- InvestorPlace•18 hours ago
Costco Emergency Kits for the Apocalypse: What They Cost and Contain
Costco Wholesale Corporation (NASDAQ:COST) announced that its consumers will be able to prepare for the apocalypse with emergency kits created by the retailer. As previously mentioned, the Costco preppers can go for a little as $999.99, as that price will get you 96 cans and feed one person for a year on a diet of 1,200 calories per day. The priciest of the emergency kits will set you back $5,999.99 and it comes with 600 cans of food, capable of feeding four people a year on a per-person diet of 2,000 calories a day.
- Fortune•yesterday
Toys 'R' Us Is Considering Closing All of Its U.S. Stores Amid Bankruptcy
Toys “R” Us Inc. is making preparations for a liquidation of its bankrupt U.S. operations after so far failing to find a buyer or reach a debt restructuring deal with lenders, according to people familiar with the matter. While the situation is still fluid, a shutdown of the U.S. division has become increasingly likely in recent days, said the people, who asked not to be identified because the information is private. Hopes are fading that a buyer will emerge to keep some of the business operating, or that lenders will agree on terms of a debt restructuring, the people said.
- The Street•15 hours ago
Rule Changes at Fannie, Freddie Could Add $400 to Monthly Mortgage Payments
Fannie Mae (FNMA) and Freddie Mac (FMCC) , two government-sponsored enterprises that finance more than 45% of U.S. mortgages, could raise monthly mortgage payments by $400 based on new rules being discussed in Congress. Government officials have been looking to limit the exposure U.S. taxpayers have to the lenders in case the housing market crashes again, and an analysis by Zillow Group Inc. (Z) suggested that those rules changes could result in mortgage bills that are hundreds of dollars steeper per month. Based on Zillow's analysis, the typical borrower would pay an additional $390 per month on the median U.S. home for a 15-year fixed rate mortgage. A 30-year non-conforming loan would cost
- Fortune•12 hours ago
Broadcom Shares Surge on Reports That Intel Is Considering an Acquisition
Shares of semiconductor company Broadcom surged following a report on Friday that is considering an acquisition. Broadcom’s stock rose 4% in after-hours trading on Friday to $264.21 after the Wall Street Journal reported of Intel's interest in acquiring Broadcom, which engaged in a hostile takeover attempt of mobile chip maker . The Wall Street Journal reported that Intel was pondering an acquisition of Broadcom as one of a number of possible deals to help Intel remain competitive if and when Broadcom buys Qualcomm .
- Bloomberg•yesterday
Aging Oil Fields Defy Gravity to Pump More Crude
Bob Dudley, in his 38 years in the oil industry, has never seen anything like what happened with BP Plc’s old fields last year: They gushed more crude. “I cannot remember ever in my career having seen a negative decline rate,” the British oil-giant’s chief executive officer said in an interview on the sidelines of the CERAWeek by IHS Markit energy conference in Houston. The fact that Dudley isn’t alone in seeing mature fields dwindling less than expected -- and in BP’s case surprisingly increasing -- means the Organization of Petroleum Exporting Countries has one more thing to worry about. As if the shale boom wasn’t enough of a headache. Better results from legacy fields, also observed by producers
Reuters•20 hours agoWynn Resorts to pay $2.6 billion to settle lawsuit with Japan's Universal
Wynn Resorts Ltd has agreed to pay $2.6 billion to settle a lawsuit brought by Japan's Universal Entertainment Corp and its U.S. unit, ending a six-year old dispute that pitted casino mogul Steve Wynn against his former associate Kazuo Okada. The size of the compensation was lower than market expectations and sent shares in Universal, a maker of Japanese-style slot machines and the operator of a casino in the Philippines, plunging 16 percent in Thursday trade in Tokyo. The lawsuit relates to Wynn Resorts' 2012 forced redemption of a stake held by Universal's unit Aruze USA at a 30 percent discount after an internal investigation by former FBI director Louis Freeh alleged Okada had violated U.S. anti-corruption laws.
- InvestorPlace•20 hours ago
The Sky Is the Limit for Weibo Corp (ADR)
Weibo Corp (ADR) (NASDAQ:WB) isn’t always the first company that Americans think of when they think of the online juggernauts in China. But they should. Source: Shutterstock Usually in American press, WB is said to be “the Twitter Inc (NYSE:TWTR) of
- CNBC Videos•13 hours ago
Cramer: Kroger's latest quarter made all the supermarket ...
Jim Cramer explains why shares of Kroger were obliterated after the supermarket chain reported earnings.
