U.S. Markets close in 28 mins

Who's Getting Rich on Crypto?

Criminals could reap the run-up in crypto. Bitcoin has been the de facto currency of black markets on the dark web but maybe not anymore. Yahoo Finance's Myles Udland, Dan Roberts and Andy Serwer discuss.

  • Should You Buy Micron Stock? 3 Pros, 3 Cons
    Finance
    InvestorPlace

    Should You Buy Micron Stock? 3 Pros, 3 Cons

    Micron Technology, Inc.(NASDAQ:MU) beat earnings expectations last month and closed at $61.07 on March 21, just off 52-week high of $63.42. Since then, Micron stock has retreated, and the stock now sits at $48.46 per share. Micron stock has more than doubled since December 2016.

  • 'Cross the Bushes Off Your Worry List.' George H.W. Bush Speaks About the Loss of His Wife
    Finance
    Fortune

    'Cross the Bushes Off Your Worry List.' George H.W. Bush Speaks About the Loss of His Wife

    George H.W. Bush has issued the first public statement on the loss of his wife Barbara Bush, who passed away Tuesday night at the age of 92. “I always knew Barbara was the most beloved woman in the world, and in fact I used to tease her that I had a complex about that fact.

  • Harley Wins Biggest-Ever TradeMark Infringement Case
    News
    RideApart

    Harley Wins Biggest-Ever TradeMark Infringement Case

    Harley-Davidson has a well-deserved reputation for, shall we say, aggressively protecting its various trademarks. Case in point is the latest trademark situation with SunFrog.com. Back in 2017, word got back to Milwaukee that Michigan-based SunFrog.com—an online print-on-demand outfit that churns out custom made-to-order shirts, mugs, hoodies, mousepads, etc.—was selling wares featuring assorted images that infringed on Harley’s trademarks.

  • Prince Harry Knows Meghan Markle Is the Real Draw and This Is Proof
    News
    Time

    Prince Harry Knows Meghan Markle Is the Real Draw and This Is Proof

    Prince Harry knows Meghan Markle is the person to meet right now, and he’s not going to get in anyone’s way. There’s a time in every relationship when it’s appropriate to cede the spotlight to your partner, and that time is now for Prince Harry. Adorably, and graciously, Prince Harry stepped aside so the soon-to-be-princess could go first.

  • Philip Morris Plunges the Most in a Decade on Slump in Cigarettes
    Business
    Bloomberg

    Philip Morris Plunges the Most in a Decade on Slump in Cigarettes

    Big tobacco is still looking for a savior, if Philip Morris International Inc. is any guide. Shares in the cigarette giant plunged as much as 18 percent after its latest earnings report showed that $4.5 billion spent on four new products are failing to win over new customers. Sales growth of the iQos, a device that heats a tobacco plug without setting it on fire, has been slowing after initial success in Japan. Philip Morris, which sells Marlboros outside the U.S., reported revenue excluding excise taxes of $6.9 billion, less than the $7.03 billion projected by analysts in a Bloomberg survey. The share decline, to as low as $83.50, was the biggest since the company split from Altria Inc. in 2008.

  • Bitcoin Loses Out to Bitcoin Cash – Is it the Beginning of the End?
    Business
    FX Empire

    Bitcoin Loses Out to Bitcoin Cash – Is it the Beginning of the End?

    The Bitcoin bulls didn’t get the memo on Wednesday, with Bitcoin only managing a 3.56% rise on day, partially reversing Monday and Tuesday’s losses, to end the day at $8,169.5. A morning rally saw Bitcoin break out from the 23.6% FIB Retracement Level of $7,996.57 to hit a morning $8,168.8 high, breaking through the first major support level of $8,098.87 before seeing a pullback to an early afternoon $7,907.4 to call on buyer support at the 23.6% FIB Retracement Level of $7,996.57. A late afternoon rally saw Bitcoin hit an intraday high $8,237.2, testing the day’s 1st major resistance level for a 2nd time and this time managing to hold on through to the day’s end.

  • Former Yahoo CEO Marissa Mayer Creates Tech Startup Incubator
    Business
    Bloomberg

    Former Yahoo CEO Marissa Mayer Creates Tech Startup Incubator

    Former Yahoo Chief Executive Officer Marissa Mayer is starting a technology business incubator, Lumi Labs, with longtime colleague Enrique Munoz Torres.The venture will focus on consumer media and artificial intelligence, according to the company’s website

  • Greenspan Says New U.S. Tax Cuts Are 'Unfunded'
    Business
    Bloomberg Video

    Greenspan Says New U.S. Tax Cuts Are 'Unfunded'

    Apr.18 -- Former Chairman of the Federal Reserve Alan Greenspan discusses the one issue he has with U.S. tax cuts and the political problem of addressing entitlements. He speaks with Bloomberg's Tom Keene on "Bloomberg Markets."

