With Amazon narrowing its list of potential cities for its second headquarters last week, one Wall Street technology analyst believes he knows which of the remaining candidates have the inside track for the economically game-changing project. GBH Insights' Daniel Ives predicts five cities out of the new list of 20 candidates have a better chance to get Amazon's second headquarters than the rest. Amazon announced Thursday it narrowed the list of potential sites for its second headquarters to 20 locations. Suspense builds as Amazon narrows field for second headquarters 3:50 PM ET Thu, 18 Jan 2018 | 03:22 "We believe the top 5 likely cities for Amazon's second headquarters/HQ2 in order will be:
Don Taylor at the Franklin Rising Dividends Fund disregards companies’ current dividend yields when selecting stocks. Instead he focuses on the strength of their underlying businesses. If a company increases its sales, earnings and cash flow enough to support significant and consistent increases in dividends, its stock should perform well in the long run, he reasons. Taylor has used that strategy since he helped establish the $19.4 billion Franklin Rising Dividends Fund FRDPX, +0.55% in 1996. The fund’s strategy is to select companies that are expected to post double-digit increases in dividend payouts over the long term. “The core is underlying business growth,” Taylor said in an interview Jan.
BMW and Mercedes are planning to test car subscription services this year. Auto companies hope subscription-based and other mobility services will make revenue more consistent. The auto industry has posted strong sales numbers in recent years, which has made car manufacturers and dealerships scared about the future.
Goldman Sachs’ private wealth management advisors are telling its wealthiest clients that stocks are not in a bubble and that the bull market likely continues. “We recommend that clients stay invested in equities notwithstanding currently high valuations and the constant cascade of warnings that we are in an equity bubble.
General Electric shares are plummeting on an epic selloff 43 Mins Ago | 00:43 General Electric shares continued to plumb new depths after Bank of America Merrill Lynch downgraded the troubled bellwether on Monday. The shares fell 1 percent Monday to $16.09 and touched an intraday low of $15.80, their lowest in six years. The stock fell last week below $17 a share after GE said earlier in the week that it would take a $6.2 billion after-tax charge because of its GE Capital insurance portfolio and that it expects to contribute $14 billion over the next seven years to shore up the company's reserves. Analyst Andrew Obin told investors that the industrial conglomerate is likely to slash its 2018
A huge name in the gaming industry, Wynn Resorts Ltd. (WYNN) owns and operates Wynn Las Vegas and Encore in Las Vegas, Nevada, as well as Wynn Macau and the Wynn Palace located in the Special Administrative Region of Macau in the People's Republic of China. The company is currently making headway on a new gaming resort, Wynn Boston Harbor, in Everett, MA, located adjacent to Boston along the Mystic River. Boasting a hotel, a waterfront boardwalk, meeting and convention space, casino space, a spa, retail offerings, and food and beverage outlets, Wynn Boston Harbor is expected to open in mid-2019.
At the Inside ETFs Conference, Vanguard CEO Tim Buckley speaks to CNBC's Bob Pisani about the state of ETF investing, the environment for active versus passive investing as well as what he thinks about bitcoin.
A personal defined-benefit plan provides a guaranteed payout in your retirement years, just like the defined-benefit plans of old. With a 401(k) plan, in contrast, the maximum amount you can invest tax-free each year is $18,500 (if you’re over 50, this amount increases to $24,500). With a defined-benefit plan, this maximum amount can be an order of magnitude larger.
Shares of Halliburton (HAL) are climbing on Monday, following the oilfield services giant's better-than-expected fourth-quarter report, and giving hope to investors that the industry may finally be on the mend after several difficult years. Halliburton said it earned 53 cents a share, on revenue that rose 47.7% year over year to $5.94 billion. Analysts were looking for earnings of 46 cents a share, on revenue of $5.63 billion. The news was good enough to earn the stock an upgrade at Guggenheim: Analyst Michael LaMotte and his team raised their rating on Halliburton to Buy from Neutral today, with a $75 price target. LaMotte writes that the bullish stance reflects his belief that the U.S. fracking
The biggest political story all week was the impending government shutdown, which took effect at midnight on Friday. During the most recent 16-day shutdown in 2013, the S&P 500 gained 3.1%. Economists at Goldman Sachs estimated that each week the government is shut down in the first quarter would take 0.2% off first quarter GDP. Meanwhile, Treasury yields continued their recent market higher with the two-year Treasury yield settling above 2.05% and the 10-year Treasury settling at 2.64%, above the 2.63% Jeff Gundlach called out earlier this month as a key level for the benchmark government bond.
Getting old in America isn’t what it used to be. In a worldwide study, the U.S. fell to No. 17 (down three spots from last year) in the Natixis Global Asset Management Global Retirement Index. The index ranks 43 mainly developed countries on their ability to offer its citizens a secure retirement. Norway, Switzerland, Iceland and Sweden top the list. Why did the U.S. have such a dismal showing? The U.S. took hits in income equality, health care spending and life expectancy. While America may have the fifth-highest income per capita, we have the sixth lowest score for income equality, suggesting that retirement saving is difficult for average workers. Our life expectancy fell, yet we spend the
The Procter & Gamble Company PG is set to report second-quarter fiscal 2018 results on Jan 23, before market open. Last quarter, the company delivered a positive earnings surprise of 1.87%. Procter & Gamble has been struggling to boost sales for the last few years.
