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Stocks up big in Thursday trading

Big gains on all the major indices on Thursday. Yahoo Finance's Seana Smith, Dan Roberts and Dion Rabouin discuss.

  • The only reasons to stay with the iPhone right now have nothing to do with the iPhone
    Technology
    Quartz

    The only reasons to stay with the iPhone right now have nothing to do with the iPhone

    My iPhone X is fine. I picked up the $1,000 rectangle of glass and aluminum on launch day. I’ve been on Apple’s upgrade program since it launched in 2015, which means I pay a monthly fee, currently $56, and get each new iPhone as it’s released every

  • Trump's revenge: U.S. oil floods Europe, hurting OPEC and Russia
    Business
    Reuters

    Trump's revenge: U.S. oil floods Europe, hurting OPEC and Russia

    MOSCOW/LONDON (Reuters) - As OPEC's efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal they say has largely rebalanced the market and one that has helped elevate benchmark Brent prices close to four-year highs. Now, the relatively high prices brought about by that pact, coupled with surging U.S. output, are making it harder to sell Russian, Nigerian and other oil grades in Europe, traders said.

  • Royal Baby Number 3 Is Here and the Internet Is Already Smitten
    News
    Time

    Royal Baby Number 3 Is Here and the Internet Is Already Smitten

    After arriving at St. Mary’s Hospital on Monday, Catherine, Duchess of Cambridge, gave birth to her third child with Prince William just hours later. Since then, the internet has wasted no time gearing up to meet the new royal member of Kate Middleton

  • GE's Q1 Performance Proves the Doubters Wrong
    Business
    Motley Fool

    GE's Q1 Performance Proves the Doubters Wrong

    Shares of industrial giant General Electric (NYSE: GE) have plunged over the past year due to deteriorating performance in the company's power business -- historically its largest segment by revenue -- and investor fears about hidden liabilities in the GE Capital financing business. Last Friday, General Electric silenced many of its critics with solid first-quarter results. While the company still faces earnings pressure from the power and GE Capital segments, the valuable aviation and healthcare segments are performing very well.

  • Manhunt Continues After 29-Year-Old Shooter Kills 4 at Nashville Waffle House
    News
    Time

    Manhunt Continues After 29-Year-Old Shooter Kills 4 at Nashville Waffle House

    The manhunt for Waffle House shooting suspect Travis Reinking continued Monday morning as law enforcement agents are searching for the 29-year-old alleged shooter, who is still on the run and may be armed and dangerous. Metropolitan Nashville Chief Police Steve Anderson said at a news conference that Reinking is most likely on foot and is probably still close to the area, unless he was picked up by a car. Reinking has had numerous brushes with the law that may demonstrate his mental state.

  • Finance
    InvestorPlace

    Kinder Morgan Inc Finally Gives Investors What They Want

    Pipelines were supposed to be safe tollways that produced plenty of cash flows. Kinder Morgan stock has pretty much languished since that fateful day. Moves to right the ship at Kinder Morgan have begun to work and KMI has finally given long-suffering shareholders what they wanted all the time — a big return to dividend growth.

  • Korean Air heiresses to resign as smuggle probe widens
    News
    Associated Press

    Korean Air heiresses to resign as smuggle probe widens

    Korean Air Lines said Monday that two daughters of its chairman will resign from their executive positions amid mounting public criticism over the women's behavior and allegations that the family engaged in smuggling. An official at the Korea Customs Service, meanwhile, confirmed that authorities raided the airline's headquarters in Seoul seeking evidence on alleged smuggling and tariff evasion. Chairman Cho Yang-ho announced the resignation of his daughter Hyun-ah, who returned to leadership last month after a four-year hiatus following a "nut rage" scandal, and her younger sister Hyun-min, who is under investigation for allegedly hurling a cup of water at a business meeting.

  • Reddit co-founder: My wife Serena Williams and I want our...
    News
    CNBC Videos

    Reddit co-founder: My wife Serena Williams and I want our...

    Reddit co-founder Alexis Ohanian joins a growing list of tech luminaries who believe that limiting screen time fosters better psychological and social development.

  • US brands suffer collateral damage in Chinese corporate war
    Business
    Associated Press

    US brands suffer collateral damage in Chinese corporate war

    It was looking like a banner year for business in China. The U.S. clothing company was expecting a 20 percent jump in online sales on Alibaba's Tmall, thanks to the e-commerce giant's massive reach. The company refused to sign an exclusive contract with Alibaba, and instead participated in a big sale promotion with its archrival, JD.com Inc. Tmall punished them by taking steps to cut traffic to their storefront, two executives told The Associated Press.

