- MarketWatch•11 hours ago
Bitcoin steadies above $13,000, as Ripple drifts south
Bitcoin was posting modest gains on Monday, holding above the $13,000 level, while Ripple prices were coming under pressure. The bitcoin spot price BTCUSD, +2.46% was at $13,697.90, up 0.6%, according to research site CoinDesk.com. The cryptocurrency moved above $14,000 on Saturday, but has since pared those gains. On Monday, the spot price has traded between a low of $13,401.24 and a high of $13,792.21. In futures, the January bitcoin contract on the CME BTCF8, -2.01% BTCF8, -2.01% was at $13,580, down 2.6% from Friday’s settlement of $13,945. Bitcoin futures on Cboe Global Markets XBTF8, +2.18% was off 1.6% to $13,570. Across other cryptocurrencies, Ripple dropped 4% to $1.84, while Ether
Reuters•7 hours agoAirbus wins 2017 order race after last-gasp sales spree
Frenetic selling in the closing weeks of 2017 saw Airbus overhaul Boeing's recent lead in the global jet market to win their annual order contest for a fifth year in a row, though doubts remain over the future of its flagship A380. The European planemaker said net orders after cancellations rose 52 percent to 1,109 jets in 2017, vaulting past Boeing's 912.
- Investopedia•11 hours ago
3 Chipmaker Stocks Nearing Breakouts
(Note: The author of this fundamental analysis is a financial writer and portfolio manager.) After a rough finish to 2017, chipmaker stocks have come back to life as measured by the iShares PHLX Semiconductor ETF (SOXX), which has jumped by nearly 5.5%, while the S&P 500 has climbed by 4.2%. The SOXX ETF looks to be nearing a technical breakout, and that could mean big moves lie ahead for companies like Microchip Technology Inc. (MCHP), Maxim Integrated Products Inc. (MXIM) and Applied Materials Inc. (AMAT). The chart below shows how the ETF is nearing its previous peak around $182, and with the ETF trading at roughly $179, a breakout is very near. Should the ETF rise above $182, it would signal
- Fox Business•6 hours ago
Ford won’t be giving one-time tax related bonuses
Ford CEO Jim Hackett won’t be following his CEO rivals in doling out bonus payments to employees on the heels of tax reform, but says his workers will benefit anyway.“Because some of the tax moves are actually enhancing profits … employees will see a
- Zacks•8 hours ago
Raytheon Unit Wins $642M Deal for Ballistic Missile Test
Raytheon Company’s RTN Integrated Defense Systems (IDS) business segment recently secured a contract worth $641.6 million to perform Ballistic Missile Defense System (BMDS) test related activities for multiple radar platforms. Work related to this will
- Zacks•8 hours ago
Illumina (ILMN) Ties Up With Thermo Fisher for Ion AmpliSeq
Illumina, Inc. ILMN has signed a commercial agreement to distribute Thermo Fisher Scientific Inc.’s TMO Ion AmpliSeq technology to researchers who conduct studies on Illumina’s next-generation sequencing (NGS) platform.As per the terms of the agreement
- Zacks•8 hours ago
What's in the Cards for Kinder Morgan (KMI) in Q4 Earnings?
Kinder Morgan Inc KMI is expected to post fourth-quarter 2017 earnings on Jan 17.Last quarter, the company delivered an earnings surprise of 7.1%. Moreover, Kinder Morgan delivered an average positive earnings surprise of 1.8% in the last four quarters
- Investopedia•11 hours ago
Exxon Mobil May Rise 20% on the Back of Surging Oil
Exxon Mobil Corp. (XOM) shares could be headed much higher, and it will have rising oil prices to thank. Shares have the potential to increase by nearly 20% over the longer-term from its current price around $87.50, to $105. That is because the stock is nearing a technical breakout from a multi-year downtrend, on the strength of surging oil prices. (For more, see also: Exxon, Chevron and Oil Are Breaking Out.) WTI Crude oil could see its price climb by nearly 18% to roughly $76, from its current price around $64.50. The rise in oil is being triggered by improving global economics, tightening supply, and weak a U.S. Dollar. In fact, a recent article in Barron's is calling for oil to rise to $80,
Business Insider•11 hours agoXiaomi is picking banks for an IPO worth up to $100 billion
Chinese phone maker Xiaomi has begun picking banks to underwrite its public offering, which might value the firm at up to $100 billion, according to Bloomberg. The firm has sunk to fourth place in China behind Huawei, Oppo, and Vivo, but has made strong progress in India where it's one of the top three manufacturers. Xiaomi, one of the biggest smartphone brands in China, is picking banks ahead of an IPO at a possible valuation of $100 billion (£72.3 billion).
- Fox Business Videos•5 hours ago
Tax reform gave a huge jolt of confidence to this country: Fiat Chrysler CEO
FBN's Jeff Flock on Fiat Chrysler CEO Sergio Marchionne's comments on the tax reform legislation at the Detroit auto show.
- Zacks•6 hours ago
Enterprise (EPD) Hikes Dividend, Banks on Transportation
Enterprise Products Partners L.P.’s EPD board of directors has announced an increase of 3.7% on an annual basis in its quarterly cash distribution. Since Enterprise’s initial public offering in 1998, this increase marks the 54th consecutive quarterly increase and the 63rd overall distribution increase. Enterprise has an extensive network of pipeline, spread over almost 50,000 miles.
- Zacks•9 hours ago
ArcelorMittal (MT) Hits New 52-Week High on Bright Prospects
Shares of ArcelorMittal MT scaled a fresh 52-week high of $37.32 on Jan 12, before eventually closing the day at $37.16. ArcelorMittal has a market cap of roughly $36.8 billion. Shares of ArcelorMittal have soared 28.2% in the last three months, outperforming the industry’s 23.3% growth.
