While the unemployment rate continues to decline under President Donald Trump, hitting 4.1%, the lowest since 2000, there are certain industries—and states—that continue to experience job losses.GoBankingRates analyzed data from the Bureau of Labor Statistics
An advantageous geographical location and liberalised trade in energy resources allow Australia to successfully compete for the most lucrative and promising liquefied natural gas (LNG) markets. Come 2020, Australia likely will be the world’s largest LNG supplier. Australia is the second-largest exporter of LNG, with Qatar topping the list.
Musk unveiled one flashy strategy for generating cash during the launch event Thursday for the Semi truck, surprising the audience with a prototype of a new generation of the Tesla Roadster. Musk promised the Roadster will be the fastest production car available. Musk did not offer details about how Tesla would generate additional funds to deliver the semi truck and the roadster, and overcome production problems that have hobbled production of the company's high-volume sedan, the Model 3.
Ultragenyx Pharmaceutical Inc. RARE announced that the FDA has approved its genetic disorder drug, vestronidase alfa or rhGUS, for treatment of children and adults with mucopolysaccharidosis VII (MPS VII, also known as Sly syndrome). Notably, mucopolysaccharidosis VII is a progressive and debilitating rare genetic disorder. In July 2016, the company announced positive top-line data from the study.
The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at overhauling U.S. tax law. U.S. Treasury yields edged lower, in line with declines in U.S. stock indexes and German 10-year bond yields, as risk appetite faded. The U.S. House of Representatives voted in favor of its version of a tax overhaul bill that would cut corporate taxes on Thursday.
All looked lost for Nelson Peltz and his epic battle for a board seat at Procter & Gamble (PG) . Initially, results issued last month by the iconic American packaged goods company showed that the activist investor had just under 50% of the vote. However, in a significant reversal, P&G conceded Wednesday that tabulations produced by IVS Associates, its independent inspector of elections, showed Peltz was "ahead" with a minuscule lead of 42,780 shares, or about 0.0016% of the total vote tally. The packaged goods company said that the results are still "preliminary" and subject to review," suggesting that it wasn't yet fully ready to concede defeat. However, the vote is so incredibly close that
A Dubai property developer managed to pull off the Middle East’s largest initial share offering this year, but only after it was almost derailed by the sweeping arrests in neighboring Saudi Arabia, where authorities say they’re rooting out corruption. Advisers to Emaar Properties PJSC scrambled to complete a $1.3 billion share offering in its United Arab Emirates development business after local investors reneged on hundreds of millions of dollars in demand on the last day of the sale, according to people familiar with the matter. The retreat was triggered by Saudi Arabia’s unexpected crackdown, they said. In the end, Emaar Development PJSC was able to pull off the listing within the original price range, with backing from some prominent regional investors as well as global funds, which accounted for about 40 percent of the sale.
Williams Partners L.P. WPZ declared that Transcontinental Gas Pipe Line Company, LLC (Transco) is looking for approval of the Gateway Expansion Project from the Federal Energy Regulatory Commission (“FERC”).With the expansion, Transco will be able to
We analyze the reports from GE and Wal-Mart this week; Christine Benz overhauls five investors' portfolios; Russ Kinnel suggests DIY screens; and Aron Szapiro talks tax reform.
