Jim Cramer says China seems to have blinked in its trade dispute with the United States.
The former Tesla employee who was fired and then sued by the electric vehicle automaker has filed a formal whistleblower tip to the U.S. Securities and Exchange Commission alleging the company has misled investors and put its customers at risk. Martin Tripp has retained Meissner Associates, a whistleblower, securities, investment fraud and employment law firm to represent him before the SEC. Tesla did not respond to questions about the whistleblower tip.
The list is long (about 40 stocks), and Goldman pegs all of them as having roughly 30% or more upside to their price target. The first stock on Goldman Sachs “buy” list that I like is Starbucks (NASDAQ:SBUX). For the first time in three years, SBUX stock has fallen below $50.
The 39-year-old adult film star who claims to have had sex with President Donald Trump was charged with three misdemeanors, each punishable by up to six months in jail and a $1,000 fine. By early afternoon, prosecutors said they were dropping the case because Ohio’s law against physical contact between strippers and customers applies only to someone who “regularly” performs at a club.
Wrapped up in that decision is a related question: When should you start collecting Social Security? About a third of retirees, 34.3%, start then, while the next most common age, 66, is chosen only by about 18%. The first reason is this: Retirement can be even better than you expect.
Supreme Court nominee Brett Kavanaugh incurred tens of thousands of dollars of credit card debt buying baseball tickets over the past decade and at times reported liabilities that could have exceeded the value of his cash accounts and investment assets, according to a review of Kavanaugh’s financial disclosures and information provided by the White House. White House spokesman Raj Shah told The Washington Post that Kavanaugh built up the debt by buying Washington Nationals season tickets and tickets for playoff games for himself and a “handful” of friends.
U.S. equities slumped into the close Wednesday as another 10% tariff on $200 billion worth of Chinese imports Tuesday night reestablished trade war fears in investors’ minds. The Trump administration’s continued hawkishness overshadowed any lingering
A few surprises are coming to light as some of the nation's biggest tech employers reveal how much they pay a typical worker. Take, for example, chipmaker Intel Corp. With revenue last year of almost $63 billion, the Santa Clara-based company is neck-and-neck with Samsung for the title of the world's biggest semiconductor maker. The case is similar at Palo Alto-based server virtualization company VMware Inc. and personal computer maker Dell Technologies Inc. The median employee at VMware — which is majority owned by Dell — makes $54,000 more per year more than the median employee at Texas-based Dell, another significant employer in Silicon Valley.
The major U.S. equity markets opened lower on Wednesday with most of the pressure coming during the pre-market trading session late Tuesday as investors reacted to the news of new U.S. tariffs on China. One reason for the limited response to the fresh tariff news was that it was just the announcement of a list of new items. Secondly, we don’t know how China will retaliate.
President Trump says he believes in NATO, after extracting new defense spending commitments from US allies. But France is denying any deal was struck. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer and Jacob Parakilas of Chatham House discuss the implications of the President’s visit.
Papa John's founder John Schnatter is no longer board chairman after using a racial slur, but his image is still part of the pizza chain's logo and he remains the company's largest shareholder. The situation illustrates the difficulty when companies are closely tied to a single person, and that Papa John's may need to publicly distance itself further from Schnatter after dealing with backlashes brought about by his comments. Papa John's announced the change in board leadership following Schnatter's apology for using a racial slur during a conference call in May. He had stepped down as CEO last year after blaming disappointing pizza delivery sales on the outcry surrounding football players kneeling during the national anthem.
Broadcom, which has mushroomed in value by buying out rivals in the past decade's surge in mobile phone production, agreed on Wednesday to buy mainframe software company CA for $44.50 per share in cash, months after President Donald Trump blocked its $117 billion mega-merger with Qualcomm Inc. While some analysts said the shift in sectoral focus might prove another masterstroke by Broadcom Chief Executive Officer Hock Tan, many raised concerns about a deal that lowers Broadcom's top line growth to 3 percent from 5 percent.
Not everyone needs a financial advisor. As a financial advisor and certified financial planner, I know I can't help every prospective client who comes through the door. Sadly, the financial advice industry has become so confusing for investors to navigate, that many investors now need a college-level course on the subject just to figure out whether they should even consider working with an advisor.
Donald Trump is not a man tied down by convention. According to Axios, during the negotiations with Boeing CEO Dennis Muilenburg earlier this year—when the two agreed on a deal for the cost of refurbishing the two 747 jets purchased from Boeing in 2017—President Trump specified that he’d like to update the paint job of the aircraft to look “more American.” It’s out with what Trump reportedly called a “Jackie Kennedy color” and in with red, white, and blue. The robin’s egg blue—officially called luminous ultramarine blue—was first used when John F Kennedy and Jackie Kennedy approved the design by industrial designer Raymond Loewy.
Shares of meal-kit service Blue Apron Holding Inc (NYSE: APRN) were on the rise again today even though there was no direct news out on the company. Today was the second day of the last three that Blue Apron posted sizable gains. The stock jumped 11% on Tuesday, which could have been the result of former Goldman Sachs Will Meade's saying that Costco could take over Blue Apron.
Below, three Motley Fool investors explain why they believe Bank of America (NYSE: BAC), Deutsche Bank (NYSE: DB), and Wells Fargo (NYSE: WFC) are the best bank stocks to buy in July. Matt Frankel (Bank of America): Out of the "big four" U.S. banks -- that is, JPMorgan Chase (NYSE: JPM), Bank of America, Citigroup (NYSE: C), and Wells Fargo -- it's tough to make the case that Bank of America doesn't offer the best combination of growth and value.
Shares of L Brands (NYSE: LB), a women's personal care and beauty retailer with brands Victoria's Secret, Pink, and Bath & Body works, among others, are down 10% as of 11:15 a.m. EDT Thursday, after its sales pace slowed in June. L Brands announced that net sales increased 6% to $1.282 billion for the five weeks ended July 7, 2018 over the prior year period. The 6% rise was a slow down from May's 10% increase.
The Founder and Chairman of Papa John’s Pizza resigned after using racist language on a conference call. Yahoo Finance’s Alexis Christoforous, Julia La Roche and Editor-in-Chief Andy Serwer discuss.
Robotic surgery pioneer Intuitive Surgical (NASDAQ: ISRG) has been a big winner, up 38% since the beginning of the year. Two companies that haven't been so fortunate are footwear maker Skechers (NYSE: SKX) and flooring retailer Tile Shop Holdings (NASDAQ: TTS), which have fallen 18% and 13% year to date, respectively. Shares of Skechers stepped off a cliff after the company's earnings report in April, falling more than 26%.
Stagnant deal activity has investors "losing patience with the large cap pharma sector," according to a note from Goldman Sachs analyst Jami Rubin. Small- and mid-cap biotech companies are being valued at all time highs, and companies are staying away from new acquisitions for fear of paying high premiums for them, Rubin wrote. "Pharma management teams are facing investor pressure to put their capital to work, but balancing the risk of overpaying with the risk of doing nothing has led to low levels of deal activity thus far this year in our view," Rubin said.
The stock market’s nemesis recently has been escalating trade war tensions between the U.S. and China. Every time the market has a good day, some wild card emerges in the U.S.-China trade war saga, and that wild card weighs on stocks. Most recently, the wild card was U.S. President Donald Trump threatening to slap a 10% tariff on an additional $200 billion worth of Chinese imports.