There are worries about the iPhone 8 but Apple’s weekly charts show the stock above a golden cross. Apple reports earnings Tuesday.
Month: January 2017
Here’s Why You Must Sell These 5 Toxic Dogs Now
We’re finally at Dow 20,000. All of the big market indices are hitting new all-time highs this week – in short, you could have the worst market timing in the world and still be sitting on gains in 2017.
Wake Me When the Chop Has Stopped
I feel as though I could have used one of those My Pillows during the trading day on Thursday. It would have helped me sleep at my desk.
‘The explosion in data is so great that it’s almost like, if you have storage space, we’ll take it!’
If you didn’t know any better, we were back in 1999 when Intel and Microsoft and Western Digital and Seagate were hot as freshly shot cannonballs, because we figured out how to get some “high speed” lines to connect personal computers to the world wide web. Of course, those companies are, with the exception of Intel, really very different beasts now.
UBS reports 22-percent drop in 4Q net amid tax effects
Swiss bank UBS reported a 22-percent drop in net income in the fourth quarter last year, due in part to tax effects, but said Friday that rising investor confidence in the United States could boost its wealth management business. Citing “very challenging” market conditions in 2016, the bank reported net income of 738 million Swiss francs in the fourth quarter, compared with 949 million a year earlier.
Executives court Chinese versions of FedEx, UPS to fly into ONT
Ontario International Airport Authority CEO Kelly Fredericks and the airport’s Chief Development Officer Mark Thorpe spoke about efforts to attract more business at ONT at an exporters roundtable meeting attended by dozens of members of the local business community and organized by Rep. Norma Torres, D-Ontario. ONTARIO >> Top executives at Ontario International Airport outlined Thursday ongoing efforts to attract major Chinese courier companies to use ONT as the major gateway and hub to the U.S. and Latin American marketplaces, similar to UPS and FedEx’s domestic e-commerce operations with Amazon.
Caroline County officials fear bill in House of Delegates will affect county’s broadband authority
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UBS Profit Beats Estimates as Market Rally Lifts Securities Unit
UBS Group AG said profit more than tripled in the fourth quarter as rising interest rates and a rally in equities boosted the bank’s securities unit and U.S. wealth management. Profit before tax rose to 848 million francs from 234 million francs a year earlier, the Zurich-based bank said Friday in a statement.
Fire Sparks Double Bonanza for Refiners as Fuel Profits Jump
A slew of blazes at plants across the globe is shrinking supplies and boosting profits from turning crude into products such as gasoline and diesel. At least 13 refineries, including in Ruwais in Abu Dhabi, Deer Park in Texas and Tuapse in Russia with a combined capacity of about 1.8 million barrels a day, were struck by fire this month, according to data compiled by Bloomberg.
UBS Beats Q4 Profit Forecast; Sees Improved Wealth Management in 2017
UBS Group UBS posted better-than-expected fourth quarter earnings Friday and said an improved outlook in the United States could support growth in the bank’s wealth management business. UBS Group AG posted better-than-expected fourth quarter earnings Friday and said an improved outlook in the United States could support growth in the bank’s wealth management business.
Money raining from the sky prompts police investigation
Pedestrians in Indianapolis were surprised Tuesday when green bills began falling from the sky and collecting on the sidewalk and street. “I looked up around the buildings to see if anybody had dropped it off as a joke,” Michael Addock, a witness, told Fox59 .
Dollar perks up from 7-week low, U.S. GDP in focus
The dollar edged up on Friday, rebounding from a seven-week low on optimism over the U.S. economic outlook and corporate earnings, although U.S. President Donald Trump’s protectionist policies raised uncertainties for global trade. The dollar index , which measures the greenback against six major peers, last stood at 100.47.
American Airlines, Qantas may revive joint venture plan under Trump
American Airlines Group Inc and Australia’s Qantas Airways Ltd may reapply to the U.S. Transportation Department for permission to coordinate prices and flight schedules now the Trump administration is in charge, Qantas Chief Executive Alan Joyce said. The pair’s application for a joint venture covering the United States, Australia and New Zealand markets was rejected in November under the Obama administration amid opposition from rival carriers Hawaiian Airlines Inc and JetBlue Airways Corp .
Trumpa s US-Mexico border wall could lead to loss of jobs in LA, expert says
At a chili sauce stall on Olvera Street, 24-year-old Carmin Sanchez of Quintana Roo, Mexico, was filling in for a friend – and hoping to brush up on her English skills. Sanchez searched for the right words to describe her feelings about the unprecedented breakdown in relations between the United States and Mexico that appeared to worsen Thursday.
