- InvestorPlace•3 hours ago
Microsoft Hits 52-Week High: What’s Driving MSFT Stock?
Shares of Microsoft Corporation (NASDAQ:MSFT) rallied to a 52-week high of $102.6 on Jun6, eventually closing marginally lower at $102.49. Shares of Microsoft have returned 20.9% year to date, outperforming the industry’s rally of 18.4%. Microsoft’s acquisition of the open-source software development platform giant, GitHub will helpthe company in becoming more future-oriented by encouraging more developers to create services and apps.This in turn will aid Azure to compete better against other computing giants by being more appealing to customers.
- CNBC•7 hours ago
How this Indiana couple stole $1.2 million from Amazon
On Monday, a U.S. District Court judge sentenced a Muncie, Indiana married couple to nearly six years in prison apiece for stealing more than $1.2 million in consumer electronics from e-commerce giant Amazon. It's the end to a con that Joseph and Leah Jeanette Finan, both 38, had been perpetrating for years. "Their Amazon scheme was their 'job,'" the federal government said of the Finans in its press release.
Business Insider•yesterdayElon 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•yesterday
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.
- CNBC Videos•8 hours ago
Altaba buys back 195 million share in exchange for Alibab...
CNBC's David Faber reports on Altaba's $16 billion buyback.
InvestorPlace•6 hours agoRoku Inc Is Gearing Up for a Massive Breakout
After a hot IPO, Roku Inc (NASDAQ:ROKU) was settling in below $20. Within three days, Roku stock was officially a double and $40 has played a significant role since. Roku stock did a good job getting over both its 50-day and 100-day moving averages.
- MarketWatch•19 hours ago
All the ways you can mess up your 401(k) — even if you max out your contributions
Workplace retirement plans get a lot of bad press, primarily if they are loaded with high fees. Put simply, 401(k)s work. The bad news is that otherwise-diligent savers can still leave money on the table with a 401(k), often without realizing it.
- Morningstar•yesterday
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.
- TheStreet.com•9 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.
- Zacks•yesterday
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
InvestorPlace•yesterdayBuy 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.
Reuters•14 hours agoVenezuela struggles with huge oil export backlog
The oil company in recent days has raised the prospect that deliveries could be interrupted to some of the world's largest refiners if it fails to end a tanker bottleneck contributing to a sharp decline in oil exports, the lifeblood of the OPEC-member nation. Tankers waiting to load more than 24 million barrels of crude, almost as much as PDVSA shipped in April, are sitting off the country's main oil port, according to the data.
- Zacks•10 hours ago
New Strong Sell Stocks for June 7th
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:Briggs & Stratton Corporation BGG is a manufacturer and seller of gasoline engines. The Zacks Consensus Estimate for its current year earnings has been revised 14.4% downward over the
- Bloomberg•7 hours ago
Walmart Sues Its Former Head of Tax for Jumping to Amazon
Walmart Inc. sued its former chief tax officer for violating her employment contract by defecting to online rivalAmazon Inc. to become one of its senior tax executives. Lisa Wadlin, Walmart’s senior vice president and top tax executive, wrongfully left the Bentonville, Arkansas-based chain last month to move to Amazon’s headquarters in Seattle, Walmart officials said Wednesday in a lawsuit. “Wadlin’s pursuit of employment with Amazon eviscerates the contractual terms Walmart bargained for’’ in her employment agreement, the chain’s lawyers said in the Delaware Chancery Court lawsuit.
- TheStreet.com•4 hours ago
Micron Loses Steam, Turns Lower In Spite of Bullish Goldman Note
Goldman Sachs is bullish on Micron Technology Inc. Analyst Mark Delaney said he is sure the company will top Wall Street profit estimates when it reports fiscal third-quarter results next week. Goldman Sachs' note contrasts a note published Wednesday, June 6, by Longbow Research that re-established coverage on the stock with a neutral rating.
- InvestorPlace•7 hours ago
The Bull Case for Regeneron Pharmaceuticals Inc Couldn’t Be More Clear
After falling from $393 per share early this year to a recent low of $284 per share, analysts have begun pounding the table again for Regeneron Pharmaceuticals Inc. (NASDAQ:REGN). Regeneron is a biotech company known for drugs like Zaltrap, a cancer drug.
- TechCrunch•5 hours ago
With index changes, Americans are sending billions to China (whether they know it or not)
The other major story took place last week, when MSCI included Chinese A-shares in its indexes. This is a major, yet underreported, story, and critical for understanding the changing financial tides between China and the world. MSCI is one of the most important index-makers in the world, particularly for emerging markets.
- CNBC Videos•yesterday
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•yesterday
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
Google Employees Seek Diversity Pay Link in Rare Annual Meeting Move
Alphabet Inc.’s annual meeting was turned on its head Wednesday when an employee of Google, the company’s internet division, took the stage to criticize her bosses’ pay. Irene Knapp, a software engineer for the web-search giant, presented a proposal at Wednesday’s annual shareholder meeting in Mountain View, California, on behalf of Zevin Asset Management, which submitted the measure.
- MarketWatch•9 hours ago
Altaba's stock surges toward 18-year high after plans to buy back up to 195 million shares
Shares of Altaba Inc. , formerly known as Yahoo, climbed 1.5% in premarket trade Thursday, toward an 18-year high, after the company said it would buy up to 195 million shares of its common stock at about a 3.8% premium to Wednesday's closing price of $80.28. Altaba was Yahoo until the company completed the sale of its operating business to Verizon Communications Inc. last year, and is now a closed-end management investment company that owns a "substantial" stake in Alibaba Group Holding Ltd. Altaba said the purchase price of its shares will be equal to 35% of Wednesday's stock closing price of Alibaba shares of $208.30, plus 5% of the Alibaba volume-weighed average price of $208.8445. Altaba's stock, which is on track to open at the highest level seen during regular session hours since April 2000, has run up 15% year to date through Wednesday, while Alibaba's stock has climbed 21% and the S&P 500 has gained 3.7%.
- CNBC•6 hours ago
Nelson Peltz likes Flannery's turnaround plan at GE: 'It's onward and upward'
There's more to come in General Electric's turnaround plan, activist investor Nelson Peltz suggests. "It's onward and upward, they have the makings of a plan," Peltz tells CNBC's Jim Cramer. The stock has fallen 50 percent during the last 12 months, as investors sell GE shares amid questions about the company's ability to grow.
- MarketWatch•9 hours ago
Alibaba price target boosted above $300 at Susquehanna
Susquehanna Financial Group analyst Shyam Patil raised his price target on Alibaba Group Holdings Ltd. stock to $305 from $220 on Thursday, making him the most bullish analyst among those tracked by FactSet. "Our checks suggest that Alibaba continues to take share in the China e-commerce market and the significant new user additions in F2018 should provide a tailwind to growth through F2019," Patil wrote. "Alibaba has numerous levers in the pipeline to drive continued strong advertising revenue growth, but we expect the company to remain measured in its approach, as it appears focused on sustainable growth and careful not to over-monetize." Patil, who has a positive rating on the stock, predicts that Alibaba will pick up share during the June 18 shopping festival, as the company appears to be going after electronics sales in addition to apparel sales.
- Engadget•yesterday
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.
- Yahoo Finance•yesterday
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.
