Markets look set for a lower opening after the Fed didn’t delivery the upbeat account many were hoping for. Futures for U.S. markets were lower late Wednesday as investors move into a wait-and-see mode for Friday’s jobs report after an unexpectedly indifferent announcement from the Federal Reserve.
Day: February 1, 2017
Veering Global Oil Flows Aided by China Trader’s Crude Spree
Crude purchases in one corner of the oil market by a Chinese trader are contributing to the shake-up of supply flows across the globe. China National United Oil Co.
Why GoPro Inc’s Shares Jumped 23% in January
There have been a number of daily factors driving GoPro’s stock higher, like a positive analyst note and BlackRock increasing its stake in the company . The broader story here is that investors are becoming more bullish on the company’s upcoming fourth-quarter report, as well as its future sales of action cameras and drones.
Top Online Retail Stocks to Buy in 2017
Even after two decades of torrid growth, the rise of e-commerce is still in its early innings. Online sales comprise less than 10% of retail sales, with research firm eMarketer estimating that retail e-commerce sales will increase to more than $4 trillion in 2020, up from about $1.5 trillion in 2015.
Better Buy: Facebook, Inc. vs Alphabet
Digital advertising is expected to surpass television advertising in the U.S. this year — that is, if it hasn’t already. The two main beneficiaries of the growth in digital advertising are Facebook Indeed, the two companies completely dominate the digital advertising market, combining to take about 60% of the market.
Experts: Testing reports reveal driverless cars still need humans at the helm
Though scant on details, a report released by the DMV Wednesday shows that driverless cars have a long way to go before they can get rid of humans, experts said. The data from the Department of Motor Vehicles includes autonomous vehicle test results from 11 companies.
list-article
Secretary of State-designate Rex Tillerson testifies on Capitol Hill in Washington, Wednesday, Jan. 11, 2017, at his confirmation hearing before the Senate Foreign Relations Committee. CEO’s confirmation hearing, as the new Secretary of State presented a tougher stance on Russia and pledged greater support for Israel.
What to Watch When Sierra Wireless, Inc. Reports Earnings
With its shares up 35% over the past three months following its stellar third-quarter report in November, you can be sure the market will be listening closely to what the Internet of Things pure play has to say. Let’s take a closer look at what to watch this time around.
U.S. Federal Reserve Keeps Interest Rates Unchanged for Now
The U.S. Federal Reserve Bank will leave interest rates unchanged for now, but also acknowledged Wednesday that consumer and business sentiment have improved since President Donald Trump was inaugurated. New economic data released by the government bolsters the case for a rate increase soon, economists said.
Facebook’s Earnings Reveal a Company That Won’t Take Its Foot Off the Pedal
The social networking giant’s aggressive spending plans have some investors on edge. But its sales growth and execution remain solid.
Trump Tells Pena Nieto He Might Send Troops to Mexico to Deal With ‘Bad Hombres’: AP
President Donald Trump threatened in a phone call with his Mexican counterpart to send U.S. troops to stop “bad hombres down there” unless the Mexican military does more to control them, according to an excerpt of a transcript of the conversation obtained by The Associated Press. The excerpt of the call did not detail who exactly Trump considered “bad hombres,” nor did it make clear the tone and context of the remark, made in a Friday morning phone call between the leaders.
FTC mails $20M in refunds to T-Mobile customers in ‘cramming’ case
FTC mails $20M in refunds to T-Mobile customers in ‘cramming’ case Typical charges added unwanted $9.99 monthly fees for horoscopes, sport or celebrity gossip. Check out this story on USATODAY.com: http://usat.ly/2jZqJOg T-Mobile recently introduced a new “Kickback” program which is designed to give customers who don’t use much data a credit of $10 a month.
Maxim Integrated: 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. The semiconductor stocks have been roaring as of late, but Cramer discovered one forgotten name that still has a lot of potential, Maxim Integrated .
