- S&P 5002,853.53-0.67%
- Dow 3026,439.48-0.67%
- Nasdaq7,466.51-0.52%
- Russell 20001,598.11-0.62%
- Crude Oil65.41-0.23%
- Gold1,337.10-0.24%
- Silver17.11-0.07%
- EUR/USD1.24-0.07%
- 10-Yr Bond2.70+1.39%
- Vix13.84+24.91%
- GBP/USD1.41-0.06%
- USD/JPY109.01+0.02%
- BTC-USD11,245.41+0.10%
- FTSE 1007,671.53+0.08%
- Nikkei 22523,512.61-0.49%
- Yahoo Finance•8 hours ago
Tax season begins today: What you need to know
Monday, Jan. 29 – the official start of tax season. Here are a few things to know as tax season gets underway. It’s important that you use this form to help make sure you file a complete and accurate tax return, the IRS says.
- Bloomberg•15 hours ago
Eight Ways to Prepare for the New Tax Law
The federal tax overhaul put in place by Republicans has produced an unusual show of bipartisanship now that tax season is here: We are a nation united in befuddlement. One bit of confusion to dispel quickly: The changes don’t affect taxpayers for the 2017 filing season, which officially begins Monday when the Internal Revenue Service accepts its first returns. That’s news to about 41 percent of the 2,000 Americans recently surveyed by tax prep chain Jackson Hewitt—they thought the tax law President Donald Trump signed on Dec. 22 would affect their filings this season (among millennials, it was 50 percent). It should come as no surprise then that tax preparers and financial advisers are girding
Reuters•3 hours agoDow, S&P 500 suffer worst one-day fall in 5 months as Apple drags
Wall Street pulled back from record highs on Monday, with the Dow and the S&P 500 indexes marking their biggest one-day percentage declines in about five months, weighed down by a slide in Apple shares. Shares of Apple fell 2.1 percent on news that the company will halve production of its $999 iPhone X smartphone. "The market's responding to the question of what Apple's earnings are going to look like, specifically what kind of guidance are they going to give on iPhone X sales," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.
- Bloomberg•5 hours ago
Qualcomm's Need to Up NXP Offer Gets Real With Broadcom Takeover Bid Looming
Qualcomm Inc.’s negotiating room is shrinking fast as it tries to close the planned $47 billion purchase of NXP Semiconductors NV while fending off a record-setting hostile takeover bid from Broadcom Ltd. Over the next two weeks, Qualcomm is facing a series of events -- earnings, a shareholder meeting, and possibly a decision on Chinese regulatory approval -- that will likely force it into negotiations with NXP stockholders, a move it’s been slow to engage in. As the deal clears the final hurdles after more than a year of waiting and as new numbers come in, the prospect of sweetening the bid becomes more real. NXP shareholders have piled into the stock, arguing Qualcomm’s $110-a-share offer
- The Street•2 hours ago
Why Every Tesla Investor Should Fear Elon Musk's New Flamethrower
Wow. Tesla Investor, This Is Your Nan When I caught a picture late Friday on Twitter of a flamethrower created by Elon Musk, I knew it would still be a hot topic come Monday. Musk's The Boring Company, which is keen on digging holes underground to build out super fast transport tubes, is now selling flamethrowers on its website. The cost for this action hero gadget: $500. Musk tweeted on Sunday that 2,000 flamethrowers have already been pre-ordered. While the millennial in me wants to think this is cool, the adult in me thinks it's better to slam Musk from two different perspectives. First, in this day and age, the last thing we need on the streets is an easy-to-use flamethrower. Just imagine
- MarketWatch•3 hours ago
13 stocks these winning stockpickers recommend now
I rise, your Honor, in defense of stock picking. I admit I’m an unlikely public defender for the stockpicking industry, since I have made a career of pointing out how difficult it is to beat the market. Just recently, in fact, I wrote a column pointing out that hardly any of the mutual funds and hedge funds that beat the market in one period are able to repeat their achievement in the subsequent one. But when a criticism goes too far, my contrarian instincts become aroused. And this past week has seen a number of claims about stockpicking that were unfair. Take the Alternative Investments Conferencethat was held recently at the London School of Economics. Though I did not attend, media accounts
Reuters•9 hours agoEU review of Bayer's Monsanto bid postponed further
FRANKFURT/BRUSSELS (Reuters) - Bayer's quest to win regulatory approval for its planned takeover of Monsanto ran into further delays on Monday as European Union antitrust investigators extended their investigation by five working days until March 12. The EU did not state a reason for the extension to March 12 to deliver its verdict on the merger, which effectively gives Bayer a new deadline at midnight Feb. 5 to propose concessions such as asset sales. A Bayer spokesman declined to comment, beyond confirming the EU's statement.
