So why were liberal groups' budgets increased?
So why were liberal groups' budgets increased?
You'd think that investors would have trading on corporate earnings down to a science by now. Think again, says Goldman Sachs. Investors are frequently ill-positioned for the preannouncements companies often make leading up to their scheduled earnings releases, Katherine Fogertey and the Goldman derivatives team wrote in a client note on Thursday.
(A Sears store seen in 2014 in Coral Gables, Florida.Joe Raedle/Getty Images) Sears Holdings is closing 20 more stores in the US, in addition to the 245 closings that had already been announced this year. The company announced the latest closures to
Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways. In his "No-Huddle Offense" segment, Cramer said that sometimes, hubris can be a virtue. That was certainly the case with Oracle (ORCL) , which soared 8.5% today after the company's earnings exceeded expectations and its conference call made analysts sit up and take notice. Cramer said Oracle's management deserved to celebrate their performance on the call. The company finally got it right and is accelerating growth and expanding margins. Oracle can provide lessons to IBM (IBM) , which is mounting a similar turnaround, but is not yet in a position to celebrate. On Real Money, Cramer talks about the competitors
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:Zumiez Inc. ZUMZ is a specialty retailer of apparel and footwear.The Zacks Consensus Estimate for its current year earnings has been revised 12.3% downward over the last 30 days.VeriFone
The House's version of the health care bill, the Better Care Reconciliation Act of 2017, was at last unveiled on Wednesday, with profound and far-reaching potential repercussions for how Americans are able to access and afford health insurance. Currently, Americans pay $3.4 trillion a year for medical care (and, unfortunately, don't get impressive results ).
Gilead Science Inc. (GILD) is extending Tuesday's high volume gain. This impressive move has driven the stock to fresh June highs as a major bottom begins to take shape. Gilead is leaving behind a very solid base and, like much of the Biotech sector, is setting up well for more upside. Gilead has been very listless for the last four months. This sideways to lower action began with a devastating breakdown following the company's fourth-quarter earnings report. The stock fell nearly 9% on the news as volume surged to its heaviest level in years. Gilead quickly recovered but the massive amount of supply left behind after the Feb. 8 collapse provided extremely heavy overhead pressure. The stock
The coal magnate Robert Murray has filed a lawsuit against John Oliver, HBO, Time Warner, and the writers of Oliver's show over the most recent episode of "Last Week Tonight," The Daily Beast reports. In a segment on the show, Oliver took on Murray's business practices and the safety hazards of the coal industry at large. Murray — who runs Murray Energy Corporation, the largest private coal company in the country — filed the suit Wednesday.
Warren Buffett's top lieutenant, Charlie Munger , told a small group of investors that the simple strategy of buying only service company stocks made former Vice President Al Gore very wealthy. "Al Gore has come into you fellas business. Hedge fund manager Whitney Tilson in one of his email newsletters pointed to the YouTube videos of Munger's informal question-and-answer session held after the Journal meeting, and other investors have confirmed the subject matter of the talk.
By Narottam Medhora and Jim Finkle WATERLOO, Ontario (Reuters) - BlackBerry Ltd posted quarterly revenue that missed analysts' forecasts due to an unexpected sales decline, pushing shares down as much as 13 percent, which would be their biggest one-day drop in more than two years. The company reported that software and professional sales fell 4.7 percent to $101 million during the first quarter. Investors pay close attention to that category because growth of high-margin software sales is at the heart of Chief Executive Officer John Chen's turnaround strategy for the company.
The proposed merger between Rite Aid (NYSE:RAD) and Walgreens Boots Alliance (NYSE:WBA) will come to a vote at the Federal Trade Commission next week and likely faces a lawsuit seeking to block the deal, according to a report. The Capitol Forum, a D.C.-based firm, reported on Thursday that the acting director of the FTC’s Bureau of Competition has recommended a lawsuit, backing staff recommendations. Walgreens and Rite Aid declined to comment.
Sameer Syed believes that Wall Street alumni have a lot to offer the tech world — but he knows firsthand how hard switching industries can be. Syed started off as an investment banker at JPMorgan, landing his first job as an analyst in 2007. In 2012, he left to join the realm of tech startups.
Advanced Micro Devices Inc. (AMD) shares fell 0.9% to $14.25 by's Friday's close, after the stock jumped nearly 10% on Wednesday as the market digested news of its latest microchip release, Epyc. Analysts began to weigh in on the company following the chip's unveiling. BMO Capital Markets, which has an "outperform" rating and $15 price target on the company, is in a wait and see pattern with the company, with analyst Ambrish Srivastava saying, "In our view, launching Epyc CPU in a timely manner is AMD's first major step in the right direction in the company's goal in capturing double-digit share in the data center CPU market." However, the firm also said that it would wait for independent
Ann Coulter, 'In Trump We Trust' author and columnist weighs in on violence from the left wing against Republicans and the GOP health care plan.
