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.
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.
Tesla Inc. may be falling short of its production goals for the Model 3, but investors may not necessarily care, analysts at Consumer Edge said in a note Friday. Tesla TSLA, -1.31% likely will be making 2,000 Model 3 sedans a week by the end of this month, below its target of churning out 2,500 of the key mass-market vehicles, said the analysts, led by James Albertine. Consumer Edge recently hosted meetings with Tesla executives, and the potential Model 3 production miss was one of its “key takeaways” after the discussions, the analysts said. Related: Ford finally gets ‘buy’ rating from Morgan Stanley, after 4 years of bearishness Consumer Edge kept its buy rating on Tesla unchanged, with a
It used to be conventional thinking that you retire at age 65. This is the age at which you can begin Medicare. You can also take Social Security then, although the age at which full retirement benefits begin is 66 for those born between 1943 and 1954, rising gradually to 67 for those born after 1959. And you can start receiving permanently reduced benefits at 62. There's also another age to be aware of: 70½. This age triggers the rule that you must begin to take required minimum distributions (RMDs) from both any qualified retirement plans from work [401(k)s, for example] that you own and from any traditional IRAs. (Roth IRAs do not have required minimum distributions in the account holder's
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.
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are under pressure early Monday as investors shrugged off Friday’s bullish reaction to a “60 Minutes” segment on Saudi Arabia while shifting their focus to rising drilling activity in the United States, which pointed to further increases in output. At 0707 GMT, May WTI crude oil is trading $62.17, down $0.24 or -0.38% and June Brent crude oil is at $65.75, down $0.30 or -0.45%.
Here are some of the companies with shares expected to trade actively in Monday’s session. Stock movements reflect premarket trading. —Down 4.3%: The social-media giant ignited a firestorm over how it manages third-party access to its users’ information, after the social network said a firm with ties to the 2016 Trump campaign improperly kept data for […]
Wall Street may have a mixed attitude towards cryptocurrency, but those who work in the crypto Wild West are learning from the old school. Binance, the world’s largest cryptocurrency exchange by trading volume, has implemented trading restrictions on its employee that its CEO says he learned from big investment banks. “We allow our employees to hold cryptocurrency because we believe in its future, which will be more valuable than fiat money,” Binance CEO Changpeng Zhao tells Yahoo Finance.
Sergii Kharchenko | NurPhoto | Getty Images Apple will suffer as consumers are increasingly less willing to buy expensive smartphones, according to one Wall Street firm. Nomura Instinet reaffirmed its neutral rating on Apple shares, predicting the company will report iPhone unit sales below expectations this year. "Our demand checks suggest little improvement in iPhone demand in 2018. Corresponding supply chain downticks suggest iPhone expectations have yet to bottom," analyst Jeffrey Kvaal wrote in a note to clients Monday. There are "further signs of trouble at the high end of the market. … One factor that is likely suppressing the smartphone market is price. We see several indications the
While investor appetite looked encouraging with three days to go before final pricing, it was not clear if that would be strong enough to lift the deal above of the initial range of $16 to $18 a share that Dropbox set last week. "It is early to predict the pricing. The three sources asked not to be named as the IPO pricing process was still underway.
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.
Ankur Jain, Kairos founder and CEO, discusses how his start-up, Rhino, plans to revolutionize the rental market by replacing one-time security deposits with affordable monthly fees.
The U.S. antitrust trial against AT&T Inc.’s proposed takeover of Time Warner Inc. opened with clashes over whether the Justice Department should be allowed to introduce internal company documents that it claims contain “startling” admissions. U.S. District Judge Richard Leon is weighing arguments from the department’s antitrust division and AT&T about the standards for allowing the documents as evidence in the trial, which began Monday in federal court in Washington. The dispute could be key to the government’s argument that the Time Warner takeover should be blocked on antitrust grounds.
Berkshire Hathaway Inc. Chief Executive Warren Buffett makes less than twice the company’s typical employee, the conglomerate said in a filing Friday. Buffett has earned a $100,000 salary for decades, and receives no bonus or other compensation. Berkshire said its median employee received $53,510 in 2017, or a ratio of 1.87 to 1. Berkshire’s second in command, Vice Chairman Charles T. Munger, has also received a $100,000 salary and no other compensation for years. Earlier on Friday, Boeing Co. BA, +0.15% reported its CEO made more than $18 million in compensation last year, resulting in a CEO-pay ratio of 166 to 1, and PepsiCo Inc. PEP, -0.31% said its CEO made more than $31 million, or a ratio
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
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.
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
Advanced Micro Devices, Inc. (NASDAQ:AMD) has been hit by another security scare, this time a report from CTS Labs. The Israeli company detailed 12 “critical flaws” in its Ryzen chips, and gave AMD only 24 hours notice before publication. It couldn’t have helped but affect AMD stock.
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%
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.
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.
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.
Geron Corporation GERN reported a loss of 5 cents per share for the fourth quarter of 2017, which was wider than the Zacks Consensus Estimate of a loss of 4 cents and flat with the year-ago period. Quarterly revenues surged 103% to $0.19 million from the year-ago quarter. Revenues, however, missed the Zacks Consensus Estimate of $1 million.