There is an advertisement online that’s been stalking people as they surf around the internet. You’ve probably seen them, too: A man with wild hair and wire-rimmed glasses, staring out into the beyond, with bitcoin logos next to his face. The ad might say something like “Crypto-Genius Reveals the ‘Next Bitcoin’” or “California genius says, this is the next bitcoin.” Some even use a variation on the classic clickbait syntax: “bitcoin won’t want you knowing this cryptocurrency,” as if bitcoin were a corporation, trainer, or language professor.
Apple Inc. announced a series of plans Wednesday that were celebrated as promises to hire thousands of workers and bring home billions of dollars in cash. Well, not necessarily. Apple AAPL, +0.22% said in its release that the company planned to “create over 20,000 new jobs through hiring at existing campuses and opening a new one.” The key word there is “create,” which Apple really likes to use when discussing jobs: The company even has a portion of its website dedicated to “job creation” that claims it is “responsible for 2 million jobs” in the United States, most of which are jobs “attributable to the App Store ecosystem.” Apple currently employs 84,000 people in the U.S., it said Wednesday,
Under the old tax code, the average family of four (that submitted taxes married-filing-jointly) received a tax break of $16,200 through the personal exemption, one $4,050 exemption for every member of the family. “The idea is that that loss of $4,900 of shieldable income will be offset by the lower brackets,” said Rebecca Walser, a tax attorney at Walser Wealth. Your marginal tax rate is changing, but so are the income levels.
Question: My wife died two years ago at age 53. I am currently 53. At the time, I was told that I would receive 80% of her Social Security when I reached retirement age in addition to my Social Security if I did not remarry. Is this true? We both worked long enough to qualify for Social Security at retirement age. Answer: Looks like you got some bad information, according to Joe Elsasser, president of Covisum and the developer of Social Security Timing. "The general rule of thumb for coordinating all benefits is that a beneficiary receives the higher of his or her own benefit or the benefit of the deceased," he said. That said, even after the law changes a few years ago, Elsasser said there are
Early retirement planning makes you rethink what brings you happiness and life satisfaction outside of your career and improves your financial footing. Many Americans are unprepared for retirement and may need to continue working during their 60s and beyond. The sooner you begin planning and making serious efforts to secure your retirement future, the greater your chances of achieving it.
One stock that might be an intriguing choice for investors right now is ConocoPhillips COP. This is because this security in the Oil and Gas - Integrated - United States space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is arguably taking place in the Oil and Gas - Integrated - United States space as it currently has a Zacks Industry Rank of 27 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Retail REIT Realty Income Corporation O has announced a hike in its common stock monthly cash dividend, rejoicing shareholders. This marks the company’s 95th dividend increase since its NYSE listing in 1994. The company will now pay 21.90 cents per share against 21.25 cents paid earlier.
Ferrellgas Partners L.P. FGP announced that its subsidiary Bridger Logistics will sell Bridger Energy, LLC to an undisclosed buyer. The financial consideration is yet to be revealed. The primary objective of this deal is to lower the overall debt level
Shares of Micron Technology Inc. (MU) have been on fire lately. Shares closed up 3.12%, at $44.26 Wednesday. Since the start of August, this $51 billion semiconductor stock has rallied more than 61%, leaving the rest of the broad market in its dust. And according to Wall Street analysts' price targets, we're only just getting started. Micron has one of the biggest upsides to analysts' average 12-month price targets in the S&P 500, according to data compiled by Bloomberg. The average $58.85 target for shares implies another 33% upside move in the year ahead. That rally leg could happen sooner than those analysts imagine, though. That's because Micron is currently teetering on the verge of a key
If you bought a Bitcoin in early 2017, when one cost less than $900, you could have a profit of more than 1,200 percent now. More than $2,000 of that decline came in about 24 hours, after South Korean Finance Minister Kim Dong-yeon indicated the country may crack down on cryptocurrency trading to discourage speculation. For the many doubters who can’t believe things have come this far—and for Bitcoin owners who can see how much they might lose—the big question is what it would take to knock the price back further.
The iPhone cycle will disappoint this year, according to one Wall Street analyst, who issued a rare downgrade of one of the market's most popular stocks. Longbow Research lowered its rating for Apple (AAPL) shares to neutral from buy, predicting the company will ship fewer iPhones than expected in fiscal 2018. "Apple found iPhone price elasticity with the introduction of the X blunting some demand.
The Procter & Gamble Company PG is set to report second-quarter fiscal 2018 results on Jan 23, before market open. The company’s total sales grew only 1% in the first quarter. The improvement during the last reported quarter was due to higher shipment volumes.
