World Wrestling Entertainment, Inc. WWE, which belongs to the aforementioned industry, has benefited from the trend with the stock gaining 39.2%. Stocks such as IMAX Corporation IMAX, Twenty-First Century Fox, Inc. FOXA and Lions Gate Entertainment Corp. LGF.A, have also witness upsides of 20%, 26.6% and 3.4%, respectively. The company’s record revenues primarily came on the back of substantial increase in revenues in North America, Europe/Middle East/Africa (“EMEA”) and gain in WWE Network’s total subscriber base.
The S&P 500 could hit 3,000 by the end of 2018, Bank of America Merrill Lynch's technical team says. It says the chart for 2018 looks a lot like that of 2014, when the S&P gained 11%. Oppenheimer's John Stoltzfus also recently set his 2018 target for the S&P 500 at 3,000.
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. Veteran Bainbridge Island aerospace watcher Scott Hamilton said the Boeing's 737 Max and the Airbus A320neo are almost identical in terms of economics and performance. "Those I’ve talked to in the market think that on the merits, the choice between Airbus and Boeing is a coin toss. But throw in Trump’s Buy America and the C Factor (Boeing filing a trade complaint against Delta after it bought Bombardier CSeries regional jets), those I’ve talked to think Boeing is more likely to get the nod than Airbus," Hamilton
Lothar Mentel, CEO and CIO at Tatton Investment Management, gives his thoughts on the bitcoin and cryptocurrency craze.
Retirement benefits often have complicated rules, and it's easy to trigger fees. Here are some retirement penalties you can avoid with careful planning. The penalty is applied in addition to the regular income tax due on the withdrawal.
One stock that might be an intriguing choice for investors right now is Chevron Corporation CVX. This is because this security in the Oil and Gas - Integrated – International space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. Meanwhile, Chevron is actually looking pretty good on its own too.
Ether, the digital token of the Ethereum blockchain, just reached a major milestone. The price of the cryptocurrency surpassed $600 for the first time Tuesday, and surged as high as $635.00, according to data by CoinDesk, whose price index tracks prices from cryptoexchanges Bitstamp, Coinbase and Bitfinex. Ether is the second-largest digital currency by market value, according to Coinmarketcap data, and is commonly used in digital coin sales known as initial coin offerings (ICOs).
Commodities will bring better returns than other assets in the long run, according to Goldman Sachs Group Inc. Strong global demand growth across raw materials reinforces the case for owning them, the bank said in a Dec. 11 report, maintaining its 12-month overweight recommendation on commodities. Goldman sees returns of 10 percent in 2018, driven by a market structure known as backwardation that’ll lead to a positive roll yield -- when investors sell more-valuable, expiring contracts at the end of each month and buy less-expensive futures in order to maintain their exposure.
Coinbase, the popular cryptocurrency trading platform, blocked users Tuesday from buying red-hot litecoin and ether. On Tuesday, litecoin hit a record of $312, and ether soared to more than $600 for the first time. CoinbaseCoinbase on Tuesday halted trading of red-hot litecoin and ether, according to cryptocurrency watcher CoinDesk.
Toshiba Corp. and Western Digital Corp. have agreed in principle to settle their legal dispute over the $18 billion sale of Toshiba’s flash-memory business with a formal announcement expected within the next 24 hours, according to people familiar with the matter. The U.S. company will drop arbitration claims in the U.S. that were aimed at stopping Toshiba from selling the chip business to a consortium led by Bain Capital, while the Japanese company will end its legal claims against Western Digital, said the people, asking not to be identified because the matter is private. As part of the settlement, Western Digital will be able to invest alongside Toshiba in a cutting-edge chip plant in Japan and receive a guaranteed supply of next-generation memory chips, they said.
For many investors, the search for value in the stock market is vital. And the hunt for value is something more investors might start to consider at a time when growth investing, which stems in large part from the rise of tech giants like Amazon AMZN
Below and attached is a list of names for those charts we believe are showing technical characteristics of either bullish or bearish reversal patterns that occurred over the past week. Bullish reversals imply institutional accumulation and the potential
Monsanto Co will give cash back to U.S. farmers who buy a weed killer that has been linked to widespread crop damage, offering an incentive to apply its product even as regulators in several U.S. states weigh restrictions on its use. The incentive to use XtendiMax with VaporGrip, a herbicide based on a chemical known as dicamba, could refund farmers over half the sticker price of the product in 2018 if they spray it on soybeans Monsanto engineered to resist the weed killer, according to company data. The United States faced an agricultural crisis this year caused by new formulations of dicamba-based herbicides, which farmers and weed experts say harmed crops because they evaporated and drifted away from where they were sprayed.
