Associated Press•40 minutes agoAmazon releases finalist cities for second headquarters
Amazon narrowed the list of locations under consideration for its second headquarters to 20, with the largest concentration in the Northeast. Amazon, based in Seattle, plans to invest $5 billion in the new headquarters and could employ as many as 50,000 people in and around the city it chooses. Cities are in fierce competition to lure Amazon, and the company said last year that it received 238 proposals.
The Street•3 hours agoHow Does Social Security Calculate My Benefit Check?
Question: My wife died two years ago at age 53. I am currently 53. At the time, I was told that I would receive 80% of her Social Security when I reached retirement age in addition to my Social Security if I did not remarry. Is this true? We both worked long enough to qualify for Social Security at retirement age. Answer: Looks like you got some bad information, according to Joe Elsasser, president of Covisum and the developer of Social Security Timing. "The general rule of thumb for coordinating all benefits is that a beneficiary receives the higher of his or her own benefit or the benefit of the deceased," he said. That said, even after the law changes a few years ago, Elsasser said there are
- CNBC•yesterday
Apple gets rare downgrade because analyst believes iPhone cycle is just 'good, not great'
The iPhone cycle will disappoint this year, according to one Wall Street analyst, who issued a rare downgrade of one of the market's most popular stocks. Longbow Research lowered its rating for Apple (AAPL) shares to neutral from buy, predicting the company will ship fewer iPhones than expected in fiscal 2018. "Apple found iPhone price elasticity with the introduction of the X blunting some demand.
- Zacks•2 days ago
As Bitcoin Plummets, Here Are 3 Cryptos Gaining Today
Nearly every major cryptocurrency—including bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash—has experienced substantial losses on Tuesday, highlighting concerns over potentially catastrophic regulatory changes in key Asian markets. Similarly, Litecoin has shed about 16.4%, Ripple has crashed more than 24.7%, and Bitcoin Cash has dropped roughly 20.7%. The total market capitalization of the 1,450 cryptocurrencies tracked by CoinMarketCap slumped from a 24-hour high of $713.64 billion to a low of $536.65 billion earlier this morning.
- Zacks•yesterday
Realty Income (O) Announces Hike in Monthly Dividend Payment
Retail REIT Realty Income Corporation O has announced a hike in its common stock monthly cash dividend, rejoicing shareholders. This marks the company’s 95th dividend increase since its NYSE listing in 1994. The company will now pay 21.90 cents per share against 21.25 cents paid earlier.
- CNBC Videos•21 hours ago
Bulls betting on Marathon Oil and this steel stock
"Halftime Report" traders Jon & Pete Najarian spot aggressive call buying in Marathon Oil and AK Steel Holding.
Business Insider•21 hours agoApple is building a new campus and will hire 20,000 new employees (AAPL)
Apple on Wednesday announced plans to open a new campus in the United States and said it would hire 20,000 new employees over the next five years. It also says it plans to pay $38 billion in repatriation tax. CNBC estimated that with the new repatriation tax rate of 15.5%, the company would bring nearly all its overseas cash, or about $245 billion, back to the United States.
- Bloomberg•yesterday
What Could Kill the Bitcoin Boom
If you bought a Bitcoin in early 2017, when one cost less than $900, you could have a profit of more than 1,200 percent now. More than $2,000 of that decline came in about 24 hours, after South Korean Finance Minister Kim Dong-yeon indicated the country may crack down on cryptocurrency trading to discourage speculation. For the many doubters who can’t believe things have come this far—and for Bitcoin owners who can see how much they might lose—the big question is what it would take to knock the price back further.
- Zacks•yesterday
Is Celgene (CELG) Looking to Take Over Juno Therapeutics?
Per reports, biotech bigwig Celgene Corporation CELG is looking to acquire smaller biotech Juno Therapeutics JUNO. Celgene is on the look-out of new deals and acquisitions given a lacklustre 2017. Celgene suffered a series of setbacks over the last few months. Earlier in Jan 2018, Celgene announced it will acquire Impact Biomedicines for an upfront amount of $1.1 billion.
