Yahoo Finance•yesterdayTrump is changing your paycheck. Here's how.
The IRS has issued the first set of guidelines determining how every American’s paycheck will change following the tax-cut bill President Trump signed in late December. The guidelines go to employers and payroll processors, which will then adjust the amount of tax withheld from workers’ paychecks. Yahoo Finance ran the numbers and found a net drop in tax withheld in each of 11 income categories we examined.
- The Street•12 hours ago
Jim Cramer On Why Dow DuPont Is Top On His List
Video Transcript: There's Dow DuPont (DWDP) and that's slightly kept on the list. Why? Because of our belief in CEO Ed Breen. We think he's a real miracle worker. We think he's about to start unlocking value as he divides the company into three or four newly publicly traded companies. We're on the verge of this, people. Knowing Breen as I do, I think we'd be hard pressed not to like all the different companies he creates. Now, I have studied Breen for ages, and not just because he grew up in the neighboring school district to me at the exact same time I did, or that also he's a huge Eagles fan. We like what he did with Tyco, which is to keep dividing the company into different entities creating
Business Insider•22 hours agoA senior Google exec allegedly personally intervened to block an employee from discussing diversity: 'If the majority of your coworkers are Nazis, it is better if you don’t know about it' (GOOG, GOOGL)
In a newly-released memo from January 2016, a former Google engineer alleges that Senior VP Urs Hölzle personally intervened to stop him from sharing topics related to diversity. “If the majority of your coworkers are Nazis, it is better if you don’t know about it," Hölzle allegedly said. Another Google Senior VP had previously intervened to quell a contentious email thread on women in tech, the memo alleges.
Business Insider•yesterdayAn infamous mystery trader refuses to give up on a bet that the stock market will go nuts
The wager is on a large increase in the CBOE Volatility Index, which serves as the stock market's fear gauge, and has been suppressed for most of the past year. Just six weeks after rolling over a massive wager that the CBOE Volatility Index, or VIX, would surge from its subdued levels by January, the volatility vigilante has essentially extended that bet into February. Known to some as the "VIX Elephant," the mystery investor has stubbornly clung to this trade since initiating it on July 21 of last year.
- Yahoo Finance•10 hours ago
The Trump tax cuts aren’t helping CenturyLink workers
In an email to employees on Jan. 11, CEO Glen Post said, “We cannot afford merit increases across the organization at this time…. The pay freeze affects non-union employees, who account for about 64% of CenturyLink’s 39,000 workers. As Post indicates, CenturyLink has been struggling for several years, amid retrenchment in the market for broadband and networking services.
- Business Insider•yesterday
Gambling companies are cashing in on one of the hottest trends sweeping crypto
Investing in an initial coin offering (ICO) is a bit of a gamble in and of itself, so it's fitting that more gambling and gaming companies have raised money via the fundraising method than any other category. A wide-ranging report by Credit Suisse, the Switzerland-based bank found, found a "high number of gaming and gambling companies" have used the mechanism to raise money. According to the Credit Suisse report, gambling companies such as casinos have a lot to gain from blockchain and cryptocurrencies.
- Fox Business•14 hours ago
Laid-off Sam's Club employees reach out to BJ's for work
Newly laid off Sam’s Club employees have turned to BJ’s Wholesale, Inc. for work after Wal-Mart (NYSE:WMT), the retailer’s parent, announced it was closing more than 60 locations across the country on Thursday. BJ’s Wholesale Club said in a statement that it has received “numerous inquiries from Sam’s Club employees” since the news of the shutdowns were announced, adding that it is accepting resumes. “BJ’s Wholesale Club is hiring, and anyone interested in joining our team can go to bjs.com/careers or visit their local club,” the company said to FOX Business.
Yahoo Finance•16 hours agoJPMorgan CEO Dimon: Tax reform is a 'significant positive outcome for the country'
JPMorgan Chase (JPM) CEO Jamie Dimon plans to invest further as a result of corporate tax reform. “The enactment of tax reform in the fourth quarter is a significant positive outcome for the country,” Dimon said in a statement for the bank’s fourth-quarter earnings release.
- Zacks•2 days ago
5 Best Stocks with Impressive Sales Growth Worth Buying
Investors often fail to think through sales growth as a dependable metric when it comes to picking winning stocks. This might be because of their preconceived notion that a company’s stock price is typically sensitive to its earnings momentum.
- CNBC Videos•6 hours ago
Walmart plans to cut 1,000 corporate jobs
CNBC's Seema Mody reports on Walmart's plan to cut 1,000 corporate jobs.
- MarketWatch•yesterday
You can return a dead Christmas tree — and 4 other ways to hack your holiday gift returns
Holiday return policies have just reached a new audacious level. A woman at a Costco COST, +2.14% in California got the ultimate refund this week when she tried to return a Christmas tree weeks after the holiday season, “because it is dead,” a witness said on Facebook FB, -0.04% — and it worked. The customer at the wholesale store in a Los Angeles suburb said they were shocked to see somebody hauling a dead tree into the store and asking for her money back. After negotiating with the sales person, she reportedly successfully got a refund. Fresh-cut trees were being sold at Costco for around $35 this season. A woman at a Costco got the ultimate refund this week when she tried to return a Christmas
- CNBC Videos•6 hours ago
These two stocks have been untouchable in 2018
The “Fast Money” traders discusses these two untouchable stocks driving markets higher and what stocks to buy at all-time highs.
