Yahoo Finance•22 hours agoWarren Buffett explains how you could've turned $114 into $400,000 with a simple long-term investment
Many of us know the magic of investing money in the stock market—just letting it sit and watching it grow—but few of us really grasp just how powerfully enriching this can be. Not surprisingly, Warren Buffett, the world’s greatest investor, has a vivid example of this which he shared with me during a visit earlier this year at Berkshire Hathaway headquarters in Omaha. First, take yourself back, way back to America’s entry into World War II. Franklin Roosevelt was president and Buffett was a young boy.
- Yahoo Finance•yesterday
The best way to avoid credit card fees: Just ask
Whether it’s an annual charge or a penalty for paying late, fees seem to be an unavoidable reality for many credit card holders. A CreditCards.com study found that 84% of people were successful when they reached out to their credit card issuer and asked for a late fee to be waived.
- Fox Business•4 hours ago
General Electric liquidation would be a ‘fool’s errand’: Bob Wright
As General Electric weighs whether to break up the sprawling conglomerate after a year of financial woes, the former vice chairman of the 125-year-old company Bob Wright warned it would be a “fool’s errand” to do so. “It’s worth more whole,” Wright told FOX Business’ Stuart Varney during an interview on Wednesday. In recent decades, the conglomerate has relinquished control of many businesses, including NBCUniversal.
- InvestorPlace•6 hours ago
Phillip Morris International Inc. Has Been Smoked, But It May Be Time To Light Up Again
Shares of Philip Morris International Inc. (NYSE:PM) have certainly been taken out to the woodshed lately. PM stock has dropped a staggering 20% over the past five trading days following a disappointing earnings report. Undoubtedly a selloff was warranted
- CNBC Videos•4 hours ago
NYSE trading suspended in various stocks
CNBC's Bob Pisani reports on the New York Stock Exchange suspending Amazon, Google, and other Nasdaq stocks due to a coding issue.
- Fortune•20 hours ago
Microsoft Becomes Second Most Valuable Company For First Time Since 2015
On Tuesday, Microsoft was valued at $714 billion, about $3 billion above Alphabet and Amazon. Microsoft had briefly ascended to No. 2 on April 12 and then again on April 16. On Tuesday, amid worries about higher U.S. Treasury yields and disappointing earnings by other companies that sent the S&P 500 down1.3%, Microsoft rose to No. 2 by virtue of its shares falling less--2.3%--than those of its rivals.
- CNBC.com•yesterday
Here's exactly what an index fund is—and why it's Warren Buffett's favorite way to invest
Index funds can be a low-cost, low-risk way for investors, especially first-timers, to get into the market. But what exactly are they? You can think of an index fund as a basket of stocks with hundreds or thousands of different ones inside, explains Nick Holeman, a certified financial planner at Betterment. The S&P 500, for example, is a fund that holds stocks for the 500 largest companies in the U.S., which includes familiar names such as Apple, Google, Exxon and Johnson & Johnson. "It's the cheapest and easiest way to diversify your money that you're investing," Holeman says. Think of it this way: If every individual stock were a Lego brick, buying an index would be like getting a set of Legos
- CNBC.com•yesterday
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
- TheStreet.com•22 hours ago
Jim Cramer: IBM, P&G Deserve a Look-See
yields approximately 4% and gives you $2.84 cents currently - it just raised its dividend by 4% which, importantly, is the 62nd consecutive year of increases. If you bought P&G here you are basically insuring yourself to $70 which is down an astounding $24 from its high during the Nelson Peltz proxy battle.
Yahoo Finance•yesterday3 big changes coming from the Trump tax cuts
It will take months or years to tell if the tax cuts President Trump signed at the end of 2017 will boost economic growth or help create jobs, as intended. Congress’s Joint Committee on Taxation has published new estimates of the ways people will file their taxes for 2018, the first year most of the new tax provisions will be in effect. One of the most disruptive changes to the tax code is a new limit of $10,000 on the deductibility of state and local taxes, which used to be subject to no limit.
Reuters•yesterdayU.S. tariffs could push Puma to shift production from China
German sportswear maker Puma is working on contingency plans to move some production from China to other Asian markets if U.S. tariffs are imposed on footwear, its chief executive said on Tuesday. Puma currently makes about a third of its products in China and is looking into moving production of goods for the U.S. market to countries like Vietnam and Indonesia, Puma CEO Bjorn Gulden told a conference call for journalists.
- InvestorPlace•7 hours ago
Allergan plc Stock Looks Cheap for Good Reasons
From a headline standpoint, Allergan plc (NYSE:AGN) stock does look attractive at the moment. A steady pullback has seen Allergan stock fall about 35% from late July highs and Allergan has dropped by half from 2015 levels. A sub-10x forward EPS multiple is notably cheaper than those assigned to rivals like Pfizer Inc. (NYSE:PFE) and Merck & Co., Inc. (NYSE:MRK).
