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>>>
U.S. stocks are drifting lower in mid-day trading on Friday, setting the stage for the first two-day decline since August, as investors show concern about the Federal Reserve’s increasingly aggressive policy tightening path and increasingly nasty rhetoric between President Donald Trump and North Korea.
Some company-specific news is weighing as well, with....More>>>
Chairman, CEO & President of American Assets Trust Inc (NYSE:AAT) Ernest S Rady bought 52,778 shares of AAT on 08/09/2017 at an average price of $40.17 a share. The total cost of this purchase was $2.1 million.
American Assets Trust Inc is a self-administered real estate investment trust based in the United States. The company mainly invests in, operates, and develops retail, office,....More>>>
On Tuesday, our Elite Opportunity Pronewsletter suggested small cap health care technology stock Quality Systems, Inc (NASDAQ: QSII) as a short-term trading opportunity after popping sharply on news:
“QSII popped sharply on the news, and it appears the volume, as well as how the stock has held up over the last few days, may offer traders an early opportunity in advance of higher levels....More>>>
The two most well-covered initial public offerings of 2017 have been major flops. Snap Inc (NYSE:SNAP) went public in early March at $17. After an early pop, SNAP stock soon dipped below that level, dropping below $12 before a recent recovery.
Blue Apron Holdings Inc (NYSE:APRN) has performed even worse. APRN stock dipped below its....More>>>
Fox News host Shepard Smith had been on air for all of a minute on Tuesday when the angry tweets started piling up.
Smith had resumed his ongoing critique of Donald Trump, mocking the White House’s complaints about anonymous sources and the president’s refusal to release his tax returns.
The anchor’s Twitter feed, meanwhile, was flooded with calls for his job.....More>>>
As far as bad news goes, it’s the best bad news one could ever hope for. In September, the number of IT jobs in the United States “only” grew 0.17% from August’s total, reaching almost 5.2 million. That’s the word from TechServe Alliance anyway… an association of IT and engineering staffing companies. While not a huge number, it’s another step forward at....More>>>
Mid cap global life sciencescloud-based software solutions stock Veeva Systems Inc (NYSE: VEEV) reported fiscal Q1 2018 earnings after the market closed yesterday with earningsbeating expectations. Total revenuesincreased 32% to$157.9 million as subscription services revenues rose 33% to $127.3 million whilenet incomeincreased 57% to $36.0million. The CEO commented:
Q1 was another....More>>>
This 28-year-old picks next big startup Let 2017 be the year of more water startups.
Y Combinator, which counts companies like Reddit, Airbnb and Instacart among its portfolio companies, wants to see more startups working on technologies that will make clean water “abundant and cheap.”
It put out a call on Tuesday for water startups to apply to its its elite three-month....More>>>
U.S. stocks edged higher today, with five benchmark indices all closing at record levels as oil prices climbed higher.
It didnt take much to set those records. The S&P 500 jumped 16.29 points, or 0.75%, to close at 2,198.19. The Dow Jones Industrials ended at 18,956.83 after climbing 88.83 points, or 0.5%, and the Nasdaq Composite rallied 47.35 points, or 0.9%,....More>>>