U.S. Markets close in 2 hrs 22 mins

Japan PM Abe discussing Japan visit by Iranian President Rouhani

Japan's Prime Minister Shinzo Abe speaks at a news conference in Tokyo

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Monday that Tokyo is in discussions about a visit to Japan by Iranian President Hassan Rouhani this month, an attempt to try to resolve Iran's nuclear impasse with the United States.

He also said Japan wants to make every possible effort to promote Middle East peace.

Japan maintains friendly ties with both the United States and Iran, and has tried to ease tension between the countries, which broke off diplomatic relations after Iran's 1979 Islamic revolution.

Citing a senior diplomatic source, Kyodo news agency reported last week that Iran had proposed the visit and that the proposal was relayed during a two-day visit to Japan by Iran's deputy foreign minister for political affairs Abbas Araqchi.

Abe said Japan would make every effort to promote peace in the Middle East but did not specify when there might be a decision on sending Japanese seamen to the region to guard ships supplying Japan.

"As one of those efforts, we are currently in talks about a visit by President Rouhani to Japan," he added.

Abe did not give details but local media reported the visit could take place on Dec. 20 or 21.

The Nikkei business daily said last week the government would propose deploying one escort ship and a patrol aircraft from the Maritime Self-Defense Force on a one-year mission that could be renewed annually. It plans to finalize the plan by year-end, the Nikkei said.

Abe visited Iran in July and met with Rouhani and Iranian Supreme Leader Ayatollah Ali Khamenei, during which Khamenei reiterated Iran's stance that it has no intention of making or using nuclear weapons.



(Reporting by Elaine Lies; Editing by Toby Chopra and Ed Osmond)

  • CNBC’s Jim Cramer: Here comes the panic, but don’t rush to buy the dip
    Business
    MarketWatch

    CNBC’s Jim Cramer: Here comes the panic, but don’t rush to buy the dip

    That's how CNBC host Jim Cramer described Monday's sharp selloff in the stock market, which is shaping up to be the worst we've seen in several months amid mounting fears of the spread of the coronavirus. So is it time for a little bottom-fishing ahead of a very crowded docket of earnings report in the coming days? We've been saying over and over if we get an exogenous event that's when you get the sell off, that's when you have to buy,” Cramer explained.

  • Typical Retirement Savings By Age Groups: Are Yours Bigger?
    Business
    Investor's Business Daily

    Typical Retirement Savings By Age Groups: Are Yours Bigger?

    Active savers — in this case, Americans who own an IRA and-or a 401(k) account in the custody of Fidelity Investments — had savings for retirement of $215,400 as of Sept. according to new data IBD has obtained from Fidelity. In contrast, the average for all working-age families is shockingly low.

  • Business
    Barrons.com

    Apple Reports Earnings Tomorrow. Here’s What To Expect.

    As Apple stock's (ticker: AAPL) remarkable recent performance demonstrates, expectations are sky high. Apple stock has more than doubled since the beginning of 2019, rallying about 10% already in 2020. Apple's guidance for the fiscal first quarter, ended December, called for revenue of $85.5 billion to $89.5 billion.

  • The stock market’s biggest problem this week isn’t the coronavirus or Mideast tensions, strategist warns
    Business
    MarketWatch

    The stock market’s biggest problem this week isn’t the coronavirus or Mideast tensions, strategist warns

    Hogan said the S&P 500 could see a pullback of as much as 5% — and it won't be because of the coronavirus or rising tensions with Iran. With a crowded slate of earnings on tap, Hogan warned that it will probably be the biggest winners getting the biggest haircuts. “There are five technology names that are driving a good chunk of the movement in the S&P. On the other side, you see the utilities index,” he explained.

  • Business
    Barrons.com

    3 Biotech Stocks Are Soaring Because Everyone Wants a Coronavirus Vaccine

    Shares of a handful of small and mid-sized biotechs that are working on vaccines for the Wuhan coronavirus are soaring on Monday, as worries over the spread of the illness weigh on the broader markets. “Companies stating their interest in development vaccines for coronavirus are likely too late, as we saw similar commentary around SARS and other similar situations,” wrote Jefferies health care trading desk analyst Jared Holz in a note out Monday morning. The news reports bumping the three biotech stocks relate to early-stage programs using novel scientific modalities to move quickly on possible vaccines for the disease, which has killed at least 80 people worldwide.

  • Analysts: 2 Big 8% Dividend Stocks to Buy (And 1 to Sell)
    Business
    TipRanks

    Analysts: 2 Big 8% Dividend Stocks to Buy (And 1 to Sell)

    Dividends provide a steady income stream, whether markets go up or down. With that in mind, we delved into the market data from TipRanks.com to get the lowdown on 3 high-yield dividend stocks, two of which analysts think are set to shine in 2020, and one whose prospects aren't quite as bright. Viper has exploration rights in more than 14,000 acres in the Midland, which are exploited by third parties and subsidiaries who then pay the royalties that make up Viper's income.

