- MarketWatch•3 hours ago
Starbucks to boost dividend by 20% and close more stores, stock falls
Starbucks Corp. announced a long-term strategic plan Tuesday afternoon that includes shipping more cash back to investors while closing down underperforming stores in certain markets. The announcement, which was made just before being discussed at an Oppenheimer conference in Boston, said that the plan was developed with goals of accelerating growth in the U.S. and China while "sharpening the focus on increasing shareholder returns." "While certain demand headwinds are transitory, and some of our cost increases are appropriate investments for the future, our recent performance does not reflect the potential of our exceptional brand and is not acceptable," Chief Executive Kevin Johnson said. "We must move faster to address the more rapidly changing preferences and needs of our customers." Starbucks said it plans to close about 150 company-operated stores "in its most densely penetrated markets," up from an average of 50 annually, while looking to open stores in other markets.
The Wall Street Journal•yesterdayDisney Tests Pricing Power at Theme Parks
LOS ANGELES—After raising some ticket prices for its theme parks by more than 20% over the past five years, Walt Disney Co. will set a new benchmark this week when it offers die-hard fans the chance to attend a six-hour preview of a new attraction at Disneyland—for $299. The steep price stems in part from a perennial tension Disney faces at its theme parks, where public demand is so strong that its two domestic locations, in particular, can fill to capacity during certain times of year. In response, Disney is considering new approaches to pricing amid upgrades at Disneyland in Southern California and Walt Disney World in Orlando, Fla., that are expected to attract even more people.
- Associated Press•3 hours ago
Oracle: Fiscal 4Q Earnings Snapshot
REDWOOD CITY, Calif. (AP) _ Oracle Corp. (ORCL) on Tuesday reported fiscal fourth-quarter net income of $3.41 billion. On a per-share basis, the Redwood City, California-based company said it had profit of 82 cents
- CNBC•2 hours ago
GE booted from the Dow, to be replaced by Walgreens
Industrial giant General Electric is out of the Dow Jones industrial average and will be replaced by drugstore chain Walgreens Boots Alliance. GE was one of the original components of the Dow Jones industrial average of 30 stocks in 1896. Industrial giant General Electri GE c is out of the Dow Jones industrial average and will be replaced by drugstore chain Walgreens Boots Alliance WBA .
- CNBC•10 hours ago
5 big retirement mistakes people don't realize they are making
Investors have learned the importance of investing for retirement through a 401(k), traditional IRA or Roth IRA. Many investors think it's enough to set up a plan and let time in the market do its work. The road to retirement is a minefield.
Yahoo Finance•yesterdayPaul Tudor Jones warns the next recession will be 'really frightening'
Legendary global macro trader Paul Tudor Jones is warning that asset prices are too high. And furthermore, he’s concerned about what the next recession might look like. He shared his thoughts on Monday during a conversation with Goldman Sachs CEO Lloyd
- CNBC•yesterday
Suze Orman shares the biggest money mistake that almost everyone makes
No matter what your main financial goal is — a house , early retirement or just getting out of debt — odds are you'd like to boost your income. As Suze Orman , financial expert and former CNBC host, told the audience at the 2017 eMerge Americas conference, "The biggest problem is when you do make it big and you don't know what to do with your money. Because then, what happens is some financial advisor is going to come by and give you a slick presentation , they're going to give you an elevator speech and a pitch, and you're going to take it.
- Bloomberg•yesterday
Musk Calls for Paranoia After Fire Halts Tesla Assembly Line
Tesla Inc. Chief Executive Officer Elon Musk just invoked a late tech titan in urging workers to keep an eye out for any funny business after a fire briefly halted car output. In a “strange incident that was hard to explain,” a small fire on a manufacturing line in Tesla’s plant stopped production for several hours, Musk wrote in an email to employees Monday. Tesla can ill afford manufacturing setbacks now.
- Investor's Business Daily•11 hours ago
Dow Jones Futures Tumble As Trump Escalates China Trade War; These 4 Top Techs Hit Buy Zones
Dow Jones futures tumbled Tuesday morning after President Donald Trump said he has instructed the U.S. Trade Representative to identify another $200 billion in Chinese goods for tariffs, ratcheting up the U.S.-China trade war. S&P 500 futures and Nasdaq
- Morningstar•13 hours ago
How Tax Deductions Are Changing
Baird's Tim Steffen discusses the new tax law's impact on standard and itemized deductions.
- TheStreet.com•8 hours ago
5 Stocks That Are Screaming Buys Right Now
Here we used TipRanks' stock screener to pinpoint the most compelling stocks right now. The Street is buzzing about Neurocrine's Ingrezza drug, the first FDA-approved treatment for adults with tardive dyskinesia. On its first quarter earnings call, Neurocrine updated the Street with respect to ongoing market penetration for Ingrezza.
- InvestorPlace•10 hours ago
3 Stocks to Buy on Weakness
In other words, investors, particularly longer-term investors, should try to find stocks to buy on weakness that will probably prove to be temporary. Snap Inc (NYSE:SNAP) stock, Daqo New Energy Corp (NYSE:DQ) and Wynn Resorts, Limited (NASDAQ:WYNN) stock fit all of these criteria.