H&R Block: Cramer’s Top Takeaways
H&R Block CEO Bill Cobb tells Jim Cramer this tax preparer is focused on new initiatives, best tax service for customers. Did you miss last night’s “Mad Money” on CNBC ? If so, here are some of Jim Cramer’s top takeaways.
Nexstar Media Group: Cramer’s Top Takeaways
Nexstar CEO Perry Sook tells Jim Cramer this media group is looking forward to the 2018 midterm elections for revenue growth. Did you miss last night’s “Mad Money” on CNBC ? If so, here are some of Jim Cramer’s top takeaways.
Toyota Paces U.S. Sales Decline as Carmakers Boost Discounts
Toyota Motor Corp. led major carmakers reporting lower U.S. sales in January, even as an industry trying for another record year piled on discounts to keep showrooms busy. Deliveries fell about 11 percent for both Toyota and Fiat Chrysler Automobiles NV.
The Miracles of Financial Automation
In this episode of Motley Fool Answers , the team shares some of their best tips for automating your financial life. They cover everything from insurance to retirement accounts and bills to budgeting.
Meritage Homes Corp. Finishes 2016 Strong, but a Few Things Bear Watching
Yet following the company’s earnings release and conference call with investors, shares were trading down 5%, because of a couple of things that have created some uncertainty around the company’s ability to continue growing sales and profits. Let’s take a closer look at Meritage Homes’ results, and what management had to say about those results, as well as what to expect going forward.
Mead Johnson Shares Surge Nearly 20% On Report Of Buyout Talks
Shares of Mead Johnson Nutrition Co. jumped in the extended session Wednesday following a report that Reckitt Bensicker Group PLC was in talks to acquire the company.
Indiana reworking bill that critics say would bar Tesla
Indiana lawmakers are reworking a bill after critics charged that it would sound the death knell of auto manufacturer Tesla’s ability to sell cars in the state. After nearly two hours of testimony Wednesday, House transportation committee Chairman Ed Solidary called a recess and said he would hammer out a compromise between conventional auto manufacturers, their dealership franchises and Tesla.
Facebook Loses Virtual-Reality Headset Coding Lawsuit Against ZeniMax
Facebook Inc. and its co-defendants were ordered to pay $500 million to ZeniMax Media Inc. after a jury found the social network’s Oculus VR unit unfairly used ZeniMax code to build a virtual-reality headset. The verdict Wednesday was another setback for Oculus, which Facebook bought in 2014 for more than $2 billion.
Consumer groups: Protect robocall limits on student debt collectors
Consumer groups are asking the Federal Communications Commission to leave in place current rule limiting robocalls from student debt collectors. Student debt companies have requested a review of the agency rule , but a group of 18 consumer advocacy organizations signed a letter asking FCC Chairman Ajit Pai not to revisit it.
Labor nominee Puzder is facing complications separating himself from his fast-food chain
President-elect Donald Trump is expected to nominate fast food executive Andy Puzder as Secretary of Labor, a sign that he may be less labor-friendly than President Obama. Justin Mitchell reports.
Here’s One Billionaire’s Plan for Safeguarding American Journalism
Traditional news outlets, particularly newspapers, are facing enormous financial challenges. With tensions between the Trump Administration and the media already high, a vigorous press is more critical than ever.
Cramer: All in All, Today Was a Good Day for Investors
This should be more of a tripod day. That’s right … I think the market should be responding more to the deregulation, repatriation and corporate tax cut agenda of Trump.
Weatherford International Shares Soar on Fourth-Quarter Results
Shares of Weatherford International jumped higher in extended trading Wednesday after the oilfield services company reported a smaller-than-expected loss for the final quarter of 2016. Weatherford posted a net loss of $549 million for the fourth quarter.
TheStreet Guest Contributor
With tensions between the Trump Administration and the media already high, a vigorous press is more critical than ever. That’s where the Institute for Journalism in New Media comes in.
