President Donald Trump has crowed about dismantling the Affordable Care Act, even as he has failed to repeal it. One group of health-care consumers have had a rough go during the last several years: The 6.7 million Americans who aren’t covered by an employer, who buy insurance on the individual market and who earn too much money to qualify for subsidies under the ACA. Trump wants to help people trim their health-insurance bill, and he has introduced several measures that will help — but only for people who don’t get hurt or sick.
Orders for the mining machines and construction bulldozers made at this sprawling Caterpillar Inc. factory in central Illinois have jumped, in general, three-fold over the past year. Years of watching Caterpillar and other big manufacturers cut inventories, close plants and axe workers in the last downturn has embedded caution in Kirsh's ambition to expand after the surge in orders, reflecting a more fundamental shift in how many industrial businesses view expansions, according to interviews with Caterpillar executives, more than a half-dozen Caterpillar suppliers and U.S. economic data. "I just wasn't sure it was real," said Kirsh, speaking from a windowless office at the front of Kirsh Foundry Inc., in Beaver Dam, Wisconsin, which makes metal parts for Caterpillar and other customers.
Sometimes, the stuff that people say about early retirement (and early retirees) is terrible. It is assumed that early retirement is the end of productive life and that unless we’re swimming in millions in cold hard cash, early retirement will eat us alive. As I said in my one-year early retirement performance review, early retirement is all that it’s cracked up to be.
Jim Cramer uses Amazon's stock to explain why buying broken stocks can boost investors' earnings.
Frontier Communications Corp. and its bondholders are back at the negotiating table after the debt-laden telephone service company’s asset auction failed to generate an acceptable price, people with knowledge of the matter said. The company, which serves small towns and midsize cities, received multiple bids for landline assets in Florida this month but decided not to sell because none of the offers were high enough, said the people, who asked not to be identified because the matter is private. Struggling under a debt load that’s more than 23 times the size of its market capitalization, Frontier has been considering a sale of landline assets in California, Florida and Texas since at least February.
A sharp rise in interest rates last week meant far fewer homeowners could benefit from a mortgage refinance. Refinances are 27 percent lower than a year ago and now make up just under 36 percent of mortgage application volume.
The BTC prices continued on their quiet consolidation and ranging over the last 24 hours as there was not much fundamentals or economic data to rock the crypto market as such. Why Bitcoin Cash is Better than Bitcoin? How to Short Bitcoin?
JPMorgan Chase JPM CEO Jamie Dimon is the chairperson of one of the world's most valuable banks. "I've always said family first, country second, JPMorgan literally last," says the 62-year-old father of three. Within four years, Dimon managed to turn the company around and sell it to JPMorgan Chase in 2004 for $58 billion .
The GE mess continues. Most of you know that I fought a long battle with a net long equity position with General Electric for most of 2017 into 2018. It took every skill I had, and as well as some out-sized risk taking ( I got run over twice) just
While Teva Pharmaceutical Industries Ltd (ADR) ADR (NYSE:TEVA) faded from last Wednesday highs, shares ultimately climbed about 3% that day. No, it wasn’t earnings or a new drug that gave TEVA stock a bump. Instead, it was Warren Buffett.
After years of growth, Celgene Corporation (NASDAQ:CELG) has spent the past eight months suffering from ever-weakening price action. In fact and with shares of Celgene now off a full 50% from 2017’s all-time-highs following Monday’s 4.70% price drop, you could say bears have been acting with barely any hesitation in CELG stock. The latest ‘disappointment’ in shares of Celgene, judging by Monday’s price reaction, is a report that Celgene’s top dog of business development discreetly retired over a month ago.
The law firm founded over a decade ago by the attorney taking on Donald Trump and his longtime fixer Michael Cohen on behalf of an adult film star got socked with a $10 million judgment in an unrelated dispute with a former law colleague. A federal bankruptcy judge in Santa Ana, California, granted a motion for judgment Tuesday against Michael Avenatti’s former law firm, Eagan Avenatti LLP.
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.
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.
Uber plans to offer all its European drivers an upgraded version of the health insurance it already provides in France in a drive to attract independent workers and fend off criticism over their treatment. The San Francisco-based taxi app, which tied up with insurer AXA last year to offer French drivers accident cover, said the scheme will include other European countries and a maternity/paternity payment from June 1. Uber's new chief executive Dara Khosrowshahi is scheduled to meet French President Emmanuel Macron on Wednesday, ahead of so-called "Tech for Good" workshops with the heads of tech giants Facebook, Microsoft and IBM.
Harold Hamm, Continental Resources CEO, talks to CNBC's Brian Sullivan about rising oil prices.
What drives shares or pulls them down after a company comes up with quarterly earnings? A positive earnings surprise or an earnings beat is typically the case when actual or reported earnings come in above the consensus estimate. Also, seasonal fluctuations are a vital factor in determining a company’s earnings growth.
Want to know why the Dow Jones Industrial Average is doing what it's doing? The S&P 500 has gained 0.2% to 2728.96, while the Dow Jones Industrial Average has advanced 12.13 points to 24,846.54. The Nasdaq Composite has risen 0.5% to 7413.33.
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
The North American Securities Administrators Association (NASAA) just announced “Operation Cryptosweep,” one of the largest coordinated enforcement actions by U.S. and Canadian regulators to crackdown on fraudulent Initial Coin Offerings (ICOs). The task force was convened in April 2018 and includes members from more than 40 jurisdictions throughout North America and has resulted in nearly 70 inquiries and investigations and 35 pending or completed enforcement actions related to ICOs or cryptocurrencies since the beginning of May.
Comcast Corp. confirmed that it may make an offer for the entertainment assets that 21st Century Fox Inc. has agreed to sell to Walt Disney Co., escalating a bidding war that’s already underway over Fox’s European satellite business. Comcast “is considering, and is in advanced stages of preparing, an offer for the business that Fox has agreed to sell Disney,” it said in a statement. The cable giant said that while no final decision has been made, work to finance the offer and preparation to file key regulatory statements is “well advanced.” A person familiar with the discussions said earlier this month that Comcast was mulling such a step.
Netflix, Inc. (NASDAQ:NFLX) shares are a coiled spring about to pop. Let’s chronicle the recent action in the tech sector and identify how to best capitalize on the resolution of Netflix’s triangle formation. Since reclaiming the high ground above the 50-day moving average, the tech-laden Nasdaq has been in a holding pattern.
The company said Wednesday that the investment will go toward research and development and capital expenditures. United Technologies Corp. has more than 200,000 employees in over 75 countries. The 35,000 positions will mostly be from retirements and normal turnover, the company said, but it anticipates several thousand will be new jobs.
With nothing more than a quick glance at the headlines, one might conclude it’s just another case of the analyst community playing a game of “chicken,” with NVIDIA Corporation (NASDAQ:NVDA) serving as the proverbial guinea pig. Who’s willing to set the highest target price for NVDA stock. Cowen analyst Matthew Ramsay is the current leader of that contest, by the way, raising his target to $325 per share last week.
How lucky it is to be Micron Technology Inc. (NASDAQ:MU) right now. Think about gaming and artificial intelligence — all the fast-twitch services that are replacing simple searching and information accessing. Micron and its memory chips are at the sweet spot of all this, but even after an historic run-up since the end of December 2015 — the stock price jumping from $10.50 per share to the May 21 market open of nearly $55 — it’s still trading at just 8.4 times earnings.