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Activist investor Icahn sells nearly a third of his Occidental Petroleum stake

Activist investor Carl Icahn, who has been waging a bitter battle against Occidental Petroleum Corp’s board over its $38 billion acquisition of Anadarko Petroleum, cut his holdings in the oil and gas producer by nearly a third, according to an open letter to shareholders released on Friday.

…read more […]

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8 Foreign Income Stocks to Buy for a Strong Dollar

Strong corporate profits and hopes of resolution in the global trade disputes have resulted in a stronger U.S. dollar. Well, a stronger dollar means U.S. exports are more expensive overseas and foreign stocks that sell goods to America book higher profits thanks to favorable exchange rates. All of these stocks boast market capitalizations north of $10 billion and pay a dividend yield of 3% or better. …read more […]

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UPDATE 1-U.S. FDA approves Celgene's rare blood disorder drug

The U.S. Food and Drug Administration said on Friday it had approved a treatment for a rare blood disorder from Celgene Corp, which is in the process of being bought by Bristol-Myers Squibb Co. Reblozyl, which has been jointly developed by Celgene and Acceleron Pharma Inc, is meant for treatment of anemia in patients with beta thalassemia, who require regular red blood cell transfusions. Beta thalassemia is an inherited disorder that reduces the production of hemoglobin in blood, which can lead to lack of oxygen in many parts of the body and anemia, the FDA said. …read more […]

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Business News

Activist investor Carl Icahn sells nearly a third of his Occidental Petroleum stake

Activist investor Carl Icahn, who has been waging a bitter battle against Occidental Petroleum Corp’s board over its $38 billion acquisition of Anadarko Petroleum, cut his holdings in the oil and gas producer by nearly a third, according to an open letter to shareholders he released Friday.

…read more […]

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Disney beats FQ4 earnings, revenue estimates

Disney beat earnings expectations on the top and bottom line in the fiscal fourth quarter, just days ahead of the launch of its highly anticipated streaming service, Disney+. Yahoo Finance’s Julie Hyman, Brian Cheung and Scott Gamm discuss with Bank of America Analyst Jessica Reif Ehrlich on On the Move. …read more […]

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Why the Anti-Capitalists Are Dead Wrong

Anti-capitalists argue that current economic inequality shows that capitalism is “broken.” But this is a gross mischaracterization.
As Alexander Green explains, no system provides more opportunities to build wealth and achieve success.

In his excellent new book The United States of Trump, my friend Bill O’Reilly explains why the president refuses to admit it when he’s wrong.
The short answer is he views it as a sign of weakness.
I think this approach works against Trump rather than for him.
In any event, I don’t have that luxury. I pick stocks for a living.
When a recommendation goes south – as one will from time to …read more […]