Reuters•19 hours agoSears Holdings to close 103 Kmart and Sears stores
Sears Holdings Corp (SHLD.O) said on Thursday it was shuttering 103 unprofitable Kmart and Sears stores as it continues to streamline operations amid mounting debt and a string of quarterly losses. The department store operator, which has racked up 24 straight quarters of sales declines, said 64 Kmart stores and 39 Sears stores would be closed between early March and early April this year. Sears Holdings, once the largest retailer in the United States, said at the end of October that it operated 1,104 stores, nearly half the 2,019 stores it ran in 2012.
- MarketWatch•47 minutes ago
4 simple and effective ways to help a young person get a jump on retirement
There’s plenty of stressful news these days, and by and large I’m used to hearing or reading about unpleasant developments. But I was particularly alarmed by a report this fall that Congress was considering drastic cutbacks in the contribution limits to 401(k) and similar retirement plans. Currently, the maximum annual contribution to such plans is $18,500 ($24,500 for workers age 50 and older). These contributions are tax-deferred, meaning the money isn’t taxed until it is withdrawn, presumably after retirement when workers may be in lower tax brackets. Some House Republicans were thinking of reducing tax free or tax deductible contributions to as little as $2,400. The difference between death
- Investopedia•6 hours ago
Transocean Stock Breaks Out After AP Report on Trump's Plans
Transocean Ltd. (RIG) shares moved more than 5% higher on Thursday amid reports that the Trump Administration was planning to "sharply" expand offshore drilling. According to an Associated Press report, more U.S. coastal waters would be open to exploration, including the Pacific Ocean for the first time in decades. The total new exploration area is expected to amount to more than one million acres, which bodes well for many rig firms. While Transocean, Noble Corporation plc (NE), Parker Drilling Company Inc. (PKD), Rowan Companies plc (RDC) and other industry players rallied following the news, it is worth noting that the plan faces a lot of opposition that could complicate its implementation.
- TheStreet.com•2 hours ago
Cisco Systems Is Entering a Major Transformation That Investors Should Like
Tech has been a hot commodity so far in 2018, with the PowerShares QQQ ETF already rallying about 3.3% this year. Cisco Systems has helped the cause, piecing together its own 3% rally to start the year. Helping matters on Friday morning is an upgrade
- CNBC Videos•yesterday
Appaloosa's David Tepper: I don't see overvaluation in th...
CNBC's Scott Wapner reports on his conversation with David Tepper, Appaloosa, about his bullish look on the market. The “Fast Money Halftime Report” traders weigh in.
The Street•22 hours agoGE Could Be Ready to Make Up for Lost Time as Dow Crosses 25,000
We're only finishing up the first trading week of 2018, and it's already proving eventful. For starters, stocks are following through on 2017's uber-bullish price action. The Dow Jones Industrial Average crossed the 25,000 level for the first time in history this week, and investors are looking to even more upside in the year ahead. But the best-performing Dow component this year may surprise you. It's not last year's high flyer Boeing Co. (BA) , or tech giant Apple Inc. (AAPL) . It's serial laggard General Electric (GE) . GE is up around 6.5% year-to-date, outperforming the rest of the market in a big way in the early days of 2018. And as GE's chart shows now, this could just be the beginning
- CNBC.com•yesterday
One of the biggest Dow dogs of 2017, Exxon, may be in for a turnaround
Trading Nation: Buy the energy bounce? 21 Hours Ago | 02:45 Some of the biggest Dow dogs are howling this year, and one market watcher sees further upside ahead for one name in particular: Exxon Mobil. After falling 7 in 2017, Exxon shares have rallied 4 percent this week. With a dividend yield of 3.54 percent, the stock is one of the biggest Dow dogs; the classic investing theory calls for buying the Dow stocks with the highest dividend yields. Exxon was positive for the third straight day on Thursday; the energy space appears well-positioned on an intermediate- and long-term basis, said Matt Maley, equity strategist at Miller Tabak, though Exxon is overbought on a near-term basis. Toward
- Money Talks News•11 hours ago
9 Tax Breaks You Can Still Claim for 2018
Your 2017 income tax return is the last chance to claim a number of federal income tax deductions that the tax overhaul killed off. Federal income deductions that weren’t killed off by the tax overhaul met one of three main fates.
