Month: December 2016

UnitedHealth Is on the Sidelines

Year to date, shares of UnitedHealth are up 39% after the stock rallied on the back of a Trump victory. After the election, the stock rallied sharply as investors piled into the stock anticipating the end of Obamacare and major tax reform.

Rev’s Forum: Holiday Trading Is a Tendency, Not a Certainty

” A Santa Claus rally is a surge in the price of stocks that often occurs in the week between Christmas and New Year’s Day. There are numerous explanations for the Santa Claus Rally phenomenon, including tax considerations, happiness around Wall Street, people investing their Christmas bonuses and the fact that the pessimists are usually on vacation this week”.

3 Tax Scams to Watch Out For in 2017

Tax season is right around the corner and, unfortunately, a surge in tax scams is likely to come with it. Tax scams can take many different forms, but most tax scams fall under three major categories: fraudulent returns, phone scams, and phishing.

3 Precision Medicine Stocks to Buy in January

The National Institutes of Health defines precision medicine as “an emerging approach for disease treatment and prevention that takes into account individual variability in genes, environment, and lifestyle for each person.” For several companies, this approach is already a reality — and it has created opportunities for investors.

Toshiba Says Nuclear Unit Faces Billions of Dollars in Charges

Toshiba Corp. warned that it may book a writedown of several billion dollars related to an acquisition made by U.S. unit Westinghouse Electric. The company’s shares fell 12 percent to 392 yen at the close in Tokyo on Tuesday, the biggest decline since December 2015, after earlier reports that it may book a loss of as much as 500 billion yen .

Monte Paschi Says ECB Sees the Need for $9.2 Billion of Capital

The European Central Bank sees Italian lender Banca Monte dei Paschi di Siena SpA needing about 8.8 billion euros of capital to bolster its balance sheet. The calculation is based on the results of a 2016 stress test, the bank said in a statement late Monday, citing two letters from the ECB that it received via Italy’s Finance Ministry.

China Promotes Yin Yong to Deputy Governor of Central Bank

China promoted Yin Yong to deputy governor of the central bank from assistant governor and named Liu Guoqiang as an assistant governor of the monetary authority. People’s Bank of China Deputy Governor Guo Qingping and assistant governor Yang Ziqiang will step down, according to a statement released Tuesday on the State Council’s website without giving further details.

Cell service at Rainier: Do you want to hear me now?

In this photo taken Friday, Dec. 16, 2016, Mount Rainier fills the sky behind as a group of snowshoers head out of the Paradise area for an outing at Mount Rainier National Park, Wash. Spotty or no cellular service has been the norm at the nation’s … fifth oldest park south of Seattle, but that could change soon.

China Vows to Protect Information Security – Using All Means’

China will use all necessary means to protect its information security, including the use of its military, striking a hard line in the country’s first strategic report on cybersecurity. Zhao Zeliang, director general of the bureau of cybersecurity for the Cyberspace Administration of China, called for a “secure and controllable” internet at a briefing in Beijing on Tuesday.

India Tests Long-Range, Ballistic Nuclear-Capable Missile

India successfully test-fired its longest range nuclear-capable missile, confirming its status in the select group of nations with weapons that can travel from one continent to another. Agni-V, with a range of more than 5,000 kilometers , completed its final firing test at the Defence Research and Development Organization’s range on Dr. Abdul Kalam Island off the coast of the eastern state of Odisha on Monday.

Mall fights send post-holiday shoppers scrambling for exits

Memphis police officers block off the entrances to the Oak Court Mall on Monday, Dec. 26, 2016, after a disturbance at the mall in Memphis, Tenn. Authorities and witnesses say there have been disturbances at two malls in Memphis and one of them had … No one was seriously injured in the mall melees Monday night, which during the panic, also prompted numerous false reports of gunfire.

Election system susceptible to rigging despite red flags

In this Oct. 14, 2016 photo, a technician works to prepare voting machines to be used in the upcoming election in Philadelphia. These paperless digital voting machines, used by roughly one in five U.S. voters last month, present one of the most … glaring dangers to the security of the rickety, underfunded U.S. election system.

