- Bloomberg•5 hours ago
Companies Say They're Ready to Move Supply Chains From China
U.S. President Donald Trump imposed a 10 percent tariff on $200 billion of Chinese imports in September -- following an earlier round of tariffs on $50 billion of goods -- and promised to raise the duty to 25 percent in January. "We’re pro-actively taking action," Todd Bluedorn, chief executive officer of the Texas-based HVAC company, told analysts during an Oct. 22 earnings call.
- MarketWatch•7 hours ago
Suze Orman missed the point of retirement, and that’s why she went back to work
Suze Orman did a smackdown of the FIRE (Financial Independence/Retire Early) movement on Paula Pant’s podcast. Coach Carson posted a balanced, informative response, appreciating Suze’s admonition to be sure you have enough for a risk-free retirement. Suze enumerated a string “what can go wrong” scenarios as evidence that early retirement (on less than $10 million) leaves you vulnerable when life hands you lemons — a whole tree of lemons.
Business Insider•9 hours agoThe stock market's 'dead cat bounce' is over and the rolling bear market is making a comeback, Morgan Stanley says
The stock market may have bounced back from its sharp sell-off at the beginning of October, but Morgan Stanley says the selling will pick back up soon. The firm expects the S&P 500 to slide back below the 200-day moving average, a key technical level. Tread carefully in tech and consumer discretionary, Morgan Stanley warns.
- Bloomberg•5 hours ago
Trump’s Tax Push to Help Middle Class Could Help Top Earners Too
It’s still unclear how Trump will propose to reduce the tax burden on middle-class Americans, but one of the most straightforward ways would be to lower rates by 10 percent for single filers making up to $82,500. U.S. income tax rates are graduated and income dollars get taxed in chunks as they move up through the brackets -- which means wealthy Americans would also get to apply the reduced rate on their first dollars of income. “A millionaire gets the same size tax cut,” said Kyle Pomerleau, an economist at the conservative Tax Foundation.
- Business Insider•9 hours ago
One of the largest cannabis companies is going public on the New York Stock Exchange
Aurora Cannabis, one of the largest Canadian marijuana producers, is going public on the New York Stock Exchange. Aurora is joining a select list of Canadian cannabis producers, including Tilray and Cronos, that are able to list on US-based exchanges.
- Bloomberg•5 hours ago
Tesla Skeptic Andrew Left Is Now Long on ‘Proven Hit’ Model 3
“As much as you can’t believe you are reading this, we can’t believe we are writing this!” Left -- who is also suing Tesla and its leader Elon Musk for inflating its stock -- said in a report today. Tesla’s shares rose as much as 7.5% after the report today, to $280.60. "While the media has been focused on Elon Musk’s eccentric, outlandish and at times offensive behavior, it has failed to notice the legitimate disruption of the auto industry," he wrote.
- MarketWatch•2 hours ago
Microsoft earnings: The quiet drive toward a $1 trillion market cap
Apple Inc. received plenty of attention for being the first public U.S. company to achieve a $1 trillion market cap last quarter, and Amazon.com Inc. had its own momentary flirtation a month later. Could Microsoft Corp. (MSFT)be the next to make a run at 13 digits? Apple (AAPL)has maintained its $1 trillion valuation despite recent struggles in tech stocks, but Amazon — which has never closed a trading session atop the threshold — is now within Microsoft’s (MSFT)reach.
- CNBC Videos•yesterday
Investors are moving away from companies with a lot of ex...
Traders Joe Terranova, Steve Weiss, Josh Brown and Jim Lebenthal are joined by Ali McCartney, managing director with UBS Private Wealth Management, to discuss whether the market rally will continue or if they believe a bear market is on the way.
- CNBC•yesterday
Here's how much money you should have saved by 50
Fidelity, the nation's largest retirement-plan provider, recommends having the equivalent of six times your annual salary saved. To get to that number, Fidelity recommends saving 15 percent of your annual income. Make sure to invest these funds instead of leaving them in a traditional low-interest savings account.
- Barrons.com•2 hours ago
Micron Technology Is Under the Gun as Demand Outlook Worsens
The price of (MU) stock has fallen nearly 40% since the summer, but the upside has diminished as well, according to Susquehanna analyst Mehdi Hosseini. “Recent checks imply incremental weakness in Cloud and Enterprise spending expectations” for the first half of 2019, Hosseini wrote on Tuesday. Hosseini lowered his price target for Micron to $45 from $75, implying upside of about 17% from the current level.
Associated Press•21 hours agoThe Latest: Michael Avenatti's former firm getting evicted
The former law firm of porn star Stormy Daniels' attorney Michael Avenatti is being evicted from its office space in Southern California. It's the same day Avenatti was ordered to pay $4.85 million to a former colleague in a separate lawsuit over back pay. Judge Robert Moss' order against the law firm terminates its lease and requires it to pay $154,000 in four months of back rent and storage space in Newport Beach.
- Yahoo Finance•8 hours ago
Caterpillar's Q3 beat expectations, shares tumble
A Caterpillar Inc. equipment is on display for sale at a retail site in San Diego, California, U.S., March 3, 2017. Global construction equipment giant Caterpillar (CAT) announced quarterly results that were a bit better than expected. Caterpillar’s construction industries business segment sales grew 16% to $5.7 billion.
- CNBC•yesterday
Here's the tax bite on $1.6 billion Mega Millions and $620 million Powerball jackpots
Strategies can be employed to reduce the amount of your win that is taxed, although they are best explored with the help of an experienced tax advisor. While it's anyone's guess who will end up winning the Mega Millions and Powerball jackpots, there's at least one guaranteed recipient of a chunk of the loot — the IRS. With the Mega Millions jackpot at $1.6 billion and Powerball's top prize at $620 million, that tax bill will be hefty even if the winner employs strategies to reduce their taxable income.
