The Fed will hold its two-day policy meeting next week, with the central bank's interest rate decision due at 2 p.m. ET on Wednesday, June 19. While CME Group's FedWatch tool pegs the odds of a June rate cut at less than 25%, traders will undoubtedly dissect a post-meeting presser with Fed Chair Jerome Powell for more hints of a July rate cut, the odds of which currently sit at 86.9%. Below are the 25 worst stocks to own the week of Fed policy meetings, looking at data since 2015, which encompasses 35 meetings.
The seemingly unexpected collapse of trade negotiations between the US and China last month hinted that continual Sino-US tariffs may be the new normal. The latest trade numbers suggest that, China has been selling Americans fewer goods like computers and auto parts—and that other countries are benefitting from taking up the slack. What's at stake here isn't merely the health of China's export-focused manufacturing sector (and the millions of workers it employs).
Best-selling author, TV host and personal finance guru Suze Orman has been inspiring Americans for decades to make better money moves and avoid serious financial mistakes. She'll be the first to tell you that what you don't do with your money may be even more important than what you do with it. Here are 22 major money don'ts — straight from the expert.
Google is making an even larger investment than expected for its first data center in Texas. The search-engine giant, part of the Silicon Valley's Alphabet Inc. (Nasdaq: GOOGL), is putting $600 million in the Ellis County facility, according to a statement on Friday. The company says it will create a number of jobs at the data center and hundreds of construction jobs.
Christian Gattiker, head of research at Bank Julius Baer, discusses what he thinks is boosting markets right now and where he sees them heading. He speaks on “Bloomberg Markets: European Open.
3M is a multi-national technology conglomerate that manufactures industrial, safety and consumer products including the ever-popular post-it notes. The daily chart for 3M shows a huge price gap lower on April 25, after it reported an earnings miss and disappointing guidance. The weekly chart for 3M is negative but oversold with the stock below its five-week modified moving average of $175.95 and below its 200-week simple moving average or "reversion to the mean" at $190.50.
Indians are the most engaged at work compared to others around the world. The country clocked the highest increase (by 5 percentage points) in the number of “fully engaged” workers between 2015 and 2018, according to a June 14 global survey by ADP Research Institute, which focuses on human capital management and human resource management. China fared the worst, with a 13 percentage-point drop in the period, bringing employee engagement down to a dismal 6%.
Europe's Airbus is looking at opening up a new front in its ongoing aerospace battle with U.S. rival Boeing by bringing the world's first hybrid-electric airliner to market. The plane-maker believes a new propulsion system will be ready for when an all-new single-aisle jet is released in 2035, insiders told Bloomberg. The way forward is still not clear, with the sources saying Airbus will start with a smaller single-aisle model before working up to a size comparable to the 240-seat A321neo.
It's a tough decision that many of the Midwest's farmers had to make this month: To plant, or not to plant. James McCune's corn fields in western Illinois are typically covered with rows of hardy, knee-high corn this time of year. After non-stop rain plagued the region this spring – when corn farmers typically get seed in the ground – most have decided time is now too short and are choosing not to plant.
While Americans are struggling to save, they are also living longer lives, which can put a big strain on retirement savings. On average, about half of Americans are on track to experience a potential shortfall covering essential expenses in retirement, according to Fidelity Investments. A new report from the World Economic Forum found that, in the U.S., the average 65-year-old has enough saved to cover about 9.7 years of retirement – not including Social Security and other government programs.
Analysts are looking for earnings of 90 cents per share on revenues of $15.6 billion. When the company last reported on April 25, earnings of 89 cents per share beat estimates by two cents. Nvidia (NVDA) Nvidia (NASDAQ:NVDA) shares are simply unable to get up off the mat, as the onetime momentum sweetheart languishes near its December lows and remains well below its 50-day and 200-day moving averages.
General Electric, one of the most widely held and actively traded stocks, continues to look for a turnaround as investors wonder whether GE stock is a buy or sell right now. Shares of the American manufacturing icon are up sharply in 2019 after a brutal couple of years for GE earnings. Should investors consider GE stock?
With CBS stock priced at only 7.5 times this year's expected earnings though, the company would also make for a dirt-cheap entry or expansion into the entertainment industry. Air Lease (AL) Air Lease (NYSE:AL) relies on at least a decent economy to drive demand for passenger jets, and recently, investors have seen what they think are too many red flags. Take a closer look at all the data, though, and matters aren't as dire as they may seem.
