Reuters•4 hours agoFord to temporarily layoff about 2,000 hourly employees at Michigan
"Employees who are temporarily affected will receive approximately 75 percent of their take-home pay if they have one year seniority," Ford's manufacturing and labor communications manager Kelli Felker said in an email. "The affected employees all will return to work – either at Michigan Assembly or at another Ford facility," Felker said. Ford had previously outlined a plan to retool the plant for the new Bronco SUV, but had not disclosed a specific schedule.
- Zacks•7 hours ago
Why Is Chevron (CVX) Down 11.1% Since its Last Earnings Report?
A month has gone by since the last earnings report for Chevron Corporation CVX. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Chevron reported weaker-than-expected fourth-quarter earnings after excluding the impacts of U.S. tax reform.
- Barrons.com•7 hours ago
Broadcom Says Will 'Cooperate with CFIUS,' Slams Qualcomm 'Secret' Request
Broadcom (AVGO), which is pursuing a hostile bid to take over Qualcomm (QCOM), this morning issued a statement accusing Qualcomm of “desperation” in obtaining a delay in its shareholder vote, which had been scheduled for Tuesday. Qualcomm stock is down $1.48, or 2.3%, at $63.26, in early trading. Broadcom stock is unchanged at $250.87.
- CNBC Videos•7 hours ago
Stick to “boring” stocks amid market volatility: Portfoli...
Chad Morganlander of Washington Crossing Advisors tells us what he’s advising his clients during a time of market uncertainty.
- TheStreet.com•7 hours ago
4 More Semiconductor Firms That Could Be Targeted in Wake of Microsemi Deal
As the chip industry has rapidly consolidated over the last few years, suppliers of microcontrollers (MCUs) and analog and mixed-signal chips have been especially popular targets. ) and International Rectifier (acquired by Infineon) are among the firms operating in one or both of these fields to be snapped up in multi-billion dollar deals in recent years.
- InvestorPlace•7 hours ago
3 Stocks to Watch on Monday: Alphabet Inc (GOOG, GOOGL), Apple Inc. (AAPL) and Frontier Communications Corp (FTR)
The U.S. stock market took a hit late last week following the current presidential administration’s decision to impose a tariff on imported steel, sending the Dow Jones Industrial Average down more than 500 points on Friday alone. Several companies made headlines over the weekend, including Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL), Apple Inc. (NASDAQ:AAPL) and Frontier Communications Corp (NASDAQ:FTR). Amazon has reportedly snubbed some of the Google parent company’s line of smart home products, which has prompted Nest — owned by Google — to not restock its items on the retailer’s site once they sell out.
- Reuters•6 hours ago
Caterpillar drives sales on China's new Silk Road
CHICAGO/NANTONG, China (Reuters) - At a Caterpillar facility in the eastern Chinese city of Nantong, an array of excavators, earth movers and road-making machinery is displayed on slopes and in mud pits. The audience is Caterpillar's local network of dealers, who inspect the machines for the latest technological innovations to help make their sales pitches to buyers in China. Caterpillar has been investing heavily in China – the Nantong facility is one of 25 similar ones it has set up across the country – in the hopes of cracking the largest construction and mining equipment market in the world.
- Zacks•4 hours ago
Fretting Over Trump Tariffs? Buy 5 Ultra-Safe Stocks Now
President Trump wants to slap tariffs on foreign steel and aluminum to protect domestic producers. The Dow plunged for four straight trading sessions on Mar 2, while the industrials sector of the S&P 500 was hit the hardest. With the markets receiving a drubbing on Trump tariffs, investing in stocks that provide excellent risk-adjusted returns won’t be a bad proposition.
Reuters•3 hours agoAmazon mulling checking-account like product with big banks: WSJ
Shares of U.S. big banks came under pressure in early trading on Monday from broader selloff in the market and the WSJ report, Adam Sarhan, CEO of 50 Park Investments said. "Whenever you see a headline show up Amazon coming in and offering checking accounts with JPMorgan that triggers investors to sell first in the face of uncertainty and ask questions later," he said. In January, Amazon.com, Berkshire Hathaway Inc (BRKa.N) and JPMorgan said they will form a company to cut health costs for hundreds of thousands of their employees.
Yahoo Finance•7 hours agoYahoo Finance Presents: The Retail Revolution
The retail business has been evolving at a dizzying pace. This unforgiving pace of change is aptly captured in Amazon’s log-scaled stock price chart, which is essentially a manifestation of Moore’s Law applied to retail. While e-commerce continues to capture only a fraction of the overall consumer retail market (13% of 2017’s $3.5B total adjusted U.S. retail sales, or less, depending on how you slice the market), e-commerce punches above its weight contributing to 49% of the sector’s year-over-year growth, according to data released by the U.S. Commerce Department in February. The omni-connected consumer and “never closed” retailer have and will continue to transform the sector both online and off.
- TheStreet.com•yesterday
Stock Splits and Options Volatility
My list of potential stock split candidates continues to grow as the many stocks that could and probably should split their stock gets ever larger in number. Stock splits do not change the value of your stock holdings. In other terms, those who are long the options of the underlying stock about to be split normally do see a rise in value of their long calls and puts.
Reuters•5 hours agoAs its wealth fund goes green, Norway's firms struggle to keep up
By Alister Doyle Environment Correspondent OSLO (Reuters) - Many Norwegian companies lag high standards for reporting their impact on the environment that the Nordic nation's $1 trillion wealth fund is championing abroad in 2018. The world's biggest sovereign wealth fund, which is barred by the Norwegian government from investing at home, wants the 9,100 companies in which it holds stakes to submit data on issues such as water use and climate effects to London-based non-profit group CDP, formerly the Carbon Disclosure Project. In Norway, just two firms - DNB bank and property firm Entra - were on a CDP list of 160 "A" rated performers worldwide for disclosure in 2017.