- Investopedia•yesterday
The H-1B Visa Issue Explained
President Donald Trump's views on illegal immigration have been widely circulated and commented upon, and the Muslim ban led to protests. But it's his position on highly skilled foreigners working in the U.S. that has a few companies and their investors concerned. An internal memo circulated in the Department of Homeland Security (DHS) has sparked worries about stricter H-1B visa regulations once again. According to media reports, the Trump administration is considering disallowing H-1B visa extensions after the first 3-year extension. Extensions are requested by employers on behalf of immigrant employees with pending green card applications. Trump has called the temporary nonimmigrant H-1B visa
- Zacks•6 hours ago
The Zacks Analyst Blog Highlights: Apple, Facebook, NVIDIA, Micron Technology and Broadcom
Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Apple AAPL, Facebook FB, NVIDIA NVDA, Micron Technology, Inc. MU and Broadcom Limited AVGO. Today, Zacks is promoting its ''Buy'' stock recommendations.
Business Insider•yesterdayMarijuana stocks are getting slammed after report says Jeff Sessions plans to roll back legal pot rules
US Attorney General Jeff Sessions plans to roll back rules that paved the way for states to legalize marijuana, AP reported Thursday. Marijuana stocks slumped after the Associated Press reported Thursday that US Attorney General Jeff Sessions plans to roll back Obama-era federal policies that paved the way for states to legalize marijuana, citing anonymous sources familiar with the matter. Several of the largest cannabis growers and other marijuana-related stocks took a hit in trading Thursday, reversing gains earlier in the week from California’s full legalization of recreational marijuana.
- Fox Business•yesterday
McDonald's relaunches 'Dollar Menu' amid fast food wars
McDonald’s is launching a new incarnation of its famed “dollar menu” on Thursday as competition between fast-food chains to appeal to value-minded consumers intensifies. The introduction of the “$1 $2 $3 Dollar Menu” marks the first time McDonald’s has used the pricing structure since it discontinued the original dollar menu in 2013. Sausage McGriddles, buttermilk crispy tenders, small McCafe beverages and Bacon McDoubles will be sold for $2.
- Zacks•yesterday
Rite Aid (RAD) Q3 Earnings Beat, Stores Transfer on Track
Rite Aid Corporation RAD reported third-quarter fiscal 2018 results, which marked a considerable improvement from the company’s recent trend. After posting in-line earnings last quarter, the company’s break-even results topped the Zacks estimate in the
- Zacks•yesterday
5 Best Efficient Stocks to Buy in 2018
Efficiency, which is the ability to transform inputs into outputs, is a potential indicator of a company’s financial health. Companies with favorable efficiency levels are likely to be on investors’ radar irrespective of market conditions. This is because a company with a favorable efficiency level is expected to provide impressive returns as it is believed to be positively correlated with the company’s price performance.
- CNBC Videos•6 hours ago
These 5 stocks could fuel market to new highs
CNBC's Dominic Chu takes a look at five stocks that could bring the market to the next record level if they hit their target price.
Business Insider•1 hour agoRipple’s XRP hits an all-time high, sending cofounder's wealth soaring
XRP, a cryptocurrency by Ripple, reached new highs on Thursday. The massive jump in value — up more than 1300% since December — has made multimillionaires out of the lucky few who own massive amounts of the cryptocurrency. Chris Larsen, who cofounded Ripple Labs (now just known as Ripple) in 2012, owns 5.19 billion XRP, or 13% of the total XRP in circulation, the company told Business Insider on Tuesday.