- Zacks•2 hours ago
AMD's Q4 Earnings to Benefit from Strong Demand for GPU
Advanced Micro Devices AMD is set to report fourth-quarter 2017 results on Jan 30. The company is expected to gain from robust demand of graphic processor unit (GPU), which is now profusely used in industries like gaming, automotive and blockchain.Increasing
- Bloomberg•17 hours ago
United Goes Rogue With Plan That May Spur Lower Airfares
Scott Kirby has a very specific view about how the three U.S. hub-and-spoke airlines work best, having managed two of them. In his current job as president of United Continental Holdings Inc., Kirby’s role is to oversee a major overhaul of how the carrier operates, beginning with a broad restructuring of its three domestic-focused hubs in Chicago, Denver and Houston. By United’s math, this trio has profit margins that are 10 percent below the inland domestic hubs operated by American Airlines Group Inc. and Delta Air Lines Inc. That gap is one big reason for United’s third-place finish among the three in recent years.
- CNBC Videos•3 hours ago
Goldman Sachs sees 'high probability' of a stock market c...
Goldman Sachs believes "correction signals are flashing" and is advising its clients to prepare for a correction.
- Zacks•11 hours ago
United Parcel Service (UPS) Q4 Earnings: What's in Store?
United Parcel Service UPS is scheduled to report fourth-quarter 2017 results on Feb 1, before the market opens. Last quarter, the company posted earnings of f $1.45 that surpassed the Zacks Consensus Estimate of $1.44 per share. Revenues improved 7% to $15,978 million from the year-ago quarter, beating the Zacks Consensus Estimate of $15,605.5 million.
- The Street•56 minutes ago
Tax Reform to Fuel Boeing's Fire, Analysts Say Ahead of Quarterly Results
Investors of the world's largest aerospace company, Boeing Co. (BA) , should be primed for strong fourth-quarter financial results, and further upside for the year ahead fueled by likely gains from the U.S. tax system overhaul. The Chicago-based company is expected to report adjusted earnings of $2.89 per share on revenue of $24.6 billion, according to FactSet Research Systems Inc. For the full-year, analysts anticipate adjusted earnings of $10.15 per share on revenue of $92.5 billion. This will be an especially important quarter for investors, analysts at Credit Suisse Group said, as shareholders will carefully evaluate updates on four key items: the 2018 tax rate; Boeing Commercial Airplanes
Bloomberg•5 hours agoElon Musk Is Selling Flamethrowers
Anyone tracking the number of businesses Elon Musk is involved with can add one more to the list: merchandise. Thanks to the billionaire’s promotions on Twitter and Instagram, Boring Co. had taken orders for thousands of the $500 flamethrower by Monday. Boring Co. plans to sell 20,000 flamethrowers.
- Zacks•10 hours ago
Nokia (NOK) to Report Q4 Earnings: What's in the Offing?
Nokia Corporation NOK is scheduled to report fourth-quarter 2017 financial numbers on Feb 1. Last quarter, the company reported earnings (non-IFRS) per share of €0.09 (approximately 11 cents) that surpassed the Zacks Consensus Estimate of 6 cents. This was because revenues were hurt by the Nokia Networks’ disappointing performance.
- U.S.News & World Report•10 hours ago
IBM May Get a Big Boost From Blockchain
While IBM's share price is showing signs of life, its long-term track record is another story. In the past five years, the company's share price has declined by 13 percent. Additionally, IBM reported a 4 percent uptick in annual sales growth in the fourth quarter of 2017.
- CNBC Videos•4 hours ago
Gabelli: buying GE on the pullback
Legendary investor Mario Gabelli says he's buying shares of industrial giant GE.
- Business Insider•8 hours ago
VMware is slipping after reports it might buy Dell in a massive tech deal (VMW)
Dell could be coming back to the public markets as the result of an odd reverse merger with VMWare, CNBC reported on Monday. Shares of VMware fell more than 8% on the news, to about $138.61. The reverse merger would involve the smaller VMware taking over the larger Dell, which currently owns 80% of VMware.
