In the past, the company had set a long-term revenue compounded annual growth rate in this business of 15%, although the company has clearly been unable to hit that target over the past couple of years, recording around 11% growth in 2015 and 8% growth in 2016. Heading into 2017, Intel is now expecting revenue growth in the “high single digits” for DCG — well below its previous 15% target, and even lower than the more relaxed “double-digit growth” goal that management has referred to in the past and now appears to aspire to for the future.
Day: January 30, 2017
Alphabet, Inc. Is Making an Important Change to Non-GAAP Reporting
But there’s one other item in the company’s most recent quarterly report investors may want to take the time to consider: A key change in the way Alphabet will be calculating its non-GAAP results. In a surprising move, Alphabet explained in its fourth-quarter earnings call that it will no longer exclude stock-based compensation from its non-GAAP results.
Riverside Drive bridge, roundabout open to mixed reactions
A new bridge over the Los Angeles River at Riverside Drive was touted by city leaders Monday for its “modern” pedestrian and bike-friendly features, but noticeably missing from all the fanfare was the support of those who normally advocate for such amenities. Despite the bridge’s protected bike and pedestrian lanes, and its role in filling in a gap in the Los Angeles River bikeway between the San Fernando Valley and downtown Los Angeles, many of the advocates who usually show up to support such improvements were absent from a ribbon-cutting ceremony headlined by Mayor Eric Garcetti and Councilman Gil Cedillo.
Elon Muska s tunnel goals may be too lofty a ” even for the eccentric billionaire
Elon Musk’s SpaceX and Tesla may have revolutionized space travel and electric vehicle design and manufacturing, but experts say his latest lofty goal of increasing tunnel-building efficiency by at least 500 percent is absolutely ridiculous. The Hawthorne-based billionaire began digging a hole – technically, a vertical shaft – next to Space Exploration Technologies Corp. at Crenshaw Boulevard and 120th Street on Friday.
Locals Wary of Modi Budget as Foreigners Sell $6 Billion of Debt
The risk of record borrowings is turning Indian bond investors skeptical going into the government’s budget Wednesday, just as foreign funds exit the market at the fastest pace since 2013. Primary dealers have rescued two of the last four sovereign-debt auctions, as Prime Minister Narendra Modi’s administration is expected to announce an unprecedented 6.25 trillion rupees in gross market borrowings to fund the fiscal deficit, a survey conducted by Bloomberg shows.
Trump Fires Acting Attorney General Sally Yates
President Donald Trump Monday fired acting Attorney General Sally Yates, who defied Trump by refusing to defend his immigration executive order. President Donald Trump on Monday night fired acting attorney general Sally Yates, who had hours before ordered the Justice Department not to enforce Trump’s executive order imposing bans on immigration from certain largely Muslim countries.
Related Article: There May Be a Buying Opportunity When Pfizer Shares Hit This Important Level
Shares of Pfizer have been on the decline, losing some 5% from its January 5 high of $33.61 a share. Shares of Pfizer have been on the decline, losing some 5% from its Jan. 5 high of $33.61 a share.
1 Key Reason NVIDIA Corporation Stock Could Fall
Large-cap stocks simply don’t increase 280% in a single year without a clear and meaningful catalyst. That’s exactly the case with graphics semiconductor giant NVIDIA As you’ll see, NVIDIA’s central role in several of the fastest-growing markets in technology should fuel its continued revenue and profit growth for years to come.
Fmr. President George H.W. Bush Gets Special Super Bowl Invite
Former U.S. President George H.W. Bush has been asked by the National Football League to be this year’s honorary coin flipper during Super Bowl LI between the New England Patriots and the Atlanta Falcons in Houston, Texas, FOX Business has learned. The NFL asked the 41st President to flip the Super Bowl coin during the pregame ceremony on Sunday but he has not officially accepted nor declined the offer due to his recent health struggles, sources tell FOX Business.
Are Americas Airlines Under Cyber Attack?
For the second time in a week, a major U.S. airline grounded its fleet after its computer systems stopped working.The latest incident involved Delta Air Lines , which canceled 170 flights on Sunday and another 110 on Monday because its “essential IT systems went down” over the weekend. The issue at Delta Air Lines alone doesn’t seem suspicious — computers fail all the time.
Fed Gives Break to Regional Banks in Annual Stress-Test Demands
Large regional banks and some foreign lenders will get a big break in the Federal Reserve’s annual stress tests as the regulator said Monday it would no longer evaluate their plans for managing capital and risk. Letting banks with less than $250 billion in assets out of the so-called qualitative side of the stress tests is a particularly welcome move for the industry, because that part of the test has often proved to be a stumbling block for the companies.
