Business Insider•6 hours agoTesla is suing the employee Elon Musk claimed committed sabotage against the company (TSLA)
Tesla has filed a lawsuit against the employee CEO Elon Musk said committed sabotage against the company, Bloomberg first reported. On Monday, Musk said an employee had changed parts of Tesla's manufacturing operating system code and sent "highly sensitive" company data to outside parties, according to an internal email acquired by CNBC.
- TheStreet.com•50 minutes ago
What Will GM Do With Cruise -- and Is Its Stock Worth $55?
The autonomous driving theme continues to gain steam. Cruise was acquired by GM back in 2016 and is headquartered in San Francisco. Specifically, the automaker is banking on Cruise to push its autonomous driving efforts forward and help it launch its robo-taxi service.
- Investor's Business Daily•2 hours ago
These 2 FANG+ Stocks Are In Buy Range
The Dow Jones industrial average, S&P 500 index and Nasdaq composite retreated Tuesday as President Donald Trump stepped up China trade war threats. Apple (AAPL) and Facebook (FB) fell back into buy range Tuesday, but found key support. On Wednesday,
- TheStreet.com•10 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.
- Morningstar•yesterday
How Tax Deductions Are Changing
Baird's Tim Steffen discusses the new tax law's impact on standard and itemized deductions.
TheStreet.com•1 hour agoGE Headed to $9.99 a Share?
Overnight, shares of General Electric fell from the stock's closing price of $12.95 (-55% over twelve months) to $12.54 (-2.2%). Less than $30 billion worth of mutual funds and ETFs even bother to track the Dow Industrials. As an observer, I do believe that CEO John Flannery is an earnest leader making an honest effort.
- InvestorPlace•4 hours ago
Naked Brand Shares Fly Skyward on Bendon Merger
Naked Brand and Bendom Limited officially completed their merger today. This comes after shareholders of NAKD voted in favor of the merger on June 11, 2018. The merger has both Naked and Bendon acting as wholly-owned subsidiaries of the new company Bendon Group Holding Limited.
- TheStreet.com•59 minutes 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
- MarketWatch•3 hours ago
Micron earnings: China probe poses wild card for highflying stock
Micron Technology Inc. faces many questions when it reports earnings, with the most important focusing on concern that memory-chip prices have wandered too high even amid continued strong demand from data centers. Chinese regulators launched a probe into memory chip makers like Micron, Samsung Electronics Co Ltd. (005930.KS) and SK Hynix Inc. (000660.KS) earlier this month. Micron shares fell recently following a downgrade from Morgan Stanley that said that any erosion in fundamentals would be a negative for the stock, which had been trading at its highest levels since the dot-com bust.
Reuters•22 hours agoStarbucks closing cafes; CEO calls performance 'not acceptable'
The world's largest coffee chain is facing competition both from upscale coffee houses and lower-priced fast-food chains like McDonald's Corp and Dunkin' Donuts . Starbucks' Executive Chairman and co-founder Howard Schultz said earlier this month that he is stepping away from the company on June 26, ending an era.
- Barrons.com•6 hours ago
GE Booted From the Dow, Time to Buy?
Shares of General Electric (GE) are lower on Wednesday, after S&P Dow Jones Indices said it was dropping the struggling industrial giant from the Dow Jones Industrial Average next week, to be replaced by Walgreens Boots Alliance (WBA). The news isn't exactly a surprise: Barron's predicted it could happen in a recent cover story (“General Electric’s Dim Prospects,” Feb. 17), as the shares are down more than 25% year to date, and that's on top of the 45% fall in 2017. Fourth, the company's cash-generation and previous cash uses are all expected to materially improve this year, while assets sales in excess of $20 billion will support liquidity and the dividend.
- MarketWatch•38 minutes ago
Oracle stock takes a beating as lack of cloud numbers questioned
What looked at first to be good news for Oracle Corp. ended up prompting some hard questions from analysts about a lack of information in the software giant’s latest numbers. Oracle’s stock fell 7.5% in Wednesday’s session, which would mark the worst single-day performance since Oracle plunged more than 9% on fears of slowing cloud growth following its last earnings report, in March. “While we do not doubt that customers are taking advantage of BYOL, combining cloud services with on-premises support seems to us like an extreme move by Oracle, and we are left feeling like it is an attempt to pull the proverbial wool over investors’ eyes—particularly related to cloud sales,” wrote William Blair analyst Jason Adler, who rates Oracle’s stock at market perform.
