CNBC's Jim Cramer talks about why AT&T is consolidating its tower business.
French ice dancers Guillaume Cizeron and Gabriella Papadakis took second place in Monday’s short program despite a wardrobe malfunction. During the duo’s performance, Papadakis’ costume appeared to unhook from around her neck, exposing her left breast for part of the routine. The malfunction did seem to impair their final score of 81.93, but not enough to stop them from finishing second behind Scott Moir and Tessa Virtue of Canada, who scored 83.67.
If you watched the short program portion of the ice dancing competition at the 2018 Winter Olympics, there’s a good chance you came away with “Despacito” stuck in your head. Three pairs opened their program during Sunday’s figure skating event in PyeongChang with versions of the smash hit by Luis Fonsi and Daddy Yankee, which became the most streamed song ever over the summer with more than 4.6 billion YouTube views. Korea’s Alexander Gamelin and Yura Min were next to break it down to the popular Latin jam, with Polish skaters Maksym Spodyriev and Natalia Kaliszek — whose 66.06 was the highest score of the three teams — following shortly afterward.
The president’s oldest son is offering just that to investors in a luxury Trump Tower development in India, near Delhi. Read: Steve Bannon Apologizes For Controversial Comments About Donald Trump Jr. Ahead of a trip to India planned this month to launch a number of Trump properties, Trump Jr. ran a full-page advertisement on the front page of several Indian newspapers.
On Feb. 14, a gunman walked into Marjory Stoneman Douglas High in Parkland, Fla. and shot and killed 17 people, including 14 students. The aftermath of the tragic shooting followed similar patterns: politicians sent their thoughts and prayers to the victims and discussed “the difficult issue of mental health“, and the price of shares in gun manufacturers went up. A group of students of Marjory Stoneman Douglas High who survived the shooting have started an organization called “March for Our Lives.” Their mission statement emphasizes the need to make the lives of students and teachers the nation’s “top priority” and calls on students across the country to join their cause.
Go big or go home. That’s the motto of one mysterious investor who put his chips on the table, buying close to $400 million of the No.1 digital currency, bitcoin. The purchase comes as cryptocurrencies are making a comeback after a dreadful start to 2018. Major digital currencies lost as much as 50% to start the year as growing regulation and security fears crippled the market, seeing traders bail on their positions. However, the tide has turned. The price of bitcoin BTCUSD, +1.61% has increased more than 60% since trading under $6,000 on February 6, pushing back above $10,000, helped by signs of growing recognition of digital currencies from officials in Washington. “Not sure who that big buyer
China reportedly came close to getting its hands on the U.S. nuclear codes. Fox News military analyst Gen. Jack Keane (Ret.) weighs in.
Buffett and Munger have been critics of fees charged to investors by fund managers. Warren Buffett’s right-hand man, Charlie Munger, the vice chairman of Berkshire Hathaway (BRK-A, BRK-B), said they had an “easier world” than the young investors of today face. “I don’t think you’re going to get the kind of results we got by just doing what we did,” Munger, 94, said at the Daily Journal’s (DJCO) annual meeting in Los Angeles last week.
One of the biggest fears among workers aged 55 and older is running out of money in retirement. Considering about half of those workers don't have much in the way of retirement savings, they absolutely should be concerned their meager nest eggs won't last. It's hard to live off a retirement account with only a couple years' worth of living expenses.
The main question is whether I would get a better return by selling the duplex and investing the money or by keeping the property and collecting rent. What if the rental is vacant for a period of time?
Barron’s colorless black and white cover shows a broken General Electric logo with this dramatic advice: Value investors, beware. GE faces big risks, and its shares are no bargain. The problem is that Barron’s dire graphics and categorical warning are unsupported by the article, itself. Worse, for investors who heed the warning, it comes just when GE becomes an excellent contrarian buy/hold opportunity. Disclosure: Author recently established a position in General Electric So, what’s wrong with the Barron’s article? Barron’s simply explains why the stock is down 50% from the last time Barron’s wrote about GE: “General Electric Shares Could Return 15%” (June 17, 2017). Everything Barron’s says has
David Tepper of Appaloosa Management expressed confidence in the market at the beginning of this year, telling CNBC that the market looked almost as cheap at the beginning of this year as it did at the beginning of last year, buoyed by corporate tax cuts. That confidence was reflected in the fourth-quarter growth spurt that Appaloosa undertook, as the billionaire investor poured money into the market, hiking the value of his hedge fund’s 13F portfolio by 50% to $10.7 billion according to the 13F that Appaloosa filed with the SEC last week. Among the major stocks that Tepper poured money into during the previous quarter were Facebook Inc (NASDAQ:FB), Apple Inc. (NASDAQ:AAPL), T-Mobile US Inc (NYSE:TMUS),
Feb.18 -- Chances for a broad immigration deal emerging from Congress this year are all but dead after the Senate within a span of a few hours on Thursday rejected both a White House-backed proposal and a bipartisan compromise to address the fate of 1.8 million young immigrants. Bloomberg View's Jonathan Bernstein weighs in on "Bloomberg Daybreak: Australia." His opinions are his own.
