- Bloomberg•16 hours ago
Saudi Arabia Is Taking a Harder Line on Oil Prices
For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role seems to be shifting. Thanks to OPEC-led production cuts, crude prices are double their level two years ago and bloated oil stockpiles are almost back to normal. Yet Saudi Energy Minister Khalid Al-Falih wants to go further. Producers should keep cutting for the whole year, even if it causes a small supply shortage, Al-Falih said. “If we have to overbalance the market a little bit, then so be it,” he told reporters in Riyadh last week. Source: IEA Saudi Arabia faces unprecedented pressures as Crown Prince Mohammed Bin Salman embarks
- MarketWatch•yesterday
Should I sell my $565,000 duplex and invest the money — or continue to collect rent?
The main question is whether I would get a better return by selling the duplex and investing the money or by keeping the property and collecting rent. What if the rental is vacant for a period of time?
- CNBC.com•16 hours ago
Qualcomm is moving to decide how to price NXP deal to lure in enough shareholders
Qualcomm and its advisors have been working to reassert control over the company's deal to acquire NXP Semiconductors this weekend, by trying to figure out what price will be enough to garner the 80 percent of shares needed to close the deal, sources tell CNBC. On Friday, Qualcomm's advisors at Goldman Sachs began contacting large holders of NXP to ascertain at what price those holders would be willing to sign voting agreements stipulating their support for a deal, according to people familiar with the conversations. While no specific price was offered, Qualcomm's advisors were said to have broached "the low $120's" as a possibility for a deal. This is Qualcomm's first effort in months to see what price large holders of NXP Semi would be willing to accept in order for Qualcomm to close the all cash deal, which is worth more than $40 billion.
- Investopedia•17 hours ago
David Tepper's Appaloosa Portfolio Jumped Nearly 50%: 13F
Billionaire David Tepper, the head of Appaloosa Management, recently filed his quarterly 13F report. According to the SEC filings, Appaloosa's value increase by almost 50% in the last quarter of 2017. As of the start of 2018, Appaloosa Management's largest holdings were Micron Technology Inc. (MU), Facebook Inc. (FB), and Powershares QQQ Trust (QQQ). $10.5 Billion Portfolio Stocks in Appaloosa's portfolio which were represented on the 13F filings totaled $10.5 billion as of December 31, 2017. The list value for those stocks was up an astonishing 47.5% as compared with the previous quarter, according to Value Walk. By comparison, the S&P 500 was up just over 6% over the same period. At a time
- MarketWatch•yesterday
There’s another option when the answer to ‘can I retire’ is ‘not yet’
You need to estimate health-care expenses, your lifespan, taxes, future investment returns, interest rates and inflation over decades to make an informed retirement decision. Miscalculation in any of these areas can cause drastically divergent retirement outcomes.
- MarketWatch•yesterday
This is how much credit-card debt makes you undatable
More than 77% of people consider credit-card debt unattractive, according to a survey released Monday by personal-finance site Finder.com. On average, people say $11,525 in credit-card debt is enough of a red flag to swipe left or walk away. Payday loans, which can have astronomical interest rates as high as 400%, are the second most unacceptable forms of debt for daters.
Associated Press•yesterdayAmerisource shares jump on Walgreens buyout report
Shares of AmerisourceBergen soared Tuesday on reports that Walgreens is pursuing a complete takeover of the huge drug distributor. The Wall Street Journal reported late Monday that Walgreens Boots Alliance Inc. reached out to AmerisourceBergen Corp. about a potential deal several weeks ago. Walgreens already owns about 26 percent of the company, according to data provider FactSet.
- Yahoo Finance•20 hours ago
Walmart, Home Depot — What you need to know for the week ahead
The tech-heavy Nasdaq, which was the only losing among the major averages on Friday, paced gains for the week, rising 5%. Fourth quarter earnings season is winding down, but a couple of premier reports are expected on Tuesday morning as both Walmart (WMT) and Home Depot (HD) will report results. Walmart earnings on Tuesday morning will give investors a read on the U.S. consumer.
- Fox Business Videos•4 hours ago
Job hunting mistakes you’re probably making, warns Korn Ferry CEO
He’s an executive recruiting guru and best-selling author of “Lose the Resume, Land the Job,” Korn Ferry International CEO George Burnison says you are job hunting all wrong. From key resume tips to the best way to interview, Burnison lays out some must-hear advice for job seekers.
- Oilprice.com•2 days ago
Iran Fails To Comply With OPEC Deal
The OPEC Monthly Oil Market Report is out production data for January 2018. All data, unless otherwise noted, is through January 2018 and is in thousand barrels per day. OPEC crude only production has held steady for three months.
