Boeing Commercial Airplanes shook up the ranks of its senior airplane engineering leadership Tuesday amidst the growing 737 Max crisis. Internal Boeing communication obtained by the Business Journal show that Lynne Hopper has been named BCA vice president of engineering. Hopper replaces John Hamilton, who will now focus solely on his role as chief engineer at BCA "and will put his full attention into the accident investigations," Boeing's Chief Technology Officer and Lead Engineer Greg Hyslop said in an email to employees.
shares were indicated sharply lower in pre-market trading Wednesday after the global package delivery group cuts its full-year profit forecast for the second time in three months after posting weaker-than-expected third quarter earnings. FedEx said it expects earnings for its 2019 year, which ends in May, in the region of $15.10 to $15.90 per share, down from its December forecast of $15.50 to $16.60 per share and 7 cents shy of the consensus forecast. The Memphis-based group said challenges linked to its $4.8 billion acquisition of TNT Express, a key component of its international business, continues to weigh on profits, as will a broader global slowdown in trade and package demand.
Tim Armstrong will leave Verizon Communications with an awards and benefits package worth more than $60 million. The Wall Street Journal calculated the total amount based on a securities filing from last Monday by combining Armstrong's compensation in 2018, severance and a special incentive package he was given by Verizon when it acquired AOL in 2015. Armstrong was head of Oath (now called Verizon Media), which took a write down of $4.5 billion last year and laid off seven percent of its workforce as it struggled to compete with other digital media companies.
CNBC's Sara Eisen and Carl Quintanilla discuss Tuesday morning's market rally and the Fed with Brian Belski, chief investment strategist at BMO Capital Markets, and David Lebovitz, global market strategist at J.P. Morgan Asset Management.
For instance, the IRS examined 0.5 percent of all individual returns for the 2017 tax year. The examination rate increased to 0.8 percent for non-business filers reporting $200,000 to $999,999 in income, and 4.4 percent for individual returns with $1 million or more in income. Once you cross that $1 million income threshold, your tax return is more complex,” Allec says.
Legal marijuana is on the brink of explosive growth. For growers, it's not easy to produce high-grade marijuana. Until the U.S. government removes marijuana from its list of Schedule I drugs — the ones considered most dangerous, like heroin — most banks want no part of it.
The stock rallied 12 percent Tuesday as Google unveiled its video-game streaming service that will use AMD processors, even though analysts said the chipmaker's involvement was already known. AMD Chief Executive Officer Lisa Su said during a presentation at the CES trade show in January that its graphics processors would be used as part of Google's gaming project. “We are surprised by the stock price move as we believed this was a well known win,” RBC's Mitch Steves wrote in a research note after Google's presentation.
The key to living frugally, yet comfortably, in retirement is knowing the difference between frugal and cheap. Paying less for inferior quality is cheap. Frugal budgeting aims to achieve a cost-effective lifestyle in retirement that does not sacrifice comfort.
Amazon (AMZN) Past Decade Performance (Alpha): 2,360% (over 2,000%) Market Cap: $830 billion Perhaps the godfather of invincible stocks is e-commerce and cloud giant Amazon (NASDAQ:AMZN). There was a point in time where no one really knew if the Amazon e-commerce business model was going to work. That point in time was long ago.
San Francisco, CA Median home value: $1,104,100 Salary needed to afford home payments: $172,153 Salary needed to afford home payments with $500 in monthly debt payments: $188,819 Salary needed to afford home payments with $750 in monthly debt payments: $197,153 Salary needed to afford home payments with $1,000 in monthly debt payments: $205,486 2. San Jose, CA Median home value: $854,700 Salary needed to afford home payments: $137,304 Salary needed to afford home payments with $500 in monthly debt payments: $153,971 Salary needed to afford home payments with $750 in monthly debt payments: $162,304 Salary needed to afford home payments with $1,000 in monthly debt payments: $170,637 3.
Many Americans are hoping they will be the lucky recipient of the $550 million Powerball prize – though the actual amount a winner would take home will be much less than the headline jackpot number. An individual with a winning ticket is faced with two options – either take the money in the form of a lump sum or an annuity payment – which would be paid out over the course of about 30 years. In the case of the annuity payment – the less common option – a winner would receive one immediate payment and 29 consecutive ones.
Heading into today, shares of the U.S. bank had gained 2.58% over the past month, outpacing the Finance sector's gain of 1.53% and the S&P 500's gain of 2.24% in that time. Investors will be hoping for strength from C as it approaches its next earnings release, which is expected to be April 15, 2019. On that day, C is projected to report earnings of $1.81 per share, which would represent year-over-year growth of 7.74%.
