Nordstrom ‘s mixed fourth quarter and full year results are exciting Wall Street at least, as shares gained by 3.55% to $45.50 in post-market trading. The luxury retailer reported adjusted fourth quarter earnings of $1.37 a share, above analyst estimates for $1.15 a share.
Day: February 23, 2017
Justice Department Rescinds Obama Memo on Private Prisons
Attorney General Jeff Sessions has rescinded an Obama-era memo that was meant to phase out the use of private prisons. “The [Obama] memorandum changed long-standing policy and practice, and impaired the Bureau’s ability to meet the future needs of the federal correctional system.
How to Dig Deep for Value in These Exuberant Markets
Look for beaten-down stocks that are trading at discounts to the value of their assets. Finding absolute bottoms in stocks is not as important as you may think.
Gap’s Jolly Holiday Sales Boosted 4Q Results
Shares of Gap rose 1.08% to $24.23 in after-hours trading on Thursday after the retailer reported fourth-quarter results that were above analysts’ estimates. The company, which also owns Banana Republic and Old Navy, posted adjusted earnings of 51 cents per diluted share, topping the FactSet consensus of 50 cents per share.
How Customer Loyalty Programs Are Letting You Down
Companies waste billions on loyalty programs that don’t bring in new customers and leave faithful clientele in dreadful debt. But fixing loyalty programs isn’t easy.
How Customer Loyalty Programs Are Letting You Down
Companies waste billions on loyalty programs that don’t bring in new customers and leave faithful clientele in dreadful debt. But fixing loyalty programs isn’t easy.
A Noteworthy Change in Character
You wouldn’t know it from the action in the Dow Jones Industrial Average and S&P 500 but there was a shift in the character of the market today. The senior indices covered it up but under the surface there was weakness in a variety sectors.
Khanna says Democrats must be more “far more bold” at first town hall
Hundreds of people packed an auditorium at Ohlone College in Fremont on Wednesday night to hear freshman U.S. Rep. Ro Khanna speak on a broad range of topics at his first town hall event as a congressman. Khanna defeated fellow Democrat and eight-term incumbent Mike Honda on a campaign platform focused on moving the Democratic Party to a more progressive stance, and he pushed those same points to a receptive crowd Wednesday.
The new FCC boss has taken his latest shot at today’s open-internet laws
The Federal Communications Commission on Thursday voted along party lines to exempt more internet service providers from an enhanced transparency rule that requires them to fully inform customers on any promotional rates, extra fees, and data cap and throttling policies they may apply. The rule was initially enacted as part of the 2015 Open Internet Order, which more famously set in place the net-neutrality rules that prevent ISPs from giving preferential treatment to certain internet services.
The new FCC boss has taken his latest shot at today’s open-internet laws
The Federal Communications Commission on Thursday voted along party lines to exempt more internet service providers from an enhanced transparency rule that requires them to fully inform customers on any promotional rates, extra fees, and data cap and throttling policies they may apply. The rule was initially enacted as part of the 2015 Open Internet Order, which more famously set in place the net-neutrality rules that prevent ISPs from giving preferential treatment to certain internet services.
Healthcare ETFs Continue to Impress Thanks to U.S. Economy
The healthcare sector, the third-largest sector weight in the S&P 500, is getting some of its groove back in 2017 and that is boosting an array of exchange traded funds.
Healthcare ETFs Continue to Impress Thanks to U.S. Economy
The healthcare sector, the third-largest sector weight in the S&P 500, is getting some of its groove back in 2017 and that is boosting an array of exchange traded funds.
ETF Advisors, Investors Are Under Allocated Overseas
Many have enjoyed a bull run in the markets, focusing largely on U.S. domestic equities. However, if overseas stocks begin to pick up speed, exchange traded fund investors may be missing out on a growing opportunity.
ETF Advisors, Investors Are Under Allocated Overseas
Many have enjoyed a bull run in the markets, focusing largely on U.S. domestic equities. However, if overseas stocks begin to pick up speed, exchange traded fund investors may be missing out on a growing opportunity.