Business Insider•2 days agoRipple's XRP is exploding after announcing a partnership with MoneyGram to speed up transfers (MGI)
MoneyGram has partnered with Ripple to use its XRP cryptocurrency in money transfers. Shares of MoneyGram, the second-largest money transfer company in the world, spiked as much 12.75% Thursday after the company said it had signed a partnership with Ripple to test using the company’s XRP cryptocurrency to improve transfer settlement times and costs. XRP is climbing as well, spiking as much as 14%.
- Zacks•13 hours ago
United Technologies Moves a Step Closer to Rockwell Merger
United Technologies Corporation UTX recently moved a step closer to completing the acquisition of Iowa-based avionics firm, Rockwell Collins, Inc. COL. The strategic transaction, expected to close by the third quarter of 2018, will likely create an industry behemoth with an unrivalled competitive advantage. Yesterday, Rockwell Collins announced that more than 96% of the total votes casted for seeking the approval for the transaction, representing above 72% shareholders, voted in favor of the merger.
- barrons.com•yesterday
General Electric: No Upgrade for You!
General Electric (GE) was among the most hated stocks of 2017. And even a hot start to 2018 isn't enough for some analysts to stop throwing shade. The company is definitely making waves. Its shares have gained 1.8%, to $19.27, as of 1:13 p.m. today, putting the stock up 10.4% so far this year. That makes it the second-best performer in the Dow Jones Industrial Average, bested only by Boeing (BA), which has jumped 10.7% in 2018. Both have outperformed the Industrial Select Sector SPDR exchange-traded fund (XLI), which has gained 6.3%, to $79.26, this year. But are analysts rushing out to upgrade GE? Nope. Far from it. Of the seven analysts who have released notes on the industrial giant this year
Associated Press•2 days agoImmigration agents descend on 7-Eleven stores in 17 states
Seven immigration agents filed into a 7-Eleven store before dawn Wednesday, waited for people to go through the checkout line and told arriving customers and a driver delivering beer to wait outside. Within 20 minutes, they verified that the cashier had a valid green card and served notice on the owner to produce hiring records in three days that deal with employees' immigration status. The well-rehearsed scene, executed with quiet efficiency in Los Angeles' Koreatown, played out at about 100 7-Eleven stores in 17 states and the District of Columbia, a rolling operation that officials called the largest immigration action against an employer under Donald Trump's presidency.
Yahoo Finance•13 hours agoAmericans reveal their top money goals for 2018: is yours on the list?
According to a new report by NerdWallet, 84% of people made money-related resolutions for 2018. If you’re hoping to save money this year, you’re in good company: 60% of people listed saving money as their top goal. Paying down debt, sticking to a budget, and improving credit scores were other popular resolutions.
Reuters•2 days agoFrench NGOs file complaint against Samsung Electronics over deceptive marketing
Two French rights groups said on Thursday they had filed a complaint against South Korean tech giant Samsung Electronics Co Ltd over alleged deceptive marketing practices. The two non-governmental organizations (NGOs), Sherpa and ActionAid-Peuples solidaires, said Samsung Electronics had violated the fundamental rights of its employees in factories located in China and South Korea, contradicting commitments it had made, which it had used as a marketing tool. The complaint was filed with the Paris prosecutor against both the group and its French subsidiary Samsung Electronics France (SEF).
Reuters•14 hours agoOPEC need not rush into changing oil pact: UAE
OPEC need not respond to a rise in oil prices by rushing to change a global supply-cutting pact, United Arab Emirates Energy Minister Suhail al-Mazroui said on Friday. This year's rapid rise in oil prices, which hit $70 this week, is backed by strong demand growth and a fall in oversupply on the back of the OPEC and non-OPEC pact, not only by political tensions, Mazroui said. Mazroui said that draining the oil glut needed time to bring global oil inventories down to the industry's five-year average.
Business Insider•7 hours agoThe US government will auction off $53 million of bitcoins
At Thursday's prices, that would be roughly $1.409 million, though it's not clear whether the government auction will fetch prices below or above where the cryptocurrency is trading on other exchanges.
Business Insider•6 hours agoCadillac could be the next Tesla if General Motors markets it right (GM, TSLA)
General Motors could brand its Cadillac as the next Tesla given the right marketing ploy, Adam Jonas of Morgan Stanley said. The automotive company is undervalued because investors have not properly gauged the potential of Cadillac. The luxury vehicle's biggest market is China, representing an upside for General Motors' stock.
Associated Press•15 hours agoChina rebukes Zara, Delta for calling Taiwan 'country'
Chinese regulators rebuked fashion brand Zara, Delta Air Lines and medical device maker Medtronic on Friday for calling Taiwan a country on their websites in a fresh show of Beijing's acute sensitivity about the self-ruled island. Zara, Delta and Medtronic were ordered to remove the "illegal content" and make public apologies, airline and internet regulators said. Taiwan and the mainland split in 1949 after a civil war but the Communist Beijing government claims the island as its territory.
- Zacks•14 hours ago
The Zacks Analyst Blog Highlights: Celgene, Amgen, Exelixis, Alexion and Vertex
For Immediate ReleaseChicago, IL – January 12, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks
Reuters•yesterdayDropbox files confidentially for U.S. IPO - source
(Reuters) - Data-sharing business Dropbox Inc has filed confidentially for a U.S. initial public offering, a source close to the matter said on Thursday. The IPO will be led by Goldman Sachs Group Inc (GS.N) and JPMorgan Chase & Co (JPM
- Zacks•16 hours ago
FuelCell Energy (FCEL) Posts Narrower-than-Expected Q4 Loss
FuelCell Energy Inc. FCEL reported an adjusted loss of 17 cents per share in the fourth quarter of fiscal 2017, narrower than the Zacks Consensus Estimate of a loss of 22 cents. Further, it is also narrower than the loss of 41 cents in the year-ago period