Shares of Aerpio Pharmaceuticals Inc. dropped more than 70 percent today after the company disclosed the results of a clinical trial. The Blue Ash-based firm (NasdaqCM: ARPO) said the clinical trial was designed to assess the efficacy and safety of Aerpio's lead candidate, AKB-9778, for patients with moderate to severe non-proliferative diabetic retinopathy. AKB-9778 is being developed as a subcutaneous injection for the treatment of DR, which is a complication of diabetes caused by damage to blood vessels in the retina. Administration of AKB-9778 twice daily did not meet the study's primary endpoint of the percentage of patients with an improvement of two or more steps in the study eye diabetic retinopathy severity score compared to placebo, Aerpio disclosed before the stock market opened this morning.
Warren Buffett, the founder of Berkshire Hathaway (BRK-A, BRK-B), says this helps to explain problems at Kraft Heinz (KHC). Last month, the company posted a surprise net loss due to a massive $15.4 billion non-cash impairment charge mostly tied to the Kraft and Oscar Mayer brands. Since that time, shares of Kraft Heinz, which Berkshire holds, have fallen nearly 34% and were last trading near an all-time low.
When Amazon (NASDAQ:AMZN) bought Whole Foods Market about a year ago, the major grocery chains shuttered in disbelief and their stocks retreated. After all, when AMZN sets its sights on you, the results are usually not too good. Source: Shutterstock And over the last year or so, many grocery chains have had to fight hard to keep their sales growing as their margins continue to collapse. Rumors and news have begun to swirl that Amazon is working not only on opening more physical grocery stores to serve as delivery bases, but that it's also working hard on entering one of the most profitable niches for grocery stores: health and beauty products.
Cloud stocks are divided into three categories: the cloud owners, the cloud arms merchants, and the cloud users. The five Cloud Czars — Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Amazon.Com (NASDAQ:AMZN) and Facebook (NASDAQ:FB) — all built clouds with cash flow from existing businesses. Apple and Facebook still run this way.
Moreover, ongoing cloud-based momentum bodes well for the company's top line. Recently, Things Remembered opted for Oracle Customer Experience (“CX”) Cloud suite's Commerce Cloud solution to enhance business, resulting in a new customer win for Oracle. The company's focus on strengthening the comprehensive cloud-based SaaS application suites for its CX cloud offering is anticipated to drive adoption, in turn favoring the top line.
CNBC'S Leslie Picker reports on Lyft's amended filing to become a publicly traded company on the Nasdaq.
At that time, the Fed ended its interest-rate hiking cycle and cut the federal funds rate with no ensuing recession. By my count, the other 12 times the central bank restricted credit in the post-World War II era, a recession resulted. It's also possible that the current economic softening is temporary, but a revival would bring more Fed restraint.
Undoubtedly, the Roth IRA has some strong advantages over the traditional IRA: The Roth offers tax-free withdrawal of contributions and earnings upon you reaching retirement age, and it has no required minimum distribution (RMD) when you hit age 70½. At one point, there were restrictions on conversions, but in 2010 Congress eliminated the $100,000 income limit on Roth IRA conversions. This allows traditional IRA owners in all tax brackets to convert their accounts.
Aeterna Zentaris (AEZS) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
The Wednesday Market Minute Global stocks weaker ahead of today's Fed rate decision, with sentiment clouded by reports of tension in U.S.-China trade talks and a profit warning from Federal Express. European stocks slip from late-September highs, with Germany's trade-sensitive DAX leading decliners, amid reports of China pushing back on key issues in talks with Washington. Global oil prices were little-changed, with support coming from API data showing a surprise 2.15 million drawdown in domestic crude stocks and yesterday's move from OPEC to scrap its April meeting, raising the prospect of extending production cuts into the second half of the year.
It's only a matter of time until the bearish bet pays off big, according to Crescat Capital LLC. While the Denver-based firm has only about $50 million under management, it has a history of outperforming the S&P 500 Index -- with its Global Macro Fund returning 41 percent last year alone. The consensus is pointing to a recession in 2020 or 2021, Tavi Costa, a global macro analyst at Crescat, said by phone. Going long gold in yuan terms and shorting global equities currently explains three-quarters of the hedge fund's strategy.
Financial Stocks to Invest In Today Now over $25, AMD is hurdling a key level and the stock isn't even overbought yet. Traders who were long coming into the day should trail up their stop-losses. Prospective buyers should watch AMD Wednesday morning.