Business Insider•5 hours agoNew details emerge on the office affair that led to Intel CEO Brian Krzanich's surprising resignation on Thursday (INTC)
The office affair which sparked Intel CEO Brian Krzanich's surprise resignation on Thursday started a decade ago and ended before he became CEO in 2013, The Wall Street Journal reported. Intel CEO Brian Krzanich resigned on Thursday after it was found that he violated a company policy regarding relationships with co-workers. The relationship was with a woman who still works at Intel and started about a decade ago, sources told the Journal.
- InvestorPlace•yesterday
Marijuana Stocks: Two to Consider, Two to Avoid
The marijuana legalization movement is picking up speed. Uruguay became the first nation in the Americas to permit recreational marijuana usage in 2014. Marijuana stocks were waiting for a bigger market to come online.
Business Insider•6 hours agoFormer Microsoft CEO Steve Ballmer's has advice for Facebook and Google: Don't make the mistake we did (FB, GOOG, GOOGL, MSFT)
The backlash against Silicon Valley is growing. Steve Ballmer, the former CEO of Microsoft, has some advice for the likes of Facebook and Google: Accept you've screwed up, and work with regulators to fix it. As Silicon Valley battles scandals and increasing regulatory scrutiny, Former Microsoft CEO Steve Ballmer has warned Facebook and Google not to make the same mistake Microsoft did.
- Zacks•yesterday
Southwest Bumps Into New Trouble Due to Flight 1380 Incident
Southwest Airlines Co. LUV is faced with a new trouble related to the April 17 flight 1380 incident. Per media reports, a group of eight passengers aboard the Southwest flight in April has filed a lawsuit against the carrier in the Supreme Court of New York. The tragic incident in April forced the carrier to make an emergency landing at the Philadelphia International Airport due to an engine failure causing a fan blade to detach.
- InvestorPlace•7 hours ago
At This Point, Micron Stock Looks Pretty Much Unstoppable
Micron Technology Inc. (NASDAQ:MU) did it again. Strong earnings, and a stronger forecast from CEO Sanjay Mehotra, continued to power Micron stock upward, but bears won’t let it go past the fundamentals so the memory chip maker is still a buy. On June 20 Micron reported net income of $3.823 billion, $3.10 per share, on revenue of $7.8 billion for the quarter. This compares to earnings of $1.65 billion, $1.40 per share, and revenues of $5.56 billion a year ago.
MarketWatch•4 hours agoHow to outlast a job you hate until you can retire
Filling your mind with pleasing images of retirement — what you’ll do, where you’ll reside — can divert attention from the daily grind. Counting the days until retirement gets easier if you’re used to priming your brain to work to your advantage. Joanne Waldman is director of training at Retirement Options, which certifies retirement coaches and offers retirement readiness assessments.
- InvestorPlace•yesterday
General Electric (GE) Secures Order for 50 New Locomotives
General Electric’s (NYSE:GE) operating segment, GE Transportation, recently secured orders for 50 new locomotives from the Mexican and US rail subsidiaries of Kansas City Southern (NYSE:KSU). Notably, these locomotives are expected to be delivered by
- The Fiscal Times•2 days ago
Supreme Court Approves Online Sales Taxes. Here's What Happens Next
In a close decision delivered Thursday, the Supreme Court cleared the way for state and local governments to begin collecting sales taxes from online retailers and other merchants who lack a presence in a given locale. The decision could result in billions of dollars in extra tax revenues at the state and local level. The background: A 1992 court decision exempted retailers who lacked a physical presence in a state, such as catalog merchants, from paying sales taxes.
- CNBC Videos•yesterday
'Fast Money's bitcoin funeral
The "Fast Money" traders break down their past coverage of bitcoin.
InvestorPlace•yesterday5 Cheap Technology Stocks Amid the Sector’s Weakness
U.S. equities were pressured on Thursday as a Supreme Court decision against technology stocks hit the FAANG group particularly hard. The result is the Dow Jones is poised extend its longest losing streak since the 1970s as the Nasdaq Composite finally shows some of the weakness the rest of the market has been showing for weeks. Value investors are sniffing around, looking for an entry point.
- Fortune•yesterday
$1 Billion Bitcoins Lost in Mt. Gox Hack to Be Returned to Victims
A Japanese court ruled Friday to pull infamous Bitcoin exchange Mt. Gox out of bankruptcy, opening the door for at least $1 billion worth of cryptocurrency to be paid back to the company’s former customers. The decision was a stunning outcome for victims in a saga that represents Bitcoin’s darkest chapter since its creation nearly a decade ago: Mt. Gox, then the largest Bitcoin exchange in the world, collapsed in early 2014 after realizing it had lost all the cryptocurrency it held — 850,000 Bitcoins valued at roughly $473 million at the time. The Mt. Gox hack is still the biggest theft of Bitcoins in history.
- The Wall Street Journal•21 hours ago
Dow Suffers Biggest One-Week Loss Since March
The Dow Jones Industrial Average rose Friday but posted its biggest one-week slide since March as escalating tariff tensions drove investors out of companies they fear could suffer under tighter trade conditions. Stocks wobbled throughout the week, with shares of industrial firms, agricultural companies and auto makers sliding as investors feared global trading relations were becoming increasingly fractured. President Donald Trump asked his administration Monday to identify an additional $200 billion of Chinese goods that would be penalized with tariffs.
- Oilprice.com•yesterday
Tesla Closing Down Solar Capacity
Tesla is closing down solar panel sales and installation facilities in nine states, Reuters reports, citing current and former employees of the company’s solar business as well as internal documents. The documents name 14 solar panel installation locations of what was previously SolarCity across nine states as well as a suspension of a retail partnership with Home Depot. This partnership, Tesla employees told Reuters, brought in half of the solar business’ sales.
