Yahoo Finance•yesterdayTrumpcare will hurt these people next year
President Donald Trump has crowed about dismantling the Affordable Care Act, even as he has failed to repeal it. One group of health-care consumers have had a rough go during the last several years: The 6.7 million Americans who aren’t covered by an employer, who buy insurance on the individual market and who earn too much money to qualify for subsidies under the ACA. Trump wants to help people trim their health-insurance bill, and he has introduced several measures that will help — but only for people who don’t get hurt or sick.
- InvestorPlace•5 hours ago
The Selloff in Baidu Inc Stock Is a Golden Buying Opportunity
Last week, Baidu Inc (ADR) (NASDAQ:BIDU) announced that its Chief Operating Officer, former Microsoft Corporation (NASDAQ:MSFT) executive Qi Lu, would be stepping down as COO and transitioning to more part-time duties at BIDU. The market seems to think that the Lu exit is a big deal. Ever since that announcement, BIDU stock has dropped nearly 15%, equating to a $12-billion drop in market value.
- Investor's Business Daily•6 hours ago
Oil Prices Mixed After This U.S. Shock; OPEC, Russia Eye 'All Options'
Oil prices recovered some ground Wednesday after a surprise jump in U.S. crude inventories, which added another headwind to oil markets following suggestions that OPEC might increase production. The Energy Information Administration said domestic stockpiles
Reuters•14 hours agoWhy Caterpillar can't keep up with a boom in demand
Orders for the mining machines and construction bulldozers made at this sprawling Caterpillar Inc. factory in central Illinois have jumped, in general, three-fold over the past year. Years of watching Caterpillar and other big manufacturers cut inventories, close plants and axe workers in the last downturn has embedded caution in Kirsh's ambition to expand after the surge in orders, reflecting a more fundamental shift in how many industrial businesses view expansions, according to interviews with Caterpillar executives, more than a half-dozen Caterpillar suppliers and U.S. economic data. "I just wasn't sure it was real," said Kirsh, speaking from a windowless office at the front of Kirsh Foundry Inc., in Beaver Dam, Wisconsin, which makes metal parts for Caterpillar and other customers.
- MarketWatch•9 hours ago
GE’s stock plunges toward worst day in 9 years after CEO John Flannery starts talking
Shares of General Electric Co. plunged in very active trade Wednesday, putting them on track for the biggest selloff nine years, with losses accelerating after Chief Executive John Flannery started talking at an industry conference. The industrial conglomerate’s stock (GE) slid 7.4% in afternoon trade, enough to pace the Dow Jones Industrial Average’s (^DJI) losers. The stock was headed toward the biggest one-day drop since it plummeted 7.2% on Nov. 13, 2017 after Flannery, then newly named CEO, unveiled a transformation plan, including the halving of the company’s dividend.
- MarketWatch•13 hours ago
Why early retirement is all it’s cracked up to be
Sometimes, the stuff that people say about early retirement (and early retirees) is terrible. It is assumed that early retirement is the end of productive life and that unless we’re swimming in millions in cold hard cash, early retirement will eat us alive. As I said in my one-year early retirement performance review, early retirement is all that it’s cracked up to be.
- CNBC Videos•yesterday
Cramer: If you want bigger gains, buy stocks that are sel...
Jim Cramer uses Amazon's stock to explain why buying broken stocks can boost investors' earnings.
InvestorPlace•13 hours agoCowen’s Price Target for Nvidia Corporation Isn’t So Crazy
With nothing more than a quick glance at the headlines, one might conclude it’s just another case of the analyst community playing a game of “chicken,” with NVIDIA Corporation (NASDAQ:NVDA) serving as the proverbial guinea pig. Who’s willing to set the highest target price for NVDA stock. Cowen analyst Matthew Ramsay is the current leader of that contest, by the way, raising his target to $325 per share last week.
- FX Empire•15 hours ago
Hewlett Packard Enterprise Co (NYSE:HPE) Releases Its Q2 Earnings Report Surpassing Analyst Expectations
Hewlett Packard Enterprise Co (NYSE:HPE) has announced the financial results for its second quarter revealing that it managed to outperform the performance figures projected by analysts. The tech company announced its Q2 earnings on Tuesday revealing that it secured a revenue of $7.5 billion during the quarter and its net earnings per share for the quarter was 34 cents. The company managed to surpass Wall Street’s revenue estimate of $7.38 billion and earnings per share estimate of 31 cents.
- FX Empire•2 days ago
Bitcoin and Ethereum Price Forecast – BTC Prices Continue Consolidation
The BTC prices continued on their quiet consolidation and ranging over the last 24 hours as there was not much fundamentals or economic data to rock the crypto market as such. Why Bitcoin Cash is Better than Bitcoin? How to Short Bitcoin?
- CNBC•17 hours ago
Weekly mortgage refinances drop to an 18-year low as rates jump
A sharp rise in interest rates last week meant far fewer homeowners could benefit from a mortgage refinance. Refinances are 27 percent lower than a year ago and now make up just under 36 percent of mortgage application volume.
- TheStreet.com•9 hours ago
Has Wall Street Completely Lost Its Mind on General Electric?
Wall Street equity research is supposed to be a value-add to clients. But, one has to wonder what value analysts are providing to their trading desks on struggling General Electric . In fact, one has to wonder how many clients have been hurt by wrong
Reuters•5 hours agoTrump may impose tariffs on car imports in latest trade move: sources
The Trump administration is considering a proposal to impose new tariffs on imported vehicles, invoking a national security law used to impose tariffs on aluminum and steel, an administration official and three industry officials briefed on the matter said. Another administration official said the move was aimed partly at pressuring Canada and Mexico to make concessions in talks to update the North American Free Trade Agreement that have languished in part over auto provisions, as well as pressuring Japan and the European Union, which also export large numbers of vehicles to the United States.
