The cruise line company was actually down more than 40% after a volatile year. It released a well received full year earnings report in February, but choppy first and second quarters of guidance.
Day: January 27, 2017
Gentex Reflects on a Light Quarter
Despite not being able to meet customer demand in the quarter, Gentex continues to advance its technology and further penetrate its core markets. Revenue and unit shipments were negatively affected by a raw-material shortage of a specific commodity used in the majority of Gentex’s auto-dimming mirrors, which impacted its ability to meet full customer demand during the quarter.
Trump Freezes Refugee Program, Orders New Vetting for Entry
President Donald Trump signed an executive order on Friday indefinitely banning admission of people fleeing Syria, temporarily freezing the entry of other refugees and prohibiting entry by people from seven majority-Muslim nations for 90 days. Trump said the measure would prevent terrorists from being admitted into the country.
Vice President Pence promised to stop taxpayer-funded abortion…
Addressing the 44th annual March for Life on Friday, Vice President Mike Pence declared that it was a new day for anti-abortion activists in America. “This administration will work with Congress to end taxpayer funding for abortion and abortion providers, and we will devote those resources to health care services for women across America,” Pence told the crowd of thousands gathered on the National Mall.
Why Wynn Resorts, K12, and Air Transport Services Group Jumped Today
The stock market ended the week on a mixed note on Friday, as all three major market benchmarks finished within 0.1% of where they closed Thursday. After a momentous week of earnings releases on Wall Street and geopolitical intrigue in Washington, investors seemed largely content to coast through to the weekend.
Why Sears Holdings Corp Tumbled Again Today
As of 2:54 p.m. EST, shares were down 9.7%. The retailer’s stock began dropping on Wednesday after Fitch Ratings issued a foreboding note on the struggling department-store chain.
What’s Next After This Fourth-Quarter Surprise From Comcast Corp.?
The report came in above analyst expectations, and Comcast shares ended the day 2.8% higher. It’s fair to say that Comcast fired on all cylinders this quarter.
What Is the Cassidy-Collins Obamacare Replacement Plan?
Repealing and replacing the Affordable Care Act, or Obamacare, was a cornerstone of Donald Trump’s campaign for president. Recently, Trump said he wanted to repeal and replace Obamacare simultaneously.In response, Sen. Bill Cassidy and Sen. Susan Collins announced a plan that returns power to the states by allowing them to choose among three options.
SVB Financial Group’s Earnings Ride Rates Higher
As a banker primarily to the tech and finance industries, the company saw earnings rise due to an increase in interest rates and growth in its loan portfolio. Loan growth buoyed interest income and profits.
Robert Half International Earnings, Recruitment Conditions Remain Tough
With most commentators talking of a pickup in growth in 2017 and post-election euphoria encouraging the belief that a Donald Trump presidency will spur economic growth, it would be reasonable to think that staffing company will report some improving conditions. In fact, its fourth-quarter earnings was as lackluster as its third.
Federated Investors Is Riding the Wave of Higher Rates
The company reported that net income grew 17% year over year to $55.8 million in the fourth quarter. The leap in income was primarily due to reduced fee waivers, which were reversed as rising interest rates led to higher returns for money market funds.
Can Novavax Stay Ahead of the Competition?
The clinical-stage biotech’s lead candidate was miles ahead of possible competitors from GlaxoSmithKline More recently the company has pivoted toward a Zika virus candidate that still isn’t ready for human testing. Again, Novavax isn’t the only company aiming at this target.
4 Must-See, New Quotes From Starbucks Management
During the call, management gave investors insight into the company’s congestion problem, ongoing digital flywheel efforts, and success in China. While the market has focused on Starbucks’ lower-than-expected global same-store sales growth in its first quarter, it’s worth noting that the figure — at 3% — is still solid, particularly amid a challenging environment for restaurants and retailers.
3 Reasons Welltower Inc. Stock Could Rise
Over its 46-year history, Welltower has delivered fantastic returns for its investors, and it has done a great job of managing risk throughout a variety of economic environments. With that in mind, here are three reasons Welltower’s strong performance could continue.
3 Quotes from the CEO of Shopify Inc that Every Investor Needs to Read
Sincerity is a tough thing to measure. Doubly so in the corporate world. But as an investor, when I spot a CEO who is sincerely more interested in creating lasting value than meeting the next quarter’s earnings estimates, I take notice.