- CNBC•yesterday
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.
InvestorPlace•6 hours agoHas iQiyi Stock Finally Hit Its Ceiling?
IQ stock churned in the low $20’s and abruptly took off, climbing north of $30 almost instantly, then $40. IQ may not be profitable like HUYA and SOGO, but given its stellar subscriber growth, it’s no wonder investors are excited.
- Zacks•8 hours ago
Realty Income (O) Announces 97th Hike in Monthly Dividend
Ushering in good news for its shareholders, Realty Income Corporation O recently announced its 97th dividend hike since the company’s NYSE listing in 1994. The company will now pay 22 cents per share compared with the 21.95 cents paid earlier. Realty Income will pay the dividend on Jul 13 to shareholders on record as of Jul 2, 2018.
- Zacks•9 hours ago
Options Traders Expect Huge Moves in Cisco Systems (CSCO) Stock
Investors in Cisco Systems, Inc. CSCO 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.
- TechCrunch•4 hours ago
Tesla sues former employee for $1 million over trade secret theft
Tesla is suing a former employee for $1 million, alleging the man hacked the company’s confidential and trade secret information and transferred that information to third parties, according to court documents. The lawsuit also claims the employee leaked false information to the media. The lawsuit against the former process technician Martin Tripp was filed Wednesday in Nevada.
- Bloomberg Video•12 hours ago
Qualcomm, China Mobile Said Planning Investment in Xiaomi's IPO
Jun.20 -- Xiaomi Corp. is said to have set tentative terms for a Hong Kong IPO of up to $6.1 billion, as Qualcomm and China Mobile show an interest in investing in the offering. Bloomberg's Edward Chan reports on "Bloomberg Surveillance."
- Barrons.com•8 hours ago
Tech Today: Oracle's Mistake, AMD's Conundrum, AT&T's Next Deal
Here are some things going on today in the world of tech: Shares of Comcast (CMCSA) are up 24 cents at $33.05 after Disney (DIS) this morning up’d the ante, raising its bid for assets of 21st Century Fox (FOXA) to $38 per share from $28 previously, a $71.3 billion deal value, topping Comcast, which had bid $35 for the assets last Thursday. Disney shares are up 61 cents, half a percent, to $106.71, while Fox is up $2.76, or 6%, to $47.47. Oracle’s Mistake Shares of database giant Oracle (ORCL) are down $2.48, or 5.4%, to $43.79, after the company yesterday afternoon reported fiscal Q4 revenue and profit that topped expectations, but also forecast revenue this quarter below consensus.
- Zacks•12 hours ago
Can Rite Aid's (RAD) Strategies Reverse Earnings Trend in Q1?
Rite Aid Corporation RAD is slated to report first-quarter fiscal 2019 results on Jun 27. The big question facing investors is whether this drug store retailer will be able to deliver a positive earnings surprise in the quarter to be reported. In the last reported quarter, the company reported a positive surprise, with loss of 1 cent per share, beating the Zacks Consensus Estimate of loss of 2 cents.
- U.S.News & World Report•yesterday
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.
- InvestorPlace•5 hours ago
With GE Gone, It’s Time to Stop Covering the Dow Jones Index
General Electric Co. (NYSE:GE), the last original member of the Dow Jones Industrial Average is being booted from the index. It’s tragic, for GE, sure, but it’s also another opportunity to talk about why we shouldn’t report on the Dow. The Dow Jones launched
- Bloomberg•6 hours ago
Tesla's Alleged Saboteur Sued by Carmaker Over Data Theft
Electric carmaker Tesla Inc. sued a former employee for hacking the company’s confidential and trade secret information, transferring several gigabytes to outside entities along with illicit photos of the production line. Tesla accused a former technician at the Nevada Gigafactory of launching a sabotage campaign after being denied a promotion. Martin Tripp wrote a computer program to access proprietary information, sending material to three unidentified entities and attempting to cover his electronic tracks, the company said in the complaint.
Business Insider•yesterdayHow 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.
- InvestorPlace•7 hours ago
Back at the Lows, General Electric Stock Still Isn’t Worth Chasing
The rally in General Electric (NYSE:GE) stock has proven to be short-lived. GE stock saw a nice bounce of about 20% from April lows, as investors began to bet that all but the worst was priced in. As I argued in a detailed piece last month, I still think GE stock is worth roughly $9-11 per share, or 20-35% below current levels.
