Former FBI Deputy Director Andrew McCabe was fired on March 16 — two days before his retirement. Now McCabe may not be able to receive his pension benefits for at least five years. A pension is a defined benefit retirement plan most commonly seen for US government employees, in which an employee contributes to the plan during their tenure and an employer guarantees a post-retirement payout.
Shares of a software company that bought assets of Hewlett Packard Enterprise (HPE) toppled more than 50 percent on Monday after the company cut its revenue forecast and its chief executive resigned. U.K.-based Micro Focus International said it now expects revenue to fall anywhere between 6 and 9 percent for the twelve months ending October 31, 2018, significantly lower than the 2 to 4 percent decline it predicted in its interim January results. This was due largely to "one-off transitional effects" of the firm's $8.8 billion takeover of HPE's software assets last year, and issues associated with the implementation of a new IT system, Micro Focus said. HPE was formed in late 2015 as a result of the split of HP into two companies.
Facebook Inc (NASDAQ:FB) is a great American company which is in headline crisis mode. For a while now, FB stock sporadically comes under pressure over data impropriety. Case in point this morning we learned of yet another situation where Facebook account data were misused.
Sooner Trend Anadarko basin Canadian and Kingfisher counties - where companies such as Marathon Oil and Devon Energy bought up acreage following the oil slump in 2014. Leading the pack is Oklahoma-based Devon Energy Corp, which expects its STACK production to reach 140,000 barrels of oil equivalent per day (boed) by the end of 2018, up from 107,000 boed a year ago. Devon, also a Permian operator, said in a presentation earlier this month that it has earmarked more than 95 percent of its STACK budget for Meramec although it did not disclose dollar values.
Oracle Corp. (ORCL) stock fell 0.59% to $51.95 in Monday's regular-hours trading session. With earnings on deck for Monday after the close, can the stock reverse its woes and head higher? With Oracle's 52-week highs about 3% above current levels, investors could push Oracle stock to new highs should the company report impressive numbers, TheStreet's Jim Cramer said on CNBC's "Stop Trading" segment. After the Facebook Inc. (FB) news from over the weekend -- and the stock's 7.5% decline on Monday -- stock market investors need a more positive data point to focus on, he said. Could that come from Oracle? If its results are good, perhaps it can, reasoned Cramer, who also manages the Action Alerts
Since December 2016, the S&P 500 has climbed more than 21%, while the Dow Jones Industrial Average is up more than 25%. General Electric Company (NYSE:GE) stock is down nearly 55% during that time. Things just look very bleak for GE stock right now.
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Covenant Transportation Group, Inc. (NASDAQ:CVTI): This company that provides truckload transportation and brokerage services has seen the Zacks Consensus Estimate for its current year
Apple and IBM have teamed up on an artificial intelligence service that is intended to make it easier for business customers to create apps. The service is an expansion of a nearly four-year old partnership between Apple and IBM in which the two companies create corporate apps together for Apple devices like the iPhone and iPad. The partnership capitalizes on Apple’s consumer technology-know how and IBM’s expertise in enterprise technology.
The “Fast Money Halftime Report” traders discuss Qualcomm's decline after Morgan Stanley reiterated its underweight rating on the stock.
Wall Street may have a mixed attitude towards cryptocurrency, but those who work in the crypto Wild West are learning from the old school. Binance, the world’s largest cryptocurrency exchange by trading volume, has implemented trading restrictions on its employee that its CEO says he learned from big investment banks. “We allow our employees to hold cryptocurrency because we believe in its future, which will be more valuable than fiat money,” Binance CEO Changpeng Zhao tells Yahoo Finance.
The Weinstein Co. filed for bankruptcy protection on Monday with a buyout offer in hand from a private equity firm, the latest twist in its efforts to survive the sexual misconduct scandal that brought down co-founder Harvey Weinstein, shook Hollywood and triggered a movement that spread out to convulse other industries. The company also announced it was releasing any victims of or witnesses to Weinstein's alleged misconduct from non-disclosure agreements preventing them from speaking out. "Since October, it has been reported that Harvey Weinstein used non-disclosure agreements as a secret weapon to silence his accusers.
These three mutual funds employ a similar patient, quality-conscious strategy as the oracle of Omaha in a more nimble package.
