Chinese search engine operator Baidu Inc beat market estimates for fourth-quarter revenue and profit on Thursday, as its core online marketing business stayed resilient and revenue surged in its Netflix-like streaming service iQiyi. Baidu is betting its focus on streaming and new areas such as artificial intelligence (AI) will boost revenue and offset lower ad sales from real estate, finance and other sectors impacted by China's economic slowdown. The company, which is trying to cut its dependence on its core search business, spent heavily on content for iQiyi and promotions to attract new customers last year as its online ad business showed signs of pressure.
Yahoo Finance had a special visitor this week: the IRS National Taxpayer Advocate Nina Olson, who came by to give us a look behind the scenes at the IRS and shed light on some of the biggest problems facing filers today. The IRS's Dirty Dozen calls out the worst of the worst tax scams, and Olson warns that fraudsters are getting more sophisticated in their attempts to steal tax refunds and identities. Olson cautions taxpayers to beware of people pretending to be the IRS, giving out fake badge numbers, hacking caller IDs to say it's the IRS calling you, and even attempting to defraud the hearing and speech impaired through a video relay service.
Investors focused on the Transportation space have likely heard of Spirit Airlines (SAVE), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of SAVE and the rest of the Transportation group's stocks. Spirit Airlines is one of 149 individual stocks in the Transportation sector.
Other featured articles offer looks at a health care stock hurt by overblown worries and a bargain among sin stocks. The Cold War in Tech" by Reshma Kapadia, suggests that the battle for tech supremacy between the United States and China shows little sign of abating. In "WellCare Poised to Ride Surging Medicare and Medicaid Spending," Lawrence C. Strauss shows how WellCare Health Plans, Inc. (NYSE: WCG) has been hurt by overblown worries about its swift growth, earnings outlook and more.
You may buy a $50 stock with a 2% dividend, but if that dividend then doubles over the course of several years, and the stock price doubles as well, the effective yield on that $50 investment becomes 4%. Nadella's Microsoft avoids the media spotlight, it talks softly but carries the big technology stick.
Wall Street expects a year-over-year increase in earnings on higher revenues when Koppers (KOP) reports results for the quarter ended December 2018. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on March 1. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Gold prices rebounded on Friday, after dropping sharply on Thursday. Profit taking began on Wednesday, and prices eased during the latter part of the week. The dollar remains stable, despite rebounding yields.
The Trump administration this week moved forward a proposal to end an Obama-era work authorization program for the spouses of H-1B visa holders — a move that would largely impact Indian women living and working in Silicon Valley. The Department of Homeland Security on Wednesday delivered a report to the White House outlining how the rollback would work, and what its impacts might be. The White House is expected to gather additional input from other government agencies before gathering public comments.
Warren Buffett, the chairman and CEO of Berkshire Hathaway, is perhaps one of the most famous and celebrated investors of all time. Although he's not expected to have made any big stock buys this year, Buffett is known for value investing -- buying shares for quality businesses that he believes have reasonable value and a potential for large growth. Apple: Buffett is the second-largest holder of Apple shares with a stake of 250 million shares, or about 5 percent, worth close to $57 billion.
CNBC's Leslie Picker reports on the latest SEC filing from Warren Buffett's Berkshire Hathaway, detailing the stocks it bought and sold during the fourth quarter of 2018. There are some surprises.
A recent study has revealed for the first time the 10 biggest causes of financial regret among those who have retired or are near to retirement. The information may help those who are currently working and saving, by giving them more ability to plan their finances and prepare. A survey of “Saving Regret” targeted 1,600 Americans aged 60 to 79 to ask them about whether they had saved enough money — and if not, why not.
American Express Co. AXP is consistently investing in technology to stay abreast with the rapid technological changes taking place in the payments industry. Also, the company inked partnership deals with Amazon and PayPal. The company is ramping up its international business in many ways, led by the OptBlue program, which is increasing merchant acceptance globally.
You may want to make “dinner and a movie” just “a movie. Prices at full-service restaurants – eateries with waitstaff, unlike fast-food joints – are on the rise, according to the U.S. Department of Labor. Experts point to restaurants' increased expenses – like labor, rent and insurance – as the reason they're charging customers more.
Former BlackRock managing director Morris Pearl discusses Rep. Alexandria Ocasio-Cortez's tax plan and says that high-income earners need to pay their “fair share” of taxes.
