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Bay Area exodus sparks Phoenix rallying cry: ‘Time to get out’

Mark Calvey
Bay Area exodus sparks Phoenix rallying cry: ‘Time to get out’

Phoenix isn't shy about taking on Texas when it comes to luring Bay Area residents, pitching the desert community as more friendly to newcomers. One booster said: "We don't care if you're fourth-generation Texan."

  • Does Calavo Growers, Inc. (NASDAQ:CVGW) Create Value For Shareholders?
    Business
    Simply Wall St.

    Does Calavo Growers, Inc. (NASDAQ:CVGW) Create Value For Shareholders?

    Does Calavo Growers Have A Good Return On Equity? Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification.

  • Suze Orman says you need $5 million to retire — which is nonsense
    News
    MarketWatch

    Suze Orman says you need $5 million to retire — which is nonsense

    Author and personal-finance guru Suze Orman ruffled a lot of feathers in a recent podcast, saying that people need $5 million — maybe even $10 million — in order to retire. Orman was responding to a question about the “financial independence, retire early,” or “FIRE,” movement, a growing online trend in which people in their 30s or younger just stop working. Generally, these folks aim much lower — more like $1 million or so — then adjust their cost of living downward.

  • Business
    Oilprice.com

    U.S. Shale Is Doomed No Matter What They Do

    With financial stress setting in for U.S. shale companies, some are trying to drill their way out of the problem, while others are hoping to boost profitability by cutting costs and implementing spending restraint. “Turbulence and desperation are roiling the struggling fracking industry,” Kathy Hipple and Tom Sanzillo wrote in a note for the Institute for Energy Economics and Financial Analysis (IEEFA). A corporate struggle over control of the company reached a conclusion recently, with the Toby and Derek Rice seizing power.

  • I’m engaged to a ‘money monster’ who racks up parking tickets and credit-card debt
    Business
    MarketWatch

    I’m engaged to a ‘money monster’ who racks up parking tickets and credit-card debt

    After getting engaged I found out about her debt, bad FICO score (FICO) excess parking tickets, etc. I educated and worked with her, and she eventually climbed out of it. Life is good, except she has new debt.

  • President Trump's 2020 Campaign Is Now Selling Plastic Straws: 'Liberal Paper Straws Don't Work'
    News
    Meredith Videos

    President Trump's 2020 Campaign Is Now Selling Plastic Straws: 'Liberal Paper Straws Don't Work'

    President Donald Trump's 2020 campaign store sells “Make America Great Again” hats, T-shirts, cups, towels and even dog leashes. But one of its newest items might be one of the campaign's biggest attempt to troll: Trump-branded plastic straws.

  • Business
    TheStreet.com

    What Are HOA Fees? Average Cost and What They Cover

    A homeowner's association or HOA fee is another expense that some homeowners should be prepared to pay annually in addition to paying their mortgage and property taxes. Before you purchase a house, townhome or condo, determine whether there is a HOA fee assessed to the homeowners. The fee may be paid annually, such as a few hundred dollars to over $1,000 a year, but also can be higher and paid monthly.

  • From Tesla to Twitter, a Guide to This Week’s Quarterly Reports
    Business
    Bloomberg

    From Tesla to Twitter, a Guide to This Week’s Quarterly Reports

    In the same week the five biggest U.S. lenders raked in over $30 billion in earnings for the first time, others around the globe left investors wondering how the bottom fell out so fast. Netflix Inc. sunk the most in three years amid a surprise drop in U.S. customers, while online retailer Asos Plc plunged after issuing another profit warning. This week, a range of high-profile companies report results, from tech titan Amazon.com Inc. and embattled aircraft maker Boeing Co. to burger behemoth McDonald's Corp. and electric-car maker Tesla Inc. The earnings will offer a glimpse into every major sector of the economy, and Wall Street will be watching for signals like reduced hiring expectations, stalled capital expenses or consumers' waning willingness to accept price hikes.

  • 3 Terrible Reasons to Sell Canopy Growth
    Business
    Motley Fool

    3 Terrible Reasons to Sell Canopy Growth

    Canopy Growth (NYSE: CGC) quickly went from being a favorite cannabis stock for many investors to a favorite stock to bash. With Canopy Growth founder and longtime CEO Bruce Linton getting pushed out earlier this month, some investors are probably wondering if it's time to throw in the towel on the stock. Sure, Canopy Growth's share price has plunged nearly 30% since the beginning of May. But selling because of this drop is one of the worst reasons you could possibly come up with.

