Reuters•9 hours agoJPMorgan's Dimon regrets calling bitcoin a 'fraud': Fox
Dimon, known for his candid comments, slammed the viability of bitcoin in September. "The currency isn't going to work. You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart," he had said at a conference.
Business Insider•yesterdayRipple’s XRP cryptocurrency is plunging
Ripple's XRP, the third largest cryptocurrency by market cap, slumped as much as 20% Monday morning as all three of the world’s largest digital tokens came under pressure. XRP is currently trading at $2.32, according to data from Markets Insider, and
- Bloomberg•23 hours ago
Glaxo CEO Replaced 50 Top Managers in Shakeup to Spur Growth
GlaxoSmithKline Plc’s new chief executive officer, Emma Walmsley, has revamped the top ranks of the U.K.’s largest drugmaker, replacing about 50 of the top 125 managers since taking over last year. In changing 40 percent of Glaxo’s top executives, Walmsley has hired people from the outside while promoting others from within, the London-based company said Monday by email. She’s seeking to bring new ideas and skills, and to increase diversity to the team, according to the company. The moves show that Walmsley, who took the helm in April, has been making deep changes in the layers of management, well beyond the recent appointments of Luke Miels as head of the pharmaceuticals unit, Hal Barron as
- U.S.News & World Report•yesterday
The Ugly Truth About Retirement Savings Shortfalls
A new study notes the U.S. retirement savings shortfall is worse than even the most pessimistic onlookers may think. The study by the National Institute on Retirement Security, using data from the U.S. Federal Reserve, shows that retirement savings "are dangerously low" and that the U.S. retirement savings deficit is between $6.8 and $14 trillion. Worse, the median retirement account balance is $3,000 for all working-age households and $12,000 for near-retirement households, the study reports.
- barrons.com•9 hours ago
Schlumberger: About That Dividend Increase…
Bernstein's Colin Davies and Laura Tao take a look at Schlumberger (SLB) on Tuesday, writing that while under normal circumstances, the company would be considering raising its dividend when it reports fourth-quarter earnings, it's far from certain at this point. They reiterated an Outperform rating and $80 price target on the stock, but they don't have good news for income-oriented investors. They write that Schlumberger did raise its dividend during the last two commodity cycles, about two years after the price of oil inflected and about one year after its own sales inflect, and typically those increases came in January. Yet this year, after accounting for existing capital commitments, they
- Fox Business Videos•8 hours ago
Battery technology allows 700-mile range on one-minute charge: Henrik Fisker
Fisker CEO Henrik Fisker on the company's electric car battery technology.
- Bloomberg•22 hours ago
Wall Street's Rising Euphoria May Spell Trouble for Stock Market
Euphoria on Wall Street that stocks can just keep on building on record highs is getting so stratospheric that it’s reaching levels that previously signaled a slump. While the upgrades could be taken as a positive reflection on the economy’s outlook, in the past such bullish analyst sentiment has served as a precursor to a market decline. Just before analyst sentiment peaked, stock prices also topped out, and the index slid more than 15 percent.
- Fox Business•8 hours ago
Apple special dividend coming? Makes sense, says Gene Munster
Trump’s tax plan has already rewarded millions of American workers now in line to receive cash bonuses and other financial perks, thanks to CEOs from the likes of AT&T (NYSE:T), Visa (NYSE:V) and Bank of America (NYSE:BAC) all showing their appreciation for a 21% corporate tax rate instead of the previous 35%. Next, Apple (NASDAQ:AAPL) CEO Tim Cook, who helms the company with the world’s deepest pockets, may be among the more prominent executives queuing up to reward investors with a windfall in the form a one-time special dividend. “It is the most logical use case for Apple’s cash,” said Gene Munster, managing partner of Loup Ventures, during an interview on FOX Business’ “Varney & Co.” from the Consumer Electronics Show in Las Vegas.