Before “retirement,” many members of the FIRE movement are working full time jobs — often lucrative ones — but they leave all that behind in order to live off their savings for decades. And it doesn't always work out that way. Mr. Money Mustache is largely credited with popularizing the idea of “early retirement” and encouraging others to spend less in order to work less, too.
There's no doubt that Artificial Intelligence is changing the workforce. Four in five business leaders in Asia Pacific believe the burgeoning technology will transform the way their firms operate within the next three years, according to a new report from Microsoft and the International Data Corporation . And yet, there's disconnect among the workforce.
While the Berkshire Hathaway Inc. chief executive officer said he's still happy in his job, his eventual exit will prompt questions on whether to break up the company and how to utilize what will probably still be a large cash pile. Over more than five decades, Buffett has taken Berkshire Hathaway from a struggling textile company to a sprawling business empire across the insurance, railway, manufacturing, and energy industries. “Those letters, in aggregate over the last 10, 20 years, have a lot of value to guide the board and guide the successors,” said James Armstrong, who manages about $750 million including Berkshire shares as president of Henry H. Armstrong Associates.
It has been about a month since the last earnings report for United Rentals (URI). Will the recent positive trend continue leading up to its next earnings release, or is United Rentals due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
The Chinese economy continues to grow faster than almost any other country in the world — at an annual pace of roughly 6%. The middle class is expanding by millions each year, and that has led to a Chinese consumer who is spending instead of saving for the first time ever. Add in the trade issues with the United States and Chinese stocks fell into a deep bear market last year.
In our series My 6-Figure Paycheck, women making more than $100,000 open up about how they got there and what exactly they do. We take a closer look at what it feels like to be a woman making six figures — when only 5% of American women make that much, according to the U.S. Census — w ith the hope it will give women insight into how to better navigate their own career and salary trajectories. Job: Head of Lifecycle Marketing, Internet & Technology Age: 33 Location: San Francisco, CA Degree: Bachelor of Arts, Sociology & English First Salary: $55,000 Current Salary: $145,000 As a kid, what did you want to be when you grew up?
Buffett's Berkshire Hathaway owns nearly 27% of Kraft Heinz common shares, a stake of 325.6 million shares. In his widely-read annual letter released on Saturday, Buffett said Berkshire took “a $3.0 billion non-cash loss from an impairment of intangible assets (arising almost entirely from our equity interest in Kraft Heinz). Buffett didn't delve into much detail on the Kraft Heinz investment other than noting at the end of 2018, the holding “had a market value of $14 billion and a cost basis of $9.8 billion.
Kraft Heinz Co shares fell to a record low on Friday a day after the food company disclosed a $15 billion write-down on its marquee brands, raising concern that years of rigorous cost cutting have eroded the value of its Kraft cheeses and Oscar Mayer deli meats. Kraft's revenue growth has stagnated in the years since it merged with Heinz as consumers shun older, established brands for newer products, cheaper private label brands and non-processed and organic food. The shares fell as much 28 percent to a low of $34.51, wiping $17 billion off the company's market value.
The Kraft Heinz Co. is all over the news this morning with its dismal earnings report and its sharp dividend cut. Even this technical analyst can see that this is bearish news and not likely to get better any time soon. Sell side fundamental analysts are busy working this morning thinking of ways to say that the stock is undervalued and still a hold but that is their hangup.
They are first up on our top stock trades list. Roku (ROKU) Just this morning we recapped the blowout earnings results from Roku (NASDAQ:ROKU). I never understood why people were tossing this stock out below $40 (and later, below $30 in December) after a beat-and-raise quarter in November.
Warren Buffett's annual letter to Berkshire Hathaway's (BRK-A, BRK-B) shareholders is out, and it's rich with insights from the greatest investor of all time. In it, Buffett warns of the overpriced market for acquisitions and why he's opting to increase the size of Berkshire's equity portfolio; he defends stock buybacks; he acknowledges the massive write-down from Kraft Heinz; and he addresses government debt and deficits while also taking a jab at gold-touting doomsayers. The letter accompanied news that Berkshire Hathaway booked a $25 billion loss in Q4, an unusual blemish largely driven by paper losses on stock holdings during a period of unusual market volatility.