Former Nixon counsel John Dean, who went to jail, is troubled by Trump’s Russia scandal but doesn’t think it will lead to impeachment. John W. Dean III , the fired White House Counsel, is sworn in 6/25 as the Senate Watergate Committee resumes its investigation of the Watergate affair.
Day: February 17, 2017
Got A Hot Tip? Here’s How To Leak Securely To The Press
Since the election, media outlets are increasingly using tools that allow secure communication with sources. They’re built to maintain anonymity, though extra precaution is advised.
Apple Is on a Crash Course to Being First Company to Ever Be Worth $1 TRILLION
Apple’s market cap is surprisingly only 40% away or so from reaching $1 trillion. Don’t laugh, the milestone could very well happen.
Snap ‘Not Going to Be the Next Facebook,’ NYT’s Isaac Contends
New York Times reporter Mike Isaac expects the Snap IPO to go well, but believes subsequent quarters could be ‘tenuous.’ Snap’s long awaited IPO is expected to have its final price set by March 1, according to CNBC .
Kraft’s Unliever Bid is a Bullish Growth Play – Just Not in the U.S.
Kraft Heinz’s surprise play for Unilever marks a contrast to President Donald Trump’s “Buy American, Hire American” economic policy, as the Warren Buffett-led food giant seeks growth outside the U.S. Kraft Heinz ‘ s surprise play for Unilever plc marks an interesting contrast to President Donald Trump’s “Buy American, Hire American” economic policy, as the Warren Buffett-led food giant seeks growth in non-U.S. markets. Kraft’s $50 per share bid for the maker of Dove soaps and Ben & Jerry’s ice cream values the group at around $143 billion, Unilever said Friday, but nonetheless has “no merit, either financial or strategic” for the company’s shareholders.
Trump Sees Stock Market Gains as Measure of His Success
In the midst of damaging headlines, reports of White House chaos and declining approval ratings, the president has found a measure of his success he likes: the stock market. In the midst of damaging headlines, reports of White House chaos and declining approval ratings, the president has found a measure of his success he likes: the stock market.
European Benchmarks Fall, But London Bucks Trend on Takeover Activity
European benchmarks fell on Friday as the so-called Trump-trade appeared to fade, but London bucked the trend among its continental cousins after drawing a boost from takeover activity and the recovery of formerly ex-dividend stocks. The FTSE 100 closed 0.30% higher at 7,299 while the DAX in Germany was flat at 11,757 and the CAC 40 in France fell by 0.65% to 4,867.
Stocks Retreat From Record Highs, UnitedHealth Drags on Dow
Wall Street is lower in a quieter end to a record-breaking week in which stocks scored their best winning streak in a quarter century. Wall Street held lower Friday in a quieter end to a record-breaking week in which stocks scored their best winning streak in a quarter century.
‘Lego Batman Movie’ Expected to Top President’s Day Weekend Box Office
The Lego Batman Movie should come in first place again at the domestic box office this President’s Day weekend. The animated film from Time Warner’s Warner Bros.
Walgreens Boots Alliance Presenting a Buying Opportunity?
Lower midday Friday, WBA finished Thursday with a 1.65% gain on heavy trade, stretching its winning streak to nine straight sessions. Walgreens Boots Alliance has been on a tear for nearly two weeks.
How the Trump Trade Survived a North Korean Missile, Russian Sub and the NYT
On the darkest day yet for the Trump Administration, Wednesday, with national media and intelligence officials swarming, the second of the President’s proposed advisers out in two days, a new North Korean threat in play, and a Russian sub off the coast of Connecticut, the markets… rose? Not only rose but surged to another record, the longest run in 25 years, since the first President Bush. Nasdaq , Russell , Dow , FANG, financials, retails, transports; the worse the drama out of Washington, the bigger the tear.
You’re Terrible at Handling Unexpected Expenses: Here’s Why
No, dropping emergency expenses onto your credit card isn’t helping your long-term finances. Building an emergency fund will.