The gains come the day after Cboe Global Markets, a a Chicago-based exchange operator, launched trading of Bitcoin futures contracts. Litecoin initially saw a hefty loss last week after Coinbase’s GDAX exchange crashed last week, briefly sagging below the $100 mark before this week’s skyrocket in price. Litecoin uses a slightly different mining technique than bitcoin, but has been largely left out of the cryptocurrency explosion.
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
Stocks get a boost on the back of a resurgent tech trade, and bitcoin blasting off – again. Catch The Final Round at 3:55 p.m. with Jen Rogers and Yahoo Finance Editor-in-Chief Andy Serwer. Syros Pharmaceuticals after it reported clinical results for its AML treatment, Ulta Bauty as Jefferies cut its Q1 EPS forecasts for the cosmetics retailer, and Spark Therapeutics – share slipping as the biopharma name reported weaker than expected results for its hemophilia treatment.
Bitcoin 's meteoric price rise has stunned critics and enthusiasts alike, leaving investors scrambling to understand the fundamental reason for the digital currency's runaway rally. Valentin Marinov, head of G-10 FX research at Credit Agricole (Euronext Paris: ACA-FR) CIB, told CNBC on Monday that he was hopeful he now understood the reason behind bitcoin's soaring value. Bitcoin was up 9.25 percent higher midday Monday ET at $16,427.16, according to CoinDesk's bitcoin price index.
As we say goodbye to 2017, we look towards a year of increased uncertainty when it comes for your finances. A few things were set to change in 2018 thanks to inflation adjustments. Other changes were set to be made to the alternative minimum tax, tax bracket boundaries, and tax credits like the earned income credit.
By Julia Fioretti BRUSSELS (Reuters) - Social media giant Facebook said on Tuesday it would start booking advertising revenue locally instead of re-routing it via its international headquarters in Dublin although the move is unlikely to result in it paying much more tax. Facebook Chief Financial Officer Dave Wehner said the company had decided to move to a local selling structure in countries where it has an office to support sales to local advertisers. "In simple terms, this means that advertising revenue supported by our local teams will no longer be recorded by our international headquarters in Dublin, but will instead be recorded by our local company in that country," Wehner said in a blog post.
Chamath Palihapitiya, who first bought bitcoin years ago at an average price of about $100, still believes the cryptocurrency has much further to go despite the monster rally this year. "I think this thing is a $100,000 a coin probably in the next three to four years.
Facebook Messenger boss David Marcus is joining the board of bitcoin startup Coinbase. The move is a big win for Coinbase, which has the most popular app in the Apple's US App Store, thanks to the bitcoin craze. As interest in bitcoin soars, a senior Facebook executive is joining the board of Coinbase, a startup that helps consumers trade and store the cryptocurrency.
HSBC drew a line under its punishment for lapses in anti-money laundering controls on Monday, saying the U.S. Department of Justice (DoJ) would end its deferred prosecution agreement, lifting the threat of further penalties. Europe's biggest bank paid a $1.9 billion fine and entered into the five-year deal in 2012 for failing to prevent Mexican drug cartels from laundering hundreds of millions of dollars. Under the deal, HSBC pledged to strengthen its sanctions and anti-money laundering controls.
Julie Larson-Green left Microsoft in November after a 25-year career there that spanned working on everything from Windows to Microsoft Office to Surface devices and has landed at Qualtrics. Larson-Green is taking on the role of Chief Experience Officer for Qualtrics, a startup valued at $2.5 billion. There was a bit of serendipity to how she met Qualtrics' CEO Ryan Smith.
Many investors have noted the disparity in values between the spot price of bitcoin on various exchanges and its futures premium, with expectations that that gap will narrow as futures trading matures. “A wave of short sellers hasn’t hit the market, and we see firmer bitcoin futures and a new all-time high in the bitcoin price,” said Chris Weston, chief market strategist at IG, in a note. Cboe rival CME Group Inc. (CME) is slated to launch a bitcoin futures on Dec. 18.