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AT&T says reached a data agreement with Netflix

WASHINGTON, July 29 (Reuters) - U.S. wireless carrier AT&T Inc and video streaming service Netflix in May brokered an agreement where Netflix will pay AT&T to ensure smooth delivery of its content to consumers, an AT&T spokesman said on Tuesday.

"We reached an interconnect agreement with Netflix in May and since then have been working together to provision additional interconnect capacity to improve the viewing experience for our mutual subscribers," the spokesman said in an email. "We're now beginning to turn up the connections, a process that should be complete in the coming days." (Reporting by Alina Selyukh; Editing by David Gregorio)

  • Business
    Barrons.com

    If Coronavirus Is Killing Fewer People Than the Flu, Why Has Beijing Quarantined Millions?

    China's Leaders on the Hot Seat Market Intelligence Report by TIS Group Feb. 21: Over the past several days, we have detailed some, though not all, of the actions being taken by China's government to control the coronavirus outbreak. I was told today that roughly 50,000 people die in China each year from the flu. If the coronavirus is just another flu-like virus and the current death toll really is about 2,000, not 50,000, why then has Beijing locked down 750 million people?

  • Morgan Stanley is paying $13B for E-Trade, or $2,500 per customer. You can earn a $3,500 sign-up bonus for signing with a new broker — with one major catch
    Business
    MarketWatch

    Morgan Stanley is paying $13B for E-Trade, or $2,500 per customer. You can earn a $3,500 sign-up bonus for signing with a new broker — with one major catch

    If the latest Wall Street mega-deal doesn't make you want to switch online brokerage accounts for a lucrative sign-up bonus, maybe it should. Wall Street giant Morgan Stanley announced an agreement Thursday to pay $13 billion to acquire the online brokerage E-Trade which has 5.2 million customer accounts. “The combination will significantly increase the scale and breadth of Morgan Stanley's Wealth Management franchise, and positions Morgan Stanley to be an industry leader in Wealth Management across all channels and wealth segments,” Morgan Stanley said in a statement.

  • How Does My Spousal Social Security Benefit Work?
    Politics
    Investopedia

    How Does My Spousal Social Security Benefit Work?

    If you have never worked or paid Social Security taxes (or not paid them for long enough), you will not be eligible to receive Social Security retirement benefits on your own account. You will also be able to apply for Medicare at age 65 as long as your spouse is at least 62. If you apply before you have reached full retirement age and your own benefit is larger, you will automatically be paid that amount.

  • Business
    Bloomberg

    Buffett Spends Record $2.2 Billion Buying Berkshire Shares

    Buffett's Berkshire Hathaway Inc., which loosened its repurchase policy almost two years ago after being stymied on the dealmaking front, has since taken a cautious approach to buybacks, acquiring only $6.3 billion of stock. In the fourth quarter, Buffett bought shares every month, and has no plans to slow down, if the price is right. “Shareholders having at least $20 million in value of A or B shares and an inclination to sell shares to Berkshire may wish to have their broker contact Berkshire's Mark Millard,” Buffett said in his annual letter to shareholders Saturday.

  • ‘Overprotected’ investors could get stung in the next recession, warns top Barclays strategist
    Business
    MarketWatch

    ‘Overprotected’ investors could get stung in the next recession, warns top Barclays strategist

    Rattled by rising non-China coronavirus cases — notably in South Korea — investors appear unwilling to load up on stocks heading into the weekend. Welcome to the world of helicopter investing and our call of the day from Barclays Wealth Management's chief investment officer William Hobbs, who finds overly anxious investors living in the “long shadow” caused by the financial crisis. “The most common narrative in markets is what to do when the next recession comes along — own Treasurys, own gold, own quality to such an extent that my concern would almost be that if the next recession is of a more normal variety, such as a stock retracement of 10% to 15% and moderate declines in unemployment, you'll find that you have overprotected yourself and the underperformance could actually be in the areas which you thought were giving you safety,” Hobbs told MarketWatch.

  • Warren Buffett is 'almost certain' that stocks will beat bonds over time if rates stay low
    Business
    Yahoo Finance

    Warren Buffett is 'almost certain' that stocks will beat bonds over time if rates stay low

    While Warren Buffett doesn't prognosticate on where interest rates are heading, the legendary 89-year-old investor expects stocks to continue to outperform bonds over time. Our perhaps jaundiced view is that the pundits who opine on these subjects reveal, by that very behavior, far more about themselves than they reveal about the future. What we can say is that if something close to current rates should prevail over the coming decades and if corporate tax rates also remain near the low level businesses now enjoy, it is almost certain that equities will over time perform far better than long-term, fixed-rate debt instruments,” Buffett wrote in Berkshire Hathaway's (BRK-A, BRK-B) widely-read a...

