May 1, 2017: Markets opened higher on Monday following an agreement that keeps the federal government solvent through the end of September. Blue chips have shown very little gain today, with telecom and utilities performing worst and tech and financials performing best. WTI crude oil for June delivery settled at $48.84 a barrel, down 1% on the day. June gold also dropped 1% for the day to settle....More>>>
&l;p&g;&l;img class=&q;dam-image getty size-large wp-image-924510172&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/924510172/960×0.jpg?fit=scale&q; data-height=&q;623&q; data-width=&q;960&q;&g; .(Staff Photo by Gregory Rec/Portland Press Herald via Getty Images)
The Federal Trade Commission gave advice today on the new cards being sent to all Medicare recipients from....More>>>
March has brought madness to airline stocks, including United Continental Holdings (UAL), Delta Air Lines (DAL), and American Airlines (AAL). But the recent pullbacks aren’t a buying opportunity, say Imperial Michael Derchin and Adam Hackel.
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I recommended United Continental on Nov. 19, the week that Warren Buffett’s Berkshire Hathaway (BRK.B)....More>>>
Led by the largest biotech IPO since June 2015, six companies raised $827 million this past week. Biotech Denali Therapeutics raised $250 million, making it the largest biotech IPO of the year by both deal size and market cap. The week also included pricings from a cancer biotech, a medical diagnostics company, a California bank, a payday lender and a SPAC. No companies priced above the midpoint.
&l;em&g;&l;strong&g;This &a;ldquo;Noah&a;rsquo;s Ark&a;rdquo; analysis helps identify what lurks beneath the headlines.&l;/strong&g;&l;/em&g;
&l;img class=&q;dam-image shutterstock size-large wp-image-707227246&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/707227246/960×0.jpg?fit=scale&q; data-height=&q;640&q; data-width=&q;960&q;&g; Shutterstock
As I picked....More>>>
Bank stocks have rallied since Donald Trump’s election victory–even Wells Fargo (WFC), which had been hit hard by its cross selling scandal. It’s not hard to see why: Higher rates and better economic growth should be good news for ones that have been in the penalty box. And yes, Wells Fargo is still in the penalty box, say Instinet’s Bill Carcache and Yuman Lui, but that....More>>>
(Photo by Spencer Platt/Getty Images)
On Monday morning, a long-time rivalry came to a fashionable close after Coach announced that it will acquire cool-girl brand Kate Spade. According to a press release on Kate Spade’s website, Coach’s cash offer of $18.50 per share, or $2.4 billion, represents a 27.5% percent premium to the unaffected closing price of Kate Spade’s shares....More>>>
Starbucks Corporation (SBUX) operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company initiated its dividend in 2010 and has been growing distributions rapidly since then.
While the company has only managed to increase dividends for four years in a row, I believe that it has the potential to reach dividend achiever status, and has the growth story to become....More>>>
Mid capSouthern chicken restaurant stock Cracker Barrel Old Country Store, Inc (NASDAQ: CBRL) reportedearnings for fiscal Q1 2018 (ended October 27, 2017) before the market opened with results topping Wall Street expectations. Total revenue rose 0.1%to $710.4 million as comparable store restaurant sales increased 0.2%, including a 2.0% increase in average check partially offset by a 1.8% decrease....More>>>
Market research company IDC announced on Jan. 11 that the category of products that it refers to as “traditional [personal computers]” dropped 1.5% year over year during the fourth quarter of 2016 and by 5.7% over the course of the entirety of 2016.
Apple’s new MacBook Pro computers could help the company regain lost share in 2017. Image source: Apple.
IDC said that....More>>>