CNBC's Seema Mody reports on Macy's naming Hal Lawton, an eBay executive, as its new president.
Nomura Instinet upgraded Intel shares to buy from neutral on Monday. "Every U.S. and foreign-based equipment supplier we've spoken with recently is seeing 10nm volumes become more meaningful," Nomura says. Nomura maintained its Intel price target of $50 a share.
Aurora Cannabis Inc. ( ACB) has confirmed that its shares will begin trading on the New York Stock Exchange (NYSE) Oct. 23. The Edmonton, Canada-based company, referred to in some circles as the Berkshire Hathaway Inc. ( BRK.B) of cannabis because of its successful track record investing in other firms, said its shares will trade under the ticker “ACB,” the same symbol it uses in its separate Toronto Stock Exchange listing. Aurora will become the third licensed Canadian cannabis company to list in the U.S. after Canopy Growth Corp. ( CGC) and Tilray Inc. ( TLRY).
If you’re planning for retirement, you’re probably thinking about how much you’ll need, how long the money will last, and how much you can safely take out each year. You recognize that in retirement there will be a balancing act between spending on current needs while also preserving enough for your later years. Instead, all-too-often, retirees use simplified rules of thumb to determine how much to take out each year.
Taking to Twitter, the billionaire SpaceX founder said his underground tunnel for the project "is almost done" and will be ready on December 10. The tunnel, which is being built by Musk's Boring Company, will contain autonomous electric skates capable of transporting cars and people at speeds of up to 125-150mph. The Boring Company's website says the tunnel runs from SpaceX's parking lot east of Crenshaw Boulevard and south of 120th Street, then turns west under 120th Street, and remains underground along 120th Street for 2 miles.
Both Ford Motor Company (NYSE: F) and General Motors (NYSE: GM) have been investor favorites in the not-too-distant past, and both pay good dividends. Ford has a slew of new products on the way, starting with a brand-new Ranger pickup early next year. Ford and GM have both had a rough year in the stock market.
Democrats hold a nine-point lead going into the midterm elections Nov. 6, but President Donald Trump’s job rating is at an all-time high, according to a new NBC News/Wall Street Journal poll. The Democrats’ nine-point lead is among likely voters, who prefer Democratic Congressional candidates over Republicans by that margin. Trump’s job rating among registered voters between Oct. 14 and 17 was at 47% approve to 49% disapprove, compared to 44% approve and 52% disapprove a month earlier.
Analysts’ Views: Is It Time to Look at Gold Miners? (Continued from Prior Part) Analysts’ ratings for Agnico Eagle Mines Of the 18 analysts covering Agnico Eagle Mines (AEM), 72.0% recommended a “buy,” while the remaining 28.0% recommended a “hold.”
Saudi Crown Prince Mohammed bin Salman called the son of Jamal Khashoggi, the kingdom announced early Monday, to express condolences for the death of the journalist killed at the Saudi Consulate.
This weekend's Barron's cover story shows why emerging markets may be ready to rebound. Other featured articles examine why stocks will rally in 2019 and how to play preferred stock as yields rise. Also: the prospects for Chinese internet giants and
Advanced Micro Devices (NASDAQ: AMD) shares have fallen off a cliff over the past month, as investors are probably concerned about whether it can sustain its rally in the face of a fading tailwind and rising competition. The chipmaker has minted a lot of money thanks to cryptocurrency mining, but that catalyst is fizzling out and rival NVIDIA (NASDAQ: NVDA) has launched a new generation of graphics chips to reclaim its lost market share. AMD blames weak GPU sales to the cryptocurrency market for this slowdown, but recent developments indicate that it could easily surpass the low-balled guidance.
Canadian marijuana producers have entered a new era. After several years of supplying medical marijuana nationwide, they have begun moving into Canada's recreational marijuana market, which opened on Oct. 17. Canopy's share price has soared three times higher than Aurora's has.
