Associated Press•yesterdayLong-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.
- MarketWatch•16 hours ago
Tax ruling sparks selloff of once-hot MLPs, and other energy stocks
A tax ruling triggered a selloff in MLP exchange-traded funds and MLPs on Thursday, with the headwinds spilling over to the broader energy sector as midstream companies bore the brunt of the losses. The Federal Energy Regulatory Commission said Thursday it will no longer allow master limited partnership natural gas and oil pipelines to recover an income tax allowance in cost-of-service rates. Among MLPs, steepest losses included those of Plains All American Pipeline LP (PAA) and Energy Transfer Partners LP.
- InvestorPlace•11 hours ago
The Future Is Bright for Cisco Systems, Inc. Stock
Cisco Systems, Inc. (NASDAQ:CSCO) is up around 11% since it announced earnings in February, bringing its market cap to $218 billion. Could CSCO stock be trading like a tech stock again? For most of the 2010s, Cisco has been trading like an income stock, something you buy for its dividend yield.
Yahoo Finance•yesterdayWells 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.
- CNBC.com•2 days 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
- Zacks•15 hours ago
Surging Earnings Estimates Signal Good News for Hewlett Packard (HPE)
Hewlett Packard Enterprise Company HPE manufactures, recycles, and markets steel and metal products that could be an interesting play for investors. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Hewlett Packard could be a solid choice for investors.
- CNBC Videos•10 hours ago
This expert says millennials are not working enough to sa...
CNBC’s Sharon Epperson speaks with Diane Oakley, National Institute on Retirement Security executive director, about millennials facing problems with saving for retirement.
- Bloomberg•yesterday
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.
Yahoo Finance•yesterdayDow pares gains as Mueller subpoenas Trump Organization
Stocks pare gains as the Mueller investigation reportedly targets the Trump Organization. Plus, we have after-hours earnings with Broadcom, Adobe, and Overstock.com all coming up. And Spotify’s NYSE listing now has a date, but it still isn’t like any
- FX Empire•2 days 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.
- Bloomberg•yesterday
Pipeline Sector Rallies After `Overreaction' to New Tax Policy
Companies from billionaire Kelcy Warren’s Energy Transfer Partners LP to pipeline giant Enterprise Products Partners LP issued a slew of statements following Thursday’s declines on Wall Street as they sought to downplay the significance of the Federal Energy Regulatory Commission’s ruling that master-limited partnerships can no longer get credit for income taxes they don’t actually pay. The affected assets are large, interstate pipelines that, generally speaking, were built in an era of little competition in shipping America’s fossil fuels -- back when government oversight of shipping rates was essential. “The initial sell off was an overreaction that assumed all pipelines in the U.S. are FERC-regulated and that their cash flows were immediately going to fall,” said Rob Thummel, managing partner at Tortoise Capital Advisors.
- Yahoo Finance•yesterday
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.
- Zacks•yesterday
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.
- CNBC.com•6 hours ago
Tech company Zuora files for $100 million IPO
Technology company Zuora released its IPO prospectus on Friday, revealing plans to trade on the public market. The cloud-computing company, which helps businesses manage subscription services, was backed by major investors like Blackrock and Benchmark. Its founder and CEO Tien Tzuo was an early Salesforce employee, and has been an outspoken advocate of subscriptions in the journalism business. It plans to list on the New York Stock Exchange under the symbol "ZUO." Here are stats for its most recent fiscal year, which ended January 31: - Revenue: $167.9 million, up about 49 percent from a year ago - Net loss: $47.2 million - Recurring profit margin: 28 percent - 950 customers in over 30 different
- MarketWatch•17 hours ago
Siberian gold rush ensues after $368 billion in bars tumble from plane
Temperatures near negative 24 degrees celsius in Yakutia, the coldest region in Russia, are not putting off would-be treasure hunters who literally saw gold fall from the sky on Thursday. A nine-ton treasure of gold and silver alloy called doré bars fell from the back of an AN-12 cargo plane flying from Yakutsk to Krasnoyarsk in an area largely at and around the airport, the Siberian Times reported.
- Bloomberg•11 hours ago
Why the U.S. Treasury Likes a Weak Dollar
The U.S. Treasury has been stealthily weakening the dollar. It isn’t clear if it is doing so consciously, but since a weaker dollar suits Treasury leadership, there probably isn’t too much concern. The key is that the Treasury is flooding the market with short-term debt that neither domestic nor foreign investors are very interested in buying.
- CNBC Videos•12 hours ago
Goldman: These "secular growth" stocks should boom
Goldman tells its clients to buy high growth companies at reasonable valuations.
- TheStreet.com•16 hours ago
What You Need to Know About the AT&T-Time Warner Trial
For President Trump, quashing the deal would be a victory against nemesis CNN, which is part of Time Warner. Opening statements begin March 21 in the U.S. District Court for the District of Columbia. Why is the government suing AT&T?
- Zacks•12 hours ago
UAL's Bad Week, Apple Magazine, Ford Recall, & Latest Trump Talk
(1:20) - United Airlines Pet Failures (9:00) - Apple Acquires Digital Magazine Texture: Apple Services Growth(13:20) - Ford Vehicle Recall and Analyst Upgrade(16:00) - Weekly White House Drama(21:00) - Episode Roundup: Podcast@Zacks.comOn today’s episode
- Zacks•14 hours ago
Why Is Williams Companies (WMB) Down 11% Since its Last Earnings Report?
It has been about a month since the last earnings report for Williams Companies, Inc. WMB. 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. Williams Companies reported adjusted earnings from continuing operations of 20 cents per share in line with the Zacks Consensus Estimate.
Associated Press•4 hours agoRapid building technique gets scrutiny after bridge collapse
As the 950-ton concrete bridge section was swung into place over a highway last weekend, Florida International University officials were beaming with pride. The pedestrian bridge on the edge of the Miami-area campus was a signature achievement of the school's Accelerated Bridge Construction University Transportation Center, a research group set up with federal funding a few years ago to show how spans could be built faster and cheaper in the U.S. "FIU is about building bridges and student safety.
Business Insider•5 hours agoQualcomm kicked its former CEO off the board after he said he might try to buy the $89.7 billion company (QCOM)
Qualcomm will not renominate its former chairman Paul Jacobs to the board of directors, the company announced Friday. Qualcomm also confirmed reports that Jacobs is looking to buy out the publicly traded company, and said it will evaluate the offer if it is made.
The Street•2 days 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
Yahoo Finance•yesterdayBUFFETT: 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.
- Reuters•12 hours ago
After pay vote, Disney investors question Iger's rich deal
Walt Disney Co Chairman and Chief Executive Robert Iger stands to earn up to $423 million over four years, according to a new analysis of a compensation package rejected by shareholders, and some investors want to raise the bar on his performance targets. Disney suffered a rare rebuke from its shareholders last week when a 52 percent majority opposed the compensation of Iger and other executives in a non-binding vote that could encourage the board to tweak the pay package. ISS Analytics, the data arm of proxy advisory firm Institutional Shareholder Services, estimated that if Iger hits maximum goals the package would make him the 12th-highest paid U.S. CEO on an annual basis in the past 10 years.
