- MarketWatch•6 hours ago
Mobius says there’s a 30% correction coming for U.S. stocks
Mark Mobius, the 81-year-old investment guru, believes the U.S. stock market is set for a 30% correction that would essentially wipe out the gains of the last two years. The renowned fund manager, who left Franklin Templeton, the American investment house, after more than 30 years in January, said “all the indicators” point to a large fall in the S&P 500 SPX, -0.85% and the Dow Jones Industrial Average DJIA, -0.82% . “I can see a 30% drop,” said Mobius, who launched one of the world’s first emerging market funds. “When consumer confidence is at an all time high, as it is in the U.S., that is not a good sign. “The market looks to me to be waiting for a trigger that will cause it to tumble. You
- Yahoo Finance•yesterday
The Trump tax cuts will benefit investors, not workers, this CEO says
Dozens of companies have given employees one-time bonuses on account of the tax cuts President Trump signed into law last year. In fact, ADP’s CEO recently told employees that investors, not workers, will see most of the benefits of tax cuts. At an internal town hall meeting on March 15, ADP CEO Carlos Rodriguez fielded an employee question on what the company planned to do with the savings from corporate tax cuts.
- Zacks•yesterday
Transocean (RIG) Wins Multiple Contracts as Oil Prices Rise
The first contract secured by Transocean is for its semi-submersible rig, GSF Development Driller I in Australia. The contract is an extension of the rig’s current work, which is scheduled to terminate in September 2018. Quadrant Energy intends to extend the contract, which will now deploy the rig for two more months — November and December.
- InvestorPlace•5 hours ago
Southern Company Leads 6 Dividend Stocks Boosting Payouts
A strong start to earnings season helped the S&P 500 Index inch higher over the last week. Several major businesses added to the positive sentiment with announcements of higher dividends. 6 notable dividend stocks increased their payouts over the last
InvestorPlace•yesterday8 Long-Term Uptrend Stocks to Buy
Netflix, Inc. (NASDAQ:NFLX) has been on a mission, both in reality and in the stock market. As you can see, Netflix stock has been a beast. Over its previous highs and above $330, Netflix stock is basing nicely.
Reuters•yesterdayTrump rails against high oil prices, OPEC pushes back
WASHINGTON/JEDDAH, Saudi Arabia (Reuters) - U.S. President Donald Trump accused OPEC on Friday of "artificially" boosting oil prices, drawing rebukes from some of the world's top energy exporters. "Looks like OPEC is at it again. Oil prices are artificially Very High! No good and will not be accepted!" Trump wrote on Twitter.
- MarketWatch•7 hours ago
Female pilots are a rarity at commercial airlines in the U.S.
Female pilots are rare, especially in the U.S. When a Southwest Airlines LUV, -0.05% plane’s engine exploded mid-flight this week, pilot Tammie Jo Shults, 56, made an emergency landing. She is a former Navy pilot and one of the first women to fly an F/A-18 fighter jet. Shults is an anomaly among airline pilots — and not just because she was able to stay calm in such extreme circumstances As a female pilot, Shults is part of a small group. Just 6.3% of commercial pilots and 6% of non-commercial pilots in the United States are women, according to the Institute for Women of Aviation Worldwide, a nonprofit based in Vancouver. That’s 6,081 commercial female pilots and 10,247 non-commercial female
- InvestorPlace•yesterday
Philip Morris International Inc.: An Industry Goes Up in Smoke
Philip Morris International Inc. (NYSE:PM) shares fell off a cliff on April 19 after the company reported disappointing earnings. The fall was bigger than the disappointment, but it seemed to portend trouble for tobacco generally and took the whole consumer staples sector of the market down with it. The company — which sells exclusively outside the U.S. and spun-out from Altria Group Inc (NYSE:MO) in 2008 — had net income of $1.65 billion, $1.00 per share, on revenue of $6.9 billion.
