- 2018-08-17 02:26:45Z
U.S. stocks are mostly lower Friday morning as chipmakers slide, leading losses for technology companies. Energy companies are rising with oil prices. Tesla is falling further on reports of a growing government ...
As Tesla Inc.'s "going private" chaos turns more ominous, investors are taking a step back. Shares of the electric vehicle maker dropped 3 percent in early trading on Friday, and are now down more than 14 percent since Elon Musk tweeted last week about his plans to take the company private, taking the market by surprise. The latest turn in the drama came late on Thursday, when the New York Times reported a teary-eyed Musk saying that no one had seen or reviewed the tweet before he posted it while driving himself to the airport.
NEW YORK/WASHINGTON (Reuters) - U.S. President Donald Trump said on Friday he had asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every quarter. Publicly traded companies in the United
Nvidia warned on its second-quarter conference call that it won't make money from cryptocurrency going forward. Nvidia's actual crypto-specific revenue was lower than expected. The chipmaker cut its revenue guidance for the third quarter.
Per reports, Petróleo Brasileiro S.A. or Petrobras PBR may abandon its plans to divest stakes in Brazilian petrochemical company, Braskem SA. In 2016, Petrobras had announced to offload its 36% interest in Braskem for $1.1 billion, in a bid to reduce its huge debt. Notably, Petrobras had been hit hard by the industry downturn and loss of goodwill, owing to the massive corruption scandal. In fact, in the last reported quarter, Petrobras posted its best quarterly results since 2011, courtesy of crude price rally.
It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Amazon.com, Inc. AMZN. This year's significant earnings growth expectation over the prior year should ultimately translate into price appreciation.
President Donald Trump on Friday tweeted that the US could abandon quarterly financial reporting. Major CEOs like JPMorgan's Jamie Dimon and Berkshire Hathaway's Warren Buffett have called for changing the way companies report their financials. President Donald Trump on Friday said he had instructed the US Securities and Exchanges Commission to investigate the abolition of quarterly financial reporting for US companies.
U.S. stock index futures dipped on Friday as dour forecasts from Applied Materials and Nvidia weighed on shares of chipmakers and a recovery in Turkey's lira ran out of steam. Shares of Nvidia dropped ...
MANILA, Philippines (AP) - Passengers of a plane from China that veered off a runway at Manila's airport and lost an engine and a wheel after landing hard in a rainstorm recalled Friday their brush with the terrifying mishap, with some of the 165 people on board expecting the worst.
An Australian teenager has pleaded guilty to hacking Apple, stealing 90 gigabytes of secure files, and accessing customer accounts. Apple identified and reported the hack to the FBI. An Australian teenager managed to hack Apple, steal 90 gigabytes of secure files, and access customer accounts, a court
Electric car maker Tesla's CEO Elon Musk admitted to The New York Times that stress is taking a heavy toll on him personally in what he calls an "excruciating" year. The newspaper said Musk alternated between laughter and tears during the interview in which he said he was working up to
SAN FRANCISCO (AP) - In the history of California wildfires there has never been anything like it: A churning tornado filled with fire, the size of three football fields.
The Pentagon sounded a warning over China's plans to introduce floating nuclear power plants on disputed islands and reefs in the South China Sea, part of annual report assessing the nation's military strength.
Google CEO Sundar Pichai and cofounder Sergey Brin met with employees during an all-hands meeting on Thursday and discussed reports that Google planned to launch a censored search engine in China. Pichai told staff that the company is not close to launching a search product in China. The meeting grew
WASHINGTON (AP) - The Defense Department said Thursday that the Veterans Day military parade ordered up by President Donald Trump won't happen in 2018.
Investing.com - The Dow had its best day in months as investors cheered bullish earnings from Walmart and optimism over U.S-China relations as both parties will resume trade talks.
The company's bleak outlook for cryptocurrency chips was a sharp reversal from the prior fiscal quarter, when sales to so-called miners of digital currencies such as bitcoin and ethereum amounted to $289 million, nearly a 10th of Nvidia's revenue. Nvidia previously had forecast sales for cryptocurrency
Jim Cramer answers callers' questions about how to diversify their portfolios, including which tech stocks to keep and which to throw out.
The number of "401(k) millionaires" surged in the second quarter, as broad gains in the stock market lifted the value of Americans' retirement plans. Fidelity Investments said Thursday the number of people with at least $1 million in their 401(k) plan climbed to 168,000 by the end of June, up 41 percent compared to the same quarter in 2017. The company also noted that the percentage of 401(k) millionaires who are women rose to 21 percent.
