Disney has agreed a deal to buy much of 21st Century Fox's studio and television production assets for $52.4 billion. The companies said in a press release that the acquisition would result in at least $2 billion in "cost savings from efficiencies," which could mean layoffs. Disney has agreed a deal to acquire much of 21st Century Fox's studio and television production assets for $52.4 billion.
When purchasing a new home, more than 90 percent of buyers opt for a 30-year fixed rate mortgage. This type of mortgage is affordable, flexible and easy to keep track of. Because borrowers are locked into a rate, it's also a stable option that won't end up costing more unexpectedly in the future. But financial expert and former CNBC host Suze Orman says homebuyers are overlooking an easy way to save big. While there's nothing necessarily wrong with choosing a 30-year mortgage, "I wish more people would take out a 15-year mortgage instead," she writes in a post on her blog. Suze Orman explains how much money you'll need to have when an emergency happens 12:46 PM ET Thu, 15 June 2017 | 01:01
Teva Pharmaceutical Industries Ltd. announced some of the most sweeping job cuts in the drug industry, eliminating 14,000 positions globally as new Chief Executive Officer Kare Schultz seeks to stabilize a company suffering from ill-timed acquisitions and rising competition for its copycat medicines. The workforce could shrink further as the world’s largest manufacturer of generic medicines considers more divestments, it said.
In case you missed it, Sears announced it was pushing out a debt maturity from 2018 to 2019. All in, it's a huge sign that Sears could be hanging "going out-of-business" signs in many more stores in 2018. Sears stock tanked almost 6% on Tuesday as the plans were likely leaked (this stuff is always leaked) -- it would be shocking if the stock doesn't dive again Wednesday.
At the center of the recession, and the financial crisis that rocked markets in 2008, was the housing bubble. The number of homeowners who are underwater on their mortgage – meaning they owe a lender more than their home is worth – is still more than double what was normal in the years before the bubble. It may seem jarring that more than a million homeowners still haven’t climbed above water so many years after the bubble burst, even in a housing market supposedly starved for inventory.
Today's retirees have their work cut out for them. Interest rates remain low, which makes generating income in retirement more challenging. Many retirees won't get much of a Social Security's cost-of-living increase will next year. For many, pensions
"We see that 2018 might not be quite so happy for OPEC producers, " the Paris-based organization said in its latest monthly report Thursday. The IEA said that there were signs that the rise in U.S. crude oil supply was likely to continue into 2018 and upset rivals who are cutting back. Major oil producing group OPEC and ten non-OPEC producers led by Russia continue to cut production in order to boost global oil prices and rebalance markets put out of kilter in 2014 by a glut in supply and lackluster demand.
Coinbase, the leading U.S. platform for buying and selling major digital currencies, said twice on Tuesday that transactions in ethereum (Exchange: ETH=) were "temporarily disabled." In the morning New York time, Coinbase said buys and sells of ethereum and litecoin were temporarily disabled. Earlier, a spokesperson for Coinbase said in a statement that "the site is seeing high traffic volume at the moment and some users may be experiencing intermittent service outages." Ethereum seven-day performance Source: CoinMarketCap Coinbase's GDAX exchange website also said there is a "partially degraded service," as of 2:38 p.m. Ethereum briefly surged more than 23 percent Tuesday to a record high of $637.62, according to CoinMarketCap.
LOL: First story I read Tuesday wasn't about the dollar ahead of the Federal Reserve meeting, oil prices spiking to $65 a barrel or a key policy proposal for el Presidente Trump. Nope, it was about cryptocurrency litecoin. Over the past 24 hours, litecoin has exploded roughly 67% to $250 as interest in bitcoin futures casts a halo throughout the cryptocurrency realm. Litecoin's market cap: $13.1 billion at last check. That's nowhere near bitcoin's almost $300 billion, but still worth more than Sears (SHLD) ($459 million) and impressive in the grand scheme of things. Wondering what litecoin is? It's described as being a lightweight alternative to bitcoin. Whatever that means ... Quick take on
Chicago-based Boeing (NYSE: BA) has operations around the country. Here are other recent stories reported by The Business Journals. The Trump effect could give Boeing an edge over Airbus in the fight for Delta's big jet deal Boeing may have gained an edge over Airbus as the jet makers battle for a Delta Air Lines order of up to 100 single-aisle jets, thanks to the Trump effect, an aerospace analyst said Monday. (Puget Sound Business Journal) Boeing tea leaves signal more potential Wichita-boosting plans News surrounding the Boeing Co. is sending up more signs that a passenger version of its 767 model might be nearing a restart, a move that would drive additional work in Wichita in the future. (Wichita
The Senate is reportedly working on a draft of a house financing reform bill that could have huge implications for Fannie Mae and Freddie Mac. Since 2012, all of Fannie and Freddie's profits have been turned over to the government under the terms of their bailouts during the financial crisis. The good news for Fannie and Freddie started in May when Federal Housing Finance Agency director Mel Watt said it would be irresponsible to keep the two government-sponsored entities under government conservatorship without recapitalizing them to provide a cushion in the event of another housing market downturn.
