Amazon Echo coming to Marriott hotel rooms this summer
Marriott and Amazon are teaming up to offer Alexa concierge services in hotel rooms. Yahoo Finance's Seana Smith, Rick Newman, David Pogue and Ethan Wolf-Mann discuss.
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T-Mobile-Sprint deal could come in first quarter of next year, signaling shakeup for AT&T
American City Business Journals
- BusinessCNBC
Couple that saved $1 million to quit work in their 30s say this is the hardest part of retirement
After a decade of saving and investing more than half of their income, Justin and Kaisorn McCurry quit their jobs and retired in their 30s. Now, the Raleigh, North Carolina, couple are living their best lives . The hardest part might be adapting to more alone time and less structure.
- NewsMarketWatch
CNBC’s Jim Cramer says stock market is in ‘a very serious correction’ — and there’s nowhere to hide
Jim Cramer, CNBC’s “Mad Money” host and a prominent fixture among market commentators, on Monday said the market is enduring “a very serious correction,” underscored by the fact that there are few fundamental reasons for the market’s current downtrend. During CNBC’s “Halftime Report,” Cramer said notable is a slump in shares of so-called FANG names — the highflying quartet of Facebook Inc. (FB) Amazon.com Inc. (AMZN) Netflix Inc. (NFLX)and Google parent Alphabet Inc. (GOOGL)(GOOG) that are among the most influential on Wall Street due to their massive market values and the degree by which investors have piled into those investments for hope of consistent growth. All of those companies are in a corrective phase, defined as a drop of at least 10% from a recent peak, and Netflix and Facebook shares have shed around a third of their values since hitting 52-week peaks.
- FinanceInvestorPlace
The 9 Best Stocks to Buy for the Next Decade
A few years ago, InvestorPlace contributor Dan Burrows highlighted the 10 best-performing S&P 500 stocks of the past decade. A classic example of how true this is involves the Fidelity Magellan Fund (MUTF:FMAGX), the large mutual fund made famous by portfolio manager Peter Lynch. Fidelity studied the returns of Fidelity Magellan unitholders over those 13 years to see how they compared to the legendary portfolio manager.
- BusinessBloomberg
Four Ways GE’s Crisis Could Play Out
The dramatic decline has left investors wondering about the worst-case scenario for the industrial icon. As new Chief Executive Officer Larry Culp tries his hand at a turnaround, the possibilities span everything from a prolonged fight for survival to a swift journey to the junkyard. Revenue growth and profit margins might suffer, but GE would have a shot at regaining a higher credit rating and reflating its dividend, winning back investors.
- FinanceAmerican City Business Journals
T-Mobile-Sprint deal could come in first quarter of next year, signaling shakeup for AT&T
A T-Mobile U.S. executive signaled the tie-up with Sprint could be coming in a matter of months, giving AT&T a massive new rival as it tries to manage its own challenges. Chief Financial Officer J. Braxton Carter expressed confidence amid the regulatory review process for the merger during a discussion at a Morgan Stanley event in Barcelona. The deal could close in the first quarter, he said, noting the company has been providing documentation to the U.S. Department of Justice and the Federal Communications Commission.
- NewsMarketWatch
Hedge-fund boss who predicted ‘87 crash says get ready for some ‘really scary moments’
‘From a markets perspective, it’s going to be interesting. Paul Tudor Jones, a hedge-fund luminary, said he’s stress-testing his portfolio of corporate debt because he expects a tumultuous road ahead on the back of the Federal Reserve’s apparent commitment to normalizing interest rates and buttressed by corporate tax cuts from the Trump administration. Speaking at an economic forum in Greenwich, Conn., a hotbed for hedge funds, Jones said the Fed faces real challenges amid “the end of a 10-year run” of economic growth that many anticipate will soon come to a screeching, cyclical end.
- BusinessCNBC
Alexandria Ocasio-Cortez, the youngest woman ever elected to Congress, is down to less than $7,000 in savings
Alexandria Ocasio-Cortez, a 29-year-old Democrat who will represent the 14th Congressional District of New York, is the youngest woman ever elected to Congress and until recently worked in food service. The family sold its house in Yorktown in 2016 for $355,000 .
BusinessMotley FoolTop Stocks Warren Buffett Just Bought
Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) owns a lot of businesses outright, including homebuilders, railroads, and insurers, but it also manages a massive $200 billion stock portfolio that every investor ought to be paying attention
- BusinessCNBC Videos
Cramer: Don't buy shares of Nvidia—the chipmaker is in th...
Jim Cramer tells investors to steer clear of Nvidia's stock as it hovers near its 52-week lows.
BusinessReutersRegulator 'stunned and terrified' after causing PG&E stock surge
PG&E's stock had slumped over 60 percent since the state's deadliest-ever wildfire broke out last week on fears that without help from California's government, the utility could go bankrupt should it eventually be found responsible. The fire destroyed the town of Paradise and has killed at least 63 people. California Public Utilities Commission President Michael Picker told Reuters on Friday that utilities must be able to borrow money cheaply in order to properly serve ratepayers.
- FinanceAmerican City Business Journals
Report: Southwest swapped out flight-control sensors like those alleged in Indonesian crash
In the weeks before a Lion Air flight crashed off the coast of Indonesia, Southwest Airlines replaced two of the same type of sensors that have been alleged in the accident. Information about swapping the malfunctioning sensors was found in a review of Southwest (NYSE: LUV) maintenance records by the Wall Street Journal. The Journal reported that the sensors involved the Boeing 737 MAX 8 aircraft, the same plane that crashed in Indonesia.
