The Apple logo is seen on the facade of the new Apple Store in Paris, France, January 5, 2017. REUTERS/Charles Platiau (
Month: February 2017
Apple closes at record high for first time since 2015
Shares of Apple rose to a record high close on Monday, buoyed by Wall Street’s expectations that the release of a 10th-anniversary iPhone and pent-up customer demand will shore up lackluster sales. The largest component of the S&P 500 and a core holding on Wall Street, Apple’s stock climbed 0.9 percent to end at $133.29, breaking above its record high close of $133.00 hit on Feb. 23, 2015 and giving it a market value of about $699.3 billion.
All-Star Manager Davis Discusses Top Ideas, New ETF Strategy
As the investment landscape shifts and investors adapt to the changes, investors can consider an actively managed equity exchange traded fund strategy that incorporates sound judgment and a time-tested investment discipline.
Bank CEOs Ask Lawmakers to Ease Capital Rules, Allow Higher Fees
Chief executives at the biggest U.S. regional banks are asking U.S. lawmakers to consider easing capital requirements and repeal part of the Dodd-Frank financial overhaul that caps fees banks charge retailers on debit-card transactions. Regional banks don’t pose risks to the financial system that have caused concern among policymakers, executives of 18 banks said in a Feb. 13 letter to the top Republican and Democratic lawmakers in Congress.
Allergan Bets on Aesthetics With $2.48 Billion Zeltiq Deal
Botox maker Allergan Plc is betting on aesthetics with the $2.48 billion acquisition of fat-chilling device maker Zeltiq Aesthetics Inc., doubling down on a lucrative industry where patients pay mostly in cash for products and services. The purchase price is $56.50 a share in cash, the companies said Monday in a statement, a 14 percent premium to Pleasanton, California-based Zeltiq’s closing price Friday of $49.40.
Teva Said to Consider Options for Branded Generics Unit
Israeli drugmaker Teva Pharmaceutical Industries Ltd. is weighing options including a sale of its branded generics products business as it works to reduce debt, according to people familiar with the matter. The business could be valued at several billion dollars, and Teva may also consider spinning off the unit, the people said, asking not to be identified because the deliberations are private.
Apple Shares Hit Record Close on Optimism for Next IPhone
Apple Inc. shares hit a record on optimism the next iPhone will drive a resurgence in sales and help the company’s services businesses grow. The stock climbed less than 1 percent to $133.29 at the close in New York, the highest on record.
Cox BusinessVoice: The 5 Cybersecurity Questions Every Business Leader Should Be Asking
Think cybersecurity isn’t an issue for your business? Think again. Every company, no matter how large or small, offers potential hackers a wealth of data and assets to steal.
Cox BusinessVoice: 7 Ways Telecom And Technology Can Futureproof Your Business
In today’s digital world, change is inevitable. The technology and processes that are currently working for your business aren’t guaranteed to work for you in the future.
Dow, S&P 500 and Nasdaq Score New Records for Third Straight Day
The good vibes that carried Wall Street to new records last week lingered on into Monday’s session, pushing indexes to close at new highs for their third day in a row. The Dow Jones Industrial Average gained 0.70% to close at a record 20,412.
Restaurant Brands Reportedly Interested in Popeyes
Canada’s Restaurant Brands has spoken with Atlanta-based Popeyes Louisiana Kitchen about a potential acquisition, sources told Reuters. Shares of Restaurant Brands were up roughly 5% to $54 in Monday afternoon trading, while Popeyes stock was surging about 12.5% to $ The companies have not agreed to a deal price, and Restaurant Brands could pursue a transaction with another company altogether, the sources said.
Caesars, Boyd to Release Fourth-Quarter Results on Valentine’s Day
Both Caesars Entertainment and Boyd Gaming are expected to report top- and bottom-line results ahead of last year’s totals. Valentine’s Day will mark the release of fourth quarter earnings for fellow gaming companies Caesars Entertainment and Boyd Gaming after the closing bell.