Major defense contractors earned big contracts with work in Orlando, and all of them are hiring dozens — even hundreds — of local workers. Here's a breakdown: Northrop Grumman Corp: The Falls Church, Va.-based company won a $66.3 million contract with the U.S. Defense Logistics Agency on Nov. 16. Northrop Grumman Systems Corp. in Melbourne will deliver aircraft power amplifier modules, which is equipment used for ground and airborne communications. The contract has a Sept. 30, 2021, completion date. Northrop Grumman: The company's Melbourne unit landed another contract on Nov. 16, this one worth $15 million with the U.S. Defense Logistics Agency. The contract is to deliver aircraft high-voltage
Not long ago, shopping on Black Friday used to mean jammed highways and crowded malls. Online shopping has changed all of that. As the meaning of Black Friday has changed, so has the type of company that benefits most from the biggest shopping day of the year. In my opinion, Walmart (WMT) is the biggest retail story of 2017. When it became clear that the mega retailer had a plan to take on Amazon (AMZN) head-on, the online retail game changed. Here's why I love this company for Black Friday: Amazon can't compete with Walmart's bricks-and-mortar locations. That's right, Walmart will use the same factor that is crippling so many retailers as a weapon to beat the online retail giant. The key is
Wall Street pulled back from recent highs in the past week even as the Republicans' tax bill made progress in the House and retailers rallied on better-than-expected earnings. The Dow Jones Industrial Average fell 0.27% over the past week after having fallen three out of the past five sessions. The index closed with losses for the second week in a row. The Dow has not seen a back-to-back weekly decline since mid-August. The S&P 500 was also lower, but just barely. The index dropped 0.13% over the past five sessions, also its second week of losses in a row. The tech sector drove the Nasdaq to a weekly gain of 0.47%. The index also ended Thursday, Nov. 16, with an all-time closing high. A Great
The Bloomberg Businessweek list of best business schools for 2017 is out, and Harvard Business School tops the list for the third straight year. The Wharton School at the University of Pennsylvania and the MIT Sloan School of Management rose to the second and third spots, while Stanford dropped a bit. And one of this year’s biggest losers was George Washington University School of Business, which dropped 14 spots to No. 59. Here are the top 10 business schools of 2017, according to Bloomberg. Bloomberg Businessweek also broke down the ranking by factors including employers, alumni, current students, job placement and salary. Related read: The 10 best business schools for aspiring entrepreneurs
MarketWatch rounded up 10 of its most interesting topics over the past week. 1. Game-changer from Tesla Tesla Inc. CEO Elon Must previewed an electric semi truck that could haul up to 80,000 pounds, have a 500-mile range and could revolutionize the U.S. long-haul transportation industry. He also said a new version of the Tesla Roadster is on the way — one that can accelerate from 0 to 60 miles an hour in less than two seconds. Read on: 4 ways Tesla’s electric truck announcement could change our roads 2. Bad retail Target Corp.’s TGT, +5.52% third-quarter earnings were better than analysts had expected, but its shares still sank 10% on Wednesday and haven’t fully recovered. Tonya Garcia explains
Nov.17 -- Michael Zezas, Morgan Stanley managing director, discusses the GOP's tax overhaul plan with Bloomberg's Julia Chatterley and Scarlet Fu on "Bloomberg Markets."
Apple (AAPL) could go to $197 a share from the current $170 or so because the new iPhone X "is probably going to be a catalyst for much higher stock prices," TheStreet's markets columnist Stephen "Sarge" Guilfoyle says. "I think [there] is probably pent-up demand for the X," Guilfoyle told Jim Cramer during TheStreet's November Trading Strategies roundtable of top columnists and guests. Guilfoyle, a former New York Stock Exchange floor trader who writes TheStreet's daily Market Recon column, added that "the [real] reason to stay long Apple is the servicing of their ecosystem." The expert, who holds Apple in his personal portfolio, said tons of consumers are so tied into Apple's ecosystem of products
The Congressional tax overhaul could put a dent in home values in high-tax states and create looming credit risks for local governments. S&P Global Ratings said this week that the proposals to eliminate state and local tax deductions could be a direct blow to residents of high tax states because of the potential hit to property values. In turn, there could "be a credit impact from both the tax base reductions and resulting lower tax revenues" for local governments dependent on property taxes. Most affected are California, New York, and New Jersey, while states with lower taxes, like Florida and Texas, could see benefits, the S&P analysts said. The House approved its version of the tax bill Thursday,
Worried about the gigantic bitcoin mania? You should be. As the speculative online “currency” surged again Thursday to a fresh record above $7,800, valuing all the bitcoins in the world at an eye-watering $130 billion, a new survey revealed that most of the ordinary Americans playing the high-risk game have absolutely no idea what they are doing. Three-quarters of bitcoin BTCUSD, +0.30% holders could not identify a sound financial reason for investing, two-thirds said they hadn’t locked in a nickel of profits even as the price of the token rocketed skyward, and more than half said they didn’t worry about the technology security of their bitcoins — even though hundreds of millions of dollars
U.S. smartphone chipmaker Qualcomm is set to win “imminent” Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors and gain Europe’s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter said. Winning the green light from both competition authorities would take Qualcomm a major step forward to closing the deal and reinforce its fight against an unsolicited $103-billion takeover bid from Broadcom. The Japan Fair Trade Commission (JFTC) "is expected to clear Qualcomm’s acquisition of NXP imminently," the source said.
