• Fiat Chrysler-Renault tie up: What the maker of Jeep could gain
    TechCrunch30 minutes ago

    Fiat Chrysler-Renault tie up: What the maker of Jeep could gain

    Fiat Chrysler Automobiles and Renault are reportedly in talks that could result in merging vast swaths of their businesses, a move that illustrates the growing desire among automakers to consolidate in an environment of increased regulatory pressure, sales declines and rising costs aimed at bringing next-generation technologies like self-driving cars to market. Bloomberg, Financial Times, and the Wall Street Journal have reported on talks of a tie up that could result in Fiat Chrysler eventually becoming part of the Renault-Nissan Motor alliance. For now, the deal doesn't include Nissan, according to Bloomberg.

  • Fox Business2 days ago

    Average 401(k) balance by age group: See how your retirement savings compare

    This could, in part, be due to a noticeable bump in employer contributions — which are continuing to increase in 2019. "The average 401(k) employee contribution amount, in dollars, reached a record level of $2,370 in Q1, a 15% increase over one year earlier. In addition, the average 401(k) employer contribution, or company match, reached $1,780 in Q1, a record high and a 6% increase from one year earlier," Fidelity stated in a May report.

  • Global Payments, Total System Have Held Tie-Up Talks, Sources Say
    Bloomberg2 days ago

    Global Payments, Total System Have Held Tie-Up Talks, Sources Say

    A representative for Global Payments declined to comment, while a Total System Services representative didn't respond to requests for comment. Global Payments shares rose 4.6% to $154.85 at 1:05 p.m. in New York, valuing the company at about $24.3 billion. Total System Services jumped the most in nine years to $111.66 for a market valuation of $19.8 billion.

  • Avoid Paying Taxes on Social Security Income
    Investopediayesterday

    Avoid Paying Taxes on Social Security Income

    Some people have to pay federal income taxes on the Social Security benefits they receive. Typically, this occurs only when individuals receive benefits and have other substantial sources of income from wages, self-employed earnings, interest, dividends, required minimum distributions from qualified retirement accounts, and other taxable income that must be reported on their tax returns. Taxable Social Security Income In accordance with Internal Revenue Service (IRS) rules, you won't pay federal income tax on more than 85% of your Social Security benefits.

  • 25 Stocks to Avoid After Memorial Day
    Schaeffer's Investment Research2 days ago

    25 Stocks to Avoid After Memorial Day

    Below, we take a look at the 25 worst stocks to own the week of Memorial Day. Looking at S&P 500 Index stocks over the past 10 years -- and considering only stocks with at least eight years' worth of returns -- a handful of bank names made the list. STI and FITB have ended the week lower 80% of the time, averaging losses of 2.49% and 2.07%, respectively, per data from Schaeffer's Senior Quantitative Analyst Rocky White.

  • CNBC2 days ago

    Buy these 2 stocks that pay you more than the 10-year yield, says expert

    But while the sector plays might look tempting, one expert recommends being more selective. "Typically, if a company wants to pay a dividend, you need to have a solid balance sheet and strong cash flow, and those are the kinds of companies that do well when times get tough," Mark Tepper, president and CEO of wealth management firm Strategic Wealth Partners, said Thursday on CNBC's "Trading Nation." "So, of all the sectors, we like financials, but I still think you need to pick the winners, not the sector," he said.

  • The Silver Lining Of An Oil Price Crash
    Oilprice.com2 days ago

    The Silver Lining Of An Oil Price Crash

    It has been a dismal week for oil prices despite a slight recovery on Friday morning, but there may be a silver lining to the most recent price crash. Oil rebounded on Friday but it was not enough to erase the roughly 7 percent meltdown seen on Thursday. The trade war is starting to become a top concern for global equity and commodity markets.

  • How China could use its massive US debt holdings as a trade war weapon
    CNBC Videos2 days ago

    How China could use its massive US debt holdings as a trade war weapon

    China is currently the largest holder of U.S. government debt. It now owns $1.12 trillion in U.S. Treasury bonds. If China decided to sell off its U.S. government debt holdings as a form of retaliation in the ongoing trade war with the U.S. and President Donald Trump, it could upend global financial markets and drive U.S. interest rates higher.