NextEra Energy, Inc.’s NEE subsidiary Florida Power & Light Company (“FPL”) announced its plans to apply federal tax savings toward the Hurricane Irma restoration cost of $1.3 billion. After recovering the costs, the unit anticipates saving each of its 4.9 million customers an average of approximately $250. With the execution of the aforementioned plan, the unit intends to exclude customers from paying a surcharge for Hurricane Irma restoration as previously anticipated.
A group of investors led by SoftBank is taking a large stake in Uber in a deal that will further enrich the ride-hailing company's billionaire founder. Uber said it has closed the deal with the consortium, which is purchasing $1.25bn in new shares and a large number from existing shareholders. Uber founder Travis Kalanick, who stepped down as chief executive in June, is reportedly one of the sellers. The consortium will have a 17.5% stake in the company. As part of the deal, Uber's board has expanded from 11 to 17 directors, with Softbank's investor group taking two of the new seats. The infusion of money comes as Uber concludes a difficult year, in which it faced a sexual harassment scandal,
Apple on Wednesday announced plans to open a new campus in the United States and said it would hire 20,000 new employees over the next five years. It also says it plans to pay $38 billion in repatriation tax. CNBC estimated that with the new repatriation tax rate of 15.5%, the company would bring nearly all its overseas cash, or about $245 billion, back to the United States.
Amazon AMZN announced on Thursday that it had officially narrowed the list of candidates for its second headquarters down to 20, eliminating the vast majority of the reported 238 applicants and brining the remaining cities one step closer to the 50,000 jobs promised by the e-commerce behemoth. Not surprisingly, Amazon’s shortlist includes several locations in the Midwest and South and on the East Coast. Getting from 238 to 20 was very tough – all the proposals showed tremendous enthusiasm and creativity,” said Holly Sullivan, Amazon’s head of economic development, in a press release.
Cryptocurrencies of all sizes got smoked this week, when a “bloodbath” of sell-offs wiped out roughly 43% of the world’s total cryptocurrency market cap. XRP, the third-largest cryptocurrency by market cap, has gained over 75% since Wednesday’s lows, trading at $1.614 per coin Thursday evening, according to Markets Insider data. The digital coin had plunged well below the $1 mark on Wednesday, bottoming out at $0.8771, in the depths of a global cryptocurrency sell-off.
As headlines like "Amazon Is Secretly Becoming a Bank" and "Google Wants to Be a Bank Now" increasingly crop up in the news, tech giants are coming into the spotlight as the next potential payments disruptors. To mitigate potential losses under this scenario, traditional players will have to grasp not only the level of the threat, but also which segments of the financial industry are most at risk of disruption. Google, Apple, Facebook, Amazon, and Microsoft, collectively known as GAFAM, are already active investors in the payments industry, and they're slowly encroaching on legacy providers' core offerings. Each of these five companies has introduced features and offerings that have the potential to disrupt specific parts of the banking system.
Per reports, biotech bigwig Celgene Corporation CELG is looking to acquire smaller biotech Juno Therapeutics JUNO. Celgene is on the look-out of new deals and acquisitions given a lacklustre 2017. Celgene suffered a series of setbacks over the last few months. Earlier in Jan 2018, Celgene announced it will acquire Impact Biomedicines for an upfront amount of $1.1 billion.
Apple (AAPL) is making a major investment in the U.S. economy. In a release on Wednesday afternoon, the world’s largest publicly-traded company said it would make a “direct contribution” of $350 billion into the U.S. economy over the next five years. The company said this number does not include ongoing tax payments, or tax revenue generated by wages paid to employees or sales tax on Apple products.
The investigation comes as Broadcom pursues a hostile takeover of Qualcomm in a $103 billion deal. Since the FTC would likely review any merger for anticompetitive practices, the current probe could make regulatory approval more challenging. Broadcom was recently issued subpoenas that seek an extensive amount of information, according to the Wall Street Journal, which was the first to report the probe on Wednesday.
Morgan Stanley released fourth-quarter earnings Thursday, and, like the rest of the big Wall Street banks, it beat analyst expectations. "Over the course of the full year we achieved the strategic objectives outlined two years ago," CEO James Gorman said. "In 2017, pretax earnings grew by 18%, driven by a 10% increase in revenues, with growth across all our business segments.
Is it possible to retire a millionaire without having a 401(k) plan? It’s true that a 401(k) can be an extremely powerful tool for fueling your retirement savings efforts. However, research from Pew Charitable Trusts shows that 42% of workers don’t have access to one through their employer. And, of the 58% that do, less than half are participating. If your goal is retiring a millionaire but saving in a 401(k) isn’t an option, you’ll need to work a little harder to hit your target. Fortunately, there are some savings alternatives you can use to grow a seven-figure retirement nest egg. Start with an IRA An individual retirement account (IRA) is one of the most obvious ways to sock away $1