  • Why Warren Buffett wants you to ignore Berkshire's $53.7 billion gain on stocks
    Business
    Yahoo Finance

    Why Warren Buffett wants you to ignore Berkshire's $53.7 billion gain on stocks

    Warren Buffett cautions investors against putting too much emphasis on Berkshire Hathaway's (BRK-A, BRK-B) $81.4 billion in net earnings for 2019. During the period, the company run by Buffett reported $53.7 billion in unrealized gains on its equity investments. That $53.7 billion gain requires comment,” Buffett said.

  • Warren Buffett says Berkshire is '100% prepared' for his death, details what will happen to his stock
    Business
    Yahoo Finance

    Warren Buffett says Berkshire is '100% prepared' for his death, details what will happen to his stock

    Investing icon Warren Buffett says Berkshire Hathaway (BRK-A, BRK-B) is "100% prepared" for his death, and detailed what will happen to his shares in that event. In his widely-read annual letter, Buffett told the story of how his friend received "an irritating letter" from a local newspaper seeking biographical data for an obituary. Buffett, whose net worth is estimated by Forbes to be $90.2 billion, has 99% of his net worth in Berkshire shares.

  • Opinion: Bernie Sanders and the Missing $25 Trillion
    U.S.
    WSJ

    Opinion: Bernie Sanders and the Missing $25 Trillion

    During the Democratic debate on Feb. 19, 2020, Pete Buttigieg skewered Bernie Sanders over the high cost of his plans. Image: Mike Blake/Reuters

  • How Much Are Taxes on an IRA Withdrawal?
    Business
    Investopedia

    How Much Are Taxes on an IRA Withdrawal?

    How much you will pay in taxes on an individual retirement account (IRA) withdrawal depends on the type of IRA, your age, and the purpose of the withdrawal. In other cases, you owe income tax on the money you withdraw and sometimes an additional penalty if you withdraw funds before age 59½. There are a number of IRA options and a variety of places to open these accounts, but the Roth IRA and the traditional IRA are by far the most widely held types.

  • Business
    Barrons.com

    Stocks Drop on the Week but Still Look Bubbly. Time to Prepare for a Correction.

    The last time we got to these levels, the bubble burst and a 50%-plus global bear market began,” Consider the trading action in the market's most popular stocks. The FAANGs— (FB) (ticker: FB), (AAPL) (AAPL), (AMZN) (AMZN), (NFLX) (NFLX), and Google parent (GOOGL) (GOOGL)—are up 10% year to date, adding more than $330 billion in market value to the S&P 500. What's more, the average price/earnings ratio for FAANG stocks has jumped to 35 times estimated earnings from 21 times last year.

  • 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)

    The company has been making reliable dividend payments since 2014, and has raised the payment modestly in the past two years. At $1.44 annualized, the yield is a generous 8.54%. Barclays analyst Christine Cho sees PAGP growing going forward, resting as it does on a sound foundation.

  • Mason Hawkins' Southeastern Buys 4 Stocks in 4th Quarter
    Business
    GuruFocus.com

    Mason Hawkins' Southeastern Buys 4 Stocks in 4th Quarter

    Southeastern Asset Management recently disclosed its portfolio updates for the third quarter of 2019. Founded by Mason Hawkins (Trades, Portfolio) in 1975, the Memphis, Tennessee-based firm manages the Longleaf Partners Funds. GuruFocus has detected 4 Warning Sign with WMB.

  • Kraft Heinz Stock Is Not Worth Chasing
    Business
    InvestorPlace

    Kraft Heinz Stock Is Not Worth Chasing

    Berkshire Hathaway (NYSE:BRK.A,NYSE:BRK.B), led by famed investor Warren Buffett, remains a major shareholder, and in fact helped lead the merger between Kraft and Heinz. It doesn't take that much of a close look to see what's wrong with Kraft Heinz and with Kraft Heinz stock.

  • Appian Corporation Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?
    Business
    Simply Wall St.

    Appian Corporation Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

    It's been a mediocre week for Appian Corporation (NASDAQ:APPN) shareholders, with the stock dropping 19% to US$48.65 in the week since its latest full-year results. Appian reported revenues of US$260m, in line with expectations, but it unfortunately also reported (statutory) losses of US$0.77 per share, which were slightly larger than expected. After the latest results, the eight analysts covering Appian are now predicting revenues of US$297.3m in 2020.

  • Dividend ETFs To Buy And Watch For 2020
    Business
    Investor's Business Daily

    Dividend ETFs To Buy And Watch For 2020

    Dividends have long been a favorite of investment gurus from Warren Buffett to late Vanguard Group founder John Bogle, and it's easy to see why. Individual stocks can provide income, but dividend ETFs are an easy way to gain exposure to a basket of dividend-paying stocks. With a stock dividend, a company distributes additional shares instead of cash.

