U.S. Markets open in 4 hrs 14 mins

Senior North Korean official heads to New York City to plan for Trump-Kim summit

President Trump confirmed Tuesday that a top North Korean official is headed to New York for talks on an upcoming summit between Trump and North Korean leader Kim Jong Un, as diplomatic efforts also accelerated in Asia.

  • Hedge Fund Billionaire Griffin Buys $122 Million London Home
    Business
    Bloomberg

    Hedge Fund Billionaire Griffin Buys $122 Million London Home

    Citadel LLC founder Griffin bought 3 Carlton Gardens, a 200-year-old home that overlooks St. James's Park about half a mile from the Queen's residence. The Georgian-era home built in the 1820s was redeveloped by property developer Mike Spink in a venture with Evans Randall Investors. Griffin, who has an $8.8 billion fortune, is the richest person from Illinois to feature on the Bloomberg Billionaires Index, a ranking of the world's 500 wealthiest people.

  • Third former Tesco director cleared of fraud over 2014 scandal
    Business
    Reuters

    Third former Tesco director cleared of fraud over 2014 scandal

    The last of three former senior directors of Tesco accused of fraud at Britain's biggest retailer in 2014 has been formally acquitted, leaving the Serious Fraud Office without a conviction for the accounting scandal. Carl Rogberg, 52, a former Tesco UK finance director, was tried last year along with former UK managing director Christopher Bush, 53, and former UK food commercial director John Scouler, 50. The trial was abandoned in February after Rogberg suffered a heart attack.

  • How Many Insiders Bought F.N.B. Corporation (NYSE:FNB) Shares?
    Business
    Simply Wall St.

    How Many Insiders Bought F.N.B. Corporation (NYSE:FNB) Shares?

    F.N.B Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Chairman Vincent Delie bought US$73k worth of shares at a price of US$11.21 per share. So it's clear an insider wanted to buy, at around the current price. Of course they may have changed their mind.

  • Business
    CNBC

    Trump blasted OPEC this past year. Hess CEO says the oil producer group deserves praise

    Hess CEO John Hess says OPEC plays an important role in the oil market and deserves recognition. President Donald Trump has repeatedly blasted OPEC over the last year, accusing the 14-nation group of keeping oil prices artificially high. Hess said the Trump administration's Iran policy and messaging played a role in the volatility that gripped the oil market at the end of last year.

  • Implied Volatility Surging for PolarityTE (PTE) Stock Options
    Business
    Zacks

    Implied Volatility Surging for PolarityTE (PTE) Stock Options

    Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

  • Business
    Thomson Reuters StreetEvents

    Edited Transcript of HOPE earnings conference call or presentation 23-Jan-19 5:30pm GMT

    This was partially offset by an 8 basis point increase in our average loan yield, excluding purchase accounting adjustment, which reflects the impact of repricing in the loan portfolio and the higher rates on our new loan originations that we are seeing. Looking forward and based on more interest rate hikes in 2019, we are expecting 2 more quarters of modest net interest margin compression before returning to margin expansion by the second half of 2019. This expectation is based on the positive effect of a number of assumptions, including among others, the retention of the higher-rate SBA loans in our portfolio, new loan productions coming into the portfolio at higher rate than the average r...

  • STMicro shares jump on prospects for second half of 2019
    Business
    Reuters

    STMicro shares jump on prospects for second half of 2019

    STMicro was the top performer on France's benchmark stock index CAC 40 as of 0930 GMT, climbing by more than 8 percent and valuing the group at 11.4 billion euros (9.91 billion pounds). Investors also welcomed STMicro's fourth-quarter profitability, which came slightly above expectations despite a slowdown in net revenues. STMicro said it expected first-quarter sales to fall by about 21 percent from the last quarter of 2018, adding to a note of gloom led by Taiwan Semiconductor Manufacturing Co (TSMC), which also cut quarterly sales guidance.