Top Justice Official Won’t Defend Trump Immigration Order
Acting U.S. Attorney General Sally Yates said Monday that she wouldn’t allow the Justice Department to defend President Donald Trump’s order banning immigrants from seven predominantly Muslim countries, questioning its legality. The highly unusual declaration by Yates, an Obama administration holdover, was the latest twist in a controversy that has sparked protests at airports across the country and seen many congressional Republicans break from the White House.
Under Armour Blows Kiss to Trump by Launching First Clothing Collection Made in America
Just days after Under Armour CEO Kevin Plank met with President Trump to speak about manufacturing jobs in the U.S., the energetic athletic wear founder has something to show off to the new administration. Under Armour is releasing its first collection of apparel made in the U.S., it said today.
2017 Tax Checklist: What to Gather Before Filing
Whether you hire a professional or do it yourself, you need certain information and documentation to file your tax return. Here’s a list of items taxpayers commonly need to complete the job.
High end survival
Larry Hall leads the way out of the elevator and into an apartment, one of several in a new development that he has recently built. The space is elegantly furnished.
The nuclear bunkers designed for luxury living
Survival Condo founder Larry Hall has designed bunkers for his wealthy clients to use to protect themselves in the event of a natural disaster or nuclear wars. Rather than being utilitarian, the spaces which are buried deep underground in an abandoned missile launch base in Kansas in the US, include a swimming pool and a cinema.
Why the First Currency-Hedged Gold ETF Now
State Street Global Advisors and the World Gold Council have partnered up yet again to craft a gold-related exchange traded fund, except the new launch will help gold investors in an environment where the U.S. dollar is expected to appreciate. On Thursday, SSGA rolled out the SPDR Long Dollar Gold Trust .
Twitter Is Focusing On Its Core In Order to Turn a Profit
The move was part of an effort to become profitable in 2017. Twitter lost $103 million in the third quarter and $290 million through the first nine months of the year.
Plug Power’s 43% Plunge May Just Be the Beginning
Remaining ever-optimistic, though, management is far from short on expectations for the coming year. But whether Wall Street appreciates the successes and sends the stock back north is a different story.
Claims coal-fired plant polluted river: Utility on trial
Environmental groups said in court Monday that the Tennessee Valley Authority is essentially storing toxic ash from an aging Tennessee coal-fired power plant in a colander, letting pollutants seep into a major river in violation of the Clean Water Act. In the bench trial that began Monday in federal court in Nashville, TVA responded that the Tennessee Clean Water Network and Tennessee Scenic Rivers Association can’t prove the federal utility is polluting the water supply in violation of the law or its permits at the Gallatin Fossil Plant, 40 miles outside Nashville.
AMD’s Last Report Before Ryzen: What to Expect
Ryzen, its upcoming high-end CPU, will launch sometime during the first quarter, and Vega, its new high-end GPU, is set for some time during the first half. AMD is expected to grow revenue during the fourth quarter compared to the prior-year period, but a steep decline compared to the third quarter is also expected.
Bookmakers’ fury at ‘flawed’ gambling report by MPs
The Association of British Bookmakers said it was “deeply flawed” and called for an inquiry by the Parliamentary Commissioner for Standards. The MPs are recommending that the maximum stake for gambling on the electronic terminals in a bookmakers shop is cut to just A 2. The renewed call for a lower limit comes from the all-party parliamentary group on FOBTs, once dubbed the crack cocaine of gambling, which published its initial report last December .
Apprenticeship targets ‘poor value for money’, says IFS
The government’s target to rapidly increase the number of apprentices risks being “poor value for money”, says the Institute for Fiscal Studies. The think tank warns that it could devalue the “brand” of apprenticeships by turning it into “just another term for training”.
Ex-MSD Capital Analyst Convicted of Insider-Trading Charges
A New York federal jury took less than three hours to convict a former MSD Capital LP analyst who made $1.5 million by trading on confidential information about Apollo Global Management LLC’s takeover last year of ADT Security Services. John Afriyie, 29, was found guilty of securities fraud and wire fraud and faces having to give up $2.6 million from his brokerage and bank accounts.
Deutsche Bank Ends N.Y. Mirror-Trade Probe for $425 Million
Deutsche Bank AG has taken the first step to resolve allegations that it helped wealthy Russians launder billions of dollars, reaching a deal with New York’s Department of Financial Services that requires it to pay a $425 million penalty, the regulator said. The New York settlement, approved by the bank on Monday, resolves allegations that Deutsche Bank employees used a “mirror-trading scheme” to help wealthy Russians move $10 billion out of that country from 2011 through 2014.
Trump Pledges – Big Number’ on Dodd-Frank in Anti-Rule Push
President Donald Trump stepped up his criticism of financial regulations, pledging to go after the 2010 Dodd-Frank banking overhaul because he said the law has made it difficult for businesses to get loans. “We’re going to be doing a big number on Dodd-Frank,” Trump said Monday at an event with small business leaders at the White House.
