Yahoo Finance•2 days agoTrump 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.
Business Insider•yesterdayA 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.
- The Street•yesterday
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
Yahoo Finance•yesterdayAmericans 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.
- Yahoo Finance•22 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•2 days agoAn 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.
- MarketWatch•2 days ago
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
- Business Insider•2 days ago
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.
- CNBC Videos•18 hours ago
Bitcoin Investment Trust announces stock split
CNBC's Seema Mody reports the Bitcoin Investment Trust has split the stock.
Yahoo Finance•yesterdayJPMorgan 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.
- CNBC.com•19 hours ago
Walmart's bonuses: Here's what workers will receive
Walmart announces bonuses...then sheds stores and jobs 5 Mins Ago | 02:04 Walmart announced on Thursday its plans to give out bonuses of up to $1,000 to some of its employees, following the passage of new tax legislation that slashes corporate tax rates. However, the amount each hourly worker receives will depend on his or her time with the company. (See a chart below for details.) In total, the big-box retailer and largest private employer in the U.S. will spend $400 million in fiscal 2018 to fund the one-time pay outs. Walmart said an employee's qualification for a bonus will be determined before the end of the month, "and payments will be paid as quickly as practical thereafter." Here's
- Zacks•yesterday
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•yesterdayOPEC 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.
Reuters•2 days agoExclusive: Lufthansa CEO calls for significant Alitalia cuts - letter
Lufthansa sees a need for significant restructuring at Italy's Alitalia before the German group would be prepared to buy the airline, Lufthansa's chief executive said in a letter seen by Reuters, tempering expectations for a quick deal. "While recognising the valuable measures that have been undertaken to date... we strongly believe that there remains a considerable amount of work to be achieved before Lufthansa would be in the position to enter comprehensively into the next phase of the process," Carsten Spohr said in the letter to Italian Industry Minister Carlo Calenda on Thursday. Alitalia, which has made a profit only a few times in its 70-year history, was put under special administration last year after staff rejected a plan to cut jobs and salaries.
- MarketWatch•yesterday
Why it makes more sense to rent than buy
A majority of Americans are renting on the cheap — at least, compared to what they’d be paying if they bought a home. Most Americans (64%) live in a county where renting takes up a smaller portion of one’s paycheck than buying, according to a report released Thursday by real estate data firm Attom Data Solutions. And yet in more than half (54%) of housing markets — 240 of 447 U.S. counties — buying a median-price home is actually more affordable than renting a three-bedroom property. Even if they can’t afford to buy, the majority of people are renting in areas where they get the most bang for their buck. So why the seeming contradiction? Even if they can’t afford to buy, the majority of people
- Zacks•yesterday
Zacks Earnings Trends Highlights: Citigroup, JPMorgan, Bank of America, Goldman Sachs and Morgan Stanley
• The big banks will kick-start the Q4 reporting cycle for the Finance sector, with a host of big one-time charges related to the tax law change likely making headlines in the mainstream media. • Total Q4 earnings for the S&P 500 index are expected to be up +8.8% from the same period last year on +7% higher revenues. The revisions trend for Q4 estimates has been very favorable, with earnings estimates holding up better than has been the case in any other recent period.
Associated Press•yesterdayChina 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.
- CNBC Videos•18 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.
The Street•2 hours agoWhat Is Walmart's Long Game With Sam's Club?
What in the world's going on with Sam's Club? That was the big question among Wal-Mart Stores Inc. (WMT) investors Friday, Jan. 12, a day after the superchain announced it was closing 63 Sam's Clubs throughout the country — or roughly 10% of its stable. While Walmart played off the shutterings as a shift in real estate strategy, emphasizing plans to convert 12 of those locations into e-commerce fulfillment centers for its warehouse arm, industry sources told TheStreet on Friday that Walmart has a one clear intention — to optimize its supply chain model across Walmart, Sam's Club and Jet.com. In the short term, Walmart will use those dozen warehouses to distribute Sam's Club products in online
Business Insider•18 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.
- Bloomberg•2 days ago
Bono’s Fund Makes Its First Fintech Investment, Backing Acorns
Financial technology startups are grabbing a greater share of capital from investors. Now Bono is getting in on the action. The Rise Fund, a private investment fund co-founded by the U2 lead singer, is making its first known bet on a fintech business by backing Acorns Grow Inc., the companies confirmed on Friday.
Reuters•2 days agoDropbox 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
Reuters•2 days agoCorporations may dodge billions in U.S. taxes through new loophole: experts
A loophole in the new U.S. tax law could allow multinational corporations like Apple Inc to avoid paying billions of dollars in taxes on profits stashed overseas, according to experts. Stemming from a Republican overhaul of international business taxes, the loophole involves the tax rates - 15.5 percent or 8 percent - that companies must pay on $2.6 trillion in profits they are holding abroad. By manipulating their foreign cash positions, a determining factor under the new law, a U.S. multinational could potentially save money by shifting profits to the lower rate from the higher one, according to Stephen Shay, a senior lecturer at Harvard Law School.
- CNBC.com•yesterday
The Trump-GOP tax plan is going to hurt Mexico, says BlackRock CEO Larry Fink
The Trump-GOP tax plan is going to hurt Mexico, says BlackRock CEO Larry Fink 1 Hour Ago | 01:01 The GOP tax overhaul law, which includes a cut in the rate that U.S. corporations pay, will make American businesses more competitive globally, said BlackRock Chairman and CEO Larry Fink. "One of the big problems that's going to face Mexico is the U.S. corporate tax rate is lower than Mexico," Fink told CNBC's "Squawk Box" on Friday. The Republican tax law cuts the federal U.S. corporate rate to 21 percent from 35 percent. The corporate tax rate in Mexico is 30 percent. Companies that had domiciled in Mexico for tax reasons are going to make their new tax homes in the U.S., Fink said. "That's a
- MarketWatch•3 hours ago
Oilfield-services stocks are about to stage a big rebound, Credit Suisse says
After a difficult 2017 for the energy sector, this is the right time for investors to buy shares of oilfield-services and equipment companies, according to Credit Suisse analyst James Wicklund. Shares of oilfield-services companies plummeted as crude oil prices tumbled in 2014 and 2015. But as oil rallied in 2016, the stocks were even more volatile than the commodity, as investors looked ahead. The action was brutal when the rally stalled in 2017. Here’s a four-year chart for West Texas intermediate crude oil (WTI) CL1, +1.34% : Here’s the action over the same period for the S&P 1500 Composite Oil and Gas Equipment and Services subsector: You could have made a lot of money if you had precisely