Business Insider•yesterdayHere’s why cryptocurrencies are getting smoked on Monday
A data adjustment by CoinMarketCap caused cryptocurrency prices to drop on Monday. Prices of the world’s largest cryptocurrencies appeared to take some major hits on Monday morning after CoinMarketCap.com, arguably the most popular and important site for cryptocurrency pricing data, opted to remove South Korean exchanges from its data sources. Cryptocurrencies have been known to trade at significant premiums in South Korea, often times many magnitudes higher than on other exchanges, due to localized demand and strict national controls on capital movement.
Associated Press•yesterdayRetail workers feel disruption from shifting shopper habits
The retail industry is being radically reshaped by technology, and nobody feels that disruption more starkly than 16 million American shelf stockers, salespeople, cashiers and others. The shifts are driven, like much in retail, by the Amazon effect — the explosion of online shopping and the related changes in consumer behavior and preferences. A Walmart worker dashes in and out of the grocery aisles, hand-picks products for online shoppers and brings them to people's cars.
- Bloomberg•15 hours ago
Volvo Car Owner on Track to Double Profit Riding China Auto Boom
The Chinese owner of Volvo Car said full-year profit at its local automaking unit probably doubled, topping analysts’ estimates and allowing billionaire founder Li Shufu to turn his focus to another major acquisition in Sweden. Net income last year at Geely Automobile Holdings Ltd. increased "around 100 percent" from the 5.11 billion yuan ($782 million) in 2016, the Hong Kong-listed unit of Li’s Zhejiang Geely Holding Group Co. said Tuesday in an exchange filing. Geely forecast deliveries will rise 27 percent to 1.58 million units this year after a surge in demand in 2017, which may place the company as the biggest-selling domestic brand in China, according to analysts. Last month, the parent company Zhejiang Geely Holding announced purchasing a stake in Swedish truckmaker Volvo AB.
Reuters•yesterdayGoPro says open to sale but not actively pursuing
The comments followed reports by several media outlets, including Reuters, that GoPro had hired J.P. Morgan to help it with a sale process, as the one-time Wall Street favorite battles falling demand for its sports cameras and drones. The company's shares, which fell as much as 33 percent to a record low of $5.04 on Monday, recouped some of their losses after the sale talks were first reported by CNBC.
Associated Press•3 hours agoKodak surges at it becomes latest 'cryptocurrency' convert
Kodak, which traces its roots to the early days of film-based photography, is getting into the digital licensing and cryptocurrency market as part of a partnership with WENN Digital. The companies are launching blockchain technology with KodakOne and KodakCoin. Blockchain is a ledger where transactions of digital currencies, like bitcoin, are recorded.
Yahoo Finance•yesterdayConfessions of a former hacker: 5 techniques to make you more secure online
In this new video series,“Confessions…” Yahoo Finance interviews Mitnick to find out what security measures he takes to safeguard his own personal information online. Mitnick recommends spending $200 on a Chromebook as an affordable and easy-to-use alternative to a tablet.
- Zacks•6 hours ago
Why Nvidia Has Already Won CES 2018
(0:30) - Las Vegas CES 2018(2:15) - Nvidia Partners With Uber On Driverless Cars(4:40) - High End Gaming Displays(7:30) - Should You Buy Nvidia?(9:30) - Episode Roundup: Podcast@Zacks.comOn today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney
Reuters•yesterdayBitcoin is an asset, not a currency: Israel's central bank
Israel's central bank said on Monday it would not recognise virtual currencies such as bitcoin as actual currency and that it was difficult to devise regulations to monitor the risks of such activity to the country's banks and their clients. Deputy Governor Nadine Baudot-Trajtenberg said there had been public complaints Israeli banks were making it difficult for some customers to transfer money from their accounts to buy bitcoin. Other central banks faced the same problem.
- CNBC Videos•yesterday
Now is the time to buy the biggest stock in the market, s...
Carter Worth, Cornerstone Macro, discusses the best time to buy Apple. The “Fast Money” traders weigh in.