- Zacks•9 hours ago
General Motors to Get Rid of 3 Cadillac Sedans, Invests $175M
Per Associated Press, General Motors Company GM is dumping three Cadillac sedans and replacing them with two new ones over the next three and a half years. This auto giant has announced that it is going to invest $175 million to update a plant in Lansing
- TheStreet.com•2 hours ago
Why GE's Stock Has Fallen 15% in the Last 30 Days
Shares of the beleaguered industrial giant are down 15% in the last 30 days, despite getting a boost from investors on May 21 when the company announced an $11.1 billion deal between GE Transportation and Wabtec. The challenges in the Power segment could pose a severe risk to GE's credit rating.
- CNBC Videos•8 hours ago
Stocks to buy as trade tensions roil markets
The "Halftime Report" team discusses which stocks can protect your portfolio as trade tensions with China roil the markets.
- U.S.News & World Report•10 hours ago
7 High-Quality Dividend Stocks To Buy
When the stock market is struggling to make gains like it has in 2018, dividends are a reliable source of income. Bank of America Corp. (ticker: BAC) recently screened to find the highest-quality dividend stocks in its coverage universe. Automatic Data Processing has a dividend yield of 1.8 percent, a free-cash-flow-to-dividend ratio of 1.8, a return on equity of 43.7 percent and a debt-equity ratio of just 0.5 percent.
- Zacks•9 hours ago
General Electric to Lay Off Employees, Aims Cost Reduction
General Electric Company GE yesterday announced that will lay off as many as 1,200 jobs in Switzerland, all related to its power generation business. Notably, this plan is a part of the company’s cost-reduction initiatives announced in 2017.In this context
Business Insider•7 hours agoHow to figure out whether embattled bank Wells Fargo owes you money before the deadline to file a claim passes
Wells Fargo owes some of its customers money. Until July 7, Wells Fargo clients affected by Wells Fargo's fraudulent account scandal can join a class action settlement. The bank is currently undergoing a class action settlement over the roughly 3.5 million unauthorized accounts its employees opened in the name of unsuspecting clients from 2009 to 2016.
- Zacks•4 hours ago
Why Netflix (NFLX) Stock Surged Again & Why It Matters
Shares of Netflix NFLX popped over 3% through afternoon trading on Tuesday to hit yet another new all-time high on the back of the most bullish analysts call to date. GBH Insights upped its price target to a whopping $500 per share, less than a week after Goldman Sachs GS lifted its target to $490. GBH Insights raised its NFLX price target from $400 per share to $500 on Tuesday, which marked a 28% premium from Monday’s closing price of $390.40.
InvestorPlace•8 hours agoChesapeake Energy Corporation Is a Strong Bet for Energy Sector Bulls
Energy stocks have dominated the market this week. In fact, more than half of the top gainers on the S&P 500 on Monday were energy stocks. Sector favorite Chesapeake Energy Corporation (NYSE:CHK) was among them, gaining more than 2%.
Bloomberg•14 hours agoXi Can Make Life Tough for U.S. Companies from Apple to Walmart
China doesn’t import enough from the U.S. to match Donald Trump’s tariffs dollar for dollar, but President Xi Jinping can still squeeze American companies in other ways in retaliation. American businesses from Apple Inc. and Walmart Inc. to Boeing Co. and General Motors Co. all operate in China and are keen to expand. U.S. shares slumped Tuesday as part of a broad sell-off in global markets in response to Trump’s threat.
- InvestorPlace•5 hours ago
Alphabet Inc Versus Amazon.com, Inc. Stock: Which Is the Better Buy?
When it comes to Alphabet Inc (NASDAQ:GOOGL, NASDAQ:GOOG) and Amazon.com, Inc. (NASDAQ:AMZN), there are a number of similarities. GOOGL stock is third. AMZN is a classic growth stock — maybe the ultimate growth stock.
- Investor's Business Daily•yesterday
Dow Jones Futures Fall: These Five Chip Stocks Are Near Buy Points
Dow Jones futures fell early Monday, along with S&P 500 futures and Nasdaq futures as Asian markets and crude futures retreated. Five notable chip stocks are near buy points: Micron Technology (MU), Texas Instruments (TXN), Broadcom (AVGO), ASML (ASML
- Yahoo Finance•8 hours ago
Trump's trade war is undercutting his hopes for the dollar
Fears of a looming trade war between the U.S. and China are paradoxically helping to increase the value of the U.S. dollar in global currency markets, analysts say, potentially undercutting a Trump administration policy goal. U.S. President Donald Trump on Tuesday threatened to impose tariffs on $200 billion of Chinese goods and further tariffs if Beijing retaliates, which Chinese lawmakers have said they will. President Donald Trump gestures as he signs a “Space Policy Directive” during a meeting of the National Space Council in the East Room of the White House, Monday, June 18, 2018, in Washington, as Vice President Mike Pence watches.
- TheStreet.com•27 minutes ago
Starbucks Sets Latest Plan to Recaffeinate Shares
Starbucks Corp. is aiming for a growth spurt after a dicey quarter. Can it deliver? The coffee giant says global same-store sales slowed during the most recent quarter to growth of 1%, from a 2% growth rate in the previous quarter. Sales may have
