Many of us know the magic of investing money in the stock market—just letting it sit and watching it grow—but few of us really grasp just how powerfully enriching this can be. Not surprisingly, Warren Buffett, the world’s greatest investor, has a vivid example of this which he shared with me during a visit earlier this year at Berkshire Hathaway headquarters in Omaha. First, take yourself back, way back to America’s entry into World War II. Franklin Roosevelt was president and Buffett was a young boy.
Ford Motor Co. said Wednesday it will stop investing in sedans in North America, bowing to U.S. drivers’ seemingly never-ending zest for crossovers and pickup trucks. Ford F, +1.37% shifted focus on “building a winning portfolio” of vehicles, by which it meant no more of its slow-selling sedans at least for North America. U.S. drivers have gravitated to SUVs and pickup trucks for years, thanks in part to these vehicles’ relative fuel economy improvements and price drops. Many car buyers also report enjoying the high-riding seating position of an SUV or pickup truck. “Ford realized it can’t be everything to everyone, and in today’s market that could be OK,” said Jessica Caldwell, an analyst with
As General Electric weighs whether to break up the sprawling conglomerate after a year of financial woes, the former vice chairman of the 125-year-old company Bob Wright warned it would be a “fool’s errand” to do so. “It’s worth more whole,” Wright told FOX Business’ Stuart Varney during an interview on Wednesday. In recent decades, the conglomerate has relinquished control of many businesses, including NBCUniversal.
Qualcomm Inc's earnings call on Wednesday showed just how far the company is willing to go to preserve one of its core business practices of taking a cut of the selling price of phones. Qualcomm gave two indications on Wednesday it was prepared to accept lower revenue in exchange for maintaining the business structure and avoiding future customer disputes. On Wednesday, Qualcomm said it would cap the phone price that is the basis of the revenue calculation at $400.
Advanced Micro Devices, Inc. (NASDAQ:AMD) saw its shares soar after the company unveiled its latest quarterly earnings results. Advanced Micro Devices saw its revenue increase by 40% compared to the year-ago quarter, thanks in part to its Computing and Graphics Business Segment, which soared 95% year-over-year to $1.12 billion. The company’s Enterprise, Embedded and Semi-Custom segment declined 12% compared to the year-ago quarter to $532 million, due in part to its semi-custom revenue falling. “The first quarter was an outstanding start to 2018 with 40 percent year-over-year revenue growth,” said Lisa Su, AMD’s president and CEO, in a press release.
On Tuesday, Microsoft was valued at $714 billion, about $3 billion above Alphabet and Amazon. Microsoft had briefly ascended to No. 2 on April 12 and then again on April 16. On Tuesday, amid worries about higher U.S. Treasury yields and disappointing earnings by other companies that sent the S&P 500 down1.3%, Microsoft rose to No. 2 by virtue of its shares falling less--2.3%--than those of its rivals.
AT&T Inc. (NYSE:T) posted its latest quarterly earnings results after hours Wednesday, which missed analysts’ expectations. AT&T added 187,000 linear video subscribers during the period, while AT&T added 312,000 subscribers to its streaming service DirecTV Now. The company, which owns the satellite provider DirecTV, has been losing a slew of subscribers to its traditional television packages as more consumers are eliminating cable plans and opting for cheaper streaming services.
CNBC's Dominic Chu reports on Exxon Mobil hitting a session high after the company raises their dividend up 5 cents to 82 cents.
It will take months or years to tell if the tax cuts President Trump signed at the end of 2017 will boost economic growth or help create jobs, as intended. Congress’s Joint Committee on Taxation has published new estimates of the ways people will file their taxes for 2018, the first year most of the new tax provisions will be in effect. One of the most disruptive changes to the tax code is a new limit of $10,000 on the deductibility of state and local taxes, which used to be subject to no limit.
Ford announced it will not invest in new sedans in North America but will keep Mustang and a new crossover with the Focus nameplate. Ford reported first-quarter earnings after the markets closed on Wednesday and beat analysts expectations, with a profit of $0.43 per share and revenue of $42 billion. "We are committed to taking the appropriate actions to drive profitable growth and maximize the returns of our business over the long term," CEO Jim Hackett said in a statement.
3M Co (NYSE:MMM) investors certainly aren’t having fun, as shares fell 6.8% on Tuesday and sit just $9 above its 52-week low near $192. Ironically, 3M stock set that low on April 25, 2017. What’s got 3M down, anyway?
