- Zacks•11 hours ago
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.
Business Insider•2 days agoHousing affordability in America is its worst in nearly a decade, and there's one clear culprit
Housing affordability hit its worst level in nearly a decade during the first quarter, according to Attom Data Solutions. Attom measures affordability by comparing average wages to median home prices to determine the share of income people need to spend on housing. Prospective buyers needed to shell out more because mortgage rates rose.
- Oilprice.com•9 hours ago
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.
- Yahoo Finance•8 hours ago
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.
- CNBC Videos•yesterday
Kevin O'Leary: It's crazy to rely on a joint bank account...
"Shark Tank" investor and personal finance author Kevin O'Leary says that even married couples shouldn't only have joint checking accounts.
Business Insider•yesterdayThis chart should convince every teen to start saving for retirement
If you start saving in a Roth IRA at age 15 rather than 25, you can double your savings by retirement with no extra work. "Individual retirement accounts, known as IRAs, are super smart places to put your money. Kobliner says young people should be taking advantage of Roth IRAs, because any earned income stored there will be taxed today rather than at withdrawal, when they're more than likely to be in a higher tax bracket.
- Bloomberg•6 hours ago
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.
- Bloomberg•4 hours ago
Netflix Fires Spokesman Over His Use of Racial Slur at Work
Netflix Inc.’s top spokesman is leaving the company after using a racial slur in a work setting. Jonathan Friedland, chief communications officer, said on Twitter Friday that he’s stepping down following “insensitive” comments he made to colleagues. “His descriptive use of the N-word on at least two occasions at work showed unacceptably low racial awareness and sensitivity, and is not in line with our values as a company,” Chief Executive Officer Reed Hastings wrote in the memo.
Reuters•4 hours agoTrump 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.
- InvestorPlace•8 hours ago
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.
- The Fiscal Times•yesterday
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.
- MarketWatch•3 hours ago
Beware of the Russell 2000, but should you buy the Dow Jones Industrial Average?
The four major markets are the Dow Jones Industrial Average (^DJI), S&P 500 Index (^GSPC), Nasdaq 100 Index (XNAS:NDX) and Russell 2000 Index (^RUT). Some might argue that the Nasdaq Composite Index (^IXIC) is more important than the Nasdaq 100, but the Nasdaq Composite also has many small-cap stocks that are already included in the Russell 2000, so the Nasdaq 100 is a better indicator overall. With that, the Russell 2000 and the Nasdaq 100 are higher-beta markets, but with one material difference.
- Zacks•yesterday
3 Tech Stocks for Dividend Investors to Buy Now
Tech stocks have been unpredictable at times recently, but the sector has rebounded from volatility strongly, and there is no question that tech has been the leader of the market’s strong multiyear run. Finding a strong dividend-yielding tech stock might feel like searching for a golden goose, but investors should not feel too intimidated. In fact, dividend-focused investors can search for the best tech stocks by using the Zacks Stock Screener, the perfect one-stop screening tool for investors of all kinds.
- TechCrunch•yesterday
AT&T launches a low-cost live TV streaming service, WatchTV
AT&T this morning announced the launch of a second TV streaming service, called WatchTV, days after its merger with Time Warner. The lower-cost alternative to AT&T's DirecTV Now will offer anyone the ability to join WatchTV for only $15 per month, but the service will also be bundled into AT&T wireless plans.
Reuters•20 hours agoIntel CEO resigns after probe of relationship with employee
Krzanich led Intel as rival chipmakers ate away at its dominance in the technology over several decades and he also presided over a series of high-level executive departures. The change in leadership comes as Intel expands beyond personal computers and servers into areas such as artificial intelligence and self-driving cars, where smaller competitors including Nvidia Corp are strong.
- Zacks•10 hours ago
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
- CNBC Videos•8 hours ago
Oil prices soar following OPEC meeting
Jim Iuorio, TJM Institutional Services managing director, and Bob Iaccino, Path Trading Partners chief market strategist, discuss why crude prices are soaring following OPEC's decision to hike oil production.
- InvestorPlace•9 hours ago
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.
- Zacks•11 hours ago
Zacks Value Trader Highlights: General Electric, Starbucks, Pfizer and ExxonMobil
Chicago, IL –June 22, 2018 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service, shares some of her top value investing tips and stock picks. Two stocks were recently in the news: General Electric GE and Starbucks SBUX.
- Zacks•12 hours ago
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.
- Zacks•yesterday
3 Great REITs to Buy Right Now
The stock market’s strong run over the past few years brought attention to high-flying growth stocks, usually from the technology sector, that were consistently outpacing the market. REITs are companies that own, operate, or finance real estate properties that produce income, such as apartment complexes or retail locations. First of all, real estate can be a very profitable investment sector when certain economic conditions are present.
- Bloomberg•yesterday
Apple Opens New Front in Long Qualcomm Fight: the Patent Office
Apple Inc. filed petitions challenging four Qualcomm Inc. patents Thursday, dragging the U.S. Patent and Trademark Office into a long-running licensing dispute that already spans the globe. The two are locked in a bitter fight over the amount of royalties Apple’s suppliers should pay to use Qualcomm’s technology on telecommunications. A hearing in one case is under way at the U.S. International Trade Commission in Washington, and trials are scheduled for later this year in China.
- Zacks•10 hours ago
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•11 hours ago
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.
- InvestorPlace•11 hours ago
Oracle Corporation Stock Has Further to Fall Before It Is Priced Right
Slow-growth technology giant Oracle Corporation (NYSE:ORCL) reported mixed quarterly numbers that included revenue and earnings beats, but a weak guide that pointed to slowing growth in the company’s hyper-growth cloud business. In response, Oracle stock dropped 7% to $43. Now, though, Oracle stock has dropped back closer to $40.
