FedEx’s earnings, posted a month before the quarterly flood from other companies, generally attracts close attention because the delivery business is a proxy for economy. FedEx also faces a threat as Amazon.com Inc. builds its own shipping capabilities.
Financially speaking, though, car ownership today is a terrible idea, O’Leary said. You’re thinking about buying a car. Let me give you a new idea: Don’t,” O’Leary said on CNBC.
Happy Monday. Stocks tumbled on Monday, December 17, with investors cautious over the health of the world economy and two key policy events in focus this week. With U.S. stocks having their weakest performance in December in 16 years, the Federal Reserve's decision on interest rates Wednesday will be paramount in defining both the final trading days of the year and the broader market tone heading into 2019.
Many cryptocurrencies saw range-bound price action in early Asian market hours following reports that Hong Kong would tighten regulations on digital coins. Citing the Securities and Futures Commission’s guidelines, South China Morning Post (SCMP) reported that the regulator would soon require local investment funds to obtain a license if more than 10% of the assets they manage are made up of cryptocurrencies. Today’s market hours so far has seen legacy cryptos maintain stability in price action having recovered from recent lows.
Deductions for these contributions are subject to income phaseout ranges, depending on their earnings and if they have access to a workplace retirement program: • For 2019, single taxpayers covered by a workplace retirement plan have a phaseout range between $64,000 and $74,000, which means anything below $64,000 is fully deductible and anything above $74,000 is not. For married couples filing jointly, where the spouse making the IRA contributions is covered by a workplace retirement plan, the phaseout range is $103,000 to $123,000.
Most people think they’re above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.
Boeing BA , Embraer EMBR-BR – The jet makers announced they had finalized the terms of a joint venture first announced in July, in which Boeing will pay $4.2 billion for an 80 percent stake. The partnership, which still needs Brazilian government approval, would be comprised of Embraer's commercial aircraft and services operations. Best Buy BBY – Bank of America/Merrill Lynch downgraded Best Buy to "underperform" from "neutral," noting overall deceleration in industry growth trends as well as its continued caution on key areas for the electronics retailer, such as TVs.
You might think closing a credit card or other account might remove it from your credit report automatically. But while closing an account prevents you from using it, that doesn't mean it disappears from your credit history. Credit reports include information for both open and closed accounts.
Marc Franklin of Conning Asia Pacific discusses the "minimum" that the U.S. Federal Reserve needs to deliver at its upcoming meeting "in order to soothe markets."
Facebook FB , Amazon AMZN , Netflix NFLX and Google parent Alphabet GOOGL , the premium tech stocks that led markets to records earlier this year, have plummeted by double digits since October. If the market continues to pull back, one of those names could be setting up for an even bigger fall, said Todd Gordon , founder of TradingAnalysis.com. "I'm drawing a trend line connecting three major swing points in this particular trend," explained Gordon to CNBC's " Trading Nation " on Friday.
Two of China’s largest electric car companies make announcements on new passenger vehicles this month. The country is the largest market for such vehicles, thanks mostly to government subsidies. It's unclear whether the Chinese players can survive when government subsidies end, or in regions where the state has less influence.
Weatherford Interntional PLC (NYSE: WFT), which has its main U.S. office in Houston, disclosed late last week that it’s at risk of being delisted from the New York Stock Exchange. Additionally, the oil field services company announced Dec. 17 that it reached a deal to sell its surface data logging business for $50 million in cash. Weatherford fell out of compliance with one of the NYSE continued listing standards because the average closing price of its ordinary shares had fallen below $1 per share over a 30-day trading period, according to a Dec. 14 release. The company intends to notify the NYSE soon of its plans to regain compliance, which it has six months to accomplish. “The company intends to regain compliance by completing its previously announced companywide transformation plan designed to improve its 2017 EBITDA run-rate by an incremental $1 billion by year-end 2019,” the release states.
Keep more In this case, researchers looked at the performance of groups of investors in the Indian stock market. What they wanted to know was, how do the rich get richer in the stock market? The answer, simply enough, is that they take the long view, that is, they hold stocks through downturns.
