Housing affordability hit its worst level in nearly a decade during the first quarter, according to Attom Data Solutions. Attom measures affordability by comparing average wages to median home prices to determine the share of income people need to spend on housing. Prospective buyers needed to shell out more because mortgage rates rose.
Intel CEO Brian Krzanich resigned after the company learned of what it called his consensual relationship with an employee. Intel said Thursday that the relationship was in violation of the company's non-fraternization policy, which applies to all managers. The company did not give more details on what happened and a representative did not immediately return a message for comment on Thursday.
If you start saving in a Roth IRA at age 15 rather than 25, you can double your savings by retirement with no extra work. "Individual retirement accounts, known as IRAs, are super smart places to put your money. Kobliner says young people should be taking advantage of Roth IRAs, because any earned income stored there will be taxed today rather than at withdrawal, when they're more than likely to be in a higher tax bracket.
AT&T this morning announced the launch of a second TV streaming service, called WatchTV, days after its merger with Time Warner. The lower-cost alternative to AT&T's DirecTV Now will offer anyone the ability to join WatchTV for only $15 per month, but the service will also be bundled into AT&T wireless plans.
Commerce Secretary Wilbur Ross bet against the stock of a shipping firm just days after The New York Times contacted him about the company's links to the Kremlin, Forbes reported. In October, the Times emailed Ross questions about his investments in Navigator Holdings, a mover of liquefied gases whose major clients included a Russian energy company.
Marijuana stocks are surging after Canada became the second country in the world to legalize the drug. The Canadian Marijuana Index was up 3.34% as of 10:45 a.m. Marijuana stocks surged Wednesday morning after Canada legalized the drug.
Amazon dropped as much as 1.9 percent, before paring losses to trade down 1 percent. "Traders are very reactionary to Supreme Court news that could impact the balance sheet of online retailers," said Andrew Thrasher, portfolio manager with Financial Enhancement Group LLC in Indianapolis, Indiana. Another big drag was Intel, which retreated 2.4 percent after Chief Executive Officer Brian Krzanich resigned following a probe that revealed a past consensual relationship with an employee violated company policy.
Jun.21 -- Intel Corp. removed Brian Krzanich as chief executive officer after learning of a previous consensual relationship with an employee. Chief Financial Officer Robert Swan has been named interim CEO. Bloomberg Intelligence's Anand Srinivasan reports on "Bloomberg Markets: The Open."
AMC Theatres, the world's largest movie theater chain, on Wednesday unveiled a $20-a-month subscription service to rival the flagging MoviePass. The theater chain announced a new service to its loyalty program, AMC Stubs, allowing subscribers to see up to three movies a week for a monthly fee of $19.95. The new subscription service is the latest salvo in a heated battle for what the movie business most craves: frequent moviegoers.
Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. One such company that might be well-positioned for future earnings growth is Canada Goose Holdings Inc. GOOS.
Here we used TipRanks' stock screener to pinpoint the most compelling stocks right now. The Street is buzzing about Neurocrine's Ingrezza drug, the first FDA-approved treatment for adults with tardive dyskinesia. On its first quarter earnings call, Neurocrine updated the Street with respect to ongoing market penetration for Ingrezza.
"An ongoing investigation by internal and external counsel has confirmed a violation of Intel's non-fraternization policy, which applies to all managers," Intel said in a statement. The board named Chief Financial Officer Robert Swan as interim CEO and said it has begun a search for a permanent CEO, including internal and external candidates.
IQ stock churned in the low $20’s and abruptly took off, climbing north of $30 almost instantly, then $40. IQ may not be profitable like HUYA and SOGO, but given its stellar subscriber growth, it’s no wonder investors are excited.
FANG stocks hit an all-time high. Should investors fade it or trade it? With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Karen Finerman, Dan Nathan and Guy Adami.
Activist investor Nelson Peltz said "you could" break up Procter & Gamble at our sister publication The Deal's corporate governance conference, but he's hoping the packaged goods giant won't have to be split apart. Peltz, who leads insurgent fund Trian Fund Management LLC, scored a seat on the P&G board in December, a position that was offered to him via settlement after he ran the largest director-election battle in the history of proxy fights, when weighed by the packaged goods company's whopping $177.5 billion market capitalization. "You could [break it up]," Peltz said at The Deal's 2018 Corporate Governance Conference.
To understand why, look at what happened to IBM (IBM) in 1939, when it was kicked out of the Dow. Norman Fosback, the erstwhile head of the Institute for Economic Research, reported in his investment textbook “Stock Market Logic” that “the DJIA would today be more than twice its currently quoted level” had IBM not been kept out of the Average for those four decades — meaning the Dow currently would be at around 50,000. One measure of this comes from an analysis of the two dozen stocks that have been added or deleted from the Dow since 2000.
The fundamental case for owning JPMorgan Chase is healthy enough. The rally in question now got started back in early 2016 with a push off from support at $50.00, although it’s unlikely the stock will revisit that low.
Warren Buffett, the chief executive of Berkshire Hathaway Inc. , has long been lauded as one of the greatest value investors of this lifetime. That makes his picks for Berkshire a solid pick for a retirement fund with a few years to grow. His preferences
Filling your mind with pleasing images of retirement — what you’ll do, where you’ll reside — can divert attention from the daily grind. Counting the days until retirement gets easier if you’re used to priming your brain to work to your advantage. Joanne Waldman is director of training at Retirement Options, which certifies retirement coaches and offers retirement readiness assessments.
Trading well below their one-year highs, big biotech stocks look set for a rebound as their fundamentals are showing signs of improvement. More stable product pricing environments, earnings improvement and successful new drug trials, are just a few of the factors that could lead to a biotech rally in the second half of the year, with firms like Gilead Sciences Inc. ( GILD), Alexion Pharmaceuticals Inc. ( ALXN) and Vertex Pharmaceuticals Inc. ( VRTX) leading the charge. Oppenheimer analyst Hartaj Singh sees a much more stable pricing environment for the company’s hepatitis C treatments, as well as increasing investor interest in Gilead’s nascent immunology and non-alcoholic steatohepatitis franchises.
Wall Street analysts adjusted their price targets on two big-name chipmakers Wednesday as Advanced Micro Devices received a hike and Intel got a cut. Morgan Stanley raised its price target on AMD to 11 from 8, but reiterated its underweight rating. AMD stock broke out of a 44-week consolidation period at a buy point of 15.75 on June 7.
Having a comprehensive, integrated and personalized retirement income plan is key for retirees and pre-retirees. Today’s retirees need to look at all available resources they may have available to them in their household balance sheet, which includes not only maximizing assets but also reducing liabilities. Many retirees overlook simple solutions to create and protect retirement income because they follow the herd instead of getting individual recommendations from a retirement planning expert.
I scoffed at Spotify Technology when it went public in early April. I only bought the shares when the stock revisited it's previous lows in early May when TheStreet's founder Jim Cramer mentioned in passing how much he liked the service. I tried the
After years where it husbanded resources in favor of paying dividends, AT&T (NYSE:T) was finally able to break out of its telecom box this week and buy Time Warner, now renamed WarnerMedia. CEO Randall Stephenson talks a good game, of reinventing AT&T for the cloud era. AT&T has spent the last two decades missing the biggest opportunity of the century.
It's something we have heard every step of the way from when John Flannery replaced Jeff Immelt in August of last year when the stock as at $25. It became like asking how were the accommodations and the food on the Titanic.