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Xi Jinping pushes China to scrap presidential term limit

Yahoo Finance's Seana Smith, Andy Serwer, Dan Roberts and Dan Howley on President Xi Jinping pushing China back to one-man rule.

  • 5 Top Stock Trades for Friday Morning
    Business
    InvestorPlace

    5 Top Stock Trades for Friday Morning

    Shares of Alcoa plunge after reporting earnings, while Bank of America retests their prior breakout spot. Here are our top stock trades for Friday: Top Stock Trades for Tomorrow #1: AA Alcoa (NYSE:AA) beat on earnings and revenue expectations, but tariff

  • These MLPs Are on Fire Today
    Business
    Motley Fool

    These MLPs Are on Fire Today

    What happened Shares of several master limited partnerships (MLPs) took off on Thursday after the Federal Energy Regulatory Commission (FERC)  finalized a new policy relating to the tax code overhaul passed at the end of 2017. Leading the way higher were

  • A Russian Warship Was Discovered with an Estimated $130 Billion in Gold on Board
    World
    Fortune

    A Russian Warship Was Discovered with an Estimated $130 Billion in Gold on Board

    A sunken Russian warship estimated to contain 200 tons of gold bullion and coins was discovered about one mile off the coast of the South Korean island of Ulleungdo. Shinil Group, the South Korean treasure-hunting company that led the search, announced their discovery on Sunday. According to The Telegraph, a joint team with experts from South Korea, Britain, and Canada used two manned submersibles to film the wreck at a depth of more than 1,400 feet.

  • Even the Americans sitting on piles of cash aren't using it correctly to build wealth
    Business
    Business Insider

    Even the Americans sitting on piles of cash aren't using it correctly to build wealth

    The average American is holding too much cash in savings, and it's keeping them from building wealth. You should instead invest your excess savings in the stock market for the best returns, NerdWallet's retirement and investing specialist Arielle O'Shea recommends. The easiest way to put your savings to work is through a 401(k), which invests your money in stocks through low-cost index funds or exchange-traded funds.

  • Amazon.com Inc. Earnings Next Week: What to Expect
    Business
    Motley Fool

    Amazon.com Inc. Earnings Next Week: What to Expect

    The e-commerce giant will deliver its second-quarter results after the close on July 26, and with shares up an incredible 82% over the past 12 months -- 22% in the past three months alone -- investors have high expectations. In its first quarter, sales and operating income increased 43% and 92% year over year, respectively -- results that blew past both analysts' consensus estimates and management's own forecast. Next week, investors will be looking for similarly impressive growth, as well as strong guidance.

  • When is the best time to convert my traditional IRA to a Roth?
    Business
    MarketWatch

    When is the best time to convert my traditional IRA to a Roth?

    Q.: I have about $57,000 in my traditional IRA and about $6,800 in a Roth IRA. The idea of converting while in low bracket year is sound but fear of the required minimum distributions (RMD) may not need to be a strong motivator. Yes, when RMDs begin they can kick you into a higher tax bracket, but not necessarily.

  • Trump Wants to Redesign Air Force One. Here's Why the Presidential Plane Looks the Way It Does
    Business
    Time

    Trump Wants to Redesign Air Force One. Here's Why the Presidential Plane Looks the Way It Does

    When President Trump confirmed that he wants to redesign Air Force One during his term in office, in an interview with CBS that aired on Tuesday, he told reporter Jeff Glor that he planned to repaint the iconic aircraft red, white and blue. “Air Force One is going to be incredible,” Trump told Glor. “It’s going to be the top of the line, the top in the world, and it’s going to be red, white and blue.

  • 3 Top Dividend Stocks With Yields Over 3%
    Business
    Motley Fool

    3 Top Dividend Stocks With Yields Over 3%

    To get started on the path to wealth-building through dividend stocks, we asked three Motley Fool investors to each highlight a top-quality dividend stock. For a little bit of an additional challenge, we wanted to see companies with a dividend yield of more than 3%, better than the S&P 500's aggregate yield of 1.8% today. A 3% dividend yield is actually pretty measly.

  • Kinder Morgan Inc. Takes Another Big Step Forward
    Business
    Motley Fool

    Kinder Morgan Inc. Takes Another Big Step Forward

    Kinder Morgan (NYSE: KMI) continued its forward progress in the second quarter. The natural gas pipeline giant reported $1.1 billion ($0.50 per share) in distributable cash flow (DCF), which was 9% ahead of the year-ago quarter. Natural gas pipelines led the charge.

