Although the fourth-quarter results announced Tuesday by Halliburton Company (NYSE: HAL) beat estimates, the energy services company likely faces a difficult 2019, with a continued decline in rig counts and a persistent squeeze on pressure pumping prices, according to Raymond James. Analyst Praveen Narra maintains a Strong Buy rating on Halliburton with a $45 price target. The better-than-expected Q4 results reported by Halliburton were driven to a large extent by year-end product sales, while the company's pressure pumping activity is likely to have bottomed during the quarter, Narra said in a Tuesday note.
Billionaire Michael Dell, chief executive officer of the eponymous technology giant, rejected a suggestion by U.S. Representative Alexandria Ocasio-Cortez of a 70-percent marginal tax rate on the wealthiest Americans. “No, I'm not supportive of that,” Dell said at a Davos panel on making digital globalization inclusive. Three weeks after Ocasio-Cortez floated the idea in an interview on “60 Minutes” to raise the top marginal tax rate on Americans' income of more than $10 million to 70 percent, it was a hot topic at the gathering of the global financial and political elite.
IBM could be set to cash in on consumer and business trends as its cloud-based consumer and blockchain-based supply chain solutions take off. "The reality today is that enterprises are only 20% into their cloud journey, focused on getting the "easy" cloud native workloads up and running," IBM said in a statement. "To get through the next 80%, which will be the critical, more complex workloads, they need to be able to move and manage data, services and workflows across multiple clouds and existing IT systems."
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Canadian auto parts maker Magna International to acquire car transmissions systems maker Getrag Ford Transmissions Slovakia (approved Jan. 22) -- German carmaker Daimler to acquire a stake in used-car portal Heycar from rival Volkswagen (approved Jan. 22) -- Japan's Mitsubishi UFJ Financial Group and U.S. technology company Akamai to acquire joint control of a new blockchain-based online payment joint venture in Japan (approved Jan. 22) NEW LISTINGS -- Japanese heating, ventilation and air conditioning manufacturer Daikin Europe to acquire sole control of...
According to IRS figures, over 126 million U.S. tax filers e-filed their own tax returns on 2018 (for the 2017 tax year.) That represented 92% of all tax returns filed in the U.S., compared to 31% in 2001. As of May, 2018, a whopping 85.3 million taxpayers received their tax refund via direct deposit, right from the IRS into their bank account. By filing digitally, American taxpayers get a refund much more quickly, as the IRS is able to turn refunds around faster when they receive an e-filed tax return.
Zynga (ZNGA) ZNGA Stock Price: $4.32 I'm not a huge fan of the mobile gaming sector. It's a tough space plagued with competition and low margins. Plus, competition is only building thanks to social media apps becoming increasingly multi-purpose.
The Fort Wayne, Indiana-based company said it had net income of $1.17 per share. Earnings, adjusted for non-recurring costs, were $1.31 per share. The results topped Wall Street expectations.
Gold futures are edging higher on Wednesday after traders confirmed yesterday's closing price reversal bottom. The move is being fueled by a weaker U.S. Dollar, but gains are being limited by higher U.S. Treasury yields and increased demand for risky assets. There are no major economic releases today, but investors are paying attention to U.S.-China relations while watching for additional signs of a global economic slowdown.
The "Halftime Report" Traders & Mario Gabelli debate Morgan Stanley's call to upgrade Walmart to overweight.
Investing in global health organizations aimed at increasing access to vaccines creates a 20-to-1 return, the Microsoft co-founder and philanthropist says. Investing in global health organizations aimed at increasing access to vaccines creates a 20-to-1 return in economic benefit, billionaire Microsoft MSFT co-founder and philanthropist Bill Gates told CNBC on Wednesday. Over the past two decades, the Bill and Melinda Gates Foundation has donated "a bit more than $10 billion" into mainly three groups: The Global Alliance for Vaccines and Immunization, the Global Fund to Fight AIDS, Tuberculosis and Malaria, and the Global Polio Eradication Initiative.
In the Monte Carlo, the simulation could assume a 7 percent return in the first year, an 8 percent loss in the second year and a 19 percent gain in the final year, still equal to an return of 6 percent. The sequence in which these returns occur and the disparity from the mean in any given year can dramatically impact an investor's retirement portfolio. Here's how it works: After a baseline plan is developed to define various assumptions, such as average rate of return, annual inflation, desired annual withdrawals, life expectancy, assets at retirement, and so forth, a Monte Carlo simulation can be utilized to test the viability of the strategy with hundreds of trials to mimic different marke...
Chris Verrone, Strategas Technician, on the breakout stocks to buy. With CNBC's Bob Pisani and Melissa Lee, and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.
America's health bill appears to be moderating, and market forces deserve the credit for this good news. National health expenditures grew more slowly in 2017 than in 2016, according to a report from the Centers for Medicare and Medicaid Services. Private health insurance spending grew just over 4 percent in 2017 to $1.2 trillion -- compared to growth of 6.2 percent in 2016.