- Zacks•3 hours ago
5 Stocks to "Steel" the Show on Proposed Trump Tariffs
President Donald Trump’s proposal of imposing tariff on imported steel and aluminum saw domestic steel stocks rally on Thursday. Although certain quarters feel that this might spark a trade war and disbalance the global economy, eventually affecting profits of exporters, the proposal has been cheered by U.S. steel and aluminum manufacturers. Domestic steelmakers see this move as Trump’s initiative to revive the steel and aluminum industry that has been declining over the last few decades.
- CNBC Videos•12 hours ago
Saudi Arabia, Egypt announce $10 billion investment deal
CNBC's Hadley Gamble reports on news that Egypt and Saudi Arabia are to jointly fund a mega city in Egypt's southern Sinai peninsula.
- Bloomberg•3 hours ago
Walmart Offering Prepared Meals
For the first time, Walmart will start offering prepared meals at its stores #tictocnews https://bloom.bg/2FU3H4Q More from Bloomberg.comIt Could Be Crunch Time for World's Third Most-Indebted
- American City Business Journals•3 hours ago
Police release 911 transcripts of people who walked into glass at Apple’s new headquarters
Police in Cupertino have released 911 transcripts of three separate calls in early January of Apple employees who walked into glass doors, windows and walls at the company’s futuristic new campus — injuring themselves so badly they required medical attention. “Um, I walked into a glass door on the first floor of Apple Park when I was trying to go outside, which was very silly,” one employee said in a Jan. 5 call to police, according to a copy of the call obtained by the San Francisco Chronicle . You walked through a glass door?” the 911 dispatcher asks.
Reuters•2 hours agoGold slips but Italy vote, trade war fears provide support
Gold edged lower on Monday as a stronger dollar outweighed the impact of uncertainty created by Italy's election result and fears of a potential global trade war. Spot gold was down 0.2 percent at $1,320.01 per ounce by 1515 GMT after touching its highest since Feb. 27 at $1,327.86. U.S. gold futures for April delivery fell 0.2 percent to $1,321.20 per ounce.
Reuters•20 minutes agoWall Street extends gains as fears of trade war ease
The Dow was up 1 percent in early afternoon trading on Monday, after slumping 140 points at open, while all the 11 S&P sectors were higher, led by the information technology index . U.S. House Speaker Paul Ryan urged the Trump administration not to move forward on new tariffs, citing risks to the economy.
- MarketWatch•3 hours ago
Dow industrials see stiffest headwind from Boeing's stock in early trade
The Dow Jones Industrial Average was being dragged firmly lower on Monday, with shares of Boeing Co. serving as the biggest weight on blue chips. Boeing's stock was down 1.9%, or $6.49, cutting about 40 points from the Dow in early trade. A $1 move in any one of the Dow's 30 components equates to a 6.89-point move.
- U.S.News & World Report•4 hours ago
Trade War Would Impact Apple
U.S. stocks tumbled last week after President Donald Trump announced new tariffs on steel and aluminum imports. While the new tariffs may not have much of a direct impact on Apple, Inc. (Nasdaq: AAPL), an all-out trade war with China is a different story. If the tariffs apply to finished products and not just raw materials, Loup Ventures estimates the price of iMacs and iPhones could rise by as much as 0.2 percent.
Bloomberg•21 hours agoStocks Rise on Speculation Trade Threat Is Easing: Markets Wrap
U.S. stocks rose and Treasuries fell as investors speculated that President Donald Trump’s tough tariff talk won’t translate into the most severe protectionist policies. The S&P 500 Index advanced for a second day after hedge fund billionaire Ray Dalio called the threat of a trade war “political show” and House Speaker Paul Ryan urged the president to reconsider tariffs on steel and aluminum. Trump when asked about the congressman’s comment said he won’t back down on trade.
- Zacks•3 hours ago
JD.com (JD) Q4 Earnings Miss Estimates, Revenues Improve Y/Y
JD.com, Inc. JD reported fourth-quarter earnings of 5 cents per share, missing the Zacks Consensus Estimate of 9 cents.Earnings were impacted by increasing investments in new business lines including logistics investments, overseas expansion, artificial
Yahoo Finance•3 hours agoAXA to buy XL Group, U.S. gives Qualcomm order, Apple may unveil new MacBook, Google to expand in NYC
French insurer AXA is buying Bermuda-based insurance company XL Group (XL) in a deal worth $15B. The US is ordering chip maker Qualcomm (QCOM) to delay its shareholder meeting this week. The rare request from Washington delays Qualcomm’s vote on whether to replace six of its directors with nominees from Broadcom.
- MarketWatch•yesterday
Salesforce stock carves out new records as analyst lovefest continues
Salesforce.com Inc. shares have been trading at their highest-ever levels after more than two-thirds of the analysts who cover the customer-relations management software hiked their price targets on the stock following another strong earnings report. Salesforce (CRM) shares closed up 2.1% at a record high of $121.92 on Friday, after touching an all-time intraday high of $122.47 Thursday. Salesforce shares are up more than 19% in 2018 and more than 47% over the past 12 months, compared with a 0.6% year-to-date gain on the S&P 500 index (^GSPC), which is up 13% over the past 12 months.
Reuters•27 minutes agoU.S. security panel deals major blow to Broadcom's bid for Qualcomm
The Committee on Foreign Investment in the United States (CFIUS), which reviews deals for potential national security concerns, does not typically review mergers before companies have clinched an agreement. CFIUS asked Qualcomm to postpone its shareholder meeting, that had been scheduled for Tuesday, by 30 days.