Investing Tips Gleaned From Private Equity 13F Filings
This column originally appeared at noon ET on Real Money, our premium site for active traders. Click here to get great columns like this from Jim Cramer and other writers even earlier in the trading day.
Why the Oil Market is Approaching a Tipping Point
When I was standing shoulder to shoulder with all those other oil day traders on the floor of the NYMEX, once in a while I’d get a very funny feeling. All of a sudden, I’d realize that the position I’d built up for myself was largely shared by just about everyone around the ring — and I also sensed that every other trader had had the exact same realization.
Play U.S.-Canada Pipelines Even As Questions Around NAFTA and Border Tax Adjustment Remain
Pipeline operators could benefit as Trump and Trudeau promise energy infrastructure collaboration.” Canada exports 99% of its oil and all its gas exports to the U.S.,” Credit Suisse says.
Neumann Becomes FCC Media Bureau Chief Engineer
Federal Communications Commission Acting Media Bureau Chief Michelle Carey today announced the appointment of Jeffrey Neumann as chief engineer. “Jeffrey’s breadth of knowledge will be a great asset to the Bureau as it tackles the challenging work pending before it,” Carey said.
Equity Futures Hit Record Highs as ‘Trump Trade’ Rekindles
U.S. stock index futures hit record highs on Monday as the so-called “Trump trade”, which sent Wall Street to record highs last week, looked set to pick up speed after a brief lull. Wall Street’s three main stock indexes closed at record highs on Thursday and Friday as optimism about the economy rose after President Donald Trump vowed to make a major tax announcement in the next few weeks.
Better Buy: Intuitive Surgical, Inc. vs. Accuray Incorporated
It’s no secret that with today’s aging Baby Boomer population, the future looks bright for investors in the healthcare industry. But not every healthcare company is created equal.
3 Ways You Can Lose Your Social Security Benefits
Tens of millions of Americans rely on their Social Security benefits, and many are in a position in which they can’t really afford to lose their monthly checks. Yet there are a few situations in which the Social Security Administration can and will take away benefits for certain recipients.
What to Expect from Canadian PM Trudeau’s Meeting with Trump
Feb. 13, 2017 – 7:37 – Toronto Star Washington Correspondent Daniel Dale on President Trump’s meeting with Canadian Prime Minister Justin Trudeau and the confirmation hearings.
Saudi Arabia Tells OPEC It Cut Oil Output by Most in 8 Years
Saudi Arabia told OPEC that it cut oil production by the most in more than eight years, going beyond its obligations under a deal to balance world markets. The kingdom reported that it reduced output by 717,600 barrels a day last month to 9.748 million a day, according to a monthly report from the Organization of Petroleum Exporting Countries.
Stock Futures Take Baby Steps in Effort to Extend Friday’s Record Run
Stock futures edge higher on Monday morning as good vibes from Friday’s record-breaking rally are sustained through the weekend. Stock futures edged higher on Monday morning as good vibes from Friday’s record-breaking rally were sustained through the weekend.
There’s a new common thread in U.S. foreign policy — Guilfoyle
“I will aim to restore the Japan-U.S. alliance and Japan’s strong diplomatic capabilities. Japan can’t pursue a strong foreign policy without strengthening its alliance with the United States.”
European Stocks Hit 14-Month High as Economic Strength Builds
European stocks touched the highest levels in 14 months Monday despite a cautious prediction on growth from the region’s executive. European stocks touched the highest levels in 14 months Monday despite a cautious prediction on growth from the region’s executive.
New Crop of Activist Investors is on the Hunt
A Lazard review of activist campaigns for 2016 show that first time insurgent campaigns represented about a quarter of all activism for the year – a new record. Last month startup fund Gilead Capital settled a brewing director-election proxy fight with Landauer to add one dissident director to the therapeutics and analytical services company’s board.
Fighting the Trend Can Be a Miserable, Painful Experience
There is no disputing the fact markets are in a bullish trend right now. Since the election, there have been few corrective days, and that seems to disturb some people.