U.S. Army pilot Shaun Perez spent ten hours flying an Apache helicopter over Afghanistan, providing gun cover for Special Forces soldiers on the ground as they hunted for high-value targets, guns and weapons. Returning to his base at dawn, he donned a fresh uniform before shutting himself into a small room to secure the next stage of his career - as a commercial airline pilot. Perez took advantage of one of the tightest labor markets in the United States, created by years of slow hiring, a wave of pending retirements at major U.S. airlines, and Federal Aviation Administration rules that in 2013 increased the number of required training hours from 250 to 1,500.
"There is a feeling that the stock market might be due for some deflating now because it's been a long time, and we've seen some hints of it and we haven't seen the real deflation yet," he told CNBC at the World Economic Forum (WEF) in Davos, Switzerland. U.S. stock markets may have recovered slightly from sharp falls at the end of last year, but there's still a risk of a significant downward trend, Robert Shiller, a professor of economics at Yale University and a Nobel laureate, told CNBC Wednesday.
There's been plenty of focus on the U.S housing market, with the upward trend in U.S mortgage rates through the first 10-months of last year and the FED's 4 rate hikes through the year raising questions over the state of the U.S housing market. Economic data out of the U.S on Tuesday was limited to December's existing home sales figures and, while the issue of inventories continues to pin back sales numbers, a 6.4% slide in existing home sales in December was certainly more alarming than the markets had anticipated. Forecasts were for a more modest 1.3% decline and, while November's numbers were revised up to 2.1%, it was a bad end to the year.
popped Wednesday following a report that Restaurant Brands International Inc. Shares of Papa John's shot up 7.5% on the news. Restaurants Brands, which is the parent company of Burger King, Popeye's Louisiana Kitchen and Tim Hortons, could team up with ousted former CEO John Schnatter and investment capital firm 3G Capital to make the purchase, according to DealReporter.
Oracle has allegedly withheld $400 million in wages from racially underrepresented workers (black, Latinx and Asian) as well as women, the U.S. Department of Labor's Office of Federal Contract Compliance Programs said in a filing today. The OFCCP is the office within the DOL that enforces equal pay and ensures government contractors comply with anti-discrimination regulation. In the OFCCP's second amended complaint today, the office alleges Oracle "impermissibly denies equal employment opportunity to non-Asian applicants for employment, strongly preferring a workforce that it can later underpay.
Here are seven marijuana companies that could seek acquisitions soon. AbbVie, a Chicago-based biopharmaceutical company that was founded in 2013 after being spun off from Abbott Laboratories, could acquire companies, such as GW Pharmaceuticals (GWPH), Insys Therapeutics (INSY), Zynerba Pharmaceuticals (ZYNE) and Cara Therapeutics (CARA), to boost its pipeline of drugs, Spatafora says. "AbbVie could buy Insys, which has been hammered for their drug, Syndros, which is complementary to what they are doing," he says.
It has to do with what comes first: the first things people learn about you, the first impressions you make, or the first activities you engage in. To save effort and time, our mind unconsciously organizes information and experience into mental maps—and some of these maps are biased. Perceptual biases are mental shortcuts that influence impressions, understanding, and decision-making.
The "income and opportunity gap" will determine the winner of the next election, Ray Dalio says. "How tax rates are changed will have a huge effect on incentives and could have a huge effect on capital flows, and that will have big effects on markets and economies," says Dalio. The manager of the world's biggest hedge fund spoke in an exclusive interview from the sidelines of the World Economic Forum in Davos.
U.S. oil producers sought on Wednesday to soothe OPEC's worries about losing market share, telling the group that investors in the U.S. firms wanted a reduction in growth and higher payouts. The Organization of the Petroleum Exporting Countries and non-OPEC allies such as Russia have cut output since 2017 to support oil prices, while watching producers in the United States, which is not party to the cuts, drive up production. The United States has overtaken Russia and Saudi Arabia to become the world's biggest crude producer.
More people are being offered something that they may not recognize as a retirement savings tool: a health savings account. These accounts are only available to those with a high-deductible health insurance policy. Not only can a health savings account lower the cost of your insurance plan, it can also help boost your retirement savings.
Gita Gopinath has a knack for asking the kind of questions that, not so long ago, might have raised eyebrows inside the International Monetary Fund, where she just took over as chief economist. What if more emerging markets actively managed their currencies, like China does? Interrogating the data for answers, and using them to poke holes in the conventional playbooks for economic policy, was a hallmark of 47-year-old Gopinath's work at Harvard.
Build your portfolio with high-growth investments. Value stocks can offer some reassurance in a down market compared with the increased volatility often associated with high-growth stocks. When taking a long-term view, accounting for market cycles, investing in stocks with growth potential can pay off.