  • Justice Department announces $3 billion settlement with Wells Fargo
    Business
    ABC News Videos

    Justice Department announces $3 billion settlement with Wells Fargo

    Over 15 years, Wells Fargo employees made 2 million fake accounts, and the government said $500 million of the settlement will go to investors.

  • Buffett defends investments in stocks, which fueled record Berkshire profit
    Business
    Reuters

    Buffett defends investments in stocks, which fueled record Berkshire profit

    Warren Buffett on Saturday defended Berkshire Hathaway Inc's decision to invest heavily in the stocks of companies such as Apple Inc, as the conglomerate struggled to find whole businesses to buy. Buffett made his assessment in his annual letter to Berkshire shareholders, where the 89-year-old also assured that Berkshire is "100% prepared" for the eventual departures of himself and Vice Chairman Charlie Munger, 96. Berkshire also reported record net income for the year of $81.42 billion, reflecting enormous gains in its common stock holdings, though operating profit fell 3%.

  • Michael Bloomberg says it’s not so ‘simple’ to produce his tax returns — here’s what most high-income tax returns have in common
    Politics
    MarketWatch

    Michael Bloomberg says it’s not so ‘simple’ to produce his tax returns — here’s what most high-income tax returns have in common

    Michael Bloomberg, the billionaire former New York City mayor running for the Democratic presidential nod, says he will release his tax returns — but that's no easy feat. “I can't go to TurboTax,” Bloomberg, the founder and CEO of the global media and financial data company Bloomberg L.P., told Democratic debate moderators on Wednesday night. Bloomberg, who is worth $65.2 billion according to Forbes, said he makes money from all over the globe, so his tax payments are complex.

  • Avoid the Social Security Tax Trap
    Politics
    Investopedia

    Avoid the Social Security Tax Trap

    In the good old days, Social Security was tax-free. Below, we'll explore why and how Social Security benefits become taxable and provide some tips to help you dig your way out of the trap. There are two separate income thresholds for filers that will determine whether they have to pay tax on their Social Security benefits.

  • The Top 5 IBM Shareholders
    Business
    Investopedia

    The Top 5 IBM Shareholders

    Founded in 1911 as the Computing-Tabulating-Recording Company (C-T-R), the company now known as International Business Machines Corp. (IBM) can be traced back even farther, to the 1880s, when Dr. Alexander Dey invented the first dial recorder. More recently, IBM has become a global information technology company focused on software, cloud computing, and consulting services. Not surprisingly, all of the top individual shareholders of IBM are members of its senior management team.

  • 3 Marijuana Stocks Poised to Lead a Sector Rebound
    Business
    TipRanks

    3 Marijuana Stocks Poised to Lead a Sector Rebound

    As the Canadian cannabis market continues to fail to meet sales projections, the licensed producers (LPs) with the best balance sheets are poised to lead a market rebound. With both Aurora Cannabis and Tilray implementing restructurings, the industry could see a void in certain markets providing opportunities for companies with the ability to fund growth initiatives. Based on the Aurora restructuring, the company is exiting several international markets along with shifting a focus to a value brand.

  • Why Amazon Stock Is Headed to $2,500
    Business
    InvestorPlace

    Why Amazon Stock Is Headed to $2,500

    Following a recent earnings release, Amazon stock looks like it has only just begun to flex its muscle. On Wall Street today, Elon Musk's Tesla (NASDAQ:TSLA), Richard Branson's Virgin Galactic (NYSE:SPCE) or maybe Tim Cook's Apple (NASDAQ:AAPL) are Wall Street's stocks for weighing if the market has gone too far and far too quickly. On the heels of Amazon's recent fourth-quarter earnings release, the company and its shares are firing on all cylinders.

  • Buffett Bets on America Again
    Business
    GuruFocus.com

    Buffett Bets on America Again

    Investors searching for a guru that has been uber-bullish on the U.S. economy for decades need not look beyond Warren Buffett (Trades, Portfolio). In many televised interviews and his annual letters to shareholders of Berkshire Hathaway, Inc. (NYSE:BRK.A) (NYSE:BRK.B), the guru has emphasized why the largest economy in the world will continue to grow infinitely. GuruFocus has detected 5 Warning Signs with BRK.A. Click here to check it out.

  • This Is What a Comfortable Retirement Will Cost in Your State
    Business
    GOBankingRates

    This Is What a Comfortable Retirement Will Cost in Your State

    To be more precise, you'd need to save $2,017,597.95 to comfortably cover living expenses for 20 years in retirement. It takes over $100,000 per year to comfortably live in Washington thanks to high housing costs of $44,704 and the highest cost of groceries in the nation. California A comfortable retirement costs: $85,893.44 a year Costs in the Golden State are exceedingly high, primarily due to housing costs at about double the national average and the second-highest transportation costs in the country.