Business Insider•6 hours agoTrump is considering a huge change to the way America's biggest companies report their earnings
President Donald Trump on Friday tweeted that the US could abandon quarterly financial reporting. Major CEOs like JPMorgan's Jamie Dimon and Berkshire Hathaway's Warren Buffett have called for changing the way companies forecast their earnings quarterly. President Donald Trump on Friday said he had instructed the US Securities and Exchanges Commission to investigate the abolition of quarterly financial reporting for US companies.
- TechCrunch•2 hours ago
Tesla shares tumble in early trading after another Elon Musk-powered PR blunder
Elon Musk, the embattled chief executive of electric automaker and sustainable energy company Tesla, tried to “set the record straight” about his recent behavior in an hour-long exclusive interview with The New York Times. In the wide-ranging interview, Musk acknowledged the personal and physical toll running Tesla was taking on him and tried to explain away his recent behavior. The latest drama began with a simple midday tweet last week indicating that Musk had secured funding to take Tesla private at a price of $420 per share.
- Bloomberg•3 hours ago
Louisiana Bans Bank of America, Citi from Bond Sale Over Gun Policies
Louisiana is using the bond market to stick up for the Second Amendment. The state’s bond commission voted 7 to 6 Thursday to ban Bank of America Corp. and Citigroup Inc. from working on its upcoming debt sale because of the banks’ "restrictive gun policies," the state treasury said in a statement. Bank of America and Citigroup are the two top-ranked underwriters of long-term municipal debt, according to data compiled by Bloomberg.
- MarketWatch•42 minutes ago
How the new tax law creates a ‘perfect storm’ for Roth IRA conversions
While the new Tax Cuts and Jobs Act (TCJA) includes one negative change for Roth IRAs, they are still pretty wonderful. Here’s what you need to know about Roth IRAs and especially Roth IRA conversions in the post-TCJA world. Unlike traditional IRA withdrawals, qualified Roth IRA withdrawals are federal-income-tax-free and usually state-income-tax-free too.
- Zacks•5 hours ago
Why Amazon.com (AMZN) Could Shock the Market Soon
It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Amazon.com, Inc. AMZN. This year’s significant earnings growth expectation over the prior year should ultimately translate into price appreciation.
- Bloomberg•yesterday
Cup of Coffee Costs $120 Million for Firm Facing China Backlash
Gourmet Master Co. stock plunged as the cafe operator got caught in crossfire with China over Taiwan President Tsai Ing-wen’s visit to an outlet in the U.S. for a cup of coffee. The shares slumped 7.5 percent in Taipei trading Thursday, wiping $120 million from its market value, after a newspaper in China published calls to boycott the chain for hosting the Taiwanese leader at a store in Los Angeles. The Communist Party-run Global Times yesterday reported the incident earlier this week had angered Chinese consumers as it demonstrated Gourmet Master’s support for Tsai.
- InvestorPlace•22 hours ago
7 Dividend Growth Stocks to Buy, Including Disney
A funny thing happened between Aug. 16, 2012, when Apple (NASDAQ:AAPL) initiated a $2.65 quarterly dividend, its first since 1995, and today — Apple became a dividend stock. Since the company paid that first dividend, Apple’s stock shot up 233% and its dividend has grown by 115%, an annualized growth rate of 14%. A big reason Apple initiated its capital allocation program in the first place was to appease investors who felt its growth was slowing and it wasn’t returning enough money to shareholders through dividends and share repurchases.
- TheStreet.com•4 hours ago
General Electric's Stock Isn't Cheap Enough Despite Being Near Record Lows
Both Fluke and Flounder are flat, bottom dwelling fish that live in the waters off Long Island. For those of you who like to get out there and fish these waters, these are fish that make for good eating, and generally speaking, are just not equipped
- CNBC Videos•18 hours ago
Cramer throws out this tech stock to diversify portfolio
Jim Cramer answers callers' questions about how to diversify their portfolios, including which tech stocks to keep and which to throw out.
InvestorPlace•yesterdayAlibaba Stock Is a Steal Before Earnings
The company steps into the earnings fray next week, and BABA stock finds itself once again trading at multi-month lows. Specifically, BABA stock is in a situation very similar to what we saw back in April.
- Fox Business•19 hours ago
Number of 401(k), IRA millionaires continues to surge
The number of “401(k) millionaires” surged in the second quarter, as broad gains in the stock market lifted the value of Americans’ retirement plans. Fidelity Investments said Thursday the number of people with at least $1 million in their 401(k) plan climbed to 168,000 by the end of June, up 41 percent compared to the same quarter in 2017. The company also noted that the percentage of 401(k) millionaires who are women rose to 21 percent.
- Investopedia•2 hours ago
Facebook Stock Seen Falling By as Much as 15%
Facebook Inc.'s ( FB) stock has fallen by more than 20% since the company reported second-quarter results at the end of July. Now some options traders are betting the decline in the stock isn't over and that it may fall by as much as an additional 15% by November. Analysts have been slashing their revenue and profit forecasts for the social media company for the coming third quarter and full year.
