Sears Holdings Corp (NASDAQ:SHLD) announced that the company is shuttering the doors of at least 40 more stores in the coming months. The retail chain announced that it will be closing 40 Sears and Kmart stores in July and August, according to a Business Insider report from May 19. The company has yet to comment on the matter, which includes 31 Sears locations and nine Kmart stores that will be closing in 24 states.
Give yourself time to adjustGetty Images/iStockphotoAbout 60% of retirees didn’t plan to retire when they did.DMAMBMCMDMEMGPREVIEWZBZBRZDZDRZFZGZQZRZSZTZUDave Bernard planned on retiring at age 62. But in early 2012, he lost his job as a sales manager
U.S. stock futures are trading higher once again this morning. Wall Street continues to ride high off optimism from easing U.S./China trade tensions. What’s more, easing Treasury yields and a weakening dollar are also providing lift for stocks this morning
Investors have demonstrated their displeasure with AT&T T over the last several years. But while the communication and internet giant’s Time Warner TWX merger remains in question, AT&T stock does currently offer investors solid value.Time Warner’s chief
Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Marathon Oil Corp. MRO, Cenovus Energy Inc. CVE, Kinder Morgan, Inc. KMI, TransCanada Corporation TRP and Enbridge Inc. ENB. Is Canada’s Oil Pipeline Bottleneck Choking the Economy?
J.C. Penney Co. slumped after Chief Executive Officer Marvin Ellison abruptly resigned to take the top job at home-improvement retailer Lowe’s Cos. Ellison, 53, will step down on June 1 and four top executives will share the day-to-day operations until a new chief executive is appointed, J.C. Penney said Tuesday. Shares of the struggling department-store chain dropped 6.4 percent on the news.
Airbus SE is ready to tell the World Trade Organization that the threat posed to Boeing Co. by its most ambitious program ever, the double-decker A380 jetliner, is so marginal that any U.S.-led sanctions against the European Union over illegal aid should be minimal. The European company will cite the superjumbo’s slow sales and also contend that state support for the more popular A350 model was only slightly more of a benefit given cheap alternative funding available at the time amid historically low interest rates, its head of litigation Karl Hennessee said in an interview. Airbus is on the back foot after Boeing last week won the latest in a series of disputes over illegal subsidies for the A380 and A350 spanning more than a decade.
Bitcoin, the world’s biggest digital currency, drifted back under $8,500 on Monday as weekend gains slowly faded. The broader digital-currency market fared even worse, with most virtual assets kicking off the week in decline. After reaching a weekend high of $8,575.99, bitcoin has retreated and a single bitcoin(BTCUSD)(COINDESK:BTC-USD) was last worth $8,402.63, down 1.8% since Sunday’s levels at 5 p.m. Eastern Time on the Kraken exchange.
The "Squawk Box" crew and CNBC's Jim Cramer talk about Marvin Ellison's move to home improvement retailer Lowe's.
You need to rifle through 18 years of history to find selloffs that compare to the one corporate bond investors are now enduring. Debt of American companies just posted their third-worst 100-day returns since 2000, according to a JPMorgan Chase & Co. index, as tighter monetary conditions leave their mark on high-quality bonds with longer maturities. With negative returns likely to scare off retail investors, the outlook for the asset class looks grim, JPMorgan strategists said in a Friday note.
Unemployed workers who are either at the start of their careers or nearing retirement age are much less likely to receive responses to job applications than those in their prime working years, according to a working paper from researchers at Princeton University, Arizona State University and University of California, Los Angeles, distributed by the National Bureau of Economic Research. Additionally, workers who have been unemployed for a year or longer are less likely to receive a callback from an employer than those who were without a job for a shorter length of time. Unemployed job hunters, in particular, are at a significant disadvantage compared to their peers who are already holding a job, according to a separate analysis from researchers at the Federal Reserve Bank of New York and Columbia Business School.