This stock is down sharply on earnings/outlook. Today was a bad day for chip stocks overall with Philadelphia Semiconductor index down 2.5%, 3%.
As Huawei Technologies Co. comes under unrelenting pressure from the Trump administration, the Chinese telecom giant has one advantage that the U.S. can't undermine: a vast, global portfolio of patents on critical technology. Huawei holds 56,492 active patents on telecommunications, networking and other high-tech inventions worldwide, according to Anaqua's AcclaimIP. And it's stepping up pursuit of royalties and licensing fees as its access to American markets and suppliers is being restricted.
Facebook is close to revealing plans for a digital currency that could be used to make purchases on the internet, transfer money and other cash-related transactions without the help of a bank. The Facebook cryptocurrency announcement could come as early as Tuesday, reports say, after being under development for more than a year. It also could give Facebook more data on who buys what, and aid in ad measurement and targeting. Facebook has yet to publicly acknowledge its cryptocurrency plans.
Retail giant Walmart Inc. will lay off hundreds in Charlotte starting later this year as it outsources its finance and accounting operations. The retailer filed a Worker Adjustment and Retraining Notification with the N.C. Department of Commerce this week, stating a permanent closure of a Walmart division in Water Ridge will result in about 569 layoffs. Walmart (NYSE: WMT) signed a 12-year lease in 2015 to occupy the full 107,545-square-foot building at 2118 Water Ridge Parkway, where it operates several units, including finance and accounting.
Also, what does a chipmaker's guidance say about iPhone sales? Al Root looks at the meaty issue of fake beef and growing competition to provide it in "Amazon, Grubhub, and the Turf War Over My Meatball Hero." Read about the competition for Beyond Meat Inc.
For financial professionals around the globe this week, rising trade tensions and fears of a slowdown were no match for an unlikely drama suddenly unfolding in China: UBS Group AG's struggle to quell a public uproar over an economist's quip about pork prices. Was the furor in China -- amplified by state media and a local industry group's demand for the economist's firing -- some sort new front in the trade war? Might U.S. and European banks finally on the cusp of expanding in mainland China be thwarted over perceived slights?
A required minimum distribution is the amount retirement account owners must withdraw from their IRAs and 401(k)s each year. When you take these withdrawals, you also have to pay taxes on each distribution. Retirement account withdrawals are required after age 70 1/2, except for Roth IRAs, which do not have distribution requirements for the original account owner.
How to retire in Slovenia Slovenia doesn't have a retirement visa for noncitizens of the European Union, so an Ameican retiree will have to apply for a one-year temporary residence permit before leaving the U.S. And, you'll need to choose a "purpose" for your visa. U.S. seniors can apply for the purpose of study — such as to take language classes — or for the purpose of becoming a self-employed worker. You must show you have an income at least equal to the "basic minimum income" in Slovenia, which was less than $450 a month in August 2018.
The announcement by cloud giant Salesforce.com Inc. (CRM) to purchase data analytics company Tableau Software Inc. (DATA) for about $15.7 billion is likely to spur an arms race among Microsoft Corp. (MSFT), International Business Machines Corp. (IBM) and other major players as they seek to protect their market shares. Citigroup, in a recent note to clients, highlighted the most likely new takeover targets within the cloud, analytics and software businesses.
Often, when analysts or bloggers talk up the potential of marijuana stocks, the focus is on the consumer side of the industry. Indeed, it's on the medical side where growth likely is to be largest in the near term. Canada did legalize recreational marijuana in October, but investors promptly sold the news in response.
Before you head to Europe, Asia or the Caribbean this summer for your holiday, figuring out where to get the best exchange rate for money will save you the headache of finding a favorable rate as you adjust to the jet lag. Consider trading your U.S. dollars for euros, pesos or yen before you start your vacation so you can find the lowest fees and the best conversion rate. If you're traveling to several different countries with different currencies, planning ahead will save you even more money and time.
Chewy IPO: 14 Things for Investors to Know If semis and tech catch a bid next week, see that Micron can hurdle $34 and its 20-day moving average. Otherwise, this one looks risky on the long side, particularly with a percolating trade war. Top Stock Trades for Tomorrow #2: Barrick Gold Gold has been doing well as investors worry about the global economy.