- Yahoo Finance•13 hours ago
The Trump tax cuts will benefit investors, not workers, this CEO says
Dozens of companies have given employees one-time bonuses on account of the tax cuts President Trump signed into law last year. In fact, ADP’s CEO recently told employees that investors, not workers, will see most of the benefits of tax cuts. At an internal town hall meeting on March 15, ADP CEO Carlos Rodriguez fielded an employee question on what the company planned to do with the savings from corporate tax cuts.
Zacks•18 hours agoAdvanced Micro (AMD) Q1 Earnings: Is a Beat in the Cards?
Advanced Micro Devices, Inc. AMD is scheduled to report first-quarter 2018 earnings on Apr 25.Notably, the stock has delivered an average four-quarter positive earnings surprise of 35%. In the last reported quarter, the company came up with a positive
- Bloomberg•15 hours ago
AT&T Accused of Stealing Streaming-News Technology System
AT&T Corp. was sued by a tech firm that accuses the largest U.S. provider of pay TV of stealing the startup’s technology for providing online streaming news and interfering with its launch. Dallas-based AT&T reneged on an agreement to invest $100 million in My24hournews.com, which invented a system to deliver streaming news to computers, smartphones and tablets, after making off with its technology, the tech firm said in a lawsuit. AT&T violated agreements with My24hournews.com by “refusing to fund My24’s launch’’ and “holding My24’s Broadcast Platform hostage,’’ according to the complaint filed in federal court in Atlanta this week.
- CNBC Videos•2 days ago
Kraken cryptocurrency exchange says it will not comply wi...
Kraken co-founder and CEO Jesse Powell says the cryptocurrency exchange will not comply with the New York attorney general's request for information.
- Zacks•18 hours ago
Transocean (RIG) Wins Multiple Contracts as Oil Prices Rise
The first contract secured by Transocean is for its semi-submersible rig, GSF Development Driller I in Australia. The contract is an extension of the rig’s current work, which is scheduled to terminate in September 2018. Quadrant Energy intends to extend the contract, which will now deploy the rig for two more months — November and December.
Reuters•12 hours agoTrump rails against high oil prices, OPEC pushes back
WASHINGTON/JEDDAH, Saudi Arabia (Reuters) - U.S. President Donald Trump accused OPEC on Friday of "artificially" boosting oil prices, drawing rebukes from some of the world's top energy exporters. "Looks like OPEC is at it again. Oil prices are artificially Very High! No good and will not be accepted!" Trump wrote on Twitter.
InvestorPlace•12 hours ago5 Top Stock Trades for Monday Morning
As earnings season is starting to pick up pace, here’s a look at some the top stock trades in the stock market. With shares of Apple Inc. (NASDAQ:AAPL) down more than 4% Friday, it’s no wonder tech is having a tough day. Many investors are trying to figure out what to make of Apple’s 7% slide over the past three trading sessions.
- InvestorPlace•17 hours ago
7 REITs With Big Dividend Raises Coming
“First-level” investors – those who buy and sell on headlines – mistakenly believe that real estate investment trust (REIT) profits will suffer if rates continue to rise. Overall, rising rates are actually good for the best REITs because it signals a rolling economy. Take the Vanguard REIT ETF (NYSEARCA:VNQ), which is now paying its highest current yield since 2009.
- InvestorPlace•17 hours ago
Philip Morris International Inc.: An Industry Goes Up in Smoke
Philip Morris International Inc. (NYSE:PM) shares fell off a cliff on April 19 after the company reported disappointing earnings. The fall was bigger than the disappointment, but it seemed to portend trouble for tobacco generally and took the whole consumer staples sector of the market down with it. The company — which sells exclusively outside the U.S. and spun-out from Altria Group Inc (NYSE:MO) in 2008 — had net income of $1.65 billion, $1.00 per share, on revenue of $6.9 billion.
- InvestorPlace•2 days ago
Activision Blizzard, Inc. Will Finish What ‘Fortnite’ Started
On paper, most analysts will agree that Activision Blizzard, Inc. (NASDAQ:ATVI) is enjoying a solid start to this year. Against the January opener, ATVI stock has gained nearly 9%. Despite Activision’s immense reputation in delivering the most compelling first-person shooter games, another company has unexpectedly taken its throne.
Fortune•2 days agoDead Carcasses and Rodents Found at Farm Behind Massive Salmonella Egg Recall
Unsanitary conditions were found during multiple inspections of a Rose Acre Farms facility in Hyde County, N.C., that allowed for the “proliferation and spread of filth and pathogens throughout the facility that could cause the contamination of egg processing equipment and eggs,” according to a report from the U.S. Food and Drug Administration detailing inspections. A review of the farm’s pest control records flagged an ongoing rodent infestation, with rodents, dead carcasses and baby mice observed, along with workers who weren’t following proper sanitary practices.
Yahoo Finance•19 hours agoWells Fargo hit with $1 billion fine
The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of Currency (OCC) announced a combined fine of $1 billion against Wells Fargo (WFC) on Friday. The consent orders from the two agencies described how the bank unfairly disregarded its advertised process of locking-in interest rates for mortgages, as well as unfairly foisting insurance on customers taking out auto loans. If a closing of a mortgage dragged on due to Wells Fargo and not the customer, the bank still charged customers to keep the rates locked — despite this being contrary to policy, the consent order notes.
