No matter what your main financial goal is — a house , early retirement or just getting out of debt — odds are you'd like to boost your income. As Suze Orman , financial expert and former CNBC host, told the audience at the 2017 eMerge Americas conference, "The biggest problem is when you do make it big and you don't know what to do with your money. Because then, what happens is some financial advisor is going to come by and give you a slick presentation , they're going to give you an elevator speech and a pitch, and you're going to take it.
A disgruntled Tesla Inc. employee broke into the company’s manufacturing operating system and sent highly sensitive data to unknown third parties, according to an email Elon Musk sent to staff. The worker, who had been denied a promotion, did “quite extensive and damaging sabotage” to Tesla’s operations, Musk wrote in the memo late Sunday, which was reported in full by CNBC. Tesla is conducting an in-depth investigation into the matter, including whether the employee was acting alone, with others at the company or with any outside organizations, Musk wrote.
Advanced Micro Devices AMD saw its stock price pop over 5% on Monday to hit a new 11-year high on the back of positive analyst sentiment, which also pointed directly to its ability to compete against chip giant Intel INTC. “Along with recent announcements of new server deals with Cisco CSCO/Tencent TCEHY and the crystallization of our 7nm AMD versus 10nm Intel thesis, we are increasingly confident in upside to AMD shares," analyst Matthew Ramsay wrote in a note to clients last Thursday. Ramsay believes that AMD’s transition to its brand new 7nm AMD Radeon Vega GPU products, which are set to launch at some point in 2018, will be hugely beneficial.
Kraft Heinz Co. is hungry for a big deal, but can it stomach a fight? "Based on how quickly they walked away from Unilever last year," Morningstar analyst Erin Lash told TheStreet on Monday, June 18, "they don't seem to want to be involved in a hostile
With a stock market that's been picking up steam for quite some time, finding reasonable places to invest is challenging. Moreno has several picks he feels are ready to move higher, starting with United States Steel Corp. The steelmaker's stock has been trading sideways despite President Trump's imposition of steel tariffs on imports.
Dow Jones futures fell early Monday, along with S&P 500 futures and Nasdaq futures as Asian markets and crude futures retreated. Five notable chip stocks are near buy points: Micron Technology (MU), Texas Instruments (TXN), Broadcom (AVGO), ASML (ASML
In an effort to attract customers, American Express Co. AXP has launched a new credit card named, American Express Cash Magnet Card. Other benefits on the card include a complimentary ShopRunner membership and Amex Offers rewarding Card Members at places they like to shop, travel and dine. This effort by American Express reflects its strategy to lure new customers and retain the existing base in the persistently highly competitive credit card industry.
A recent revelation in business is that subscription models are a gold standard for making money. A subscription service locks consumers in to pay some amount every month and/or every year. Thus, subscription revenues are annually recurring, meaning they don’t have much volatility because they happen every year.
The Financial Industry Regulatory Authority Foundation estimate s nearly two-thirds of Americans c a n't pass a basic financial literacy test. Schools aren't instilling financial literacy along with ABCs and the three R's, but parents can educate kids about money.
Beijing-based Sogou Inc (NYSE:SOGO) has seemingly moved straight up in June. Since the beginning of the month, the Chinese internet search company has risen more than 35%. With impressive growth, healthy financials, and a relatively small size, investors might find themselves wanting to climb aboard the SOGO stock train.
The majority of America's biggest banks are expected to pay shareholders more than they earn for the first time since the 2008 financial crisis, despite this year's tougher stress test, and the likes of JPMorgan Chase (JPM), Bank of America (BAC) and Wells Fargo (WFC) are leading the charge. The Federal Reserve will report Dodd-Frank stress-test results on Thursday, showing which banks' capital holdings passed or failed regulators' scenarios of economic downturns. The following Thursday, June 28, the Fed will release the results of its Comprehensive Capital Analysis and Review, which determines how much capital the banks are allowed to return to shareholders.
Valeant Pharmaceuticals International Inc.’s rebound from this year’s low in March was stopped in its tracks after U.S. regulators rejected its application for a plaque psoriasis lotion, Duobrii, that management saw as the first of many new drugs to hit the market in the next few years. Trading volume was more than 1.5 times the full-day average of the past three months as investors retreated even after the company pointed out that the Food and Drug Administration’s ruling was related to its pharmacokinetic data and said management is working to “resolve this matter expeditiously” and has already requested a meeting with regulators. Wells Fargo analyst David Maris warned that an approval may be delayed by six to nine months depending on Valeant’s need to generate additional data.