Inside the Steve Bannon, Reince Priebus Relationship
Feb. 23, 2017 – 3:30 – ‘The Hill’ Editor-In-Chief Bob Cusack weighs in on White House Chief of Staff Reince Priebus and White House Chief Strategist Steve Bannon at CPAC.
Inside the Steve Bannon, Reince Priebus Relationship
Feb. 23, 2017 – 3:30 – ‘The Hill’ Editor-In-Chief Bob Cusack weighs in on White House Chief of Staff Reince Priebus and White House Chief Strategist Steve Bannon at CPAC.
Trump says GOP import tax could create jobs
President Trump tiptoed closer to the House Republican plan to adjust corporate taxes at the border, saying Thursday that the reform would boost jobs. “It could lead to a lot more jobs in the United States,” Trump said of the proposal, speaking from the Oval Office in an interview with Reuters.
Twitter, Snapchat Probed in France as Facebook Alters User Terms
French fraud watchdogs are investigating potential abusive clauses in the terms and conditions applicable for users of Twitter Inc., WhatsApp, Alphabet Inc.’s Google + and Snap Inc.’s Snapchat. Facebook Inc. was the first social platform to come under scrutiny but the Menlo Park, California-based company amended its user terms in December after the watchdogs identified several issues, Nathalie Homobono, who heads the French fraud office, known as DGCCRF, told journalists in Paris Thursday.
CSX Activist May Undercut Own Message With Pay Demands: Gadfly
It’s opposite day at CSX Corp., where an activist investor is fighting for — rather than against — a jumbo-sized executive pay package. Mantle Ridge, led by former Bill Ackman lieutenant Paul Hilal, has amassed a stake in the railroad and is seeking to install former Canadian Pacific Railway Ltd. CEO and storied cost cutter Hunter Harrison in the top post at CSX.
Some Stars Will Get A Ride To The Oscars Via This Tesla Car Service Company
In an industry where appearance is everything, one’s choice of awards show transportation is not to be taken lightly. It used to be a limo, then a black car and now-it’s a Tesla.
Shopify, Breitbart, And The B2B Boycotts That Are Dragging Brands Into Politics
Consumers can’t do business with Shopify directly. But they can target the companies that do-and support employees who want to quit.
We finally know a lot more about what’s going to be in Ridley…
Though Ridley Scott’s continuation of his “Alien” saga, “Alien: Covenant,” doesn’t come out until May, we have been given a nice little tease of the new characters we will be following in the sequel to “Prometheus.” 20th Century Fox released the film’s prologue on Wednesday night, which shows the crew of the colony ship Covenant as they party one last time before going into cryosleep.
Pamela Anderson wants to advocate for men who are falsely…
The former “Baywatch” actress announced her new cause on the Russian television show “The Underground.” She said the move came out of her support of WikiLeaks founder Julian Assange in the wake of rape allegations against him in Sweden.
Jameis Winston had an awkward exchange with some school…
Melrose Elementary in St. Petersburg on Wednesday, and his attempt to motivate the classroom got rather messy when he said boys should be strong and girls should be polite and silent. According to Tom Jones of the Tampa Bay Times, things went off the rails when Winston tried grab the attention of some kids who looked like they were starting to get bored.
Former Navy special operations commander: Trump attacks on…
Retired Adm. William McRaven, who led the Joint Special Operations Command before becoming University of Texas System Chancellor, condemned President Donald Trump’s repeated attacks on the news media and the press during a speech Tuesday.
5 creative ways to use your credit-card rewards
You finally have a credit card that offers amazing rewards. But how do you take advantage of them? Although free flights and cash are great perks, you can explore other ways to use your rewards to make your life even better.
