• These states lost the most jobs in 2017
    Fox Business

    These states lost the most jobs in 2017

    While the unemployment rate continues to decline under President Donald Trump, hitting 4.1%, the lowest since 2000, there are certain industries—and states—that continue to experience job losses.GoBankingRates analyzed data from the Bureau of Labor Statistics

  • Alibaba goes offline with $2.9 billion stake in China's top grocer
    Reuters

    Alibaba goes offline with $2.9 billion stake in China's top grocer

    Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China's top hypermart operator, Sun Art Retail Group Ltd, part of a wider push into offline retail. As part of an alliance with Auchan Retail S.A. and Ruentex Group, Alibaba would buy the stake from Ruentex while Auchan Retail would boost its stake, the three companies said in a joint statement. The alliance would target opportunities in China's $500 billion food retail sector, as Alibaba races to build big-data capabilities in the offline retail market where roughly 85 percent of sales are made.

  • Procter & Gamble Update: Doug Kass' Views
    The Street

    Procter & Gamble Update: Doug Kass' Views

    Here are Doug Kass' top thoughts on some of the biggest stories of the week. Update on What's Up with P&G I placed Procter & Gamble ( PG) on my Best Ideas List as a short on Aug. 31 at $92.56. The shares closed Thursday at $88.23 and, as of this writing, are up $1.57 in premarket trading. Thursday, it was announced that activist investor Nelson Peltz may have won his board seat. Frankly, if the proxy results stand, and Peltz secures his seat on the P&G board, I suspect he will have little impact and that the relationship with Peltz will remain contentious. I am a short seller in PG today based on my negative consumer packaged goods thesis. Originally published Nov. 16 at 9:13 a.m. EST Doug Kass

  • Exclusive: Qualcomm set to win conditional Japanese antitrust okay for NXP deal - source
    Reuters

    Exclusive: Qualcomm set to win conditional Japanese antitrust okay for NXP deal - source

    U.S. smartphone chipmaker Qualcomm (QCOM.O) is set to win “imminent” Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors (NXPI.O) and gain Europe’s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter said. Winning the green light from both competition authorities would take Qualcomm a major step forward to closing the deal and reinforce its fight against an unsolicited $103-billion takeover bid from Broadcom. The Japan Fair Trade Commission (JFTC) "is expected to clear Qualcomm’s acquisition of NXP imminently," the source said.

  • The reasons Americans give for buying bitcoin show they have no idea what they’re doing
    MarketWatch

    The reasons Americans give for buying bitcoin show they have no idea what they’re doing

    Worried about the gigantic bitcoin mania? You should be. As the speculative online “currency” surged again Thursday to a fresh record above $7,800, valuing all the bitcoins in the world at an eye-watering $130 billion, a new survey revealed that most of the ordinary Americans playing the high-risk game have absolutely no idea what they are doing. Three-quarters of bitcoin BTCUSD, +1.33%   holders could not identify a sound financial reason for investing, two-thirds said they hadn’t locked in a nickel of profits even as the price of the token rocketed skyward, and more than half said they didn’t worry about the technology security of their bitcoins — even though hundreds of millions of dollars

  • If your boss has sexually harassed or bullied you, can you really trust HR?
    MarketWatch

    If your boss has sexually harassed or bullied you, can you really trust HR?

    Experts say that workplace bullying is disturbingly common. A big part of the problem is that there are very few places bullied and harassed employees can turn to for help. Bullying bosses and toxic workplaces have dominated the headlines recently. Along with allegations of sexual assault and harassment perpetrated by movie mogul Harvey Weinstein, members of the entertainment industry have described how his brother Bob Weinstein would bully and verbally abuse staff. In a written statement to The Wall Street Journal, Weinstein said: “At times I have a temper, but I would not describe it as volatile, and I’m definitely not a bully.” The Weinstein company did not immediately return a request for

  • The bears may have missed their last chance to feast on 2017's stock market
    CNBC.com

    The bears may have missed their last chance to feast on 2017's stock market

    Stocks in Europe and Japan, leaders all year, were in sharp pullbacks and Chinese growth numbers fell a bit short. Prices for high-yield corporate debt, a key support for equities, were sagging and their yields rising from historically low levels. It all came together in some concerted selling that in most times would be a routine retreat from near record highs but in this calm, relentless rally passed for real downside drama: The Dow Jones industrial average fell more than 150 points two mornings in a row, the S&P 500 Volatility Index spurted to a three-month high and cash fled from the junk-bond ETFs that many watch as gauges of risk appetite and market equanimity. Then, as quickly as the worry surged, it ebbed, with the bears managing no more than a morsel.