Aug.16 -- Bloomberg Intelligence's Anand Srinivasan examines Nvidia Corp.'s fiscal second-quarter earnings and revenue forecast. He speaks on "What'd You Miss?"
Motorola's new P30 smartphone is getting roasted online for looking almost exactly like the iPhone X.It's not the only phone that sports a strikingly similar look as Apple's flagship phone, but it's the latest example of an amusing trend. Here's a quiz to see if you can tell
Believe it or not, despite recent headlines and volatility, the bull market in U.S. stocks is still alive and well. Calendar 2018 has been fairly bumpy relative to prior years, thanks to global inflation, trade and debt risks. In the big picture, the bull market for stocks is still in tact.
A funny thing happened between Aug. 16, 2012, when Apple (NASDAQ:AAPL) initiated a $2.65 quarterly dividend, its first since 1995, and today - Apple became a dividend stock. Since the company paid that first dividend, Apple's stock shot up 233% and its dividend has grown by 115%, an annualized growth rate of 14%. A big reason Apple initiated its capital allocation program in the first place was to appease investors who felt its growth was slowing and it wasn't returning enough money to shareholders through dividends and share repurchases.
Aretha Franklin, the 'Queen of Soul,' has passed away at the age of 76.
MoviePass has changed its terms yet again, making it even tougher for subscribers to see films.On Thursday, the company said in an email that the number of films would be narrowed to six, though a weblink listed seven movies. That followed an earlier
Flight MF8667 was at the end of a two-and-a-half-hour flight from the southern Chinese city of Xiamen when the incident occurred. Tracking data indicated the crew had aborted an earlier landing attempt. A Xiamen Airlines jet crashed while landing at Manila's Ninoy Aquino International Airport on
The "Queen of Soul," who died on Thursday at 76, had a money quirk.
Walmart is surging after crushing earnings estimates Thursday morning, adding about $12 billion to the wealth of the Walton family. An investment of $1,000 at the start of 1980 would be worth over $1.9 million today. Walmart's stock price is surging after the company announced better-than-expected earnings results Thursday morning.
elvin Harris is being held on suspicion of second-degree murder.
The fate of Paul Manafort, President Donald Trump's former campaign chairman, is in the hands of 12 jurors in Alexandria, Virginia. Subscribing to a false tax return in 2012, when he reported $5,361,007 in income. Over those years, Manafort failed to declare more than $15 million in income spent on real estate, custom suits, home improvements, antiques, landscaping and other luxury items, according to prosecutors.
Newspapers from Maine to Hawaii pushed back against President Donald Trump's attacks on "fake news" Thursday with a coordinated series of editorials speaking up for a free and vigorous press - and, not surprisingly, Trump didn't take it silently. The Portland (Maine) Press-Herald said
Walmart Inc posted its best quarterly U.S. sales growth in a decade and upped full-year sales and profit outlooks on Thursday, sending shares surging as a jump in online and grocery purchases showed it can hold its own against Amazon.com Inc. The world's largest retailer is known for its sprawling stores, a factor that could have worked against it as shoppers migrate online. Walmart has also overhauled its website and worked to use physical locations as distribution points for online orders of groceries and other goods, helping retain buyers who increasingly expect quick, cheap shipping.
Investors looking to fund a nest egg should consider Apple, Disney, and Target.
The United States will be "a good ally" to the Philippines in responding to territorial conflicts in the South China Sea, a US defence official said Thursday. Randall Schriver, assistant secretary of defense for Asian and Pacific security affairs, gave the assurance as tensions rise over China's aggressive stance towards its claims to most of the strategic waterway. Speaking to reporters at the US embassy in Manila, Schriver was asked if the United States, which is bound to the Philippines by a mutual defence treaty, would help the country if China invaded the main Filipino-occupied island in the South China Sea.
Walmart shares (WMT.N) surged 9.5 percent, the most on the S&P 500, after the retailer said U.S. comparable sales grew the most in a decade and posted strong e-commerce sales. The S&P retailers index (.SPXRT) gained 0.63 percent. All of the 11 major S&P sectors were higher, with technology stocks (
Shares of Nvidia NVDA opened higher-but quickly dipped into the red-on Thursday morning, just hours before the popular graphics chip manufacturer is scheduled to release its latest quarterly financial results. Nvidia's dip contrasted broader gains in U.S. stocks, which were lifted by strong earnings results from the likes of Walmart WMT and news that the U.S. and China will resume trade talks later this month. Expectations are always high when Nvidia reports as Wall Street looks for the trendy growth company to maintain its rapid expansion, and it looks like investors are displaying some hesitation this morning.
