Southwest Bumps Into New Trouble Due to Flight 1380 Incident

Southwest Airlines Co. LUV is faced with a new trouble related to the April 17 flight 1380 incident. Per media reports, a group of eight passengers aboard the Southwest flight in April has filed a lawsuit against the carrier in the Supreme Court of New York. The tragic incident in April forced the carrier to make an emergency landing at the Philadelphia International Airport due to an engine failure causing a fan blade to detach.

• FAA faces scrutiny over how it handled concerns about Southwest operations before Flight 1380 tragedy

  The Charlotte Observer
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  Southwest passengers who survived a fatal flight are suing the airline claiming they suffered 'overwhelming horror'

  Business Insider

Housing 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.

• Mortgage Payments Require Largest Share of Income Since 2009

  MarketWatch
• 
  Housing affordability is at a 10-year low with tight inventory, rising rates

  Yahoo Finance Video

J&J's Drug Unit Chief Expands Portfolio in Executive Shakeup

Johnson & Johnson’s head of pharmaceuticals, Joaquin Duato, will add the company’s consumer business to his portfolio in an executive shakeup at the U.S. health-care conglomerate. J&J said Friday that Duato, 56, will take over much of the portfolio overseen by Sandra Peterson, 59, who is retiring on Oct. 1. Duato and Paul Stoffels, who leads J&J’s drug research and development, will both be named vice chairmen of the New Brunswick, New Jersey-based company’s executive committee.

• Johnson & Johnson Announces Retirement of Group Worldwide Chairman, Sandra E. Peterson

  MarketWatch
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  Johnson & Johnson Appoints Senior Leaders to Executive Committee

  PR Newswire

Foxconn executive: Make products in the US and sell them to China

Foxconn, which makes electronic devices for Apple and Amazon in China, will open its first U.S. facility in Winsoncin. Foxconn, the world’s largest electronics contract manufacturer and a major Apple (APPL) supplier, defended its $10 billion investment in the U.S. amid the trade dispute between the U.S. and China. “If you want to work around customers, to satisfy [their different needs], or take advantage of [the] consumer electronic markets, there are no other places to go but China and the U.S,” said Louis Woo, special assistant to Foxconn Chairman Terry Gou, at the SelectUSA Investment Summit in National Harbor, Maryland, on Thursday.

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  Apple's top manufacturer says China has 'unreasonable' laws and regulations and its workers should be allowed more overtime (AAPL)

  Business Insider
• 
  Apple's Biggest Supplier May Be Breaking Its iPhone Habit

  Bloomberg

Mueller Seeks to Bar ‘Vindictive’ Defense at Manafort Trial

Special Counsel Robert Mueller asked a judge to bar Paul Manafort from arguing at his upcoming criminal trial that the government’s investigation into his business activities was selective or vindictive. Donald Trump’s former campaign chairman should also be blocked from speculating about Mueller’s motive or saying the Justice Department probed the same activity in 2014 “and simply chose not to pursue it,” the U.S. said in a filing Friday in federal court in Alexandria, Virginia. “The boundaries of the special counsel’s authority are irrelevant to the jury’s consideration of whether the evidence proves the elements of the tax, foreign account, and bank fraud offenses,” the U.S. said in the filing.

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  Judge denies Paul Manafort's bid to drop money laundering charge

  CNBC.com
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  AP-NORC Poll: Americans say no to presidential self-pardons

  Elko Daily Free Press

This 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.

• Ask Kim: Taxes when using the backdoor into a Roth IRA

  Chicago Tribune
• 
  In Choosing Options, One Size Does Not Fit All

  The Chief

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.

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  Shark Tank’s Kevin O’Leary Discusses How Newlyweds Should Approach Bank Accounts and Finances

  the knot
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  Kevin O'Leary: 'Never' rely on a joint bank account — even if you're married

  CNBC

Trump greets EU trade reprisals with threat of steep auto tariff

President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars. Trump posted his threat on Twitter the day European Union reprisals took effect against U.S. tariffs on European steel and aluminum. The EU targeted $3.2 billion in American goods exported to the 28-member bloc.

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  EU slaps new tariffs on US goods

  Fox Business Videos
• 
  Donald Trump threatens EU with 20% tariffs on European cars in major escalation of trade war

  The Independent

Krzanich Leaves Intel with Many Questions (and a Few Answers)

Intel INTC CEO Brian Krzanich was forced to resign after internal and external auditors discovered that he had a past consensual relationship with a direct reportee in contravention of the company’s non-fraternization policy for managers. For one thing, he oversaw the departure of several Intel veterans including data center chief Dianne Bryant who moved to Alphabet GOOGL last year, CFO Stacy Smith who retired, former president Renee James who resigned in 2015 to set up her own company in competition with Intel, Justin Rattner, Dadi Perlmutter and Kirk Skaugen. Second, Intel lost its process lead during his tenure because of issues in moving to 10nm.