- BusinessThe Telegraph
Facebook investors call on Mark Zuckerberg to resign as chairman following damaging report
Facebook investors have called on the company’s chief executive Mark Zuckerberg to step down as chairman, following reports that the company hired a public relations firm to smear its critics by drawing links to George Soros. Jonas Kron, a senior vice president at Trillium Asset Management, a US investor which owns an £8.5m stake in Facebook, last night called on Mr Zuckerberg to step down as board chairman in the wake of the report.
- PoliticsFortune
Melania Trump Spent $174,000 on Hotels During a Trip to Canada. She Didn't Stay Overnight
During a day trip to Toronto last year, Melania Trump spent about $174,000 in hotel bills, Quartz reported. Trump’s schedule on Sept. 23, 2017, showed that the trip spanned about 12 hours: She arrived in Toronto around noon, met with Canadian prime minister Justin Trudeau around 6:30 p.m., and left just after midnight, Quartz reported.
- FinanceInsider Monkey
Bill Ackman Goes Against Falling Smart Money Sentiment With Starbucks Corporation (SBUX) Purchase
Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in October due to various reasons. Nevertheless, the data show elite investors' consensus picks have done well
- BusinessBenzinga
A Health Care Pair Trade From Bank Of America: Sell Sabra Health, Hold Omega Health
Bank of America Merrill Lynch maintained its bearish stance on health care REITs in the wake of third-quarter results and the the National Association of Real Estate Investment Trusts annual conference. On Friday, the sell-side firm identified a pair
- BusinessYahoo Finance Video
Chipwrecked: Nvidia sinks
Nvidia's earnings came in lower than expected causing the tech sector to tumble.Yahoo Finance's Julie Hyman, Adam Shapiro, and Andy Serwer discuss with Mark Travis, President at Intrepid Capital.
- BusinessCNBC
Saudi Arabia is slashing oil shipments to US, a tactic that boosts prices and may rile Trump
Saudi Arabia is loading fewer barrels on ships bound for the United States, a tactic that has boosted oil prices in the past. Sending less oil to the United States means U.S. crude stockpiles are more likely to fall, and shrinking inventories tend to push up oil prices. The move could spark a new conflict with President Donald Trump, who wants to drive down energy costs for Americans.
- BusinessMotley Fool
Warren Buffett Just Sold 19 Million Shares of This Oil Giant: Here's the Big Takeaway
No company's 13-F filing gets more scrutiny than that of Berkshire Hathaway Inc. (NYSE: BRK-B) (NYSE: BRK-A). This quarter, Berkshire continued to sell shares of Phillips 66 (NYSE: PSX), the refining, midstream, and petrochemicals giant. After selling about $1.4 billion in shares last quarter, Berkshire has cut its stake in Phillips 66 by more than 80% in less than a year.
- FinanceInvestorPlace
Watch Closely as IQ Stock Inches Closer to a Buyer/Seller Showdown
The fact that China’s iQiyi (NASDAQ:IQ) is being compared to Netflix (NASDAQ:NFLX) is an accolade in and of itself. Netflix dominates the western hemisphere’s OTTV market. IQ stock, however, has been uncomfortably tough to stick with after its post-IPO peak in June.
- FinanceMarket Realist
Jim Cramer’s Recommendations in the Cannabis Industry
On November 15, the widely followed host of Mad Money on CNBC, Jim Cramer, gave his opinions on the cannabis industry. Cramer pointed investors to Canopy Growth (WEED) (CGC), the Canadian cannabis (HMMJ) giant, because of its backing from Constellation Brands as a result of the latter’s $4 billion investment.
FinanceMarket RealistWarren Buffett Continues to Avoid Ford, Adds More GM Shares
On November 14, Warren Buffett’s Berkshire Hathaway revealed in its 13F filings that the company added more General Motors (GM) shares to its portfolio. In the third quarter, Berkshire Hathaway bought ~1.06 million shares of the largest US automaker (XLY) after adding ~1.4 million shares in the second quarter. Berkshire Hathaway’s total stake reached 52.46 million shares in the third quarter—compared to 51.39 million shares in the second quarter.
FinanceMarket RealistWhy China’s NIO Is Besting Its US Peers—and the US Market
Why China’s NIO Is Besting Its US Peers—and the US Market NIO Chinese electric car maker NIO (NIO), popularly known as China’s Tesla (TSLA) killer, has been breaking the rules of market gravity. The stock has surged 20.3% so far this month as of November
- BusinessMotley Fool
Which Marijuana Stock Won Earnings Week -- Aurora Cannabis, Canopy Growth, Cronos Group, or Tilray?
For several leading Canadian marijuana growers, this was a big week. Four of the biggest players in the Canadian cannabis industry reported their quarterly results: Aurora Cannabis (NYSE: ACB), Canopy Growth (NYSE: CGC), Cronos Group (NASDAQ: CRON), and
- FinanceMarket Realist
Why Citron’s Andrew Left Is Shorting Cannabis Stocks
Cannabis stocks have made several investors wary because of their high level of volatility. Earlier this week, some of the companies that reported earnings such as Canopy Growth (WEED), Tilray (TLRY), and Aurora Cannabis (ACB) (ACBFF) missed analysts’ estimates by a large margin, and the stocks got hammered. In an interview with CNBC, Andrew Left of Citron Research was largely pessimistic on the Canadian cannabis industry and expects that cannabis stocks will fall in the near term.
BusinessMotley FoolWhy Ford's Stock Is Down Over 23% So Far in 2018
Not so long ago, Ford Motor Company (NYSE: F) was an investor darling, with growing profits and a management team that seemed to have everything in hand. The easy answer is that stock prices tend to mirror investors' expectations about profits, and Ford's profits have fallen sharply in 2018.
