Frugal investors looking for low-cost, small-cap index funds have a growing number of options from which to choose, including the Schwab U.S. Small-Cap ETF . Charles Schwab lowered fees on five exchange traded funds in October.
Month: January 2017
Procter & Gamble Shares Rise On Second-quarter Earnings Beat
Procter & Gamble shares rose 1.9% in pre-market trade Friday after the consumer goods company beat second-quarter expectations. Earnings for the latest quarter rose to $7.9 billion, or $2.88 per share, from $3.2 billion, or $1.12 per share.
Oil Services Company Schlumberger Reports Shrinking Q4 Loss, Down Revenue
Schlumberger Ltd. reported a net loss of $204 million, or a loss of 15 cents per share, for the fourth quarter, after a loss of $1.02 billion, or an 81 cent per-share loss during the same quarter a year ago. Adjusted earnings for the quarter came in at 27 cents per share, in line with FactSet’s 27 cents consensus.
Oil Demand at Risk as China Reins In Buyers That Bought Less
Demand from some of the most coveted oil buyers may slow this year because they didn’t purchase all that they could in 2016. While China’s private refiners have received their first batch of quotas to buy foreign crude in 2017 and may get approval to purchase more later, the amount probably won’t exceed 2016 volumes, according to JPMorgan Chase & Co.
Deutsche Bank Burden in Mortgage Settlement Eased by Fine Print
Deutsche Bank AG sought an unusual provision in its $7.2 billion mortgage-bond settlement with the U.S. government, and seems to have ended up winning it: the bank can pay down part of its penalty by lending money to fund managers. As part of the agreement, Germany’s largest bank has to provide $4.1 billion of relief for mortgage borrowers.
Deutsche Bank Burden in Mortgage Settlement Eased by Fine Print
Deutsche Bank AG sought an unusual provision in its $7.2 billion mortgage-bond settlement with the U.S. government, and seems to have ended up winning it: the bank can pay down part of its penalty by lending money to fund managers. As part of the agreement, Germany’s largest bank has to provide $4.1 billion of relief for mortgage borrowers.
European Stocks Called Cautiously Higher Ahead of Trump Inauguration
European stock are set to open modestly higher Friday as investors close out a volatile week in global currency markets and prepared for the inauguration of President elect Donald Trump. European stock are set to open modestly higher Friday as investors close out a volatile week in global currency markets and prepared for the inauguration of President elect Donald Trump.
European Stocks Called Cautiously Higher Ahead of Trump Inauguration
European stock are set to open modestly higher Friday as investors close out a volatile week in global currency markets and prepared for the inauguration of President elect Donald Trump. European stock are set to open modestly higher Friday as investors close out a volatile week in global currency markets and prepared for the inauguration of President elect Donald Trump.
Asian markets mixed ahead of Trump’s inauguration
Asian markets were mixed in cautious trading Friday ahead of the inauguration of President-elect Donald Trump. China’s report that its economy grew at a 6.8 percent pace in October-December was in line with expectations.
Asian markets mixed ahead of Trump’s inauguration
Asian markets were mixed in cautious trading Friday ahead of the inauguration of President-elect Donald Trump. China’s report that its economy grew at a 6.8 percent pace in October-December was in line with expectations.
Report: Broadband access making ‘dramatic’ progress
Eighty-eight percent of U.S. school districts have reached the minimum connectivity-100 kbps per student, as recommended by the Federal Communications Commission-to help students effectively use technology in the classroom. The data comes from the second annual State of the States report from the nonprofit EducationSuperHighway , which analyzed 2016 FCC E-rate data representing 10,499 school districts and more than 38 million students.
Report: Broadband access making ‘dramatic’ progress
Eighty-eight percent of U.S. school districts have reached the minimum connectivity-100 kbps per student, as recommended by the Federal Communications Commission-to help students effectively use technology in the classroom. The data comes from the second annual State of the States report from the nonprofit EducationSuperHighway , which analyzed 2016 FCC E-rate data representing 10,499 school districts and more than 38 million students.
Art credit: Dave Malan
President Trump may not be a full-spectrum deregulator in the Ronald Reagan tradition. He hasn’t had much to say about the Food and Drug Administration or Federal Communications Commission-two favorite targets of regulatory reformers-and he sometimes sounds like an antitrust activist.
