Bloomberg•9 hours agoAthenahealth's Bush-Clearing Was Overdue
Let the bidding begin for Athenahealth Inc. The health-care technology company on Wednesday said controversial leader and co-founder Jonathan Bush would step down following allegations of inappropriate behavior toward female employees and physical abuse of his ex-wife. Bush, the nephew of President George H.W. Bush, was perceived to be one of the biggest impediments to a sale of Athenahealth.
- InvestorPlace•7 hours ago
IHOP Name Change Doesn’t Sit Well With Pankcake Fans
The announcement was made by the company via its Twitter Inc (NYSE:TWTR) account. The following are comments from Twitter users reacting to the name change. “It’s not like there’s any IHOP brand confusion.
Business Insider•11 hours agoElon Musk fights back tears at Tesla shareholder meeting, says past few months have been 'excruciating, hellish' (TSLA)
Tesla CEO Elon Musk began the company's annual shareholder meeting on Tuesday on an emotional note. Musk appeared to be on the verge of tears as he said Tesla builds its vehicles with a level of care and affection that other automakers can't match.
InvestorPlace•10 hours agoBuy or Sell AT&T Inc. Stock With Its 6% Dividend Yield?
It hasn’t been the smoothest ride for AT&T Inc. (NYSE:T). In fact, after failing to push through $40 several times in 2016 and 2017, it’s been all downhill for T stock. The payout for T stock has gotten extreme.
Business Insider•yesterdayThe world's biggest hedge fund warns: '2019 is setting up to be a dangerous period for the economy'
Bridgewater Associates is bearish on nearly every financial asset, it said in a recent note to clients. "2019 is setting up to be a dangerous period for the economy," the giant hedge fund said. The firm said earlier this month that a major driver of the stock market is nearing its end.
Reuters•14 hours agoVenezuela's PDVSA raises prospect of force majeure on oil exports - sources
HOUSTON/CARACAS (Reuters) - OPEC member Venezuela has raised the prospect of declaring force majeure on contracts with major crude buyers amid plummeting output from its oil fields and tanker bottlenecks at ports, according to three sources familiar with the matter. Falling production from Venezuela has contributed to a rally in global oil prices to a near four-year high, and other OPEC members may boost output at a meeting later this month to compensate for the shortfall and other risks to global supplies. Oil is the financial lifeline for the embattled socialist government of President Nicolas Maduro, but his cash-strapped administration has failed to invest enough in the industry to prevent its decline.
- Morningstar•15 hours ago
Social Security Isn't 'Going Away'
To my surprise, readers took issue not with my advice to save 15% of your pretax salary (which I concede is a huge effort) but with my assertion that Social Security will also provide some income during retirement years. The majority of the feedback I received was from self-identified millennials, who told me that I was flat-out wrong to say that Social Security would still exist--in any form--come 2050 or so when they retire. The interest received from invested trust fund assets is a smaller source of Social Security funding.
- Zacks•4 hours ago
Southwest Airlines (LUV) Stock Declines 22% YTD: Here's Why
Shares of Southwest Airlines Co. LUV have lost 22.2% so far this year, underperforming its industry's decline of 11.1%. Why the Lackluster Price Performance?Southwest Airlines has faced multiple headwinds this year. In April, a passenger on its flight
- TheStreet.com•6 hours ago
Warren Buffett at Age 87 Still Does One Amazing Thing That Drives Success
Known as the 'Oracle of Omaha', Buffett has made himself into a household name through legendary investing techniques that have amassed him a $79 billion net worth at 87 years old. Buffett started playing the markets at the young age of 11, but he's offered sage wisdom on investing for years since he made his first millions.
- CNBC Videos•8 hours ago
Upgrades, downgrades and how to trade utilities in the bl...
The "Halftime Report" traders take investors through the day's biggest movers.
- Engadget•10 hours ago
Cambridge Analytica CEO reportedly embezzled $8 million
If you thought the Cambridge Analytica saga was over with the company's shut down and filing for bankruptcy, you were definitely wrong. According to The Financial Times, the company's former CEO Alexander Nix has been accused of stealing $8 million dollars from Cambridge Analytica before its demise. The theft reportedly occurred after journalists started digging into Cambridge Analytica and Facebook, but before the company shut down for good.
- Bloomberg•yesterday
Mercedes-Benz Starts Subscription Pilot From $1,095 a Month
Daimler AG’s Mercedes-Benz is starting a car-subscription pilot in two U.S. cities, joining brands from Jeep to Porsche in testing alternatives to traditional vehicle ownership. The app-based service initially available to drivers in Nashville and Philadelphia has three pricing tiers ranging from $1,095 to $2,995 a month, according to a company statement. Subscribers will get access to 30 different models, from C-Class sedans to GLE sport utility vehicles, and can swap cars as often as they like, depending on what tier they choose.
- TheStreet.com•6 hours ago
AMD Explodes as Processor Presentation in Taiwan Impresses
were up 5% Wednesday, June 6, following the company's presentation at the Computex conference in Taiwan on Tuesday night. Rosenblatt analyst Hans Mosemann published a note Wednesday saying that he was impressed by the chipmaker's presentation at the conference, much more so than the presentations of rivals Intel Corp. , which Mosemann described as blander than AMD's.