UPDATE 1-Mexico broadcaster Televisa to slash investment in 2017
Feb 23 Mexico’s Grupo Televisa said on Thursday that it would slash its capital expenditures by more than a third to around $1 billion in 2017 as it prepares for tougher times with a weaker Mexican peso. The broadcaster and world’s largest Spanish-language content provider said most of the cuts would come in its cable division, which had almost finished a large network upgrade anyway.
FCC rolls back net neutrality ISP transparency rules
The U.S. Federal Communications Commission has voted to roll back some net neutrality regulations that require broadband providers to inform customers about their network management practices. The Republican-controlled FCC on Thursday suspended the net neutrality transparency requirements for broadband providers with fewer than 250,000 subscribers.
Feral cats
For years, Sam Wood has been a proponent of hunting and killing invasive species, such as wild hogs, that can threaten the native ecosystems. His Facebook page is filled with photos showing the 48-year-old outdoorsman taking down sparrows and starlings , pigeons and rats .
FireEye Once Pursued By Symantec, But No Deal Emerged
Six months ago cyber security company Symantec was in talks to acquire FireEye , but now the company is no longer pursuing a deal, sources revealed to Reuters on Thursday. The two companies were not able to reach an agreement due to disputes over price.
Nvidia Stock Slumping as Instinet Says Valuation ‘Unsustainable’
Shares of Nvidia are lower by 8.53% to $101.26 in early afternoon trading on Thursday, after the visual computing company received some negative analyst comments . Instinet slashed its rating on the stock to “reduce” from “buy,” citing that the stock is as expensive as it has been in the last 10 years, Barron’s reports.
Facebook to Place Ads Within Videos
Facebook will begin placing ads in the middle of videos posted by publishers, the company announced on Thursday. Though the ads are officially live, Facebook maintains that this is just a test.
Nvidia Shares Plummet as Analysts Downgrade High-Flying Stock
Nvidia may have been the tech sector’s darling in 2016, but two firms believe the chipmaker could soon lose its lead in several key markets. Nvidia has become synonymous with an explosive growth story that’s managed to touch nearly all of the chipmaker’s business units.
Jim Cramer — Mall Trends Concerning for J.C. Penney Earnings
Shares of J.C. Penney have struggled this year, down more than 16% as the company gears up to report its fourth-quarter earnings results Friday before the open . J.C. Penney is another apparel-selling, mall-based retailer, and that’s not good, TheStreet’s Jim Cramer, co-manager of the Action Alerts PLUS portfolio , said from the floor of the New York Stock Exchange Wednesday.
Will There Be Growth in the Spring?
The markets are tethering their hope to President Trump’s economic initiatives, but whether that hope becomes reality is another matter. President “Bobby” : Mr. Gardner, do you agree with Ben, or do you think that we can stimulate growth through temporary incentives? Chance the Gardener : As long as the roots are not severed, all is well.
Warning: This Over-Hyped Defense Stock Is Toxic
Stock valuations are at record highs despite a three-year corporate-earnings recession. At the same time, America’s new president is mercurial, interest rates are rising and economic growth is slowing.
12 Best Family Vehicles of 2017
The temperatures are warming up and families are getting ready to hit the road. They’re just not looking to to do in anything other than an SUV, crossover or minivan.
Republicans Are Trying to Let Internet Providers Sell Your Data
The Affordable Care Act is far from the only Obama-era policy Republicans want to take down now that they control the government. A set of internet privacy rules passed by the Federal Communications Commission last year has also become a target.
Jessica Holscott will work closely with Lori Lee, AT&T’s integration leader.
Time Warner has picked head of investor relations Jessica Holscott as its lead executive for the planning of the entertainment company’s integration into telecom giant AT&T. Holscott, who has been senior vp of investor relations since late last year, will work closely with Lori Lee, AT&T’s integration leader and senior executive vp and global marketing officer.
Why Hollywood’s Defiant Awards Show Speeches Won’t Stop Any Time Soon
Inspiring speeches, pointed artwork, and other forms of creative defiance won’t taper off at the end of a turbulent awards season.