- barrons.com•21 hours ago
Ford: Brace Yourself
Shares of Ford (F) are falling on Wednesday afternoon, after the company issued disappointing guidance late Tuesday. Ford said that it plans to make big investments in autonomous and electric vehicles, not surprising given similar plans by rivals including General Motors (GM) and Tesla (TSLA). Yet investors were more concerned about Ford's bottom line: The automaker expects 2017 earnings to come in at an adjusted $1.78 a share, lower than the $1.84 a share analysts were expecting, while it projected 2018 earnings of $1.45 to $1.70 a share, compared to the $1.59 a share consensus. Not everyone was down on the news, however. Morgan Stanley's Adam Jonas and his team called Ford's warning a "step
- Zacks•17 hours ago
Alcoa (AA) Sinks On Q4 Loss, Earnings & Sales Miss
Alcoa Corp. AA just released its fourth quarter 2017 financial results, posting adjusted earnings of $1.04 per share and revenues of $3.17 billion. Currently, Alcoa is a Zacks Rank #3 (Hold), and is down over 5% to $54 per share in after-hours trading shortly after its earnings report was released. Alcoa posted a Q4 net loss of $196 million, which includes the financial impacts of previously announced strategic priorities.
- Zacks•yesterday
Energy Transfer Partners Divests Compression Units for $1.8B
Pipeline operator, Energy Transfer Partners ETP recently agreed to divest its compression units, CDM Resource Management and CDM Environmental & Technical Services LLC, to natural gas compression services provider, USA Compression Partners, LP USAC for about $1.8 billion. Per the deal, USA Compression will pay $1.225 billion in cash along with 19.2 million of its common units and 6.4 million of its Class B units to Energy Transfer Partners.
- Investopedia•2 days ago
Why Ripple May Still End Up on Coinbase
Ripple, currently the third-largest digital currency in the world after bitcoin and ethereum, had an extraordinary end to 2017. In the last few days of the year, the price of XRP climbed dramatically. In the process, and with tokens trading for more than $3 each, ripple catapulted past ethereum to become the second-largest cryptocurrency by market cap. (See also: Ripple Briefly Was 2nd Most Valuable Cryptocurrency.) Although it has since fallen by a significant margin, in the first days of 2018, ripple had generated a great deal of excitement. (See also: Bitcoin Price Slides Further; Ripple Builds Lead Over Ethereum.) Perhaps that is why many investors found it odd when Coinbase announced in
- Yahoo Finance•21 hours ago
Apple says it will invest $350 billion in the U.S. over the next five years
Apple (AAPL) is making a major investment in the U.S. economy. In a release on Wednesday afternoon, the world’s largest publicly-traded company said it would make a “direct contribution” of $350 billion into the U.S. economy over the next five years. The company said this number does not include ongoing tax payments, or tax revenue generated by wages paid to employees or sales tax on Apple products.
- CNBC Videos•yesterday
We're in the midst of biggest wealth transfer in history:...
Dan Novaes, Current co-founder and CEO, discusses volatility in the cryptocurrency markets.
- Bloomberg•yesterday
Two Blockchain ETFs Launch Today, But They're Going Incognito
Two blockchain ETFs start trading today, but good luck finding them at your local exchange. Shortly before listing, the U.S. Securities and Exchange Commission encouraged Amplify Investments and Reality Shares Inc., the firms behind them, to drop “blockchain” from their names. That’s why the first exchange-traded funds to track companies involved in the digital technology that underpins cryptocurrency transactions are launching under new monikers: the Amplify Transformational Data Sharing ETF, ticker BLOK, and the Reality Shares Nasdaq NexGen Economy ETF, symbol BLCN. The regulator may have been keen to avoid a repeat of recent incidents, like when beverage company Long Island Iced Tea Corp.