Business Insider•yesterdayThe stock market hit its financial-crisis bottom 9 years ago — here's how much you'd have made if you started investing then
The S&P 500 hit its financial-crisis low nine years ago. Buying into the stock market at that time would have been a very lucrative investment. It has been nine years since the S&P 500 hit its lowest point of the 2008 financial crisis.
InvestorPlace•17 hours agoWill Advanced Micro Devices, Inc. Stock Be Acquired?
At one point Wednesday, shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) were up 9%. While AMD stock only ended the day with gains of 4.1%, it was still a respectable gain. Word on the Street is that someone is looking to buy Advanced Micro Devices.
- InvestorPlace•19 hours ago
Toys R Us Liquidation: What Consumers Can Expect
A recent report claims that the toy retailer is considering liquidation plans for its U.S. business. If a Toys R Us liquidation occurs, there will likely be a period of time where it will be selling items for heavy discounts as it goes out of business. The liquidation will likely include Babies R Us as well.
The Street•17 hours agoThis Must Happen for Apple to Finally Explode Beyond $1 Trillion Valuation
For Apple's (AAPL) stock to explode beyond a $1 trillion market cap, not just hover around it, a couple key things have to happen. First, Action Alerts Plus holding Apple has make good on its promise to aggressively spend its $285 billion plus in cash. If it does, the payoff could be huge. Researcher BDVD said this week Apple may increase stock buybacks to $65 billion a year and boost dividends by 15% annually for the next five years. The firm estimated the buyback will be worth a whopping 98 cents a share in fiscal 2019 and 30% cumulatively by 2023. Price target from BDVD on Apple: $368, or up 109% from current levels. Second consideration is that Apple's service revenue has to accelerate
- CNBC Videos•15 hours ago
GE explores sale of electrical engineering unit: Report
CNBC's Courtney Reagan reports General Electric is looking to sell its electrical engineering unit, according to Reuters.
- TheStreet.com•2 days ago
Is Kroger's Crash a Double-Coupon Opportunity?
When you follow the stock market for as long as I have you develop a very wide base of industry inputs. Industry scuttlebutt centered around private equity players, and that showed the value in the supers.
- Business Insider•22 hours ago
This chart created by Merck's CEO helps the pharma giant set its long-term strategy
Merck & Co. CEO Kenneth Frazier spoke at the CECP's CEO Investor Forum in February, stressing the importance of creating long-term value. This post is part of Business Insider's ongoing series on Better Capitalism. When Kenneth Frazier became CEO of Merck & Co. in 2011, he knew from the outset that consideration of all the company's stakeholders — customers, investors, employees, and society at large — was going to be crucial to the success of his tenure.
- barrons.com•20 hours ago
Steel Stocks Hammered After Tariffs
After a wild ride in recent weeks, markets finally settled up on news of the final tariff plan out yesterday: As expected, steel imports will face a 25% tariff, and aluminum 10%, although Canada and Mexico will be excluded for now. So that's good news for steel stocks right? You wouldn't know to look at the market today, as U.S. Steel (X), AK Steel Holding (AKS), Nucor (NUE), and Steel Dynamics (STLD) are all falling Friday. The shares took a hit yesterday too, and even their initial rally last week didn't last long. Nonetheless, the tariffs are expected to support higher steel prices. Cowen & Co.'s Novid Rassouli writes that he sees upside for the entire steel group, given that the stocks are
InvestorPlace•17 hours agoSomething’s Got to Give for Micron Technology, Inc. Stock
In my look at Micron Technology, Inc. (NASDAQ:MU) from late September, I opined that the three successive upgrades of Micron stock were likely only the beginning. After Evercore ISI and Susquehanna raised their price targets and Goldman Sachs upped its stance on Micron stock to an outright “Buy,” it became much easier for others to follow suit.
