Yahoo Finance's Heidi Chung, Julia La Roche, and Ethan Wolff-Mann discuss iRobot's recent upgrade.
Chipmaking giant Intel late Thursday smashed Wall Street's sales and earnings targets for the fourth quarter and gave an upbeat outlook for 2020. The Intel earnings report sent INTC stock surging in extended trading. Analysts expected Intel earnings of $1.24 a share on sales of $19.2 billion, according to Zacks Investment Research.
“Interest rates were a lot different back then,” he continued. A day earlier, fellow billionaire Paul Tudor Jones, from the sidelines of the World Economic Forum in Davos, said we are currently in the “craziest monetary and fiscal mix in history,” and, at least to him, it's reminiscent of 1999. What happens next in the stock market, he said, depends where interest rates go from here.
The Act retroactively resurrects the deduction to cover qualified college expenses incurred in 2018 and extends the write-off to cover costs incurred in 2019 and 2020. If you qualify for the deduction based on your income, you can claim it whether you itemize or not. Taxpayers with modified adjusted gross income (MAGI) up to $65,000, or up to $130,000 if you're a married joint-filer, can deduct qualified expenses up to $4,000.
Broadcom Inc. (avgo) disclosed Thursday afternoon new deals with Apple Inc. (aapl) worth $15 billion, and shares moved higher in extended trading. In a filing with the Securities and Exchange Commission, the chip maker said that it had signed two multiyear statement of work agreements with the iPhone manufacturer for components that will be included in Apple products beginning this month. The two deals are in addition to an agreement to supply RF chips that Broadcom disclosed last summer.
Americans who fall behind on loan payments, rack up rising debt or take out personal loans to consolidate debt will likely see their credit scores fall under updates planned for the popular FICO scores, according to Fair Isaac Corp., the creator FICO scores. “Most consumers will see less than a 20-point swing in either direction,” David Shellenberger, FICO's vice president, product management, scores, said in a statement on Thursday. About 40 million, he said, will see a sharper shift upward in scores, and 40 million will be hit with a similar-sized drop, Shellenberger said.
Intel Corp. on Thursday reported record revenues of $20.2 billion for the fourth quarter of 2019, largely thanks to the company's growing share in the booming market for data processing and storage, sending shares up more than 6 percent in after-hours trading. The company's data-centric businesses brought in $7.2 billion in revenue, up 19 percent from the same quarter in 2018, which Intel said was driven by “robust demand” from cloud service provider customers and a mix of high-performance 2nd-Generation Intel Xeon Scalable processors. Intel's PC-centric group, by comparison, brought in $10 billion but only grew by 2 percent over the last year, with flat full-year revenue growth between 2018 and 2019.
Britain's Prince Charles appeared to snub U.S. Vice President Mike Pence on Thursday during his arrival to the World Holocaust Forum event. Jan.
The stock analysts at Goldman Sachs have been busy. All of this is bread and butter for TipRanks, a platform that makes financial recommendations accountable, and expensive institutional datasets available, to all investors. Three tech stocks that usually fly under the radar – but Goldman sees them all with more than 15% upside potential in the coming year.
The company's sales in its closely watched data center business jumped 19%, helping it beat fourth-quarter profit and revenue estimates and sending its shares up 7% in extended trading. Chief Financial Officer George Davis said in an interview that sales to cloud computing providers were up 48% year-over-year in the fourth quarter, a trend that also drove the company's forecasts. Davis did not name specific customers, but so-called "hyperscale" cloud providers such as Amazon Web Services and Microsoft Corp in the United States and Alibaba Group Holding and Baidu Inc all purchase Intel chips for data centers whose capacity they rent out to large businesses.
(INTC) stock rose 7% in late trading Thursday after the chip giant posted December-quarter earnings that beat Wall Street estimates. Intel (ticker: INTC) reported adjusted fourth-quarter earnings per share of $1.52, versus the $1.25 Wall Street consensus. The chip maker's 2020 full-year guidance was also above Wall Street's expectations.
For veteran Wall Street types, $12,000 is a rounding error, but for a guy getting his feet wet in the options pits, losing that much will leave a scar. Unfortunately, that's what happened this week to an anonymous trader whom we'll call “Juice,” if the sob story he shared on Reddit is accurate. “I thought I'd give options a try because I was doing pretty well swing trading and it was probably the biggest mistake of my life,” he wrote in a post.
Dear Catey, I currently have about $315,000 in retirement savings and am 38 years old. I have about $30,000 in consumer debt (this is the only debt we carry, no car payment or mortgage) — about $24,000 of which is an unsecured loan that I'm paying about 10% interest on; the rest is on credit cards that are on a 0% promotional period and that I hopefully pay off before the 0% period expires in October 2020. I'm trying to pay down my debt and continue to save aggressively for retirement…I've made minimal improvements over the past couple of years paying down my debt and continue to play the balance transfer game on credit cards to retain 0% interest rates or other low rate options.
