Business Insider•2 hours agoFormer Microsoft CEO Steve Ballmer's has advice for Facebook and Google: Don't make the mistake we did (FB, GOOG, GOOGL, MSFT)
The backlash against Silicon Valley is growing. Steve Ballmer, the former CEO of Microsoft, has some advice for the likes of Facebook and Google: Accept you've screwed up, and work with regulators to fix it. As Silicon Valley battles scandals and increasing regulatory scrutiny, Former Microsoft CEO Steve Ballmer has warned Facebook and Google not to make the same mistake Microsoft did.
- InvestorPlace•3 hours ago
At This Point, Micron Stock Looks Pretty Much Unstoppable
Micron Technology Inc. (NASDAQ:MU) did it again. Strong earnings, and a stronger forecast from CEO Sanjay Mehotra, continued to power Micron stock upward, but bears won’t let it go past the fundamentals so the memory chip maker is still a buy. On June 20 Micron reported net income of $3.823 billion, $3.10 per share, on revenue of $7.8 billion for the quarter. This compares to earnings of $1.65 billion, $1.40 per share, and revenues of $5.56 billion a year ago.
- Zacks•yesterday
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.
MarketWatch•28 minutes agoHow to outlast a job you hate until you can retire
Filling your mind with pleasing images of retirement — what you’ll do, where you’ll reside — can divert attention from the daily grind. Counting the days until retirement gets easier if you’re used to priming your brain to work to your advantage. Joanne Waldman is director of training at Retirement Options, which certifies retirement coaches and offers retirement readiness assessments.
- Zacks•2 days 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.
Reuters•1 hour agoEU to respond to any U.S. auto tariff move - report
The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row. U.S. President Donald Trump on Friday threatened to impose a 20 percent tariff on all imports of EU-assembled cars, a month after his administration launched an investigation into whether auto imports posed a national security threat. "If they decide to raise their import tariffs, we'll have no choice, again, but to react," EU Commission Vice President Jyrki Katainen told French newspaper Le Monde.
- Zacks•yesterday
General Electric (GE) Secures Order for 50 New Locomotives
General Electric Company’s GE operating segment, GE Transportation, recently secured orders for 50 new locomotives from the Mexican and US rail subsidiaries of Kansas City Southern KSU. Notably, these locomotives are expected to be delivered by GE Transportation
- CNBC Videos•20 hours ago
'Fast Money's bitcoin funeral
The "Fast Money" traders break down their past coverage of bitcoin.
- The Fiscal Times•2 days 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.
- Zacks•yesterday
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.
- Yahoo Finance•yesterday
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.
- InvestorPlace•23 hours ago
The 4 Best Bitcoin Stocks to Consider (Even If You Hate Bitcoin)
As a result, the concept of bitcoin stocks, or companies that indirectly benefit from the rising bitcoin price, became popular. Browse the internet on this topic, and you’ll inevitably find financial analysts urging their readers to invest in bitcoin’s underlying blockchain technology, not in bitcoin itself. Imagine if an analyst told you to avoid Ford (NYSE:F) — or any other automaker — but to instead “invest in cars.” Those who advocate buying blockchain and not bitcoin are speaking words, but not really saying anything at all.
- Bloomberg•23 hours ago
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.
- InvestorPlace•yesterday
Stick With Alibaba Stock – Despite Recent Choppiness
From late April to early June, Chinese e-commerce giant Alibaba Group (NYSE:BABA) went gangbusters. It also acquired Daraz and continued to expand the commerce business into Southeast Asia. BABA stock was soaring from $170 to $200 and up.
- CNBC Videos•22 hours ago
What does OPEC's decision mean for gas prices?
Tom Kloza, Oil Price Information Service head of energy analysis, discusses how gas prices will be impacted by OPEC's decision to hike oil output.
Reuters•2 days 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.
- MarketWatch•2 hours ago
Micron earnings prove the doubters wrong again
Opinion: Memory chip maker’s stock gains after it combats every doomsday scenario with results and forecastBloomberg News/Landov”The industry we operate within is structurally different than in the past,” Micron Chief Executive Sanjay Mehrotra said Wednesday. Micron Technology Inc. once again countered all the doubts surrounding its stock Wednesday, as executives forcefully contended that the current strength in memory markets is not just a cyclical upturn. Micron (MU) on Wednesday reported strong profit and sales gains with a forecast that showed confidence that demand for memory chips will continue, along with higher prices of those components.
- Zacks•2 days 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.
- Zacks•4 hours ago
Should You Buy Caterpillar (CAT) Stock Right Now?
Shares of Caterpillar CAT closed up marginally on Friday, ending a streak of nearly two straight weeks of losses on the back of heightened trade war tensions between the U.S. and China. With that said, now might be the time for investors to consider buying Caterpillar stock based on its currently stellar valuation picture and strong growth prospects. Caterpillar has been one of the Dow’s worst performers during its recent downbeat stretch, which stands in stark contrast to its standing over the last few years.
- Zacks•yesterday
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
- Bloomberg•22 hours ago
Stormy Daniels Wants Collusion Lawsuit Sent Back to State Court
Stephanie Clifford, the adult-movie star professionally known as Stormy Daniels, wants the lawsuit alleging her former lawyer colluded with Donald Trump’s long-term attorney Michael Cohen sent back to state court. Cohen used “procedural gamesmanship” to have the case she filed June 6 in California state court in Los Angeles transferred to a U.S. federal court, Clifford said Friday in a court filing. The lawsuit is against Keith Davidson, who negotiated the $130,000 “hush payment” she received in 2016 from Cohen not to discuss an alleged tryst she had with Trump a decade earlier.
- Zacks•yesterday
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.
- Oilprice.com•yesterday
Tesla Closing Down Solar Capacity
Tesla is closing down solar panel sales and installation facilities in nine states, Reuters reports, citing current and former employees of the company’s solar business as well as internal documents. The documents name 14 solar panel installation locations of what was previously SolarCity across nine states as well as a suspension of a retail partnership with Home Depot. This partnership, Tesla employees told Reuters, brought in half of the solar business’ sales.
- InvestorPlace•yesterday
Why This Time It May Be Different for Kinder Morgan Stock
There’s a lot to like about Kinder Morgan (NYSE:KMI) at the moment. While KMI is still heavily leveraged, the balance sheet is improving. KMI stock looks reasonably cheap compared to peers, and plans for an increasing dividend suggest the yield could exceed 7% (against current prices) in just two years.
- Zacks•yesterday
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.