Art credit: Dave Malan
President Trump may not be a full-spectrum deregulator in the Ronald Reagan tradition. He hasn’t had much to say about the Food and Drug Administration or Federal Communications Commission-two favorite targets of regulatory reformers-and he sometimes sounds like an antitrust activist.
LeEco Billionaire Apologizes for Remarks on Share-Boosting
Leshi Internet Information & Technology Corp.’s shares climbed Friday after billionaire founder Jia Yueting apologized for making “inappropriate” comments about boosting the share price of LeEco’s main listed unit to 100 yuan. The remarks, made to investors at a public forum, was the latest slip-up for a technology conglomerate that in past months has struggled to deal with a cash squeeze, pay its suppliers and respond to criticism about its capital-intensive business model.
Unsold U.S. Gas Toshiba’s Next Threat as Nuclear Loss Looms
Toshiba Corp., already reeling from a crisis at its nuclear business that sent its market value down by almost half, is seeking help from one of the world’s biggest buyers of LNG to avoid billions of dollars in potential losses if it can’t sell American gas. Toshiba is working with Japan’s Jera Co.
Samsung Galaxy J7 2017 Certification Leaked, New Smartphone Could Be Released in the US
The new Samsung Galaxy will be coming out anytime in 2017. As of late, the company has not revealed any information about the release date and features of the Samsung Galaxy J7 2017.
Samsung Galaxy J7 2017 Certification Leaked, New Smartphone Could Be Released in the US
The new Samsung Galaxy will be coming out anytime in 2017. As of late, the company has not revealed any information about the release date and features of the Samsung Galaxy J7 2017.
Yellen says Fed following prudent course on rates
While unemployment has fallen significantly and inflation is starting to tick higher, Federal Reserve Chair Janet Yellen says she does not believe that the central bank has fallen behind the curve and needs to start pushing interest rates up more quickly. But Yellen says that it would be “risky and unwise” to allow the economy to overheat by keeping interest rates too low for too long.
Yellen says Fed following prudent course on rates
While unemployment has fallen significantly and inflation is starting to tick higher, Federal Reserve Chair Janet Yellen says she does not believe that the central bank has fallen behind the curve and needs to start pushing interest rates up more quickly. But Yellen says that it would be “risky and unwise” to allow the economy to overheat by keeping interest rates too low for too long.
Feds Investigating Russian Intercepts For Trump Ties: Report
Federal authorities are investigating intercepted communications and financial transactions over possible links between Russia and members of President-elect Donald Trump’s campaign team, the New York Times reported Thursday night. The counterintelligence investigation is focused on former campaign chairman Paul Manafort, policy adviser Carter Page and Republican strategist Roger Stone, the Times said.
Feds Investigating Russian Intercepts For Trump Ties: Report
Federal authorities are investigating intercepted communications and financial transactions over possible links between Russia and members of President-elect Donald Trump’s campaign team, the New York Times reported Thursday night. The counterintelligence investigation is focused on former campaign chairman Paul Manafort, policy adviser Carter Page and Republican strategist Roger Stone, the Times said.
American Express Shares Up Slightly After Company’s Quarterly Sales Beat Expectations
Shares of American Express Co. rose slightly late Thursday after the credit card company reported fourth-quarter earnings below expectations but quarterly sales slightly above forecasts.
China Said to Relax Index Futures Curbs as Market Steadies
China plans to relax curbs on stock-index futures trading that led to a 99 percent plunge in volumes and fueled concern over the government’s intervention in markets, according to people familiar with the matter. China Financial Futures Exchange will cut transaction fees, lower margin requirements for non-hedging accounts and double the number of new positions such traders are allowed to open per day, the people said.
2 Ways NVIDIA Is Beating the Competition
The company’s stock price skyrocketed 229% in 2016, fueled by growth from sales of its graphics processing units for its gaming segment. Some stocks move at the whims of investors, but much of NVIDIA’s stock-price rise can be attributed to the company’s healthy lead in the GPU market and the huge steps it’s taken in the self-driving vehicle market.
2 Ways NVIDIA Is Beating the Competition
The company’s stock price skyrocketed 229% in 2016, fueled by growth from sales of its graphics processing units for its gaming segment. Some stocks move at the whims of investors, but much of NVIDIA’s stock-price rise can be attributed to the company’s healthy lead in the GPU market and the huge steps it’s taken in the self-driving vehicle market.