JP Morgan is out with a bullish note on Micron Technology, Inc. (NASDAQ:MU) in which the Wall Street firm not only reiterated its Overweight rating and $82 price target on Micron stock, but also recommended buying shares ahead of the company’s next earnings report. JP Morgan expects the numbers to be quite good given improving fundamentals in the memory market, driven primarily by robust cloud data center spend.
Shares of Wall Street superstar Micron MU opened slightly lower on Monday, just two days before the company is set to release its third-quarter fiscal 2018 financial results. J.P. Morgan JPM analysts reiterated their overweight rating for Micron stock on Monday, pointing directly to strong demand for memory in the cloud computing market. The banking power’s Micron update comes just a few weeks after Micron announced that it is set to produce and ship the “industry's first 4bits/cell 3D NAND technology” along with Intel INTC.
Jun.18 -- Audi CEO Rupert Stadler was taken into custody in Munich as part of the diesel-cheating scandal impacting the automaker and parent company Volkswagen. Bloomberg's Elizabeth Behrmann reports on "Bloomberg Daybreak: Americas."
2018 is just about over, in the minds of some investors. "We expect investors will soon look past 2018 and focus on 2019 growth," says Goldman Sachs strategist David Kostin. "For many years, beginning in July investors would start to value stocks
Oil prices are heading southward on global supply glut. OPEC countries are planning to raise production levels shortly that could disrupt the supply-demand balance. In fact, concerns about increased output amplified due to Chinese tariffs on energy imports from the United States.
Semiconductor manufacturers have enjoyed rapid sales growth and soaring stock prices, but the good times are threatened by the mounting trade war between the U.S. and China. In particular, most chips imported to the U.S. from China are actually designed by U.S.-based companies that outsource production there, or use Chinese firms for final assembly and testing, as reported by The Wall Street Journal. Tariffs on imports from China, as well as restrictions on transfers of technology to China, are likely to hit these U.S.-based semiconductor companies hard: Intel Corp. ( INTC), Qualcomm Inc. ( QCOM), Texas Instruments Inc. ( TXN), Applied Materials Inc. ( AMAT) and Lam Research Corp. ( LRCX).
Big Pharma is struggling to keep up with the rest of the market this year as tepid revenue, growth, the expiration of key patents, and the likelihood of the government imposing tighter cost controls hold back its performance prospects. Earlier this month, while the broader S&P 500 was yielding just 2%, the dividend yield on the big drug companies in the index was nearly a full percentage point higher at 2.9%.
Investors and financial planners both suggest that dividend stocks can be a great source of income for those looking to supplement their retirement savings. The blue-chip stock's staying power and brand recognition should be viewed favorably by retiree investors, says Robert Johnson, principal at the Fed Policy Investment Research Group. Demand for Johnson & Johnson's products remains fairly consistent, providing a more stable investment in the event of a stock market decline, Johnson thinks.
Evercore ISI analyst C.J. Muse raised his price target on Micron Technology Inc. shares to $100 from $80, ahead of the company's Wednesday afternoon earnings report. "While Micron's stock is up a solid ~90% over the last year, we note EPS has actually grown by ~130% meaning Micron's very low multiple has continued to compress - a clear signal of cyclical concerns," Muse wrote in a Saturday note. Micron's stock is down 0.5% in Monday trading but up 41% so far this year.
Following months of negotiations, the United States and China are again on the brink of an all-out trade war. The United States has targeted a flurry of Chinese goods, while China has vowed to respond with tariffs of its own, which could hurt U.S. businesses. The White House will impose a 25% tariff on $50 billion Chinese imports, which has increased the chances of a confrontation with China over trade.. The United States has decided to penalize China for stealing American technology and of course trade secrets.
Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) stock is the Taj Mahal of company stocks, long known for its sky-high Class A share price and for its iconic -- and refreshingly unassuming -- chairman, president and CEO, Warren Buffett. The Omaha, Nebraska-based company operates in the financial services sector (particularly insurance) and also operates in the freight transportation, real estate brokerage, energy, utility and diversified manufacturing sectors. The company, founded in 1889, boasts 377,000 employees, and many staffers are likely wondering what a post-Buffett Berkshire Hathaway would look like.
Tesla CEO Elon Musk is taunting those betting against the company's stock. Follow Tesla's stock price in real-time here. Tesla CEO Elon Musk was taunting short-sellers, or those betting the company's stock price will go down, once again over the weekend.