President Donald Trump on Friday tweeted that the US could abandon quarterly financial reporting. Major CEOs like JPMorgan's Jamie Dimon and Berkshire Hathaway's Warren Buffett have called for changing the way companies forecast their earnings quarterly. President Donald Trump on Friday said he had instructed the US Securities and Exchanges Commission to investigate the abolition of quarterly financial reporting for US companies.
Tinder's marketing and communications chief Rosette Pambakian has reportedly been put on leave. Tinder's marketing and communications chief wrote a heartfelt email to staff before reportedly being placed on administrative leave for suing the dating app's owners.
While the new Tax Cuts and Jobs Act (TCJA) includes one negative change for Roth IRAs, they are still pretty wonderful. Here’s what you need to know about Roth IRAs and especially Roth IRA conversions in the post-TCJA world. Unlike traditional IRA withdrawals, qualified Roth IRA withdrawals are federal-income-tax-free and usually state-income-tax-free too.
Jim Cramer answers callers' questions about how to diversify their portfolios, including which tech stocks to keep and which to throw out.
Tesla shares are closing with a loss of $29.95, about 9 percent, at $305.50 after CEO Elon Musk told the New York Times that the stress of the job is getting to him. Musk admitted in an interview with the Times that the stress of running Tesla has affected his health. Musk is the public face of, and driving force behind Tesla and investors have stuck with the eccentric billionaire despite a number of controversies.
Louisiana is using the bond market to stick up for the Second Amendment. The state’s bond commission voted 7 to 6 Thursday to ban Bank of America Corp. and Citigroup Inc. from working on its upcoming debt sale because of the banks’ "restrictive gun policies," the state treasury said in a statement. Bank of America and Citigroup are the two top-ranked underwriters of long-term municipal debt, according to data compiled by Bloomberg.
This is especially true when dealing with a Chinese company like Alibaba Group Holding (NASDAQ:BABA), which is due to report earnings on August 23 before the U.S. market opens. The on-again, off-again trade war with China has been driving Alibaba stock, as China has slowly lowered the value of the yuan against the dollar. Source: Shutterstock The Chinese currency was at 6.27 to the dollar in April. It’s currently at 6.88, having reversed its move toward seven after agreeing this week to hold trade talks with the U.S. Those talks will focus, not on the intellectual property issues that most concern the U.S., but on the yuan, which the U.S. now wants very much to go up.
It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Amazon.com, Inc. AMZN. This year’s significant earnings growth expectation over the prior year should ultimately translate into price appreciation.
A funny thing happened between Aug. 16, 2012, when Apple (NASDAQ:AAPL) initiated a $2.65 quarterly dividend, its first since 1995, and today — Apple became a dividend stock. Since the company paid that first dividend, Apple’s stock shot up 233% and its dividend has grown by 115%, an annualized growth rate of 14%. A big reason Apple initiated its capital allocation program in the first place was to appease investors who felt its growth was slowing and it wasn’t returning enough money to shareholders through dividends and share repurchases.
Gourmet Master Co. stock plunged as the cafe operator got caught in crossfire with China over Taiwan President Tsai Ing-wen’s visit to an outlet in the U.S. for a cup of coffee. The shares slumped 7.5 percent in Taipei trading Thursday, wiping $120 million from its market value, after a newspaper in China published calls to boycott the chain for hosting the Taiwanese leader at a store in Los Angeles. The Communist Party-run Global Times yesterday reported the incident earlier this week had angered Chinese consumers as it demonstrated Gourmet Master’s support for Tsai.
The number of “401(k) millionaires” surged in the second quarter, as broad gains in the stock market lifted the value of Americans’ retirement plans. Fidelity Investments said Thursday the number of people with at least $1 million in their 401(k) plan climbed to 168,000 by the end of June, up 41 percent compared to the same quarter in 2017. The company also noted that the percentage of 401(k) millionaires who are women rose to 21 percent.