‘The miners trade is already long in the tooth.’
We’ve got a barn burner going on in the metals, as copper takes out levels it hasn’t seen in two years….479 more words left in this article. To read them, just click below and try Real Money.
CF Industries’ Rally Just Starting to Grow
Join me in looking at the latest charts below. In this one-year daily chart of CF, above, we can see how prices bottomed from June through early November.
There Are Risks Under Trump But Economy Is Safe, French PE Says
There’s political, social and geopolitical uncertainty in the U.S. under President Donald Trump, but the economy is a safe bet. That’s Eurazeo SA’s baseline analysis as the French private-equity firm looks across the Atlantic for growth and deals in the $200 million to $500 million range.
Waitrose rebrands ‘British’ meals which use New Zealand lamb
The supermarket chain Waitrose is rebranding the lamb ready meals in its “British” range because some are made with lamb from New Zealand. The problem emerged last year when it was noticed that the lamb meals in the range did not in fact use British meat.
How the sale of his cyber business offers important lessons to Washington
While Washington area success story Invincea being sold for more than $100 million last week is newsworthy, founder Anup Ghosh’s journey is in some ways even more important. To provide some lessons learned in the trenches, I asked him to share highlights of his experience.
How to handle a damaged balcony on a condo building
We live in a condo and have a balcony where a tree fell on it. To make sure it is still structurally okay, we have tried to find an inspector.
Apply early or delay: When is it wise to collect Social Security?
Q: I am 65 and ready to retire. Would it be wise to hold off drawing Social Security until 70, and just use my retirement account to live on until then? Singletary: The question of when to take Social Security has to be based on your situation – not what you’ve heard is the right thing to do.
3 personality traits the HR workforce needs
“The fact is that HR as a traditional role was not the coolest,” says Melanie Hache-Barrois, human capital management strategy director at Oracle. “Part of my job is to meet with HR vice presidents at various companies and the commonality is that they’re becoming less administrative and more like the people who bring innovation to a business.”
Why One Medical Is One Of The Most Innovative Companies Of 2017
To identify the ways that a doctor’s office can be improved, www.onemedical.com ]One Medical[/url] founder and CEO Tom Lee, an internist, spent the early days of his primary-care practice serving in a variety of roles, from physician to accountant. He hit on a membership model that adds concierge-style services to a high-tech foundation-allowing him to cut the administrative costs of traditional care by two-thirds, he says.
Why Orbital Insight Is One Of The Most Innovative Companies Of 2017
If you want to see beautiful images of Earth from a million miles away, visit NASA’s EPIC website-just don’t expect to learn much about the economic or societal trends happening down below. For that, you’ll need Orbital Insight .
Momentum investing explained
Portfolio manager and researcher Dr. Wesley Gray is at it again, looking for ways to build that proverbial better mousetrap. , which he co-wrote with Tobias Carlisle, and found it to be “solid piece of research that combines the successful value investing framework of Benjamin Graham and That these gentlemen have managed to publish two well researched and highly-analytical books in back-to-back years is a feat in and of itself.
Wanda Group Said to Consider Acquisition of Financial Firms
Billionaire Wang Jianlin’s Dalian Wanda Group Co. is examining potential purchases in the financial industry as the Chinese conglomerate seeks to bolster that business, people familiar with the matter said.
Fintech Pressure Spurs Top Thai Bank to Create New Platform
Kasikornbank Pcl, Thailand’s largest bank by revenue, plans to introduce a new digital-payments platform by the end of 2017 to counter threats to fee income from rival transaction networks. The goal is faster, easier and lower-cost online banking transactions, according to Kattiya Indaravijaya, one of four presidents at the Bangkok-based company.
European Stocks Gain as Basic Resource Stocks Power Benchmarks
European stocks climbed higher in early Monday trading as rising commodity price lifted basic resources firms amid growing optimism over the pace of growth in major Asian economies. European stocks climbed higher in early Monday trading as rising commodity price lifted basic resources firms amid growing optimism over the pace of growth in major Asian economies.