Associated Press•10 hours agoLong-term US mortgage rates fall for first time this year
Long-term U.S. mortgage rates fell this week for the first time this year as the spring home buying season begins. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year fixed-rate mortgages slipped to 4.44 percent from 4.46 percent last week. The benchmark rate averaged 4.30 percent a year ago.
- Yahoo Finance•9 hours ago
Senate gives consumers free credit freezes — but also gifts for Equifax
On Wednesday evening, the Senate passed a bill that would roll back some banking regulations. Indirectly, the bill addresses Equifax’s historic data breach in which Social Security numbers and other personal data of 150 million people were exposed — a number that comprises well over half the U.S.’s adult population. Mark Warner (D-Virg.) and Elizabeth Warren (D-Mass.) had put forth a bill in January that would hold credit reporting agencies responsible for breaches, it did not progress and Congress had failed to issue a legislative response to the Equifax breach.
Yahoo Finance•12 hours agoWells Fargo in more trouble, Disney restructures, iHeartMedia files for bankruptcy, Apple helps parents
Reuters reports that Wells Fargo (WFC) is facing fresh sanctions after it tricked customers, this time in the auto sector. Regulators found that while Wells already requires its customers to have auto insurance, it was using a loophole to force more than half a million consumers who had a lapse in insurance, to double up and then made profits on those payments. Disney (DIS) is prepping for CEO Bob Iger’s retirement.
- FX Empire•20 hours ago
Bitcoin Cash, Litecoin and Ripple Daily Analysis – 15/03/18
Following a 1.04% gain on Tuesday, things became particularly bleak for cryptocurrency investors on Wednesday, with Bitcoin Cash tanking 10.4% to $942.8 by the day’s end. Support levels were more than tested as Bitcoin Cash fell through the day’s first major support level of $1,000 in the early afternoon, with the sell-off continuing through to the close, few buyers jumping in at any level, as the market responded to a flurry of negative news reports hitting the crypto wires through the day. The second blow came from the cryptocurrency session in Congress that certainly did no favours for Bitcoin Cash and the rest, a number of members of Congress having some quite damming things to say about the market, which was in stark contrast to expectations that the session would be treated as an educational session.
- CNBC Videos•14 hours ago
China won't target Boeing. Here's why
The "Squawk on the Street" crew talks about what's likely weighing down shares of Boeing.
- CNBC.com•15 hours ago
This could get 'very ugly, very fast' for Boeing, says one market expert
Boeing lands in correction territory sinking more than 2 percent 13 Hours Ago | 02:19 Boeing is on track for its worst week in two years, and with so much political uncertainty surrounding trade policy, more pain could be ahead, according to one long-time market watcher. "The question is really not economic. It's political at this point," Boris Schlossberg, managing director of FX strategy at BK Asset Management, said on CNBC's "Trading Nation" on Wednesday. Boeing shares have been weighed down by a potential trade war between President Donald Trump and China. A proposed trade package imposing tariffs on $60 billion worth of China-made goods could spark retaliation from the world's second-largest
- Bloomberg•12 hours ago
Steve and Elaine Wynn Settle Fight Over Control of Company Shares
Former gambling mogul Steve Wynn and his ex-wife Elaine settled a six-year-long dispute over who controls their shares in the casino company they once ran, freeing both to sell the stock. Wynn Resorts Ltd. said in a filing Thursday that the pair, who together control 21 percent of the company, have told a Las Vegas court they no longer consider a 2010 stockholder agreement valid. The filing also said Steve Wynn may seek to sell all or a portion of his shares.
- Zacks•12 hours ago
Why Is Alibaba (BABA) Stock Popping Today?
Shares of Alibaba BABA popped about 3% in early morning trading Thursday after a new report suggested that the e-commerce behemoth is planning for a stock listing in its home country of China. Citing people familiar with the matter, The Wall Street Journal reported early Thursday that Alibaba could be on track for a domestic stock listing as soon as this summer, so long as Chinese securities laws are revised to allow such an offering. This latest development comes on the back of Alibaba founder Jack Ma’s recent comment that his company will “seriously consider” a public listing in Hong Kong.