By Victoria Bryan and Tim Hepher PARIS (Reuters) - Boeing won a race for new business at the Paris Airshow, rolling out a new model of its best-selling 737 airliner that helped it claim back the order crown from rival Airbus After a show in which both manufacturers did brisk business under a sweltering sun, the European planemaker said on Thursday it had won 346 net new orders and commitments - including a last-minute order for 20 - while U.S. rival Boeing reached 571. "The MAX stole the show," Ihssane Mounir, vice president of sales and marketing at Boeing's commercial aircraft division, said. "This is probably one of our busiest air shows." Combined orders were stronger than expected and edged past the total from the same show two years ago, but were well below a 2011 order blowout when Airbus alone managed a similar tally.
Jack Ma, Founder and Executive Chairman of Alibaba Group Holding, addresses the media during the inaugural Gateway ’17 event at Cobo Center in Detroit, Michigan, U.S., June 20, 2017. “China is shifting from exporting to importing,” Alibaba CEO Jack Ma said in Detroit on Wednesday. Ma said this during Gateway ’17, the e-commerce giant’s biggest public event in the US, where he addressed 3,000 small business owners and urged them not only to import from China, but also to sell to China.
"I believe non-dividend stocks aren't much more than baseball cards. They are worth what you can convince someone to pay for it." -- Mark Cuban In a lot of ways, Cuban is obviously right. Markets will soar and markets will plunge, but owning dividend stocks means you have a more stable company that pays you consistently -- and that's worth a lot more to many investors. Here's one unloved high-yield dividend stock with a brighter future than many think in General Motors (NYSE:GM) and a mostly overlooked dividend juggernaut in Stanley Black & Decker, Inc. (NYSE:SWK). Peak Auto? So what? Addition by subtraction is a real thing. In this case, General Motors has done a phenomenal job minimizing or
Kia has done it again: for a second year in a row, the South Korean brand has come out on top of J.D. Power's Initial Quality Study. The Initial Quality Study is a great one for new-car buyers to watch. Unlike Power's equally well-known Dependability Study, which evaluates new cars based on the number of problems they have over several years, the Initial Quality Study rates vehicles according to the number of issues they experience during the first 90 days of ownership.
In the wake of news that Bachelor in Paradise contestant Corinne Olympios’ legal counsel will continue to investigate the allegations of on-set sexual misconduct involving the star – despite Warner Bros.’ claims that it found no evidence of wrongdoing – questions remain over exactly what legal implications there may be for the production company. “You wouldn’t need a creative plaintiff’s lawyer in this case to devise the scenario where the producers are going to be responsible for protecting their contestants from unlawful activity,” speculates Sopori.
Retirees can look forward to the largest Social Security cost-of-living adjustment next year since 2012 - but don’t break out the champagne just yet. For many, higher Medicare premiums will take a big bite out of their raise. The 2018 Social Security cost-of-living adjustment (COLA) will not be announced until October, but inflation trends point toward an increase of about 2 percent, according to a recent forecast by the Senior Citizens League.
AT&T (NYSE: T) is on pace to invest around $22 billion in the United States this year, CEO Randall Stephenson told CNBC on Thursday. Stephenson is among the tech leaders heading to the White House later Thursday to meet with President Donald Trump to discuss the potential impact of emerging technologies on U.S. industrial workers. Ahead of the tech meeting, Stephenson told "Squawk Box" the company will increase its capital investments if Trump delivers on tax reform by the end of the year.
Foxconn (2317.TW), the world's largest contract electronics maker and a major Apple Inc (AAPL.O) supplier, plans to invest more than $10 billion in a display-making factory in the United States and will decide on the location of the plant next month. The Taiwan-based firm has been eyeing U.S. investments for some time and its CEO, Terry Gou, had previously said the company hoped to spend over $7 billion to set up a display-making plant in the country - which has no panel-making industry but is the No.2 market for televisions. Foxconn, formally known as Hon Hai Precision Industry Co, is currently considering Wisconsin, Ohio, Michigan, Pennsylvania and North Carolina as possible locations, Gou told reporters after the company's annual shareholders meeting on Thursday.
Sears Holdings (NASDAQ: SHLD) is planning to shutter 20 more Sears stores in the U.S., in addition to the more than 200 closures that have already been announced, Business Insider reported Thursday. Sears reportedly announced the latest round of closures
Three of President Donald Trump's roles converge next week as he holds his first re-election fundraiser at his hotel in Washington. Trump can see the Trump International Hotel from the White House lawn, making it a premier and convenient location for the June 28 major-donor event, his campaign director Michael Glassner said. Kathleen Clark, a former ethics lawyer for the District of Columbia, said that while not illegal or even unusual for Trump, it's a bold example of self-dealing that deeply concerns some Americans.
Preparing for your "golden years" is a big focus of any financial plan. Will you invest in real estate and the stock market to save? Do you have an IRA or company retirement plan? These are all great questions. But making sure you're covered financially is only one part of the bigger picture. The question that is often overlooked when planning for retirement is how, exactly, you want your life to look after you retire. As in: What do you want to do with your time? Retirement planning isn't just about the money, but is equally about the significant life changes you will face. "People come into our office wanting to retire and they are clear what they want to retire from: a job, a career, a bad