  • Business
    Reuters

    Vodafone, oil stocks drag FTSE lower for third session

    Britain's FTSE 100 was lower in early trade on Thursday, underperforming its European peers, as weaker crude prices dragged oil majors lower and telecom Vodafone and pest control company Rentokil were hurt by weak sector earnings. On track for its third straight session of losses, the FTSE 100 (.FTSE) was 0.3 percent lower while the FTSE 250 (.FTMC) was up 0.1 percent at 0908 GMT. At the bottom of the main index, telecom operator Vodafone (VOD.L) lost 3.5 percent at its lowest since November after its South African unit reported a slowdown in service revenue growth.

  • Aphria to Shareholders: Take No Action in Response to Hostile Bid
    Business
    Investopedia

    Aphria to Shareholders: Take No Action in Response to Hostile Bid

    Canadian marijuana producer Aphria Inc. (APHA) has urged its shareholders to “take no action” after cannabis retailer Green Growth Brands Inc. (GGB) tabled another hostile bid for the company. In a press release, Aphria complained that the terms of Green Growth's latest all-stock takeover offer were “identical” to the unsolicited proposal it made on Dec. 27. Aphria said an independent committee of its board will now evaluate Green Growth's latest offer before making any formal recommendation and asked shareholders to sit tight while it makes its decision.

  • Metro Bank shares crash as risky mortgage bets raise cash call fears
    Business
    Reuters Videos

    Metro Bank shares crash as risky mortgage bets raise cash call fears

    Metro Bank shares lost a third of their value on Wednesday after the British lender announced a sharp rise in exposure to higher-risk mortgages and said profits would be hit by slowing growth. Pascale Davies reports.

  • Top Ranked Momentum Stocks to Buy for January 23rd
    Business
    Zacks

    Top Ranked Momentum Stocks to Buy for January 23rd

    Price and Consensus BioTelemetry, Inc. price-consensus-chart | BioTelemetry, Inc. Quote BioTelemetry's shares gained 5.2% over the last one month more than S&P 500's gain of 12.7%.

  • Penny Stocks to Buy Using Technical Analysis for January 2019
    Business
    Investopedia

    Penny Stocks to Buy Using Technical Analysis for January 2019

    Penny Stock Picks to Buy Using Technical Analysis for January Cocrystal Pharma, Inc. COCP) One of the hardest aspects of developing financial content is the window between performing the analysis and when the content gets published. Material events or even significant share price moves can often come into play in a meaningful way.

  • Tyler's SCGC Solution Sees Uptake, Adds Chattanooga as Client
    Business
    Zacks

    Tyler's SCGC Solution Sees Uptake, Adds Chattanooga as Client

    Kevin Merritt, president, Data & Insights Division of Tyler Technologies, stated that the solution “will support Chattanooga's work of building a more resilient, innovative and connected community through data-driven governance. Notably, the solution has been resonating well with the market since it was launched last year. Recently, the Metropolitan Transportation Commission in San Francisco, CA, also inked a deal with Tyler for applying this solution.

  • Can NVIDIA Recover in 2019?
    Business
    Motley Fool

    Can NVIDIA Recover in 2019?

    NVIDIA's forward P/E is also 20, meaning the market doesn't believe the company will grow its earnings at all in the coming year. Has the hate gone too far, and is the current swoon a buying opportunity? A bad crypto hangover NVIDIA's stock is suffering from many of the same headwinds plaguing all semiconductor companies, including a severe slowdown in the Chinese economy and cloud spending due to the U.S.-China trade war.

  • Business
    TheStreet.com

    An IBM Play and 2 Catalysts To Watch in Wednesday's Trading: Market Recon

    There were two catalysts that forced broad algorithmic response on Tuesday afternoon. First, the Financial Times ran a story that the Trump administration had cancelled talks to be held at the vice-ministerial level between the U.S. and China this week due to a lack of progress on such key issues as "forced technology transfers." On that news, equities traded to their lows.

  • European stocks open mixed amid US shutdown, global slowd...
    Business
    CNBC Videos

    European stocks open mixed amid US shutdown, global slowd...

    European stock markets opened mixed on Thursday as uncertainty continued to dominate investor sentiment.