  • Bitcoin Cash has risen 80% over the last week
    Business
    Business Insider

    Bitcoin Cash has risen 80% over the last week

    Bitcoin Cash is up 17% against the dollar on Monday. The cryptocurrency has risen 80% over the last seven days. An upcoming 'fork' of the currency — a change to its underlying code — appears to be supporting the price rally. Follow the live Bitcoin Cash

  • The Total Witch Hunt Around AT&T’s Power Grab
    Business
    Bloomberg

    The Total Witch Hunt Around AT&T’s Power Grab

    Just as lawyers for AT&T Inc. wrap up what most have considered to be a strong defense of the Time Warner Inc. megamerger, information has trickled out that may test the company’s credibility.  AT&T, the No. 2 wireless carrier in the U.S., and its larger rival Verizon Communications Inc. are reportedly under investigation by U.S. antitrust officials over whether the companies colluded to make it harder for customers to switch carriers. The probe has to do with new electronic SIM, or eSIM, technology that allows consumers to make the switch by changing settings on their phone or tablet, rather than having to physically swap out a SIM card chip or go through their carrier. The Justice Department

  • 5 Home-Buying Mistakes I Never Knew Before Becoming a Realtor
    News
    GoBankingRates

    5 Home-Buying Mistakes I Never Knew Before Becoming a Realtor

    Today, I don’t work in real estate, but I was an agent for many years during my 20s and early 30s. Click to read more about common real estate myths you should know. Here are five home-buying mistakes that I never knew before becoming a real estate professional.

  • IBM Plunges: 5 Reasons to Buy, 5 Reasons to Sell
    Business
    Motley Fool

    IBM Plunges: 5 Reasons to Buy, 5 Reasons to Sell

    Shares of IBM (NYSE: IBM) plunged nearly 8% on April 18, after the tech giant reported its first-quarter earnings. Big Blue's numbers initially looked solid, topping analyst estimates on both the top and bottom lines. But upon digging deeper into the 

  • 3 Facts About Your Social Security Benefits You Didn't Know
    Business
    Motley Fool

    3 Facts About Your Social Security Benefits You Didn't Know

    Social Security is likely to provide more than half of your income as a senior, but chances are good you don't really understand how the program works. Social Security's rules are undoubtedly confusing, especially as you try to figure out when you actually become eligible for benefits. More than 90% of older adults don't know how to maximize their Social Security benefits, according to a survey conducted by Nationwide.

  • Jeff Sessions, Rod Rosenstein are scrambling to save their jobs: Napolitano
    Politics
    Fox Business Videos

    Jeff Sessions, Rod Rosenstein are scrambling to save their jobs: Napolitano

    Fox News Senior Judicial Analyst Judge Andrew Napolitano on Rep. Devin Nunes' comments that there was "no intelligence" to justify the Trump campaign collusion investigation.

  • The Trump stock market looks a lot like Reagan's, and that may not be a good thing
    Business
    CNBC.com

    The Trump stock market looks a lot like Reagan's, and that may not be a good thing

    Reagan's stock market gives clues for the Dow's next move: Acampora    2:27 PM ET Fri, 20 April 2018 | 01:53 Donald Trump, like Ronald Reagan before him, is an outside-the-beltway president. That recently prompted longtime market watcher Ralph Acampora to investigate whether the two had anything else in common. What he found could be a warning to the stock market. "Ronald Reagan had a six-month honeymoon," Acampora, director of technical research at Altaira Capital Partners, told CNBC's "Futures Now" last week. "The percentage gain was roughly about 10 percent." When Reagan was sworn into office on Jan. 20, 1981, the Dow Jones Industrial Average was trading at around 950. The index, which at

  • Southwest cancels about 40 flights for engine inspections
    Finance
    Reuters

    Southwest cancels about 40 flights for engine inspections

    At the time, Southwest said those inspections would cause some impact on operations, but it has not said how many engines it planned to inspect. On Friday, the Federal Aviation Administration and European airline regulators ordered emergency inspections within 20 days of nearly 700 aircraft engines similar to the one involved in a fatal Southwest engine blowout earlier this week. The engine explosion on Southwest Flight 1380 on Tuesday was caused by a fan blade that broke off, the FAA said.

