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
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.
"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
While many hopeful retirees are celebrating their new status as millionaires, experts warn that $1 million is a drop in the bucket compared with what they are going to need. According to Fidelity Investments, the number of 401 (k) plans with a balance of $1 million or more jumped to a record 157,000 in the first quarter, up from 108,000 last year. Much of the 401 (k) balance surge is due to the “Trump bump” and market highs over the past 12 months.Rebecca Walser, tax attorney and author of “Wealth Unbroken,” urges people to keep saving and not focus solely on retirement account balances.
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.
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.
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
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.
Harvey Lippman, Genesis 10, discusses the difficulties companies are having filling tech jobs due to issues with visas.
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.
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.
Natural gas prices edged lower on Friday, but are higher by 1.4% for the week. This weeks inventory report by the Department of Energy was in line with expectations. Supply was flat week over week and demand was higher helping prices remain buoyed. Support on natural gas is seen near the 10-day moving average at 2.80. Resistance is seen near the 3.20 level. Momentum is neutral as the MACD (moving average convergence divergence) histogram prints near the zero-index level with a flat trajectory which reflects consolidation. Overall supply is flat week over week.
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.
Pfizer Inc. PFE announced that a phase III study evaluating its epilepsy drugLyrica (pregabalin) in pediatric patients met the primary endpoint. The study was evaluating the use of Lyrica Oral Solution CV as adjunctive therapy for partial onset seizures in pediatric epilepsy patients one month to less than four years of age, an indication for which Lyrica is not yet approved. Top-line results from the study showed that adjunctive treatment with Lyrica 14 mg/kg/day resulted in a statistically significant reduction in seizure frequency versus placebo which was the primary efficacy endpoint.
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.
Dubbed Erica, the virtual assistant is now ready to roll out to the bank's 25 million mobile clients across the US, from now through June of this year. Bank of America customers can use Erica to search for past transactions across all their accounts, navigate the mobile app to find routing numbers or the closest ATM, view bills and schedule payments, lock (and then unlock) debit cards and transfer money between accounts (or send money to others with Zelle).
Square customers are treating the payment company's Cash app more like a bank account than the company intended, and CEO Jack Dorsey says while it wasn't a goal, he plans to "lean into" the trend. "People are using this as their primary banking account, and in some case it's their only bank account," Dorsey says. The company had 7 million active customers on its money-transfer app in December alone, and Nomura Instinet says the app is growing faster then PayPal's Venmo.
Former head of J.P. Morgan's blockchain operation says banks like her former employer could get into the cryptocurrency business imminently . "I think it's coming sooner than people probably think," says Amber Baldet, Former head of J.P. Morgan's blockchain arm. Former head of J.P. Morgan' JPM s blockchain arm is no longer on Wall Street.
Leading the Apple Inc. (NASDAQ:AAPL) rumor mill today is news of HomePod sales for the first quarter of 2018. Today, we’ll look at that and other Apple Rumors for Friday. Source: Apple HomePod Sales: A recent report claims that the HomePod isn
Today, the more than $365 billion invested in Bitcoin and other cryptocurrencies is owned almost entirely by individual investors—not by Wall Street institutions. Coinbase, the largest U.S. Bitcoin exchange, launched new professional-grade trading products for institutional investors this week, citing rising demand for cryptocurrency from smart money heavyweights. “How we’ve seen it play out in the institutional space, very few want to be first, but most want to be second,” says Adam White, Coinbase’s general manager who runs its institutional business including the GDAX exchange.
Applied Materials Inc. led semiconductor-related stocks to losses Friday and to a weekly decline after the chip-maker materials supplier’s outlook indicated a possible slowing in the recently hot sector. Applied Materials (AMAT) shares fell 8.3% to close at $49.51, after hitting an intraday low of $48.53, as analysts were split on target price moves after the company’s sales outlook was lighter than Wall Street expected. For the week, shares of Applied Materials are down 9.7%, the SOX index swung to a weekly loss of 0.4%, and the S&P 500 (^GSPC) finished down 0.5%.
The 10-year Treasury yield broke above 3.1% on Wednesday for the first time since 2011, while the two-year note yield is trading at a level not seen in a decade. Investors have been selling off Treasuries due to concerns that rising inflation could lead
Theranos Inc.’s 15-year quest to revolutionize the blood-testing industry met with the latest in a series of crippling blows in March when the Securities and Exchange Commission charged the Silicon Valley diagnostics firm with conducting an “elaborate, years-long fraud.” The SEC accused the firm of deceiving investors into believing that its portable device could perform a broad range of laboratory tests on drops of blood pricked from a finger, when in fact it was doing most of its tests on commercial analyzers made by others. Much of the attention has focused on Theranos founder Elizabeth Holmes. Mr. Balwani, who met Ms. Holmes when she was a teenager, jointly ran the company with her for seven years as president and chief operating officer and enforced a corporate culture of secrecy and fear until his departure in the spring of 2016, the former employees say.