- Phoenix Business Journal•yesterday
See where Macy’s is closing more stores
Macy’s Inc. (NYSE: M) announced this morning it is closing 11 more department stores. The move is part of Macy’s closing 100 stores nationwide. With the latest closures, Macy’s will have closed 81 stores in that effort. None of the new 11 closures are in Arizona where Macy’s has nine stores. The department store chain has closed 124 stores since 2015. Macy’s executives also said they would be adjusting staffing levels at a number of stores. Among the newest batch of shuttering stores are Macy’s in California, Florida and Idaho. (See the list below). Macy’s reported same-store sales improved 1.1 percent in November and December compared to last year. But the department store chain is still down
- barrons.com•3 hours ago
Xilinx, Nvidia Best ‘Idiosyncratic’ Chip Names in 2018, Says Goldman
Shares of programmable chip maker Xilinx (XLNX) are up $2.91, over 4%, at $73.40, as the Street responds favorably to the company’s announcement late yesterday its chief executive, Moshe Gavrielov, will retire this month, passing the reins to Victor Peng, a 10-year veteran of the company who has been serving as chief operating officer. Interestingly, Xilinx is one of the few bright spots that Goldman Sachs’s Toshiba Hari sees in 2018, after concluding that semiconductor stocks will not outperform for a third year in a row in 2018. With the median return of chip makers, and chip-equipment stocks, at 58% for 2017, and with expansion in stock multiples to 15 times at the end of the year from 14.9 times a year earlier, on average, Hari now sees multiple risks to the group.
- MarketWatch•3 hours ago
All of the important Dow milestones in one chart
A previous version of the graphic in this article incorrectly listed the date on which the Dow crossed 20,000. The Dow has made history, yet again, to start off the new year. The Dow hit five of these psychologically important 1,000-point milestones in 2017, representing the largest number of such milestones within a calendar year in the benchmark’s 120-plus-year history, according to the WSJ Market Data Group.
- Zacks•5 hours ago
CVS Health's (CVS) Outlook for 2018 Cheered by Investors
Shares of CVS Health CVS rose 2.64% in the last trading session to close at $75.13, following the company’s announcement of a promising 2018 earnings outlook. Per management, banking on solid growth in scripts and claims, increasing purchasing power due to the Red Oak venture, and rising net benefits from the company's reorganization initiative, CVS Health expects to witness net revenue growth in the range of 0.75-2.5% for full-year 2018. CVS Health has also been striving to return to growth in the Retail/LTC business.
- Zacks•5 hours ago
Options Traders Expect Huge Moves in Plains All American Pipeline (PAA) Stock
Investors in Plains All American Pipeline, L.P. PAA 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.
- Associated Press•11 hours ago
Some examples of TV price hikes in the new year
Cable and satellite TV companies raise prices every year to pass along what they say are rising fees charged by TV networks.Here are some examples of what companies are doing:— AT&T is raising DirecTV's prices by up to $8 a month in mid-January.— CHARTER
Business Insider•9 hours agoMark Zuckerberg says Facebook is looking into how it can use cryptocurrency (FB)
Facebook CEO Mark Zuckerberg says he will research cryptocurrency in 2018. The goal is part of his yearly personal challenge, which is mainly focused on fixing Facebook's problems. The head of Facebook Messenger is joining the board of the cryptocurrency exchange Coinbase.
Reuters•19 hours agoSouthwest Airlines to pay $15 million to settle price collusion lawsuit
U.S. District Judge Colleen Kollar-Kotelly in Washington, D.C. granted preliminary approval on Wednesday for the accord with the Dallas-based carrier. Southwest denied wrongdoing but said it settled to avoid the cost and distraction of further litigation. It is the first defendant to settle and agreed to help the plaintiffs with their case against the remaining defendants, which are American Airlines Group Inc (AAL.O), Delta Air Lines Inc (DAL.N) and United Continental Holdings Inc (UAL.N).
- Zacks•5 hours ago
Apple Deploys Mitigations to Contain Meltdown and Spectre
Apple Inc. AAPL recently announced that Macintosh and iOS-based devices are vulnerable to the recently discovered security issues — Meltdown and Spectre. The iPhone-maker has already issued mitigations against Meltdown in iOS 11.2, macOS 10.13.2, and tvOS 11.2. Notably, the security issue doesn’t affect Apple Watch.
