Payments processor Square Inc beat analysts’ estimates for quarterly profit on Wednesday, as it earned more from its subscription and services business.
The U.S. Department of Justice has demanded documents related to the transmission used in about 2 million of Ford Motor Co’s Fiesta and Focus vehicles sold throughout this decade, the Detroit Free Press reported on Wednesday.
Qualcomm Inc forecast current-quarter profit above Wall Street expectations and beat estimates for fourth-quarter revenue from its closely watched licensing business, sending its shares up 5% in extended trading.
In the summer of 2018, I analyzed the safety of master limited partnership (MLP) Energy Transfer Partners. At the time, the stock received a “C” rating.
The issues were that cash available for distribution (CAD), a measure of cash flow for MLPs, was heading lower and the company’s debt was too high.
Four months later, the MLP merged with its parent company, Energy Transfer Equity, and renamed itself Energy Transfer LP (NYSE: ET).
Let’s take a look at the new combined company and see if the distribution (partnerships pay distributions instead of dividends) is any safer.
CAD is soaring. This chart says it all.
This …read more […]
The dollar slid and the three-day global stock market rally paused on Wednesday as U.S. productivity data disappointed and investors turned a bit cautious about U.S.-China trade talks.
U.S. stocks ended little changed on Wednesday as a report the U.S.-China trade deal could be delayed until December was offset by gains in healthcare shares.
Wearable device maker Fitbit Inc reported its first drop in revenue in five quarters on Wednesday as it faced intense competition from deeper-pocket companies such as Apple Inc and Samsung Electronics Co Ltd , underscoring challenges for buyer Alphabet Inc’s Google.
Oil prices dropped more than $1 a barrel on Wednesday after a much larger-than-expected build in U.S. crude inventories and after Reuters reported that the signing of a U.S.-China trade deal could be delayed until December.
Web hosting company GoDaddy Inc on Wednesday reported a 12% rise in third-quarter revenue as it added more customers.
The legalization of recreational pot in Mexico has been all over the financial news lately, as it’ll not only become the third nation in the world to legalize recreational pot, but easily the largest as well. It’s following in the footsteps of Canada and Uruguay.While Mexico is working out the details of the legalization of the recreational pot market, it’s largely a formality as to it being approved, with the final draft of the law to be decided in the near future.In this article we’ll look at what this means for Aurora Cannabis (ACB – See Price Targets) in the …read more […]
On June 12, I published a Trade of the Day titled “Calling On Our Resident Car Expert.”
The article featured the rapid growth of Ferrari (NYSE: RACE).
At the time, I wrote, “I’ve never traded it… but it intrigues me.”
So to get a better handle on Ferrari, I consulted our very own car expert, Karim.
You see, you may not know this, but Karim worked in a performance car shop during his summer holidays in college, where he learned which cars were made well – and which were not.
He concluded that Porsches are built to last – telling me that they’re pretty much …read more […]
By the time my dad retired, he had accumulated an impressive resumé… decorated World War II Marine, entrepreneur, founder, successful real estate developer, and loving husband and father.
But here’s the one thing he was that you couldn’t find on his resumé: addict.
One day, some 30 years before he passed away, he went to the doctor’s office seeking help for mild depression. He left with a bottle of pills. The next visit, he was given more powerful pills. The visit after, his dosage was increased again.
This pattern continued. In less than two years, he was hooked on some of the most …read more […]
Firm’s largest buys of the last 2 quarters Continue reading… …read more […]
Real estate investing provides numerous benefits to those looking to diversify their portfolio. With many of the wealthiest Americans placing a substantial amount of their assets in real estate, it should be no surprise that it is a great way to build wealth. Not only does real estate enjoy great returns, there are also several tax benefits real estate investors can take advantage of…
Numerous business write-offs are available.
Self-employment and FICA taxes are not paid on rental income.
Depreciation can be written off.
You’ll avoid capital gains taxes.
REITs provide the biggest tax benefit of all.
Write Off Business Expenses
As far as the Internal Revenue …read more […]
A meeting between U.S. President Donald Trump and Chinese President Xi Jinping to sign a long-awaited interim trade deal could be delayed until December as discussions continue over terms and venue, a senior official of the Trump administration told Reuters on Wednesday.
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