  • Saudi Arabia will likely carry to day on oil output curb ...
    CNBC Videos

    Saudi Arabia will likely carry to day on oil output curb ...

    Vandana Hari, founder at Vanda Insights, says Saudi Arabia will manage to convince allies at a Nov. 30 meeting to extend oil output curbs.

  • Toshiba gains breathing room with $5.4 billion share issue to overseas investors
    Reuters

    Toshiba gains breathing room with $5.4 billion share issue to overseas investors

    TOKYO/HONG KONG (Reuters) - Toshiba Corp's planned $5.4 billion new share issue to overseas investors is set to provide it with most of the funds it needs to avoid a delisting - a quickly arranged deal that underscores both the weakness of its finances and the allure of its chips unit. Burdened by billions of dollars in liabilities at its bankrupt U.S. nuclear reactor maker Westinghouse, Toshiba has been seeking to make up the difference by the end of the financial year in March or face a delisting. The share issue, decided at a board meeting on Sunday, is equivalent to a 35 percent stake in the embattled Japanese conglomerate and will see more than 30 overseas investors, including Third Point LLC, Oasis Management Company and Cerberus Capital Management, take part.

  • Lowe's, Salesforce, and turkey — What you need to know for the week ahead
    Yahoo Finance

    Lowe's, Salesforce, and turkey — What you need to know for the week ahead

    After stocks lost ground for the second week in a row, investors in the U.S. will be facing a shortened holiday trading week and a light economic and earnings calendar. Economic highlights will come on Wednesday, with the final reading on consumer sentiment from the University of Michigan and the release of the minutes from the Federal Reserve’s latest meeting. Major earnings releases will all come before the Thanksgiving holiday, with salesforce.com (CRM), Dollar Tree (DLTR), Campbell’s Soup (CPB), and Lowe’s (LOW) reporting on Tuesday, while Deere (DE) will report earnings before the market open on Wednesday.

  • Oilprice.com

    Tesla Investors Are Losing Patience

    Tesla CEO Elon Musk frequently says grandiose things to investors that ultimately fall far short of his projections. Thus far, this tactic has helped to prop up Tesla’s share price. Tesla reported a record loss, but Tesla CEO Elon Musk has an uncanny way of reassuring investors that everything is just fine.

  • Amazon Is Far From the Only U.S. Tech Giant to Face an Uphill Battle in China
    The Street

    Amazon Is Far From the Only U.S. Tech Giant to Face an Uphill Battle in China

    As the FANG stocks and Microsoft Corp. (MSFT) bask in the glow of a big 2-year run-up during which they've frequently blown past analyst estimates and seen core businesses defy the law of large numbers, they share a common Achilles heel: In China, they've struggled to see a fraction of the success they've witnessed in most other big markets. Indeed, other than Apple Inc. (AAPL) and to a lesser degree Priceline Group Inc. (PCLN) , it's hard to think of a U.S. tech giant that has managed to profit from Chinese consumers on a large scale. And while big-name U.S. tech firms have been relatively more successful selling to enterprises in the world's #2 economy, those efforts have also faced plenty

  • The best business schools of 2017, according to Bloomberg
    MarketWatch

    The best business schools of 2017, according to Bloomberg

    The Bloomberg Businessweek list of best business schools for 2017 is out, and Harvard Business School tops the list for the third straight year. The Wharton School at the University of Pennsylvania and the MIT Sloan School of Management rose to the second and third spots, while Stanford dropped a bit. And one of this year’s biggest losers was George Washington University School of Business, which dropped 14 spots to No. 59. Here are the top 10 business schools of 2017, according to Bloomberg. Bloomberg Businessweek also broke down the ranking by factors including employers, alumni, current students, job placement and salary. Related read: The 10 best business schools for aspiring entrepreneurs