- CNBC.com•15 hours ago
Chart analysts are getting worried about bitcoin: 'No touch'
Bitcoin's drop this week paints a pretty discouraging picture for the near future, technical market analysts say. Critically, bitcoin failed Monday to break above a key level close to $12,000, they said. The cryptocurrency has fallen more than 20 percent since amid a slew of negative headlines that have raised worries about regulatory crackdown on exchanges. If bitcoin is to retest its highs soon, it must first top $11,500 and $14,300, said Frank Cappelleri, executive director, institutional equities at Nomura Instinet. "Longer term, bitcoin is now back below a key uptrend line," Cappelleri said. "The last time it tested this support line, demand flooded the cryptocurrency. If that doesn't happen
- MarketWatch•20 hours ago
More than 40% of Americans may be at risk of going broke in retirement
When it comes to retirement and money, we usually hear mostly bad news. But a recent survey on retirement saving trends serves up a bit of good news. The number of people who expect to retire “broke”, meaning they have less than $10,000 saved for retirement fell, to 42% from 55% last year, according to a survey by GoBankingRates. This also means that more than half of Americans have more than $10,000 saved for retirement. Now, knowing that estimates for out-of-pocket health care in costs in retirement are around $275,000 and climbing, having $10,000 saved up isn’t exactly comforting, but assuming the savers have awhile to go before retirement, it’s a start. (Look, we said it was good news, not
- Bloomberg•16 hours ago
Can Paw Patrol Save Spin Master? At Least One Analyst Thinks So
Investors toying with the idea of dumping Spin Master Corp. stock on some bad news about one of its biggest customers may want to think again. Shares of the Canadian toymaker are under pressure after Toys ‘R’ Us was said to liquidate its bankrupt U.S. operations, sending other toy stocks like Mattel Inc. and Hasbro Inc. reeling. Spin Master has some of the “hottest” toys in the business, Raymond James analyst Kenric Tyghe wrote in research note following the news. “While potential liquidation sales could be modestly disruptive for a period of time in 2018, we believe that it is important to remember that a single (albeit large) retailer going out of business will not shrink the market, given
Reuters•18 hours agoOil prices rise more than 2 percent amid broad market optimism
Oil prices rose more than 2 percent on Friday, rebounding from two days of declines as Wall Street climbed on strong U.S. jobs data, while investors also grew hopeful that a planned meeting between U.S. President Donald Trump and North Korea's Kim Jong Un could ease geopolitical tensions. Brent crude (LCOc1) futures rose $1.54 to $65.15 a barrel, a 2.4 percent gain, by 1:20 p.m. EST (1820 GMT). West Texas Intermediate (WTI) crude (CLc1) futures rose $1.63 to $61.75 a barrel, a 2.7 percent gain.
- barrons.com•12 hours ago
After the Bell: Dow’s 440-Point Gain Caps a Week to Remember
The Dow Jones Industrial Average gained 440 points—count 'em, 440—today. In today's After the Bell, we... •...wonder whether the markets rally can continue; •...consider whether tariffs are really the nonissue they appear to be; •...explain how the potential liquidation of Toys 'R' Us could hit a company that isn't Hasbro or Mattel. Now That's What We Call a Rally It wasn't the week that changed the world, but it'll do for now. Last week, the market tumbled 3%, and on Monday we were still worried about what the Trump administration's tariff plan might look like, and whether February's payrolls report would show a big increase in wages. The tariffs proved to be fairly benign, however, and wages
- The Street•yesterday
Netflix in Talks With Former President Obama to Create Exclusive Shows
Netflix Inc. (NFLX) shares were marked higher in pre-market trading Friday after reports that former U.S. President Barack Obama is in 'advanced' talks to produce a series of exclusive programs for the online video streaming group. The New York Times reported late Thursday that the former President and his wife, Michelle Obama, would partner on a series of "inspirational" programs for Netflix''s 118 million global subscribers. While not designed to directly attack the polices of President Donald Trump, the Times reported that the programs would focus on issues such as healthcare, voting rights, foreign policy and immigration. The paper also reported that Apple Inc. (APPL) and Amazon Inc. (AMZN)
Reuters•14 hours agoGoldman CEO Blankfein prepares to exit as soon as year-end -WSJ
Blankfein, 63, one of the longest-serving CEOs on Wall Street, has led what is viewed as the most powerful U.S. investment bank for nearly 12 years. Blankfein appeared to distance himself from the Journal's report on Friday afternoon. "It's the @WSJ's announcement...not mine.
- Bloomberg•yesterday
Corporate America Makes Its Case That Trump Tariffs Don't Apply
Across corporate America, the race is on to dodge the tariff. Just as President Donald Trump left the door open for countries to apply for exemptions to the 25 percent levy on steel and 10 percent on aluminum, his official proclamations Thursday also offer some workarounds for companies. Under the new rules, an importer can ask the Commerce Department for a waiver if there’s a limited supply of the product in the U.S. or if national security is at stake. How that’ll be interpreted is anyone’s guess, but aluminum can makers, pipeline builders and car companies are now building their cases for why the tariffs shouldn’t apply to them. “The can industry relies on imported metal to make up for shortfalls