  • Oklahoma reaches $85 million settlement with Teva Pharmaceuticals ahead of trial
    Reuters40 minutes ago

    Oklahoma reaches $85 million settlement with Teva Pharmaceuticals ahead of trial

    Oklahoma has reached a $85 million settlement agreement with Israeli-based Teva Pharmaceutical Industries Ltd ahead of the start of a trial in a multibillion-dollar lawsuit over the opioid epidemic, the state's attorney general said on Sunday. While the terms of the agreement may take up to two weeks to finalize, the money will go to the state and be used to abate the opioid crisis in Oklahoma, Attorney General Mike Hunter said in a statement. An announcement of the specific terms of the agreement will be made at a later date, Hunter's statement said.

  • Jet Airways founder Naresh Goyal and wife stopped from leaving India - airport official
    Reuters22 hours ago

    Jet Airways founder Naresh Goyal and wife stopped from leaving India - airport official

    The couple were taken into custody by immigration officers, the Indian Express reported, citing sources. Local media, citing sources, reported earlier this month that the ministry of corporate affairs had been looking into Jet's books and had asked for a corporate fraud investigation into the airline, suspecting that its promoters siphoned off funds. Once one of India's largest carriers, Jet was forced to ground all flights last month after running out of money and failing to secure funds, crippled by mounting losses as it attempted to compete with low-cost rivals.

  • Could Ford Buy Tesla? Here's How Likely A "Doomsday" Scenario Is
    Fortune2 days ago

    Could Ford Buy Tesla? Here's How Likely A "Doomsday" Scenario Is

    The auto maker is burning through $1 billion in cash a quarter, the cash from the latest $2.7 billion funding round will be gone within ten months, and demand is falling off. One of the classic business solutions would be an acquisition. Maybe a white knight with the cash and managerial and operational wherewithal to come in, buy the company, fix the broken parts, and let Tesla become what it had the potential to be.

  • Newly legalized hemp industry set to create a jobs boom in the US
    CNBCyesterday

    Newly legalized hemp industry set to create a jobs boom in the US

    A provision in the 2018 Farm Bill makes hemp, marijuana's no-buzz cousin, no longer a federally illegal substance. It allows farmers and other cultivators to grow the leafy, lanky plant and sell its harvest to processors so they can make hemp-based products ranging from foods, beverages and cosmetics to paper, clothing and building materials. Twenty-four states have hemp farming.

  • Huawei's 'fake demand' distorted global semiconductor growth
    Yahoo Finance2 days ago

    Huawei's 'fake demand' distorted global semiconductor growth

    In the months leading up to Washington's decision to ban Huawei from doing business with US suppliers, the Chinese company stockpiled nearly a years worth of components in anticipation of coming headwinds. Now, the global semiconductor sector may have to pay for it. In all, analyst Sebastian Hou says the Chinese company's inventory buildup added 8% to the chip sector's global revenue growth in the 1st quarter, or $35 to $40 billion.

  • Here's how the world's billionaires make their money
    Yahoo Financeyesterday

    Here's how the world's billionaires make their money

    Most billionaires in the world didn't inherit their wealth. Most billionaires put their money into public holdings — 36.4% of their portfolios were allocated to this asset class — followed by private holdings at 35%, liquid assets such as cash at 26.4%, and real estate and luxury assets at around 2.2%. Breaking the group down, those with $1 to $2 billion in assets generally invested mostly in liquid assets, while those with over $50 billion invested mostly in public holdings.

  • JD.com and Alibaba slug it out in blockchain space
    Coin Rivetyesterday

    JD.com and Alibaba slug it out in blockchain space

    Chinese e-commerce giant JD.com has applied for over 200 blockchain patents, according to a report by Securities Daily News. Its rival Alibaba Group has, meanwhile, applied for 262 patents in this space, as recorded by the Intellectual Property Center of China Information and Communication. Pushing boundaries Last month, we reported that JD.com had launched JD Chain, a blockchain framework for businesses.

  • InvestorPlace2 days ago

    7 Utility Stocks to Trust for Retirement

    Utility stocks include companies that provide essential services — electricity, energy and water — to communities across the U.S. Because doing this in a country as big as the U.S. is no mean feat, most states have one or two exclusive providers. In return for reining in their operations, the state provides a healthy annual growth target for the utilities and also allows them to operate unregulated businesses that can sell power to customers in the open market. What investors get are rock-solid companies that have no trade war drama attached to them, only growing demand for electricity and reliable dividends to add to their capital gains.

