• 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

  • Tesla's unfettered ambition will drain finances: analysts
    Reuters

    Tesla's unfettered ambition will drain finances: analysts

    Musk unveiled one flashy strategy for generating cash during the launch event Thursday for the Semi truck, surprising the audience with a prototype of a new generation of the Tesla Roadster. Musk promised the Roadster will be the fastest production car available. Musk did not offer details about how Tesla would generate additional funds to deliver the semi truck and the roadster, and overcome production problems that have hobbled production of the company's high-volume sedan, the Model 3.

  • Reuters

    Global Markets: U.S. dollar, Wall Street fall with tax overhaul in focus

    The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at overhauling U.S. tax law. U.S. Treasury yields edged lower, in line with declines in U.S. stock indexes and German 10-year bond yields, as risk appetite faded. The U.S. House of Representatives voted in favor of its version of a tax overhaul bill that would cut corporate taxes on Thursday.

  • Meet some people getting rich from bitcoin
    Yahoo Finance

    Meet some people getting rich from bitcoin

    For Eddy Zillan’s bar mitzvah in 2012, his parents gave him $5,000 to start an investment fund. Instead, he began buying cryptocurrencies like bitcoin and ethereum. Eddy saved up another $7,000 from summers spent working at a tennis club and other jobs, adding that to his investment fund for a total $12,000 in principal.

  • CEO Les Moonves: CBS may not be able to stay out of the media deal frenzy much longer
    CNBC

    CEO Les Moonves: CBS may not be able to stay out of the media deal frenzy much longer

    Against the backdrop of sweeping consolidation in the media industry, CBS (CBS) Chairman and CEO Les Moonves says he is positioning the network as the underdog against "monstrous companies," including Comcas (CMCSA)t (CMCSA), Disney (DIS), as well as online powerhouses Netflix (NFLX) and Amazon (AMZN). Moonves spoke with Julia Boorstin at CNBC's Net/Net event on Thursday evening as word was leaking out that Comcast and Verizon (VZ) were sniffing around the same assets of Twenty-First Century Fox (FOXA) that Disney was said to be in talks to buy.

  • Ultragenyx's rhGUS Gets FDA Nod for Rare Genetic Disease
    Zacks

    Ultragenyx's rhGUS Gets FDA Nod for Rare Genetic Disease

    Ultragenyx Pharmaceutical Inc. RARE announced that the FDA has approved its genetic disorder drug, vestronidase alfa or rhGUS, for treatment of children and adults with mucopolysaccharidosis VII (MPS VII, also known as Sly syndrome). Notably, mucopolysaccharidosis VII is a progressive and debilitating rare genetic disorder. In July 2016, the company announced positive top-line data from the study.

  • Stitch Fix’s Katrina Lake Did More With Less Cash
    Bloomberg

    Stitch Fix’s Katrina Lake Did More With Less Cash

    Katrina Lake became the first female chief executive officer to take a company public in the U.S. this year when Stitch Fix Inc. started trading on Friday. Almost more unusual is the fact she did it with a fraction of the cash of most venture-backed companies: The online subscription apparel retailer had raised just $42 million. Lake had to do more with less because female entrepreneurs are at a disadvantage when raising money from mostly male venture capitalists. A Bloomberg study last year showed that women founders got about $3 for every $4 that male founders raised. Just 7 percent of founders are women. But Stitch Fix’s IPO shows that this funding shortfall can sometimes be an advantage in

  • Lockheed Martin, Northrop Grumman, more land $140M in local contracts
    Orlando Business Journal

    Lockheed Martin, Northrop Grumman, more land $140M in local contracts

    Major defense contractors earned big contracts with work in Orlando, and all of them are hiring dozens — even hundreds — of local workers. Here's a breakdown: Northrop Grumman Corp: The Falls Church, Va.-based company won a $66.3 million contract with the U.S. Defense Logistics Agency on Nov. 16. Northrop Grumman Systems Corp. in Melbourne will deliver aircraft power amplifier modules, which is equipment used for ground and airborne communications. The contract has a Sept. 30, 2021, completion date. Northrop Grumman: The company's Melbourne unit landed another contract on Nov. 16, this one worth $15 million with the U.S. Defense Logistics Agency. The contract is to deliver aircraft high-voltage

  • Why ArcelorMittal (MT) Is the Best Steel Stock Today
    Zacks

    Why ArcelorMittal (MT) Is the Best Steel Stock Today

    ArcelorMittal MT – the biggest steel producer on the planet – is having an impressive run of late, thanks to improving global steel market conditions and the company’s internal initiatives. The Luxembourg-based company has seen its shares shoot up roughly 34% so far this year. ArcelorMittal has also seen strong earnings estimate revision activity over the past month, suggesting analysts are becoming more bullish on the firm’s prospects in both the short and long term.

