The law firm founded over a decade ago by the attorney taking on Donald Trump and his longtime fixer Michael Cohen on behalf of an adult film star got socked with a $10 million judgment in an unrelated dispute with a former law colleague. A federal bankruptcy judge in Santa Ana, California, granted a motion for judgment Tuesday against Michael Avenatti’s former law firm, Eagan Avenatti LLP.
Netflix, Inc. (NASDAQ:NFLX) shares are a coiled spring about to pop. Let’s chronicle the recent action in the tech sector and identify how to best capitalize on the resolution of Netflix’s triangle formation. Since reclaiming the high ground above the 50-day moving average, the tech-laden Nasdaq has been in a holding pattern.
JPMorgan Chase JPM CEO Jamie Dimon is the chairperson of one of the world's most valuable banks. "I've always said family first, country second, JPMorgan literally last," says the 62-year-old father of three. Within four years, Dimon managed to turn the company around and sell it to JPMorgan Chase in 2004 for $58 billion .
Las Vegas Sands Corp. LVS has done exceedingly well and emerged as an attractive investment option amid an intensely competitive gaming industry. This is evident from the company’s performance in a year’s time. Apart from Las Vegas, stocks such as Caesars Entertainment Corp. CZR, MGM Resorts International MGM and Century Casinos, Inc. CNTY that belong to the same industry have witnessed gains of 15.7%, 2.3% and 6.5%, respectively, in the past year.
Sears Holdings Corp (NASDAQ:SHLD) announced that the company is shuttering the doors of at least 40 more stores in the coming months. The retail chain announced that it will be closing 40 Sears and Kmart stores in July and August, according to a Business Insider report from May 19. The company has yet to comment on the matter, which includes 31 Sears locations and nine Kmart stores that will be closing in 24 states.
Blackstone Group LP could convert into a corporation from a partnership if KKR & Co.’s planned switch results in a significant increase in valuation over the next year, according to a Credit Suisse analyst note. Blackstone could convert to the new structure as early as 2019, according to analyst Craig Siegenthaler. Blackstone didn’t immediately respond to a request for comment.
On paper, General Electric (GE) shouldn't be doing well on Tuesday, a day with plenty of analyst skepticism and underperformance from the industrial sector. It was the worst performing stock in the Dow Jones Industrial Average last year, and started off 2018 in the same position. Analyst Rene Lipsch writes that the deal is a credit negative for GE, and "highlights the risk that an expeditious execution of GE's $20+ billion asset divestiture program can have a considerable negative effect on GE's earnings and cash flows.
Airbus SE is ready to tell the World Trade Organization that the threat posed to Boeing Co. by its most ambitious program ever, the double-decker A380 jetliner, is so marginal that any U.S.-led sanctions against the European Union over illegal aid should be minimal. The European company will cite the superjumbo’s slow sales and also contend that state support for the more popular A350 model was only slightly more of a benefit given cheap alternative funding available at the time amid historically low interest rates, its head of litigation Karl Hennessee said in an interview. Airbus is on the back foot after Boeing last week won the latest in a series of disputes over illegal subsidies for the A380 and A350 spanning more than a decade.
Give yourself time to adjustGetty Images/iStockphotoAbout 60% of retirees didn’t plan to retire when they did.DMAMBMCMDMEMGPREVIEWZBZBRZDZDRZFZGZQZRZSZTZUDave Bernard planned on retiring at age 62. But in early 2012, he lost his job as a sales manager
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 Marathon Oil Corp. MRO, Cenovus Energy Inc. CVE, Kinder Morgan, Inc. KMI, TransCanada Corporation TRP and Enbridge Inc. ENB. Is Canada’s Oil Pipeline Bottleneck Choking the Economy?
Four years ago, Marvin Ellison lost out on the top job at Home Depot Inc. Now, after a lackluster tenure at struggling department-store chain J.C. Penney Co., he will get a chance to run a home-improvement retailer. Ellison, 53, was appointed chief executive of Lowe’s Cos., the arch rival of his former employer, on Tuesday. While Ellison failed to turn around J.C. Penney, many of his initiatives, including making stores more efficient and improving customer service, mirror what Lowe’s activist investor D.E. Shaw has called for.
