Amid mounting opposition from Democrats and labor groups, the confirmation hearing for labor secretary nominee and fast-food chief executive Andrew Puzder has been delayed a fourth time. A new hearing date will not be set until the Senate receives key paperwork laying out Puzder’s financial disclosures and detailing his plan for avoiding future conflicts of interest, according to an aide for Sen. Lamar Alexander , the chairman of the Senate Committee on Health, Education, Labor and Pensions.
Month: January 2017
What we get from Mexico every year
Last week, tension between the U.S. and Mexico rose after a meeting was canceled between the nations’ leaders and President Trump raised the possibility of imposing a 20 percent tariff on all items imported from Mexico. There is about $1.4 billion in trade between the two nations every day.
Reports: Goldman Sachs leaving proposed Raiders stadium deal
Raiders owner Mark Davis walks on the field before their game against the Broncos at the Coliseum in Oakland on Nov. 6, 2016. Goldman Sachs will not remain involved in the proposed Las Vegas stadium that would house the Raiders, according to multiple media reports.
Discovery, Sky Renew Carriage Agreement
Affected by a U.S.-style showdown that culminated in a last-minute deal were a dozen networks, including Discovery Channel, TLC, Eurosport, ID and Animal Planet, in the U.K. and four in Germany. Discovery Communications and pay TV giant Sky on Tuesday evening reached a new carriage agreement after a U.S.-style carriage dispute, rarely seen in Europe, that had threatened to see Discovery take its channels off the Sky platform in Britain and Germany.
Why Single Women Are Buying Homes at Twice the Rate of Single Men
By 2007, Michelle Jackson, a 30-something writer in Denver, held a master’s degree, had traveled the world, and was enjoying her social life as a single woman. She also felt the pull to purchase her own home, a rite of passage she thought was reserved for the coupled.
BofA’s Merrill to Tell Clients How They’re Paying Their Brokers
Bank of America Corp., which has said it will stop offering commission-based retirement accounts as it prepares for new regulations, also plans to more clearly disclose fees that clients pay to the firm’s 14,000 financial advisers. The Merrill Lynch business will break out fees for asset management services and products including mutual funds, alternative investments and commodities when it mails January account statements later this week.
Kesha Claims Dr. Luke Won’t Support Her New Album and Wants to Leave Her Penniless
Both sides file amended court papers with Dr. Luke now claiming Kesha’s effort to ‘blacklist'” him included false rape charges to Lady Gaga. Earlier this month, a New York judge was so optimistic about brokering a settlement between Kesha Rose Sebert and songwriter-producer Dr. Luke , the parties were ordered sua sponte into a conference in private chambers.
Deutsche Bank’s Bill for Russia Trades Reaches $629 Million
Deutsche Bank AG was fined $629 million by U.K. and U.S. authorities for compliance failures that saw the bank help wealthy Russians move about $10 billion out of the country using transactions that were likely thinly veiled attempts to cover up financial crime. The U.K. Financial Conduct Authority issued a 163 million-pound fine Tuesday, hours after New York’s Department of Financial Services fined the bank $425 million, for failures over the so-called “mirror-trades.”
Exxon’s Profit Miss Shows No One Immune From Market Ravages
Exxon Mobil Corp.’s biggest profit miss in at least a decade is the starkest sign yet that major oil explorers remain mired in the deepest market slump in a generation. After resisting the industry trend of discounting the value of oil and natural gas fields that turned into money-losers amid the 2 1/2-year market slump, Exxon capitulated on Tuesday and took a $2 billion hit on the value of some Rocky Mountain gas.
Pfizer Profit, Forecast Fall Short as Generics to Hurt Sales
Pfizer Inc. posted fourth-quarter earnings and a forecast for 2017 that were both short of analysts’ estimates, as the drugmaker said it will lose billions of dollars in revenue as products lose exclusive sales rights. Revenue in 2017 will be $52 billion to $54 billion, Pfizer said in a statement Tuesday, compared with the $54.3 billion average of analysts’ estimates compiled by Bloomberg.
Oil Gains as Dollar Drop Spurs Investor Demand for Commodities
Futures rose as much as 1.3 percent in New York. The dollar slipped after a trade adviser to U.S. President Donald Trump said Germany is benefiting from a “grossly undervalued” currency.
UPS Tumbles as Currency Drag Delivers Blow to Profit Forecast
United Parcel Service Inc. plunged as its profit forecast for this year missed analysts’ estimates on “headwinds” from currency effects. Adjusted earnings will absorb a $400 million pretax hit from foreign exchange effects, the world’s largest package-delivery company said in a statement Tuesday.