Yahoo Finance•yesterdayWells Fargo hit with $1 billion fine
The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of Currency (OCC) announced a combined fine of $1 billion against Wells Fargo (WFC) on Friday. The consent orders from the two agencies described how the bank unfairly disregarded its advertised process of locking-in interest rates for mortgages, as well as unfairly foisting insurance on customers taking out auto loans. If a closing of a mortgage dragged on due to Wells Fargo and not the customer, the bank still charged customers to keep the rates locked — despite this being contrary to policy, the consent order notes.
- Fox Business Videos•23 hours ago
Silicon Valley companies join Google protestors in fighting drone program
Lt. Gen. Thomas McInerney (Ret.) on how multiple technology companies have joined thousands of Google employees in protesting the company’s involvement in a drone program.
InvestorPlace•yesterday5 Top Stock Trades for Monday Morning
As earnings season is starting to pick up pace, here’s a look at some the top stock trades in the stock market. With shares of Apple Inc. (NASDAQ:AAPL) down more than 4% Friday, it’s no wonder tech is having a tough day. Many investors are trying to figure out what to make of Apple’s 7% slide over the past three trading sessions.
- InvestorPlace•yesterday
7 REITs With Big Dividend Raises Coming
“First-level” investors – those who buy and sell on headlines – mistakenly believe that real estate investment trust (REIT) profits will suffer if rates continue to rise. Overall, rising rates are actually good for the best REITs because it signals a rolling economy. Take the Vanguard REIT ETF (NYSEARCA:VNQ), which is now paying its highest current yield since 2009.
- InvestorPlace•yesterday
7 Stocks to Buy for Big May Dividend Hikes
There are three – and only three – ways a company’s stock can pay us: A cash dividend. For example, if a stock pays a 3% current yield and then hikes its payout by 10%, it’s unlikely that its stock price will stagnate for long. For example let’s look at Verizon Communications Inc. (NYSE:VZ), it pays a generous dividend – but doesn’t raise it meaningfully.
- CNBC.com•23 hours ago
Cramer Remix: The most eagerly anticipated report of the year
The market may have faced a brutal decline on Friday led by the stock of Apple, but CNBC's Jim Cramer knows investors could handle a dip in the stock of the world's largest company. "And we can handle the yield on the 10-year Treasury surging ever closer towards 3 percent. But we can't handle both in the same day," the "Mad Money" host said. "Hence today's shellacking." Cramer blamed the algorithmic processes that direct machines to sell stocks and buy bonds when Treasury yields approach 3 percent, noting the influx of good earnings reports that happened ahead of the weekend. With that negativity in mind, Cramer turned to the stocks and events he'll watch in earnings season's fullest week yet,
InvestorPlace•yesterdayTrade of the Day: Be Careful in Advanced Micro Devices, Inc. After Earnings
Semiconductor stocks as a group had a difficult day on Thursday as a broad-based sell-off in this space pushed many of these stocks lower. In my eye however the next major catalyst are the upcoming earnings reports. For Advanced Micro Devices, Inc. (NASDAQ:AMD) the earnings report will hit on April 25 after the close of trading for the day.
- CNBC Videos•23 hours ago
Cramer's game plan: Earnings could push stocks higher
Jim Cramer reviews his game plan for the week ahead and highlights the most important stocks and events to watch.
Reuters•7 hours agoFord tells WPP it will take bids from other ad agencies
Ford Motor Company said on Saturday it will take bids on some of its advertising managed by WPP, adding to uncertainty around the British ad giant after last week's exit of founder Martin Sorrell. While Ford's decision does not affect all of its accounts with WPP - and the agency will be able to bid for the rest of the business along with everyone else - it comes at a difficult juncture for the world's biggest advertising firm. Saturday's announcement is part of a review of Ford's strategy that has lasted since November, when it told long-time partner WPP that it was considering its future ad model.