- Zacks•2 hours ago
How ConocoPhillips (COP) Stock Stands Out in a Strong Industry
One stock that might be an intriguing choice for investors right now is ConocoPhillips COP. This is because this security in the Oil and Gas - Integrated - United States space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is arguably taking place in the Oil and Gas - Integrated - United States space as it currently has a Zacks Industry Rank of 27 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Reuters•15 hours agoFTC investigating Broadcom for antitrust practices
The investigation comes as Broadcom pursues a hostile takeover of Qualcomm in a $103 billion deal. Since the FTC would likely review any merger for anticompetitive practices, the current probe could make regulatory approval more challenging. Broadcom was recently issued subpoenas that seek an extensive amount of information, according to the Wall Street Journal, which was the first to report the probe on Wednesday.
Yahoo Finance•yesterdayApple supplier denies claims, Walmart shakes things up, Google changes YouTube policy
Apple (AAPL) is in the spotlight. Its Chinese supplier Catcher Technologies is denying allegations by a New York rights group that it makes employees work 10 hours a day in polluted conditions without proper overtime pay or safety measures in place. Apple and Catcher both claim they investigated the issues and found no evidence of any violations.
- Wired News•4 hours ago
Why a $38 Billion Tax Payment Is a Good Deal for Apple
Apple has faced mounting criticism in recent years for avoiding taxes in the US and Europe. Wednesday, it offered critics 38 billion replies. More precisely, Apple said it would pay an estimated $38 billion in tax to bring back to the US some of the cash it has stashed overseas over the years. Apple says the payment would be the largest tax payment of its type in history. But it’s also a pretty good deal for the company. In the wake of the tax-cut bill approved by Congress last month, Apple also announced plans to invest $30 billion in the US over the next five years, to create 20,000 new jobs, spend more with domestic manufacturers and other suppliers, and build a new campus. But it's not clear
Business Insider•23 hours agoBank of America CEO: You can buy bitcoin — just not with us
As cryptocurrency markets around the world get smoked in what's been called a "bloodbath," Bank of America CEO Brian Moynihan took the time to warn customers about investing in highly volatile bitcoin. "We’ve basically told people that they could buy it in other accounts, but not at Merrill Lynch. When bitcoin futures launches in December, Bank of America Merrill Lynch, Citigroup, and JPMorgan notably did not provide their customers access to the contracts.
- Investopedia•4 hours ago
How to Retire a Millionaire Without a 401(k)
Is it possible to retire a millionaire without having a 401(k) plan? It’s true that a 401(k) can be an extremely powerful tool for fueling your retirement savings efforts. However, research from Pew Charitable Trusts shows that 42% of workers don’t have access to one through their employer. And, of the 58% that do, less than half are participating. If your goal is retiring a millionaire but saving in a 401(k) isn’t an option, you’ll need to work a little harder to hit your target. Fortunately, there are some savings alternatives you can use to grow a seven-figure retirement nest egg. Start with an IRA An individual retirement account (IRA) is one of the most obvious ways to sock away $1
Reuters•18 hours agoDow ends above 26,000 on earnings optimism
U.S. stocks jumped on Wednesday and the Dow closed above 26,000 for the first time as investors' expectations for higher earnings lifted stocks across sectors. The Dow also hit an all-time high in intraday trading. The S&P 500 posted a record closing high.
- Fox Business•1 hour ago
Tax Reform Windfall: These companies are hiking pay, delivering $1,000 payouts
Apple Inc. (APPL) joined the list of companies giving bonuses to its employees, on Jan. 17. A source familiar with the matter told FOX Business the bonuses are a result of the passage of the GOP tax bill. FOX Business breaks down how employees at some major companies are benefitting from the corporate world’s good fortune.
- CNBC.com•21 hours ago
It looks like Apple is bringing back home nearly all of its $250 billion in foreign cash
Apple to create 20,000 jobs over the next 5 years 2 Hours Ago | 01:21 Apple just announced on Wednesday it will bring back hundreds of billions of dollars from overseas to fund investment in the U.S. and likely increase its capital returns. "Apple, already the largest US taxpayer, anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest of its kind ever made," the company said in the release. Using the new 15.5 percent repatriation tax rate, the $38 billion tax payment disclosed by Apple means they are planning a $245 billion repatriation. The tax overhaul, which President Donald Trump