Sprint Proves Critical Customer Growth Ahead of Possible Deal
Sprint Corp. garnered more wireless customers and revenue than expected last quarter, showing progress in its turnaround ahead of an expected consolidation of the industry under President Donald Trump. Sprint completed its second straight year of subscriber growth after signing up 405,000 new users in the all-important holiday shopping season, more than the 389,778 analysts were expecting.
Jim Cramer — Shareholders Could Target Arconic CEO Kleinfeld
CEO Klaus Kleinfeld could be a target for shareholders who aren’t happy with the stock’s performance, Cramer said. On Monday, news surfaced that Arconic is being targeted by shareholders, possibly working toward the ouster of CEO Klaus Kleinfeld and gaining more board seats.
Iconix Brand Group Looks to Dump Charlie Brown, Good Grief
MetLife dumped the Peanuts characters from its ad campaigns this year. Now Iconix Brand Group is considering selling its majority stake in the company behind Charlie Brown’s gang.
As Delta Gets Called Out by Politicians, Analyst Senses an Airline Industry Correction
A top airline industry analyst senses a share price correction after various carriers suffer problems, including a decline for Delta after it gets drawn into politics. Monday was a bad day for the big three airlines, bad enough that by midday JPMorgan analyst Jamie Baker had raised the question: “Could this be the start of a correction?” During the day Delta , which suffered an IT systems outage Sunday night, got drawn into politics.
S&P 500 Falls for a Fourth Day as ‘Rose-Tinted Glasses’ of Trump Presidency Come Off
Uncertainty surrounding an immigration ban on a number of Muslim-majority countries continues to fuel volatility on markets on Tuesday. Uncertainty surrounding an immigration ban on a number of Muslim-majority countries continued to fuel volatility on markets on Tuesday.
Apple Will ‘Definitely’ Break This One Losing Streak When It Reports Earnings
It has been three consecutive quarters of missing the mark in one metric, but Apple is poised to break that, Maxim Group’s Choksi argues. Apple is set to report its fourth quarter earnings results Tuesday afternoon.
ExxonMobil’s $2 Billion Impairment Charge Weighs on Fourth-Quarter Results
Earnings, assuming dilution, were 41 cents a share, falling short of analysts’ expectations of 70 cents per share. Revenue of $61.02 billion for the period was also below forecasts calling for $61.5 billion.
Under Armour’s Quarterly Results, ‘a Bit of a Shock,’ Analyst Says
Under Armour sinks to under $20 a share Tuesday morning after issuing weaker-than-expected fourth-quarter results and weak guidance. Shares of the athletic apparel giant Under Armour were tanking 23.32% in pre-market trading on Tuesday, after the company reported weak fourth-quarter earnings and revenue.
What to Look for When Estee Lauder Reports Second-Quarter Earnings
Estee Lauder is expected to report lower second-quarter earnings, but higher revenue year-over-year before Thursday’s opening bell. Analysts surveyed by FactSet are projecting adjusted earnings of $1.17 per share on revenue of $3.24 billion.
Here’s Why It’s Time to Take Profits in Alphabet Now
On Monday shares of Alphabet closed down 2.5%, in contrast to the other momentum stocks TheStreet’s Jim Cramer refers to as FANG: Facebook , Amazon and Netflix . Each of these closed down by less than 1% Monday.
5 First Things You Should Do After Becoming the Victim of a Hack
Instead of relying on a company to protect your identity, consumers need to follow these five tips once their personal data has been compromised. Hackers are always on the prowl for more victims, as the incidences of identity theft continue to rise while massive data breaches among companies and government agencies become the norm.
McDonald’s, Pepsi, Ford and Others May See Shares Rise, as Study Shows Super Bowl Ads Help
But a study shows that spending the money benefits shareholders. Tom Brady’s quest to win his fifth Vince Lombardi trophy may be attracting lots of attention as we approach Super Bowl 51, but investors may be more interested in the ads than whether Brady gets a ring for his pinky finger.
Impetuous Trump on Course to Make Volatility and Uncertainty Great Again
“Although uncertainty has been ignored by most market participants, the Trump ascendancy comes with a lot of unknowns. A nationalistic and protectionism-based pro-business policy aimed at accelerating the rate of domestic economic growth through less regulation, cash repatriation of overseas profits and lower statutory corporate tax rates also is associated with the likelihood of higher interest rates in a debt-heavy world and the rising possibility of trade and foreign policy wars.
America’s CEOs Are Worried, and They Have Good Reason
One always has to be skeptical of CEOs, after all they are pulling down the big bucks to be their own cheerleaders. A company could badly miss earnings, the stock goes down the toilet, but there is the CEO on a conference call saying how amazing the next quarter will be.