- InvestorPlace•yesterday
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.
- Investopedia•yesterday
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
- CNBC.com•yesterday
Apple loses $64 billion in stock value as Wall Street is in 'full panic mode' on iPhone demand
Disappointing guidance from key iPhone suppliers is raising worries about Apple shares and could signal the death of the technology-driven stock rally. Apple's stock is cumulatively down 7.1 percent in the three trading sessions through Monday, wiping out $63.9 billion of shareholder value. The decline was sparked by Taiwan Semiconductor Manufacturing's weaker-than-expected guidance Thursday morning. The world's largest semiconductor foundry and key Apple chip partner said its revenue forecast range for the second quarter is $7.8 billion to $7.9 billion versus the Wall Street estimate of $8.8 billion. The company blamed "weak demand" in the mobile sector for its forecast. "Heading into Apple's
Yahoo Finance•yesterdayStocks 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.
- CNBC Videos•2 days ago
US stock market could see a 30-40% decline, says expert
"Rates market" volatility could lead the correction, says Rainer Michael Preiss, executive director of Taurus Wealth Advisors.
- Bloomberg•yesterday
Patent ‘Death Squad’ System Upheld by U.S. Supreme Court
The U.S. Supreme Court upheld an administrative review system that has helped Google Inc., Apple Inc. and other companies invalidate hundreds of issued patents. The justices, voting 7-2, said Tuesday a U.S. Patent and Trademark Office review board that critics call a patent "death squad" wasn’t unconstitutionally wielding powers that belong to the courts. Silicon Valley companies have used the system as a less-expensive way to ward off demands for royalties, particularly from patent owners derided as "trolls" because they don’t use their patents to make products.
- Zacks•9 hours ago
Boston Scientific (BSX) Beats on Q1 Earnings and Revenues
MA-based Boston Scientific Corporation BSX is a leading global manufacturer of medical devices that are used in a wide range of interventional medical specialties. Boston Scientific technologies address a wide range of health conditions through 7 business
- Investopedia•11 hours ago
4 Reasons to Consider a Charitable Remainder Trust
The Tax Cuts and Jobs Act of 2017 represents the most significant reform in over 30 years, replacing the Tax Act of 1986. For some, the changes are positive: reduced tax rates for personal and business income, as well as the increased standard deduction. But for people that are itemizing their deductions, the former tax savings can easily be washed out by some of the new restrictions. There are negative impacts for those that use the medical and dental expense deduction, the SALT (state and local taxes) deduction and the mortgage interest deduction. However, there is one part of the itemized deductions that was positively changed: gifts to charity. Maximizing your charitable deductions, especially
- Associated Press•yesterday
Illumina: 1Q Earnings Snapshot
SAN DIEGO (AP) _ Illumina Inc. (ILMN) on Tuesday reported first-quarter profit of $208 million. On a per-share basis, the San Diego-based company said it had profit of $1.41. Earnings, adjusted for one-time gains
TechCrunch•55 minutes agoFacebook beats in Q1 and boosts daily user growth to 1.45B amidst backlash
Amongst massive criticism over data privacy, Facebook showed the resiliency of its advertising machine by beating Wall Street's $11.41 billion revenue estimate in its Q1 2018 earnings report by raking in $11.97 billion in revenue with $1.69 EPS compared to the $1.35 estimate. Facebook added 70 million daily active users to hit 1.45 billion, up 3.57 percent to revive Facebook's growth after slower 2.18 percent growth last quarter. Both daily and monthly users are up 13 percent year-over-year, showing Facebook's troubles haven't paralyzed its growth.
- InvestorPlace•yesterday
Buy Freeport-McMoRan Inc on the Post-Earnings Dip
From a logic-driven perspective, miner Freeport-McMoRan Inc (NYSE:FCX) should have done quite well last quarter. For the quarter ending in March, metal mining outfit Freeport-McMoRan turned $4.87 billion worth of revenue into earnings of 46 cents per share. The figures fell short of the 56 cents per share of FCX stock analysts were collectively expecting, and the top line of $4.93 billion they’d modeled.
- Zacks•9 hours ago
Will Pfizer's (PFE) Earnings Beat Estimates Again in Q1?
Last quarter, the company delivered a positive earnings surprise of 10.71%. The pharma giant has a strong record of earnings surprises. Pfizer’s shares have risen 2.3% this year so far against a decrease of 4.3% for the industry.
The Street•yesterdayCaterpillar 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
