- Bloomberg•7 hours ago
Caterpillar’s Record Profit Can’t Save It From Trade-War Carnage
The world on the cusp of a trade war has spooked investors, and few companies are feeling the fright more than Caterpillar Inc. The slide for Caterpillar, a bellwether for American industry, shows how trade frictions are upending assumptions for an improving global economy. Caterpillar said as recently as January, after boosting its 2018 forecast, that it didn’t expect the Trump administration’s policies to ignite a trade war.
- TheStreet.com•4 hours ago
3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio
Warren Buffett, the chief executive of Berkshire Hathaway Inc. , has long been lauded as one of the greatest value investors of this lifetime. That makes his picks for Berkshire a solid pick for a retirement fund with a few years to grow. His preferences
- Yahoo Finance•5 hours ago
Walgreens in, GE out — What you need to know in markets on Wednesday
Tuesday was a day of trade worries for investors. Investors were greeted by a sea of red early Tuesday, though pared some of these losses during the trading day. The Dow ultimately closed with the steepest losses, dropping 287 points, or 1.1% with industrial giants Boeing (BA) and Caterpillar (CAT) each dropping more than 3%.
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.
- CNBC•14 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 Videos•6 hours ago
Here's what the Oracle CEO just said about cloud competit...
CNBC's Josh Lipton breaks down comments from the Oracle CEO on its recent earnings report.
- 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•4 hours ago
Alibaba, JD.com, Baidu All Fall: U.S.-Listed Chinese Companies
Alibaba Group Holding Ltd., JD.com Inc. and Baidu Inc. all closed down Tuesday amid growing trade tensions between the U.S. and China. Their retreat follows a broad market decline in China that sent 1.023 stocks down by the daily 10 percent limit. Alibaba
- 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.
- Zacks•14 hours ago
Do Options Traders Know Something About AT&T (T) Stock We Don't?
Investors in AT&T Inc. T need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
- TheStreet.com•12 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•14 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•13 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
- CNBC•4 hours ago
Cramer's lightning round: GE's CEO was dealt 'one of the worst hands that anyone’s ever been given'
It's that time again! "Mad Money" host Jim Cramer rang the lightning round bell, which means he gave his take on callers' favorite stocks at rapid speed. General Electric Company GE : "[CEO] John Flannery is doing his best with one of the worst hands that anyone's ever been given. Molson Coors Brewing Company TAP : "It's so funny because I am a Coors Light drinker and all of my friends know that (except for when I'm drinking Corona at my bar), and I just think that Molson Coors is just not doing well enough to recommend the stock.
- U.S.News & World Report•13 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.
- Morningstar•16 hours ago
How Tax Deductions Are Changing
Baird's Tim Steffen discusses the new tax law's impact on standard and itemized deductions.
Business Insider•7 hours agoStarbucks sinks after announcing a weaker-than-expected sales forecast and plans to close over 100 stores next year (SBUX)
AP Photo/Seth Wenig Starbucks shares fell in after-hours trading Tuesday after the coffee chain's same-store sales forecast for the third quarter missed forecasts. Starbucks announced plans to close over 100 underperforming stores in locations where
Business Insider•11 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•12 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
- TheStreet.com•5 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.
- Barrons.com•7 hours ago
Opportunity Calls for AT&T, Verizon
Shares of telecom giants AT&T (T) and Verizon Communications (VZ) are higher today, with the latter boosted by an analyst upgrade. Deutsche Bank's Matthew Niknam boosted his rating on the stock to Buy, with a $56 price target. Speaking of that, JPMorgan's Phillip Cusick resumed coverage of AT&T with a Neutral rating and $36 price target today.
- Bloomberg•4 hours ago
GE’s Dow Eviction Is a Form of Intervention
John Flannery has one less reason to keep General Electric Co. together. The 126-year-old company and last original member of the Dow Jones Industrial Average was dropped from the index on Tuesday and will be replaced with … drugstore chain Walgreens Boots Alliance Inc. GE's place on the benchmark index had been an open question for some time now as as a drumbeat of earnings disappointments and poor capital-allocation decisions battered its stock and left it with a cash crunch that’s put its dividend in jeopardy yet again. But even after everything GE has been through, the booting from the benchmark has to sting. The ultimate relevance of a company's inclusion in the Dow to its stock price is debatable, but the symbolism is palpable.
- Yahoo Finance•12 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.
InvestorPlace•7 hours ago5 Top Stock Trades for Wednesday Morning
On Monday morning, investors came out strong and bought the trade-war dip. On Tuesday, it took more convincing, but bulls reluctantly bid U.S. equities off their lows. I don’t know how much longer they can handle it though and if trade talks intensify