- Bloomberg•yesterday
Mueller Seeks to Bar ‘Vindictive’ Defense at Manafort Trial
Special Counsel Robert Mueller asked a judge to bar Paul Manafort from arguing at his upcoming criminal trial that the government’s investigation into his business activities was selective or vindictive. Donald Trump’s former campaign chairman should also be blocked from speculating about Mueller’s motive or saying the Justice Department probed the same activity in 2014 “and simply chose not to pursue it,” the U.S. said in a filing Friday in federal court in Alexandria, Virginia. “The boundaries of the special counsel’s authority are irrelevant to the jury’s consideration of whether the evidence proves the elements of the tax, foreign account, and bank fraud offenses,” the U.S. said in the filing.
- InvestorPlace•yesterday
Stick With Alibaba Stock – Despite Recent Choppiness
From late April to early June, Chinese e-commerce giant Alibaba Group (NYSE:BABA) went gangbusters. It also acquired Daraz and continued to expand the commerce business into Southeast Asia. BABA stock was soaring from $170 to $200 and up.
- CNBC Videos•yesterday
What does OPEC's decision mean for gas prices?
Tom Kloza, Oil Price Information Service head of energy analysis, discusses how gas prices will be impacted by OPEC's decision to hike oil output.
- Yahoo Finance•yesterday
Foxconn executive: Make products in the US and sell them to China
Foxconn, which makes electronic devices for Apple and Amazon in China, will open its first U.S. facility in Winsoncin. Foxconn, the world’s largest electronics contract manufacturer and a major Apple (APPL) supplier, defended its $10 billion investment in the U.S. amid the trade dispute between the U.S. and China. “If you want to work around customers, to satisfy [their different needs], or take advantage of [the] consumer electronic markets, there are no other places to go but China and the U.S,” said Louis Woo, special assistant to Foxconn Chairman Terry Gou, at the SelectUSA Investment Summit in National Harbor, Maryland, on Thursday.
- MarketWatch•6 hours ago
Micron earnings prove the doubters wrong again
Opinion: Memory chip maker’s stock gains after it combats every doomsday scenario with results and forecastBloomberg News/Landov”The industry we operate within is structurally different than in the past,” Micron Chief Executive Sanjay Mehrotra said Wednesday. Micron Technology Inc. once again countered all the doubts surrounding its stock Wednesday, as executives forcefully contended that the current strength in memory markets is not just a cyclical upturn. Micron (MU) on Wednesday reported strong profit and sales gains with a forecast that showed confidence that demand for memory chips will continue, along with higher prices of those components.
- Zacks•yesterday
Top Research Reports for Procter & Gamble, AbbVie & IBM
Friday June 22, 2018The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Procter & Gamble (PG), AbbVie (ABBV) and IBM (IBM). These research reports
Reuters•yesterdayTrump greets EU trade reprisals with threat of steep auto tariff
President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars. Trump posted his threat on Twitter the day European Union reprisals took effect against U.S. tariffs on European steel and aluminum. The EU targeted $3.2 billion in American goods exported to the 28-member bloc.
- Zacks•yesterday
The Zacks Analyst Blog Highlights: Micron, NVIDIA, Texas Instruments, Diodes and Silicon Laboratories
Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Micron Technology, Inc. MU, NVIDIA Corp. NVDA, Texas Instruments Inc. TXN, Diodes Inc. DIOD and Silicon Laboratories Inc. SLAB. Micron Technology, Inc. reported stellar sales and profits in the fiscal third-quarter 2018, fueled by high demand for chips that store data in mobile devices and components.
- InvestorPlace•yesterday
Why This Time It May Be Different for Kinder Morgan Stock
There’s a lot to like about Kinder Morgan (NYSE:KMI) at the moment. While KMI is still heavily leveraged, the balance sheet is improving. KMI stock looks reasonably cheap compared to peers, and plans for an increasing dividend suggest the yield could exceed 7% (against current prices) in just two years.
- Zacks•yesterday
Why Tesla Shorts Are Doomed
Make no mistake about it, the Tesla (TSLA) shorts are going to be covering. We saw the first wave of shorts cashing in on a recent share price tumble, but what followed was only the start of what could be an epic run. The shorts won’t be helped if Tesla misses sales estimates. I know that flies in the face of common sense, but the fact is that TSLA has come up short of expectations far more than it has beaten the number. Tesla announces quarterly car sales on or about July 6, 2018 – but the numbers don’t really matter. To be clear, the numbers kind of matter, but we already know they are pretty good. They will show solid growth for all models, but that isn’t the story.
- Zacks•yesterday
UPS Signs 5-Year Tentative Labor Deal: What Lies Ahead?
United Parcel Service, Inc. UPS received encouraging news on the labor front when the company inked a tentative deal with the International Brotherhood of Teamsters — a labor union in the United States and Canada. Notably, this provisional agreement with the teamsters union pertains to the wages and other benefits of multiple employees (mostly package handlers and drivers) in Louisville.
- Investopedia•yesterday
Micron Faces 'Big Correction' in 2019: UBS
Surging profit growth and a better-than-expected sales forecast has led many analysts to gush over Micron Technology Inc.’s ( MU) prospects. In a research note, reported on by Barron’s, UBS’s Timothy Arcuri continued to take a bearish tone on the high-flying chipmaker. After applauding Micron for its “solid execution,” Arcuri warned that risks of a “big correction” for the memory chip market remain on the horizon for next year, prompting him to reiterate his sell rating on the stock and a price target of $42, representing 29% downside from Thursday’s closing price of $59.44.
