Various U.S. agencies continue to look into the role Russia played in last year's presidential election.
Various U.S. agencies continue to look into the role Russia played in last year's presidential election.
Silicon Valley's housing crisis is serious. A new report from Open Listings reveals that workers at five major tech companies, including Apple, Facebook, and Google, would have to spend over 28% of their salary to pay a monthly mortgage on a home near work. Software engineers at Apple have it worst.
After 19 days of competition at the 2018 Winter Olympics in PyeongChang, South Korea, Norway came out on top of the final medal count. Norway’s dominance was apparent from the beginning of the Olympic Games, with 14 gold medal wins in sports like cross
The updated accounting standard, which will take into account revenue from long-term contracts, will result in a 13 cent cut in reported earnings per share for 2016 and a cut of 16 cents per share for 2017, according to the company's 10-K filing. GE is adopting the new accounting standards as the Securities and Exchange Commission investigates the company over its accounting for long-term service contracts. The changes also come as the company struggles to reverse steep declines in some of its businesses and is looking to sell off $20 billion of assets.
What we as investors witnessed from cryptocurrencies last year is something that may not be duplicated again. A single asset class gained more than 3,300% in market cap (almost $600 billion) over a span of just 12 months. After beginning January on a high note, cryptocurrencies fell off a cliff, losing 67% of their market cap, from peak to trough, between Jan. 7 and Feb. 6.
Boeing Co (BA.N) will have a 51 percent stake in a joint company currently being negotiated with Brazilian aircraft maker Embraer (EMBR3.SA), O Globo newspaper columnist Lauro Jardim reported on Sunday. Boeing has agreed to a Brazilian government demand that the U.S. company have no more than a 51 percent controlling share, Jardim said, without citing sources. Embraer said it would not comment on the matter.
Vehicle sales may be plateauing in the U.S. market, but Ford Motor Co. (NYSE: F) and General Motors (NYSE: GM) both have a secret weapon to help them through whatever comes next: their financial arms. Ford Credit and General Motors Financial (GMF) have grown in importance for Detroit's two largest automakers, but investors often overlook them. Let's review the role these financial divisions play in their companies, consider what could go wrong for them, and dig into a recent study that will help us gauge where they might be headed.
A promising start to Saturday’s session ended in yet another tumble for Bitcoin Cash, which has had a dire start to the year. Last weekend, the Bitcoin Cash rally kicked in late Saturday and came to an end in just a few hours, with Bitcoin Cash hitting a weekend high $1,630, an intraday gain of 7.77%, before tumbling to $1,392.3 just a few hours later. This Saturday’s moves were certainly shallower, Bitcoin Cash moving to a Saturday high $1,298.9, an intraday gain of 3.75%, before falling to a low $1,129.4.
Warren Buffett on Saturday lamented his inability to find big companies to buy, and said his goal is to make "one or more huge acquisitions" of non-insurance businesses to bolster results at his conglomerate Berkshire Hathaway Inc. In his annual letter to Berkshire shareholders, Buffett admitted that finding things to buy at a "sensible purchase price" has become a challenge, and is a major reason Berkshire is awash with $116 billion of low-yielding cash and government bonds. Buffett said a "purchasing frenzy" binge by deal-hungry chief executives employing cheap debt has made that task difficult. Berkshire typically pays all cash for acquisitions.
The IRS told the I-Team that people are being targeted by scams from all directions. Not only are there fake IRS calls, but there are new tax scams gaining popularity, including one where your entire tax return can vanish.
One of President Donald Trump's family businesses is battling an effort to physically evict its team of executives from a luxury hotel in Panama where they manage operations, and police have been called to keep the peace, The Associated Press has learned. Witnesses told the AP they saw Trump's executives carrying files to a room for shredding. Representatives of the hotel owners' association formally sought to fire Trump's management team Thursday by hand-delivering termination notices to them at the Trump International Hotel and Tower, according to a Panamanian legal complaint filed by Orestes Fintiklis, who controls 202 of the property's 369 hotel units.
When most people think of retirement planning, they think about how much money they need to save. Social Security benefits play a major role in deciding your retirement age, though it's important to remember that claiming benefits and actually retiring don't always go hand in hand. The earliest you can claim Social Security benefits is age 62, but you'll receive a cut in benefits for every month you claim before your full retirement age (FRA), which is between 65 and 67, depending on the year you were born.
The flu is on its way out. While still at epidemic levels, the historically bad 2017-2018 season has finally started to subside. Deaths caused by pneumonia and influenza fell to 9.5 percent of all fatalities across the country during the week ended Feb. 3, according to the Centers for Disease Control and Prevention’s most recent data.