European Stocks Set For 3rd Month of Gains
European shares climbed on Tuesday and headed for their third straight month of gains, with a rally in firms such as British online supermarket Ocado and Swedish engineer Alfa Laval after their encouraging earnings updates supporting the market. The pan-European STOXX 600 index was trading 0.3 percent higher by 0946 GMT, after falling more than 1 percent in the previous session.
18th-century bed-and-breakfast in Hume, Va., lists for $1,495,000
Inn at Vineyards Crossing, a bed-and-breakfast built in 1787 at 5024 Leeds Manor Rd. in Hume, Va., is priced at $1,495,000. All spring, summer and fall, the back roads of Northern Virginia are filled with people seeking vineyards where they can sip local wine and admire the country views or delve into local history.
Eurozone inflation jumps in January
Data from Eurostat also showed that the eurozone’s unemployment rate fell to 9.6% in December, the lowest rate since May 2009. Eurozone GDP growth edged up to 0.5% in the fourth quarter of 2016, up from 0.4% in the previous quarter.
Meet the Surprising Group Behind That Viral Ad Defending President Trump
The narrator continues: “They think they are going to destroy Trump’s presidency, but they are wrong! a Make your voice heard and help drain the swamp!” On Saturday, she tweeted a video of herself watching the ad on CNN and included this all-caps commentary: “WHAT IN THE HELL DID I JUST WATCH???????????????????????????WHEN HAS A PRESIDENT EVER DONE THIS???! IM SCREAMING!!!!!!!!!!!!” Legions of people – including celebrities – began retweeting @Jess4_RK and commenting on her post, which garnered more than 30,000 retweets before she “This is just pathetic. Sounds like a commercial for aluminum siding you see on AMC in the middle of a Gunsmoke marathon,” They are mistaken.
This LinkedIn Recruiter’s Tips For Showcasing Soft Skills On Job Interviews
If you’ve heard a lot about “soft skills” lately, it’s at least partly because employers want you to develop them. According to our Global Recruiting Trends study here at LinkedIn, more employers are rolling out “soft skills assessments” to test job candidates on the cognitive and personality qualities you don’t go to school to learn: critical thinking, adaptability, learning agility, communication, etc.
7 Simple Tips For Beating Job-Search Burnout
Job searching may be at the bottom of your “fun-things-to-do” list-but that might just be because you’ve hit the “job search wall.” It happens to the best of us, and it’s pretty common.
India admits rupee withdrawal bad for economy
India’s controversial withdrawal of high value banknotes late last year has had an “adverse impact” on the economy, the government has admitted. The dramatic move to scrap 500 and 1,000 rupee notes was intended to crack down on corruption and so-called black money or illegal cash holdings.
How Wealthy Private Investors Might Save Climate Research
President Trump has made sweeping changes in his first week in office. Scientific research-specifically environmental programs-have seen a huge hit.
How To Handle Four Awkward Situations Where You’re Being Underpaid
How to get what you’re worth when you know your coworkers are making more, or because you didn’t negotiate a good initial salary. Are you really underpaid, or does it just feel that way? American workers are earning less on average than they were 40 years ago, after inflation.
Five Creative Ways These Freelancers Landed Gig Work
According to a recent study by Upwork and the Freelancers Union , the most common places for freelancers to pick up work are friends and family , professional contacts , and online job platforms like Upwork, Freelancer.com, Guru, and even Craigslist. “I landed a gig by creating and placing a makeshift placard saying ‘freelance writer’ in front of my computer while working at Starbucks.”
Oil Set for Monthly Loss as OPEC Cuts Seen Spurring U.S. Supply
Oil is set for its first monthly decline since October as signs that U.S. supply is expanding offset OPEC’s production curbs. Futures lost 0.5 percent in New York and are down 2.3 percent in January.
Teva Plunges After U.S. Judge Invalidates Four Copaxone Patents
Teva Pharmaceutical Industries Ltd. plunged to the lowest in more than a decade following a U.S. court ruling that invalidated four patents on its best-selling multiple sclerosis drug Copaxone. The ruling, issued late on Monday, may open the door to generic competition for a drug that generates a fifth of Teva’s $20 billion in annual sales.
Nintendo Results Underscore Need for Switch Console to Succeed
Nintendo Co. reported quarterly profit above projections and increased its outlook for the year, but anemic sales highlighted how important it is for the company’s new Switch console to succeed.
Eurozone Inflation Accelerates to 1.8% in January, Fastest in Nearly 4 Years
Eurozone inflation accelerated to its fastest pace in nearly four years, according to preliminary data published Tuesday amid a surge in global oil and energy prices. Eurozone inflation accelerated to its fastest pace in nearly four years, according to preliminary data published Tuesday by the region’s official statistics office, amid a surge in global oil and energy prices.