Louise Yamada is a Wall Street legend. As one of the first female technicians, she called the Enron and Tyco debacles before they happened and knew someone was selling the financials as early as 2005. Listen to her now explain the current state to the
When the Navarin, an oil supertanker carrying 2 million barrels of Middle East crude, docks at the Malaysian port of Pengerang on Monday, the arrival will signal the start of a torrid time for Asia’s oil market. The extra demand comes just as physical oil supplies are made scarcer by U.S. sanctions on Iran. Supplying the new refineries, and their impact on the wider oil market, will be one of the topics of conversation at the annual Asia Pacific Petroleum Conference in Singapore, where hundreds of oil traders from across the region will gather to strike deals this week.
Today’s question is about how last year’s tax reform will affect an old tax deduction: the extra personal exemption we all get when we turn 65. For more information on this topic, check out “Beware These 10 Common and Costly Tax Mistakes” and “How Not to Blow Your Tax Refund.” You can also go to the search at the top of this page, put in the words “taxes” and find plenty of information on just about everything relating to this topic. Hello, everyone, and welcome to your “2-Minute Money Manager.” I’m your host, Stacy Johnson, and this question’s brought to you by MoneyTalksNews.com, serving up the best in personal finance news and advice since 1991.
SiriusXM, which previously invested $480 million in the music streaming service, is now acquiring it outright in an all-stock deal worth $3.5 billion. Sure enough, Pandora's CEO Roger Lynch -- who took over from interim CEO Naveen Chopra after co-founder Tim Westergren announced he was leaving the role -- says the massive merger will help it to grow its ad business and subscription offerings. "The combination creates the world's largest audio entertainment company, with more than $7 billion in expected pro-forma revenue in 2018," said SiriusXM in a blog post announcing the buyout.
The Fed's upcoming central bank decision will impact the greenback ahead of the election, according to Christy Tan from National Australia Bank.
Canopy Rivers, the venture-capital arm of Canopy Growth, made its debut on the Toronto Stock Exchange Thursday morning at $18.44 per share. The company, which makes minority investments in burgeoning marijuana companies, in an attempt to become the "Google Ventures of cannabis," found its way onto the exchange via a reverse takeover with a company formerly known as AIM2 Ventures.
Robinhood has suspended new buying of Aurora Cannabis through its platform, the brokerage said Wednesday. "This is happening because there's limited support at execution venues for the large volume of ACBFF orders we've received," Robinhood told users who own shares of Aurora.
Hong Kong’s decade-long liquidity party suddenly appears to be ending, and that can only be bad news for its expensive property market. The chance of local banks raising the so-called prime rate, which caps the cost of some mortgages, is “extremely high,” Financial Secretary Paul Chan said. A currency peg with the U.S., open financial borders and a booming economy meant Hong Kong property was one of the greatest beneficiaries of ultra-low lending costs in the wake of the global financial crisis.
Farmers across the United States will soon begin receiving government checks as part of a billion-dollar bailout to buoy growers experiencing financial strain from President Donald Trump's trade disputes with China. "It's pretty obvious that the rural agriculture communities helped elect this administration, but the way things are going I believe farmers are going to have to vote with their checkbook when it comes time," said Kevin Skunes, a corn and soybean grower from Arthur, North Dakota and president of the National Corn Growers Association. Corn farmers get the smallest slice of the aid pie.
Wall Street's convinced that Tesla will need to raise more cash, and it has some theories about how and when that may happen. Morgan Stanley said that in addition to a capital raise in 2018, Elon Musk might also need an outside partner for more financing. Wall Street remains doubtful that Tesla will go through the rest of 2018 without raising fresh capital.
DEEP DIVE On a mixed day for U.S. stocks, the Dow Jones Industrial Average hit another new closing record Friday. The Dow was up 0.3% on Friday and 2.3% for the week to close at 27,743.50 points. The S&P 500 Index (SPX) was little
The answer, according Comcast Corp. Chief Executive Officer Brian Roberts, is do both. On Saturday, his company offered about $40 billion for Sky in a knockout bid, topping rival suitor 21st Century Fox Inc. in an auction for the European TV giant. Comcast shares fell early Monday in a sign of skepticism over the move.
European stock markets traded in negative territory on Monday as fears of an escalating trade row between the United States and China spread from Asian markets, while oil rallied as U.S. sanctions restricted Iranian crude exports. The benchmark index for euro zone blue chips retreated 0.4 percent, while the pan-European STOXX 600, which also includes stocks in the UK and outside the European Union, was down 0.3 percent. U.S. shares were also expected to open lower, with futures for the S&P 500 and the Nasdaq trading down 0.2 percent and O.3 percent respectively.
