2018 is just about over, in the minds of some investors. "We expect investors will soon look past 2018 and focus on 2019 growth," says Goldman Sachs strategist David Kostin. "For many years, beginning in July investors would start to value stocks
Germany brushed aside U.S. concerns about a major natural gas pipeline that will deliver Russian gas to Europe, suggesting President Donald Trump’s administration appears to be protecting its own interests. German Economy Minister Peter Altmaier defended the planned Nord Stream 2 pipeline as Chancellor Angela Merkel meets President Vladimir Putin in Russia. Yesterday, the U.S. warned it may impose sanctions to prevent Russia’s gas export monopoly Gazprom PJSC from completing the Nord Stream 2 link under the Baltic Sea.
Last April, I pondered whether Ford Motor Company (NYSE:F) could afford to buy Tesla Inc (NASDAQ:TSLA). For the sake of Ford stock, here’s why I think Ford absolutely should buy Tesla. First, I should probably revisit some of my thoughts regarding the viability of Ford buying Tesla and what’s changed over 13 months.
Financial advisor Ted Jenkin, CEO of Oxygen Financial, discusses what consumers need to think about as the Federal Reserve raises interest rates this year.
The CBS news magazine 60 Minutes will lead its show Sunday with a segment on “The Power of Google,” and promises to talk to the company’s critics, who say it stifles competition, as well as the European Union’s antitrust chief. Shares in Google’s parent company, Alphabet Inc., dipped about 1.7 percent in early trading Friday after the news was announced. Google, along with other U.S. tech giants like Facebook Inc., Apple Inc. and Amazon.com Inc., have come under scrutiny in recent months for becoming too big, and too dominant in many aspects of people’s daily lives.
"Alexa, order me my Lipitor" are five words that could prove financially devastating to pharmacies such as Walgreens Boots Alliance , CVS Health and Rite Aid . With Wall Street waiting on pins and needles to see how Amazon will enter the healthcare
Starbucks today announced that it is now official policy to allow all guests in its stores to use its facilities, including restrooms, whether they buy anything or not. The coffee chain had previously lacked a clear policy on the question. That ambiguity
Baidu’s stocks took a hit earlier today after the company announced that its Qi Lu is stepping down his job as President/COO after just a year and a half. “Baidu is a great company with strong talent and deep technologies,” Lu said in the statement. The former Microsoft executive, who will maintain his position on Baidu’s board, was seen as the driving force in the company’s AI ambitions, leading the charge into self-driving cars and other emerging technologies.
From global finance and merchandise trade to investment, the dollar's supremacy in the world economy is being underscored by the U.S. decision to reimpose sanctions on Iran and all those doing business with it. President Donald Trump this month pulled out of a nuclear accord with Iran, sparking consternation among European companies which now risk punitive U.S. measures if they continue business dealings with Tehran.. Oil firm Total, insurer Allianz and shipping company Maersk are among European names signalling an exit from Iran.
Sometimes you forget how hard technology investing is. Given the long lead times of the business, you can't expect the orders to bounce back soon, especially because they are connected to cellphone which are very weak. , but these stocks all trade together, particularly Lam and Applied Materials so you will have to suffer for incorrect sins.
The largest proxy advisory firm is recommending that investors reject two of Tesla Inc.’s board members, while also supporting a proposal to split the role of chairman and chief executive officer -- jobs now held by Elon Musk, the public face of the electric-car maker. By opposing directors Antonio Gracias and James Murdoch, and seeking to install an independent chairman, Institutional Shareholder Services is ratcheting up the pressure on Tesla to reform its nine-member board in the wake of production delays on its mass-market Model 3. "Shareholders would benefit from the strongest form of independent board oversight in the form of an independent chair," ISS wrote in a report to clients.
