Business Insider•yesterdayHousing affordability in America is its worst in nearly a decade, and there's one clear culprit
Housing affordability hit its worst level in nearly a decade during the first quarter, according to Attom Data Solutions. Attom measures affordability by comparing average wages to median home prices to determine the share of income people need to spend on housing. Prospective buyers needed to shell out more because mortgage rates rose.
Business Insider•16 hours agoHow employee goals at Google changed after Sundar Pichai took over as CEO after Larry Page
Google is a slightly different company now than it was in 2015, before Sundar Pichai took over from Larry Page to be the company's new CEO. One of the changes Pichai implemented was a simplification to the goal-setting process, known as Objectives and Key Results (OKRs).
- The Fiscal Times•16 hours ago
Supreme Court Approves Online Sales Taxes. Here's What Happens Next
In a close decision delivered Thursday, the Supreme Court cleared the way for state and local governments to begin collecting sales taxes from online retailers and other merchants who lack a presence in a given locale. The decision could result in billions of dollars in extra tax revenues at the state and local level. The background: A 1992 court decision exempted retailers who lacked a physical presence in a state, such as catalog merchants, from paying sales taxes.
Reuters•21 hours agoChina-U.S. trade war hits Daimler profit, may sweep sector
Germany's Daimler cut its 2018 profit forecast and BMW said it was looking at "strategic options" because of a trade war between China and the United States, sparking fears of a wave of earnings downgrades in the auto industry. Daimler said late on Wednesday that import tariffs on cars exported from the United States to China would hurt sales of its Mercedes-Benz cars, resulting in slightly lower earnings before interest and taxes (EBIT) this year.
Business Insider•20 hours agoThis chart should convince every teen to start saving for retirement
If you start saving in a Roth IRA at age 15 rather than 25, you can double your savings by retirement with no extra work. "Individual retirement accounts, known as IRAs, are super smart places to put your money. Kobliner says young people should be taking advantage of Roth IRAs, because any earned income stored there will be taxed today rather than at withdrawal, when they're more than likely to be in a higher tax bracket.
Business Insider•2 days agoMarijuana stocks are surging after Canada legalizes the drug
Marijuana stocks are surging after Canada became the second country in the world to legalize the drug. The Canadian Marijuana Index was up 3.34% as of 10:45 a.m. Marijuana stocks surged Wednesday morning after Canada legalized the drug.
- Zacks•18 hours ago
3 Tech Stocks for Dividend Investors to Buy Now
Tech stocks have been unpredictable at times recently, but the sector has rebounded from volatility strongly, and there is no question that tech has been the leader of the market’s strong multiyear run. Finding a strong dividend-yielding tech stock might feel like searching for a golden goose, but investors should not feel too intimidated. In fact, dividend-focused investors can search for the best tech stocks by using the Zacks Stock Screener, the perfect one-stop screening tool for investors of all kinds.
- CNBC Videos•21 hours ago
Kevin O'Leary: It's crazy to rely on a joint bank account...
"Shark Tank" investor and personal finance author Kevin O'Leary says that even married couples shouldn't only have joint checking accounts.
- TechCrunch•yesterday
AT&T launches a low-cost live TV streaming service, WatchTV
AT&T this morning announced the launch of a second TV streaming service, called WatchTV, days after its merger with Time Warner. The lower-cost alternative to AT&T's DirecTV Now will offer anyone the ability to join WatchTV for only $15 per month, but the service will also be bundled into AT&T wireless plans.
Associated Press•11 hours agoIntel CEO out after consensual relationship with employee
Intel CEO Brian Krzanich resigned after the company learned of what it called a past, consensual relationship with an employee. Intel said Thursday that the relationship was in violation of the company's non-fraternization policy, which applies to all managers. Spokesman William Moss said Intel has had the policy in place for "many years." He declined to comment further.
InvestorPlace•18 hours ago5 Top Stock Trades for Friday Morning
Stocks were under pressure again on Thursday, driving U.S. indices lower once again on the week. The Dow Jones is now flirting with its eight consecutive close lower. Is it time to shop around with some new top stock trades? Top Stock Trades for Tomorrow
- CNBC•15 hours ago
Cramer Remix: It was the hottest group in the market until Red Hat reported
CNBC's Jim Cramer breaks down why cloud-based enterprise software stocks are still red-hot despite Red Hat's disappointing guidance. The "Mad Money" host also hears from the CEOs of Okta and Zume, Inc. In the lightning round, Cramer recommends two plays for the current market environment.
- Zacks•19 hours ago
3 Great REITs to Buy Right Now
The stock market’s strong run over the past few years brought attention to high-flying growth stocks, usually from the technology sector, that were consistently outpacing the market. REITs are companies that own, operate, or finance real estate properties that produce income, such as apartment complexes or retail locations. First of all, real estate can be a very profitable investment sector when certain economic conditions are present.