  • Apple, Philip Morris, chips lead slide on Wall Street
    Finance
    Reuters

    Apple, Philip Morris, chips lead slide on Wall Street

    A warning from Taiwan Semiconductor (TSMC), the world's largest contract chipmaker and Apple supplier, on soft demand for smartphones and on the semiconductor industry's growth this year sparked a tumble in chip stocks. Apple's shares also fell 2.4 percent, with analysts telling Reuters that TSMC's warning was related to the iPhone maker. Apple was the biggest drag on the Dow Jones Industrial Average and the Nasdaq.

  • Rodent Infestation, ‘Spread of Filth’ Found Before Egg Recall
    News
    Bloomberg

    Rodent Infestation, ‘Spread of Filth’ Found Before Egg Recall

    Before a U.S. farm voluntarily recalled 207 million eggs, government inspectors found rodents scurrying in manure pits, equipment that was coated with grime and food debris, and outside a swarm of “large flying insects too numerous to count.” Unsanitary conditions were found during multiple inspections of a Rose Acre Farms facility in Hyde County, North Carolina, that allowed for the “proliferation and spread of filth and pathogens throughout the facility that could cause the contamination of egg processing equipment and eggs,” according to a report from the U.S. Food and Drug Administration detailing inspections. A review of the farm’s pest control records flagged an ongoing rodent infestation,

  • What to Watch When NVIDIA Reports Q1 Earnings
    Business
    Motley Fool

    What to Watch When NVIDIA Reports Q1 Earnings

    Tech darling NVIDIA Corporation (NASDAQ: NVDA) should be reporting its fiscal first-quarter 2019 earnings in a couple of weeks, most likely during the week of May 7. NVIDIA stock has returned 139% over the one-year period through April 18, crushing the S&P 500's 17.6%.

  • We knew what Fox News was long before this Sean Hannity debacle
    News
    Quartz

    We knew what Fox News was long before this Sean Hannity debacle

    After Fox News personality Sean Hannity was named as a client of Donald Trump’s personal lawyer—whom he had strenuously defended on air without disclosing the relationship—some observers wondered if Fox News might fire Hannity (as if that were an actual possibility). Another journalist said he was “stunned” that Fox wouldn’t punish Hannity for the blatant violation of journalistic standards. Let’s be clear: Fox News is not, and never has been, a news organization.

  • Lockheed Martin Is One Step Closer to Building Hypersonic Missiles That Are Faster Than Today's Anti-Aircraft Systems
    Finance
    Fortune

    Lockheed Martin Is One Step Closer to Building Hypersonic Missiles That Are Faster Than Today's Anti-Aircraft Systems

    The Pentagon has given Lockheed Martin lmt a $928 million contract to develop and build hypersonic missiles, which will be able to travel at more than five times the speed of sound. Hypersonic missiles are a priority for the U.S. military because they are so difficult to defend against—they’re just too fast for today’s anti-aircraft and anti-missile defense systems to counter—and because the country’s biggest geopolitical rivals are steaming ahead. China said last year that it was almost ready to demonstrate its own hypersonic weapons, and Russia claims that it too has conducted successful tests of a hypersonic missile that can carry nuclear or conventional warheads.

  • J.C. Penney Stock Is Set to Rebound as Rivals Keep Retreating
    Business
    Motley Fool

    J.C. Penney Stock Is Set to Rebound as Rivals Keep Retreating

    Shares of J.C. Penney (NYSE: JCP) rallied in early 2018 thanks to an improving retail climate and the company's strong holiday performance. Indeed, J.C. Penney's comp sales rose 3.4% in the combined November-December holiday shopping period. However,

  • Should You Buy General Electric (GE) Stock Ahead of Earnings?
    Business
    Zacks

    Should You Buy General Electric (GE) Stock Ahead of Earnings?

    Shares of General Electric GE surged nearly 2% in early morning trading Thursday, just one day before the embattled conglomerate is scheduled to release its latest quarterly earnings report. Investors will want to pay close attention to GE’s results on Friday morning as the iconic brand looks to rebuild confidence from the market. Earnings growth is expected to be strong throughout the Q1 report season, but the tone surrounding General Electric is concern—not optimism.

  • Investigators found a major clue to what may have caused Southwest jet's engine failure (LUV)
    News
    Yahoo Finance Video

    Investigators found a major clue to what may have caused Southwest jet's engine failure (LUV)

    Investigators from the National Transportation Safety Board have a major new clue in their hunt for what caused an engine on a Southwest Airlines Boeing 737 to fail mid-flight. The incident resulted in the death of 43-year-old Jennifer Riordan of Albuquerque, New Mexico Business Insider reports.

  • No Retirement Savings and Nearly Out of Time? Here's How to Compensate
    Business
    Motley Fool

    No Retirement Savings and Nearly Out of Time? Here's How to Compensate

    It's certainly not an ideal scenario, seeing as how you can't live off of Social Security alone. For each year you delay benefits past full retirement age, your monthly payments go up by 8% until you turn 70, at which point the incentive to wait runs out. If your full retirement age is 67 but you hold off on benefits until 70, you'll wind up collecting 124% of the amount you were initially entitled to.

