Exxon Mobil is suing the U.S. government after it fined the oil giant $2 million for a joint venture with Russia. Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Justine Underhill discuss if Tillerson will have to be part of court proceedings.Read More »
The latest effort by Republicans in the Senate to overhaul the US healthcare system could have an unexpected effect on deductibles (the money you pay before insurance kicks in): they could get so high they're actually more than the poorest Americans earn. The CBO estimates that by 2026 the second-lowest-priced plans (the silver plans, in the Obamacare marketplace) would have $13,000 deductibles. Under the Affordable Care Act currently, a deductible for the same plan would be $5,000 in 2026.
The run-up in tech stocks has fueled the overall market to all-time highs this year. The so-called “FANG” stocks—Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Alphabet (GOOGL)—have burned short investors, according to data from financial analytics firm S3. Year-to-date, Facebook short-sellers have lost $948 million, Amazon short-sellers have lost $1.5 billion, Netflix short-sellers have lost $1.6 billion, and Alphabet short-sellers have lost $1.1 billion.
Is Frontier Communications (FTR) near a turning point? Jefferies analyst Scott Goldman, Mike McCormack and Marah Formanek weighed in on the beleaguered telecom stock after it jumped more than 4% in Thursday’s market action to close at a split adjusted d price of $14.91.