SEOUL/TOKYO (Reuters) - A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of U.S. President Donald Trump's tariffs on Chinese imports. Companies including SK Hynix of South Korea and Mitsubishi Electric , Toshiba Machine Co. and Komatsu of Japan began plotting production moves since July, when the first tariffs hit, and the shifts are now under way, company representatives and others with knowledge of the plans told Reuters. Others, such as Taiwanese computer-maker Compal Electronics (2324.TW) and South Korea's LG Electronics , are making contingency plans in case the trade war continues or deepens.
One of the biggest perks to closed-end funds is that they offer an income stream and that can be a valuable part of your investment portfolio. Watch now for more.
Federated Investors’ Phil Orlando on how President Trump’s trade war with China and the midterm elections will impact the stock market.
The U.S. stock market is back at record levels, but investors aren’t in a celebratory mood. According to the weekly survey of sentiment conducted by the American Association of Individual Investors, market participants are feeling somewhat tepid about the market, despite a lengthy move higher that took both the S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA) to records on Thursday, a move that represented the first such milestone for the Dow since January.
Tilray Inc.’s stock tumbled Friday, closing down 30%, making for a dramatic end to a turbulent week that saw the entire cannabis sector post strong gains and losses, sometimes in the same session. The latest news on the Canadian full-service pot company is the push by a Florida Republican to block it from providing the substance for use in a clinical trial in the U.S., preferring instead to use cannabis produced by American companies. Tilray (TLRY)said earlier this week that the U.S. Drug Enforcement Administration had signed off on its plan to import a marijuana product from Canada in order to test its effectiveness in treating essential tremor, a neurological disease.
Barrick Gold Corp. is said to be in advanced negotiations to merge its operations with Africa-focused rival Randgold Resources Ltd., protecting the Toronto-based miner’s crown as the world’s largest producer of the metal. Executives from Barrick and Randgold are in Colorado Springs for the Denver Gold Forum. Andy Lloyd, a spokesman for Barrick, and Kathy du Plessis, a spokeswoman for Randgold declined to comment.
Investors shouldn’t let pot stock Tilray Inc.’s (TLRY) wild trading week turn them off from the marijuana sector, rival cannabis concern Canopy Growth Corp. (CGC) CEO Bruce Linton said on CNBC Friday. The fledgling sector is much more stable than Tilray’s headlines would imply, Linton insists, after Nasdaq had to halt Tilray trading five times during Wednesday’s session. This means Tilray is not the sector proxy that Wall Street makes it out to be, Linton argued.
U.S. equity futures and European stocks edged lower as China canceled trade talks with American officials after the country imposed new tariffs on $200 billion of Chinese goods. Oil rose after OPEC gave a tepid response to President Donald Trump’s calls to boost supply. Futures on the S&P 500, Nasdaq and Dow all pointed to a weaker open, while carmakers, heavily exposed to global trade, were among the biggest laggards in the Stoxx Europe 600 Index.
Move over bitcoin and ilk: Shares of Canadian marijuana companies went through the roof this week after the U.S. Drug Enforcement Administration approved Tilray’s plan to import a medical cannabis product. The ETFMG Alternative Harvest ETF (MJ) — which holds many Canadian marijuana stocks — was up 22% for one week through Thursday.
Gold posted a wicked two-sided trade on Friday before closing lower. The market opened firm amid weakness in the U.S. Dollar, but that move quickly failed and the market plunged on renewed concerns about an escalation of the trade war between the United States and China. Traders may have also been responding to expectations of higher interest rates with the U.S. Federal Reserve widely expected to raise its benchmark interest rate by 25 basis points on Wednesday, September 26.
Trump has been calling publicly for OPEC to help lower prices by producing more. "We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices!" he tweeted on Thursday. OPEC and Russia have capped production since January 2017 to bolster prices.
Bitcoin slipped by 0.5% on Saturday, partially reversing Friday’s 4.2% rally, to end the day at $6,728.1, the day’s fall leaving Bitcoin with a 3.51% gain for the current week. A bullish start to the day saw Bitcoin strike an intraday high $6,840.9, coming within range of the first major resistance level at $6,880 and more significantly, breaking out from the 23.6% FIB Retracement Level of $6,757, before hitting reverse. The reversal saw Bitcoin slide through the early morning to a morning low $6,638.8 before recovering through the afternoon to test selling pressure at the 23.6% FIB Retracement Level of $6,757, with an afternoon high $6,763.7.