- Fox Business•6 hours ago
Red Robin eliminates bus boys as restaurants combat minimum wage hikes
At the beginning of January, minimum wage increases took effect in 18 states and 20 cities across the nation, and some industries are struggling to keep pace with rising labor costs. Late Monday, casual dining chain Red Robin Gourmet Burgers (NASDAQ:RRGB) announced that it would eliminate bus boys at 570 restaurant locations, a move that is expected to save the company an estimated $8 million over the course of the coming year. “I read that as minimum wage,” Michael Saltsman, director of the Employment Policies Institute (EPI), told FOX Business.
- Zacks•yesterday
Silicon Motion (SIMO) Reports Preliminary Results for Q4
Silicon Motion Technology Corporation SIMO recently reported preliminary fourth-quarter fiscal 2017 results. The company anticipates revenues at the high end of the previous guidance of $130-$136 million issued on Oct 27, 2017. The Zacks Consensus Estimate
- Zacks•10 hours ago
The Zacks Analyst Blog Highlights: 3M, Caterpillar, McDonald's, Procter & Gamble and Microsoft
Stocks recently featured in the blog include 3M Company MMM, Caterpillar Inc. CAT, McDonald's Corporation MCD, The Procter & Gamble Company PG and Microsoft Corporation MSFT. With the Dow breezing past the 25,000 milestone, President Trump believes even 30,000 is possible. The blue-chip index has relentlessly soared to record highs in the past year and has nearly quadrupled in value from the financial crisis in 2009.
- Yahoo Finance•yesterday
The biggest misconceptions about bitcoin
The price of bitcoin rose 1,221% in 2017. Here are three of the most common misconceptions about bitcoin. Bitcoin brokerages that are above-board are all licensed in some manner: Coinbase registered as a “money services business” with FinCEN, the Financial Crimes Enforcement Network, while Gemini registered as a “trust” with NYDFS, the New York Department of Financial Services.
- U.S.News & World Report•yesterday
Nike Inc (NKE) Is Returning To Double-Digit Earnings Growth
Now that analysts see signs of stabilization in the U.S. athletic apparel market, Nike has several positive catalysts that could drive the stock to new highs in 2018. As of the most recent quarter, Nike was still struggling to produce growth in North America, reporting a 5 percent decline in North American revenue. Nike investors may finally be able to shift their attention away from the landscape and back to Nike's best-in-class balance sheet and business execution.
Bloomberg•yesterdayBitcoin Is Tumbling Again
Bitcoin slumped as much as 14 percent as the world’s largest cryptocurrency continues to be whipsawed by concerns about regulation and demand from Asia. "The fuss about regulators tightening screws in South Korea is pushing the price of bitcoin,” saidNaeem Aslam, chief market analyst at TF Global Markets in London. China plans to limit power use by some bitcoin miners, people familiar with the matter said last week, a potential challenge to an industry whose energy-intensive computer networks enable transactions in the cryptocurrency.
- Zacks•yesterday
Top Stock Picks for the Week of January 8th
NVIDIA Corporation NVDA, is the worldwide leader in graphics processors and media communications devices. This Zacks Rank #1, Strong Buy, stole the limelight at this year’s Consumer Electronics Show in Las Vegas. The company announced important initiatives
- MarketWatch•8 hours ago
What this financial adviser learned about retirement when she retired
As Ellen Siegel transitions into retirement, she’s experiencing the push and pull of giving up her 37-year career as a financial planner. On the one hand, the 68-year-old loves the freedom that comes with less workaday commitments. But she also admits that it’s tough to jettison a job she knows so well. “It’s hard to let go,” said Siegel, a semiretired Certified Financial Planner in Miami. In 2016, she started moving from what she calls “a six-day workweek to a three-day workweek.” “I enjoy the work and the clients,” she said. “But I’m getting older and I have other interests, like doing environmental education. I want to do more of that while I still can.” Advisors spend countless hours helping
