Get ready to say goodbye to slow growth, low interest rates and benign inflation. Be prepared for the decline of monetary policy as defined by central banks and global institutions.
Month: February 2017
Laureate Education IPO: What Investors Need to Know
The for-profit education sector has had it rough over the past few years. Its big names, such as Apollo Education Group But that was one administration ago.
Laureate Education IPO: What Investors Need to Know
The for-profit education sector has had it rough over the past few years. Its big names, such as Apollo Education Group But that was one administration ago.
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However, the company’s outsourcing services have come under fire since the election of President Donald Trump. The outsourcing industry has also been facing headwinds from disruptive technologies like artificial intelligence.
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However, the company’s outsourcing services have come under fire since the election of President Donald Trump. The outsourcing industry has also been facing headwinds from disruptive technologies like artificial intelligence.
How Big is the Super Bowl for Buffalo Wild Wings?
The chicken-wings-and-beer joint has seen its performance clipped after recording three straight quarters of falling same-store sales, but the Super Bowl this Sunday could move the ball downfield for the casual-dining chain, if fans flock to its restaurants. According to the National Chicken Council, Americans are set to consume 1.33 billion chicken wings over Saturday and Sunday, a 2% or 30-million-wing increase from last year.
How Big is the Super Bowl for Buffalo Wild Wings?
The chicken-wings-and-beer joint has seen its performance clipped after recording three straight quarters of falling same-store sales, but the Super Bowl this Sunday could move the ball downfield for the casual-dining chain, if fans flock to its restaurants. According to the National Chicken Council, Americans are set to consume 1.33 billion chicken wings over Saturday and Sunday, a 2% or 30-million-wing increase from last year.
Here’s Why Weatherford International Plc’s Stock is Jumping Today
Those results, along with the announcement of an alliance with Nabors Industries Weatherford reported a 4% sequential increase in revenue, which rose to $1.41 billion. Driving that recovery was an 8% uptick in North American revenue as shale drillers started putting rigs back to work.
Here’s Why Weatherford International Plc’s Stock is Jumping Today
Those results, along with the announcement of an alliance with Nabors Industries Weatherford reported a 4% sequential increase in revenue, which rose to $1.41 billion. Driving that recovery was an 8% uptick in North American revenue as shale drillers started putting rigs back to work.
The Future of Retail With This ETF
Investors and Wall Street analysts have been paying close attention to the struggles of traditional brick-and-mortar names, particularly department stores. Some recent data indicate rising credit defaults among traditional retailers, a theme that could weigh on standard exchange traded funds.
The Future of Retail With This ETF
Investors and Wall Street analysts have been paying close attention to the struggles of traditional brick-and-mortar names, particularly department stores. Some recent data indicate rising credit defaults among traditional retailers, a theme that could weigh on standard exchange traded funds.
How Taylor Swift, DirecTV are Squeezing Their Way Into the Super Bowl
As Lady Gaga prepares for her Super Bowl 51 halftime show – Taylor Swift will be headlining a show of her own – with the help of some A-List pals and AT&T. More than 100 million viewers are expected to tune in Sunday to FOX to watch this year’s faceoff in Houston between the Atlanta Falcons and the New England Patriots.
How Taylor Swift, DirecTV are Squeezing Their Way Into the Super Bowl
As Lady Gaga prepares for her Super Bowl 51 halftime show – Taylor Swift will be headlining a show of her own – with the help of some A-List pals and AT&T. More than 100 million viewers are expected to tune in Sunday to FOX to watch this year’s faceoff in Houston between the Atlanta Falcons and the New England Patriots.
Foreign Work Visas are Cheap Labor. So What’s New?
It’s common knowledge that Silicon Valley’s innovation engine would grind to a screeching halt if tech companies couldn’t hire foreign workers to make up for a chronic shortage of American engineers and scientists. And everyone knows that the H1-B visa program prevents that from happening.