  • AT&T earnings: Expect another quarter of big video losses
    Business
    MarketWatch

    AT&T earnings: Expect another quarter of big video losses

    As approval for T-Mobile US Inc.'s deal with Sprint Corp. looms over the wireless industry, fellow carrier AT&T Inc. (T) will show of the impact of its own mega-deal when the company reports second-quarter results next Wednesday before the opening bell. Earnings: Analysts surveyed by FactSet project that AT&T earned 89 cents a share on an adjusted basis, down from 91 cents a year earlier. Revenue: The FactSet consensus models $44.9 billion in June-quarter revenue for AT&T, while the Estimize consensus calls for $45.1 billion.

  • Business
    Barrons.com

    Expect a 10% Market Correction Within 3 Months, Morgan Stanley CIO Says

    As much of the U.S. faces a heat wave, the appetite for stocks is just as sizzling after Fed Vice Chairman Richard Clarida and New York Fed President John Williams revved up market expectations about rate cuts. Hold your horses, says Mike Wilson, chief investment officer of Morgan Stanley, who tells MarketWatch in an interview that investors should wait for better times to jump into this stock market. “We're not looking for the bottom to fall out like last year, but I do expect a 10% correction in the next three months,” said Wilson, whose end-year S&P 500 target is 2,750.

  • Where Will Berkshire Hathaway Be in 10 Years?
    Business
    Motley Fool

    Where Will Berkshire Hathaway Be in 10 Years?

    In his 1996 letter to shareholders, Warren Buffett offered this advice to would-be investors: "If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes." As such, it makes sense for investors to look at Buffett's conglomerate, Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B), in the same way. After all, Buffett is 88 years old, and his partner and Berkshire's vice chairman, Charlie Munger, is 95, so it's possible that in 10 years both will have left Berkshire, the company they have been running since 1965.

  • 3 Stocks to Buy and Hold for Decades
    Business
    Motley Fool

    3 Stocks to Buy and Hold for Decades

    What really gets me excited about Lockheed Martin stock for the long term, though, is the company's far-thinking research into a new form of clean energy -- cold fusion -- coupled with the knowledge that this $100 billion company has the financial resources to make a serious attempt at the project. I first started writing about Lockheed's cold fusion aspirations five years ago, when Lockheed said it hoped to have a working cold fusion reactor inside of a decade. Here at the halfway mark, Lockheed just confirmed that it's on its fourth iteration of a test reactor at Skunk Works -- and very close to halfway toward its goal.

  • In a Reversal, President Trump Disavows Criticism of 'Send Her Back' Chant
    Politics
    Meredith Videos

    In a Reversal, President Trump Disavows Criticism of 'Send Her Back' Chant

    President Donald Trump has reversed his previous criticisms of a North Carolina campaign crowd that chanted “send her back” about a Somali-born congresswoman.

  • Wanna Bet $1.3 Trillion on Chinese Regulators?
    Business
    Bloomberg

    Wanna Bet $1.3 Trillion on Chinese Regulators?

    In fact, the country's largest search and e-commerce provider(1)is ultimately controlled by Alibaba Partnership, a collection of 38 people, most of whom hold senior positions in the company. This business structure, called a variable-interest entity, became common among Chinese companies because Beijing restricts foreign investment in certain sectors, such as the internet. It also enables firms to raise money abroad and lets early investors get their funds out of the country. Tencent Holdings Ltd., Meituan Dianping and Baidu Inc. all hew to various versions of the VIE, allowing them to exploit a gap in Chinese law.

  • Amarin: Is a Buyout Really Off the Table?
    Business
    Motley Fool

    Amarin: Is a Buyout Really Off the Table?

    Amarin (NASDAQ: AMRN) drew the ire of its shareholders last week by rolling out a breathtaking $460 million capital raise. First up, the biopharma recently announced that sales of its prescription omega-3 treatment, Vascepa, have been going strong ever since the drug showed a 25% relative risk reduction in terms of serious cardiovascular events in the outcomes trial known as Reduce-It. Amarin, in turn, reported that its cash position stood at a healthy $221 million at the end of June, thanks to Vascepa's strong sales trajectory.

  • 2 Southwest planes out of service after Nashville collision
    Finance
    American City Business Journals

    2 Southwest planes out of service after Nashville collision

    Two Southwest Airlines aircraft are out of service after the pair collided with one another Saturday night on the Nashville International Airport tarmac. One flight bound for Atlanta and one for St. Louis were backing up Saturday night when the two collided, a Southwest Airlines Co. (NYSE: LUV) spokesperson told CNN. The collision appeared to knock the 'S' off the winglet of one aircraft, according to a Twitter user.