Surgical robotics giant Intuitive Surgical reported decelerating sales and earnings growth Thursday, leading ISRG stock to slide in after-hours trading. During the fourth quarter, Intuitive Surgical profit jumped nearly 18% to $3.48 a share. Likewise, the surgical robotics company pulled in $1.28 billion in fourth-quarter sales, growing 22% year over year to beat expectations for $1.2 billion.
Wells Fargo former Chairman and CEO John Stumpf has agreed to pay a fine of $17.5 million and accept a lifetime ban from the banking industry in a settlement the Office of the Comptroller of the Currency announced Thursday. Hope Hardison, Wells Fargo's (NYSE: WFC) former chief administrative officer and director of corporate human resources, agreed to pay a fine of $2.25 million and a personal cease and desist order that requires her to refrain from certain conduct in the future. The bank's former Chief Risk Officer Michael Loughlin will pay a fine of $1.25 million and a personal cease and desist order.
President Donald Trump has taken a few digs at 17-year-old environmental activist Greta Thunberg, and now Treasury Secretary Steven Mnuchin has as well. Speaking at a press conference Thursday with Commerce Sec. Wilbur Ross at the World Economic Forum in Davos, Mnuchin was asked about Thunberg's recommendation to divest from fossil fuels, according to Reuters.
The 30-year fixed-rate mortgage averaged 3.6% during the week ending Jan. 23, down five basis points from the previous week, Freddie Mac (FMCC) reported Thursday. The 15-year fixed-rate mortgage also fell five basis points to 3.04%, according to Freddie Mac. The 5/1 adjustable-rate mortgage, meanwhile, dropped a 11 basis points to an average of 3.28%.
Kramer Capital Research CIO Hillary Cramer joins The Final Round to break down why investors should buy Boeing and GE shares when they fall.
Intel Corp. shares rallied in the extended session Thursday after the chip maker's quarterly results and outlook topped Wall Street estimates with a big beat in data-center sales that pushed revenue over the $20 billion mark for the first time. Intel (INTC) shares surged 7% after hours, following a 0.9% rise in the regular session to close at $63.32.
Fraudsters want your Social Security number and other key personal information in order to file fake tax returns as early as they can in the season to claim inflated tax refunds. Weed at work:New cannabis-based products cause workplace confusion Porsche's revamp : How the SUV boom changed Porsche So, the con artists will be busy long before the April 15 tax deadline. The crooks want to e-file tax returns before you do because they know that the Internal Revenue Service system will reject a tax return when the IRS has already received another return using the same Social Security number.
The classic risk-free investment is Treasury securities, but even they carry some degree of price risk from changes in interest rates, though the risk of default is slim to none. To be clear, dividend-paying stocks do carry risk as they are still subject to the same factors that impact the stock market. Investing for dividend yield is about finding those companies that pay higher dividends as a source of yield.
The new law requires most IRAs inherited by people other than spouses to be drained within 10 years, which can lead to much higher tax bills for heirs. Spouses still have the option of treating an inherited IRA as their own and taking money out over their lifetimes. At the same time, the Secure Act delayed when required minimum distributions have to begin for most retirement account owners, increasing the age for mandatory distributions from 70 1/2 to 72.
It might be time for (MSFT) to go shopping. Piper Sandler analyst Brent Bracelin asserts in a research note Thursday that 2020 could be a defining year for the software giant. He argues that Microsoft (ticker: MSFT) has “a unique opportunity to further elevate its cloud leadership position through share gains and needle-moving M&A.” The company's huge run to a $1 trillion-plus valuation has been driven by the remarkable growth in its Azure cloud business, which is smaller than (AMZN)'s (AMZN) Amazon Web Services but growing faster—and Bracelin thinks the company can press its advantage with a smart deals.
Apparently so, according to consumer advocate and former presidential candidate Ralph Nader, who issued a stark warning this week, not only on the electric-car maker's pricey stock, but on the stock market as a whole. “Deep in debt, selling less than 400,000 vehicles last year and challenged by several competing electric car models in 2020, Tesla's stock valuation stunningly exceeds (VOW3) which sold over 10 million vehicles last year,” Nader added in a follow-up tweet. Read more: Sell Tesla Now, Says UBS.
Nvidia got a boost Thursday from two analysts who see growth in the graphics-chip maker's future. UBS analyst Timothy Arcuri raised his price target on the Santa Clara, Calif., company 25% to $300 from $240. While Nvidia "is continuing to outperform the PHLX Semiconductor Sector Index/S&P 500 by a wide margin over the last three months," the new price target is the next stop for the stock, Arcuri said in a note to investors.
MS) is getting more optimistic over memory chip demand and now says there is more share price upside for (MU) and (WDC) Micron (ticker: MU) is a leader in the DRAM and NAND semiconductor markets. DRAM, or dynamic random-access memory, is used in desktop computers, mobile phones, and servers, while NAND is flash memory used in smartphones and solid-state hard drives. Western Digital (WDC) is another maker of NAND flash memory and manufactures mechanical hard drives.