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.
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.
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.
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
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.
These three mutual funds employ a similar patient, quality-conscious strategy as the oracle of Omaha in a more nimble package.
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
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.
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.
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.
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
The “Fast Money Halftime Report” traders discuss Qualcomm's decline after Morgan Stanley reiterated its underweight rating on the stock.
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.
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).
Regulation of cryptocurrencies must be considered, Bundesbank vice president Claudia Buch told Reuters, even though she does not believe they pose a threat to financial stability. Buch said that speculation on volatile virtual tokens does not pose a systemic threat because it is not financed through credit, but she said that regulators should look at introducing rules to protect consumers, given that such speculation could prove costly for investors. The issue of how to regulate cryptocurrencies is likely to be high on the agenda at a March 19-20 meeting of Group of 20 finance leaders in Argentina.
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
Sterling extended its climb above $1.40 to the highest in a month and U.K. government bond yields touched a week high, as the European Union’s Michel Barnier said the Brexit talks had reached a “decisive step” and a large part of the final exit treaty had also been settled. Barnier, speaking at a joint press conference with U.K. counterpart David Davis ahead of an EU summit this week, said agreement had been reached on citizens’ rights and the exit bill. “It appears they have made a lot more progress in Brexit talks than many people had thought possible,” said Lee Hardman, an analyst at MUFG.
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
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.
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.
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%
This gives us a good chance to take “stock,” especially with regard to this week’s strongly anticipated Federal Reserve meeting, where interest rates are expected to tick up another quarter percent, to a 1.50-1.75% range. Nasdaq, on the other hand, has more recently surmounted its all-time highs, closing a week ago just a few points shy of 7600. Led largely by forward-looking positive results in Q1 earnings season (set to report with high volume about 4 weeks from now), FANG stocks such as Facebook FB and Apple AAPL, as well as artificial intelligence firms like Nvidia NVDA, helped push the tech-heavy Nasdaq to to new heights.
U.S. stocks closed more than 1% lower on Monday, pressured by a broad decline that was largely attributable to weakness in Facebook. The Dow Jones Industrial Average DJIA, -1.35% fell 336 points, or 1.4%, to 24,611. With the day's drop, the blue-chip average turned negative for 2018. The S&P 500 SPX, -1.42% shed 39 points, or 1.4%, to 2,712. The Nasdaq Composite Index COMP, -1.84% lost 138 points to 7,344, a decline of 1.8%. The Nasdaq saw outsize weakness due to technology shares; the sector fell 2.1% in its biggest drop since Feb. 8. Facebook FB, -6.76% led the sector lower after, facing heavy selling pressure over how it manages third-party access to its users' information, after saying a
Twitter will ban advertisements for several kinds of cryptocurrency products and projects. The policy, according to Sky News, would go into effect in two weeks and would block ads for initial coin offerings, token sales, and cryptocurrency wallets. It could also encompass a ban on ads for cryptocurrency exchanges.