- Zacks•8 hours ago
Why Did Apple (AAPL) Stock Dip Today?
Shares of Apple AAPL dipped more than 2% in morning trading Monday after Japanese financial publication Nikkei reported that the company is halving its production target for the iPhone X in the first three months of the year. Apple was planning to produce 40 million units of its special-edition phone, but the Cupertino, California-based firm has informed suppliers that it now expects to produce just 20 million units, Nikkei said. According to the report, Apple’s adjusted production target comes on the back of “slower-than-expected sales” in the holiday shopping period in key markets like Europe, U.S., and China.
- Zacks•11 hours ago
Xerox (XRX) Q4 Earnings: What Lies Ahead for the Stock?
Xerox Corporation XRX is scheduled to report fourth-quarter 2017 results before the opening bell on Jan 31. Adjusted earnings of the company beat the Zacks Consensus Estimate by 10 cents in the last reported quarter. Also, over the trailing four quarters, the company delivered a positive average earnings surprise of 2.5%, beating estimates twice.
- Morningstar•14 hours ago
How Retirees Are Taxed
The controversy put a focus on differences in tax policy among high- and low-tax states. But the states also differ sharply when it comes to taxing retirees. A few exempt all retirement income from taxes, and many exempt all Social Security income. Many states give seniors a break of some kind on property taxes; policy on taxation of income from pensions, 401(k), and IRA accounts varies widely. The policy of exempting retirement income dates to a time when elderly poverty rates were much higher than they are today. As recently as 1970, almost 25% of Americans older than 65 lived in poverty, according to the Census Bureau; now it’s around 9%. The federal government didn't tax Social Security until
Business Insider•10 hours agoMonday is the first day you can submit your tax return to the IRS — here's what to expect this year
You may be able to file for free, and filing sooner is the best way to prevent tax fraud. The changes — including new tax brackets and modified tax deductions — went into effect on January 1. Your tax return will reflect your 2017 taxes, meaning the new law won't apply.
- Zacks•13 hours ago
Sprint (S) to Report Q3 Earnings: What's in the Cards?
Sprint Corporation S is scheduled to release third-quarter fiscal 2017 results on Feb 2, before market opens. In the trailing four quarters, the company’s earnings lagged the Zacks Consensus Estimate in two and beat the estimate in the other two. Sprint continues to fortify its position in the wireless industry with network modernization and integration efforts, attractive unlimited data plans and promotional offers in its postpaid and prepaid plans.
- Bloomberg•7 hours ago
It's Getting Harder for S&P 500 to Elude Bond Market's Violence
It’s the steady hammering in companies with the highest dividends, which before today had done little to slow the advance in the S&P 500 and Dow Jones Industrial Average. Namely, will rising Treasury rates, viewed by bulls as a sign of economic vigor, become a valuation threat to equities that finally slows the torrid pace of price appreciation? The jump in 10-year Treasury yields to 2.7 percent, a level unseen since 2014, was enough to prompt at Strategas Research Partners to cut rate-sensitive REITs stocks to underweight.
Business Insider•9 hours agoMeet the secretive banker working on Keurig's $18.7 billion buyout of Dr Pepper Snapple
Keurig Green Mountain, the Luxembourg-owned company behind the near ubiquitous coffee pods, announced Monday it would buy Dr Pepper Snapple Group for $18.7 billion in cash. Trott runs one of the most secretive investment banks in the world, BDT Capital Partners, which caters to the world's wealthy elite who value privacy and discretion. It's in-house merchant-bank, BDT & Company, acted as financial advisers to Keurig on the transaction, the company said. Entities affiliated with BDT Capital Partners are also investing alongside JAB.
- MarketWatch•yesterday
Tax bill lowered corporate tax rate, so why are some companies announcing charges?
The tax bill that President Donald Trump signed into law in December slashes corporate tax rates, so why are some companies announcing charges instead of benefits from the change? Most of the big banks that have just reported fourth-quarter earnings, for example, unveiled multibillion-dollar charges or tax provisions, instead of announcing immediate gains from a lower rate. That’s because the banks have deferred tax assets on their balance sheets, offsets that can be used to reduce future tax liabilities or to defer them. Many big banks suffered multibillion dollar losses during the financial crisis that created tax loss carryforwards that can help reduce their future tax bill. Basically, if