  • InvestorPlace2 days ago

    AT&T Stock Could Be a Great Bet

    The Vision To get on board with bulls' contentions on T stock, you have to understand Stephenson's vision for the future of AT&T. The telecom sector is slogging through uncertain times right now, and both AT&T and Verizon (NYSE:VZ) knew something would have to change. However the two took diverging paths, with VZ doubling down on its wireless business and T entering more sectors. Safe Stocks to Buy This Summer Verizon has certainly taken the safer option, but in the long-term will it be better?

  • Josh Brown: How to double your money
    CNBC Videos2 days ago

    Josh Brown: How to double your money

    Ritholtz Wealth Management CEO and Fast Money Halftime Report Trader Josh Brown on the power of compounding your money and the rule of 72.

  • U.S Mortgages – Mortgage Rates Fall for a 4th Consecutive Week
    FX Empire11 hours ago

    U.S Mortgages – Mortgage Rates Fall for a 4th Consecutive Week

    Mortgage rates fell for a 4th consecutive week in the week ending 23rd May. 30-year fixed rates fell by 1 basis point following on from a 3 basis point fall from the previous week. The 1 basis point fall took 30-year rates to 4.06% according to figures released by Freddie Mac. Following the weekly fall, 30-year fixed rates stood 60 basis points below levels from 12-months ago.

  • Michigan Legislature approves bill to cut high auto premiums
    Associated Press2 days ago

    Michigan Legislature approves bill to cut high auto premiums

    Michigan's Legislature on Friday passed a landmark bill that would cut the country's highest auto insurance premiums by letting drivers forego a one-of-a-kind requirement to buy unlimited medical coverage for crash injuries. The votes followed the announcement of an agreement between Republican legislative leaders and Democratic Gov. Gretchen Whitmer. She said the legislation would guarantee rate reductions for every motorist and offer choice among personal injury protection, or PIP, levels.

  • Benzinga20 hours ago

    Barron's Picks And Pans: Boston Beer, MGM, Target, Visa And More

    This weekend's Barron's cover story takes a look at digital payments giants. Other featured articles review the top dividend payers of the first quarter; placing bets on the future of tech; tariffs and the price of beer. Also in the issue: the prospects for a lagging hospitality giant, an agriculture spinoff and two very different retailers.

  • Fox Businessyesterday

    Uber’s first employee, who’s now a billionaire, resigns from company’s board of directors

    Uber's first employee, who's now a billionaire, has informed the company that he is resigning from the board of directors, according to an SEC filing Friday. The filing from Uber Technologies Inc. stated Ryan Graves told the company of “his intention to resign as a member of the Company's board of directors, effective as of May 27, 2019, including any committees of the board of directors on which he serves.

  • China's largest chipmaker is delisting from the Nasdaq
    TechCrunchyesterday

    China's largest chipmaker is delisting from the Nasdaq

    SMIC, which is backed by the Chinese government and state-owned shareholders, will focus on its existing Hong Kong listing going forward but there will be trading options for those holding U.S-based ADRs. In its announcement, SMIC said it plans to delist for reasons that include limited trading volumes and "significant administrative burden and costs" around the listing and compliance with reporting. What it doesn't say is that this is linked to the frosty relationship between the U.S. and China, and already the company has played that rationale.

  • 4 Dow Jones Industrial Average Stocks to Sell
    InvestorPlace2 days ago

    4 Dow Jones Industrial Average Stocks to Sell

    The next major milestone is whether President Donald Trump and Chinese President Xi Jinping will meet on the sidelines of the G20 meeting in Japan next month. The White House is reportedly considering even more restrictions on exports of high-tech goods to China, as it seems that what started as a bilateral trade spat is turning into a global tech war, with the United States pulling allies such as Japan into its effort to freeze out Huawei. As a result, a number of large-cap stocks in the Dow Jones Industrial Average are looking vulnerable to a selloff.

  • TheStreet.com55 minutes ago

    Micron Bears Have Some Serious Soul Searching to Do Now

    Inevitably, reality sets in, and the market comes crashing down, as it did last year, taking Micron stock with it. Just look how much money some people lost, the bears say, in Micron's 50% decline from its 52-week high of $64.66, on June 1 of last year, to a recent $34.02. Things can get worse for Micron's earnings estimates, but that doesn't mean the stock will continue to crater.