Thirty-seven years ago Tuesday, Apple Inc. went public, raising a little over $100 million by selling its stock for $22 a share (40 cents on a split-adjusted basis). Some 40 Apple employees became instant millionaires, starting with Steve Jobs, who was suddenly worth $217 million. Apple has since gone on to do many amazing things, and for at least the last decade it has also been an amazing stock, with a market capitalization that last month topped $900 billion, an astounding figure.
Shares of Nvidia Corp. ( NVDA) have had a rough couple of weeks, with a stock that has fallen by nearly 11.5% since November 24, while the S&P 500 has risen by almost 2.5%. To be fair, the iShares PHLX Semiconductor ETF ( SOXX) has fallen by nearly 7.5%.
CNBC's Steve Liesman reports the results of the CNBC Fed Survey, including respondents' answers about bitcoin.
Dow component United Technologies Corporation ( UTX) spent the first three quarters of 2017 underperforming its defense contracting peers, but the stock has surged higher since September and has now reached major resistance at the 2015 bull market high. In turn, this price action has completed a multi-year inverse head and shoulders pattern, with a breakout having the potential to reach the $160s.
Irish pharma giant Allergan plc AGN has recently inked a definitive agreement to acquire a Texas-based development stage biopharmaceutical company, Repros Therapeutics RPRX. Shares of Allergan have declined 18.2% this year so far, comparing favorably with the industry’s decrease of 28.1%. Pursuant to the agreement, Allergan will execute the acquisition through its subsidiary for a cash tender offer of $0.67 per share of Repros’ common stock.
In 2017, Wal-Mart Stores Inc (NYSE: WMT) has proven that there's plenty of room for two e-commerce giants to thrive in the U.S. market. According to Stifel analyst Scott Devitt, there's no need for U.S. investors to pick between Alibaba Group Holding Ltd ( BABA) and JD.com Inc ( JD) in China. While Alibaba and JD continue to compete with each other for market share, both will likely deliver huge growth numbers in the years ahead.
What a year it's been for Bitcoin. The cryptocurrency has continued to soar from lows of $778 in January 2017 to record highs of more than $17,000 on Dec. 12. As we move forward into 2018, there are a number of Bitcoin developments worth monitoring, not all of them having to do with just its price.
T-Mobile US Inc. agreed to acquire closely held Layer3 TV Inc. as the wireless carrier prepares to enter the crowded field of online television service next year. With the purchase, T-Mobile joins its larger peers AT&T Inc. and Verizon Communications Inc. in a strategic shift to media and video ventures as the wireless industry struggles to find new growth. AT&T started an online TV service called DirecTV Now a year ago that recently exceeded 1 million subscribers.
is giving investors a painful reminder in 2017 that a great company can be an awful stock. Without a doubt, GE is an industrial powerhouse. GE has been a truly awful stock all year long, shedding more than 43% of its market value in the last 11 months, all while missing out on a near-20% broad market rally over that same timeframe.
Around April, Chipotle stock began climbing higher, as investors warmed up to the stock and foresaw great potential in the business. After all, it was on the cusp of going 18 months without a food-illness breakout -- a time frame TheStreet's Jim Cramer said was critical for the stock to get back on track. takeout for $2.9 billion, some are suggesting that Chipotle may be the next to go.
The fascination with virtual currencies feels more like a "speculative mania", the head of Australia's central bank said on Wednesday, just days after the launch of the world's first bitcoin futures. Cryptocurrency bitcoin surged past $17,000 on Tuesday to an all-time high, two days after futures trading began on Chicago-based derivatives exchange CBOE Global Markets.
For traders used to seeing arbitrage plays vanish within seconds, bitcoin futures’ rise back to more than $1,300 above the spot price a full day after their debut is another testament to the cryptocurrency’s unconventional evolution. Professional investors and analysts predict the premium will collapse over time. Yet its persistence and volatility -- from as low as 1.8 percent to as high as 13 percent -- indicate how a market that’s captured Wall Street’s attention can still be slow to homogenize. There are many impediments to closing the gap, but it’s not impossible. Watching the premium may be just the latest fleeting obsession of traders. “For the moment, this premium can be sustainable --
Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans. Under an agreement between the House of Representatives and the Senate, the corporate tax would be 1 percentage point higher than the 20 percent rate earlier proposed, but still far below the current headline rate of 35 percent, a deep tax reduction that corporations have sought for years.