  • Saudi Crackdown Sent Shivers Through Largest Middle East IPO
    Bloomberg

    Saudi Crackdown Sent Shivers Through Largest Middle East IPO

    A Dubai property developer managed to pull off the Middle East’s largest initial share offering this year, but only after it was almost derailed by the sweeping arrests in neighboring Saudi Arabia, where authorities say they’re rooting out corruption. Advisers to Emaar Properties PJSC scrambled to complete a $1.3 billion share offering in its United Arab Emirates development business after local investors reneged on hundreds of millions of dollars in demand on the last day of the sale, according to people familiar with the matter. The retreat was triggered by Saudi Arabia’s unexpected crackdown, they said. In the end, Emaar Development PJSC was able to pull off the listing within the original price range, with backing from some prominent regional investors as well as global funds, which accounted for about 40 percent of the sale.

  • Weekend roundup: Tesla’s big splash | Retail’s opportunity
    MarketWatch

    Weekend roundup: Tesla’s big splash | Retail’s opportunity

    MarketWatch rounded up 10 of its most interesting topics over the past week. 1. Game-changer from Tesla Tesla Inc. CEO Elon Must previewed an electric semi truck that could haul up to 80,000 pounds, have a 500-mile range and could revolutionize the U.S. long-haul transportation industry. He also said a new version of the Tesla Roadster is on the way — one that can accelerate from 0 to 60 miles an hour in less than two seconds. Read on: 4 ways Tesla’s electric truck announcement could change our roads 2. Bad retail Target Corp.’s TGT, +5.52% third-quarter earnings were better than analysts had expected, but its shares still sank 10% on Wednesday and haven’t fully recovered. Tonya Garcia explains

  • Oilprice.com

    Can Australia Surpass Qatar As World’s Top LNG Supplier?

    An advantageous geographical location and liberalised trade in energy resources allow Australia to successfully compete for the most lucrative and promising liquefied natural gas (LNG) markets. Come 2020, Australia likely will be the world’s largest LNG supplier. Australia is the second-largest exporter of LNG, with Qatar topping the list.

  • Attention, Amazon! Walmart Is Crushing All Takers in Online Groceries
    The Street

    Attention, Amazon! Walmart Is Crushing All Takers in Online Groceries

    You've probably heard by now that Wal-Mart Stores, Inc. (WMT) is on fire. The world's biggest retailer reported 50% year-over-year growth in e-commerce during its third quarter. If its developments in online grocery are any indication, Walmart's digital sales are primed to go up, up, up. Walmart executives highlighted grocery delivery as a leading factor for its sky-high online growth. The 50% increase, in fact, beats Amazon.com Inc.'s (AMZN) third-quarter sales uptick of 28.8%, which accounts for only its product sales.  In the third quarter, the Bentonville, Ark.-based chain explanded online grocery pickup and tested same-day grocery deliveries, according to CEO Doug McMillon. Online grocery

  • Making More Liveable Cities in China
    Bloomberg Video

    Making More Liveable Cities in China

    Nov.19 -- Tim Jowett, Asia-Pacific director of investment strategy at Grosvenor, discusses China's housing policy, Hong Kong's Kennedy Town as a model for creating livable cities in China. He speaks on "Bloomberg Markets: Asia."

  • GE CEO buys over $1 million in stock on the dip
    MarketWatch

    GE CEO buys over $1 million in stock on the dip

    General Electric Co.’s new Chief Executive John Flannery bought over $1 million worth of GE stock, after prices dipped to a near six-year low amid disappointment over his turnaround plan. The industrial conglomerate disclosed in a filing with the Securities and Exchange Commission Friday that Flannery bought 60,000 shares of GE stock GE, -0.22% on Nov. 15 at a price of $18.27, which implies a cost $1,096,200. That increased Flannery’s stake in the company to 683,026 shares, representing about 0.01% of the 8.67 billion shares outstanding as of Sept. 30. Flannery stepped in to buy after the stock plunged 12.6% in two days, the biggest two-day selloff in 8 1/2 years, after his plan to turn the company

  • How the list of America’s most valuable companies has changed over 100 years
    MarketWatch

