Citigroup Inc. said Chief Executive Officer Michael Corbat was unaware that the bank was in the process of closing a real estate loan to a Kushner Cos. venture when he met with Jared Kushner. Corbat requested the March 2017 meeting with Kushner, a senior adviser to President Donald Trump, to discuss U.S. trade policy and didn’t discuss the loan or any personal business with Kushner Cos., the bank’s general counsel said in a letter to four Democratic senators. New York-based Citigroup said the Kushner family has been a client for decades and the loan on a Brooklyn real estate project was made with no input from Corbat.
Working remotely is an increasingly popular option for many people, given how expensive it can be to live where many of the jobs are. But can you earn enough to get by while working from home? To help you find out, career-advice website FlexJobs, using data from salary and compensation site PayScale, compiled a list of the 14 most common remote jobs in their database and their average pay. Some of the salaries exceed the national median household income, which was $59,039 in 2016. The No. 1 most common remote job, in fact, pays almost $90,000 a year on average. While some of the job titles on the list, like "nurse" or "teacher," may sound more like conventional in-person positions, FlexJob is
Ever since the Federal Energy Regulatory Commission announced a ruling that prevents some master limited partnerships from using an important tax allowance, analysts have been defending the stocks, not that it has mattered. Maybe it's because the situation is more complicated than it seems? That appears the case. In a note today, East Daley Capital’s Justin Carlson tried to parse the impact on various MLPs. He classifies Tallgrass (TEP), Energy Transfer Partners (ETP) and Enable Partners (ENBL) among those with minimal exposure, although they've each suffered large drops this week. Oneok (OKE) , meanwhile, has three pipelines with “significant” exposure, but those make up just a small percentage
These are the companies that Warren Buffett should buy 6:12 PM ET Mon, 26 Feb 2018 | 02:08 The company said Buffett's compensation hasn't changed in more than 25 years. Meanwhile, Buffett manages Berkshire's $170 billion stock portfolio and guided the company's market value to a 20.9 percent annual return from 1965 to 2017 versus the S&P 500's 9.9 percent gain. Buffett's frugality for Berkshire does not end with his salary. The filing also reveals he gave $50,000 last year to the company for the reimbursement of personal expenses such as postage and phone calls. "Mr. Buffett will on occasion utilize Berkshire personnel and/or have Berkshire pay for minor items such as postage or phone calls
General Electric Co. (GE) has been a dumpster fire. The stock is down roughly 55% over the past 12 months, and is hitting fresh 52-week lows on Tuesday. Shares couldn't gain any traction, closing just two pennies off session lows at $13.64, down 3.06% for the session. Earnings, cash flow and a massively underfunded pension fund have many investors worried about the long-time industrial stalwart. While GE was once a dividend-paying industrial titan, it's clearly lost its way. Even after halving its dividend in November, some investors still worry that another cut could come down the road. GE seemed like a safe, low valuation dividend-paying company. Obviously new revelations prove anything
Abra CEO Bill Barhydt on creating an app that allows people to invest in 20 cryptocurrencies and 50 fiat currencies through the use of bitcoin and litecoin.
Opportunity and peril in Tesla’s stock are ahead. Let’s explore the issue with a chart. Chart Please click here for an annotated chart of Tesla TSLA, -0.96% stock. Please observe the following from the chart: • The chart shows a key psychological level of $300 drawn in white. • The chart shows a support zone drawn in yellow around the key psychological level. • The chart shows Tesla Whac-a-Mole. Lately when there is bad news for Tesla, buyers step in around $300, often driving the stock higher. In the past month, investors drove the stock to $357. • The chart shows that Tesla’s stock is below the 200-day moving average. There is no magic by itself to the 200-day moving average. However, many
If you own FDX stock, you’re probably hoping FedEx Corporation (NYSE:FDX) CEO and founder Fred Smith and the rest of his management team isn’t too worried. However, it would be corporate malpractice in my opinion, if FedEx wasn’t considering the ramifications
On Mar 19, one of the equity markets’ most closely watched indexes, the Dow, plunged. Tech stock plunge had a cascading effect on overall market as most of the important indexes like S&P 500 and Nasdaq Composite index were also impacted. Meanwhile, yesterday’s decline has pushed the Dow into the negative zone year to date.
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.
Exxon Mobil’s XOM diversified operations and strong focus on both upstream and downstream businesses have helped it to overcome several hurdles over the years, including the times when crude touched multi-year lows. Exxon expects its earnings to grow 135% by 2025, if crude trades at $60 per barrel. The stock seems to be shareholder friendly, as the oil supermajor’s current dividend yield is the highest since 1997.