Associated Press•16 hours agoDOJ looks into how AT&T, Verizon handle defecting customers
The Justice Department has opened an antitrust investigation into whether AT&T, Verizon and a standards-setting group worked together to stop consumers from easily switching wireless carriers. The U.S. government is looking into whether AT&T, Verizon and telecommunications standards organization GSMA worked together to suppress a technology that lets people remotely switch wireless companies without having to insert a new SIM card into their phones.
- BBC News•yesterday
German court rejects ad-block challenge
Germany's supreme court has rejected a legal case that sought to stop people using the popular Adblock Plus program that removes ads from websites. The lawsuit was started three years ago by German publishing giant Axel Springer. It alleged that the way Adblock Plus stopped people seeing adverts on its sites amounted to unfair competition. Axel Springer said it would continue its legal challenge by taking the issue to Germany's Constitutional Court. Free speech Adblock Plus is widely used to stop intrusive pop-up adverts and limit tracking by websites of where people go online. Adblock Plus creator Eyeo, which is based in Cologne, claims the PC version of its software has been downloaded more
The Street•yesterdayShould Tesla Nominate a New CEO Not Named Elon Musk?
Earlier this year, Tesla Inc. (TSLA) shareholders approved a new 10-year compensation plan for CEO Elon Musk that would pay him handsomely. Several billion dollars worth of handsome. However, in order for the maximum compensation to be paid out, Tesla and Musk have to hit a number of lofty milestones. One requirement? That Musk is still there. However, he doesn't need to be serving as CEO in order to still make his money. That's brought on speculation about how much longer Musk may serve as CEO of Tesla. In 2014, Musk said he would continue to serve as CEO for the next four to five years and after that "it's TBD." That would put him in 2018 or 2019. Before that, he wanted to at least introduce
- Bloomberg•yesterday
Trump's Claim of ‘Oil All Over the Place’ Isn't True Anymore
U.S. President Donald Trump’s assertion that OPEC is propping up oil prices amid oversupply and an excess of floating storage has a problem: it’s only half true. While OPEC has been curbing supply in a successful bid to revive oil prices, the group’s success means that there’s no longer a global glut of oil. “Looks like OPEC is at it again,” Trump said in a Twitter post. “With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted!” Since January 2017, the Organization of Petroleum Exporting Countries and other nations led by Russia have been slashing supply. OPEC’s compliance with the agreement
- TechCrunch•3 hours ago
Pivotal CEO talks IPO and balancing life in Dell family of companies
On one hand its part of the EMC federation companies that Dell acquired in 2016 for a cool $67 billion, but it's also an independently operated entity within that broader Dell family of companies -- and that has to be a fine line to walk. Whatever the challenges, the company went public yesterday and joined VMware as a separately traded company within Dell. CEO Rob Mee says the company took the step of IPOing because it wanted additional capital.
Associated Press•yesterdayZTE protests US penalty, says it is seeking solution
ZTE Corp., one of China's biggest tech companies, warned Friday a ban on access to U.S. technology threatens its survival and said the company is looking for a legal solution. State-owned ZTE "may enter a state of shock," which will hurt its employees and U.S. suppliers, its chairman said, according to Chinese news reports. The ban was imposed Monday in a case involving exports of telecoms equipment to Iran and North Korea.
- TechCrunch•yesterday
SmugMug acquires Flickr
Two photo-sharing services are teaming up, as SmugMug buys Flickr from Verizon's digital media subsidiary Oath. USA Today broke the news and interviewed SmugMug CEO Don MacAskill, who said he hopes to revitalize Flickr . At the same time, he said he's still figuring out his actual plans: "It sounds silly for the CEO to not to totally know what he’s going to do, but we haven’t built SmugMug on a master plan either.
- InvestorPlace•yesterday
5 ETFs to Hedge Your Portfolio Against Volatility
Volatility has been the key theme on Wall Street over the past couple of months. Although earnings optimism has once again encouraged investors to take on risk, strained U.S.-China trade ties and escalating tensions in Syria are acting as dampeners.