- Bloomberg Video•14 hours ago
What an OPEC Deal Would Mean for the Oil Market
Jun.21 -- OPEC and its allies reached a preliminary agreement in the face of strong opposition from Iran to boost production by a theoretical 1 million barrels a day — the actual increase will be smaller as several countries are unable to raise output. Amrita Sen, chief oil analyst at consultant Energy Aspects, and Bob Yawger, director of futures at Mizuho, talk with Bloomberg's Alix Steel about the OPEC meeting, oil production levels and oil prices.
- U.S.News & World Report•yesterday
How to Get Over the Great Recession -- and Manage Your Money Better
The Great Recession hit more than a decade ago, but Americans are still feeling the effects of it on their pocketbooks. When it comes to wealth distribution, families at the middle saw their household wealth drop from more than $140,000 in 2007 to $85,000 in 2010. Despite gains in recent years, average household wealth still hasn't caught up to those pre-recession levels, according to calculations from the Urban Institute.
MarketWatch•3 hours agoIntel CEO Krzanich steps down after company uncovers past relationship with employee
Intel Corp. Chief Executive Brian Krzanich has resigned from the company effective immediately, the tech giant said Thursday, after he was found to have violated company policies through a past relationship with another employee. In a release, Intel (INTC) announced that an investigation by internal and external counsel found that Krzanich violated the company’s “non-fraternization policy” when he had a “past consensual relationship” with someone else at the company. Intel’s policy “applies to all managers,” the company said.
- Zacks•15 hours ago
3 Casino Stocks to Buy Now
Perhaps it is because trading stocks can often mirror the thrill of winning big at the blackjack tables, or maybe it is because Las Vegas conjures images of the world’s most flashy brands and businessmen. Regardless of the reason, it is clear that gambling stocks are always among the most popular on Wall Street. Luckily for investors, now is also a great time to be buying gambling stocks, as continued Vegas strength, a great recovery in Macau, and overall international interest in gaming have led to rising share prices.
InvestorPlace•2 days 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•2 hours ago
Caterpillar Enters Oversold Territory
Caterpillar Inc. CAT has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. This is especially true when investors take a deep dive into some of these estimate revision stats and recent changes to Caterpillar’s earnings consensus.
- Zacks•17 hours ago
Anatomy of Success: Micron (MU)
Stocks with a #1 (Strong Buy) ranking have a long history of outperforming the markets over a one-to-three-month time period, and it’s important to note that only 5% of the Zacks Rank universe receives this unique grade. Not only does this ranking system help identify the most elite companies, but it also enables people to hold a certain security while it continues to gain in value beyond the three-month investment horizon. Below, we highlight a stock that has evolved into a strong player in the broad semiconductor industry, and by following our ranking system, investors could have realized major gains.
Reuters•yesterdayChina to reduce U.S. oil imports post-September amid trade spat: sources
SINGAPORE/BEIJING (Reuters) - Chinese oil buyers will keep taking crude from the United States through September, but plan to reduce future purchases to avoid a likely import tariff amid a trade spat between the world's two largest economies, multiple industry sources said. Beijing has put U.S. energy products, including crude oil and refined products, on lists of goods that it will hit with import taxes in retaliation for similar moves by Washington. Beijing did not specify when it will impose a 25 percent tax on oil, and that gives buyers time to adjust purchases while waiting for the outcome of trade talks, the sources said.
- MarketWatch•21 hours ago
I3 Verticals stock soars after IPO
MARKET PULSE Shares of I3 Verticals Inc. (iiiv) have soared 42% in Thursday trading, following the payments company's initial public offering. I3 priced its IPO at $13 a share late Wednesday, and shares are now trading above $18. The
Reuters•14 hours agoIntel CEO resigns after probe of relationship with employee
Krzanich led Intel as rival chipmakers ate away at its dominance in the technology over several decades and he also presided over a series of high-level executive departures. The change in leadership comes as Intel expands beyond personal computers and servers into areas such as artificial intelligence and self-driving cars, where smaller competitors including Nvidia Corp (NVDA.O) are strong. The board named Chief Financial Officer Robert Swan as interim CEO and said it has begun a search for a permanent CEO, including internal and external candidates.
Business Insider•yesterdayIntel CEO resigns after investigation finds he had past relationship with employee (INTC)
Intel's CEO resigned in a surprise announcement on Thursday. Intel said it had discovered he had a "past consensual relationship" with an employee in a violation of company policies. CFO Bob Swan will take over as interim CEO, according to the release.
- Bloomberg•20 hours ago
Intel Executive Bench Is Thin After Outgoing CEO Ousted Rivals
The ouster of Intel Corp. Chief Executive Officer Brian Krzanich for an inappropriate workplace relationship leaves the world’s second-largest chipmaker with the worst leadership crisis in its 50-year history. During a five-year stint as CEO, Krzanich upended Intel’s executive mentoring approach and pushed out several internal leaders, some of whom vied with him for the top job. Leaders who may have stepped into the CEO role in this situation but who left include Renee James, Stacy Smith, Dadi Perlmutter, Kirk Skaugen and Dianne Bryant.