  • Stocks should finish higher into year-end: Tom Lee
    CNBC Videos

    Stocks should finish higher into year-end: Tom Lee

    The “Fast Money Halftime Report” traders and Fundstrat's Tom Lee discuss the next moves for the market after it dipped into negative territory.

  • 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,

  • INTC, TXN, NVDA: Which Chip Maker to Bet On Post-Q3 Earnings?
    Zacks

    INTC, TXN, NVDA: Which Chip Maker to Bet On Post-Q3 Earnings?

    As of Nov 8, around 77.4% of the tech sector companies on the S&P 500 index reported their Q3 earnings results. In this quarter, of the eight companies that make up the broader Zacks industry, six have already reported earnings, with five beating their Zacks Consensus Estimate. Each of the three major semiconductor chip makers, Intel Corp. INTC, NVIDIA Corp. NVDA and Texas Instruments Inc. TXN may have fundamental differences but came up with upbeat third-quarter results.

  • U.S.News & World Report

    The Ultimate Retirement Readiness Checklist

    You may have a dollar amount, age or career milestone in mind that's associated with your retirement date. Aim to enter retirement with a comprehensive plan that ensures you're in complete control of your money and life. Your retirement plan should include everything that will impact your lifestyle before the big day arrives.

  • Why the Contraction in Money Supply Could Mean Trouble
    Bloomberg Video

    Why the Contraction in Money Supply Could Mean Trouble

    Nov.17 -- Jim Paulsen, Leuthold Group chief investment strategist, discusses the impact of the money supply contraction on the economy with Bloomberg's Julie Hyman and Shery Ahn on "Bloomberg Markets."

  • Bitcoin is overvalued, investors say
    Yahoo Finance

    Bitcoin is overvalued, investors say

    Of more than 6,300 respondents, 23% said they had purchased bitcoin and 20% still held some. Seventy-one percent of bitcoin buyers told us they’ve made money, while 8% said they’ve lost money. Nearly one-quarter of bitcoin buyers said the investment has changed their lives — mainly by making them wealthier on paper and giving them more money to spend.

  • Boeing vs. Airbus: Who Stole the Dubai Air Show 2017?
    Zacks

    Boeing vs. Airbus: Who Stole the Dubai Air Show 2017?

    Dubai Air Show 2017 witnessed some landmark deals involving renowned jet makers from across the globe, showcasing their state-of-the art aircraft both in the defense as well as commercial space. Air Shows are often held as trade events wherein aircraft manufacturers unveil their new jets alongside demonstrating upgraded avionics to promote their product lines to global customers. The Dubai Air Show is also no exception.

  • Tax plan could hurt homeowners and create credit risk in high tax areas
    CNBC.com

    Tax plan could hurt homeowners and create credit risk in high tax areas

    The Congressional tax overhaul could put a dent in home values in high-tax states and create looming credit risks for local governments. S&P Global Ratings said this week that the proposals to eliminate state and local tax deductions could be a direct blow to residents of high tax states because of the potential hit to property values. In turn, there could "be a credit impact from both the tax base reductions and resulting lower tax revenues" for local governments dependent on property taxes. Most affected are California, New York, and New Jersey, while states with lower taxes, like Florida and Texas, could see benefits, the S&P analysts said. The House approved its version of the tax bill Thursday,

