- CNBC.com•6 hours ago
1 in 3 workers can’t answer this question about their retirement savings
Here's a question: You've built up a massive nest egg at your job, and you're about to retire. What are your plans for your hard-earned savings? For nearly a third of workers, the answer is "I don't know." Those were the findings from a recent survey by the Employee Benefit Research Institute, a research group that focuses on health, savings and retirement. EBRI conducted an online poll of 2,042 adults in January. "In most cases, you would expect people to do a couple of things: You wouldn't use all of it to buy lifetime income and you'd want to keep some of it for emergencies," said Craig Copeland, a senior research associated at EBRI. "It's troubling that they can't recognize what they think
- MarketWatch•7 hours ago
IBM raises dividend by 4.7%
International Business Machines Corp. IBM, +0.61% said Tuesday it will raise its quarterly dividend by 4.7% to $1.57 a share, marking the 23rd-straight year the technology company has boosted its payout. The new dividend, up from $1.50 a share, will be payable June 9 to shareholders of record on May 10. The stock rose 0.4% in morning trade to $146.38. At current prices, the new annual dividend rate would imply a dividend yield of 4.29%, compared with the SPDR Technology Select Sector ETF XLK, -0.74% current dividend yield of 1.35% and the implied yield for the Dow Jones Industrial Average DJIA, -0.71% of 2.17%, according to FactSet. IBM's stock has lost 4.5% year to date, while the tech-sector
Yahoo Finance•4 hours agoStocks are getting smoked, and companies can't step in to stop it
Stocks are getting smoked on Tuesday. Each of the major U.S. indexes was in the red, with the Dow seeing the biggest losses, falling 2.2%, or 550 points, while the S&P 500 was also down 1.7% and the Nasdaq was down 1.9%. The Dow was being dragged lower by shares of Caterpillar (CAT), down over 6% after having rallied earlier in the session following an earnings beat.
- InvestorPlace•6 hours ago
3M Co Stock Plunges on Q1 Earnings Miss, Lower Guidance
This is an increase over its earnings per share of $2.16 from the same period of the year prior. 3M Co reported operating income of $1.01 billion for the first quarter of the year. Revenue reported by 3M Co in the first quarter of the 2018 was $8.28 billion.
Business Insider•6 hours agoJim Cramer has done a complete 180 on Snap (SNAP)
"Mad Money" host Jim Cramer has changed his tune on Snap almost 2 months after comparing the company to the early days of Facebook. Jim Cramer is turning his back on Snap. "Sure, I was a skeptic, but after this quarter, I'm now a believer," Cramer said on "Mad Money" following the report.
Associated Press•yesterdayUS brands suffer collateral damage in Chinese corporate war
It was looking like a banner year for business in China. The U.S. clothing company was expecting a 20 percent jump in online sales on Alibaba's Tmall, thanks to the e-commerce giant's massive reach. The company refused to sign an exclusive contract with Alibaba, and instead participated in a big sale promotion with its archrival, JD.com Inc. Tmall punished them by taking steps to cut traffic to their storefront, two executives told The Associated Press.
- CNBC Videos•yesterday
Sears CEO Eddie Lampert's hedge fund ESL proposes to buy ...
ESL Investments, the hedge fund led by the CEO of Sears Holdings, Eddie Lampert, has made a proposal to buy some of the retailer's assets.
- Zacks•7 hours ago
Nokia (NOK) to Report Q1 Earnings: What's in the Cards?
Nokia Corporation NOK is scheduled to report first-quarter 2018 financial results before the opening bell on Apr 26. The company is likely to report higher revenues backed by healthy growth dynamics.Whether this could result in higher earnings for the
- InvestorPlace•yesterday
Investors Are Dumping Altria Group Inc Stock Without Looking at the Facts
The usually reliable Altria Group Inc (NYSE:MO) is off to a horrific start this year, with MO stock shedding 18%. For technical analysts, the recent break below $60 was highly discouraging. In short, MO stock must regain its footing quickly due to the significant technical damage.