Business Insider•9 hours agoAn early stage startup investor made its term sheet public to increase transparency in tech investment
British venture capital firm Forward Partners has published a detailed pre-seed term sheet. The public term sheet means founders can learn what to expect from a funding deal. Early stage startup investor Forward Partners has published its pre-seed term sheet, giving entrepreneurs a detailed look at what they can expect from a funding deal.
- Zacks•8 hours ago
Will Caterpillar (CAT) Crush Estimates at Its Next Earnings Report?
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Caterpillar Inc. CAT, a firm in the Manufacturing - Construction and Mining, which could be a great candidate for another beat.This company has seen a nice
- Bloomberg•8 hours ago
Will Emirates Blink on the A380?
Employees on their way out are often tempted to be frank about long-standing corporate problems or to settle scores. Airbus chief salesman John Leahy, who's retiring this year, delivered a humdinger on Monday, saying that unless Emirates bought more A380 superjumbos, Airbus would have "no choice but to shut down the program". His intervention looks less like negotiation and more like corporate emotional blackmail, and Emirates has every right to be furious. Yet Leahy's no fool. He knows the Dubai-based carrier has backed itself into a corner on the A380 and has just as much to lose from the program's termination. Doubtless Leahy's still smarting from November's Dubai airshow, when Emirates failed
- Zacks•9 hours ago
Prothena (PRTA) Tumbles 18% in a Year: What Lies Ahead?
Shares of Prothena Corporation PRTA lost 18.1% over a year as against the industry’ gain of 3.1%. The company suffered a setback in 2017 when the company decided not to continue with the development of psoriasis candidate, PRX003. Although the primary
Oilprice.com•22 hours agoCan The Oil Price Rally Continue?
Oil prices took a breather in early trading on Friday, raising questions over what will happen next. Inventories continue to fall, with the EIA reporting another strong drawdown in crude stocks for the week ending on January 5. At 419 million barrels and falling, U.S. crude inventories have not been this low since early 2015.
- CNBC Videos•17 hours ago
VW leads at the Detroit auto show with the Jetta
Michelle Krebs of Auto Trader says that VW is working to gain back trust as it leads with the Jetta at the Detroit auto show.
- Zacks•10 hours ago
3 Strong Buy Schwab Mutual Funds for Marvelous Returns
Founded in 1989, Charles Schwab Investment Management, Inc. provides diverse investment products to its clients, including institutional and private investors. Charles Schwab Investment’s assets under management were more than $324.4 billion as of Sep 30, 2017. The company has been in business for more than 25 years and is presently a major provider of individual mutual funds.
- TheStreet.com•4 hours ago
3 Game-Changing Areas Where Warren Buffett Should Spend Berkshire's Tax Windfall
Obviously, Buffett, a spry 87 years old, is not going anywhere, but with Ajit Jain and Gregory Abel now one rung below Buffett on the Berkshire ladder, the list of the Oracle's potential successors is effectively two. Berkshire is a collection of mostly slow-growing, domestically-focused businesses with relatively strong cash flow margins and virtually no technological advantages to speak of. The market has recognized this, and as of the close of trading on Jan. 10 Berkshire's A and B shares have outperformed the S&P 500 in the trailing one-month, three-month and one-year periods while still lagging over the three-year and 10-year periods.
- Zacks•6 hours ago
Oracle Extends Alliance With Samsonite for Cloud Services
Oracle Corporation ORCL recently announced extension of its alliance with Samsonite Europe, following which the latter will integrate Oracle’s Order Broker Cloud Service to enhance customer experience.Through various alliances and partnerships with the
- Zacks•10 hours ago
Roche MS Drug Ocrevus Gets Marketing Authorization in Europe
Roche Holdings RHHBY announced that the European Commission (EC) has granted marketing authorization for multiple sclerosis (MS) drug Ocrevus.The drug is approved for patients suffering from active relapsing forms of multiple sclerosis defined by clinical
- 24/7 Wall St.•10 hours ago
All Car Makers Go All In With Electric Cars
Ford Motor Co. (NYSE:F) management recently said the company is "all in" on electric cars. Executive Chairman William Ford told reporters, “The only question is will the customers be there with us and we think they will.” He skipped the nagging problem that every other major car maker is "all in" on electric cars as well. Ford's investment means a large part of its fleet will be electric within five years.
- The Street•yesterday
As Gold Hits 3-1/2-Month High, One Expert Says Big Money is Behind Metal
Gold prices were solidly higher on Wednesday as the metal hit a 3-1/2 month high, remaining above the key support level of $1,300 an ounce. Since the U.S. Federal Reserve Rate hike in December, the metal has managed to rally close to 6%. But Peter Hug, global trading director for Kitco Metals, is waiting for the road to fully clear. "I am not a complete bull on this market yet. I would like to see a close above $1,322 to create more momentum to the upside- it has failed three times before so until it clears that level, I am still neutral at this level," Hug said on Wednesday "I think the overnight news of China backing away from U.S. bond buying was the main catalyst to cause gold to ratchet
- Zacks•9 hours ago
Williams Companies' Constitution Pipeline Hits a Roadblock
The Williams Companies, Inc.’s WMB Constitution Pipeline project recently suffered a major setback when the Federal Energy Regulatory Commission (FERC) refused to rescind New York’s denial of a water permit to the project. Williams Companies applied for the water permit in August 2013. However, the company withdrew and resubmitted the application twice, which led to the resetting of the one-year deadline by New York Department of Environmental Conservation (DEC). In 2016, the DEC announced its decision not to grant the water permit to Williams Companies.