Costly loans trigger lawsuit against RPM Mortgage
Home owners who believe they were coaxed into home mortgages at far higher interest rates than they should have paid have filed a class action lawsuit against their loan provider, RPM Mortgage, according to court records. Pictured: Rob Hirt, CEO of RPM Mortgage.
Sears’ sorrows
The 130-year-old company operates one of America’s best-known department store brands, Sears, Roebuck & Company, along with the ubiquitous Kmart chain, and was America’s largest retail company until 1989. But the firm has recently found itself in a crisis as it struggles to turn a profit as Americans increasingly shop online rather than in shopping centres.
‘Legal, but immoral’
Katie Kendrick says she was originally told her home’s freehold would cost between A 2,000 and A 4,000 When putting pen to paper to buy a new home, most people expect to know how much they will need to pay to own it outright. But thousands of families in England and Wales are discovering the houses they bought are not all they seemed.
Biz Break: Apple investors buy what the company is selling
The new iPhone 7 Plus and iPhone 7. Strong iPhone sales in the last three months of 2016 helped give investors enthusiasm for Apple’s stock on Wednesday. Well, for Apple, it was part of the reason why investors on Wednesday sent the company’s shares up to as much as $130.49, or their highest point since 2015.
Trump Team Reconsiders Scaramuccia s White House Role
Senior White House officials are moving to deny Wall Street hedge fund impresario Anthony Scaramucci a much coveted advisory post to President Donald Trump amid a continued lengthy review of his business dealings, the FOX Business network has learned. Officials with direct knowledge of the matter, who could only speak on the condition of anonymity, say the likely denial is not the result of finding improprieties related to Scaramucci’s past life as a hedge fund executive and the recent sale of his firm, SkyBridge Capital, to a privately held Chinese conglomerate.
article
Quarterly revenue fell 15% year over year, to $462.1 million, with strong customer pick-up driving higher-than-expected trailer shipments of 60,950. That translated to a 29.1% decline in adjusted net income, to $24.2 million.
Why Seaspan Corporation Stock Is Down Nearly 13%
In contrast, the analyst initiated coverage of Seaspan but with a much less bullish view. According to Morgan Stanley, Seaspan is likely to experience declining earnings over the course of this year as “weak global trade and prolonged oversupply of containerships” put the hurt on its income statement.
Why Olin Corporation Stock Just Jumped 12%
Olin Corp. reported its fourth-quarter and full-year 2016 earnings last night, and it beat by the proverbial penny. Expected to deliver $0.09 per share on $1.36 billion in sales, Olin reported a $0.10 profit and $1.39 billion in revenue.
Why Arconic Stock Just Popped 10%
Analysts had been expecting the Alcoa spinoff to report $0.23 per share in pro forma profit on $3 billion in revenue in its fiscal fourth-quarter 2016 report last night.Management hit that revenue total on the head, reporting $3 billion in Q4 sales. As for the profit, though, well, Arconic actually reported a $2.88-per-share loss for the quarter.
The Toyota Camry is Getting a Facelift.
CEO Akio Toyoda unveiled the company’s plans to soup up the Camry. Listen to this segment from Industry Focus: Industrials to hear what will change with the midsize sedan and why Toyota seems to be focusing so much effort on this model.
Text of the Fed’s statement after its meeting Wednesday
Information received since the Federal Open Market Committee met in December indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderate pace. Job gains remained solid and the unemployment rate stayed near its recent low.
Federal Reserve Keeps Rate Steady, Offers Few Future Clues
The Federal Reserve on Wednesday left interest rates unchanged, offering few clues on its next move in the early days of the Trump administration. The vote was 10-0 to stand pat.
Fed Holds Interest Rates Steady, Remains Upbeat on Economy
The Federal Reserve kept interest rates unchanged on Wednesday in its first meeting since President Donald Trump took office, but painted a relatively upbeat picture of the U.S. economy that suggested it was on track to tighten monetary policy this year. The central bank said job gains remained solid, inflation had increased and economic confidence was rising, although it gave no firm signal on the timing of its next rate move.