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  Krzanich's resignation keeps intrigue coming at Intel

  American City Business Journals
• Intel CEO Krzanich resigns after violating company's 'non-fraternization policy'

  MarketWatch

Why Is L Brands (LB) Up 7% Since Its Last Earnings Report?

It has been about a month since the last earnings report for L Brands, Inc. LB. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. L Brands came up with first-quarter fiscal 2018 results, wherein earnings of 17 cents per share outpaced the Zacks Consensus Estimate of 15 cents, though it slumped 48.5% year over year.

• Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) Expected to Post Earnings of $0.33 Per Share

  The Cerbat Gem
• BioSig Technologies Inc (BSGM) Forecasted to Post FY2018 Earnings of ($0.30) Per Share

  The Cerbat Gem

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.

• South Dakotans may see lower rate after sales tax ruling

  Miami Herald
• 
  Internet sales tax ruling a win for brick-and-mortar retailers

  Fox Business

Why Tesla Shorts Are Doomed

Make no mistake about it, the Tesla (TSLA) shorts are going to be covering.  We saw the first wave of shorts cashing in on a recent share price tumble, but what followed was only the start of what could be an epic run. The shorts won’t be helped if Tesla misses sales estimates.  I know that flies in the face of common sense, but the fact is that TSLA has come up short of expectations far more than it has beaten the number. Tesla announces quarterly car sales on or about July 6, 2018 – but the numbers don’t really matter.  To be clear, the numbers kind of matter, but we already know they are pretty good.  They will show solid growth for all models, but that isn’t the story.

Top Research Reports for Procter & Gamble, AbbVie & IBM

Friday June 22, 2018The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Procter & Gamble (PG), AbbVie (ABBV) and IBM (IBM). These research reports

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  The Zacks Analyst Blog Highlights: Nike, Morgan Stanley, FedEx, TOTAL and ArcelorMittal

  Zacks
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  The Zacks Analyst Blog Highlights: American Woodmark, Boise Cascade, PGT, Beazer Homes and Meritage Homes

  Zacks

Oil prices soar following OPEC meeting

Jim Iuorio, TJM Institutional Services managing director, and Bob Iaccino, Path Trading Partners chief market strategist, discuss why crude prices are soaring following OPEC's decision to hike oil production.

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  OPEC agrees modest hike in oil supply after Saudi and Iran compromise

  Reuters
• 
  Iraqi oil ministry says OPEC should be careful before altering...

  Reuters India

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.

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  Can AT&T’s WatchTV Streaming Service Combat Digital Rivals?

  Market Realist
• 
  AT&T's latest unlimited plans include a new live TV service

  Engadget

Zacks Value Trader Highlights: General Electric, Starbucks, Pfizer and ExxonMobil

Chicago, IL –June 22, 2018 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service, shares some of her top value investing tips and stock picks. Two stocks were recently in the news: General Electric GE and Starbucks SBUX.

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  HWC or VBTX: Which Is the Better Value Stock Right Now?

  Zacks
• 
  How Long Should You Own a Stock?

  Zacks

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.

• 
  Read This Before Buying Grupa Kety SA (WSE:KTY) For Its Upcoming zł23.94 Dividend

  Simply Wall St.
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  5 Top Dividend Kings to Buy and Hold Forever

  The Motley Fool

The Zacks Analyst Blog Highlights: Micron, NVIDIA, Texas Instruments, Diodes and Silicon Laboratories

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Micron Technology, Inc. MU, NVIDIA Corp. NVDA, Texas Instruments Inc. TXN, Diodes Inc. DIOD and Silicon Laboratories Inc. SLAB. Micron Technology, Inc. reported stellar sales and profits in the fiscal third-quarter 2018, fueled by high demand for chips that store data in mobile devices and components.

• 
  Sell Micron, Says UBS—Big Correction Coming in 2019

  barrons.com
• Amalgamated Bank Has $8.08 Million Holdings in Micron Technology, Inc. (MU)

  The Cerbat Gem

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.

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  Minto Apartment REIT Raises $151 Million in Canada IPO

  Bloomberg
• Minto Apartment Real Estate Investment Trust files final prospectus for $200 million initial public offering

  CNW Group

UPS Signs 5-Year Tentative Labor Deal: What Lies Ahead?

United Parcel Service, Inc. UPS received encouraging news on the labor front when the company inked a tentative deal with the International Brotherhood of Teamsters — a labor union in the United States and Canada. Notably, this provisional agreement with the teamsters union pertains to the wages and other benefits of multiple employees (mostly package handlers and drivers) in Louisville.

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  UPS strikes deal with Teamsters, averting national strike

  CBS News
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  UPS, Teamsters negotiators agree to higher wages, potential Sunday delivery

  Louisville Courier-Journal