- MarketWatch•yesterday
For richer or poorer — how ‘the money talk’ really means ‘I love you’
If things go well with the investments, the conflict lies dormant. The firm manages retirement accounts with portfolios built by its Investment Advisory Board: Burt Malkiel (Princeton professor who wrote “A Random Walk Down Wall Street”), Charles Ellis (past chair of Yale’s Endowment) and Jay Vivian (ran IBM’s retirement funds).
- Zacks•2 hours ago
Cheasapeake (CHK) Q4 Earnings: A Disappointment in Store?
Chesapeake Energy Corporation CHK is slated to report fourth-quarter 2017 results on Feb 22, before the opening bell.In the trailing three months, the company reported a positive earnings surprise of 20.00%. Chesapeake beat the Zacks Consensus Estimate
Associated Press•3 hours agoLatvia starts criminal probe of its central bank chief
Latvia's anti-corruption agency says it suspects the nation's central bank chief of demanding and receiving bribes of at least 100,000 euros ($125,000) and has started a criminal investigation against him. The agency said Monday that no formal charges have so far been filed against Ilmars Rimsevics, who is also on the top policymaking council of the European Central Bank. Prime Minister Maris Kucinskis said after an extraordinary Cabinet meeting Monday that the central banker will face "restrictions" to be announced later.
- Fox Business Videos•3 hours ago
The real reason to quit your job, says Korn Ferry CEO
Should you really quit your job? George Burnison, author of “Lose the Resume, Land the Job,” and Korn Ferry International CEO shares insight on the job market and advice for job seekers.
- Investopedia•5 hours ago
Market Corrections: Preparing for the Inevitable
Investopedia does not provide tax, investment, or financial services. The information available through Investopedia’s Advisor Insights service is provided by third parties and solely for informational purposes on an “as is” basis at user’s sole risk. Investopedia makes no guarantees as to the accurateness, quality, or completeness of the information and Investopedia shall not be responsible or liable for any errors, omissions, inaccuracies in the information or for any user’s reliance on the information. While Investopedia may edit questions provided by users for grammar, punctuation, profanity, and question title length, Investopedia is not involved in the questions and answers between advisors and users, does not endorse any particular financial advisor that provides answers via the service, and is not responsible for any claims made by any advisor.
- CNBC.com•16 hours ago
Asia trades mostly higher as markets in Greater China remain on holiday
Asian markets mostly rose on Monday after the U.S.'s S&P 500 extended its winning streak on Friday to six days. Markets in the Greater China region remain closed for the Lunar New Year holiday. Japan's Nikkei 225 rose 428.96 points, or 1.97 percent, to 22,149.21, while the Topix index added 37.78 points, or 2.17 percent, to 1,775.15. South Korea's Kospi index added 20.99 points, or 0.87 percent, to 2,442.82. Meanwhile, Australia's ASX 200 reversed early losses to finish up 37.6 points, or 0.64 percent, at 5,941.6. The heavily weighted financial subindex rose 0.56 percent, while the energy sector fell 1.26 percent and the materials subindex reversed losses to climb 0.23 percent. Oil stocks in
- MarketWatch•yesterday
Wells Fargo auditors could soon deliver another blow to the bank
Wells Fargo investors have learned a lot about the bank’s worsening issues recently, but they should be watching carefully over the next couple of weeks for possibly more bad news — from the bank’s auditors, KPMG. KPMG must opine on Wells Fargo’s(WFC) internal controls by around March 1, and investors might not like the answer: the very real possibility of an adverse opinion from the auditors identifying material weaknesses in the bank’s controls.
- Bloomberg•12 hours ago
Biggest Risk From U.S. Trade Tariffs on Metals Is Retaliation
While U.S. steel and aluminum producers surged Friday after the Commerce Department released its recommendations for restricting imports, a muted reaction among the biggest Asian metals stocks suggests the international impact will be spread thinly -- unless U.S. action prompts retaliation from its biggest suppliers. Japan’s top steelmakers, Nippon Steel & Sumitomo Metal Corp. and JFE Holdings Inc., and its largest maker of aluminum products, UACJ Corp., all rose in Tokyo, while Posco, South Korea’s biggest steel mill, was unchanged. The proposals risk a chain effect under which restrictions on U.S. imports encourage other nations to impose duties -- top producer China has already warned as much -- or divert shipments to alternative markets, SMBC Nikko Securities Inc. said in a note.