- MarketWatch•5 hours ago
Dow tumbles nearly 550 points at lows amid corporate outlook, China selloff
It was a punishing start for stocks Tuesday as investors reacted negatively to quarterly results from a handful of blue chips and the cessation of a two-day rebound for China’s embattled stock market, reviving fresh questions about global economic growth prospects. The Dow Jones Industrial Average (DJIA) 548.62 points at its low and remained was recently 460 points, or 1.8%, at 24,862. The S&P 500 (SPX) fell 55 points, or 2%, to 2,696, retreating below a psychological and technical mark at 2,700, while the Nasdaq Composite Index (COMP) slid gave up 177 points, or 2.4%, to 7,291.
- CNBC Videos•6 hours ago
Cramer: The mortgage rate is very high in this country
CNBC's 'Squawk on the Street' team discusses Jim Cramer's warning that more bad earnings are on their way.
- TheStreet.com•4 hours ago
Stocks to Buy, Stocks to Dump in This Volatile Market
Get Some Much will be made of this morning's equity market selloff. There will be calls made on both sides. Bulls will state their case. Bears will make theirs. Financial TV will be full of them, and a lot of them, you and I know will be full of
- InvestorPlace•yesterday
3 Great Semiconductor Stocks to Buy Now
Semiconductor stocks are having a bumpy 2018. While the sector is in the green overall, the chipmakers are trailing the Nasdaq Composite, as measured by the Invesco QQQ Trust (NASDAQ:QQQ) by a wide margin. The QQQ ETF is up 9% year-to-date, with the iShares PHLX Semiconductor ETF (NASDAQ:SOXX) up just half that for the year.
- Investopedia•7 hours ago
10 Oversold Tech Stocks Ready to Rebound
Tech stocks have taken a beating recently, sending the Nasdaq 100 Index (NDX) plummeting by 8.6% from its all-time high on Oct. 1 to its low on Oct. 10, based on intraday prices. Counter to growing skepticism about the outlook for tech stocks, Piper
Reuters•4 hours agoVerizon beats Wall Street estimates, shares hit 18-year high
The largest U.S. wireless carrier by subscribers has been focusing on upgrading its network and winning over more customers in a saturated market as rivals AT&T Inc (T.N), Sprint Corp (S.N) and T-Mobile have been focusing on merger deals and paying down debt. Verizon shares rose 3.4 percent to $56.87, their highest in more than 18 years. The company said it added a net 295,000 phone subscribers who pay a monthly bill during the third quarter, easily beating the estimate of 161,000 provided by research firm FactSet.
Bloomberg•2 hours agoBank of America Has Seen the Future: A U.S. Stock Roller Coaster
Bank of America Merrill Lynch’s equity and quant team say market signals from the ever-flattening yield curve are clear as day: stock markets are due to begin a new era of elevated price swings. “A flattening yield curve signaled a withdrawal of liquidity and over the last three cycles has preceded rising volatility by a few years,” the team, including Savita Subramanian, wrote in research this week. Bank of America’s call -- echoing others -- comes as investors scramble to judge whether the current turmoil in equity markets represents a blip or fundamental shift in regime.
- InvestorPlace•yesterday
AMD Stock Starting to Chip Ahead of Q3 Earnings Report
No matter what your opinions are about Advanced Micro Devices (NASDAQ:AMD), you can agree that it’s never an uneventful day for the semiconductor company. This year, AMD stock has again defied the bears, skyrocketing 127% since the first of January. To put this year’s monster gain into context, AMD shares also had a banner year in 2016, profiting shareholders over 300%.
- Yahoo Finance•1 hour ago
Stocks pare losses
US equities began to recover Tuesday afternoon after posting sharp declines earlier in the day. The Dow (^DJI) slid 0.5%, or 127.04 points, as of 2:31 p.m. ET. The S&P 500 (^GSPC) fell 0.56%, or 14.67 points. The Nasdaq (^IXIC) slipped 0.42%, or 32.62
- Zacks•5 hours ago
Lockheed Martin (LMT) Q3 Earnings Beat, '18 EPS View Up
Lockheed Martin Corp. LMT reported third-quarter 2018 earnings of $5.14 per share, beating the Zacks Consensus Estimate of $4.32 by 19%. The bottom line also improved 54.8% from the year-ago quarter’s figure of $3.32.Operational HighlightsIn the reported
- Fox Business•yesterday
Lottery jackpot winners face big IRS tab
The jackpots will be subject to federal withholding, which is an immediate 24 percent before the winner ever receives a cent. Some states also impose a withholding tax, Clarence G. Kehoe, CPA and partner at public accounting firm Anchin, Block & Anchin, told FOX Business. The IRS will also tax the winnings at the highest federal income bracket, which now sits at 37 percent for individuals with incomes in excess of $500,000. You would owe any difference left over between that tax rate (37 percent) and the federal withholding rate (24 percent) when you file your tax return at the end of the year, K. Eli Akhavan, partner and chair of the Private Client and Wealth Preservation Group at CKR Law, told FOX Business.
- Zacks•7 hours ago
Marijuana Stocks Plummet to Record Low: What's Next?
Over the last few days, share prices of major marijuana stocks have plummeted to their worst in the trailing eight months. This free fall commenced following the legalization of marijuana for recreational use in Canada on Oct 17.Legalization Considered