United Continental Holdings, Inc.’s UAL wholly owned subsidiary United Airlines announced Gerry Laderman as the acting chief financial officer (CFO) following the resignation of Andrew Levy. United Airlines will soon begin looking for Levy’s permanent
Russian oligarch Viktor Vekselberg has cut his holdings in Swiss companies OC Oerlikon and Schmolz + Bickenbach after a deal with minority shareholders and managers at his holding group, one of his companies said on Friday. The arrangement was made after Vekselberg was placed under sanctions in a crackdown by the United States on President Vladimir Putin's inner circle as retaliation for alleged Russian interference in the 2016 U.S. election. Vekselberg has reduced his stake in engineering firm Oerlikon to 19.9 percent, a spokesman for the billionaire's Renova Holding said, down from 43 percent previously held by various entities connected to him.
NVIDIA Corporation (NASDAQ: NVDA) reported earnings last Thursday and it came as no surprise that they were way better than expected — again. NVDA makes graphics processing units (GPUs), basically chips and cards that are built for processing images and data very quickly. This used to be a niche market and the big chip makers had a large share of the laptop and desktop market because not everyone was looking for a killer graphics card.
For U.S. states ready to legalize gambling, banks hold many of the cards. The Supreme Court ruled this week that states can allow betting on individual sporting events, but gamblers who want to place those wagers using a credit card face a major hurdle: The largest U.S. issuers, including JPMorgan Chase & Co., Citigroup Inc. and American Express Co., don’t yet allow their cards to be used for sports gambling. “We will closely watch developments from the ruling and will consider any implications to our policy as the states put their own processes in place,” Mary Jane Rogers, a spokeswoman for JPMorgan, said in an emailed statement.
The U.S. steel industry put up a commendable performance in the first quarter. Steel prices have been on an upswing in the United States on the back of the Trump administration’s trade actions to curb imports, reflected by the run-up in hot-rolled steel prices. The Trump administration, in March, slapped a 25% tariff on steel imports aimed at protecting the U.S. steel industry which had long struggled to cope with a tide of subsidized foreign imports.
Chesapeake Energy Corporation CHK was a big mover last session, as the company saw its shares rise more than 9% on the day. The company has seen a mixed track record when it comes to estimate revisions of one increase and six decreases over the past month, while the Zacks Consensus Estimate moved lower in the said time period. Chesapeake Energy currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
One can dream, right? There has been a whopping $1.85 trillion in global M&A so far in 2018, according to Dealogic, from 12,659 total deals. But there are three deals that would make some serious headlines. Amazon Buys Sears This seems unorthodox
It took a couple of years, but Apple has started to pay back illegal tax benefits to the Irish government. Apple has to pay $15 billion in total (€13 billion). In August 2016, the European Commission said that Apple benefited from illegal tax benefits in Ireland from 2003 to 2014.
PG&E Corp. suffered another legal setback with a judge saying he won’t release the company from a key legal claim over the most destructive wildfires in California history. PG&E has been challenging a California law allowing private property owners to hold the utility 100 percent responsible for any losses caused by its equipment or power lines even if it didn’t act negligently. Edison International, owner of the dominant utility in southern California, is also facing the prospect of multibillion-dollar payouts under the same law over a record-setting blaze near Los Angeles.
In fact, this has been a fundamental factor helping Altria to combat industry hurdles. On that note, let’s delve into few of the aspects that Altria has kept its eyes on. Apart from consumers’ avoidance of harmful tobacco products, strict FDA regulations have been a major deterrent in marring cigarette sales.
Friday, May 18, 2018The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Walmart (WMT), AT&T (T) and Novo Nordisk (NVO). These research reports
David Tepper, who won the bidding contest for the Carolina Panthers this week, has been beating most of his hedge fund rivals too. Many hedge funds have struggled to find their footing this year as concern over interest-rate hikes and trade wars churned markets. Miami-based Appaloosa made money by betting against Treasuries and going long on stocks such as Micron Technology Inc., the person said.
Europe's new data and privacy rules take effect a week from Friday, clarifying individual rights to the personal data collected by companies around the world for targeted advertising and other purposes. Years in the making, the rules are prompting companies to rewrite their privacy policies and in some cases, apply the European Union's tougher standards even in the U.S. and other regions where privacy laws are weak. Although they take effect as Facebook faces an enormous privacy crisis , that timing is largely coincidental.