10 Most Costly Supercars You Can Buy Online
You don’t have to go to Monaco, London or Dubai to find the world’s most extravagant automobiles. You can browse for seven-figure supercars from home.
What’s Holding Oil Up in Spite of Itself?
Oil looks ripe for a very big selloff. Record inventories. Record inventories in gasoline.
Synchronoss Technologies Gets a Bear Hug
In this 12-month daily bar chart of SNCR, above, we can see how prices have shifted gears since June. We can see a bullish golden cross that month as the 50-day moving average line turns above the 200-day moving average line.
A Few Names on my Radar on This Softness
Momentum has slowed for the second day in a row, but the tendency has been some late buying that produces a strong close. With overseas markets operating on Monday when the U.S. is closed, there may be a little reluctance to add new inventory.
‘Kraft Heinz is a prime example of why you hold on to a stock.’
Yesterday, we scrambled the jets trying to get our arms around the idea that traders were dumping Kraft Heinz even though we saw a glimmer of growth. Somehow these flippers were upset that Kraft Heinz didn’t say, “We are going to buy a cereal or soup maker,” which, of course, would be dumb as wood….233 more words left in this article.
Why We’re Excited About These 3 Top Stocks
No two investors are alike. While some are excited by explosive growth, others look for predictable businesses with competitive advantages.
What This Legendary Value Investor Thinks About the Markets Right Now
Seth Klarman is the legendary value investor behind the highly successful and secretive Baupost Group. Klarman is also known as the “Oracle of Boston,” and his fund has only had three losing years in Baupost’s 34-year-long history and has generated annual returns of 16.4%.
US Ecology Earnings: Weaker Than Expected Due to Industrial Sector Sluggishness
Continued sluggishness in the industrial sector resulted in weaker-than-expected results for the environmental services company. Shares of US Ecology have returned 72% in the one-year period through Feb. 16, versus nearly 29% for the S&P 500 .
Stock Futures Dip as Wall Street Rally Loses Momentum
U.S. stock index futures fell for the second straight day on Friday, after a record-setting few days on Wall Street, as investors await clarity on economic policy and ahead of a long weekend. The S&P 500 has rise about 5 percent so far in 2017, with the Dow Jones Industrial Average up 4 percent, mainly on signs of an improving economy and promises by President Donald Trump to cut corporate taxes and reduce financial regulations.
Oil Prices Slip as High Stocks Overshadow OPEC Cuts
Oil slipped on Friday, pressured by growing global stocks, while expectations that an oil output cut by producers might eventually balance the market helped to underpin prices. Both appeared on track for losses on the week, though prices had moved higher earlier in the session in response to news that producer group OPEC could extend an output cut aimed at reining in a global supply overhang.
Investors Are Betting Big Against Intercept Pharmaceuticals. Are They Wrong?
Most investors who don’t like a particular stock just buy another one. Others look to make money by short-selling the stock — borrowing someone else’s shares and selling them with the hope that the share price drops.
How Will Getting a Mortgage Affect My Credit Score?
There are several potential ways a new mortgage can impact your credit score, some good and some bad. Here’s an overview of the five categories of credit-scoring information and how your new mortgage might affect each one.
How to Drop Into a Lower Tax Bracket
Lowering your tax bill is always a joy. For most taxpayers, it’s fairly easy to trim down your tax liability without breaking the rules .
Fannie Mae to pay Treasury $5.5 billion after profit doubles
Fannie Mae will pay the U.S. Treasury a $5.5 billion dividend next month after its profit doubled in its latest quarter. The government-controlled mortgage company has already paid the Treasury $154.4 billion in dividends since receiving $116.1 billion in bailouts from the government between 2008 and 2011.
Deere 1Q Profit Beats Estimates, Raises Forecast
U.S. farm equipment maker Deere & Co reported a better-than-expected quarterly profit and raised its fiscal 2017 equipment sales forecast as it expects key farm markets to stabilize this year. Deere’s sales have been hit in the past few years as bumper corn and soybeans harvests have driven down prices, leaving farmers with less cash to spend on equipment.