Shale Specter Haunts OPEC as Oil Seen Rallying Into 2017

After pulling off the biggest oil-market deal in a decade, OPEC faces a new balancing act in 2017: boosting prices without igniting shale. The first shale boom spurred a global supply glut that started prices sliding in mid-2014, and was amplified that November by a pump-at-will OPEC strategy aimed at market dominance.

Trump Takes Credit for Holiday Spending, Swipes at Obama, U.N. in Post-Christmas Tweets

While much of the U.S. and the markets enjoyed a post-holiday break on Monday, President-elect Donald J. Trump used his favorite means of communication, Twitter, to take credit for the stock market bounce and holiday sales and to wag his finger at the United Nations and President Barack Obama. In a tweet, Trump claimed “there was no hope” before he won the election in November, and that now the market has jumped 10% and Christmas spending is over $1 trillion.

Network Operators vs. Equipment Makers

The US Federal Communications Commission has confirmed its 1959 decision to license any private group to operate microwave systems in the frequency band above 890 Mc/s. The decision was originally put into abeyance by the It is reported that American telephone system companies now forecast a loss of revenue from their larger customers.

Britney Spears Isn’t Dead: Sony Says Twitter Account Compromised

Sony Music Entertainment apologized to Britney Spears and her fans after its Twitter account was hacked and falsely reported the pop star’s death, just over two years after a major cyber-attack crippled its parent company’s film division. The tweets, which appear to have since been deleted, included “RIP @britneyspears #RIPBritney 1981-2016,” according to USA Today.

Russia Urges Libya Leadership Role for UN-Defying Military Chief

Russia threw its weight behind a powerful Libyan army commander, Khalifa Haftar, who’s in conflict with the UN-backed government there, saying he must have a role in the leadership of the crisis-wracked state. Russian Deputy Foreign Minister Gennady Gatilov criticized the United Nations’ envoy to Libya for favoring other political forces in the North African country.

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Newly detected Aliso Canyon natural gas leak is a off-gassing,a says SoCalGas

The original gas leak detected on Oct. 23, 2015 at Aliso Canyon emitted 109,000 metric tons of methane and displaced at least 7,000 Porter Ranch area residents. PORTER RANCH – There are possible new concerns for Porter Ranch residents near the Aliso Canyon underground gas field today as a small amount of methane was detected seeping out of soil near a gas well plugged earlier this year following a four-month leak.

Bundesbank’s Weidmann Warns of Hasty Rescue for Monte Paschi

Bundesbank President Jens Weidmann said the bar should be high for government funds being used in a rescue of Italian lender Banca Monte dei Paschi di Siena SpA. Government funds are intended as a “last resort,” Weidmann said in an interview with German newspaper Bild, with the banker adding that planned measures by the Italian government should only be directed to banks that are healthy at “their core.”

Kubota Pharmaceutical and SBI Holdings Plan Joint Venture

The companies sign a letter of intent to form a joint venture, with one its aims being to create and fund an entity to develop ophthalmology mobile healthcare apps. Kubota Pharmaceutical Holdings and financial services and asset management company SBI Holdings announced Monday plans to create a joint venture to organize and manage entities to target specific ophthalmic drugs and devices.

Mastercard’s Recipe for Extra Juice

For every transaction Mastercard facilitates, the company earns a transaction processing fee and, depending on whether the purchase was made in the home country of the issuing bank, either a domestic assessment or cross border volume fee. Collectively, these revenue channels accounted for 85% of Mastercard’s 2016 third-quarter revenue .

8 Ways Your Car Can Drive You to Big Tax Credits and Deductions

With just days remaining before we turn the page on 2016, it’s once again time for Americans to seriously start thinking about the upcoming tax season. Even though a majority of Americans will wind up netting a federal tax refund from Uncle Sam come April, some taxpayers may be shortchanging themselves by overlooking some very common and juicy deductions and credits.