CNBC's Morgan Brennan reports from SpaceX headquarters, where she spoke with Gwynne Shotwell, president and COO, and Andy Lambert, vice president of production, about how the company makes its rockets.
Bitcoin, the world’s biggest digital currency, drifted back under $8,500 on Monday as weekend gains slowly faded. The broader digital-currency market fared even worse, with most virtual assets kicking off the week in decline. After reaching a weekend high of $8,575.99, bitcoin has retreated and a single bitcoin(BTCUSD)(COINDESK:BTC-USD) was last worth $8,402.63, down 1.8% since Sunday’s levels at 5 p.m. Eastern Time on the Kraken exchange.
After years of growth, Celgene Corporation (NASDAQ:CELG) has spent the past eight months suffering from ever-weakening price action. In fact and with shares of Celgene now off a full 50% from 2017’s all-time-highs following Monday’s 4.70% price drop, you could say bears have been acting with barely any hesitation in CELG stock. The latest ‘disappointment’ in shares of Celgene, judging by Monday’s price reaction, is a report that Celgene’s top dog of business development discreetly retired over a month ago.
Investors have demonstrated their displeasure with AT&T T over the last several years. But while the communication and internet giant’s Time Warner TWX merger remains in question, AT&T stock does currently offer investors solid value.Time Warner’s chief
Investors in Chesapeake Energy Corporation CHK need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
Micron shares jumped nearly 4 percent after hours on Monday after announcing a deal with Intel and saying it would buy back $10 billion of its shares. Micron Technology MU shares spiked nearly 4 percent in after-hours trading after it announced a deal with Intel INTC to make and ship the next generation of chips used in flash drives and digital cameras. Intel shares reacted more modestly, up 0.24 percent in after-hours trading after climbing $1.5 percent on Monday.
Unemployed workers who are either at the start of their careers or nearing retirement age are much less likely to receive responses to job applications than those in their prime working years, according to a working paper from researchers at Princeton University, Arizona State University and University of California, Los Angeles, distributed by the National Bureau of Economic Research. Additionally, workers who have been unemployed for a year or longer are less likely to receive a callback from an employer than those who were without a job for a shorter length of time. Unemployed job hunters, in particular, are at a significant disadvantage compared to their peers who are already holding a job, according to a separate analysis from researchers at the Federal Reserve Bank of New York and Columbia Business School.
Over the weekend, Trump administration officials said the trade battle was “on hold” while Trump himself tweeted that, under a potential deal, China will buy as much food as American farmers can produce. General Electric (NYSE:GE) shares are breaking up and out of a long inverse head-and-shoulders base going back to February. Analysts are looking for earnings of 18 cents per share on revenues of $29 billion.
An investment-related topic on Twitter is stoking outrage. The incredulous tweets were in response to a MarketWatch article that suggested that by age 35, you should have twice your salary saved. The reactions ranged from "I didn't have that much saved in my 30s!" to "Well, I'm never retiring, apparently." One of my favorite tweets was this one: "Listen.
You need to rifle through 18 years of history to find selloffs that compare to the one corporate bond investors are now enduring. Debt of American companies just posted their third-worst 100-day returns since 2000, according to a JPMorgan Chase & Co. index, as tighter monetary conditions leave their mark on high-quality bonds with longer maturities. With negative returns likely to scare off retail investors, the outlook for the asset class looks grim, JPMorgan strategists said in a Friday note.
In a world of low interest rates, investors look for yield wherever they can find it. One common choice has become high dividend stocks. In the previous century, dividends did not compare well to bank interest rates.
BP held out the prospect of a first dividend increase since 2014, after first-quarter profits beat forecasts earlier this month, thanks to rising oil and gas prices and production. The 110-year old company is undergoing its fastest growth in recent history with new oil and gas fields from Egypt and Oman to the U.S. Gulf of Mexico, riding a tide of higher oil prices following the 2014 downturn.
Workplace retirement plans get a lot of bad press, primarily if they are loaded with high fees. Put simply, 401(k)s work. The bad news is that otherwise-diligent savers can still leave money on the table with a 401(k), often without realizing it.