Yahoo Finance•8 hours agoBUFFETT: I made a mistake not buying JPMorgan stock
Warren Buffett said that Berkshire Hathaway (BRK-A, BRK-B) made a “mistake” by not investing in JPMorgan Chase (JPM). Buffett, 87, has publicly praised JPMorgan’s CEO Jamie Dimon. “I should’ve [invested],” Buffett told Yahoo Finance editor-in-chief Andy Serwer in a wide-ranging interview in Omaha, Nebraska, recently.
Business Insider•yesterdayThe SEC isn't sending Theranos CEO Elizabeth Holmes to jail for fraud — here are her punishments
Elizabeth Holmes has been charged with engaging in a "massive fraud" by the Securities and Exchange Commission. Instead, it brings civil or administrative cases. The Department of Justice is also investigating the matter — but that's a separate case.
- Bloomberg•yesterday
Sears Gains After Tax Benefit Helps Retailer Swing to a Profit
Sears Holdings Corp. jumped 17 percent in late trading after the U.S. tax overhaul helped the ailing retailer post a rare quarterly profit. Net income amounted to $182 million in the fourth quarter, compared with a $607 million loss a year earlier, Sears said on Wednesday. The company got a roughly $470 million boost from the federal tax changes, which slashed corporate rates. Sears alerted investors to the expected windfall last month, saying profit would be $140 million to $240 million. Sears also cut its long-term debt to $3.2 billion, down $1 billion from a year earlier. The results have helped bring some optimism to investors, even as the chain’s sales continue to plummet. Its same-store
- InvestorPlace•13 hours ago
3D Systems Corporation Stock Will Print You Profits
3D Systems Corporation (NYSE:DDD) reported earnings last night and the immediate reaction was a +9% rip in DDD stock. So obviously management delivered what Wall Street wanted to hear. I am a big fan of the concept of 3-D printing, but so far I am not
- CNBC.com•2 days ago
Tillerson's exit has 'very big implications' for oil prices: RBC’s Helima Croft
Tillerson's exit could rattle global oil markets and push prices higher, RBC's Helima Croft warns 16 Hours Ago | 01:57 With an expertise in geopolitics, RBC Capital Markets' Helima Croft says Rex Tillerson's exit could create "very big implications" for the global oil markets. Croft, who has held positions at the Council on Foreign Relations and the CIA, sees President Donald Trump's decision to tap Mike Pompeo as secretary of State as a bullish catalyst for oil prices. According to Croft, Pompeo's appointment will likely be the "nail in the coffin" for the Iran nuclear deal and spur additional sanctions on Venezuela. "Rex Tillerson had been a moderating influence in the Trump administration.
The Street•yesterdayWhy Cisco Systems Is Looking Like a Must-Own Stock
What are the best stocks to buy right now? According to the analysts at Morgan Stanley, Cisco Systems, Inc. (CSCO) is one to consider. The team published a report of the best stocks worthy of a fresh investment. While it included some great companies like Walt Disney Co. (DIS) and Action Alerts Plus holding Microsoft Corporation (MSFT) , the name that stuck out the most to TheStreet's Jim Cramer was Cisco. Speaking on CNBC's "Stop Trading" segment, Cramer noted the company's low valuation and 3% dividend yield. From the analysts' report, Cisco is one of the "best positioned to provide software and security." Cramer, who's in San Francisco at the moment, said a number of companies he has spoken
- Zacks•2 days ago
Realty Income (O) Announces Hike in Monthly Dividend Payment
Delighting its shareholders, retail REIT Realty Income Corporation O has announced a hike in its common stock monthly cash dividend. This is the company’s 96th dividend increase since its NYSE listing in 1994. The company will now pay 21.95 cents per
Associated Press•6 hours agoWithout Toys R Us, 30,000 jobs, a black hole for toy makers
The demise of Toys R Us will have a ripple effect on everything from toy makers to consumers to landlords. The closing of the company's U.S. stores over the coming months will finalize the downfall of the chain that succumbed to heavy debt and relentless trends that undercut its business, from online shopping to mobile games. CEO David Brandon told employees Wednesday the company's plan is to liquidate all of its U.S. stores, according to an audio recording of the meeting obtained by The Associated Press.
- CNBC Videos•15 hours ago
Largest US radio company iHeartMedia files for bankruptcy
IHeartMedia Inc filed for Chapter 11 bankruptcy as it reached an in-principle agreement with creditors to restructure its overwhelming debt load.