    How the list of America’s most valuable companies has changed over 100 years

    Which company will be the biggest in America, 100 years from now? Judging by the chart below, it’s fair to say it may not be Apple AAPL, -0.56% This chart from cost-calculating website HowMuch.Net uses Forbes data to identify which American companies were the top corporate giants over the past century. The size of the circle in the visualization corresponds to the company’s valuation, adjusted for inflation to 2017 dollars. Companies are color-coded by industry. As Raul Amoros for HowMuch.Net points out, the top 10 companies in each year are all different. In 1917, U.S. Steel X, +0.55%   reigned supreme, while in 1967, IBM IBM, -0.10%  was king. The year of 2017 has been dominated, no surprise,

  • TheStreet.com

    Don't Panic GE Investors, There Are Plenty of Alternatives for Dividend Income

    , especially those who are retired and are (or were) relying on the stock's 24-cent quarterly dividend to fund their living expenses, should not panic -- even though the stock is down 11% over the past five days. On Tuesday, John Flannery, the CEO of GE, announced plans to restructure the company and focus on healthcare, aviation and energy, and halve its quarterly dividend to 12 cents a share. "Investors liked GE because it was a stable company with a consistent rising dividend," said Peter Snow, director of investment research with NFP Corporate Benefits.

  • Can Oil Majors Continue To Beat Estimates?
    Oilprice.com

    Can Oil Majors Continue To Beat Estimates?

    Over the last decade, driven by high growth and increasing demand, oil prices soared to $140 per barrel. The European economy slowdown, emerging economies’ diminishing oil demand, OPEC maintaining pumping volumes, the return of Iran to regain their market share, and rising U.S. shale production all contributed to an enormous oil supply glut around the globe. This situation resulted in storing oil in floating vessels and dumping in landfills, thus leading to a contango scenario—where future prices are higher than the expected future spot price, and investors pay premiums for storage costs.

  • Alibaba's 'Amazon-Whole Foods Moment' Pits Online Giant Against Walmart in China
    The Street

    Alibaba's 'Amazon-Whole Foods Moment' Pits Online Giant Against Walmart in China

    Alibaba Group Holding Ltd  (BABA)  took a page from the Amazon Inc. (AMZN) playbook Monday, grabbing a major stake in China's biggest food hypermarket chain and setting up what could be a fascinating clash with both the world's biggest online group and the world's biggest brick-and-mortar retailer, Wal-Mart Stores (WMT) . Alibaba will pay just under $2 billion for a 36% stake in Sun Art Retail Group, which runs China's biggest chain of supermarkets, alongside a similar stake owned by France's Groupe Auchan Retail SA and a much smaller holding for Taiwan's Ruentex. The move, however, looks incredibly similar to Amazon's $13.7 billion acquisition of Whole Foods Markets (WFM) earlier this year and

  • This is the highest-paying job in AI
    MarketWatch

    This is the highest-paying job in AI

    Good news for non-robots everywhere. There might still be a job in artificial intelligence with your name on it. And it might pay quite a lot. The median base pay for open jobs in artificial intelligence is about $111,000 per year, more than twice the U.S. median base pay for full-time workers, $51,000 per year, according to the jobs site Glassdoor. Glassdoor analyzed the artificial-intelligence related jobs on its site to determine that median. The top-paying AI job, in a sample of open jobs on Glassdoor as of Oct. 20, was director of AI at a tech company, an executive-level role. Glassdoor estimated it would pay roughly $257,000, not including any bonuses and stock-related compensation. The

  • Cisco analysts hike price targets on revenue forecast, stock closes at almost 17-year high
    MarketWatch

    Cisco analysts hike price targets on revenue forecast, stock closes at almost 17-year high

    Cisco Systems Inc.’s forecast of a return to revenue growth after a two-year drought sent shares to levels not seen since the dot-com boom on Thursday and analysts scrambling to raise stock price targets, as the networking equipment giant pivots to a more software-based strategy. Cisco CSCO, +0.06%  shares rallied 5.2% to close at $35.88, after touching an intraday high of $36.67, on volume of 60.8 million shares, compared with a 52-week average daily volume of 20.5 million shares. The stock marked its highest finish in nearly 17 years: The last time Cisco shares closed higher was Feb. 1, 2001 at $38.25 according to FactSet data. After lagging behind the Dow Jones Industrial Average DJIA, -0.43%