Through its John Deere brand, Deere & Company is a leading manufacturer of agricultural, construction, and forestry machinery. Deere & Company shares have surged about 45% over the past year, significantly outpacing its industry peers. Region wise, equipment net sales increased 24% in the United States and Canada, and 33% in the rest of the world.
While investor appetite looked encouraging with three days to go before final pricing, it was not clear if that would be strong enough to lift the deal above of the initial range of $16 to $18 a share that Dropbox set last week. "It is early to predict the pricing. The three sources asked not to be named as the IPO pricing process was still underway.
Women everywhere are fighting against inequality in their personal lives, professional lives and online lives with the hashtag #timesup. The number of 401(k) millionaires hit a new record high of 150,000 at the end of 2017, according to Fidelity. "Saying, 'I want $1 million for retirement' is akin to my saying, 'If I work out three days per week, I'll be physically fit,'" says certified financial planner Taylor Schulte, founder of San Diego financial planning firm Define Financial.
London-based banks and other financial firms won't put their Brexit moves on hold despite a transition deal between Britain and the European Union as it lacks full legal certainty, industry officials said on Monday. Banks and insurers have said they might not be able to rely on this week's political agreement as it will not be formally ratified by EU governments until October or later - too late for them to avoid making changes to their operations before Britain's departure from the EU in March 2019. Catherine McGuinness, policy chief at the City of London, home to the Square Mile financial district, said the transition deal needs to be endorsed by industry regulators so businesses are able to use it to suspend plans to move jobs and operations out of Britain.
Micron Technology Inc. has a lot to live up to with its earnings report this week. In the past two weeks alone, five analysts have raised their price targets on the shares. Nomura set a Street-high $100 target on March 12, arguing that DRAM pricing trends are set to improve in the second calendar quarter and that Micron is in the early stages of a major break higher.
The company is currently developing several candidates in the field of immuno-oncology based on its ZVex and GLAAS platforms. The company’s key pipeline candidates are CMB305 and G100. CMB305 is being evaluated in soft tissue sarcoma patients both as a monotherapy (phase I) and in combination with Roche’s RHHBY anti-PDL1 cancer immunotherapy —Tecentriq (phase II).
Goldman Sachs' reiterated sell rating call on electric car maker Tesla (TSLA) is getting a lot of attention on Monday. But, Wall Street's Tesla bulls may want to scroll down and read the rest of the report for more shock and horror. The investment bank sees Tesla's stock cratering more than 36% to $205 as it misses deliveries across the board for the first-quarter. "Based on the quarter-to-date February cadence, we believe the company is tracking below its 2018 Model S/X guidance of approx. 100,000 units (an implied 25,000 per quarter)," writes Goldman analyst David Tamberinno. "Further, while monthly Model 3 deliveries are showing sequential improvement, we estimate that they will fall well
Facebook FB launched Express Wi-Fi app on Google Play Store that will help users to locate nearby Wi-Fi networks and buy data packs, reports TechCrunch.While the company’s Express Wi-Fi service is already live in five countries namely India, Kenya, Tanzania
The EUR/USD has reached 1.2257 and bounced just above W L3 level 1.2246. At this point the W L3 holds the pair from further drop as it makes a confluence with D L3 level. If we see a retracement, pay attention to 1.2305-20 the POC zone. The EUR/USD might
Value investing is easily one of the most popular ways to find great stocks in any market environment. One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short.
Las Vegas Sands Corp. LVS has performed extremely well so far this year and possesses a great potential to carry the momentum forward. Let’s check out why Las Vegas Sands is an attractive pick right now. A glimpse of the company’s price trend reveals that the stock has had an impressive run on the bourse over the past six months.
A U.S.-trained economist was appointed Monday to succeed the longtime governor of China's central bank, Zhou Xiaochuan, at a time when the ruling Communist Party is trying to reduce financial risks and surging debt. The elevation of Yi Gang, a two-decade veteran of the central bank, to head the People's Bank of China was in a slate of promotions approved by China's ceremonial legislature of finance and economic officials as President Xi Jinping tightens control over government.
Find out how the interbank compares with the technicals at 8 AM GMT. These are the Daily Trading Signals. Euro/Dollar’s hourly indicators are mixed, but both the mid and long term models are mostly red. Interbank sentiment is neutral at less than 10%