Trump plan for 20 pct tax on Mexico exports raises eyebrows
Talk of a possible 20 percent tax on U.S. imports from Mexico is raising eyebrows in Asia, where exports to the U.S. drive growth in many economies. Japanese officials said Friday they hoped to soon hold talks on trade with U.S. officials.
Trump administration pulls back on HealthCare.gov ads
The Trump administration said Thursday night it is pulling back advertising to promote HealthCare.gov as open enrollment draws to a close for this year. The Health and Human Services Department said in a statement that the government has pulled back about $5 million in ads as part of an effort to cut costs.
Elon Musk Floated the Idea of a Carbon Tax to Trump, an Official Says
President Donald Trump meets with business leaders including Elon Musk, left, in the Roosevelt Room at the White House in Washington on Jan. 23, 2017. Tesla Motors Inc. founder Elon Musk is pressing the Trump administration to adopt a tax on carbon emissions, raising the issue directly with President Donald Trump and U.S. business leaders at a White House meeting Monday regarding manufacturing.
Trump Administration Pulls Some Obamacare Ads as Deadline Nears
The Trump administration has pulled some advertising designed to encourage people to sign up for health insurance under the Affordable Care Act, days before the final deadline to buy 2017 health plans under the law. The Department of Health and Human Services withdrew about $5 million of advertising, according to Matt Lloyd, a spokesman for the department.
PayPal Has Been Talking With Amazon on Payments, CEO Says
Amazon.com Inc. and PayPal Holdings Inc. have discussed letting shoppers pay for Amazon purchases using their PayPal accounts, highlighting how PayPal can attract new partners since its 2015 split from Amazon rival EBay Inc. “We have been in conversations with Amazon,” PayPal Chief Executive Officer Dan Schulman said Thursday in an interview with Bloomberg. “We’re closing in on 200 million users on our platform right now.
Toshiba to sell slice of smartphone memory chip unit
Toshiba has said it will split off its operation that makes memory chips for smartphones and computers, and will sell a stake in the new business. The Japanese company needs to raise funds after revealing a heavy one-off loss at its US nuclear power business.
Why This Analyst Raised General Motors’ Price Target
There hasn’t been a long list of analysts posting bullish notes on major automakers over the past year, due to the inevitable peaking of the U.S. new-vehicle cycle after the industry set sales records each of the past seven years. That’s why yesterday’s upgrade from Morgan Stanley analyst Adam Jonas, a highly respected analyst and longtime Tesla Motors bull, was a pleasant surprise for investors.
Report: NVIDIA Corporation’s in-House Graphics Cards to Affect Partners’ Profitability
In the past, the company would build what are commonly referred to as “reference design” graphics cards. These are add-in-boards that incorporate NVIDIA’s graphics processors that are sold to end users, who then plug them into their computers.
Futures Head Lower, Asia Mixed as Investors Mull Trump
All eyes will be on the Republicans and President Trump on Friday as a strategy session ends and the U.K. prime minister lands. Futures for U.S. markets indicated a lower open late Thursday after a turbulent political day and a number of high-profile earnings reports, including Starbucks and Alphabet , that fell short of investor expectations.
Cash Found ‘Floating’ Down From Top of Indianapolis Building
Cold hard cash came from the sky in Indianapolis Tuesday when an electrical worker found bills “floating” off the roof of a downtown building, police confirmed. The worker found the errant greenbacks atop 1 North Meridian Street, Indianapolis Metropolitan police Sgt.
Should You Sell Qualcomm After Apple’s $1 Billion Lawsuit?
Back in 2008, Sprint deployed its first WiMax network, a 4G standard which wasn’t heavily dependent on Qualcomm’s patent portfolio. Intel championed theuse of WiMax chips, but Qualcomm opposed WiMax in favor of its upcoming LTE standard — which it could generate more licensing fees from.
For Illinois Tool Works, Another Impressive Quarter
Its peer 3M Co. recently affirmed full-year 2017 guidance, and Illinois Tool Works did the same.
1 Statistic That Shows Why McDonald’s Struggles May Continue
Management blamed the strong response to the launch of all-day breakfast for the slide in domestic comparable sales. Outside the US, performance was strong as global comps were up 2.7%.