  • Why You're Smart to Buy This Beaten-Up Dividend Stock
    Business
    Motley Fool

    Why You're Smart to Buy This Beaten-Up Dividend Stock

    Oil and gas experts are closely watching the Permian Basin in 2018. The Permian Basin has grown crude oil production from 1.5 million barrels per day (bpd) entering 2014 to over 3.1 mbp today -- and that doesn't include natural gas (it's the second-largest gas play in the country) or other petroleum liquids. Current growth trends and expansion projects predict that crude oil output will rise to over 5 mpd sometime in 2023.

  • Is a Beat in Store for Bristol-Myers (BMY) in Q1 Earnings?
    Finance
    Zacks

    Is a Beat in Store for Bristol-Myers (BMY) in Q1 Earnings?

    The company delivered positive earnings surprise in three of the last four quarters and missed expectations once. The average positive earnings surprise in the last four quarters is 4.23%. In the last reported quarter, Bristol-Myers delivered a positive surprise of 1.49%.

  • Was Nokia Corporation’s (HEL:NOKIA) Earnings Decline Part Of A Broader Industry Downturn?
    Business
    Simply Wall St.

    Was Nokia Corporation’s (HEL:NOKIA) Earnings Decline Part Of A Broader Industry Downturn?

    For long-term investors, assessing earnings trend over time and against industry benchmarks is more beneficial than examining a single earnings announcement at a point in time. Investors may find my commentary, albeit very high-level and brief, on Nokia Corporation (HLSE:NOKIA) useful as an attempt to give more color around how Nokia is currently performing. Was NOKIA weak performance lately part of a long-term decline?

  • Oil rebounds even as Iran dashes hopes of OPEC cut extension
    Business
    Reuters

    Oil rebounds even as Iran dashes hopes of OPEC cut extension

    Global benchmark Brent crude turned positive in volatile trade on Monday as it jockeyed between downward pressure after Iran dashed hopes that OPEC would extend its production cap pact and support on fears that U.S. sanctions could dampen Iran's output. "It's tweet by tweet," said Phil Flynn, analyst at Price Futures Group, saying the market is swinging in response to posturing from the U.S. and OPEC members. Iran's oil minister Bijan Zanganeh said there would be no need to extend a pact between the Organization of the Petroleum Exporting Countries and non-OPEC producers if oil prices strengthened, the ministry's official website SHANA reported.

  • 25% of Baby Boomers Plan to Retire Before Age 65. Here's What You Need to Know if You're One of Them
    Business
    Motley Fool

    25% of Baby Boomers Plan to Retire Before Age 65. Here's What You Need to Know if You're One of Them

    In fact, a good 25% of employed baby boomers think they'll retire prior to age 65, according to new data from the Insured Retirement Institute. Your Social Security benefits are calculated based on what you earned during your top 35 working years, but once your full monthly benefit amount is established, you can only collect it in full upon reaching full retirement age. Now you are allowed to file for Social Security as early as age 62.

  • Kate Middleton Just Welcomed a Baby Boy. These Are His Most Likely Names, According to Oddsmakers
    News
    Time

    Kate Middleton Just Welcomed a Baby Boy. These Are His Most Likely Names, According to Oddsmakers

    Catherine, the Duchess of Cambridge, has given birth to her third child with Prince William— a baby boy, whose name has not yet been released by the royal family. Kate Middleton gave birth to the 8-pound, 7-ounce baby boy at 11.01 a.m. U.K. time (6.01 a.m. ET), according to Kensington Palace. The newborn boy is a younger sibling to Prince George, 4, and two-year-old Princess Charlotte.

  • Business
    Oilprice.com

    Saudi Arabia’s $100 Oil Dilemma

    Saudi Arabia is rumored to want oil prices at $100 per barrel, but if prices rise that high, it could sow the seeds of the next downturn. Saudi officials want more revenues for their budget and a higher oil price to bolster the valuation of the Aramco IPO. As Liam Denning of Bloomberg Gadfly points out, in the past decade, while oil prices have surpassed $100 per barrel for periods of time, they didn’t stay there for very long.

  • Here's How Kate Middleton and Prince William's Royal Baby Just Changed the Succession to the British Throne
    News
    Time

    Here's How Kate Middleton and Prince William's Royal Baby Just Changed the Succession to the British Throne

    The new royal baby may be less than a few hours old, but he has already made history. The latest addition to the family of Prince William and Catherine, Duchess of Cambridge, who was born Monday just hours after Kate Middleton was admitted to the Lindo Wing at St. Mary’s Hospital, is the first newborn in the immediate Royal Family to be affected by changes to the line in succession. The Succession to the Crown Act, which was introduced in 2013 but only went into effect in 2015, amended the rules surrounding succession to the British throne so it is no longer dependent on gender.