- CNBC•1 hour ago
This map shows where Americans have the highest, and lowest, credit scores
If they weren't so nice, Minnesota residents could boast about having America's highest average credit scores. The state's residents have an average credit score of 709, which falls into the "good" range of scores between 670 to 739, according to Experian . "Credit scoring systems don't consider geography when calculating a consumer's credit score so the difference is going to be solely based on the composition of their credit reports," he says.
- Investopedia•4 hours ago
Verizon and AT&T Are Ready For Big Rebounds
Telecom giants Verizon Communications Inc. ( VZ) and AT&T Inc. ( T) have been noteworthy--or notorious--as major market laggards in recent years. Matthew Niknam of Deutsche Bank has a buy rating on Verizon based on several factors, including: "meaningfully improving" fundamentals for its wireless business, upside from the rollout of 5G service, an attractive valuation, and relative simplicity that's "a rarity in the space." Philip Cusick at JPMorgan issued a neutral rating on AT&T, and prefers Verizon, but his price target for AT&T implies healthy upside. After meeting with AT&T management, he believes that there is unlikely to be further government intervention in its acquisition of Time Warner, and that there is a clearer vision for utilizing the latter's content.
- Bloomberg•2 hours ago
Bank of America Sued for Allowing $102 Million Ponzi Scheme
Bank of America Corp. was accused in a lawsuit of providing more than 100 accounts used to perpetrate what the U.S. regulators called a $102 million Ponzi scheme. The brother and sister who sued to recover losses from their late father’s investment claim the fraudsters “could not have perpetuated their scheme without the knowing assistance of their primary banking institution, Bank of America, which lent the scheme an air of legitimacy and provided critical support, including at times when the scheme would have otherwise collapsed," according to the complaint. Bank of America spokesman Bill Halldin had no immediate comment on the suit.
- Bloomberg Video•5 hours ago
Trump Takes Aim at Harley-Davidson in Tax Threat
President Donald Trump turned his attention to Harley-Davidson's decision to move some production overseas to avoid European Union tariffs while his administration offers conflicting messages on trade plans. ON FRIDAY, WE COULD GET A NEW ANNOUNCEMENT REGARDING INTELLECTUAL PROPERTY.
Business Insider•8 hours ago'You have to move on': Tesla’s biggest bull explains what the rest of Wall Street is missing — and why Elon Musk sets out to fail on purpose (TSLA)
Pierre Ferragu of New Street Research has a $530 price target for Tesla — nearly 70% higher than the rest of Wall Street. The veteran analyst recently spoke to Business Insider about why he's so bullish on Tesla, and what others who cover the company are missing. Follow Tesla's stock price in real-time.
Business Insider•6 hours agoGeneral Electric surges after announcing another spinoff as it leaves the Dow (GE)
The moves come as new CEO John Flannery approaches his anniversary at the company's helm, where he has set out sweeping cost-cutting and debt-reduction goals. General Electric has found a way to tell investors some good news as it leaves one of the most famous stock indexes in the world. Shares of the once-sprawling industrial behemoth surged as much as 7% Tuesday after it said it would sell off its majority stake in oil services company Baker Hughes over the next two to three years.
Bloomberg•5 hours agoInsulin Pump Maker’s 900% Stock Surge Has More Room to Run
Tandem Diabetes Care Inc. bulls still see upside for the insulin pump maker, even after shares increased ten-fold so far this year. Sell-side analysts rushed to boost their price targets for one of the Russell 2000 Index’s best performers in the wake of last week’s Food and Drug Administration approval of a technology for the company’s insulin pump. Piper Jaffray analyst JP McKim called the approval a "game changer" that will help attract patients and give them reason to upgrade to newer pumps.
- Morningstar•yesterday
Do You Have Enough to Retire?
Social media went bonkers a few weeks ago in response to a Marketwatch article that discussed savings benchmarks for people in their 30s. You'll also be certain about any nonportfolio financial resources you'll be bringing into retirement--whether you'll have any income from a pension, for example, or how much of your cash-flow needs will be provided by Social Security.
Business Insider•2 days agoHousing 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.
- Barrons.com•4 hours ago
Tech Today: Dumping Intel, Holding AMD, Praising Nvidia
Here are some things going on today in the world of tech: It's a big day for chip ratings, with Intel (INTC) getting a downgrade and an initiation note, and new coverage of Nvidia (NVDA). Intel’s Structural Cracks Stacy Rasgon with Bernstein cut his rating on Intel to Underperform from Market Perform, and lowered his price target to $42 from $54, asking the question, “Does the hole at the top go all the way through?” referring to last week’s abrupt departure of Chief Executive Brian Krzanich for violating a no-fraternization policy.
- Yahoo Finance•yesterday
Why Trump's trade war hasn't tanked the market or the economy yet
Business sentiment has been shaken by U.S. President Donald Trump’s escalating trade war with China, the European Union and other countries, financial analysts say. Unlike in February when Trump first began saber rattling about trade tariffs and markets swooned, investors so far in June have continued to favor U.S. assets. Traders poured $3.4 billion in net funds into U.S. equities last week, according to analysis from Jefferies and Co., marking the seventh straight week of inflows.
Reuters•34 minutes agoGE breakup leaves it with best and worst performers
The slimmed-down company will focus on jet engines, power plants and renewable energy, which GE hopes will reward battered shareholders who have seen the stock lose more than half its value over the past 20 years. "This is really the culmination of 10 years of observations I've had about the company," said Chief Executive John Flannery, a GE veteran who took the helm in August with a mandate to revamp the company.
