The number of investors with at least $1 million in their 401(k) accounts hit a record 233,000 in the fourth quarter, according to Fidelity. …read more […]
The coronavirus outbreak remains contained largely in mainland China and its immediate regions, though other parts of the world are being affected. Here’s the latest. …read more […]
Markets started 2020 with a 5% gain on the S&P 500. It’s a fine cap to start the year, but will it last? Not so sure; Wall Street is predicting a far more modest run in 2020, with the end-year targets averaging just a 2% gain.The outlook reflects relative risk assessment, rather than depression. With the coronavirus outbreak, and a US Presidential election just nine months away, 2020 is starting out with plenty of uncertainty on the horizon.That uncertainty has investors worried, and when investors get worried they look for a safety net in their investment strategy. It’s a draw …read more […]
Kraft Heinz Co on Thursday missed quarterly sales estimates due to lower demand for products like bacon and cheese, and wrote down the value of some businesses – including coffee brand Maxwell House – by $666 million. Kraft Heinz’s sales have been muted for fourteen straight quarters as consumers turn to cheaper private label brands, online shopping and fashionable, non-processed and organic food. Thursday’s results mark the one-year anniversary of Kraft Heinz reporting a surprise loss and taking a $15.4 billion writedown of key brands – a move that rocked the consumer goods industry and led to the …read more […]
Years ago, when Randy Tinseth was still running Boeing’s sales account for United Airlines, the plane company’s designers pulled him aside. “They called me in and said we want to show United this interesting product and we can’t tell you about it until we get there,” Tinseth recalled. Out came the model of a futuristic, high-speed airliner called Sonic Cruiser. …read more […]
We think that it’s fair to say that the possibility of finding fantastic multi-year winners is what motivates many… …read more […]
Alibaba primarily generates revenue by selling advertising and promotional services to third-party merchants that list products on its e-commerce sites, Taobao and Tmall. Alibaba affiliate Ant Financial’s MYBank unit has said it would offer 20 billion yuan ($2.86 billion) in loans to companies in China in the wake of the outbreak. Sales in the company’s core commerce business jumped 38% to 141.48 billion yuan ($20.26 billion) in the third quarter ended Dec. 31, while revenue at its cloud computing unit surged 62% to 10.72 billion yuan. …read more […]
(Bloomberg) — Tesla Inc. plans to offer about $2 billion of common stock as Elon Musk takes advantage of the electric-car maker’s surging shares.Assuming underwriters exercise their option to purchase additional securities, the offering could bring in about $2.3 billion in proceeds, Tesla said in a statement. Less than an hour earlier, the company forecast as much as $3.5 billion in capital expenditures this year, as Musk rushes to bring new models to market, ramp up its first overseas assembly plant and start building another.Tesla shares fell as much as 7.2% after announcing the offering and traded down 4.5% to …read more […]
Headlines moving the stock market in real time. …read more […]
Is The Walt Disney Company (NYSE:DIS) a good dividend stock? How can we tell? Dividend paying companies with growing… …read more […]
Kraft Heinz reported earnings that beat Wall Street expectations, while revenue fell short during its fourth quarter. …read more […]
Alibaba primarily generates revenue by selling advertising and promotional services to third-party merchants that list products on its e-commerce sites, Taobao and Tmall. The company said it was supporting the fight against the coronavirus outbreak in China by ensuring supply of daily necessities and introducing relief measures for its merchants. Alibaba affiliate Ant Financial’s MYBank unit has said it would offer 20 billion yuan ($2.86 billion) in loans to companies in China in the wake of the outbreak. …read more […]
(Bloomberg) — Airbus SE pledged to churn out more aircraft than ever and consolidated its ownership of the A220 jetliner, pressing home its advantage over Boeing Co. and its grounded 737 Max in the growing narrow-body market.The European planemaker said Thursday that it expects to hand over about 880 jets in 2020, building on record output last year. Deliveries of the A320-family workhorse, a direct competitor to the Max, will rise to as many as 67 a month by 2023, while the smaller A220 will also see volumes accelerate.Together, the moves are meant to draw a line under a tumultuous …read more […]
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