Investors in Chesapeake Energy Corporation CHK need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
On and off the price chart, Alibaba Group Holding Ltd (NYSE:BABA) is building the case for investors. Alibaba, or what many rightly call Asia’s Amazon.com, Inc. (NASDAQ:AMZN) recently reaffirmed its position as the continent’s 800 lb. gorilla after delivering a stellar Q4 confessional. Bottom line, BABA’s solid earnings beat, raised guidance and enviable growth prospects in key markets as InvestorPlace’s Luke Lango recently laid out are simply hard to ignore — or worse yet, bet against.
In a world of low interest rates, investors look for yield wherever they can find it. One common choice has become high dividend stocks. In the previous century, dividends did not compare well to bank interest rates.
Micron shares jumped nearly 4 percent after hours on Monday after announcing a deal with Intel and saying it would buy back $10 billion of its shares. Micron Technology MU shares spiked nearly 4 percent in after-hours trading after it announced a deal with Intel INTC to make and ship the next generation of chips used in flash drives and digital cameras. Intel shares reacted more modestly, up 0.24 percent in after-hours trading after climbing $1.5 percent on Monday.
Baidu Inc (ADR) (NASDAQ:BIDU) shares have been falling for the last two trading days on headlines. In a rising stock market, BIDU stock will be fine. Having said that, Baidu is a momentum stock, so it runs fast in either direction.
Workplace retirement plans get a lot of bad press, primarily if they are loaded with high fees. Put simply, 401(k)s work. The bad news is that otherwise-diligent savers can still leave money on the table with a 401(k), often without realizing it.
The U.S. Energy Department's weekly inventory release showed a larger-than-expected increase in natural gas supplies. Despite the headline miss, the report pointed to a tightening market dynamic and boosted the fuel’s price, which added around 1.5% for
Discount rivals EasyJet Plc and Ryanair Holdings Plc are shoring up their shareholder base in continental Europe in order to safeguard their right to fly there after Brexit. EasyJet, based in Luton, England, is holding investor roadshows in France and Germany this week and last week in a bid to increase the proportion of stock held within the European Union once Britain leaves. Ryanair, Europe’s biggest discount airline, said Monday that it will remove the voting rights of non-EU holders in the event of a so-called hard Brexit.
Four years ago, Marvin Ellison lost out on the top job at Home Depot Inc. Now, after a lackluster tenure at struggling department-store chain J.C. Penney Co., he will get a chance to run a home-improvement retailer. Ellison, 53, was appointed chief executive of Lowe’s Cos., the arch rival of his former employer, on Tuesday. While Ellison failed to turn around J.C. Penney, many of his initiatives, including making stores more efficient and improving customer service, mirror what Lowe’s activist investor D.E. Shaw has called for.
GlaxoSmithKline plc GSK and partner J&J JNJ announced that the European Commission (EC) has granted marketing approval to Juluca, making it Europe’s first two-drug HIV treatment. Juluca gained approval in the United States in November last year and generated sales £10 million in the first quarter of 2018. Tivicay, a novel investigational integrase strand transfer inhibitor (INSTI), is marketed by ViiV Healthcare, an HIV company majorly owned by Glaxo and Pfizer PFE.
Treasury Secretary Steven Mnuchin urged the Justice Department to review the power that large technology firms such as Google have over the American economy, the latest U.S. official to back antitrust scrutiny of the industry. A “60 Minutes” segment on Sunday devoted to assertions that Alphabet Inc.’s Google wields a destructive monopoly in online search hammered home the notion of the company’s dominance during a time of heightened public concern with technology giants. “These issues deserve to be reviewed carefully,” Mnuchin said in a CNBC interview early Monday in response to a question about the CBS News report.
BP held out the prospect of a first dividend increase since 2014, after first-quarter profits beat forecasts earlier this month, thanks to rising oil and gas prices and production. The 110-year old company is undergoing its fastest growth in recent history with new oil and gas fields from Egypt and Oman to the U.S. Gulf of Mexico, riding a tide of higher oil prices following the 2014 downturn.
Eight years ago today, the first reported exchange of bitcoin for a consumer product - a pair of Papa John's pizzas - took place. With that, CoinDesk is today releasing a new widget that provides a real-time calculation that you can add to any website. A deal was struck: 10,000 BTC for two Papa John's pizzas.