BARCELONA/HELSINKI (Reuters) - Telecom operators are accelerating their timelines for the roll-out of next-generation 5G networks, lifting Nokia's confidence of an uplift for its business this year, Chief Executive Rajeev Suri said on Sunday. The telecom network industry, dominated by China's Huawei, Finland's Nokia and Sweden's Ericsson, is weathering the toughest part of a decade-long cycle as demand for 4G gear falls. "The confidence about where that 5G uplift comes from is understanding the accelerated timelines operators now have," Suri told Reuters in an interview ahead of the Mobile World Congress taking place in Barcelona this week.
An American man is in custody in Japan after authorities found a severed head in a suitcase left in a lodging facility. Japanese investigators said the 26-year-old American was seen on security footage with a 27-year-old woman who went missing, The Japan Times reported. Police were investigating the woman’s disappearance when they came upon what appears to be her missing head, still inside a suitcase in an Osaka lodging facility, they said.
Saving for retirement is important, and someone making the most of the savings they're able to set aside will make a huge difference in how comfortable their retirement is. The federal government offers many tax-favored retirement savings vehicles, and one of the most popular is the IRA. One question millions of people face every year is whether to use a traditional or Roth IRA.
Recently filed federal charges against President Donald Trump's ex-campaign chairman Paul Manafort could also pose legal and regulatory risks for the banks that loaned him millions of dollars against his New York real estate in recent years. The most serious exposure may be for a Rhode Island-based bank that employed a "conspirator" in Manafort's scheme to obtain a loan he couldn't afford, according to the 32-count new indictment unsealed this week. Dubbed "Lender B" in court papers, Citizens Bank not only lent Manafort $3.4 million based off of fraudulent documents but, in another case, appeared to help Manafort avoid being caught by sending back a crudely falsified financial statement that had been sent to them from a Manafort associate, according to federal prosecutors.
In the wake of the mass shooting in a Florida high school last week, companies are dropping their partnerships with the National Rifle Association (NRA), which touts 5 million members. According to a list compiled by ThinkProgress, an advocacy organization, there are at least 22 corporations, including car-rental companies and financial institutions that have been offering discounts to NRA members. –First National Bank of Omaha: The largest privately held bank announced it will stop issuing the NRA Visa Card due to “customer feedback” on Thursday.
Valero Energy is one of the top dividend stocks I think are worth considering today. A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. If you’re a long term investor, these high-performing top dividend stocks can boost your monthly portfolio income.
OK, those of us in our 60s know this already, but I'm going to say it anyway: We are not old. The Pew Research Center conducted a study of aging and found that the definition of old age depends on who you ask. Well, I admit that how we feel about aging might not matter much in investing, but what does matter is longevity.
Dividend stocks can help investors benefit from the power of compounding. By reinvesting dividend payments to purchase additional shares of stock, you'll see the amount of income you receive grow over time, building on itself and creating a positive-feedback loop that can eventually produce huge amounts of income. In particular, Aqua America (NYSE: WTR), Franco-Nevada (NYSE: FNV), and Student Transportation (NASDAQ: STB) are three stocks that you can buy more cheaply through dividend reinvestment than you'll get on the open market.
The White House is considering the idea of using restraining orders to take firearms away from people considered dangerous as part of its response to last week’s massacre at a Florida high school, two people familiar with the matter said. Under extreme risk protection orders, which are also known as red flag laws or gun violence restraining orders, firearms can be confiscated from people found to be at risk. The White House is studying an Indiana version of the law, and is considering other measures as well, according to the people, who requested anonymity to discuss policy deliberations.
Democrats on the the House Intelligence Committee on Saturday released a memo prepared as a counter to the one overseen by the committee’s chairman Devin Nunes that was publicized earlier this month. Overseen by Rep. Adam Schiff, the ranking Democrat on the committee, the memo from the Democrats attempts to contextualize the Nunes memo, which argued that the FBI displayed bias in obtaining a FISA warrant for former Trump campaign adviser Carter Page. That memo alleges that the FBI failed to disclose Christopher Steele, who compiled the notorious Steele dossier, was working for Fusion GPS or the firm’s founder Glenn Simpson, and that Deputy FBI Director Andrew McCabe — who is stepping down —said the FBI would not have sought a warrant without the dossier.
Warren Buffett, the revered billionaire investor and Chairman and CEO of $500 billion holding company Berkshire Hathaway, just released his annual shareholder letter in which he discussed a number of intriguing topics. Perhaps the most noteworthy one was the revelation that Republican tax cuts contributed $29 billion to Berkshire Hathaway Inc. (NYSE:BRK.A)‘s bottom-line last year. That clearly proved irksome to Buffett, who supported Hillary Clinton during the 2016 Presidential Elections and was not fond of the idea of tax cuts for the wealthy. As Buffett made clear in the letter, the windfall “did not come from anything we accomplished at Berkshire.” The letter also revealed that Berkshire earned
In his annual letter to Berkshire Hathaway (BRK-A, BRK-B) shareholders, legendary investor Warren Buffett muses on the M&A environment, his aversion to leverage, opportunities to buy during downturns, and his disregard for fees charged by active managers.