Business Insider•yesterdayTop execs in banking, retail, and tech are saying they don't practice work-life balance — because they found something better
JPMorgan Chase CMO Kristin Lemkau told Business Insider that, like Jeff Bezos, she values work-life integration over work-life balance. Other executives in a range of fields have discussed the importance of work-life integration, for themselves and for their employees. In a recent interview with Business Insider CEO Henry Blodget, Kristin Lemkau discussed how she juggles her many work and family responsibilities.
- The Wall Street Journal•3 hours ago
Investor Makes Massive Bet That China Could Scuttle Qualcomm-NXP Deal
Approval by China would remove the last hurdle for a deal that has been at a standstill for months. Qualcomm has obtained eight out of the nine necessary antitrust approvals for the deal. The deal is critical for Qualcomm--a dominant player in chips for smartphones--a business that has plateaued in recent years. Chinese regulators have expressed concerns that the merged company could crowd out domestic businesses. But in May, as U.S.-China trade tensions eased, Chinese authorities indicated that they intended to wrap up their review and approve the transaction.
InvestorPlace•yesterdayThe Next GE? Avoid These 5 Dicey Dividends
Many investors were kicked in the gut by General Electric (NYSE:GE) last year, no thanks to pundits who ignored numerous red flags and encouraged people to buy GE and its historically generous yield. Anyone keeping tabs on the all-important payout ratios for General Electric’s dividend had to see the writing on the wall. First off, its earnings payout ratio began to skyrocket in the quarters leading up to the cut, including breaking through the all-important 100% mark – in other words, it was paying out more in dividends than it was bringing in profits.
- InvestorPlace•yesterday
5 Chinese Stocks to Consider as China Heads Into a Bear Market
The escalating Chinese trade war has put Chinese stocks in a bear market. This also leaves investors in Chinese stocks in limbo. With the prospects for trade in question, investors are left wondering if and how they can still profit by investing in China.
InvestorPlace•5 hours agoBank of America Is a Bargain Heading Into Earnings
Banking stocks will be among the first to release their quarterly results, and that means it’s time to look at Bank of America (NYSE:BAC) once again. There are plenty of reasons to be bullish on BAC stock. The Federal Reserve is sticking to its plan to hike interest rates three times in 2018.
- CNBC Videos•23 hours ago
How Trump's trade team stopped the market from selling of...
Peter Navarro's comments lift the markets to a less bad loss. Are trade war fears overblown? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.
- CNBC•8 hours ago
GE says it plans to 'adjust' its dividend after it spins off its health care unit
General Electric says it will "adjust" its dividend once a just-announced spinoff of its health-care business is completed. GE's current dividend yield is to 3.8 percent, higher than its industrial rivals Honeywell, United Technologies and Eaton. General Electric said Tuesday it will "adjust" its dividend once a just-announced spinoff of its health-care business is completed.
Associated Press•3 hours agoAnother wave of sales leaves GE a vastly changed company
General Electric Co. is shrinking again, becoming a mere shadow of the globe-spanning conglomerate that it was before the Great Recession. GE said Tuesday that it will spin off its health-care business and sell its interest in Baker Hughes, which provides drilling services to oil and gas companies. GE traces its roots to Thomas Edison and the invention of the light bulb.
- Zacks•4 hours ago
Why Is General Electric (GE) Stock Surging Today?
Shares of General Electric GE gained about 8% in early morning trading Tuesday after the struggling multinational conglomerate announced plans to spin off its health-care business and separate its stake in Baker Hughes BHGE over the next few years. The moves should help General Electric pare down its debt and sharpen its focus on core businesses like aviation, power, and renewable energy. “We are confident that positioning GE Healthcare and BHGE outside of GE’s current structure is best not only for GE and its owners, but also for these businesses, which will strengthen their market-leading positions and enhance their ability to invest for the future, while carrying the spirit of GE forward,” said CEO John Flannery in a statement.
- CNBC•yesterday
Beaten Dow stock Johnson & Johnson is so bad it’s good, technician says
Health-care giant Johnson & Johnson JNJ has struggled to make gains this year, now down nearly 12 percent since January. Shares of Johnson & Johnson are up 43 percent in the past five years, compared with a gain of nearly 61 percent for the broader S&P 500 in the same time period. Despite the two historically trading in tandem, Worth believes the recent divergence could be setting Johnson & Johnson up as a catch-up opportunity.
- TheStreet.com•23 hours ago
3 Fierce Chinese Tech Stocks to Gamble on Right Now
Don't be scared to trade China. As the trade war volatility escalates between the U.S. and China, Trump has added more fuel to fire with his latest offensive to restrict Chinese investment in U.S. tech companies. Chinese e-commerce powerhouse Alibaba has eclipsed the headlines for all the right reasons.
- Bloomberg•7 hours ago
GE Gives Investors a Breakup. That's Something.
Nearly a year into his tenure, General Electric Co. CEO John Flannery has finally broken the tension between the old GE and the new GE. GE will spin off its health-care division, separate out its interest in its Baker Hughes energy business and take additional steps to shrink GE Capital. This is less radical than the full-blown split that some investors had been prepared for, but it will go a long way toward making GE less of a conglomerate.
- MarketWatch•5 hours ago
The single most important retirement strategy
New study of retirement planning reaches a surprising conclusionWorking a little longer can add a lot to your standard of living in retirement. Which of the following has the greatest impact on your retirement standard of living?