Throughout its history, Amazon (NASDAQ: AMZN) has possessed a certain ingenuity in finding new ways to grow. Just when the company seems to be maturing in one sector, it finds a new one to jump into. Since the company's early history, its quarterly revenue growth has cycled between 15% and 50%, depending on where it is in the growth cycles in the above businesses.
Microsoft Corp. is the latest major Silicon Valley tech employer to reveal just how much its typical employee earns — and how that compares with its top executive. The software giant's median employee pay — almost $168,000 — is high, even by Silicon
Warren Buffett has amassed a large portfolio of bank stocks for Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) with major holdings in Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), and American Express (NYSE: AXP), just to name a few of the most well-known and largest investments. Synchrony is a major issuer of store-branded credit cards and also operates a rapidly growing online banking platform.
With a better than 50-year history of paying dividends, Coca-Cola (NYSE: KO) is seen as an icon of stable, strong, secure payouts. Although Coke and its dividend are not in trouble, there are better investments to be found. Three stocks that these Motley Fool contributors particularly like are Dominion Energy (NYSE: D), AbbVie (NYSE: ABBV), and MGM Growth Properties (NYSE: MGP).
If you're looking for cheap stocks, focusing too much on share price is a mistake. Companies like Zynga (NASDAQ: ZNGA), Chesapeake Energy (NYSE: CHK), and Ascena Retail Group (NASDAQ: ASNA) have mounted impressive comebacks over the past year, and the future could hold even further gains if the industry conditions that they face take a turn for the better.
Canada's recreational marijuana market is now open for business. Some are confident enough that certain marijuana stocks will fall that they're putting a lot of money on the line expecting that's exactly what will happen. The marijuana grower's low stock float and wild swings over the last month have received a lot of attention.
The midstream sector is out of favor today, with the Alerian MLP ETF still off roughly 45% from its mid-2014 highs. Midstream companies own the assets that move oil, natural gas, and related products around the country. Investors were pretty excited about this space a few years back, pushing the prices of midstream companies higher and their yields lower.
Maybe Wall Street should be called "Weed Street." Big Canadian marijuana grower Canopy Growth listed its stock on the New York Stock Exchange (NYSE) earlier this year. Aurora Cannabis (NASDAQOTH: ACBFF) begins trading on the NYSE on Tuesday, Oct. 23. Aphria (NASDAQOTH: APHQF) filed last week to list its stock on the NYSE.
Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included leaders in entertainment, tobacco and video games. Bearish calls included a Detroit automaker and big box retailer. Last week began with a mystery
The searing heat triggers sensors that roughnecks extracting natural gas from a BP Plc well are wearing across their chests. The use of data in this scenario described by BP holds big promise for the company, which has cut billions of dollars of costs following oil’s recent existential slump. If applied widely, technology could save even more, with machines able to prevent people and equipment from breaking down, rather than hustling to expensively repair them.
North America needs to build $23 billion of new natural gas-related infrastructure annually through 2035, according to a recent report. Three of the best positioned to capture this growth are Kinder Morgan (NYSE: KMI), Williams Companies (NYSE: WMB), and TransCanada (NYSE: TRP), making them great stocks to buy and hold in the coming decade. Kinder Morgan is already the largest natural gas pipeline company in North America, operating roughly 70,000 miles of pipeline.
The stock market is looking for direction. This past week, markets had big swings up and down before closing the week mostly unchanged, with the tech-heavy Nasdaq dropping fractionally while the S&P 500 closed right at its 200-day moving average, a level that has been of particular focus for markets over the last several trading sessions. “The volatility in equity markets continued this week as a long list of domestic and global concerns overshadowed upbeat US economic data and a positive start to Q3 earnings season,” said Gregory Daco, head of U.S. economics at Oxford Economics.
Suze Orman is one of those singular personalities in the financial business who seems to be right on the pulse of everyone she meets. She’s written books, starred in her own television show and made innumerable appearances in person. Like Oprah