  • Business
    MarketWatch

    Dow down 414 points on losses for American Express, UnitedHealth stocks

    Dragged down by losses for shares of American Express and UnitedHealth, the Dow Jones Industrial Average is in a selloff Monday morning. The Dow (DJIA) was most recently trading 414 points lower (-1.4%), as shares of American Express (AXP) and UnitedHealth (UNH) have contributed to the blue-chip gauge's intraday decline. American Express's shares have fallen $6.09 (4.5%) while those of UnitedHealth are off $9.60 (3.3%), combining for a roughly 106-point drag on the Dow.

  • Adam Schiff's Closing Remarks at Impeachment Trial Disturbs Some GOP Senators
    Politics
    Meredith Videos

    Adam Schiff's Closing Remarks at Impeachment Trial Disturbs Some GOP Senators

    Senate Republicans said lead impeachment prosecutor Adam Schiff insulted them during the trial by repeating an anonymously sourced report that the White House had threatened to punish Republicans who voted against President Donald Trump.

  • Business
    Barrons.com

    Coronavirus Isn’t the Stock Market’s Biggest Problem This Week, Strategist Warns

    Longtime stock-market bull and National Securities chief market strategist Art Hogan is bearish ahead of what looks to be a very busy week of trading. My guess is if we're going to rationalize a market that's pretty stretched right here, it's going to happen right now,” he said in a CNBC interview. We have about a third of the S&P 500 reporting.

  • Liz Weston: Retirees' top money regrets
    Business
    Associated Press

    Liz Weston: Retirees' top money regrets

    In a previous column, I detailed retirees' biggest lifestyle regrets, such as not traveling more before their health gave out and not communicating clearly with a partner about what they hoped retirement would be like. The big ones, of course, are starting to save too late and not saving enough, but there are other common regrets, according to certified financial planners from the Financial Planning Association and the Alliance of Comprehensive Planners. About 1 out of 3 Social Security recipients apply for benefits at the earliest age, which is 62.

  • How the stock market has performed during past viral outbreaks, as coronavirus infects thousands
    Business
    MarketWatch

    How the stock market has performed during past viral outbreaks, as coronavirus infects thousands

    U.S. equity markets have experienced downbeat trade recently as investors keep one eye trained on a deadly flu outbreak in China. “Risk velocity – the pace at which major risks and 'black swan' events can affect asset prices – is elevated in today's markets compared to 10 years ago for three key reasons,” said Seema Shah, chief strategist at Principal Global Investors, in a research note, referring to the theory for the impact of unexpected events on markets and economies, popularized by Nassim Nicholas Taleb in his book The Black Swan: The Impact of the Highly Improbable.

  • Fog grounded choppers at time of Bryant crash
    News
    Associated Press Videos

    Fog grounded choppers at time of Bryant crash

    The helicopter carrying Kobe Bryant and eight others that crashed into a hillside outside Los Angeles was flying in foggy conditions considered dangerous enough that local police agencies grounded their choppers. All nine people on board died. Jan.

  • One of the most successful stock-market investors says these 3 events ‘would definitely trigger a bear market’
    Business
    MarketWatch

    One of the most successful stock-market investors says these 3 events ‘would definitely trigger a bear market’

    Stanley Druckenmiller, one of Wall Street's most successful investors, acknowledges that the markets are riding high and that investors may be able to finally breathe freely in the short term after a number of shocks, but says investors should be wary of three events that could knock assets into a bear market. One of the reasons I'm pretty sanguine right now is I think we're close enough to the election, at least we can breathe for a few months,” he told Bloomberg Television during a recent interview. But there are a trio of situations that could upend that optimism — and perhaps permanently.

  • World
    TheStreet.com

    Afghanistan Plane Crash Unlikely Linked to Boeing; US Military Investigating

    Boeing Co. shares extended declines Monday after reports that one of its planes was involved in a crash in the Taliban-controlled Afghan province of Ghazni. Later reports, however, indicated that the aircraft involved in the crash could belong to the U.S. Military, and the acting CEO of Ariana Afghan has said none of his company's fleet have been reported missing. A Taliban spokesperson later claimed responsibility for the crash, while a U.S. Military spokesperson told the Associated Press that the Army was investigating the claims.

  • 4 Transportation Companies to Consider as Coronavirus Outbreak Intensifies
    Business
    GuruFocus.com

    4 Transportation Companies to Consider as Coronavirus Outbreak Intensifies

    UAL 30-Year Financial Data The intrinsic value of UAL Peter Lynch Chart of UAL As a result, investors may be interested in finding investment opportunities among transportation and logistics stocks that are trading below the Peter Lynch value. A legendary investor who managed Fidelity's Magellan Fund between 1977 and 1990, Lynch developed this strategy in order to simplify his stock-picking process. With the belief good, stable companies eventually trade at 15 times their annual earnings, he set the standard at a price-earnings ratio of 15.

  • Business
    Reuters

    Sorrento Therapeutics rejects near $1 billion offer, shares fall

    Sorrento said the proposal of up to $7 per share received earlier this month undervalued it and was not in the best interest of its shareholders. In November, the company had rejected an unsolicited buyout proposal from two pharmaceutical companies, which offered between $3 and $5 for each of Sorrento's outstanding shares. The drugmaker has not disclosed the names of the private equity fund nor the two pharmaceutical companies and said it would continue to pursue potential tie-ups and transactions.