3 Facts About Baby Boomers’ Finances
Every year, the folks at the Transamerica Institute poll American workers to glean insight into baby boomers’ preparedness for retirement. The most recent survey offers up some interesting facts that anyone in their 50s ought to know.
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FFO in all four of the company’s business lines grew last year, thanks to a combination of recently completed acquisitions and organic growth projects. That said, one segment clearly stood out as its best in 2016: energy.
Will the markets continue to hit new records?
Jan. 27, 2017 – 6:12 – FBN’s Dagen McDowell and Tom Sullivan on President Trump’s economic policies and the outlook for stocks.
Trump Win Pushes Recession Back Five Months, Says Deutsche Bank
According to Deutsche Bank AG Chief International Economist Torsten Slok, at least one important barometer shows the election of Donald Trump pushed the odds of a recession back an additional five months, to more than two years from now. Interest rates should continue to climb while expansion continues-though once things cool off, that’s when the market would expect the Fed to start loosening policy again.
Lyft Cuts Sales Staff, Reorganizes Team as Startup Chases Uber
Six months ago, Lyft Inc. made a big push into corporate travel, building a team of several dozen employees to pitch banks, consulting firms and other companies on its ride-hailing services. This month, more than a dozen of those employees were dismissed or reassigned, part of a change in direction for the company’s nascent sales efforts.
Google Not Planning to Be Silenced by Amazon’s Echo
Amazon’s Echo may have the early edge, but Google CEO Sundar Pichai says the race to have the dominant voice assistant is at a ‘very early’ stage. The blowout success of the Amazon Echo has raised the stakes in the voice assistant space, but Google CEO Sundar Pichai doesn’t seem to be all that worried.
Elon Musk’s Warming Relationship With Donald Trump Is a Good Sign for Tesla Investors
Tesla CEO Elon Musk’s relationship with Donald Trump has been an unpredictable one, with Musk going from a critical outsider to a close adviser within a month of the election. And Tesla’s stock seems to have reflected that transition, soaring by 30% since Election Day on November 8. “I feel a bit strong that [Donald Trump] is not the right guy.
cyberWill Trumpa s Trolls Allow His FCC Pick to End the Open…
It seems unlikely that President Trump’s internet base – the trolls and activists from 4chan, Reddit, Twitter, and elsewhere, whose “meme magic” helped the president dominate social media during the election – would be able to find much common ground with opponents of the new administration. The online “Trump Train” has a vituperative hatred for the snowflakes and SJWs of the Democratic Party, and there are no issues on which the meme magicians wouldn’t fall into lockstep behind the man they call “god-emperor.”
Two school teachers who retired before 30 with $1 million…
Each in their early 30s , the couple were able to quit their jobs as public school teachers in August 2015 and retire after just eight years in the workforce. By living frugally and finding a good side hustle – in their case, real estate – the couple was able to achieve financial independance relatively quickly.
Carlos Slim: It’s clear the government of Mexico is in a…
Mexican multi-billionaire Carlos Slim gave a rare press conference on Friday and called on all Mexicans and Mexican political parties to support President Enrique Pea Nieto in his negotiations with US President Donald Trump. Slim, who was for three years ranked the richest person in the world and who is typically press shy, said “a united Mexico” was ready to help the government negotiate, according to Reuters .
The challenges female filmmakers face post-Sundance
Director/writer/producer/actress Zoe Lister-Jones poses at the premiere of the film “Band Aid” at the Eccles Theatre during the 2017 Sundance Film Festival on Tuesday, Jan. 24, 2017, in Park City, Utah. less Director/writer/producer/actress Zoe Lister-Jones poses at the premiere of the film “Band Aid” at the Eccles Theatre during the 2017 Sundance Film Festival on Tuesday, Jan. 24, 2017, in Park City, Utah.
Teslaa s Elon Musk confesses reaction to his Trump role is getting him a downa
Tesla CEO Elon Musk listens to President Donald Trump speak during a meeting with business leaders in the Roosevelt Room at the White House in Washington, DC, on January 23, 2017. / AFP / NICHOLAS KAMM and SpaceX need government incentives and contracts; Trump can hold up Musk’s businesses as examples of U.S. job creation.
Planet Hollywood Observatory opens at Disney Springs
The restaurant, still slated to reopen this fall following renovations, released photos and more information on its new menu. The celebrity-themed restaurant has been closed for several months for an estimated $25 million renovation, but plans to reopen with a new name, upgraded audiovisuals and menu.