  • Chesapeake Energy’s stock falls to 20-year low, Kinder Morgan’s drops after earnings
    Business
    MarketWatch

    Chesapeake Energy’s stock falls to 20-year low, Kinder Morgan’s drops after earnings

    Shares of Kinder Morgan Inc. dropped Thursday in active trading, dragged down by a disappointing earnings report and a selloff in crude oil and natural gas prices. The weakness in oil and gas prices also helped fuel an early selloff in energy stocks, before they bounced later in the session, while Chesapeake Energy Corp. shares (CHK) tumbled on heavy volume to close at a 20-year low. The SPDR Energy Select Sector exchange-traded fund (XLE) fell as much as 1.1% in intraday trading, before bouncing to close up less than 0.1% amid a rally in the broader stock market.

  • A Comprehensive Look at U.S. Dispensary Stocks Following Curaleaf's Big Acquisition
    Business
    Motley Fool

    A Comprehensive Look at U.S. Dispensary Stocks Following Curaleaf's Big Acquisition

    The marijuana industry is budding into a big-money business, with both Wall Street and investors taking notice. Depending on your preferred Wall Street source, the legal cannabis industry could be generating anywhere from $50 billion to $200 billion in annual sales in about a decade's time. This puts vertically integrated U.S. dispensary stocks squarely in the middle of what could be one of the biggest growth trends in the U.S. over the next decade.

  • 7 Things You Didn't Know About NIO
    Business
    Motley Fool

    7 Things You Didn't Know About NIO

    Hitting the road Raising $1 billion during its initial public offering, NIO debuted as a publicly traded company on the American market in September 2018. According to Reuters, management had higher hopes for the IPO; a source close to the issue claimed that the company had sought a valuation as much as three times higher when it first began the IPO process. On its first day of trading, the stock opened at $6, closed at $6.60, and traded as high as $6.93 for a reasonable pop.

  • Berkeley Bans Natural Gas
    Business
    The Wall Street Journal

    Berkeley Bans Natural Gas

    Poor and minority families will pay more for utilities.

  • 3 Top Augmented-Reality Stocks to Buy Right Now
    Business
    Motley Fool

    3 Top Augmented-Reality Stocks to Buy Right Now

    The company's HoloLens device is the market leader in applications created for enterprise augmented reality -- or "mixed reality," in Microsoft's parlance. If you're an astute tech investor, you may have recoiled when the words "Microsoft" and "device" are mentioned in the same breath. Here's why it's different for AR: Microsoft is focused on enterprise (business) applications, which allows it to seamlessly transition to the company's suite of business applications while minimizing the app and developer weaknesses that have hampered its consumer-focused mobile device offerings.

  • 3 Stocks I'm Never Selling
    Business
    Motley Fool

    3 Stocks I'm Never Selling

    Here's why Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Walt Disney (NYSE: DIS), and Intuitive Surgical (NASDAQ: ISRG) belong in that category. Alphabet claims eight products that each have more than 1 billion users every month. The world's biggest company right now, Microsoft, tried to challenge Alphabet's Google Search by launching its own Bing search engine several years ago.

  • The Absurdity of Aurora Cannabis' Latest Analyst Downgrade
    Business
    Motley Fool

    The Absurdity of Aurora Cannabis' Latest Analyst Downgrade

    But Carey recently downgraded Aurora to neutral only three months after initiating coverage on the stock with a buy recommendation. Wall Street analysts change their views on stocks all of the time, of course. But this latest downgrade for Aurora illustrates the absurdity of giving too much weight to analysts' recommendations.

  • 3 Reasons for Netflix Investors to Worry After the Latest Report
    Business
    Motley Fool

    3 Reasons for Netflix Investors to Worry After the Latest Report

    Good content may not be enough Management blamed the usual suspects in the earnings release, noting that its record first-quarter additions of 9.6 million members may have pulled some second-quarter subscribers forward, and also pointed a finger at the quarter's content slate, which it said drove fewer subscriber additions than anticipated. That excuse seems a little feeble, considering the company had a number of seemingly strong releases in the period. Dead to Me, a dramedy starring Christina Applegate, attracted 30 million households in its first four weeks.

  • Intel earnings: What to expect
    Business
    MarketWatch

    Intel earnings: What to expect

    Intel Corp. may have a better-than-expected June-ending quarter at the expense of the next as PC sales rose in part in anticipation of upcoming tariffs in the ongoing U.S. trade war with China. Intel (INTC) is scheduled to report second-quarter earnings after the close on markets on Thursday, July 25. Earnings: Of the 35 analysts surveyed by FactSet, Intel on average is expected to post adjusted earnings of 89 cents a share, down from the $1.01 a share expected at the beginning of the quarter.