- CNBC.com•9 hours ago
Cramer Remix: The most eagerly anticipated report of the year
The market may have faced a brutal decline on Friday led by the stock of Apple, but CNBC's Jim Cramer knows investors could handle a dip in the stock of the world's largest company. "And we can handle the yield on the 10-year Treasury surging ever closer towards 3 percent. But we can't handle both in the same day," the "Mad Money" host said. "Hence today's shellacking." Cramer blamed the algorithmic processes that direct machines to sell stocks and buy bonds when Treasury yields approach 3 percent, noting the influx of good earnings reports that happened ahead of the weekend. With that negativity in mind, Cramer turned to the stocks and events he'll watch in earnings season's fullest week yet,
- InvestorPlace•2 days ago
Walmart Dress Code to Get a Lot More Flexible
Walmart is testing new dress codes in a small number of U.S. stores with the hopes that this more relaxed environment will help to reel in and retain staff in an increasingly tighter labor market. This means that workers will be allowed to wear shirts of any solid color, which marks a shift from its previous option of only having blue or white shirts, according to an employee manual obtained by Bloomberg News. Walmart adds that visible facial tattoos will be forbidden for those hired after April 14, according to the manual.
- FX Empire•yesterday
Bitcoin Lags Again in a Mixed Start to the Day
Bitcoin gained 1.33% on Thursday, following Wednesday’s 3.56% gain, to end the day at $8,281, a lacklustre performance relative to its peers. It was a choppy morning for Bitcoin, which slid to a start of the day $8,032.2 low to set the tone for the day, the morning low calling on support from the 23.6% FIB Retracement Level of $7,996.57 to hold at $8,000 levels early. An intraday high $8,297.4 in the final hours of the day came up short of the day’s first major resistance level of $8,314.3, with earlier runs at $8,300 also coming up against strong resistance, limiting Bitcoin’s gains through the middle part of the day.
Associated Press•22 hours agoZTE protests US penalty, says it is seeking solution
ZTE Corp., one of China's biggest tech companies, warned Friday a ban on access to U.S. technology threatens its survival and said the company is looking for a legal solution. State-owned ZTE "may enter a state of shock," which will hurt its employees and U.S. suppliers, its chairman said, according to Chinese news reports. The ban was imposed Monday in a case involving exports of telecoms equipment to Iran and North Korea.
- CNBC Videos•11 hours ago
Chart shows bitcoin and stocks might be correlated
Are bitcoin and stocks correlated? A look at the charts with Fast Money trader Brian Kelly.
- InvestorPlace•13 hours ago
5 ETFs to Hedge Your Portfolio Against Volatility
Volatility has been the key theme on Wall Street over the past couple of months. Although earnings optimism has once again encouraged investors to take on risk, strained U.S.-China trade ties and escalating tensions in Syria are acting as dampeners.
- TechCrunch•10 hours ago
SmugMug acquires Flickr
Two photo-sharing services are teaming up, as SmugMug buys Flickr from Verizon's digital media subsidiary Oath. USA Today broke the news and interviewed SmugMug CEO Don MacAskill, who said he hopes to revitalize Flickr . At the same time, he said he's still figuring out his actual plans: "It sounds silly for the CEO to not to totally know what he’s going to do, but we haven’t built SmugMug on a master plan either.
- InvestorPlace•12 hours ago
Slowly But Surely, Alibaba Group Holding Ltd Will Feel the Burden of Being a Powerhouse
It’s a warning that also needs to be passed along to Alibaba Group Holding Ltd (NYSE:BABA) shareholders, particularly in light of some recent developments from its top competitors. It may not matter right now, or even a few months from now, but other e-commerce and internet companies — frustrated with Alibaba’s dominance — are finally starting to find ways to beat Alibaba at its own game. The same idea more or less applies to AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ), which dominate the United States’ telecom scene, leaving the rest of the industry fighting for leftovers and scraps.
- Zacks•13 hours ago
Top Analyst Reports for Goldman Sachs, Abbott & Altria
Friday, April 20, 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 Goldman Sachs (GS), Abbott Labs (ABT) and Altria (MO). These research
InvestorPlace•18 hours agoPhilip Morris International Inc. Stock Went Up in Smoke — Go Long
Since the February stock market correction started, Philip Morris International Inc. (NYSE:PM) stock has had a turbulent period of trading. Compare that with a flat stock market — both Philip Morris and Altria Group, Inc. (NYSE:MO) stocks have been decimated. Meanwhile, cannabis stocks like GW Pharmaceuticals plc (NASDAQ:GWPH) have fared much better and are in line with the stock market in general.
- Zacks•2 days ago
Are Cigarettes Finally Dead? Phillip Morris Plunges
Other industry players are falling today as well on the news as investors ruminate on an uncertain future for tobacco. U.S. Marlboro producer Altria (MO) is down over 7% and British American Tobacco (BTI) – owner of R.J Reynolds – is down almost 6%. Philip Morris has missed the Zacks Composite Earnings estimate in each of the last 4 quarters due to regulation, increased taxation and an overall decline in demand for tobacco products.
InvestorPlace•21 hours agoTrade of the Day: Be Careful in Advanced Micro Devices, Inc. After Earnings
Semiconductor stocks as a group had a difficult day on Thursday as a broad-based sell-off in this space pushed many of these stocks lower. In my eye however the next major catalyst are the upcoming earnings reports. For Advanced Micro Devices, Inc. (NASDAQ:AMD) the earnings report will hit on April 25 after the close of trading for the day.
Reuters•10 hours agoU.S. yield hits four-year high; stocks fall on tech sector
A U.S. bond sell-off continued for a second day on Friday, pushing the 10-year Treasury yield to its highest level in more than four years and steepening the yield curve after two weeks of flattening. World stock markets dipped as worries about a global slowdown in smartphone demand dented the technology sector, while oil prices fell after U.S. President Donald Trump sent a tweet criticizing OPEC and then mostly recovered. The higher yields seemed to reflect a technical shift in the market, rather than a jump in investor confidence in the U.S. economy or rising inflation, so analysts are regarding the steeper curve as temporary.