FCC Republican argues against more federal broadband subsidies
Federal Communications Commission member Michael O’Rielly is not a fan of calls to increase federal spending on broadband subsidies, arguing that the approach has “serious potential drawbacks.” O’Rielly, a Republican, posted a blog yesterday adding his thoughts to a debate “over whether there should be an expansive infrastructure spending and policy bill” with broadband-related infrastructure provisions.
Comcast will treat Rokus like CableCARDs, not set-top boxes
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European Benchmarks Mixed as Investors React to Earnings Hits and Misses
European benchmarks were mixed on Thursday as investors reacted to a plethora of company announcements, economic reports and central bank speeches. The DAX in Germany saw two-thirds of its constituents close in the red, which pushed the index 0.27% lower for the session, to close at 11,627.
Wall Street’s Unpredictable Day Mirrors Washington Rollercoaster
Stocks see choppy trading on Thursday as Wall Street struggles for direction amid a barrage of news coming from Washington. Stocks saw choppy trading on Thursday as Wall Street struggled for direction amid a barrage of news coming from Washington.
Teen Retailer Wet Seal Slips Into Bankruptcy
Struggling teen retailer Wet Seal is the latest to file for bankruptcy and plans to close all of its 142 U.S. stores by the end of February. Wet Seal filed for Chapter 11 protection Thursday morning, adding to a growing list of struggling retailers turning to insolvency amid a decline in mall traffic and an overall downturn in the industry.
Resolution to Scrap Oil and Gas Anti-Bribery Rule Is Moving Swiftly Through Congress
A resolution to scrap an anti-bribery rule that affects oil, gas and mining companies is quickly making its way through Congress. A resolution to scrap an anti-bribery rule that affects oil, gas and mining companies is quickly making its way through Congress.
On the Comeback Trail: Nike
Nike was the Dow’s biggest loser in 2016, but there are indicators suggesting 2017 could be a rebound year. Nike was the worst performing stock on the Dow in 2016, falling about 19%, according to S&P Global Market Intelligence, but there are indications that the sports apparel behemoth is making a comeback even as competitors falter.
Jim Cramer — We Need More Rates Hikes
The ADP nonfarm employment report released Wednesday blew way past expectations, causing many investors to become more optimistic about the labor market. That confidence will be put to test on Friday when the non-farm payrolls report is released.
Twitter is Having None of Facebook’s Friends Day
In a move that screams Facebook, the social media giant declared today Friends Day, because it obviously can’t just go out and say it’s celebrating its thirteenth birthday on February 4. Everything has to be a holiday. Honoring the friends that “make you, you,” Facebook created a video for each of its users designed to glorify all the friends you haven’t talked to in six years….and naturally it’s the only thing people are sharing today.
Upside Surprise Could Be in Cards for January Jobs Number
Wall Street analysts expect 175,000 new jobs added in January. Considering the recent run of strong economic data, that consensus estimate could be on the low side.
Go Ahead and Cheer Facebook, but Change Could Happen in a ‘Snap’
By all indications, Facebook is crushing it in every single aspect of its business. But CEO Mark Zuckerberg and his fellow shareholders now must be prepared for the one thing that could soon cause the shares to correct.
Stable Beats Sexy When It Comes to Valentine’s Day Finances
There’s still a hefty premium placed on a partner’s looks, but financial infidelity and other money troubles make a partner’s bottom line matter more. In a recent poll of 2,000 people conducted by finance site NerdWallet last year, 40% said a partner’s financial situation is more important than how the person looks.
Valero Energy Headed for Correction
Let’s examine the charts and indicators for clues. In this one-year daily bar chart of VLO, below, we can see that VLO recently closed below the rising 50-day moving average line.
These Stocks Could Win Big in the Race for Self-Driving Cars
As the grand prix of autonomous vehicles races ahead, investors are not only trying to determine who will take the checkered flag, but where to place their money along the way. There are multiple players in the game, some bigger names than I at first realized.