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.
With markets turning more volatile and tech growth stories turning sour, beaten down biotech stocks are getting another look. That's why, for the "Off the Charts" segment of Tuesday's Mad Money episode, Jim Cramer checked in with colleague Carolyn Boroden, who runs the FibonnacciQueen.com website and also contributes to RealMoney.com. While it may still be early too jump on stocks in the sector, Boroden told Cramer that there are several names worth watching for buying opportunities once some key technical changes appear in their charts. Cramer and Boroden started by looking at a daily chart of the iShares NASDAQ Biotechnology ETF (IBB) . Boroden pointed out that IBB found support during February's
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.
Warren Buffett said his Berkshire Hathaway Inc. made only one “sensible” stand-alone acquisition last year, and it didn’t do much for his growing pile of cash. Berkshire paid $2.76 billion for its 38.6 percent stake in Pilot Travel Centers LLC, the owner of the Pilot Flying J truck stop chain, according to an insurance filing. Berkshire didn’t disclose the purchase price when it announced the deal in October, and hasn’t revealed the figure in subsequent reports to the U.S. Securities and Exchange Commission. Buffett is seeking large investments that will eat into his excess cash and earn better returns. The company ended last year with $116 billion in cash and Treasury bills amid what Buffett
The best law schools in the country prepare students for successful and fulfilling careers. Given how expensive those degrees are, though, do they prove worth the cost? Payscale shared data with CNBC Make It as to how much alums of highly ranked law schools in the U.S. earn with 10 or more years of experience. Graduates of Duke University School of Law take home the largest checks, earning a median annual salary of $243,000. Here's how other top programs fare. Yale University Law school ranking: 1 Mid-career median pay: $195,000 Tuition: $62,017 Estimated annual cost of attendance: $85,294 Harvard University Law school ranking: 3 Mid-career median pay: $210,000 Tuition: $63,800 Estimated annual
Some on Wall Street are suggesting the run in shares of Micron Technology, Inc. (NASDAQ:MU) has been “nothing short of miraculous.” Personally, I beg to disagree. What exactly makes Micron stock’s price run so spectacularly fortuitous as one CNBC writer noted Monday? Also backing this bullish view, the “miraculous” returns Micron stock has seen thus far not only appear well-deserved when looking at the price chart, but still priced at a discount to its potential since MU is looking much leaner than the broader market’s long-in-the-tooth bull run.
Jim Cramer flies through his take on callers' favorite stocks, including a major bank that made headlines in 2017.
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.
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.
Consumer confidence is at its highest level in 14 years, so it’s time to lighten up on stocks and build up cash. You read that right: The stock market tends to perform worse when consumer confidence is high. That is the conclusion I reached upon analyzing the S&P 500’s SPX, +0.15% correlation to the University of Michigan consumer sentiment index — which last Friday reached its highest level since 2004. Specifically, I compared each month’s index reading with how the stock market performed over the subsequent month-, quarter-, year-, and two-year period. I also measured how the S&P 500 reacts to big jumps or declines in the index. I then did the same for the Conference Board’s consumer confidence
Only a couple of days ago, the general perception on driverless cars was that these are incredibly safe and hence boring. A self-driving test vehicle from the leading ridesharing company Uber Technologies Inc. struck and killed a 49-year-old woman in Tempe, AZ. Uber has said that it will fully co-operate in the investigation and suspended tests of all its self-driving vehicles on public roads in San Francisco, Pittsburgh, Toronto and the greater Phoenix area.
In a preview of arguments in a trial over AT&T's deal to buy Time Warner Inc , government lawyers said on Tuesday the deal will raise prices for consumers while AT&T's lawyer argued the company has no reason to withhold programming from competitors as feared. U.S. District Judge Richard Leon, who will decide the case, delayed opening arguments until Thursday because of bad weather in Washington. The government has asked Leon to rule that the $85 billion deal is illegal because it would hurt cable television rivals and, by extension, their consumers.
U.S. solar stocks enjoyed their best day in almost a month, with the rooftop installer Vivint Solar Inc. climbing the most since June. Optimism that some U.S. companies will win exemptions from import tariffs. SunPower Corp. was among the companies seeking to be excluded from the trade duties, and Garvin Jabusch, chief investment officer at Green Alpha Advisors, said by email Tuesday that SunPower’s case is “particularly strong.” The deadline to file was March 16. The possibility of lower tariffs would mean lower panel prices, Jabusch said.