Yahoo Finance's LIVE stock market coverage and analysis.
Yahoo Finance's LIVE stock market coverage and analysis.
JPMorgan Chase Co.’s (JPM)chief executive, Jamie Dimon, was the highest-paid CEO in the U.S. banking sector last year, snagging a tidy $28.3 million in total compensation, up 3.9% from the previous year, according to S&P Global Market Intelligence. Bank of America Corp. (BAC)CEO Brian Moynihan came in second place with total compensation of $21.3 million, according to the data company, followed by Michael Corbat, CEO of Citigroup Inc. (C) , who took home $17.8 million. The surprise: Fourth place went to Timothy Sloan of Wells Fargo & Co. Inc. (WFC) , who took home $17.5 million, even as his bank continued to slowly recover from a series of scandals involving the creation of unauthorized accounts and imposition of other products and fees on unsuspecting customers.
The largest marijuana deal in history, with Aurora Cannabis acquiring CanniMed Therapeutics for $852 million, followed by Aurora's offer to buy Ontario-based MedReleaf for $2.5 billion. Two over-the-counter-listed Canadian pot stocks – Canopy Growth Corporation (NYSE: CGC) and Cronos Group -- uplisted to reputable exchanges in the United States. Vermont became the first U.S. state to legalize the use of recreational marijuana entirely through the legislative process.
The implementation of the stockholder rights plan, which aims to stop investors from amassing more than a 15 percent stake in the company, follows Schnatter's resignation as chairman in a row over his use of a racial slur in an internal conference call. Shares of the pizza chain fell as much as 6 percent on the reports of Schnatter's comments and his subsequent resignation. One highly-rated Wall Street analyst on Papa John's, Stifel's Chris O'Cull, cut his rating on the stock to "sell", from "hold", saying that the company was in a precarious position — "needing a strategic savior but struggling to find one willing to underwrite a transaction given the brand damage." "The rights plan is intended ... to protect the interests of the company and its stockholders by reducing the likelihood that any person or group gains control of Papa John's through open market accumulation or other tactics without paying an appropriate control premium," the company said on Sunday.
To Iranian President Rouhani: NEVER, EVER THREATEN THE UNITED STATES AGAIN OR YOU WILL SUFFER CONSEQUENCES THE LIKES OF WHICH FEW THROUGHOUT HISTORY HAVE EVER SUFFERED BEFORE. “Mr. Trump, don’t play with the lion’s tail, this would only lead to regret,” Rouhani said, according to Reuters, citing Iranian state news. Trump recently withdrew the U.S. from an Iranian nuclear deal forged by his predecessor, President Barack Obama, along with the leaders of the United Kingdom, France, and other major international powers.
Here's how the Millennial habit known as "ghosting" has moved beyond the dating world and into the workplace #tictocnews More from Bloomberg.comTrump Lines Up Fed Chairman as Fall Guy If Tax
Shares of Tesla Inc fell as much as 6.6 percent on Monday after a report that the electric car maker has turned to some suppliers for a refund of previously made payments in a bid to turn a profit. Tesla has asked some suppliers to refund money paid by the electric car maker since 2016, the Wall Street Journal reported https://www.wsj.com/articles/tesla-asks-suppliers-for-cash-back-to-help-turn-a-profit-1532301091?mod=hp_lead_pos4 on Sunday citing a memo. The memo, which the paper said was sent by a global supply manager, described the request as essential to Tesla's continued operation and characterized it as an investment in the car company to continue the long-term growth between both players.
Bitcoin's (BTC) price clocked a two-month high of $7,820 today and looks set to extend gains further, a key cryptomarket gauge indicates. CoinMarketCap'sÂ bitcoin dominance rate, an indicator that tracks the percent of the total cryptocurrency market capitalization contributed by the leading cryptocurrency, rose to 46 percent today â the highest level since December 20Â â adding credence to BTC's 20 percent rally seen in the last seven days. To start with, a rise in the BTC dominance rate essentially means the number one cryptocurrency is more in demand compared to the alternative cryptocurrencies.
On Friday, Doug Kass announced that he is in the process of liquidating most of his long positions. He is holding onto some gold and inverse ETFs. Doug has a long list of arguments for his move that sound quite compelling. There is no question that
AT&T's Q2 2018 Results Are Set to Release Next Week: What to Know (Continued from Prior Part) Technical indicators In the previous article, we examined Wall Street analysts’ latest recommendations for AT&T (T) stock. The majority of analysts are
Gilead Sciences, Inc. (NASDAQ: GILD) and Celgene Corporation (NASDAQ: CELG) have both produced tremendous gains for long-term shareholders. The past three years haven't been total disasters, but Gilead's underperformed the benchmark S&P 500 index by 67% and Celgene's fared slightly worse. About a year ago, AbbVie Inc. (NYSE: ABBV) earned approval for an effective hepatitis C virus (HCV) treatment to compete with Gilead's and launched it at a price that caught the market leader off guard.