The two stocks that could be big winners from the tax reform bill 21 Hours Ago | 07:51 With the U.S. House of Representatives and Senate taking a few steps forward on tax reform this week, one strategist told CNBC he has identified the biggest winners from a GOP tax plan. According to Bill Stone, chief investment strategist at PNC Asset Management Group, not only will tax reform pass before 2018, but the repatriation clause of the bill, in particular, could be a huge boon for certain companies. The current tax plan would cut the tax rate on U.S. companies' overseas income. Stone believes that given the terms of repatriation as it currently stands in the tax bill, health care names like Pfizer
, especially those who are retired and are (or were) relying on the stock's 24-cent quarterly dividend to fund their living expenses, should not panic -- even though the stock is down 11% over the past five days. On Tuesday, John Flannery, the CEO of GE, announced plans to restructure the company and focus on healthcare, aviation and energy, and halve its quarterly dividend to 12 cents a share. "Investors liked GE because it was a stable company with a consistent rising dividend," said Peter Snow, director of investment research with NFP Corporate Benefits.
Retirement is right around the corner for baby boomers — if they haven’t already entered it — yet so many are financially unprepared. Baby boomers, or those born between 1946 and 1964, expect they’ll need $658,000 in their defined contribution plans by the time they retire, but the average in those employer-sponsored plans is $263,000, according to a survey of 900 investors by financial services firm Legg Mason. Older boomers, who are 65 to 74, have an average of $300,000. Their asset allocation for all of their investments are also conservative, according to QS Investors, an investment management firm Legg Mason acquired in 2014, with 30% in cash, 24% in equities, 22% in fixed income, 4% in
The global insurance industry is worth nearly $5 trillion, and insurance companies are at risk of losing a share of this valuable market to new entrants. Some are helping incumbents deliver better end products, while others are directly competing with legacy players.
General Electric Co.’s new Chief Executive John Flannery bought over $1 million worth of GE stock, after prices dipped to a near six-year low amid disappointment over his turnaround plan. The industrial conglomerate disclosed in a filing with the Securities and Exchange Commission Friday that Flannery bought 60,000 shares of GE stock GE, -0.22% on Nov. 15 at a price of $18.27, which implies a cost $1,096,200. That increased Flannery’s stake in the company to 683,026 shares, representing about 0.01% of the 8.67 billion shares outstanding as of Sept. 30. Flannery stepped in to buy after the stock plunged 12.6% in two days, the biggest two-day selloff in 8 1/2 years, after his plan to turn the company
The mighty Amazon.com has been a game-changer, a disrupter, an online retail pioneer that seems to be unstoppable. But old Wal-Mart Stores Inc. WMT, -2.16% has a few tricks up its sleeve. The Bentonville, Ark.-based company’s investments in its employees, its online offerings and delivery, and its stores are paying off in a major way. Investors in Seattle-based Amazon should pay attention. These charts tell an interesting story. This 10-year chart shows how well shares of Amazon.com Inc. AMZN, -0.65% have performed against those of Wal-Mart: And five years: And now a six-month chart, which reveals something has changed: Those six-month returns are through Nov. 15, before Wal-Mart released third-quarter