Apple Inc. AAPL is reportedly bringing HomePod, a smart speaker integrated with Siri and aimed at the home automation market, in February. Taiwan-based Inventec, one of the two component suppliers of the smart speaker, made the announcement. Foxconn Technology Group is the other supplier. Apple’s launch of HomePad will help it take on other smart speakers like Amazon’s AMZN Echo and Alphabet’s GOOGL Google Home launched more than three years and one year ago, respectively.
The U.S. Dollar was expected to rise with the economy growing and the Fed hiking rates. In the shadow of the stock market’s meteoric rise this year, the U.S. dollar has fallen faster and harder than most analysts expected. Rather than reversing that trend as the U.S. economy grows and the Federal Reserve raises the country’s interest rates, it has continued with the greenback the weakest it’s been in more than three years compared to a contingent of world currencies used to track its value.
French healthcare group Sanofi has agreed to buy U.S. haemophilia specialist Bioverativ for $11.6 billion, its biggest deal for seven years and a major play to strengthen its presence in treatments for rare diseases. Several analysts said the deal looked expensive, given uncertainties in the haemophilia market due to the arrival of new drug treatments, and Sanofi shares fell 4 percent on Monday, the worst performance on France's benchmark CAC-40 index. The move comes at a time of renewed interest by large drugmakers in smaller biotech firms, with Celgene also announcing a $9 billion deal to buy Juno Therapeutics, and predictions by some experts that 2018 will see a substantial pick-up in mergers and acquisitions.
You’ve spent your whole life saving for retirement . For many investors, the transition can be confusing or even traumatic. As investors approach this transition from saving to spending they should take three steps: start with a retirement income plan, keep their portfolio invested and diversified, and then rebalance their portfolio periodically to generate the cash they require.
Pavel Bains of Bluzelle is watching the changes in cryptocurrency prices to see the effect on business models using blockchain.
Ford Motor Co. comes to the week of its fourth-quarter earnings release hobbled by weak guidance and lows for its stock. The auto maker is scheduled to report results after the bell on Wednesday. Ford’s guidance earlier this month has disappointed Wall Street, and analysts are likely to scour earnings for signs the company can weather the storm. Bright points for Ford F, +0.21% include its best-selling pickup trucks and SUVs, the type of vehicles that U.S. residents have taken a marked liking in recent years at the expense of sedans and compacts. The company is also looking at launching compact SUVs this year, which have also grown in popularity. “That’s where the profits are, and where the
Bristol-Myers Squibb Company BMY announced new data from a cohort of the phase II CheckMate -142 study on Opdivo.CheckMate-142 study is an ongoing study evaluating Opdivo (nivolumab) and Yervoy (ipilimumab) for previously treated patients with DNA mismatch
Philadelphia Energy Solutions, owner of the largest U.S. East Coast refinery, said on Monday its plan to get out of bankruptcy hinges on whether it can shed existing biofuel costs under the country's renewable fuel laws. The plan revives a debate between U.S. refiners and ethanol producers over renewables policy, and could spur actions from other struggling refiners should the U.S. Environmental Protection Administration allow PES to reduce its biofuel obligations.
Global oil producers are in agreement that they should continue cooperating on production after their deal on supply cuts expires at the end of this year, Saudi Arabia's energy minister Khalid al-Falih said on Sunday. It was the first time Saudi Arabia, the world's top oil exporter, had publicly stated OPEC and non-OPEC producers would keep cooperating after 2018. The exact mechanism for cooperation next year has not yet been decided, Falih said, but if oil inventories increase in 2018 as some in the market expect, producers might have to consider rolling the supply cut deal into next year.
The year ahead looks to be dangerous for health-care security in the U.S., as Donald Trump's administration continues to sabotage the law that Congress couldn't repeal. New proposals would let many more healthy Americans drop their Obamacare coverage -- raising costs for the unhealthy and risks for everyone, sick or well. It will fall to state governments to resist this renewed assault on universal access to adequate health insurance. Their goal should be to keep their health-care systems stable, maintain access to affordable coverage, and protect their citizens from scams. First, the administration intends to widely expand and deregulate so-called association health plans. Under current law,
After a hot start in 2018, expectations are high for Netflix’s fourth-quarter earnings report due after the market closes. While hits like the second season of “Stranger Things” and the film “Bright” are expected to have supported strong subscriber additions in the fourth quarter, Netflix doesn’t yet have a definitive hit to rely on this quarter, Bank of America Merrill Lynch said. Netflix shares added almost 1 percent in pre-market trading Monday after Barron’s speculated over the weekend that Apple may acquire it, adding to a 15 percent gain so far this year.
In 1995 and 2013, the years of the prior two government shutdowns, the S&P 500 posted double-digit growth. The government shutdown of 2018 began on Saturday. Lawmakers are working to reopen the government.
Though investors are sharply divided about the viability of cryptocurrencies over the long term, there is no denying that some savvy individuals were able to make an astronomical amount of money speculating on virtual currencies over the past several years. At the same time, though, it's easy to feel as if you are too late to cash in on the cryptocurrency craze, particularly if you didn't first buy bitcoin when it first came out several years ago. That being said, there are new digital currencies all the time, and while the top cryptocurrencies like bitcoin have grown to prohibitively high prices for some investors to make major inroads, there are new alternative coins which may be promising.