HOUSTON (AP) _ Kinder Morgan Inc. (KMI) on Wednesday reported a second-quarter loss of $141 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Houston-based company said
Millennials may have only a little saved for retirement, but they still want to retire early. A recent Bankrate.com survey asked millennials, classified as Americans ages 18 to 37, what the perfect time to retire would be. Of those millennials already saving, the median retirement account balance is about $19,100.
Texas Instruments has dumped CEO Brian Crutcher for personal misconduct less than two months after he took over the job, ruining the chip maker's hopes for a smooth transition to new leadership. Crutcher resigned Tuesday after TI's board determined he violated the company's code of conduct with behavior the company said was not consistent with its ethics and core values. TI emphasized Crutcher's transgression wasn't related to its operations or finances.
Shares of Apple AAPL are up roughly 10% over the last three months as investors show their confidence in the world’s most valuable company. Now let’s check out why the iPhone giant looks like a strong buy stock at the moment. Apple had been criticized for years about its overreliance on the iPhone.
Money is to be made in marijuana stocks in the long term. • Canopy Growth stock ran up on excitement about the legalization of marijuana in Canada, and many gurus are urging investors to buy this stock as a once-in-a-lifetime opportunity. • The Arora Report made a negative call on Canopy Growth near the high when most gurus were pounding the table to buy marijuana stocks.
How many credit cards should you have if you want an excellent credit score? A credit score is a personal rating that determines the interest you pay for a loan, or whether you qualify for a loan at all. It's calculated based on payment history, how much you owe, your length of credit history, the types of credit you have and how often you apply for new credit.
The Dow Jones Industrial Average has struggled for five months to hold onto gains past 25,000. Economist Dennis Gartman says 30,000 is the real milestone to watch. “If these past 6.5 months are indeed going to prove to have been a consolidation phase, then huge gains, perhaps sufficient to carry the Dow to 30,000" are “technically possible,” Gartman said in the letter Wednesday.
Papa John’s International Inc. climbed after a report that the company’s controversial founder John Schnatter, under fire for the use of a racial slur, held recent talks with Wendy’s Co. about a potential merger. The talks with Wendy’s were preliminary and began before Schnatter resigned as chairman of the company’s board, the Wall Street Journal reported. Investors cheered the news on the hopes it signals that there could be interest from potential acquirers for the troubled company.
Mike Wilson, Morgan Stanley, on the rocky market road ahead. Is it time to get defensive? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.
Berkshire Hathaway Inc. shares climbed the most in four months after the company signaled that investors may soon get their hands on part of a $109 billion mountain of cash that’s bedeviling Warren Buffett. The firm’s board announced late Tuesday that it’s removing a cap on stock buybacks, giving the Berkshire chairman and chief executive officer greater leeway to parcel out profits, rather than hunt for more acquisitions. Buffett and Vice Chairman Charlie Munger can now make repurchases whenever they both believe the price “is below Berkshire’s intrinsic value, conservatively determined,” the company said.
Investors in Rite Aid Corporation RAD 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.
Semiconductor stocks have been the subject of unpredictable volatility so far this year, but the underlying business of this industry is growing—and should continue that trend in 2018 and beyond. Throughout the chip-making space, companies have successfully adapted to the changing needs of the consumer, including an increased demand for small, high-powered chips that enable “Internet of Things” (IoT) devices. For those that don’t know, the Internet of Things is the growing world of interconnected household and industrial devices.
The five-year agreement will bring Walmart use of Azure and Microsoft 365 company-wide. Microsoft will have employees embedded in Walmart offices. the retailer and Amazon the cloud service provider has been put on notice.
Starbucks Corporation SBUX is set to report third-quarter fiscal 2018 results on Jul 26, after the closing bell. In the last reported quarter, the company’s earnings came in line with the Zacks Consensus Estimate. The question lingering in investors’ minds now is whether Starbucks will be able to deliver a positive earnings surprise in the quarter to be reported.
Venture firm Andreessen Horowitz has promoted Connie Chan to general partner with a focus on consumer investments. Chan, a partner who joined as an analyst in 2011, is the first general partner to get promoted from within the firm. In a blog post, Andreessen Horowitz co-founder Ben Horowitz wrote, "When we founded the firm, we made a brand promise that if you raised money from us, we would put a Founder or CEO of a significant technology company on your board.
General Electric Company GE is scheduled to report second-quarter 2018 results on Jul 20, before the market opens. The company’s average earnings surprise was a positive 3.27%. In the last reported quarter, the company’s earnings of 16 cents per share surpassed the Zacks Consensus Estimate of 11 cents by 45.45%.
The S&P 500 is an index containing the largest stocks in the country. Generally speaking, the index is also used as a benchmark, as everyone from retail investors to hedge fund managers compare their performance to it. With that being said, there are a lot of names in the S&P 500 that investors don’t want to own, simply because they are not performing well.
If you don't know how much you pay for financial advice, you could be in for an unpleasant surprise. Here's how to tell if your advisor is looking out for your best interest, says Sophia Bera,founder of Gen Y Planning.
GE shares bounced after earnings were reported in April, but the move proved to be short-lived. At less than $14 a share, GE's stock is sliding into irrelevance, and CEO John Flannery needs to convince the Street to care about his company once again. According to MarketWatch, the average estimate of analysts as compiled by FactSet is for adjusted second-quarter earnings per share, excluding nonrecurring items, of 18 cents, which would be down from 28 cents a share in the second quarter of 2017.
What investors want from General Electric (NYSE:GE) right now is peace and quiet. Right now, no news is good news for GE stock. Unfortunately, investors have an earnings report to deal with this Friday.
The company's shares fell as much as 2.5 percent in after-market trading even as Texas Instruments reported second-quarter earnings and sales figures that beat estimates. Chairman Rich Templeton will reassume the roles of chief executive officer and president and the chipmaker is not searching for a replacement, Texas Instruments said. "The violations are related to personal behavior not consistent with the company's ethics and core values, but not related to company strategy, operations or financial reporting," Texas Instruments said in a statement.
Shares of Microsoft MSFT slipped in morning trading Wednesday, just one day before the company is set to report its Q4 and fiscal 2018 financial results. This might be a sign that investors are nervous about Microsoft ahead of its earnings release, but MSFT stock has still outpaced its industry and the S&P 500 since the start of the year. Microsoft has bolstered its business in recent years in order to adapt and grow in the new age of computing, with a big push into artificial intelligence, IoT, and more.
Texas Instruments Inc.’s Brian Crutcher, who resigned as chief executive officer after just six weeks on the job, could be forced to surrender as much as $43.3 million of stock awards. Crutcher, who resigned after the semiconductor maker said he violated its code of conduct, held stock options and restricted shares valued at about $20.6 million and $22.7 million as of Tuesday’s market close, data compiled by Bloomberg show. An executive who’s fired for cause -- which usually includes policy breaches -- can lose both restricted shares and stock options, Texas Instruments said in its most recent proxy statement.
MARKET PULSE The Class B shares of Warren Buffett's Berkshire Hathaway Inc. (brk) jumped 5.5% in midday trade, putting them on track for the biggest gain since September 2011, after policy change gave Chief Executive Buffett and Vice
It’s not everyday that a CEO resigns after violating his company’s code of conduct – and then investors shrug it off. After the stock market closed, Texas Instruments announced that Brian Crutcher was stepping down after two months as CEO because of unspecified violations of TI’s code of conduct. TI said it is not looking to hire anyone to replace him.