- Yahoo Finance•44 minutes ago
Why Apple's stock rout is probably ruining your wealth
Don’t own any Apple shares? With sentiment on Steve Jobs’ tech creation at its lowest level in some time, Apple’s market cap has shrunk to $850 billion from the $1 trillion mark it ceremoniously hit on Aug. 2. Apple’s (AAPL) bellwether status on Wall Street means the company’s performance and outlook is scrutinized even more than other companies.
Yahoo Finance•3 hours agoBig tech stocks are getting crushed — here's the simple explanation why
Reality continues to rain down on formerly high-flying big tech stocks. Sales growth in 2019 will probably be less explosive than 2018. Blame slowing user growth at the likes of Facebook (FB) or more competition for Amazon (AMZN) from the increasingly digitally savvy Target – the fact is the sales growth environment for big tech is taking a turn for the worse.
- Associated Press•18 hours ago
Chipotle offers manager job back in St. Paul dine-and-dash
Chipotle said Monday that the company has offered a fired St. Paul restaurant manager her job back after receiving more information about an incident where employees refused to serve five black men and asked them to prove they could pay before taking their order. "We will work to continue to ensure that we support a respectful workplace for our employees and our customers alike," Chipotle said. Employees accused the men of being repeat dine-and-dashers.
- CNBC•18 hours ago
The sell-off can't end until these 10 problems are fixed, Jim Cramer argues
CNBC's Jim Cramer pinpoints the 10 drivers of the stock market's sell-off. Ten things need to change for the stock market to come back from its Monday declines , CNBC's Jim Cramer said as high-profile technology stocks Facebook FB and Apple AAPL led the major averages lower. Here are the various reasons that stocks are falling and what it would take for them to turn, according to Cramer: 1.
- Yahoo Finance•51 minutes ago
Apple is finding out that not everyone likes giant, expensive phones
For weeks now, reports have trickled out that Apple is having trouble with iPhone XR demand. Analysts and other Apple watchers frequently parse through the tea leaves left by Apple suppliers and assemblers throughout the supply chain, and the Wall Street Journal wrote on Monday that that Apple slashed production plans by a third from the 70 million or so units it had been expecting to produce between September and February with its suppliers. At the same time, however, the iPhone 8 — and 8 Plus — have been experiencing strong demand, according to a report from the Nikkei Asian Review.
- Yahoo Finance•20 minutes ago
Stocks fall, tech tumbles, bitcoin crashes
A broad sell-off in equities Monday sent the Dow tumbling by more than 500 points at its intraday lows. The tech sector led declines, with each of the FAANG giants falling at least 20% from their 52-week highs at their intraday lows Monday. Last year, the tech sector had been the S&P 500’s best performer.
- MarketWatch•2 hours ago
Dow tumbles nearly 600 points and all main stock-market gauges wipe out 2018 gains as tech shares get rocked
U.S. stocks on Tuesday sank at the open, with the Dow Jones Industrial Average (DJIA) S&P 500 index (SPX) and the Nasdaq Composite Index (COMP) all erasing their gains for 2018, underscoring a withering rout for stocks since October that has thus far been underpinned by a steady retreat in technology and internet-related stocks. The Dow was down 575 points, or 2.3%, at 24,449, the S&P 500 index (SPX) sank 2 at 2,637, and the tech-oriented Nasdaq Composite Index (COMP) retreated a sharper 2.5% at 6,850, declining the sharpest among the main U.S. equity benchmarks.
- SmartAsset•6 hours ago
How are 401(k) Assets Split in a Divorce?
There are certain steps you can take to protect your nest egg during divorce proceedings, and we’ll cover each one. A financial advisor can also serve as a valuable asset as you split property and financials in a divorce. How is a 401(k) Split in a Divorce?
- CNBC Videos•21 hours ago
Closing Bell Exchange: Interest rates most likely have pe...
Dan Suzuki, Richard Bernstein Advisors; Steve Grasso, Stuart Frankel; and CNBC's Rick Santelli, discuss today's big market drop.
- Fox Business•19 hours ago
Elon Musk's latest venture: selling bricks in Los Angeles
Elon Musk, the Tesla and Boring Company CEO, is following through on his vow to sell “Lego-like” bricks. Musk has launched The Brick Store LLC, an offshoot of The Boring Company that will produce interlocking bricks made from dirt displaced from the tunnel-digging company’s machines. The new company filed a permit application in Hawthorne, California, asking permission to repaint a building that will serve as the Brick Store’s first brick-and-mortar location, TechCrunch reported.
- MarketWatch•2 hours ago
Hedge-fund boss who predicted ‘87 crash says get ready for some ‘really scary moments’
‘From a markets perspective, it’s going to be interesting. Paul Tudor Jones, a hedge-fund luminary, said he’s stress-testing his portfolio of corporate debt because he expects a tumultuous road ahead on the back of the Federal Reserve’s apparent commitment to normalizing interest rates and buttressed by corporate tax cuts from the Trump administration. Speaking at an economic forum in Greenwich, Conn., a hotbed for hedge funds, Jones said the Fed faces real challenges amid “the end of a 10-year run” of economic growth that many anticipate will soon come to a screeching, cyclical end.
- Bloomberg•yesterday
Bridgewater's Dalio Expects Low Returns for a 'Very, Very Long Time'
Nov.19 -- Ray Dalio, founder at Bridgewater Associates, says years of low interest rates and quantitative easing have squeezed most of the returns out of U.S. assets. He speaks with Bloomberg Opinion columnist Barry Ritholtz at the Bloomberg Opinion Masters in Business event. Ritholtz's opinions are his own.
