No good deed goes unpunished, as the saying goes. On first impression, that’s what happened to Dr. Robert McClendon, a Texas physician. He lent $100,000 to a business to cover its payroll. And then he got hit with a $4.3 million IRS penalty for the company’s payroll taxes, a penalty that was just upheld in court. But, as often happens with taxes, the situation is more complex. The....More>>>
When her autistic son, Gregory, was nearing 18, Kathy Hebert made a call to her longtime brokerage firm for financial advice related to his special needs and hung up in tears. They just didnt get it. Then, she made a cold call to Bank of America Merrill Lynch financial advisor Daniel Cutter who helped Hebert and her husband figure out the special needs puzzle, with the handholding required. These....More>>>
Spotify just added a new platform for its streaming services ahead of the Spotify IPO date…
According to an Aug. 4 TechCrunchreport, Microsoft Corp. (Nasdaq: MSFT) will add a Spotify app to the new Xbox One X, slated to debut this November.
Spotify has been available on rival PlayStation 4 since 2015, so why has it taken so long for Microsoft to add an app for the streaming....More>>>
Small cap Internet radio stockPandora Media Inc (NYSE: P) reported Q2 2017 earnings after the Monday market close with revenue better than expected, but the Company trimmed its revenue forecast which sent shares down in after hours trading. Total consolidated revenuegrew 10% to$376.8 million as advertising revenuegrew 5% to$278.2 million (advertising growth was enabled by improvements in....More>>>
Daniel Packer, a 29-year-old data analyst at an online advertising agency in Los Angeles, knows more responsibilities will stack up as he hits the big 3-0 this summer, so hes been religiously stashing away money in his retirement accounts the last few years.
Retirement is a long ways away for him, he says at least 30 years but saving money early on means not worrying about putting away....More>>>
CFRA’s Stewart Glickman explains why he downgraded shares of ExxonMobil (XOM) to Hold from Buy ahead of its earnings release before tomorrow’s market open:
Agence France-Presse/Getty Images
Shares are up 12% YTD despite what we view as deteriorating refining fundamentals and mediocre upstream prospects. Ahead of tomorrow’s Q3 call, we cut our ’16 EPS....More>>>
Investment company Wintergreen Fund buys Lotte Confectionery Co, LiLAC Group, sells Altria Group, The Swatch Group AG, JC Decaux SA during the 3-months ended 2016-12-31, according to the most recent filings of the investment company, Wintergreen Fund. As of 2016-12-31, Wintergreen Fund owns 25 stocks with a total value of $407 million. These are the details of the buys and sells.
May 16, 2017: Here are four stocks trading with relatively heavy volume among 129 equities making new 52-week lows in Tuesday’s session. On the NYSE, decliners led advancers by about 8 to 7 and on the Nasdaq advancers and decliners were about even.
Ford Motor Co. (NYSE: Ford) posted a new 52-week low of $10.90 on Tuesday, down about 0.4% compared with Monday’s closing....More>>>
May 9, 2017: Here are four stocks trading with relatively heavy volume among 83 equities making new 52-week lows in Tuesday’s session. On the NYSE, decliners led advancers by about 4 to 3 and on the Nasdaq was split evenly between advancing and declining equities.
Pandora Media Inc. (NYSE: P) dropped about 9.5% Tuesday to post a new 52-week low of $9.41 after closing Monday....More>>>
Yesterday, our Under the Radar Moversnewsletter suggested small cap clinical-stage biotech RXi Pharmaceuticals Corp (NASDAQ: RXII) as a long/bullish trade for our short-term portfolio:
RXi Pharmaceuticals was hit pretty hard in September and October, but we like the way the stock’s been piecing together the foundation for a technical breakout. That is, we’ve made a higher low,....More>>>