The Street•4 hours agoBitcoin Prices Will Double in 2018: 'Shark Tank' Star Robert Herjavec
Bitcoin prices have been all over the map (per the usual), but don't think another rally isn't in store. Bitcoin surged as high as $10,293.44 in Friday trading, according to Coindesk, before dipping into the red in early afternoon action below $10,000. In the last week, bitcoin dropped as low as $7,931.10 on Sunday, Feb. 11. The cryptocurrency broke above the important $10,000 psychological barrier on Thursday, Feb. 15. The overall cryptocurrency market made strong gains this week, reaching a market cap of more than $480 billion by Friday. Gains came despite increasing talk of crypto regulation in the U.S. 'Shark Tank' star Robert Herjavec, CEO of Herjavec Group, thinks bitcoin prices have further
- CNBC.com•6 hours ago
Bitcoin broke through $11,000 for the first time since January
Bitcoin broke through the $11,000 mark over the weekend for the first time since the end of January as its price continues to slowly rise following a violent sell-off at the start of the month. The price of the cryptocurrency went as high as $11,279.18 on Sunday, its most elevated level since January 30, according to CoinDesk's bitcoin price index, which tracks prices from four major cryptocurrency exchanges. Bitcoin's price has been slowly climbing higher after a massive sell-off in early February, which was triggered by fears over tighter regulation, rumors of price manipulation in the market, and a hack on cryptocurrency exchange Coincheck that saw over $500 million stolen. Bitcoin is up over 80 percent since it bottomed at $5.947.40 on February 6.
- MarketWatch•22 hours ago
Cisco turns corner in tough transition to a new era
Cisco Systems Inc. has turned the corner in a painful transition, with the first quarter of revenue growth since 2016 showing success in the networking giant’s quest to become a subscription-based business. Cisco (CSCO) reported better-than-expected fiscal second-quarter revenue and adjusted earnings Wednesday, excluding the impact of a charge related to the changes in the U.S. tax law, and its shares rose 7% in premarket trading Thursday. Cisco shares jumped to levels not seen since the dot-com boom went bust, and were already up nearly 10% this year, while the Dow Jones Industrial Average (^DJI) , which counts Cisco as a component, is up less than 1% early in 2018.
- MarketWatch•22 hours ago
People are walking into glass at the new Apple headquarters
Silicon Valley is known for moving fast and breaking things, but Apple Inc. may want its employees to slow down in order to not break themselves or the company’s new $5 billion headquarters. According to documents and sources, Apple (AAPL) has run into a problem at Apple Park: Because so much of the interior is made from glass — the walls and doors, for example — people are walking into the panes, sometimes painfully. The company famous for its innovative design experienced at least two incidents of men walking into glass and causing injuries serious enough to warrant calls for local emergency services in the early days of its new “spaceship” campus, according to documents MarketWatch obtained via a public-records request.
- MarketWatch•3 hours ago
Dow futures inch higher with traders on Presidents Day break
U.S. stock futures edged up on Monday, extending Friday’s mostly upbeat action, but traders were steering away from big bets as they got the session off for Presidents Day. American stock markets and the bond market are closed for the holiday, and there are no economic releases expected, as federal agencies are shuttered. Check out: Which markets are closed on Presidents Day? What are the main benchmarks doing? Dow Jones Industrial Average futures YMH8, +0.10% added 35 points, or 0.1%, to 25,271, while S&P 500 futures ESH8, +0.10% tacked on 5.25 points, or 0.2%, to 2,740.25. Nasdaq-100 futures NQH8, +0.27% rose by 17.75 points, or 0.3%, to 6,804.50. Last week, the Dow DJIA, +0.08% and S&P 500
- MarketWatch•yesterday
Forget the stock market’s roller coaster — many Americans struggle with income volatility
The stock market’s up-and-down ride has grabbed breathless news coverage this month, with the Dow Jones Industrial Average(^DJI) suffering its biggest one-day drop since 2008 followed by a rebound this week. It’s not an issue that gets a lot of attention in news about the country’s economic health, but it’s common: More than one-third (34%) of households experienced a 25% or more change in income year-to-year between 2014 and 2015, according to an analysis by the Pew Charitable Trusts, a Philadelphia-based think tank. “When we think about how the economy is doing broadly, there are big topline numbers we see, whether it’s GDP or the unemployment rate, that may not explain what’s happening at the household level,” said Clinton Key, a research officer at Pew.
- Zacks•8 hours ago
Schlumberger (SLB) Down 13.2% Since Earnings Report: Can It Rebound?
A month has gone by since the last earnings report for Schlumberger Limited SLB. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Schlumberger’s fourth-quarter 2017 earnings of 48 cents per share (eliminating charges and credits) surpassed the Zacks Consensus Estimate of 44 cents and the year-earlier figure of 27 cents.