  • Does Altria's Valuation Look Attractive after Recent Correction?
    Business
    Market Realist

    Does Altria's Valuation Look Attractive after Recent Correction?

    Does Altria's Valuation Look Attractive after Recent Correction? Stock performance On January 22, Morgan Stanley downgraded Altria Group MO from “equal weight” to “underweight.

  • Need To Know: CVS Group plc (LON:CVSG) Insiders Have Been Selling Shares
    Business
    Simply Wall St.

    Need To Know: CVS Group plc (LON:CVSG) Insiders Have Been Selling Shares

    So before you buy or sell CVS Group plc LON:CVSG), you may well want to know whether insiders have been buying or selling. Do Insider Transactions Matter? Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock on the market.

  • 5 Best Stocks to Buy and Hold for the Long Term
    Business
    InvestorPlace

    5 Best Stocks to Buy and Hold for the Long Term

    One of the core philosophies of Berkshire Hathaway's (NYSE:BRK.A, NYSE:BRK.B) Warren Buffett is the importance of taking a buy-and-hold approach to investing. About long-term stocks, he once famously said: “I never attempt to make money on the stock market. Buffett is worth a staggering $81 billion.

  • News
    Student Loan Hero

    5 Ways to Be More Mindful With Your Money in the New Year

    Instead of making intentional decisions based on their financial priorities, their money management was impulsive and reactive. Here are some ways you can be more proactive with your money management in the new year. 1. Paycheck-to-paycheck living is the definition of reactive money management.

  • Trump Accused of 'Inappropriately Using' Shutdown to Favor Pet Projects
    Business
    Fortune

    Trump Accused of 'Inappropriately Using' Shutdown to Favor Pet Projects

    The Trump administration has recalled thousands of furloughed federal workers to process tax returns and continue work on offshore drilling permits. But programs that are out of favor with the White House — such as the Energy Star consumer ratings system — aren't getting the same treatment. Across the government, initiatives that don't align with President Donald Trump's agenda are flickering off faster than favored ones during the partial government shutdown, leading critics to charge that he has weaponized the country's longest funding lapse.

  • With A Return On Equity Of 18%, Has Yum China Holdings, Inc.'s (NYSE:YUMC) Management Done Well?
    Business
    Simply Wall St.

    With A Return On Equity Of 18%, Has Yum China Holdings, Inc.'s (NYSE:YUMC) Management Done Well?

    Return on Equity measures a company's profitability against the profit it has kept for the business (plus any capital injections). The 'return' is the profit over the last twelve months. The higher the ROE, the more profit the company is making.

  • Near-Term Outlook for Retail REIT Stocks Looks Bleak
    Business
    Zacks

    Near-Term Outlook for Retail REIT Stocks Looks Bleak

    Retail real estate investment trusts (REITs) are engaged in owning, developing, managing and renting space in a variety of retail real estates. In addition, net lease REITs enjoy ownership of freestanding properties, wherein both rent and majority of operating expenses for the property are borne by the tenant. The performance of the retail REIT industry depends on the economy's strength as well as the job-market scenario, as these determine consumers' spending capacity for buying retail goods and services.

  • Business
    MarketWatch

    Lam Research earnings beat expectations after CEO departure

    Lam Research Corp. (lrcx) shares gained in late trading Wednesday after the chip-equipment company reported better-than-expected quarterly earnings amid a change at the top. It was the first earnings report since Lam Chief Executive Martin Anstice resigned amid allegations of misconduct. New CEO Tim Archer noted fears of a softening chip market but projected confidence in Wednesday's announcement.

  • Why I'm Not Worried About a Western Digital Dividend Cut
    Business
    Motley Fool

    Why I'm Not Worried About a Western Digital Dividend Cut

    Things would have to get really bad Over the last 12 months, Western Digital generated about $9.10 per share in free cash flow. Given the current NAND flash pricing environment, that number is undoubtedly set to come under near-term pressure. However, considering that the company's current dividend per share on an annualized basis is $2, the company's free cash flow would need to drop by an eye-popping 78% from where they were over the last 12 months for the company to potentially be forced to cut its dividend.