  • 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

  • This Black Friday Favorite Is the Biggest Retail Story of 2017
    The Street

    This Black Friday Favorite Is the Biggest Retail Story of 2017

    Not long ago, shopping on Black Friday used to mean jammed highways and crowded malls. Online shopping has changed all of that. As the meaning of Black Friday has changed, so has the type of company that benefits most from the biggest shopping day of the year. In my opinion, Walmart (WMT) is the biggest retail story of 2017. When it became clear that the mega retailer had a plan to take on Amazon (AMZN) head-on, the online retail game changed. Here's why I love this company for Black Friday: Amazon can't compete with Walmart's bricks-and-mortar locations. That's right, Walmart will use the same factor that is crippling so many retailers as a weapon to beat the online retail giant. The key is

  • Broadcom CEO Hock Tan Is Going to Buy Qualcomm Eventually
    The Street

    Broadcom CEO Hock Tan Is Going to Buy Qualcomm Eventually

    "Hock Tan gets his man," TheStreet's Jim Cramer said on CNBC's "Stop Trading" segment Friday regarding Broadcom (AVGO) CEO Hock Tan, in reference to the company's attempted buyout of Qualcomm (QCOM) . He says Tan will eventually get his wish. Broadcom previously made a $70 per share offer to acquire Qualcomm, valuing the latter at roughly $103 billion. Qualcomm rejected the offer, saying it wasn't enough and even if it was, the tie-up would likely face regulatory hurdles. Interestingly enough, both companies face other M&A situations. On Friday morning, Broadcom closed its $5.5 billion acquisition of Brocade. In Qualcomm's case, the company's much larger $47 billion deal to acquire NXP Semiconductors

  • Tax Bill Moves Along, Retailers Rally and the Dow Sinks Again -- Week in Review
    The Street

    Tax Bill Moves Along, Retailers Rally and the Dow Sinks Again -- Week in Review

    Wall Street pulled back from recent highs in the past week even as the Republicans' tax bill made progress in the House and retailers rallied on better-than-expected earnings.  The Dow Jones Industrial Average fell 0.27% over the past week after having fallen three out of the past five sessions. The index closed with losses for the second week in a row. The Dow has not seen a back-to-back weekly decline since mid-August.  The S&P 500 was also lower, but just barely. The index dropped 0.13% over the past five sessions, also its second week of losses in a row.  The tech sector drove the Nasdaq to a weekly gain of 0.47%. The index also ended Thursday, Nov. 16, with an all-time closing high.  A Great

  • Alnylam Starts Rolling NDA Submission for RNAi Candidate
    Zacks

    Alnylam Starts Rolling NDA Submission for RNAi Candidate

    Alnylam Pharmaceuticals, Inc. ALNY announced that it has initiated submission of a rolling New Drug Application (NDA) to the FDA for lead candidate patisiran. The candidate is an investigational RNAi therapeutic targeting transthyretin (TTR) for the treatment of hereditary ATTR (hATTR) amyloidosis.  The rolling submission allows completed portions of an NDA to be reviewed by the FDA on an ongoing basis. Notably, the NDA filing is based on promising results from the APOLLO phase III study that met its primary as well as all secondary endpoints.

  • Why Acco Brands (ACCO) Stock Might be a Great Pick
    Zacks

    Why Acco Brands (ACCO) Stock Might be a Great Pick

    One stock that might be an intriguing choice for investors right now is Acco Brands Corporation ACCO. This is because this security in the Office Supplies space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is arguably taking place in the Office Supplies space as it currently has a Zacks Industry Rank of 8 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

  • MarketWatch

    Gold marks 1-month high as dollar retreats

    Gold prices rallied Friday to a more than one-month high, tacking on nearly 1.8% for the week, as the latest developments in the investigation into Russia’s interference in the U.S. presidential election knocked the dollar lower. Gold futures, which saw their biggest single-session percentage gain since May, scored an almost 1.8% weekly rise, its second in a row. The exchange-traded SPDR Gold Trust (GLD) was up 1.2%, set for a weekly climb of 1.5%.

  • Roche's (RHHBY) Hemophilia A Drug Receives FDA Approval
    Zacks

    Roche's (RHHBY) Hemophilia A Drug Receives FDA Approval

    Roche Holdings RHHBY announced that the FDA has approved Hemlibra (emicizumab-kxwh) for routine prophylaxis to prevent or reduce the frequency of bleeding episodes in adults and children with haemophilia A with factor VIII inhibitors.The approval comes