For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role seems to be shifting. Thanks to OPEC-led production cuts, crude prices are double their level two years ago and bloated oil stockpiles are almost back to normal. Yet Saudi Energy Minister Khalid Al-Falih wants to go further. Producers should keep cutting for the whole year, even if it causes a small supply shortage, Al-Falih said. “If we have to overbalance the market a little bit, then so be it,” he told reporters in Riyadh last week. Source: IEA Saudi Arabia faces unprecedented pressures as Crown Prince Mohammed Bin Salman embarks
By Steve Keating GANGNEUNG, South Korea (Reuters) - Canada thumped the Olympic Athletes from Russia 5-0 on Monday to book their spot in the Olympic women's ice hockey final and renew one of the Winter Games's greatest rivalries. Canada have played for gold at every Winter Games since women's hockey became part of the Olympic program in 1998 and for the fifth time in six Winter Games will face off against the United States. "We have something special here and we're ready our coaching staff has prepared us as best they can and we just need to go out and just play," Canada forward Meghan Agosta told reporters.
Bitcoin was amongst the top performers on Saturday, gaining 9.17% to end the day at $11,139.03, just shy of an intraday high $11,159.81. This week, in spite of continued uncertainty, investors have returned to the market, though this morning’s reversal has seen the total cryptomarket cap fall to $493.47bn, with Bitcoin’s market cap down to $181.24bn. One area of focus later today will be Litecoin’s hard fork that is expected to result in the distribution of Litecoin Cash coins to Litecoin holders.
Shares of Alaska Air Group, Inc. ALK have declined more than 2% ever since it released its traffic results for January 2018, last week. In the first month of 2018, the company’s consolidated traffic (measured in revenue passenger miles or RPMS) increased
AbbVie Inc. (NYSE: ABBV) and Gilead Sciences (NASDAQ: GILD) are two of the world's biggest biotech stocks. By that measure, AbbVie is undeniably the better of the two stocks. Because of increased competition from AbbVie and other hepatitis C drugmakers, Gilead Sciences' sales and earnings have been declining since 2016.
As an investor, you should be getting excited about the recent bump in oil prices. This is the best oil price environment we've seen in a long, slow, and painful three years. If you're not an oil investor yet, though, the early February market correction has beaten down the prices of some promising companies.
Donald Trump has insulted Oprah Winfrey and challenged the TV star to challenge him in the 2020 presidential election. The president tweeted about Winfrey late Sunday night after watching her host a “60 Minutes” panel discussion in which she addressed the problems with the national discourse. “One year into Donald Trump’s presidency, Americans remain divided, often unwilling to listen to what the other side has to say,” she said as she introduced partisan panelists from Grand Rapids, Michigan.
Chesapeake Energy Corporation CHK is slated to report fourth-quarter 2017 results on Feb 22, before the opening bell.In the trailing three months, the company reported a positive earnings surprise of 20.00%. Chesapeake beat the Zacks Consensus Estimate
After remaining revved up in the third quarter, Energy Transfer Partners' (NYSE: ETP) growth engine should have stayed in high gear during the fourth quarter. The expansion projects the company completed earlier in the year should have kept the momentum going and driven earnings and cash flow higher. Energy Transfer Partners' rough patch finally came to an end in the second quarter.
Thanks to the company's news of its inking a blockbuster deal with Amazon.com last April, Plug Power (NASDAQ: PLUG) managed to stoke investors' optimism that fiscal 2017 would be a rousing success. In its press release regarding the deal, management contended that the supply agreement would contribute about $70 million to its top line in fiscal 2017 and $600 million overall. There was also the news that the company was expanding its relationship with Walmart Inc., which would have Plug Power deploying its hydrogen-based power solutions to up to 30 Walmart sites in North America over the next three years.
Alibaba Group Holding Ltd. (NYSE: BABA) co-founder and executive chairman Jack Ma first introduced the term "New Retail" in a letter to shareholders in late 2016. Ma came up with the word combo to describe his ambitious plans to use data and technology to help save brick-and-mortar stores, by combining the best of offline and online shopping. The physical store locations transformed by Alibaba through New Retail initiatives now allow customers to scan items for more information, pay using facial recognition, and order items sent directly to their homes.
U.S. stock futures were trading lower on Monday, reversing Friday’s mostly upbeat action, though analysts warned against reading too much into the moves, given traders are off for Presidents Day. American stock markets and the bond market are closed for the holiday, and there are no economic releases expected, as federal agencies are shuttered. Check out: Which markets are closed on Presidents Day? What are the main benchmarks doing? Dow Jones Industrial Average futures YMH8, -0.52% shed 133 points, or 0.5%, to 25,103, while S&P 500 futures ESH8, -0.46% gave up 12.50 points, or 0.5%, to 2,722.50. Nasdaq-100 futures NQH8, -0.29% fell by 19.75 points, or 0.3%, to 6,767. Last week, the Dow DJIA,
Qualcomm and its advisors have been working to reassert control over the company's deal to acquire NXP Semiconductors this weekend, by trying to figure out what price will be enough to garner the 80 percent of shares needed to close the deal, sources tell CNBC. On Friday, Qualcomm's advisors at Goldman Sachs began contacting large holders of NXP to ascertain at what price those holders would be willing to sign voting agreements stipulating their support for a deal, according to people familiar with the conversations. While no specific price was offered, Qualcomm's advisors were said to have broached "the low $120's" as a possibility for a deal. This is Qualcomm's first effort in months to see what price large holders of NXP Semi would be willing to accept in order for Qualcomm to close the all cash deal, which is worth more than $40 billion.