It's a smart question to contemplate, because the last thing you want to do is pull the trigger on retirement only to find that you haven't saved enough for it. Estimating your retirement expenses, however, is easier said than done, because there are so many variables involved. If we go the optimistic route and assume a 30-year retirement, that means the typical senior is looking at $1.38 million in spending all in.
It's been easy come, easy go for Blue Apron Holdings (NYSE: APRN) investors over the past two weeks. HelloFresh -- Blue Apron's more successful rival -- announced that it became the first meal-kit company to be Safe Quality Food or SQF certified. Another news item coming up as a potential reason for Blue Apron's sharp drop was that Prime Day drew attention to Whole Food Market.
Cannabis Sector Continued to Slide Last Week Cannabis sector last week The cannabis sector continued to slide last week. The benchmark Horizons Marijuana Life Sciences ETF (HMMJ) declined 9.2% between July 13 and July 20. Similarly, the Emerging Marijuana
Dark Clouds Hovering over P&G Stock ahead of Fiscal Q4 Results (Continued from Prior Part) Ratings and target price lowered Analyst ratings and the target price have deteriorated for Procter & Gamble (PG) stock in the past three months since the company
PayPal (NASDAQ: PYPL) has been on a solid run so far this year, up 20% compared to the broader market's 5% gain. Investors have high hopes that the company can continue its winning ways, following several announcements that it's expanding its ecosystem with the acquisition of a slew of complementary companies -- snatching up four companies in just five short weeks. Investors will be looking for additional details when the company reports the financial results for its just-completed 2018 second quarter on Wednesday, July 25, after the market close.
Tech stocks are still where the best action is at. This made us wonder: how is the top analyst on Wall Street choosing to invest? TipRanks -- a platform that ranks Wall Street analysts on financial calls -- pinpoints Canaccord's Richard Davis as the Street's best-performing analyst.
This weekend's Barron's cover story questions whether the rush to direct-lending funds is overdone. Other featured articles discuss changes coming to the telecom sector and the state of the industrial sector. "Wall Street Rushes Into a New Asset Class" by Mary Childs discusses why hedge funds, private equity firms and asset managers have flocked to the market for loans for companies that are either too small or too risky to be bank clients.
Not only does natural gas pipeline giant Kinder Morgan currently yield an attractive 4.5%, but that payout is also on an increasingly improving foundation. For starters, the company expects to generate enough cash flow this year to cover its dividend and fund all its growth-focused spending with about $500 million to spare. Especially since the company expects to grow its dividend 25% per year in 2019 and 2020, which means it will yield almost 7% in 2020 if shares don't budge.
Advanced Micro Devices, Inc.'s ( AMD) stock is about to go on an even bigger ride than the stock has had thus far in 2018. Later the company reported blockbuster results at the end of April, and since then shares have surged by more than 73%, rising to $16.50. The options market suggests that massive volatility will pick up again after the company reports second-quarter results on July 25 after the close of trading.
According to a recent survey, most Americans don’t know at what age they can receive full retirement benefits from Social Security. Over 40 percent of Americans do not know what IRA stands for. Saving for retirement doesn’t come easy for the majority of Americans, and neither did the answers to a short but tricky retirement quiz.
Tesla may have finally hit its production target of the Model 3, but the company is not yet out of the woods. According to a report from The Wall Street Journal, Tesla has asked suppliers to refund part of the money it’s previously paid to them. The WSJ calls the sum “meaningful,” and reports that the refunds are on payments made since 2016.
Papa John’s International Inc.’s embattled founder John Schnatter plans to reach out to shareholders to rally support as he tries to avoid being banished from the company’s board, according to a person familiar with the matter. Schnatter, who resigned as chairman recently after coming under fire for using a racial slur, wants to help map the pizza chain’s comeback from a sales slump and is determined to hold onto his board seat even as the company tries to distance itself from its controversial founder, according to the person who asked not to be identified because the plans are private. Papa John’s didn’t immediately respond to a request for comment.
The Papa John's board of directors has adopted a limited-duration stockholder rights plan to prevent the company's founder, John Schnatter, from taking control of the company. Schnatter resigned as chairman of the board earlier this month after he admitted to using a racial slur on a conference call. The pizza chain Papa John's has adopted a so-called poison pill designed to prevent the company's founder, John Schnatter, from taking over the company.
Investors in Square, Inc. SQ need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? 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.
The first six months of Apple's (NASDAQ: AAPL) current fiscal year -- that's fiscal year 2018 -- have been quite strong. The Mac business has been something of a drag on the results, though, with revenue down 3% during the first half of fiscal year 2018. With Apple soon set to report its financial results for the third quarter and provide guidance for the following quarter, here are some things that investors should keep their eyes on.