  • Microsoft beats Wall Street targets on cloud services revenue
    Business
    Reuters

    Microsoft beats Wall Street targets on cloud services revenue

    The company's flagship Azure cloud product recorded revenue growth of 89 percent in the fourth quarter ended June 30. Much of Microsoft's recent growth has been fueled by its cloud computing business, which has benefited from companies rushing to shift their workloads to the cloud to cut data storage and software costs. Microsoft shares have risen 180 percent since Satya Nadella took over as chief executive in 2014, refocusing the company on cloud computing rather than PC software.

  • Why eBay, Inc. Stock Plunged Today
    Business
    Motley Fool

    Why eBay, Inc. Stock Plunged Today

    Shares of eBay Inc. (NASDAQ: EBAY) were down 9.1% as of 2:45 p.m. EDT Thursday after the online marketplace announced mixed quarterly results and reduced its full-year revenue guidance. More specifically on the former, eBay's second-quarter revenue climbed 9.1% year over year to $2.64 billion, or near the low end of last quarter's guidance for a range of $2.64 billion to $2.68 billion. The underlying drivers of eBay's results were mostly positive.

  • Walmart acquiring Shopify is no longer a laughable idea
    Finance
    TechCrunch

    Walmart acquiring Shopify is no longer a laughable idea

    As competition between Walmart and Amazon intensifies, the acquisition of Shopify's merchant marketplace may be the boost that the Walton family's juggernaut needs to move ahead. At 100,000 sellers a month over the next 5 years, there could be an estimated 11 Million sellers on Amazon’s marketplace by 2023. E-commerce intelligence firm Marketplace Pulse estimates Amazon's Gross Merchandise Volume or GMV for 2018 at $280B, set to triple over a 5-year period, concluding that the marketplace contribution to Amazon's GMV would surpass 70% by 2023.

  • 3 Stocks I'm Never Selling
    Business
    Motley Fool

    3 Stocks I'm Never Selling

    Warren Buffett once said that when its comes to stocks, his "favorite holding period is forever." Investors shouldn't blindly apply that idea to all stocks, but holding the best stocks "forever" can mean the difference between a 10% gain and multi-bagger returns. Amazon generates most of its revenue from its online marketplaces in over a dozen countries. Amazon locks in those customers with Prime, its premium plan, which offers discounts, free shipping, streaming media, and other perks.

  • This is the Real Reason to Love Royal Dutch Shell PLC Stock
    Business
    Motley Fool

    This is the Real Reason to Love Royal Dutch Shell PLC Stock

    Global energy giant Royal Dutch Shell's (NYSE: RDS-B) stock is offering investors a very attractive yield of 5.1%. Add in improving oil prices, and you can see why investors have gravitated to the stock, pushing Shell's stock price up 7.5% so far this year, around three percentage points more than the advance in the S&P. But a big yield and strong relative performance aren't the real reasons to love Royal Dutch Shell stock. The last four years or so haven't been great for integrated oil and natural gas companies like Royal Dutch Shell.

  • Most Analysts Recommend a ‘Buy’ for GM Stock before Q2
    Business
    Market Realist

    Most Analysts Recommend a ‘Buy’ for GM Stock before Q2

    In the previous part of this series, we looked at analysts’ expectations for General Motors (GM) in Q2 2018, which indicated a minor weakness. Now let’s see what analysts are recommending for GM before its second-quarter earnings event. As of July 17, GM’s consensus 12-month target price is $49.44, which is 23% higher than its market price of $40.03.

  • Chicago Could Soon Become the Largest American City to Give Universal Basic Income a Try
    Finance
    Fortune

    Chicago Could Soon Become the Largest American City to Give Universal Basic Income a Try

    If one local politician gets his way, Chicago could become the largest city in the U.S. to trial a universal basic income program. Chicago lawmaker Ameya Pawar has thus far received support from 36 co-sponsors on a bill to introduce the pilot program. If the bill receives adequate support, it will be voted on by City Council.