InvestorPlace•7 hours ago3 Reasons Why Cisco Systems, Inc. Will Hit New Highs Soon
Shares of Cisco Systems, Inc. (NASDAQ:CSCO) have been on an impressive rebound as of late. While Cisco stock came down with the rest of the market in both February and April, it’s been an out-performer on the way up. Over the last ten calendar days, Cisco stock is up more than 9%, compared to the 3.6% and 5.25% respective gains for the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) and the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ).
- Bloomberg•yesterday
AT&T Defends Time Warner Deal's Cost Savings From U.S. Assault
AT&T Inc. attacked the U.S. government expert who disputes the company’s claim that its takeover of Time Warner Inc. would lead to $2.5 billion in cost savings. Rob Walters, a lawyer for AT&T, tried Monday to undermine the Justice Department’s expert, Ronald Quintero, saying he ignored AT&T’s history of successfully integrating companies and achieving projected savings. Walters also said that in a separate case in which he testified as an expert, Quintero’s testimony was "utterly discredited" by a judge.
- Bloomberg Video•yesterday
Third Federal CEO Says Mortgage Market 'Going Gangbusters'
Apr.23 -- Third Federal Savings and Loan Chairman and Chief Executive Officer Marc Stefanski discusses the residential mortgage market, banking regulation, and the company's efforts to retain workers. He speaks with Bloomberg's Julia Chatterley, Joe Weisenthal and Scarlet Fu on "What'd You Miss?"
- CNBC.com•yesterday
Tax bill will slash by half the number of homeowners claiming the mortgage deduction
Tax returns using mortgage interest deduction Already, the deduction was not used by most taxpayers. Of the 150 million or so tax returns the IRS has received annually in recent years, just 20 percent claimed the deduction, according to research from the Urban Brookings Tax Policy Center. The anticipated drop is largely due to the near-doubling of the standard deduction that took effect Jan. 1 under the new tax law. Fewer taxpayers are expected to itemize their deductions, which is the only way to take advantage of the tax break for interest paid on mortgages. The new report estimates that 18 million households will itemize deductions this year, down from 46.5 million last year. Taxpayers would
InvestorPlace•yesterdayA Smarter Nvidia Corporation Play for a Potential 500% Return
According to some market pundits, issues like Apple Inc.’s (NASDAQ:AAPL) woes, China trade war concerns and today’s much more volatile and erratic cryptocurrency market can all be fingered as reasons why investors should stay away from Nvidia stock. If you’re a buyer of those markets, Nvidia — whose chips are leaders in all those areas — should sound attractive. This appears to be the case for Nvidia stock right now–and that’s good news for bulls.
- Investopedia•7 hours ago
Ford Stock Is Too Cheap to Ignore: Here's Why
Iconic automaker Ford Motor Company (F) began 2018 with an earnings warning on Jan. 16. This warning was confirmed by a negative reaction to fourth quarter results released on Jan. 24. The company is set to report first quarter earnings after the close on April 25. Shares of Ford traded as high as $13.29 on Jan. 16 and declined 24% to the 2018 low of $10.14 on March 2. Ford closed Monday, April 23, at $11.04, down 10.6% year to date and deep in correction territory at 16.9% below the January high. Since the March low, the stock is up 8.9%. Analysts expect Ford to post earnings per share of 41 cents when the company reports first quarter earnings on Wednesday. Analysts expect year-over-year gains
Business Insider•yesterdayBitcoin Cash has risen 80% over the last week
Bitcoin Cash is up 17% against the dollar on Monday. The cryptocurrency has risen 80% over the last seven days. An upcoming 'fork' of the currency — a change to its underlying code — appears to be supporting the price rally. Follow the live Bitcoin Cash
- InvestorPlace•yesterday
Kinder Morgan Inc Finally Gives Investors What They Want
Pipelines were supposed to be safe tollways that produced plenty of cash flows. Kinder Morgan stock has pretty much languished since that fateful day. Moves to right the ship at Kinder Morgan have begun to work and KMI has finally given long-suffering shareholders what they wanted all the time — a big return to dividend growth.