You can claim your Social Security benefits no matter where in the world you live, says Suzan Haskins , an International Living editor, so don't worry about losing eligibility. "You do not need to return to the States every few months, and the government does not require that you keep a U.S. address, although there are probably other very good reasons to do that," Haskins said. Many overseas banks will accept direct deposit of Social Security checks.
If the law were thrown out, it would likely harm the businesses of hospitals, some insurers and health-care providers who’ve gained millions of new paying customers thanks to the billions of dollars worth of subsidized health insurance coverage provided by the program. U.S. hospital stocks are most at risk from the latest ruling and could fall materially as “market skittishness” results in “exaggerated moves” this week, according to Jefferies LLC health-care strategist Jared Holz. Health insurers could also drop, but some of that may be priced in because they fell ahead of the ruling, he said.
Robinhood is going back to the drawing board. Just a day after unveiling what it called checking and savings accounts, the financial technology startup said it is re-launching and re-naming the product, which came under immediate scrutiny from Wall Street and federal officials about potentially misleading investors. Robinhood said it would offer checking and savings accounts with an industry-leading 3 percent interest rate and no fees or account minimums.
Mortgage rates fell once more in the week ending 13th December, with 30-year fixed falling by 0.12 percentage points to a 3-month low 4.63%. The fall in 30-year fixed to 4.63%, the lowest level since 12th September’s 4.60%, comes off the back of 5 consecutive weeks of either flat or falling mortgage rates and it couldn’t come at a better time for the housing sector. A slide in U.S Treasuries drove mortgage rates south, driven by risk aversion, with economic data adding to the market angst over the economic outlook, yields falling in spite of an anticipated rate hike by the FED next week.
Abhay Deshpande, founder and CIO of Centerstone Investors, joins 'Squawk Box' with his analysis of what's to come in the market.
Tesla really, really wants to be sure buyers can make the most of the full $7,500 EV tax credit before it's cut in half for the company in 2019. Elon Musk has announced that the automaker is now selling "all" cars where the original customer can't take delivery before the end of 2018. If you're quick on the draw, you could get the full credit even if you're placing an order for the first time.
After Lockheed Martin had success adding thousands of employees to its Fort Worth plant with massive job fairs, the defense giant is trying a similar approach to recruit college-aged students looking for engineering positions after graduation. Lockheed Martin Corp. (NYSE: LMT) will host a "Home for the Holidays College Graduate and Intern Recruiting" from 10 a.m. to 5 p.m. on Jan. 10 at the Omni Fort Worth Hotel. "We'll be reviewing resumes and conducting interviews for full-time positions for 2018-2019 graduates and for summer interns," said Ken Ross, a spokesperson for the company's Aeronautics division.
It sounds too good to be true, but companies around the world that have cut their work week have found that it leads to higher productivity, more motivated staff and less burnout. "It is much healthier and we do a better job if we're not working crazy hours," said Jan Schulz-Hofen, founder of Berlin-based project management software company Planio, who introduced a four-day week to the company's 10-member staff earlier this year. In New Zealand, insurance company Perpetual Guardian reported a fall in stress and a jump in staff engagement after it tested a 32-hour week earlier this year.
This is the first year more than half (50.4%) of 401(k) savers have all of their assets in a target-date fund, the Boston-based financial services firm found in its third quarter analysis of its investors’ retirement savings. More than 30% of overall 401(k) assets are in target-date funds, up from 9.8% in the third quarter of 2008. Even more savers in 403(b) plans — 62% — have all of their assets in a target-date fund, the report said.
Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included a leading telecom and the FANG stocks. Bearish calls included a rival telecom giant and an oil supermajor.
Just like major oil companies such as ExxonMobil or Royal Dutch Shell used their superior Big Data capabilities to streamline their supply chain and muscle their way to the top of the oil distribution chain, this company is positioning itself to become the “Vertical Integrator of Cannabis” by leveraging the first large-scale integration and automation drive in the medical cannabis industry Their operations require just 10 percent of the staff of a traditional operation And for now, it remains “little-known” because just as early investors failed to understand that Amazon was a technology company first and a retail operation second … the same thing could unfold in the cannabis sector.
This weekend's Barron's cover story takes a look the outlook for stocks in the coming year. Other featured articles reveal Barron's top picks for 2019, as well as some tech and emerging market picks. Also, how to find small-cap winners and what to expect from big dividend payers.