Ralph Lauren CEO Leaving After Creative Clash With Founder
Ralph Lauren Corp. abruptly announced that Chief Executive Officer Stefan Larsson will be leaving after a creative clash with the fashion brand’s founder, sending shares of the struggling company into a tailspin. Larsson, who previously ran Gap Inc.’s Old Navy, will be departing Ralph Lauren on May 1 after less than two years on the job, the company said on Thursday.
Airline CEOs Seek Tillerson Meeting on Feud With Gulf Carriers
The three biggest U.S. airlines asked for a meeting with new Secretary of State Rex Tillerson to discuss their long-held contention that billions of government subsidies enable the Persian Gulf carriers to compete unfairly for passengers.
Reckitt Targets Mead Johnson With Surprise $16.7 Billion Bid
Reckitt Benckiser Group Plc emerged as a surprise suitor for perennial bid candidate Mead Johnson Nutrition Co., starting talks on a $16.7 billion purchase of the baby food maker to build its faster growing consumer-health business and bolster its presence in Asia. The maker of Lysol cleaners said late Wednesday it’s in advanced negotiations to acquire the U.S. company for $90 a share in cash in what would be the second-biggest acquisition by a U.K. company since the Brexit vote.
Ferrari Targets Profit Jump on $2.1 Million LaFerrari Aperta
Ferrari NV plans to increase profit by at least 8 percent this year with more special-edition supercars such as the $2.1 million LaFerrari Aperta, which helped revenue and earnings reach records in 2016. The shares rose to their highest price ever.
U.S. Senate Budget Committee Approves Mulvaney as Budget Director
Rep. Mick Mulvaney testifies before a Senate Budget Committee confirmation hearing on his nomination of to be director of the Office of Management and Budget on Capitol Hill in Washington, U.S., January 24, 2017. REUTERS/Carlos Barria – … The U.S. Senate Budget Committee on Thursday voted to confirm Republican Representative Mick Mulvaney to serve as White House budget director under President Donald Trump.
Will I Pay a Marriage Penalty on My Taxes?
Tax laws treat married couples differently from single people, and in some cases, couples will end up paying more after they marry than they did when they were single. This phenomenon is known as the marriage penalty, and it most often happens when the two spouses each have similar and fairly high amounts of income.
Trump Raises Possibility Of Cut Federal Funds For U.C. Berkeley In Response To Violent Protests
President Donald Trump has responded on social media early Thursday to violent protests at the University of California, Berkeley. A planned appearance there Wednesday by controversial internet figure Milo Yiannopoulos, an editor for the conservative website Breitbart, was canceled after protests over the planned event turned violent on campus.
Oil Rises as OPEC Cuts Outweigh Rise in U.S. Supply
Oil prices rose on Thursday as evidence that OPEC and other big exporters were cutting production outweighed a sharp rise in U.S. crude and gasoline stockpiles. Brent crude was up 50 cents at $57.30 a barrel by 1145 GMT after settling up $1.22 in the previous session.
Merck’s 4Q Revenue Falls Short
Merck’s quarterly revenue narrowly missed Wall Street expectations, hurt by lower-than-expected sales of its key immuno-oncology drug, Keytruda, and its diabetes medicines. The company also forecast 2017 adjusted earnings in the range of $3.72 to $3.87 per share on revenue of $38.6 billion-$40.1 billion.
Merck scores a hit with Keytruda, watches spending in 4Q
Merck & Co.’ s new cancer medicine Keytruda, a blockbuster nearly overnight, along with aggressive and ongoing cost cuts, helped to boost fourth-quarter profits by 21 percent.
Merck Matches Profit Expectations But Sales Come Up a Bit Short
Merck & Co. Inc. reported Thursday fourth-quarter earnings that rose to $1.18 billion, or 42 cents a share, from $976 million, or 35 cents a share, in the same period a year ago.