- MarketWatch•2 hours ago
Nvidia stock turns positive after Citron turns bullish
Shares of Nvidia Corp. (nvda) are up 1.9% in Tuesday morning trading after noted short-seller Citron Research announced on Twitter that it had taken a long position in the stock. "This is the first time in two years [that the] stock offers an appealing risk-reward to investors," the firm said on Twitter. Nvidia is "still a player in AI and data" and "will eat through [its] inventory issue," the tweet said.
- CNBC•4 hours ago
Boeing shares fall after cancelling airline conference call on 737 issues
Boeing shares fell Tuesday after the company canceled conference call with airlines to discuss systems on the 737 MAX model. A 737 MAX operated by Lion Air crashed on Oct. 29, killing all 189 people on board.. CEO Dennis Muilenburg adamantly denied in an email to employees on Monday that Boeing has withheld information to airlines and pilots about software changes for the 737 MAX.
- MarketWatch•3 hours ago
Watch out for these 10 ‘retirement killers’
There are plenty of things that can ruin a person’s retirement plans — divorce, illness, job loss, overspending. A recent study has revealed for the first time the 10 biggest causes of financial regret among those who have retired or are near to retirement. The survey was conducted by researchers from the RAND Corporation and the Max Planck Institute in Munich, Germany.
- Yahoo Finance•4 hours ago
Why Target's latest results should make Amazon nervous
Investors that quickly pounded Target’s (TGT) stock Tuesday following a surprising third quarter earnings shortfall are missing the bigger picture. Credit Target’s push to remodel 1,000 stores by 2020 and it now being able to offer same-day delivery to millions of people in 46 states. An effort started in 2017 to be more competitive on prices with Walmart and Amazon and offer better customer service has helped, too.
- TheStreet.com•3 hours ago
Yes, I Am Still Long Apple
The news on Monday was that Apple had cut intended production for all three current models, and according to the Wall Street Journal, had cut orders for the iPhone XR twice just in October. Yes, I am still long Apple. My thoughts on Apple are the following.
- U.S.News & World Report•yesterday
10 of the Best Tech Stocks to Buy for 2019
E-commerce's most dominant name, Amazon shares have pummeled the broader market for years now, racking up extraordinary gains. For investors willing to bear the short-term volatility of a long-term winner, Amazon's definitely one of the best tech stocks to buy for 2019 (and hold for decades). Its high-profile new HQ2 locations will add 50,000 high-level jobs as Amazon doubles down on investing in long-term growth.
- Barrons.com•1 hour ago
Exxon Stock Could Be Hurt by Strong Oil Prices, Analyst Says
(XOM) (XOM) stock is trading down Tuesday, hurt in part by a downgrade from Raymond James. Where we were: Exxon has held its ground better than the energy sector as a whole, but is still mired in losses year to date. Where we’re headed: Raymond James sees better days for oil prices ahead—and a scenario that will be less favorable for Exxon shares.
- CNBC•yesterday
This is what Google learned after interviewing one job candidate 16 times, according to Eric Schmidt
Eric Schmidt joined Google as CEO in 2001 and led the tech company for the next decade as the company grew from a start-up to a corporate behemoth, whose parent company, Alphabet, now has a market cap of over $740 billion . "They were super smart, somewhat disorganized kinds of people," Schmidt told Tyler Cowen on the " Conversations with Tyler " podcast. "The recruiting started off as informal, but it ultimately became very, very structured," Schmidt said.
- Yahoo Finance•19 hours ago
CEOs are losing faith in the U.S. economy
According to the latest CEO confidence index from trade publication Chief Executive, CEOs now have their lowest confidence in business conditions for the next twelve months since October 2017. Over the weekend, we noted that some strategists have seen the market action since early October as a sign of investors exiting a 2018-type mindset in which strong earnings and economic growth were seen as tailwinds and rising rates just a periphery concern.
- Fortune•yesterday
Nissan Chairman Carlos Ghosn Is Likely Out After Lying About Compensation for 'Many Years'
Nissan Chairman Carlos Ghosn is expected to be ousted from his role at the company at the recommendation of CEO Hiroto Saikawa after allegations of serious misconduct that violate Japanese financial trading law. Ghosn and his Nissan colleague, Representative Director Greg Kelly, allegedly submitted false numbers to the Tokyo Stock Exchange securities report. Nissan said in a statement that the directors’ behavior constituted “clear violations of the duty of care,” and “numerous other significant acts of misconduct” had been uncovered in regards to Ghosn.
- TheStreet.com•20 hours ago
Splunk Goes Splunk, Salesforce and Twilio Tumble as Cloud Stocks Fall
The decline comes as the Nasdaq plummeted more than 3%, bringing its year-to-date gain to just 1.69%. Twilio, which has had a great year, is getting hammered. The cloud communications company fell 13.76% to $76.90 a share.
- Bloomberg•2 hours ago
Apple Stock Price Target Is Cut Again at Goldman
Analyst Rod Hall lowered his price target to $182 from $209. “In addition to weakness in demand for Apple’s products in China and other emerging markets it also looks like the balance of price and features in the iPhone XR may not have been well-received by users outside of the US,” Hall wrote in a note to clients. The latest target reduction was done in part “to reflect current price movement,” he said.
- Yahoo Finance•3 hours ago
GOLDMAN: Cash looks competitive relative to stocks in 2019
Cash is looking competitive, Goldman Sachs says. The bull run will continue in 2019, but it may be time to start getting defensive and raise cash allocations, according to Goldman Sachs’ 2019 stock market outlook released on Monday. “We forecast S&P 500 will generate a modest single-digit absolute return in 2019.