Will 2017 Be Realty Income Corporation’s Worst Year Yet?
For the last five months of the year, the stock plunged by 20%. To put this into perspective, if this rate of decline were to continue throughout 2017, the stock would lose nearly half of its value in 2017, making it the worst year in the company’s NYSE-listed history.
Weather service: Pipeline protest camp could see flooding
Minor flooding is almost certain this spring in the area where Dakota Access pipeline opponents have camped for months to protest the project, the National Weather Service said Friday. The report, the first flood outlook for the season, shows little chance of significant flooding but indicates floodwaters could reach at least parts of the camp.
Wall Street Week Ahead: Investors Upbeat on Data, Fed; Wary of Trump
In an ordinary world, a U.S. Federal Reserve meeting, jobs data and a hefty number of earnings reports next week should provide investors with welcome distraction from speculation about the U.S. President’s policy plans. But the current world is less than ordinary and in the second week after his inauguration as U.S. president, the likelihood is that Donald Trump’s voice will still ring louder in investors’ ears than economic data and the words of Fed chair Janet Yellen.
Wall Street Week Ahead: Investors Upbeat on Data, Fed; Wary of Trump
In an ordinary world, a U.S. Federal Reserve meeting, jobs data and a hefty number of earnings reports next week should provide investors with welcome distraction from speculation about the U.S. President’s policy plans. But the current world is less than ordinary and in the second week after his inauguration as U.S. president, the likelihood is that Donald Trump’s voice will still ring louder in investors’ ears than economic data and the words of Fed chair Janet Yellen.
Union membership down nearly 40 percent in Wisconsin
Union membership in Wisconsin has declined nearly 40 percent since legislation was passed that gutted collective bargaining for public workers, according to federal data. The percentage of public and private workers who were union members was about 8 percent, or 219,000 people, in 2016, down by 136,000 members from 2010 levels, according to the U.S. Department of Labor.
Union membership down nearly 40 percent in Wisconsin
Union membership in Wisconsin has declined nearly 40 percent since legislation was passed that gutted collective bargaining for public workers, according to federal data. The percentage of public and private workers who were union members was about 8 percent, or 219,000 people, in 2016, down by 136,000 members from 2010 levels, according to the U.S. Department of Labor.
Tests: Maintenance workers killed by train were on drugs
Both maintenance workers killed by an Amtrak train near Philadelphia last year were on drugs when the crash happened, test results show, but that doesn’t appear to have factored into safety lapses and miscommunications being blamed for their deaths. Toxicology reports released Thursday by federal safety investigators show backhoe operator Joseph Carter Jr. tested positive for cocaine and supervisor Peter Adamovich had morphine, codeine and oxycodone in his system.
Tests: Maintenance workers killed by train were on drugs
Both maintenance workers killed by an Amtrak train near Philadelphia last year were on drugs when the crash happened, test results show, but that doesn’t appear to have factored into safety lapses and miscommunications being blamed for their deaths. Toxicology reports released Thursday by federal safety investigators show backhoe operator Joseph Carter Jr. tested positive for cocaine and supervisor Peter Adamovich had morphine, codeine and oxycodone in his system.
Shares of Enbridge Energy Partners Plunge After Acquisition Announcement
For some time now, Enbridge Energy Partners’ management has been talking about a strategic review of Midcoast. As oil and gas activity in the U.S. started to decline, Midcoast’s business was hit particularly hard.
Shares of Enbridge Energy Partners Plunge After Acquisition Announcement
For some time now, Enbridge Energy Partners’ management has been talking about a strategic review of Midcoast. As oil and gas activity in the U.S. started to decline, Midcoast’s business was hit particularly hard.
New face of Gerber is 7-month-old baby from Ohio
Though he probably won’t be saying much anytime soon, the spokesbaby named Riley has an “infectious laugh and big, gummy smile,” according to his mom, Kristen Shines. Gerber announced Thursday that Riley, who lives with his family in Lewis Center, beat out more than 110,000 other entries.
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The company has had its fair share of missteps for the Surface, but it’s safe to say at this point that Microsoft has exceeded most early expectations for its first-party devices. Microsoft has adapted quickly to flops like Surface RT, which resulted in a $900 million writedown back in 2013, and pushed forward with expanding the portfolio, most recently with Surface Studio.