Reuters•yesterdayTrump's revenge: U.S. oil floods Europe, hurting OPEC and Russia
MOSCOW/LONDON (Reuters) - As OPEC's efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal they say has largely rebalanced the market and one that has helped elevate benchmark Brent prices close to four-year highs. Now, the relatively high prices brought about by that pact, coupled with surging U.S. output, are making it harder to sell Russian, Nigerian and other oil grades in Europe, traders said.
- Zacks•8 hours ago
First Solar (FSLR) to Report Q1 Earnings: A Beat in Store?
First Solar, Inc. FSLR is scheduled to report first-quarter 2018 results after the market closes on Apr 26. Last quarter, the company delivered a positive earnings surprise of 21.88%.Let’s see how things are shaping up prior to this announcement.Factors
- Zacks•2 days ago
Micron (MU) Down 14.1% Since Earnings Report: Can It Rebound?
A month has gone by since the last earnings report for Micron Technology, Inc. MU. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Micron reported outstanding quarterly results for the second quarter of fiscal 2018.
The Street•2 hours agoCaterpillar Erases Gains Despite Strong Quarterly Results and Raised Forecast
Caterpillar Inc. (CAT) shares erased earlier gains Tuesday, April 24, after management said material cost increases this year will likely be above estimates due to higher steel prices. "We expect steel and other commodity costs to be a headwind all year," Chief Financial Officer Bradley Halverson said during the conference call. "Price versus material costs were very favorable on the first quarter," Amy Campbell, director of investor relations at Caterpillar, said during the call. "We expect it to be favorable for the full year. But for the balance of the year, we would expect material costs increase to be greater than price realization." President Donald Trump recently announced plans to implement
- Zacks•5 hours ago
Should You Buy Qualcomm (QCOM) Stock Ahead of Earnings?
Shares of Qualcomm QCOM opened lower on Tuesday, only one day before the chip maker is scheduled to release its quarterly financial report. Qualcomm stock has tanked nearly 25% since January, as fears that an escalating trade war between the U.S. and China could leave the company caught in the crossfire. With that said, first quarter earnings season has helped lift the market, with fellow technology powers Netflix NFLX and Google parent Alphabet GOOGL impressing investors already.
- Engadget•3 hours ago
What’s left of Yahoo slapped with $35 million fine over 2014 data breach
In 2014, Yahoo suffered a breach that exposed personal data for 500 million users -- but they refused to tell anyone and the news didn't break until late 2016. For failing to disclose the incident and inform anyone affected, the company formerly known as Yahoo! (now Altaba, consisting of the parts that didn't merge with Verizon to become Oath) has agreed to pay the SEC a $35 million fine. Yahoo's information security team found out that Russian hackers had made off with personal data days after the December 2014 breach.
- InvestorPlace•8 hours ago
Under Armour Inc Earnings Could Be a Bullish Game Changer
Can Under Armour (mostly) deliver again off the field of play — and convincingly so, on the playing pitch of the UAA stock chart for a second time in a row? With the expectations bar set reasonably low and the Street forecasting a loss of 4 cents and sales of $1.1 billion, I personally like the long game in UAA stock. It has been nearly three weeks since last penning a bullish article on UAA stock at InvestorPlace.
- Zacks•10 hours ago
Phillips 66 (PSX) to Report Q1 Earnings: Is a Beat in Store?
Phillips 66 PSX is expected to report first-quarter 2018 results on Apr 27, before the market opens. The leading refining player has an impressive earnings surprise history. Phillips 66 beat the Zacks Consensus Estimate in all of the trailing four quarters, the average positive earnings surprise being 450.1%.