- MarketWatch•14 hours ago
UPDATE: Axovant shares soar 51% premarket on $842.5 mln licensing pact for Parkinson's treatment
Shares of Axovant Sciences Ltd. soared more than 50% in premarket trade Wednesday, after Oxford BioMedica plc said it has entered an $842.5 million licensing agreement for OXB-102, a gene therapy treatment for Parkinson's disease. Under the terms of the deal, Oxford BioMedica will receive a $30 million upfront payment, and is eligible for $55 million upon reaching certain milestones. Oxford BioMedica shares were up 18% in London.
- CNBC Videos•15 hours ago
Market is getting it 'wrong' about tech stocks, says pro....
Ryan Payne, Payne Capital Management president, and Jay Jacobs, Global X Funds head of research, provide insight to what is driving stocks to new levels.
- InvestorPlace•6 hours ago
4 ‘Fixer Upper’ Stocks Poised to Bounce Back
Changing industry dynamics, excessive debt levels or poor management decisions can take even the largest of companies to a breaking point. Because they’ve faced hardships that weighed on their share prices, we define fixer uppers as stocks of $5 per share or less. By making wise investments in troubled companies, however, even small investors can sometimes finish rich with fixer-upper stocks.
- Bloomberg•yesterday
Scott Pruitt Tried to Get Wife Job at Chick-fil-A
Scott Pruitt tried to use his position to get his wife a Chick-fil-A franchise, The Washington Post reports #tictocnews More from Bloomberg.comJanitors Are Becoming Millionaires Thanks to This
- Zacks•yesterday
5 Stocks to Buy at 52-week High as Markets Rally
The month of June has commenced on a bullish note as the three major stock indices in Wall Street rose on Monday. The company unveiled its latest operation system iOS 12 at Worldwide Developers Conference on Jun 4. The deal is expected to strengthen its cloud platform Azure’s competitive position against Amazon Web Services (“AWS”).
- MarketWatch•13 hours ago
UPDATE: Signet Jewelers shares soar 8%, after earnings beat, company backs guidance
Signet Jewelers Ltd. shares rose 8% in premarket trade Wednesday, after the company beat estimates for its fiscal first quarter to May 5. The company said it had a net loss of $496.6 million, or $8.48 a share, in the quarter, after earnings of $78.5 million, or $1.03 a share, in the year-earlier period. The number was weighed down by a non-cash impairment charge related to goodwill and intangibles, a loss recognized on held for sale non-prime receivables and restructuring charges, the company said.
- TheStreet.com•6 hours ago
9 Stocks Goldman Sachs Thinks Will Blow Wall Street's Performance Away in 2019
2018 is just about over, in the minds of some investors. "We expect investors will soon look past 2018 and focus on 2019 growth," says Goldman Sachs strategist David Kostin. "For many years, beginning in July investors would start to value stocks
- CNBC•3 hours ago
Qualcomm CEO on 'hostile' Broadcom bid: You have to engage with companies 'through the front door'
"Mad Money" host Jim Cramer gets the latest on Qualcomm's bid for NXP Semiconductors, its dispute with Apple and the failed Broadcom deal from CEO Steven Mollenkopf. Uncertainty around whether Broadcom AVGO could buy Qualcomm QCOM — an event that would have been the largest technology takeover ever — wasn't the only thing weighing on negotiations, Qualcomm's CEO told CNBC on Wednesday. "I think it was a situation where there were some questions about deal certainty, which clearly became the case, but I think it's also a case where it's very difficult to buy a company using a hostile [bid]," Qualcomm CEO Steven Mollenkopf told "Mad Money" host Jim Cramer.
Associated Press•yesterdayWells Fargo exits retail banking in 3 Midwestern states
Wells Fargo is exiting retail banking operations in three Midwestern states as the beleaguered company follows through on previous plans to reduce the number of locations it has open. The San Francisco bank said Tuesday that it will sell 52 retail bank branches in Indiana, Michigan, Wisconsin and Ohio to a Flagstar Bancorp subsidiary, as well as several branches in Wisconsin. Wells Fargo & Co. has said it will reduce to approximately 5,000 the branches it operates by the end of 2020.
- Yahoo Finance•6 hours ago
The Medicare crisis is almost here
The latest annual assessment of the financial health of the Medicare and Social Security programs finds that the main reserve fund that helps finance Medicare will run dry by 2026. The hospital insurance trust fund, as it’s called, helps cover the cost of Medicare Part A, which includes hospital visits, home health services, nursing facilities and hospice care. The insolvency of the fund doesn’t mean Medicare will go broke.
- TheStreet.com•yesterday
3 Great Stocks for Retirees to Own
Investors and financial planners both suggest that dividend stocks can be a great source of income for those looking to supplement their retirement savings. The blue-chip stock's staying power and brand recognition should be viewed favorably by retiree investors, says Robert Johnson, principal at the Fed Policy Investment Research Group. Demand for Johnson & Johnson's products remains fairly consistent, providing a more stable investment in the event of a stock market decline, Johnson thinks.
- Bloomberg•2 days ago
Philippine President Controversially Kisses Overseas Filipina Worker
The Philippine president has controversially kissed an overseas Filipina worker on the lips at an event in Seoul #tictocnews More from Bloomberg.comBuying GitHub Would Take Microsoft Back