There was a big bombshell in marijuana land. Constellation Brands (STZ) known for its beer, wine and spirits, is investing about $4 billion in Canadian marijuana company Canopy Growth (CGC) Constellation paid a whopping 51% premium. Marijuana stocks are highly volatile, and investors need help in properly investing and trading them.
Both Fluke and Flounder are flat, bottom dwelling fish that live in the waters off Long Island. For those of you who like to get out there and fish these waters, these are fish that make for good eating, and generally speaking, are just not equipped
Sandberg certainly has had a tough year at Facebook along with Mark Zuckerberg. Given her tenure at the social media giant, it could be time to wave goodbye and take on the role of turning Tesla into a real company.
Walmart is surging after crushing earnings estimates Thursday morning, adding about $12 billion to the wealth of the Walton family. An investment of $1,000 at the start of 1980 would be worth over $1.9 million today. Walmart's stock price is surging after the company announced better-than-expected earnings results Thursday morning.
During 2018, the return on Bank of America (NYSE:BAC) has been uninspiring, coming to about 5%. Yet various other large banks have posted worse returns than BAC stock; Citigroup (NYSE:C) and Wells-Fargo (NYSE:WFC) have generated negative returns. OK,
Facebook Inc.'s ( FB) stock has fallen by more than 20% since the company reported second-quarter results at the end of July. Now some options traders are betting the decline in the stock isn't over and that it may fall by as much as an additional 15% by November. Analysts have been slashing their revenue and profit forecasts for the social media company for the coming third quarter and full year.
Fast Money Trader Karen Finerman on how to become a millionaire ahead of your retirement.
The newspaper reported that during an hour-long telephone interview on Thursday, Musk alternated between laughter and tears, acknowledging that he was working up to 120 hours a week and sometimes takes Ambien to get to sleep. The interview puts board members in a difficult position because Musk, who entered Tesla as a major investor and built the company into a force that has changed the perception of electric cars, is the company's public identity.
With just a quick glance General Electric (NYSE:GE) and Ford Motor (NYSE:F) appear to be cut from the same cloth. Both were once at the top of their game, but recently, both F and GE stock have been destroyed as the sheer passage of time has made the two companies much less relevant. When one takes a closer look, however, it becomes clear that General Electric and Ford aren’t exactly carbon copies of one another.
Warren Buffett was a major shareholders in Walmart until 2016, when he sold most of Berkshire Hathaway's stake in the retailer. At that time, Buffett cited Jeff Bezos and Amazon as a threat that made retail stocks a "tough" game. Walmart stock has risen from the $70-range to the $100-range since Berkshire sold billions in shares, but Berkshire has seen newer holdings in tech, such as Apple, and deep value plays, such as Teva Pharmaceuticals, perform very well.
While you're in a lower tax bracket, converting your traditional IRA or 401(k) to a Roth IRA can make sense if you have the cash to pay the taxes due on the conversion. A special opportunity to do some serious tax-planning awaits many people heading into retirement. This sweet spot is the stretch of time that starts after you're done with full-time work and before you begin taking required minimum distributions from your 401(k) account or traditional individual retirement account at age 70½.
Elon Musk, the embattled chief executive of electric automaker and sustainable energy company Tesla, tried to “set the record straight” about his recent behavior in an hour-long exclusive interview with The New York Times. In the wide-ranging interview, Musk acknowledged the personal and physical toll running Tesla was taking on him and tried to explain away his recent behavior. The latest drama began with a simple midday tweet last week indicating that Musk had secured funding to take Tesla private at a price of $420 per share.
Shares of Cisco CSCO surged as much as 5.1% higher on Thursday, the day after the storied multinational conglomerate reported its Q4 earnings. After this solid run, some investors may want to realize their gains, but it seems that this old dog truly can learn new tricks. Wednesday’s results marked its third-straight quarter of revenue growth, a welcome trend for Cisco, which had previously endured a two-year decline in topline performance.
Savita Subramanian, head of U.S. equity and quantitative strategy at Bank of America Merrill Lynch, explains why the flattening yield curve is not a signal to get out of the market. She speaks on "Bloomberg Daybreak: Americas." More from Bloomberg