  • Millennials Score Big On 3 Stocks (You May Not Own Yet)
    Business
    Investor's Business Daily

    Millennials Score Big On 3 Stocks (You May Not Own Yet)

    If you only own the S&P 500, you're missing out on three of millennials' biggest winning bets. Consumer discretionary Tesla and industrial sector member Uber are the two most valuable U.S. companies not yet in the S&P 500, says Howard Silverblatt, index strategist at S&P Dow Jones Indices. And then there's consumer discretionary Alibaba, which is based in China.

  • Mortgage Rates Slide Again and Head Toward All-Time Lows
    Business
    MoneyWise

    Mortgage Rates Slide Again and Head Toward All-Time Lows

    Mortgage rates that had been sitting on the slopes have gone back on their downhill course this week — possibly on their way to record territory. “Rates fell to the lowest level in three months and are about a quarter point above all-time lows,” said Sam Khater, chief economist with Freddie Mac, in a statement on the mortgage giant's latest weekly survey. If you're shopping for a home or are thinking about a refinance, you might compare mortgage rates and find you have the perfect opportunity to save serious money on interest.

  • Stock market news live: Stocks slump as coronavirus death toll rises
    Business
    Yahoo Finance

    Stock market news live: Stocks slump as coronavirus death toll rises

    ET: What to know about the coronavirus outbreak As fears over the spread of the coronavirus continue to mount, Yahoo Finance is tracking the latest developments on the outbreak's impact on the markets and global economy. To date, the virus has been confirmed in 14 locations, including five cases in the U.S. 11:30 a.m. ET: Casper's lowers expectations for upcoming IPO According to a regulatory filing, online mattress retailer Casper is seeking to raise $159 million in its initial public offering, with an estimated range of $17-19 per share.

  • 3 “Strong Buy” Stocks Under $5 That Are Ready to Run Higher
    Business
    TipRanks

    3 “Strong Buy” Stocks Under $5 That Are Ready to Run Higher

    With Orbcomm's shares trading roughly 4X our 2021 adjusted EBITDA estimate, we view the risk reward on the shares as very positive… We believe if management can execute, the shares should return to higher multiples. What does it mean, then? It means that Walkley keeps his Buy rating on Orbcomm.

  • This basket of dividend growth stocks can help your portfolio stand out in 2020
    Business
    MarketWatch

    This basket of dividend growth stocks can help your portfolio stand out in 2020

    Analysts at Goldman Sachs are highlighting a “dividend growth basket” of stocks at a time when valuations for the U.S. stock market have shot up to their second-highest level since June 2002. In the firm's recent “U.S. Weekly Kickstart” report Jan. 3, the analysts, led by David Kostin, recommended investors be cautious and look for “growth at a reasonable price,” but also included a group of dividend stocks with low price-to-earnings valuations relative to the S&P 500 (SPX) that also appear likely to continue raising their dividend payouts more quickly than the broader market.

  • Roth IRA Contributions with No Job?
    Business
    Investopedia

    Roth IRA Contributions with No Job?

    The internal Revenue Service (IRS) gets a little grumpy if you contribute to a Roth individual retirement account (IRA) without what it calls earned income. You don't necessarily need a formal job to contribute to a Roth IRA. Although it's not true in all cases, if you're paying taxes on any type of income from working, there's a good chance that you can make Roth IRA contributions.

  • Five Things for Monday, including Intel restructuring and remembering Kobe
    News
    American City Business Journals

    Five Things for Monday, including Intel restructuring and remembering Kobe

    Intel reported a strong fourth quarter last week as well as some changes in the works for Oregon's largest private employer. Dairy producer Darigold is taking on Multnomah County over valuations of its Central Eastside processing plant. According to complaints filed in tax court, Darigold argues that its recent valuation hikes violate a 1997 measure that caps increases to 3 percent.

  • Dow Jones Futures Plunge As Coronavirus Spreads Rapidly; Apple, Tesla Lead Huge Earnings Week
    Business
    Investor's Business Daily

    Dow Jones Futures Plunge As Coronavirus Spreads Rapidly; Apple, Tesla Lead Huge Earnings Week

    Dow Jones futures tumbled Monday morning, along with S&P 500 futures and Nasdaq futures. The stock market rally retreated last week on China's coronavirus, which has continued to spread rapidly. Meanwhile, Apple, Advanced Micro Devices, Tesla, Microsoft and Facebook headline a huge week for earnings.

  • Business
    Barrons.com

    Apple’s Earnings Could Cause Its Stock to Fall. How to Protect Its Gains With Options.

    J.P. Morgan has told its clients to do something that is both unusual and rare: Hedge (AAPL) stock ahead of its Tuesday earnings report. The bank has advised clients that investor expectations are incredibly high—perhaps too high—ahead of Apple's (ticker: AAPL) fiscal first-quarter earnings report that will be released after Tuesday's market close. Apple's stock is trading around 24 times J.P. Morgan's earnings estimates.