Cramer: Watch These Sector Trends Amid the Political Turmoil
Here we are, in the middle of earnings season, and we can now make some judgments about what’s working and what’s not away from the hubbub of Washington. Oh, and let’s make something clear, the shouting from the Capitol isn’t the sole driver of stocks at this point.
Rates on US Treasury bills rise at weekly auction
Interest rates on short-term Treasury bills rose in Monday’s auction, with rates on six-month bills climbing to their highest level in four weeks. The Treasury Department auctioned $34 billion in three-month bills at a discount rate of 0.515 percent, up from 0.505 percent last week.
U.S. Airlines Tumble Amid Fear Trump Travel Ban Will Spread
U.S. airlines tumbled the most in three months as concerns mounted that President Donald Trump’s ban on travel from seven predominantly Muslim nations will lead to more restrictions on flights. Investors are fearful that the U.S. curbs will expand or be answered with retaliation by other nations, said Joe DeNardi, an analyst at Stifel Financial Corp. Trump already has signed an order to pull the U.S. out of the Trans-Pacific Partnership trade accord and said he wants to restructure a 23-year-old pact between the U.S., Mexico and Canada.
Canada CEOs Urge Trudeau to Take Rejected U.S. Tech Workers
Canada’s technology community is urging Prime Minister Justin Trudeau to snap up industry workers caught in U.S. President Donald Trump’s border crackdown, saying embracing diversity drives innovation and the economy. Amid chaos in U.S. airports after Trump signed an executive order barring citizens from seven mainly Muslim nations, dozens of Canada’s tech chief executive officers signed a letter asking Canada to offer immediate entry visas to those hit by the order.
Oil Falls a Second Day as U.S. Drilling Expands While OPEC Cuts
Oil fell a second day after drilling in the U.S. rose to the highest in more than a year, countering OPEC’s efforts to clear a supply glut. Futures decreased 1 percent in New York.
Wall Street Retreats as Immigration Ban Upends Trump Rally
The Trump rally takes a blow on Monday as chaos and confusion surrounding the White House immigration ban sends global equities spiraling. The Trump rally took a blow on Monday as chaos and confusion surrounding the White House immigration ban sent global equities spiraling.
Apple’s iPhone Sales Will Dominate Earnings But You Should Pay Attention to Other Key Areas
The December quarter is always a big one for the iPhone. But this time, it’s also very important for the Mac, the Apple Watch and other businesses.
Social Media Goes Nuts As They Stumble Over Dunkin’ Donuts First Ever Bottled Coffees
At long last you can now find Dunkin’ Donuts in a bottle while walking down a supermarket aisle. And that has some on social media pretty jazzed up.
Voce’s Plants Eyes Stockholder Value, Director Battle At Air Methods
Activist investor Dan Plants of Voce Capital Management LLC on Monday issued a letter to the board of Air Methods Corp. taking issue with the company’s share price and suggesting that he is “prepared” to nominate dissident director candidates soon at the emergency medical air transportation company, in what is the activist’s latest escalation in a multi-year insurgency. Specifically, Plants argued in a letter to Air Methods board that the company continues to destroy stockholder value, is deeply undervalued, has an over-tenured board and has some “serious operational issues.”
Voce’s Plants Eyes Stockholder Value, Director Battle At Air Methods
Activist investor Dan Plants of Voce Capital Management LLC on Monday issued a letter to the board of Air Methods Corp. taking issue with the company’s share price and suggesting that he is “prepared” to nominate dissident director candidates soon at the emergency medical air transportation company, in what is the activist’s latest escalation in a multi-year insurgency. Specifically, Plants argued in a letter to Air Methods board that the company continues to destroy stockholder value, is deeply undervalued, has an over-tenured board and has some “serious operational issues.”
Related Article: Jim Cramer: Angst Out of Washington Produces Selling
Jim Cramer says Monday’s triple-digit decline in the market is due to investors taking a step back and reassessing. TheStreet’s Jim Cramer says Monday’s triple-digit decline in the market is due to investors taking a step back and reassessing President Trump’s latest comments.
Paychex Payroll Services Are a Likely Constant Even in Chaotic Times
This steady performer has a strong business in the small- to medium-sized company segment, which accounts for over half the jobs in the U.S. One of the most common words being used to describe the new administration in Washington is “chaos.” When there’s chaos in public policy, including border walls and immigration bans, chaos in the financial markets will often follow.
Paychex Payroll Services Are a Likely Constant Even in Chaotic Times
This steady performer has a strong business in the small- to medium-sized company segment, which accounts for over half the jobs in the U.S. One of the most common words being used to describe the new administration in Washington is “chaos.” When there’s chaos in public policy, including border walls and immigration bans, chaos in the financial markets will often follow.
This Down Day Is on Trump
It was inevitable that Donald Trump would eventually provide a convenient excuse for a market selloff. The firestorm over travel restrictions from seven countries would have political ramifications no matter what, but it impacted the market mainly because of the poor manner in which it was handled.