in our country.
High-Yield REITs That Will Pay You: Arbor (ABR) Arbor Realty Trust Inc (NYSE:ABR) is a unique REIT in that it doesn't own properties as much as it finances properties. Its specialty is multifamily and senior housing as well as healthcare and diverse commercial properties. While it only has a $1 billion market cap, this is actually a great advantage for growth investors looking for a serious income kick.
Still, I go back to the same question: am I missing something when analyzing the bear case for the AT&T stock price? When reading Ashworth's, Martin's, or most other critics' work, I come across two overriding themes: sustainability and viability. Trade War Stocks With a Lot of Risk Ashworth largely focuses on the former.
The 20-year-old previously told MarketWatch that the popular cryptocurrency was “dead”, and he still thinks the cryptocurrency market has problems that need to be solved. After stating that bitcoin would probably see at least a few more bull runs, Finman said that the current rally is “teetering on the end. Is this a bull run, is it not?
There are many "what ifs," but the math is still the math: if you plan on needing a lot more than $40,000 from your retirement nest egg, then the probability of a successful retirement on $1 million is not good. "If you've only saved $1 million and are withdrawing 4% or more in retirement, you are most likely tempted to expose your accounts to more risk to make up for the lack of savings. With more exposure to a volatile market, there is a greater chance your retirement accounts will incur substantial losses during market corrections," says Carlos Dias Jr., wealth manager, Excel Tax & Wealth Group, Lake Mary, Fla.
The S&P 500 clawed its way back from the worst of May's losses and turning positive for the week as of Thursday's close. Despite the reprieve, NorthmanTrader founder Sven Henrich said Thursday the underlying technicals tell a different story. "When we look at the charts, we have to recognize that markets may be in the process of repeating some of the sins of the past that we saw last year," Henrich said on CNBC's " Trading Nation ." "We had an incredibly powerful rally, especially on the [Nasdaq 100] that created rising wedge patterns.
This logic holds true in the cannabis space, where only some companies boast ample capital and are backed by a strong management team, CNBC's Jim Cramer said during his daily "Mad Money" show Thursday. Shares of Tilray Inc (NASDAQ: TLRY) briefly soared from $100 to $300 per share ahead of recreational legalization in Canada, Cramer said. When Tilray became a public company in the summer of 2018, CEO Brendan Kennedy was "very, very, very, very, very, very, very, very positive about the whole industry — but in retrospect, maybe too positive?" Cramer said.
Deere & Company (NYSE:DE) starts off the earnings report for its fiscal second quarter the year with earnings per share of $3.52. This is an increase over the company's earnings per share of $3.14 from its fiscal second quarter of 2018. Unfortunately for DE stock, this has it missing Wall Street's earnings per share estimate of $3.61 for the period.
As the cost of college rises, more parents are cosigning private loans for their children's education. That move can leave them on the hook for the debt if their child struggles to repay it. Some 45% of adults over 50 who took on education-related debt to help someone else did so in the form of cosigning a private loan, according to a new survey by AARP.
Soda sales plummeted in Philadelphia following the implementation of a tax on them, according to a new study. A study published in the Journal of the American Medical Association found that the city's new tax caused a "significant and substantial decline" in soda sales. The results also show that the tax crushed sales of soda in the city of Philadelphia while boosting sales in nearby areas as customers sought to avoid the levy.
CNBC's Jim Cramer, Carl Quintanilla and David Faber discuss the volatility in the markets as investors react to the fast-paced developments of the China trade talks.
A.O. Smith Corp. went on the defensive Friday, after two investment firms called into question the validity of some of the company's financials Thursday. The Milwaukee-based water technology manufacturer (NYSE: AOS) saw its stock dip from more than $48 per share Thursday morning to below $43 Friday after two separate firms, J Capital Research and Spruce Point Capital Management, questioned the accuracy of its margins due to its dealings in China. In a statement released Friday afternoon, A.O. Smith called J Capital's claims "inaccurate, unfounded and misleading allegations designed to negatively impact A. O. Smith's share price for J Capital's own benefit." Both J Capital and Spruce Point Capital are investment firms that proclaim a focus on short-selling stocks, which means the investors make money if the stock value declines.
Dennis Muilenburg wanted to be “the world's best aeroplane designer”, he once told a reporter. Growing up milking cows on his father's farm in Sioux County, Iowa, he earned a coveted place studying aerospace engineering at Iowa State University, where a scholarship named after a former Boeing chief executive won him an internship with the world's largest passenger aircraft manufacturer. in Boeing's 103-year history and of a faltering response which may deepen the company's troubles.
The largest cannabis retailer in the U.S. is on track to become the world's biggest legal seller through a planned billion-dollar takeover, a sign of the seismic changes in the weed industry as a wave of M&A takes place among the major players. They are positioning themselves to be the leaders in the fast-growing industry as they wait for the U.S. federal government to legalize marijuana. Massachusetts-based Curaleaf Holdings (CURLF.OTC), one of the biggest U.S. marijuana companies, will buy privately held Cura Partners of Portland, Oregon, a maker of cannabis oil.
In the Hamptons, the chosen summer destination for the country's elite, homes are being sold for lower prices and properties are staying on the market for months at a time, according to a report. The New York Times reported that the housing market in the coveted Long Island, N.Y., area was “in a rut.” Home prices were said to be down. The median price for a single-family home in the area has dipped 7.9 percent to $860,000, according to a report from Douglas Elliman Real Estate.
In 2017, the European Commission proposed reducing CO2 emissions for new cars and vans by 30% in 2030, compared with levels in 2021. The aggressive rules are seen, in part, as an attempt to regain credibility after regulators failed to prevent Volkswagen and other automakers from cheating existing standards. Bolloré said he was surprised by the backlash on emissions rules following the “dieselgate” scandal: Volkswagen admitted in 2015 that software was used to cheat on pollution tests for as many as 11 million of its diesel vehicles.
You may have heard that the big wireless carriers — Verizon (NYSE:VZ), AT&T (NYSE:T),T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) — are racing to roll out 5G networks. 5G will literally change the world forever (as we'll see). While the mainstream media may be mostly ignoring 5G, the “smart money” sure isn't.
Benzinga has examined prospects for many investor favorite stocks over the past week. Bullish calls included tech giants and a big oil leader. Bearish calls included biotechs and a recent IPO.
Shares of China-based coffee chain Luckin Coffee rose sharply in its trading debut Friday on Nasdaq, well above the initial public offering price of $17. During trading Friday, the stock jumped 25.1% to $21.27 -- with the first trade for Luckin Coffee at $25 -- and then it closed up nearly 20% at $20.38. The Xiamen-based company last week filed for an initial public offering of 33 million shares at an expected range of between $15 and $17 a share.