The Street•15 hours agoToys 'R' Us Liquidation Reveals a Dangerous Trend Forming in U.S. Retailing
The harsh, brutal reality about Sears: Read this bit of PR from Sears (SHLD) CEO/money manager/failed strategy man Eddie Lampert to employees and you would think the former retail icon is crushing it. "We are encouraged by the progress we are seeing and remain committed to our strategy to restore Sears Holdings to profitability so we can continue to serve our members for years to come," Lampert said in a blog post after releasing "earnings" on Wednesday. Review Sears' financial filing, and a person with an untrained eye would think, "Heck yeah, Sears is going to pull off the miraculous recovery Toys 'R' Us and Circuit City couldn't." But as TheStreet dove into Sears' results (on our 12th cup
- Zacks•15 hours ago
Applied Material, Cirrus Logic, Facebook, Alphabet and Baidu highlighted as Zacks Bull and Bear of the Day
March 15, 2018 – Zacks Equity Research highlights Applied Material AMAT as the Bull of the Day, Cirrus Logic CRUS as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Facebook FB, Alphabet GOOGL and Baidu BIDU.
- Zacks•13 hours ago
Ford (F) to Recall 1.38M Vehicles for Steering Wheel Issues
Ford Motor Company F has made the announcement of recalling around 1.38 million vehicles in North America, per a Reuters news. Concerns over potentially loose steering wheel bolts led to this recalls. It includes 1.3 million vehicles in the United States
- Yahoo Finance•10 hours ago
Market metric shows sentiment swinging toward Democrats after Pennsylvania election
After Tuesday’s special election in Pennsylvania, stocks show the Democrats are poised to take control. Pictured: Democrat Connor Lamb, right, and Republican Rick Saccone speak before the taping of their first debate in the special election in the PA 18th Congressional District. A pair of stock market metrics that track the performance of individual equities that would benefit from Democratic and Republican policies shows that momentum for policy action has shifted to the left after Pennsylvania’s special election on Tuesday in which Democrat Connor Lamb defeated Republican contender Rick Saccone.
- Zacks•12 hours ago
Try Luck O' the Irish With These Stocks on St. Patrick's Day
A large number of Americans plan to celebrate the Irish festival of St. Patrick’s Day on Mar 17 this year and spend as much as $5.9 billion, per National Retail Federation. The Guinness brand will find its pot of gold as about 13 million pints are expected to be consumed on St. Patrick’s Day.
- CNBC.com•14 hours ago
Alibaba shares jump after report it's considering a Chinese listing
Chinese e-commerce and technology giant Alibaba Group is planning for a stock listing in China, The Wall Street Journal reported Thursday, citing sources familiar with the matter. The offering could happen as soon as this summer if Chinese securities laws are revised to allow foreign companies to list, one source told the newspaper. "Since our IPO in the US, we have stated that if regulations allow, we would consider a listing in China," Alibaba said in a statement to CNBC. Shares of New York-traded Alibaba rose more than 3 percent Thursday morning Eastern time, hitting a high of $199.50 a share. In January, Alibaba founder Jack Ma said the company will "seriously consider" listing in Hong Kong.
- Bloomberg•2 days ago
Former Equifax CIO Charged With Insider Trading in Data Breach
The text from the Equifax Inc. executive sounded ominous: “We may be the one breached.” Yet before the wider world learned of the credit bureau’s massive hack -- in which sensitive information for more than 140 million U.S. consumers had been compromised -- the executive, Jun Ying, was selling Equifax stock, federal authorities now say. Six months after the cyberattack shook Equifax and raised questions about suspicious trading by several executives there, the Department of Justice on Wednesday charged Ying with insider trading. Prosecutors say he searched on the internet for what might happen to Equifax stock when the news of the attack broke, then exercised all of his stock options. The move
Reuters•7 hours agoS&P falls for fourth day as Mueller subpoena weighs
The S&P 500 ended slightly lower on Thursday after a report that U.S. Special Counsel Robert Mueller had issued a subpoena for documents related to U.S. President Donald Trump's businesses offset strong jobs and manufacturing data. The S&P fell to a session low soon after the New York Times report was released but recovered much of its losses by the market close. The Dow pared some gains but still ended higher for the first time in four days.
