Month: January 2017

Marchionne Enters Final Push to Free Fiat Chrysler From Debt

Sergio Marchionne enters the final stretch of his career at Fiat Chrysler Automobiles NV with a daunting mission: prove wrong the doubters who question how he can make the carmaker’s $5.29 billion in debt disappear by the time he steps down in two years. His strategy update will be a closely watched presentation next week at the Detroit motor show, particularly as Fiat Chrysler won’t be unveiling new models at the annual event.

Credit Suisse May Not Need IPO to Bulk Up Buffers, Herro Says

Credit Suisse Group AG may not need to sell stock in its Swiss unit to raise capital after the bank resolved a major legal issue, according to Harris Associates, one of its biggest investors. The bank announced in December that it would pay more than $5 billion to end a years-long U.S. investigation into the role of its mortgage securities business in the 2008 financial crisis.

Goldman’s Donovan Said to Be Top Contender for Key Treasury Post

Goldman Sachs Group Inc. banker Jim Donovan is the front-runner to be Donald Trump’s pick for undersecretary of domestic finance, a key position in the Treasury department, according to a person familiar with the decision. If chosen and confirmed Donovan would be the fourth appointee with ties to the investment bank tapped to serve in the president-elect administration, and would be responsible for coordinating policies on banking, capital markets and regulation, and managing the issuance of the country’s debt.

‘It wasn’t random’: The FBI is offering $20,000 for…

A US consular official was shot while driving out of a parking garage in Guadalajara, Mexico, on Friday a little after 6 p.m. local time. Christopher Ashcraft, 31, a foreign-service officer on his first posting with the US State Department, was struck on the upper right side of his chest but is in stable condition, according to Mexican authorities.

15 skills that are hard to learn but will pay off forever

The best things in life may be free, but that doesn’t mean they won’t take time, sweat, and perseverance to acquire. To ascertain which talents are worth the investment, one Quora reader posed the question : “What are the hardest and most useful skills to learn?” “You can be the most disciplined, brilliant, and even wealthy individual in the world, but if you don’t care for or empathize with other people, then you are basically nothing but a sociopath,” writes Kamia Taylor .

The Houston Texans got off to a great start in the playoffs…

The Houston Texans got the good start they wanted against the Oakland Raiders in their Wild Card playoff matchup thanks to former No. 1 pick On the Raiders’ second drive of the game, rookie quarterback Connor Cook – making his first career NFL start – tried to set up a screen pass for running back Latavius Murray.

The 20 most dominant college football teams

On Monday, Clemson University and the University of Alabama will face off for the second year in a row at The College Football Playoff National Championship Game Presented by AT&T. And though fans will be deciding whether to cheer “Go Tigers!” or yell their loudest “Roll Tide!” on January 9, these two teams aren’t the only ones to inspire some serious school pride.

REPORT: Jared Kushner is taking steps to explore a White House…

President-elect Donald Trump’s son-in-law, Jared Kushner, may be headed for a job in the White House. Kushner is in the process of filing financial disclosure documents in preparation for taking a formal role as an adviser to the president, sources close to the process o wns the New York Observer , along with other media properties.

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The giant pharmacy services company’s stock was pummeled in the second half of 2016. On the other hand, CVS Health’s dividend yield is now the highest it’s been in years.

Will 2017 Be Philip Morris International, Inc.’s Worst Year Yet?

It’s no secret that the tobacco industry has gone through dramatic upheavals over the years, and that’s been especially true recently in locations outside the U.S. market. Globally, Philip Morris International has to deal with dozens of different regulators in order to make the most of its market opportunities in the countries it serves, and the financial complexities that a multinational has to deal with also leave the tobacco giant exposed to additional risk.

Why Workday Inc. Stock Fell 15.9% in 2016

That’s not to say the entire year was painful. In fact, despite plunging early in 2016 along with the broader market’s historically painful start, shares of Workday were up slightly year to date leading into its fiscal third-quarter 2017 report on Dec. 1, 2016.

Why You Should (and Shouldn’t) Buy Cheniere Energy, Inc.

