After any normal voyage the tanker would quickly deliver its 700,000 barrels of Russian crude into a refinery for processing into gasoline, diesel and other petroleum products. Back in April, unusually high levels of the chemicals known as organic chlorides were discovered in Russian crude flowing through the giant Druzhba pipeline, built in the 1960s to carry crude from the U.S.S.R. to allied countries in Eastern Europe. The chlorides can severely damage oil refineries and on April 24 Russia's state pipeline operator, Transneft PJSC, halted shipments.
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.
Shares of credit card transaction technology company Total System Services jumped nearly 10% on Friday on reports that it has engaged in preliminary merger discussions with electronic payment technology company Global Payments . Total System Services stock was up 15.37%, or $15.31, at $114.93 in Friday afternoon trading following a report from Bloomberg that the company was in early stage potential merger talks with Global Payments. Shares of Global Payments also jumped higher, gaining 4.5%, or $6.66 to $154.63.
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.
China is currently the largest holder of U.S. government debt. It now owns $1.12 trillion in U.S. Treasury bonds. If China decided to sell off its U.S. government debt holdings as a form of retaliation in the ongoing trade war with the U.S. and President Donald Trump, it could upend global financial markets and drive U.S. interest rates higher.
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.
Snap Inc. NYSE: SNAP) is in talks with major record labels to expand the ways users can include music in posts on its Snapchat app, according to The Wall Street Journal. Snap shares were trading up by 4.23 percent at $11.59 at the time of publication Friday.
The couple were taken into custody by immigration officers, the Indian Express reported, citing sources. Local media, citing sources, reported earlier this month that the ministry of corporate affairs had been looking into Jet's books and had asked for a corporate fraud investigation into the airline, suspecting that its promoters siphoned off funds. Once one of India's largest carriers, Jet was forced to ground all flights last month after running out of money and failing to secure funds, crippled by mounting losses as it attempted to compete with low-cost rivals.
Some people have to pay federal income taxes on the Social Security benefits they receive. Typically, this occurs only when individuals receive benefits and have other substantial sources of income from wages, self-employed earnings, interest, dividends, required minimum distributions from qualified retirement accounts, and other taxable income that must be reported on their tax returns. Taxable Social Security Income In accordance with Internal Revenue Service (IRS) rules, you won't pay federal income tax on more than 85% of your Social Security benefits.
Most billionaires in the world didn't inherit their wealth. Most billionaires put their money into public holdings — 36.4% of their portfolios were allocated to this asset class — followed by private holdings at 35%, liquid assets such as cash at 26.4%, and real estate and luxury assets at around 2.2%. Breaking the group down, those with $1 to $2 billion in assets generally invested mostly in liquid assets, while those with over $50 billion invested mostly in public holdings.
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.
President Donald Trump lit the touchpaper days before, signing an order effectively curbing Huawei Technologies Co.'s access to the American market. The move against Huawei -- a metaphorical hand grenade in the heart of global tech -- has forced market participants to ditch the rose-tinted glasses. “The market needed an excuse to correct and the trade-war headlines were the trigger, but the underlying weakness is much more complex than that,” said Alberto Tocchio, the chief of Heron Asset Management, a Switzerland-based family office with 2.5 billion Swiss francs ($2.5 billion) under management.
Modern technology has vastly altered the competitive landscape in e-commerce, payment networks, online lending, money transfers, business-to-business payments, personal finance and banking. Fintech companies, short for financial technology, operate within these areas. As a result, there are a plethora of finch companies to buy and watch.
Taiwan Semiconductor is doing its best to hold onto its recently-won crown. This week, TSMC, which is believed to have over half the chip contract manufacturing (foundry) market, said it has started volume production for the second manufacturing process to rely on its 7-nanometer (7nm) process node. Relative to its original 7nm process, known as N7, the new process, known as N7+, offers about a 10% improvement in power efficiency and a 20% improvement in transistor density.
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.
SMIC, which is backed by the Chinese government and state-owned shareholders, will focus on its existing Hong Kong listing going forward but there will be trading options for those holding U.S-based ADRs. In its announcement, SMIC said it plans to delist for reasons that include limited trading volumes and "significant administrative burden and costs" around the listing and compliance with reporting. What it doesn't say is that this is linked to the frosty relationship between the U.S. and China, and already the company has played that rationale.
Stepping up Beijing's propaganda offensive in the tariffs standoff with Washington, Chinese state media on Friday accused the U.S. of seeking to "colonize global business" with moves against Huawei and other Chinese technology companies. There was no word from either side on progress toward resuming talks between the world's two largest economies, though President Donald Trump said he expected to meet with his Chinese counterpart, Xi Jinping, next month at a G-20 meeting in Japan. Negotiations over how to cut the huge, longstanding U.S. trade deficit with China and resolve complaints over Beijing's methods for acquiring advanced foreign technologies foundered earlier this month after Trump raised tariffs on billions of dollars of imports from China.
To keep production high, the Administration is giving the oil companies everything they always wanted. It's possible because oil and gas no longer represent cheap energy. The lifetime cost of solar and wind installations, $63.20 per Megawatt-hour, is now below that of coal, and approaching that of natural gas. The solar power expansion that began early this decade in the Far West, spurred by favorable tax laws, has now spread to the heart of the U.S. oilpatch.
So what are insiders buying as the market sells off in recent trading sessions? Today, we look at several names in the high beta small cap biotech sector drawing considerable insider purchases in recent days. Let's start with The Medicines Group .
A Silicon Valley chip startup has accused a top executive of China's Huawei Technologies Co Ltd, Deputy Chairman Eric Xu, of participating in a conspiracy to steal its trade secrets, the Wall Street Journal reported on Wednesday, citing court documents. Huawei had filed a lawsuit in 2017, accusing CNEX Labs Inc and its co-founder Ronnie Huang, a former employee of a Huawei unit, of poaching Huawei employees and stealing Huawei's trade secrets and intellectual property to build CNEX. CNEX has said in counterclaims that Huawei misappropriated its technology.
American Airlines (NYSE:AAL) also saw unusual options activity as it tests a critical support zone. Let's take a closer look: National Oilwell Varco (NOV) Yesterday's crude oil crash sent oil stocks sliding. National Oilwell Varco dropped 4.41% on the highest single-session volume in two years.
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.
In financial markets, there are certain price levels that are more significant than others with regard to the amount of supply and demand that exists at them. When understood and applied correctly, technical analysis is an illustration of these dynamics. Being aware of, and understanding where these levels and trends are when investing in marijuana stocks can lead to massive profits.
Given the growth in the payments industry, PYPL will continue its rise long term. However, the question is not whether to buy PYPL stock, but if investors should choose it over its closest peers. PayPal stock continues to register impressive growth, even as it seeks to address the competitive threat posed by Square (NYSE:SQ).
This weekend's Barron's cover story takes a look at digital payments giants. Other featured articles review the top dividend payers of the first quarter; placing bets on the future of tech; tariffs and the price of beer. Also in the issue: the prospects for a lagging hospitality giant, an agriculture spinoff and two very different retailers.