Associated Press•2 hours agoMusk tells newspaper he's cracking under stress of Tesla job
The newspaper reported that during an hour-long telephone interview on Thursday, Musk alternated between laughter and tears, acknowledging that he was working up to 120 hours a week and sometimes takes Ambien to get to sleep. The interview puts board members in a difficult position because Musk, who entered Tesla as a major investor and built the company into a force that has changed the perception of electric cars, is the company's public identity.
- CNBC Videos•19 hours ago
How to become a 401(k) millionaire
Fast Money Trader Karen Finerman on how to become a millionaire ahead of your retirement.
- TheStreet.com•4 hours ago
Elon Musk Has Lost It and Must Consider Bringing In Facebook's Sheryl Sandberg
Sandberg certainly has had a tough year at Facebook along with Mark Zuckerberg. Given her tenure at the social media giant, it could be time to wave goodbye and take on the role of turning Tesla into a real company.
- Zacks•3 hours ago
Has Gilead Sciences (GILD) Outpaced Other Medical Stocks This Year?
Investors focused on the Medical space have likely heard of Gilead Sciences (GILD), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of GILD and the rest of the Medical group's stocks. Gilead Sciences is a member of the Medical sector.
- Yahoo Finance•20 hours ago
Analyst: J.C. Penney shares 'are currently worthless'
J.C. Penney (JCP) reported second-quarter earnings today that fell short of analyst expectations. “Based on JCP’s updated and lowered guidance, we estimate JCP shares are currently worthless,” Clearview Trading Advisors analyst Rick Snyder wrote in a note to clients. Barbara Cake, 67, cleans the jewelry counter towards the end of her shift at J. C. Penney on December 23, 2017 at the Shenango Valley Mall in Hermitage, Pennsylvania.
- TheStreet.com•4 hours ago
Nvidia Analysts Brush Off Crypto Fears, See 'Buying Opportunity'
Analysts remain bullish on Nvidia Corp. "We see the pullback as a buying opportunity," Morgan Stanley's Joseph Moore wrote in a research note. The drag on shares was driven, in part, by lower than expected revenue on cryptocurrency mining units, which missed analyst's already lowered estimates by 94%.
- MarketWatch•21 hours ago
11 marijuana stocks’ money flows show which are investor favorites
There was a big bombshell in marijuana land. Constellation Brands (STZ) known for its beer, wine and spirits, is investing about $4 billion in Canadian marijuana company Canopy Growth (CGC) Constellation paid a whopping 51% premium. Marijuana stocks are highly volatile, and investors need help in properly investing and trading them.
- Bloomberg•4 hours ago
Tesla Loses Shine as Elon Musk's Tweet Saga Gets Worse and Worse
As Tesla Inc.’s “going private” chaos turns more ominous, investors are taking a step back. Shares of the electric vehicle maker dropped 3 percent in early trading on Friday, and are now down more than 14 percent since Elon Musk tweeted last week about his plans to take the company private, taking the market by surprise. The latest turn in the drama came late on Thursday, when the New York Times reported a teary-eyed Musk saying that no one had seen or reviewed the tweet before he posted it while driving himself to the airport.
- Bloomberg•4 hours ago
BofA's Subramanian Says Markets Are Getting the Yield Curve Wrong
Savita Subramanian, head of U.S. equity and quantitative strategy at Bank of America Merrill Lynch, explains why the flattening yield curve is not a signal to get out of the market. She speaks on "Bloomberg Daybreak: Americas." More from Bloomberg
- InvestorPlace•yesterday
Ford Isn’t Great, but GE Stock Is an Absolute Disaster
With just a quick glance General Electric (NYSE:GE) and Ford Motor (NYSE:F) appear to be cut from the same cloth. Both were once at the top of their game, but recently, both F and GE stock have been destroyed as the sheer passage of time has made the two companies much less relevant. When one takes a closer look, however, it becomes clear that General Electric and Ford aren’t exactly carbon copies of one another.
- CNBC•21 hours ago
Warren Buffett’s warning on Walmart: There are better stocks than retailers
Warren Buffett was a major shareholders in Walmart until 2016, when he sold most of Berkshire Hathaway's stake in the retailer. At that time, Buffett cited Jeff Bezos and Amazon as a threat that made retail stocks a "tough" game. Walmart stock has risen from the $70-range to the $100-range since Berkshire sold billions in shares, but Berkshire has seen newer holdings in tech, such as Apple, and deep value plays, such as Teva Pharmaceuticals, perform very well.
Yahoo Finance•2 hours agoStocks mixed as Elon Musk shares details of 'excruciating' Tesla turmoil
Stocks (^DJI, ^GSPC, ^IXIC) are mostly lower Friday morning as chipmakers slide, leading losses for technology companies. Energy companies are rising with oil prices. Tesla is falling further on reports of a growing government investigation into the company
- Zacks•20 hours ago
Is Cisco (CSCO) Still a Buy After Hitting 18-Year High?
Shares of Cisco CSCO surged as much as 5.1% higher on Thursday, the day after the storied multinational conglomerate reported its Q4 earnings. After this solid run, some investors may want to realize their gains, but it seems that this old dog truly can learn new tricks. Wednesday’s results marked its third-straight quarter of revenue growth, a welcome trend for Cisco, which had previously endured a two-year decline in topline performance.