Instead, it is a true operating company that we can evaluate on its merits as a business. The question today is, now that the facility is up and running, and the risk of it not coming to fruition has been eliminated, is Cheniere Energy a stock worth adding to your portfolio? We asked three of our contributors to chime in on their thoughts on Cheniere Energy to help you make a more informed decision.

Why Palo Alto Networks, Inc. Stock Dropped 29% in 2016

Palo Alto stock was trading only slightly below where it had started the year ahead of its fiscal first-quarter 2017 results in late November. And even then, those results technically exceeded earnings expectations for the 10th consecutive time; revenue climbed 34% year over year, to $398.1 million , and adjusted earnings per share grew 61.8%, to $0.55 .

Top Oil Stocks to Buy in 2017

Between OPEC’s recent plans to decrease output by up to 1.2 million barrels per day, another nearly half-million barrels that some non-OPEC oil countries are set to cut, and a million-barrel drop in North American daily production since the peak in 2015, oil prices look poised to surge at some point in the next year or so. After all, global oil and refined product stocks won’t last forever, and while oil output has steadily fallen, consumption has increased.

Success! SpaceX Figures Out Why Its Rocket Blew Up

Four months after a SpaceX rocket exploded on its launch pad in Florida, the pioneering, privately owned space company is ready to return to space. If all goes well Sunday, we could soon see SpaceX resume regularly tweeting out images like this one — of rockets making sonic booms, instead of rockets simply going “boom.”

Is Marijuana Dangerous? These New Stats Suggest So

You could certainly argue that 1996, the first year that California approved medical cannabis, or 2012, the first year that Colorado and Washington approved recreational weed, were marijuana’s breakout years. But 2016 saw five states approve medical cannabis , while four additional states legalized recreational pot, doubling the number of adult-use states to eight.

Is JPMorgan Chase Stock a Buy in 2017?

Last year was a year to remember for bank stocks, many of which surged by double-digits after the presidential election in November convinced investors that profits in the industry could soon improve. But while 2017 offers a new slate of risks and rewards, it could turn out to be yet another very good year for the nation’s biggest bank by assets, JPMorgan Chase At the end of last year, the Federal Reserve raised the fed funds rate , the primary short-term interest rate benchmark in the United States, for only the second time since the financial crisis.

Here’s Why Alnylam Pharmaceuticals Plunged 59.8% in 2016

That was a far worse decline than the 19% loss by the biotech sector, in general, as measured by the iShares Nasdaq Biotechnology ETF While Alnylam’s share price was weak through the first nine months of the year, investors can mostly chalk that up to the general sell-off in biotech. However, the company’s stock was decimated in October after the company reported a major clinical setback.

Thousands Stranded at Airport: ‘You Feel So Vulnerable’

Thousands of travelers and others at the busy Fort Lauderdale airport during Friday’s deadly shooting were kept on lockdown for more than six hours – some reliving their fears through false reports of a second shooting; others stuck on planes, or in their cars awaiting word from loved ones; and many just amassed at the tarmac hoping for a green light to head home. “People were extremely emotional, crying, horrified,” said Constance McIntyre, 53, who hid in a bathroom stall during the reports of a second shooting.

Jim Cramer and Jack Mohr’s 2017 Market Outlook

The Dow failed to hit 20,000 on Friday, but what does the future hold? Well, Jim Cramer and TheStreet ‘s Chief Investment Strategist Jack Mohr, who co-manage our Action Alerts PLUS club, are out with their 2017 outlook. “I come in with the prospect of being bullish but don’t want to jump the gun,” Cramer said, adding that investors who own the stocks in the Action Alerts PLUS charitable trust shouldn’t sell any of them.

Trump Will Be Good for Gold

I’ve written several reference columns recently specifically with the intention of relating economic, fiscal and political ideas, concepts and issues that investors need to be aware of before Donald Trump is inaugurated. The reason it’s important to be aware of them now is that Trump has a proactive political and economic agenda.

Under-the-Radar Cities and Destinations Dominate Travelers’ Plans for 2017

If 2016 was the year of travelers opting to stay close to home in the wake of high-profile terrorist attacks around the globe, 2017 may very well be just the opposite – a year characterized by searching far and wide for under-the-radar and unique experiences. The trend, revealed in a report from Trip.com , may be a sign that even in these tumultuous times, people have not lost their sense of adventure.