  • Nikki Haley’s ‘I Don't Get Confused’ Comment Demonstrated Her Gift for the Clapback
    World
    Time

    Nikki Haley’s ‘I Don't Get Confused’ Comment Demonstrated Her Gift for the Clapback

    When a White House official suggested this week that United Nations Ambassador Nikki Haley had suffered “momentary confusion” over the Trump Administration’s approach to new Russian sanctions, she responded with a clear message to the contrary. “With all due respect, I don’t get confused,” Haley said in a statement on Tuesday. The retort — which earned her an apology from National Economic Council Director Larry Kudlow — was characteristic of Haley, who has a knack for responding to criticism and slights with a measured, but assertive clapback.

  • Kinder Morgan Inc. Starts 2018 Off With a Bang
    Business
    Motley Fool

    Kinder Morgan Inc. Starts 2018 Off With a Bang

    As promised, natural gas pipeline giant Kinder Morgan (NYSE: KMI) returned to growth mode in 2018. Overall, the company hauled in $1.247 billion ($0.56 per share) of distributable cash flow during the first quarter, which was 3% higher than the year-ago period, and beat its forecast. Recently completed expansion projects and higher oil prices fueled improving results. Kinder Morgan's natural gas pipeline segment delivered a strong performance in the first quarter, with earnings rising 6% year over year.

  • How Amazon Prime's 100 million subscribers stacks up against Netflix, Spotify and Apple
    Business
    Yahoo Finance

    How Amazon Prime's 100 million subscribers stacks up against Netflix, Spotify and Apple

    Amazon CEO Jeff Bezos’s annual shareholder letter, released on Wednesday evening, included an unexpected reveal. Your first question might be to wonder how that number compares to other subscription services for streaming content. To be sure, these are not apples-to-apples comparisons, since Prime is not only for video—in fact, it’s likely that the vast majority of Prime members pay for the service to get the shipping benefits, not for Prime Video.

  • TSMC's smartphone warning points squarely at Apple: analysts
    Business
    Reuters

    TSMC's smartphone warning points squarely at Apple: analysts

    Shares in Apple Inc and its suppliers fell on Thursday after a raft of analysts read a prediction of softer smartphone sales from Taiwan Semiconductor Manufacturing Co Ltd as driven chiefly by concern about demand for iPhones. TSMC, the world's largest contract chipmaker and a major Apple supplier, revised its full-year revenue target to the low end of its earlier forecast. "Apple represents nearly 20 percent of TSMC's revenue so the outlook potentially points to weaker-than-anticipated iPhone demand," Atlantic Equities analyst James Cordwell told Reuters.

  • Warren Buffett's Advice for a Stock Market Crash
    Business
    Motley Fool

    Warren Buffett's Advice for a Stock Market Crash

    If you could only listen to one person's advice during a stock market crash, let that person be famed investor, Warren Buffett. Not only will the Berkshire Hathaway (NYSE: BRK-B) (NYSE: BRK-A) chairman and CEO's advice serve you well, but his knack for keeping a clear head -- and even getting a bit greedy (more on that later) -- when everyone else is selling, may make his the only advice you need to navigate uncertain times. Indeed, Buffett's ability to tune out the noise and remain optimistic amid these downturns has played a vital role in his unrivaled performance over decades.

  • Oil jumps 3 percent on Saudi price target, U.S. stockpiles
    Business
    Reuters

    Oil jumps 3 percent on Saudi price target, U.S. stockpiles

    Oil futures jumped nearly 3 percent on Wednesday on a decline in U.S. crude inventories and after sources signalled top exporter Saudi Arabia wants to see the crude price closer to $100 a barrel. OPEC's new price hawk Saudi Arabia would be happy for crude to rise to $80 or even $100, three industry sources said, a sign Riyadh will seek no changes to a supply-cutting deal even though the agreement's original target is within sight. Prices were supported as U.S. oil stockpiles fell across the board last week with gasoline and distillates drawing down more than expected on stronger demand, according to data from the U.S. Energy Information Administration.

  • AT&T's Merger Boss Mocks U.S. Claim About Comcast Coordination
    Finance
    Bloomberg

    AT&T's Merger Boss Mocks U.S. Claim About Comcast Coordination

    An AT&T Inc. executive told a judge that the company’s contentious relationship with Comcast Corp. is evidence that the two rivals wouldn’t coordinate to withhold content from upstart distributors if AT&T’s acquisition of Time Warner Inc. goes through, as the U.S. claims.

  • Why Did Semiconductor Stocks Dip This Morning?
    Business
    Zacks

    Why Did Semiconductor Stocks Dip This Morning?

    Shares of several major semiconductor industry stocks were down in early morning trading Wednesday after the latest quarterly earnings reports from equipment suppliers ASML Holding ASML and Lam Research LRCX caused hesitation.Nevertheless, there were