- InvestorPlace•11 hours ago
The ‘New’ Alibaba Group Holding Ltd Stock Looks a Lot Like the Old One
Since Aug. 23, Alibaba Group Holding Ltd (NYSE:BABA) stock has gained just 2%. Alibaba stock has been mostly range-bound, save for the brief moment when BABA stock traded over $200 in late January. This performance likely seems disappointing, particularly after the run in BABA that got the stock to those levels.
Reuters•15 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.
The Street•5 hours agoBuy General Electric Stock for 50% Upside?
Shares of General Electric Company (GE) were flying Monday, up 3.25% at one point and ending higher by 2.12% to $14.42 at Monday's close. That's not something we see everyday for the stock. Helping sentiment is a research note from Nicholas Heymann, an analyst from William Blair. He's feeling better about GE stock and makes the case that shares can head to the $20 to $22 range, TheStreet's Jim Cramer pointed out on CNBC's "Stop Trading" segment. A few positives that Heymann sees going for GE stock? Oil prices increasing certainly helps, as should the three new directors the company just added. GE's aviation and health care segments should also continue to do well. No stock falls 50% over the
- TheStreet.com•19 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.
- Barrons.com•19 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.
- Reuters•17 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.
Associated Press•2 hours agoAsian stocks surge despite trade tensions after US gains
BEIJING (AP) — Asian stock markets surged Tuesday despite U.S.-Chinese trade tensions after Wall Street posted its strongest gains in a weekKEEPING SCORE: Tokyo's Nikkei 225 index jumped 2.1 percent to 21,490.45 while Hong Kong's Hang Seng gained 1.3
- Zacks•19 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.
Reuters•15 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.
- CNBC Videos•10 hours ago
Fidelity puts 6 million savers on a risky path to retirem...
The mutual funds in Fidelity's flagship retirement franchise have outperformed at least 85 percent of their competitors, yet client money has continued to flow out.
Yahoo Finance•14 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.
- Bloomberg•15 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
Reuters•16 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.
- MarketWatch•11 hours ago
GM and Ford would suffer a $1 billion profit hit if steel tariffs are enacted, says Goldman
General Motors Co. and Ford Motor Co. would each take a $1 billion profit hit if proposed steel tariffs advance in Washington, according to analysts at Goldman Sachs. Steel is the primary material used by GM (GM) and Ford (XNYS:F), the analysts said in a note. “Based on 2017 production mix, if the proposed tariff of 25% on imported steel translates into a similar magnitude of increase in steel prices, it would impact each firm by roughly $1 billion, representing 12% and 7% of their 2017 adjusted operating income, respectively,” they said.
Reuters•14 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.
- CNBC Videos•19 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.
- Bloomberg•14 hours ago
Coinbase Hires LinkedIn's Deals Maven to Help Ramp Up Expansion
Coinbase Inc., one of the largest U.S. cryptocurrency exchanges, is dialing up its expansion efforts by bringing in a prolific Silicon Valley dealmaker. The closely held San Francisco-based firm named Emilie Choi as vice president of corporate and business development. Choi, who oversaw 40 deals at LinkedIn, sees similar activity coming up for Coinbase.
Reuters•10 hours agoUnited Air hits pause on changes to bonus program after employee uproar
United Airlines is discontinuing proposed changes to its performance incentive program, the carrier announced on Monday, after employees expressed outrage at the elimination of regular bonuses. United President Scott Kirby wrote in a memo to employees that the carrier was "pressing the pause button" on unpopular changes to its merit bonus system that would scrap quarterly performance bonuses in favor of lottery drawings for cash prizes, luxury cars and vacation packages. Kirby's decision comes at a particularly challenging time for United Airlines as the carrier grapples to reassure shareholders and appease employees amid lagging financial performance compared with rivals' and demands for better wages and benefits.
- Associated Press•10 hours ago
Restaurant review platform The Infatuation buys Zagat
Restaurant discovery platform The Infatuation says it has entered into an agreement with Google to purchase Zagat, known for its heavily-quoted, crowd-sourced restaurant reviews in the pre-internet era. The Infatuation said Monday it would operate Zagat as a separate brand while expanding its user surveys and developing a new technology platform for the brand. Founded in 2009, The Infatuation operates through a web site, mobile app and social media.
- Yahoo Finance•yesterday
Jobs report, Costco earnings, tariff fallout — What you need to know for the week ahead
The chaotic month of February came to an end for investors last week. In the week ahead, investors will continue to grapple with the economic consequences of newly-imposed tariffs and potential retaliation from other U.S. trading partners, while also bracing for the month’s biggest economic report — the February jobs report. This report will come a little less than two weeks before the Federal Reserve’s next interest rate decision, scheduled for March 21, which is expected to see the central bank raise interest rates by 0.25%.
- MarketWatch•13 hours ago
GE's stock surges to pace Dow gainers
General Electric Co.'s stock surged 3.2% in midday trade, enough to pace the Dow Jones Industrial Average's gainers. Despite Monday's big percentage rally, the 46-cent price gain only added about 3 points to the price of the Dow, which was up 193 points. In comparison, the Dow has gained 0.1% this year, 2.3% the past three months, 14% the past 6 months and 18% the past year.
- barrons.com•9 hours ago
Tariffs or No Tariffs, These Six Stocks Might Be in For Wild Rides
Just how President Trump’s controversial proposal to impose tariffs on steel and aluminum imports will play out is very hard to say. Speaker Paul Ryan and other Republicans are trying to lobby the president to back away from his idea, concerned about a global trade war that would hurt U.S. companies and consumers. One of the worries is that U.S. companies that depend heavily on sales from overseas could be harmed. In the meantime, some of these companies’ stocks will rise and fall depending on the latest turn of events – or tweet -- in this debate. For example, Expeditors International of Washington (EXPD), 3M (MMM) and Boeing (BA) all lost ground last week. Their shares were down 3.4%, 2.8%
- Zacks•15 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
- InvestorPlace•18 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.
- Zacks•15 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.
