Business Insider•2 days agoA Tinder VP wrote a heartfelt email before being put on leave for filing a $2 billion lawsuit against the dating app’s owners
Tinder's marketing and communications chief Rosette Pambakian has reportedly been put on leave. Tinder's marketing and communications chief wrote a heartfelt email to staff before reportedly being placed on administrative leave for suing the dating app's owners.
Business Insider•21 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.
- MarketWatch•16 hours 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•20 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.
- MarketWatch•10 hours ago
Alibaba earnings: Spending for a future beyond e-commerce
Alibaba Group Holding Ltd. dominates online shopping in China, but the company has bigger plans in mind. “We think Alibaba is years ahead of any competitor in driving digital commerce forward,” MKM Partners analyst Rob Sanderson, who rates the stock a buy with a $280 target price, wrote earlier this summer. Alibaba’s investments have weighed on recent results, and the question is whether investors will show patience going forward as the company plays the long game.
Associated Press•12 hours agoThe Latest: Tesla shares drop 9 percent after Musk interview
Tesla shares are closing with a loss of $29.95, about 9 percent, at $305.50 after CEO Elon Musk told the New York Times that the stress of the job is getting to him. Musk admitted in an interview with the Times that the stress of running Tesla has affected his health. Musk is the public face of, and driving force behind Tesla and investors have stuck with the eccentric billionaire despite a number of controversies.
InvestorPlace•20 hours ago3 Big Stock Charts for Friday: Netflix, PG&E and Boeing
Chief among them as we start the last trading day of the week are Netflix (NASDAQ:NFLX), PG&E (NYSE:PCG) and Boeing (NYSE:BA). A month ago, Netflix shares plunged in response to a quarterly earnings report that pointed to slowing subscriber growth.
- Bloomberg Video•yesterday
U.S. Is Approaching the End of Its Cycle, Says Mercer's Watson
Aug.17 -- Rupert Watson, head of asset allocation at Mercer, discusses the U.S. markets and his investment strategy for September. He speaks on "Bloomberg Markets: European Open."
- MarketWatch•13 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.
Associated Press•12 hours agoStocks jump as hopes rise for progress on China trade talks
Stocks rose late in the day Friday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported that the countries hope to have a resolution by November. The report came a day after China said it will send an envoy to Washington for the first talks between the countries since early June.
- InvestorPlace•2 days 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.
- CNBC Videos•yesterday
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.
- Fox Business•yesterday
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.
Business Insider•2 days agoWalmart's massive surge just added billions to the Walton family's wealth — here's how much you'd have made if you invested $1,000 back in the day
Walmart is surging after crushing earnings estimates Thursday morning, adding about $12 billion to the wealth of the Walton family. An investment of $1,000 at the start of 1980 would be worth over $1.9 million today. Walmart's stock price is surging after the company announced better-than-expected earnings results Thursday morning.
- TheStreet.com•19 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.
- CNBC•yesterday
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.
- Bloomberg•yesterday
Why Nvidia Shares Are Falling Post-Market
Bloomberg Intelligence's Anand Srinivasan examines Nvidia Corp.’s fiscal second-quarter earnings and revenue forecast. He speaks on "What'd You Miss?" More from Bloomberg.comAmazon in Running to Acquire Landmark Movie ChainStocks Surge on Walmart
- InvestorPlace•11 hours ago
Why Analysts Are Wrong About Ford Stock
Currently, it appears that one of the worst calls I’ve made here at InvestorPlace was telling you to buy Ford (NYSE:F). If you feel badly about it, I feel worse, because I did indeed buy Ford stock. Ford made a profit of $1.06 billion on those sales, enough to pay the 15-cent-per-share dividend with room to spare.
- TheStreet.com•19 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
- Bloomberg•18 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.
- InvestorPlace•14 hours ago
Alibaba: Betting on the Yuan
This is especially true when dealing with a Chinese company like Alibaba Group Holding (NASDAQ:BABA), which is due to report earnings on August 23 before the U.S. market opens. The on-again, off-again trade war with China has been driving Alibaba stock, as China has slowly lowered the value of the yuan against the dollar. Source: Shutterstock The Chinese currency was at 6.27 to the dollar in April. It’s currently at 6.88, having reversed its move toward seven after agreeing this week to hold trade talks with the U.S. Those talks will focus, not on the intellectual property issues that most concern the U.S., but on the yuan, which the U.S. now wants very much to go up.
- InvestorPlace•16 hours ago
Don’t Get Too Excited, Cisco Stock Still Has a Long Way to Go
Multi-faceted technology giant Cisco (NASDAQ:CSCO) recently reported fourth quarter numbers that were quite good and Cisco stock traded mildly higher on the news. It was a double beat quarter with a healthy guide, and featured the best revenue growth the company has seen in years, proof that Cisco’s top-line growth narrative is steadily improving thanks to increased traction in secular growth markets like cloud and cybersecurity. Specifically, higher component costs are outweighing higher product prices, and gross margins are dropping.
- InvestorPlace•2 days ago
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.
- TechCrunch•17 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.
- CNBC•20 hours ago
New retirees: Don't overlook this tax-planning sweet spot
While you're in a lower tax bracket, converting your traditional IRA or 401(k) to a Roth IRA can make sense if you have the cash to pay the taxes due on the conversion. A special opportunity to do some serious tax-planning awaits many people heading into retirement. This sweet spot is the stretch of time that starts after you're done with full-time work and before you begin taking required minimum distributions from your 401(k) account or traditional individual retirement account at age 70½.