PayPal Talking With Amazon on Payments, PayPal CEO Says
Amazon.com Inc. and PayPal Holdings Inc. have discussed letting shoppers pay for Amazon purchases using their PayPal accounts, highlighting how PayPal can attract new partners since its 2015 split from Amazon rival EBay Inc. “We have been in conversations with Amazon,” PayPal Chief Executive Officer Dan Schulman said Thursday in an interview with Bloomberg. “We’re closing in on 200 million users on our platform right now.
Alphabet Earnings Marred by Taxman, While Revenue Jumps
Alphabet Inc. reported better-than-expected revenue thanks to a fast-growing cloud-computing business and booming YouTube video advertising, but the taxman spoiled the party. Fourth-quarter revenue, after payments for online traffic from distribution partners, was $21.2 billion, up 23 percent from a year earlier, the company said in a statement Thursday.
Google’s Execution Remains Great, Even if Pricing and Spending Issues Have Markets Nervous
The search giant’s ad momentum remains strong, and it looks like the Pixel had a good quarter. But elevated spending and other factors weighed on its bottom line.
American Electric Power: Cramer’s Top Takeaways
Did you miss last night’s “Mad Money” on CNBC ? If so, here are some of Jim Cramer’s top takeaways. In his final “Executive Decision” segment, Cramer also spoke with Nick Akins, chairman, president and CEO of American Electric Power , the Action Alerts PLUS holding with a 3.7% dividend yield.
LAM Research: Cramer’s Top Takeaways
Did you miss last night’s “Mad Money” on CNBC ? If so, here are some of Jim Cramer’s top takeaways. In his second “Executive Decision” segment, Cramer also checked in with Martin Anstice, president and CEO of LAM Research , the semiconductor equipment maker which just posed a five-cents-a-share earnings beat on a 15% increase in revenues — news that spawned seven analyst upgrades but also saw shares decline by 2.2%.
ServiceNow: Cramer’s Top Takeaways
Did you miss last night’s “Mad Money” on CNBC ? If so, here are some of Jim Cramer’s top takeaways. In his first “Executive Decision” segment, Cramer spoke with Frank Slootman, president and CEO of ServiceNow , the IT service management company that just delivered a penny-a-share earnings beat on a 35% rise in revenues with strong guidance to boot.
Verizon is reportedly in talks to merge with Charter, America’s second-biggest cable company
Roughly a year after swallowing up Time Warner Cable, Charter Communications could merge with yet another massive broadband and TV provider: Verizon. The telecommunications giant is exploring a combination with Charter, the nation’s second-largest cable company, the Wall Street Journal reported.
Why a Toy Maker and a Coffee Company are Pushing Virtual Assistants
By now we have all seen demonstrations of the practicality of the virtual personal assistant . The biggest tech companies have made daily requests like directions, internet searches, and local restaurants commonplace, but companies like Microsoft aren’t the only ones playing in the virtual assistant space — plenty of other smaller players are incorporating the tech into their existing offerings to keep with the times and avoid being left behind.
Why Las Vegas Sands, Whirlpool, and F5 Networks Slumped Today
The stock market lost some of its upward momentum on Thursday, as major market benchmarks finished the day narrowly mixed. The S&P 500 and Nasdaq Composite both lost less than 0.1%, but the Dow Jones Industrials managed to post a gain of 32 points, which sent the average above the far less meaningful level of 20,100.
Why Ethan Allen Interiors Inc. Stock Fell 12%
The stock closed the trading day down 12.5%. Before Ethan Allen’s earnings release this week, the company had pre-announced its second fiscal quarter of 2017, which ends on Dec. 31, before the figures were finalized.
What Happened in the Stock Market Today
Both indexes changed less than 0.25% over the trading session despite a flood of fresh corporate earnings results. Dozens of companies posted updates on their operating trends as earnings season hit high gear.
Starbucks Sinks Despite Record Holiday Results
Yet even with such an impressive growth history in the rearview mirror, Starbucks still has to demonstrate to investors that it has the capacity to sustain that growth going forward. Coming into Thursday’s fiscal first-quarter financial report, Starbucks investors expected solid gains in revenue and earnings.
Qualcomm’s Earnings Call Dominated By Apple Lawsuit
While the results as well as guidance mostly topped analyst expectations, Apple ‘s recent lawsuit against the company expectedly dominated the subsequent earnings call . For good reason, too, since Apple is widely considered Qualcomm’s largest customer, combined with the fact that the lawsuit threatens Qualcomm’s licensing model.