Bristol-Myers Falls Further Behind Merck in Lung Cancer Race
Bristol-Myers Squibb Co. fell after the drugmaker said it wouldn’t seek accelerated approval for a combination of its drugs to treat first-line lung cancer.
Futures, Asia Mixed as Investors Ponder the New President
Futures for U.S. markets pointed to a mixed open for the final trading day of the week and the first day of Donald Trump’s presidency as doubts mount over just how good the erstwhile reality TV star will be for the economy. The S&P 500 gained 0.08%, while Nasdaq added 0.13%, but the Dow Jones Industrial Average slid 0.12% at 9:04 p.m. EST.
Paramount gets $1bn Chinese funding
As part of the deal, Shanghai Film Group and Huahua Media will finance about a quarter of all Paramount’s films over the next three years.
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In other words, it signaled to investors that it was ready to get more serious about trying to make money from building chips for other chip design houses. Over the past several years, some companies have announced manufacturing deals with Intel’s contract chip manufacturing division, called Intel Custom Foundry .
5 Things to Know Before You Buy Under Armour Inc Stock
Thanks to that gap, the sports apparel giant might seem like a no-brainer purchase to prospective shareholders. It is, after all, one of the fastest-growing companies on the market and is staring at a massive global sales opportunity in categories like footwear, active wear, and connected fitness.
Chairman Is Sorry for – 100 Yuan a Share’ Comment: Leshi Filing
Leshi Internet Information & Technology Corp. said in a filing on Thursday that its chairman was sorry for saying the company should be valued at 100 yuan per share. The remarks by Jia Yueting were intended to show the company is committed to achieving rapid growth, an appeal to investor Sunac China Holdings Ltd. to work together on the company’s development and an effort to boost investor confidence, Leshi said in the filing.
IBM’s Earnings Are Stabilizing, but Margins and Cash Flow Remain Pressured
Though a handful of surprising and/or one-time factors helped Big Blue beat estimates, earnings quality is still deteriorating. IBM reported Q4 revenue of $21.8 billion and adjusted EPS of $5.01, topping consensus analyst estimates of $21.6 billion and $4.88.
Las Vegas Sands paying $7 million to settle corrupt practices probe
U.S. authorities say billionaire Sheldon Adelson’s casino company is paying almost $7 million to settle a foreign corrupt practices investigation of the firm’s former relationship with a consultant in Macau and China. Justice Department and FBI officials said Thursday the agreement with Las Vegas Sands Corp. resolves a probe into more than $60 million paid to an unnamed agent retained in 2006 for business dealings including efforts to acquire a Chinese basketball team.
Chinese whispers?
Whenever China’s GDP figures are released, foreign correspondents fly into action with plenty of analysis about what they might mean. Plenty of economists think that GDP is a massively flawed form of measuring the health of any economy but in this country it is even worse.
Paycom Software Inc Has Room to Run
Instead of running one system to manage payroll and another to manage time entry and tracking, and still another to assist with tasks such as recruiting, training, and performance reviews, Paycom customers can log on to one integrated system — running on a single cloud-based database — that handles it all, including compliance with government regulations. This lets companies focus on their own business instead of the ever-changing complexities of the tax code or various labor laws.
China economy grows 6.7% in 2016
China’s economy grew by 6.7% in 2016, compared with 6.9% a year earlier, marking its slowest growth in more than a quarter of a century. China’s growth is a key driver of the global economy and a major concern for investors around the world.
Figures on government spending and debt
Figures on government spending and debt in millions of dollars. The government’s fiscal year runs Oct. 1 through Sept.
IBM Margins Narrow While It Struggles to End Sales Slide
IBM fourth-quarter sales declined and margins narrowed, indicating that revenue in cloud computing and artificial intelligence hasn’t yet offset acquisition costs and other expenses to move the company into new businesses. Revenue was $21.8 billion, slipping for the 19th consecutive quarter.
Why GNC Holdings, Aaron’s, and Dean Foods Slumped Today
The stock market lost ground on Thursday, as investors sent the Dow Jones Industrials below the level at which the average began the year. Losses for the S&P 500 and Nasdaq Composite were modest at around a third of a percent, but they reflected a downbeat attitude among investors, who are struggling to predict what’s likely to happen on the political and macroeconomic fronts for the remainder of the year and beyond.