3 Tips for Landing the Lowest Mortgage Rate
A year ago, the benchmark interest rate for 30-year fixed-rate mortgages was 3.78%. In the second week of February, it was4.27%.
Why Did Wendy’s Company Stock Gain 25% in 2016?
After reporting solid third-quarter results, the chain raised its outlook for 2016 adjusted earnings per share to $0.40 to $0.41 from its previous guidance of $0.39 to $0.40; that’s about a 23% jump from 2015. In addition, the company said it expects 2016 adjusted EBITDA to come in at the high end of its previously issued range, of flat to up 1% compared to 2015.
Broadband and Next-Gen TV Drive Liberty Global plc’s 2016 Growth
A focus on high-speed broadband in Europe and next-generation TV platforms has more than offset any cord-cutting, and the transition to these new products is just taking hold. What’s amazing about this is that Liberty Global has turned the slow-growing European economy into a high-growth market.
What’s On Our Radar: February 17, 2017
President Trump lambasted the media for over 70 minutes yesterday in his first solo press conference as President of the United States. He tore into the press corps, labeling some organizations as “fake news” and demanding fair treatment.
Smearing Team Trump
This is bad for my health, because I get so mad at the smug socialist spin, but how can I not read it? It’s my hometown paper. My wife wakes me up with indignant questions like, “How can you say government is too big? The Times says … ” Wait a second.
The Latest: Priebus says president nailed press conference
Senior staff to President Donald Trump arrive for a news conference in the East Room of the White House in Washington, Thursday, Feb. 16, 2017. From left are, Senior Policy Adviser Stephen Miller, White House Chief Strategist Steve Bannon, White House Chief of Staff Reince Priebus, and Vice President Mike Pence.
Kraft in talks to buy Europe’s Unilever
At left, in a March 25, 2015, file photo, a Heinz ketchup sign is shown on the side of the Senator John Heinz History Center in Pittsburgh. At right, also in a March 25, 2015, file photo, the Kraft logo appears outside of their headquarters in Northfield, Ill.
For Boeing Chief, How Cozy Is Too Cozy in Access to Trump
Few companies have been as successful as Boeing Co. in building a cozy relationship with President Donald Trump.
Stada Bid War Unfolds as Third Suitor Offers $3.84 Billion
Stada Arzneimittel AG is weighing offers as a bidding war for one of the last remaining generic-drug businesses of its size in Germany and Russia begins to unfold. The company said Thursday it received interest from a third firm that made a non-binding offer of 58 euros a share, or about 3.61 billion euros .
Deere Raises Profit Forecast as It Sees Signs of Recovery
Deere & Co., the world’s largest manufacturer of farming machinery, raised its 2017 profit forecast and said there are signs the worst may be over in a market that’s suffered a sustained slump lasting years. Net income will be about $1.5 billion in the year through October, Deere said Friday in a statement, exceeding both its own previous forecast and the average estimate among analysts, both of which were $1.4 billion.
Ford’s Dozing Engineers Side With Google in Full Autonomy Push
As Ford Motor Co. has been developing self-driving cars, the U.S. automaker has started noticing a problem during test drives: Engineers monitoring the robot rides are dozing off.
Peugeot’s Move on Opel Driven by Europe’s Do-or-Die Mass Market
PSA Group’s bid to create a European auto giant by acquiring General Motors Co.’ s neglected regional business may be the best chance Peugeot, Citroen and Opel have to thrive.
Opel CEO Says GM Sale To Peugeot Makes Sense ‘In Principle’
General Motors’ European CEO appeared to give his backing for a merger with France’s Peugeot after German lawmakers said the tie-up could work if domestic jobs were protected. General Motors ‘ European CEO, Karl Thomas-Neuman, appeared to give his backing for a merger with France’s PSA Peugeot Friday after German lawmakers said the tie-up could work if domestic jobs were protected.