  • Better Buy: AT&T, Inc. vs. T-Mobile
    Business
    Motley Fool

    Better Buy: AT&T, Inc. vs. T-Mobile

    T-Mobile (NASDAQ: TMUS) has led the United States wireless industry in subscriber growth over the last four years. Offering customers things like separate equipment billing and reintroducing unlimited plans destroyed some of the favorable economics enjoyed by much larger carriers like AT&T (NYSE: T), but it's allowed T-Mobile to quickly scale the size of its business. Meanwhile, AT&T has expanded its operations by acquiring DirecTV and WarnerMedia (formerly Time Warner).

  • Better Buy: Novavax, Inc. vs. Pfizer
    Business
    Motley Fool

    Better Buy: Novavax, Inc. vs. Pfizer

    The biopharmaceutical industry has been extremely generous toward investors over the last eight years. Not every biopharma stock has been a gushing success for investors, though. Pharma titan Pfizer (NYSE: PFE) and clinical-stage vaccine developer Novavax (NASDAQ: NVAX), for instance, have both drastically under-performed their pharma peers during this period.

  • Better Buy: Cisco Systems, Inc. vs. Oracle Corporation
    Business
    Motley Fool

    Better Buy: Cisco Systems, Inc. vs. Oracle Corporation

    Cisco (NASDAQ: CSCO) and Oracle (NYSE: ORCL) are often considered "mature" tech stocks that generate stable but unremarkable returns. In a comparison of these two stocks back in March, I concluded that Cisco's higher dividend and cash repatriation plans made it a better buy. Cisco is the world's largest manufacturer of network routers and ethernet switches.

  • The most costly mistakes investors of every size make, according to Bank of America’s $2 trillion wealth-management chief
    Finance
    Business Insider

    The most costly mistakes investors of every size make, according to Bank of America’s $2 trillion wealth-management chief

    Getty Images / Eduardo Munoz Alvarez Irregular investing, waiting for an all-clear sign, and overconfidence are three of the biggest mistakes investors make.  That's according to Chris Hyzy, the chief investment officer of Bank of America Global Wealth

  • Alcoa’s Second-Quarter Earnings: What You Need to Know
    Business
    Market Realist

    Alcoa’s Second-Quarter Earnings: What You Need to Know

    Alcoa (AA) reported its second-quarter earnings on July 18. In this article, we’ll see how Alcoa performed on key financial metrics in the quarter. Alcoa reported revenues of $3.6 billion in the quarter as compared to $3.1 billion in Q1 2018 and $2.9 billion in Q2 2017.

  • No ‘Sell’ Recommendations for Nokia Stock
    Business
    Market Realist

    No ‘Sell’ Recommendations for Nokia Stock

    Nokia (NOK) stock has returned -8% in the last 12 months, -5% in the last month, and -2.4% in the last five days. Its peers Juniper Networks (JNPR), Ericsson (ERIC), and Cisco Systems (CSCO) have returned -0.7%, 17%, and 13%, respectively, since the start of 2018. Of the 13 analysts tracking Nokia, four have recommended a “buy” for the stock, and nine have recommended a “hold.” None of them have recommended a “sell.” Analysts’ 12-month average price target for Nokia is $6.68, and their median estimate is $6.20.

  • Business
    Reuters

    BNY Mellon says client losses to hit results over next few quarters

    Bank of New York Mellon Corp's said its second-quarter results were hurt by the loss of two clients, which will continue to have an impact over the next few quarters. Shares of the world's largest custodian bank fell about 2 percent to $54.56 in premarket trading. The bank did not disclose the identity of the clients, but said it was working to add new clients.

  • Business
    Motley Fool

    Is Arconic Headed for a Private Equity Acquisition?

    In this segment from MarketFoolery, host Mac Greer is joined by Motley Fool analysts Jason Moser and Taylor Muckerman to dig into the current situation at Arconic (NYSE: ARNC), which until late 2016 was the parts manufacturing division of aluminum giant Alcoa. In the year and a half since it was spun off, the company has been underperforming expectations somewhat, but its real problems began when President Trump started heating up his trade wars.

  • 3 Top Energy Stocks to Buy in July
    Business
    Motley Fool

    3 Top Energy Stocks to Buy in July

    Gas prices are higher this July, thanks to a rise in oil prices. But while summer vacationers may not be happy about it, the energy industry -- and its investors -- are ecstatic. Even companies that aren't directly involved in the sale of gasoline are