If you're not sure what to make of Advanced Micro Devices (NASDAQ:AMD) here in the shadow of an 1100% gain from AMD stock over the course of the past three years (and a doubling just since early April), you're not crazy. To that end, if a newcomer to Advanced Micro Devices is weary of diving into a new trade simply because the water you'd be diving into isn't entirely clear, here's a quick primer that might put things in perspective. On the off chance you're reading this and haven't yet put two and two together, Advanced Micro Devices is in the middle of a turnaround story.
Lockheed Martin Corp.'s LMT Space Systems division recently won a $2.94 billion contract for developing three next-generation Overhead Persistent Infrared (OPIR) Geosynchronous Earth Orbit Space vehicles. The contract was awarded by the Space and Missile Systems Center, Los Angeles Air Force Base, CA. Per the terms of the deal, the company will provide requirements analysis and procure critical path flight hardware along with conducting risk reduction efforts, which would lead to a system critical design review of the missile warning satellites.
The company steps into the earnings fray next week, and BABA stock finds itself once again trading at multi-month lows. Specifically, BABA stock is in a situation very similar to what we saw back in April.
NEW YORK (AP) - U.S. stocks are surging Thursday morning as China and the U.S. prepare to hold their first trade discussions in months, a potential sign of progress toward ending the trade war between them. Walmart is surging after the retailer said its sales climbed in second quarter.
President Donald Trump looks to have changed his tune on the U.S. dollar -- at least for now. After repeatedly talking down the value of the currency in the past, Trump boasted on Twitter on Thursday that investors were pouring money into the greenback -- a development that would tend to push the currency
Billionaire entrepreneur and investor Mark Cuban appeared on CNBC recently and sounded a cautious tone about the stock market. In this column, I will explain why someone who is cautious about the stock market can be bullish about NFLX stock and AMZN stock. Cuban does own four dividend stocks.
With just a quick glance General Electric (NYSE:GE) and Ford Motor (NYSE:F) appear to be cut from the same cloth. Both were once at the top of their game, but recently, both F and GE stock have been destroyed as the sheer passage of time has made the two companies much less relevant. When one takes a closer look, however, it becomes clear that General Electric and Ford aren't exactly carbon copies of one another.
Chinese video streamer iQiyi (NASDAQ:IQ) has been a roller coaster since it was spun-off from Baidu (NASDAQ:BIDU) in late march. At first, IQ stock staged a powerful rally, going from $18 to $46 (as of mid-June).7 Internet Stocks to Buy on a 2018 Pullback
Wendy's Co. has agreed to sell its stake in Arby's backer Inspire Brands Inc., marking the latest ownership change in a rapidly shifting restaurant industry. The sale price represents a 38 percent premium on Wendy's previous valuation of the investment, it said. "The opportunity to monetize our investment
U.S. stock futures are rebounding this morning on easing global tensions. Stocks are rebounding on the promise of resumed U.S./China trade talks and a $15 billion investment in Turkey by Qatar. Strong quarterly reports from Walmart (NYSE:WMT) and Cisco Systems (NASDAQ:CSCO) are also helping boost sentiment
Former Prime Minister Atal Bihari Vajpayee, who ordered nuclear tests to make India a nuclear weapons power and traveled by bus to Pakistan in a grand diplomatic gesture, died on Thursday, the hospital where he was being treated said in a statement. A poet-politician, Vajpayee was one of the most popular leaders of Prime Minister Narendra Modi's ruling Hindu nationalist Bharatiya Janata Party (BJP).
More price cuts are cropping up on U.S. housing markets listings than a year ago. This signals a turn in the market, which has been largely a seller's market for the past few years. While buyers aren't fully in control, the pressure is definitely decreasing for them as they gain negotiating
A stock's price can fall for many reasons. The company may no longer be performing as it's expected to. The industry or sector could be temporarily out of fashion. Sometimes, a weak market simply pulls good stocks down with it. As long as the issue isn't fundamental (and long-term), you
Chipotle Mexican Grill (NYSE:CMG) advanced more than 6% following a big upgrade from Morgan Stanley. As Thursday's action gets going, AT&T (NYSE:T), Hormel Foods (NYSE:HRL) and International Paper (NYSE:IP) are shaping up as the top trading bets.