- CNBC•yesterday
Why JPMorgan CEO Jamie Dimon puts work ‘literally last’ on his priority list
JPMorgan Chase JPM CEO Jamie Dimon is the chairperson of one of the world's most valuable banks. "I've always said family first, country second, JPMorgan literally last," says the 62-year-old father of three. Within four years, Dimon managed to turn the company around and sell it to JPMorgan Chase in 2004 for $58 billion .
- Bloomberg•yesterday
Frontier Is Talking With Bondholders After Failed Asset Auction
Frontier Communications Corp. and its bondholders are back at the negotiating table after the debt-laden telephone service company’s asset auction failed to generate an acceptable price, people with knowledge of the matter said. The company, which serves small towns and midsize cities, received multiple bids for landline assets in Florida this month but decided not to sell because none of the offers were high enough, said the people, who asked not to be identified because the matter is private. Struggling under a debt load that’s more than 23 times the size of its market capitalization, Frontier has been considering a sale of landline assets in California, Florida and Texas since at least February.
- CNBC Videos•16 hours ago
Continental Resources CEO: We see oil prices climbing to ...
Harold Hamm, Continental Resources CEO, talks to CNBC's Brian Sullivan about rising oil prices.
- Bloomberg•yesterday
Avenatti’s Old Law Firm Hit With $10 Million Judgment
The law firm founded over a decade ago by the attorney taking on Donald Trump and his longtime fixer Michael Cohen on behalf of an adult film star got socked with a $10 million judgment in an unrelated dispute with a former law colleague. A federal bankruptcy judge in Santa Ana, California, granted a motion for judgment Tuesday against Michael Avenatti’s former law firm, Eagan Avenatti LLP.
InvestorPlace•yesterdayWarren Buffett Loves TEVA Stock and You Should Too
While Teva Pharmaceutical Industries Ltd (ADR) ADR (NYSE:TEVA) faded from last Wednesday highs, shares ultimately climbed about 3% that day. No, it wasn’t earnings or a new drug that gave TEVA stock a bump. Instead, it was Warren Buffett.
- Bloomberg•2 days ago
Airbus to Defend WTO Ruling by Saying A380 No Threat to Boeing
Airbus SE is ready to tell the World Trade Organization that the threat posed to Boeing Co. by its most ambitious program ever, the double-decker A380 jetliner, is so marginal that any U.S.-led sanctions against the European Union over illegal aid should be minimal. The European company will cite the superjumbo’s slow sales and also contend that state support for the more popular A350 model was only slightly more of a benefit given cheap alternative funding available at the time amid historically low interest rates, its head of litigation Karl Hennessee said in an interview. Airbus is on the back foot after Boeing last week won the latest in a series of disputes over illegal subsidies for the A380 and A350 spanning more than a decade.
Reuters•16 hours agoUber widens health cover in Europe as new CEO meets France's Macron
Uber plans to offer all its European drivers an upgraded version of the health insurance it already provides in France in a drive to attract independent workers and fend off criticism over their treatment. The San Francisco-based taxi app, which tied up with insurer AXA last year to offer French drivers accident cover, said the scheme will include other European countries and a maternity/paternity payment from June 1. Uber's new chief executive Dara Khosrowshahi is scheduled to meet French President Emmanuel Macron on Wednesday, ahead of so-called "Tech for Good" workshops with the heads of tech giants Facebook, Microsoft and IBM.
- Zacks•15 hours ago
5 Top-Ranked Stocks Gearing Up for an Earnings Beat
What drives shares or pulls them down after a company comes up with quarterly earnings? A positive earnings surprise or an earnings beat is typically the case when actual or reported earnings come in above the consensus estimate. Also, seasonal fluctuations are a vital factor in determining a company’s earnings growth.
- Bloomberg•12 hours ago
GE Falls Most in Month With CEO Seeing ‘Challenging’ Turbine Market
General Electric Co. fell the most in almost a month as Chief Executive Officer John Flannery said the market for gas turbines remains “very challenging.”The manufacturer maker is planning on “soft” demand for turbines in 2019 and 2020, Flannery said
- TheStreet.com•7 hours ago
What Theranos' 'Massive Fraud' Can Teach Biotech Investors
Before you do, dive into the sordid tale of Theranos, the biggest fraud in biotech, medical innovation and Silicon Valley history to date. Elizabeth Holmes, the beleaguered CEO of Theranos, was once celebrated as a big success story and the world's youngest female billionaire. At its peak, Theranos was valued at $9 billion.
- Fortune•16 hours ago
Lyft Will Spend $100 Million on Club Houses and Career Services to Keep Its Drivers Happy
The hubs will also have help desks where drivers--who are independent--can connect with Lyft employees, as well as provide access to services like oil changes and basic maintenance at a greatly reduced price, Lyft COO Jon McNeill said Wednesday. The end goal, Lyft says, is to lower the operating cost for driving. The investment is notable, considering that Lyft drivers are not considered employees.
- TechCrunch•11 hours ago
Apple offers a $50 credit for some out-of-warranty iPhone battery purchases
If you bought a battery replacement for an out-of-warranty iPhone last year, you may be eligible for a $50 credit from Apple. Late last year, Apple apologized for not informing users about the issue, promising to be more transparent in the future. Soon after, the company began offering $29 battery replacements — a $50 discount on out-of-warranty battery replacements.