Here's a question: You've built up a massive nest egg at your job, and you're about to retire. What are your plans for your hard-earned savings? For nearly a third of workers, the answer is "I don't know." Those were the findings from a recent survey by the Employee Benefit Research Institute, a research group that focuses on health, savings and retirement. EBRI conducted an online poll of 2,042 adults in January. "In most cases, you would expect people to do a couple of things: You wouldn't use all of it to buy lifetime income and you'd want to keep some of it for emergencies," said Craig Copeland, a senior research associated at EBRI. "It's troubling that they can't recognize what they think
Disappointing guidance from key iPhone suppliers is raising worries about Apple shares and could signal the death of the technology-driven stock rally. Apple's stock is cumulatively down 7.1 percent in the three trading sessions through Monday, wiping out $63.9 billion of shareholder value. The decline was sparked by Taiwan Semiconductor Manufacturing's weaker-than-expected guidance Thursday morning. The world's largest semiconductor foundry and key Apple chip partner said its revenue forecast range for the second quarter is $7.8 billion to $7.9 billion versus the Wall Street estimate of $8.8 billion. The company blamed "weak demand" in the mobile sector for its forecast. "Heading into Apple's
Can Under Armour (mostly) deliver again off the field of play — and convincingly so, on the playing pitch of the UAA stock chart for a second time in a row? With the expectations bar set reasonably low and the Street forecasting a loss of 4 cents and sales of $1.1 billion, I personally like the long game in UAA stock. It has been nearly three weeks since last penning a bullish article on UAA stock at InvestorPlace.
Index funds can be a low-cost, low-risk way for investors, especially first-timers, to get into the market. But what exactly are they? You can think of an index fund as a basket of stocks with hundreds or thousands of different ones inside, explains Nick Holeman, a certified financial planner at Betterment. The S&P 500, for example, is a fund that holds stocks for the 500 largest companies in the U.S., which includes familiar names such as Apple, Google, Exxon and Johnson & Johnson. "It's the cheapest and easiest way to diversify your money that you're investing," Holeman says. Think of it this way: If every individual stock were a Lego brick, buying an index would be like getting a set of Legos
The U.S. Supreme Court upheld an administrative review system that has helped Google Inc., Apple Inc. and other companies invalidate hundreds of issued patents. The justices, voting 7-2, said Tuesday a U.S. Patent and Trademark Office review board that critics call a patent "death squad" wasn’t unconstitutionally wielding powers that belong to the courts. Silicon Valley companies have used the system as a less-expensive way to ward off demands for royalties, particularly from patent owners derided as "trolls" because they don’t use their patents to make products.
Ford Motor Co. is sharpening its knives to cleave another $11.5 billion from spending plans and cut several sedans, including the Fusion and Taurus, from its lineup to more quickly reach an elusive profit target. The automaker expects to save $25.5 billion by 2022, Chief Financial Officer Bob Shanks told reporters Wednesday as Ford reported first-quarter earnings per share and revenue that beat estimates. The company now anticipates reaching an 8 percent profit margin by 2020, two years ahead of schedule. The cuts are aimed at kick-starting a turnaround effort almost one year after Ford’s board ousted its chief executive officer. New CEO Jim Hackett has been trying to convince investors that
Stocks are getting smoked on Tuesday. Each of the major U.S. indexes was in the red, with the Dow seeing the biggest losses, falling 2.2%, or 550 points, while the S&P 500 was also down 1.7% and the Nasdaq was down 1.9%. The Dow was being dragged lower by shares of Caterpillar (CAT), down over 6% after having rallied earlier in the session following an earnings beat.
Iconic automaker Ford Motor Company (F) began 2018 with an earnings warning on Jan. 16. This warning was confirmed by a negative reaction to fourth quarter results released on Jan. 24. The company is set to report first quarter earnings after the close on April 25. Shares of Ford traded as high as $13.29 on Jan. 16 and declined 24% to the 2018 low of $10.14 on March 2. Ford closed Monday, April 23, at $11.04, down 10.6% year to date and deep in correction territory at 16.9% below the January high. Since the March low, the stock is up 8.9%. Analysts expect Ford to post earnings per share of 41 cents when the company reports first quarter earnings on Wednesday. Analysts expect year-over-year gains
ConocoPhillips said Wednesday that it won a $2 billion arbitration award against Venezuela's state oil company, compounding the financial woes of the socialist-run nation as it struggles to feed its population. The Houston-based company said in a statement that the ruling against PDVSA by an International Chamber of Commerce panel was final and binding. "ConocoPhillips will pursue enforcement and seek financial recovery of its award to the full extent of the law," the company said in a statement.
SANTA CLARA, Calif. (AP) _ ServiceNow Inc. (NOW) on Wednesday reported first-quarter net income of $10.6 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Santa Clara, California
Shares of Intel INTC dipped marginally during Wednesday morning trading hours as stocks battled to overcome fears about rising Treasury yields and range-bound indexes. Intel is also facing unique pressure from investors who are concerned that the semiconductor market is in store for a correction, so its first quarter fiscal 2018 earnings report will carry plenty of weight on Thursday afternoon. Intel is one of the largest semiconductor manufacturers in the world and serves as an important bellwether for the industry.
Ford Motor Co (F.N) on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping traditional sedan models in North America that have become increasingly unpopular with consumers. Ford Chief Executive Jim Hackett told investors the company is undergoing "a profound refocus" of its operations and may exit unprofitable businesses. "We're going to feed the healthy part of our business," and dispose of marginal operations, Hackett added.
Ford Motors Co. F just released its latest quarterly financial results, posting earnings of 43 cents per share and total revenues of $41.96 billion. Estimates have increased by a penny for the current year over the last two months, and the Zacks Consensus sits at $1.54 per share. The company saw revenues of $41.96 billion, also topping our consensus estimate of $37.05 billion and growing over 7% year-over-year.