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As GM workers picket, Michigan's economy feels the chill

Waving a placard on the picket line outside a General Motors Co truck plant in Flint, Michigan, Robert Bacon says he has no money to spend. Up the road, bartender Jeanne Bonner made just $2 in tips one day last week, compared with $80 during a normal shift. “We’ve thrived off GM for years,” Bonner said. …read more […]

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U.S. presidential candidate Warren calls on AT&T to reject plan she says will cost jobs

U.S. presidential candidate Elizabeth Warren called on AT&T Inc to reject an activist investor plan she said would lead to job cuts, staking out a different position than President Donald Trump who has cheered the investor’s involvement. In a Twitter post on Thursday, Warren said she sided with union workers at the telecommunications and media conglomerate, who have criticized a plan submitted last month by AT&T activist investor Elliott Management Corp to boost the company’s profits. Such an approach would continue Trump’s own practice of publicly criticizing company decisions to let workers go. …read more […]

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As GM workers picket, Michigan's economy feels the chill

Waving a placard on the picket line outside a General Motors Co truck plant in Flint, Michigan, Robert Bacon says he has no money to spend. Up the road, bartender Jeanne Bonner made just $2 in tips one day last week, compared with $80 during a normal shift. “We’ve thrived off GM for years,” Bonner said. …read more […]

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Hedge Funds Are Selling Southwest Airlines Co. (LUV)

The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […] …read more […]

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Is Republic Services, Inc. (RSG) A Good Stock To Buy?

At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […] …read more […]

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Did Hedge Funds Drop The Ball On Equity Residential (EQR)?

Reputable billionaire investors such as Jim Simons, Cliff Asness and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won’t accept your savings unless you commit at least $5 million) by pinpointing […] …read more […]

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UPDATE 1-British inventor James Dyson cancels electric car project

Britain’s James Dyson has cancelled his ambitious project to build an electric car, the centrepiece of a 2.5 billion pound ($3.1 billion) investment in technology, saying he could not see a way to make it commercially viable. Dyson said his engineers had built a “fantastic car” and that the project was not being closed due to any failures in research and development. “However, though we have tried very hard throughout the development process, we simply can no longer see a way to make it commercially viable,” he said in an email to staff. …read more […]

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UPDATE 1-Publicis CEO under pressure following second sales target cut

Publicis’ chief executive Arthur Sadoun appeared under pressure on Thursday following a second cut in a row to the full-year sales target of the world’s third-biggest advertising group. Sadoun, who succeeded company veteran and current chairman Maurice Levy in 2017, has promised to offset the decline in ad spending by steering the business closer to consulting groups and offering clients technological tools on top of traditional creative marketing campaigns. This strategy is taking more time than expected to bear fruit, as Paris-based Publicis cut its full-year revenue target following poor third-quarter results hit by a fall in spending …read more […]

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How Tiny Habits Can Make a Big Difference

Whether it’s making money, gaining knowledge or staying healthy, harnessing the power of compounding comes down to one thing: adopting the right habits.
Think of habits as the “compound interest of self-improvement.”

My colleague Alexander Green has written often about how, by saving and investing in the stock market, every American can become a millionaire over time.
This may seem hard to believe. The secret?
Discipline… combined with the power of compound interest. Save a little regularly today, and reap the surprisingly large rewards tomorrow.
Truth be told, the power of compounding is hard for us to get our heads around. And we all prefer …read more […]

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GLOBAL MARKETS-Stocks rise, dollar slides, with eyes on U.S.-Sino trade talks

Stocks were near session highs on Thursday after U.S. President Donald Trump said he would meet with China’s top trade negotiator on Friday, while oil rose as OPEC pledged a decision on supply at its December meeting. Markets were expected to remain volatile, with the focus on the China-U.S. trade talks, as wild overnight gyrations indicated traders were ready to chase every headline. The euro hit its highest since Sept. 20 versus the dollar as the greenback turned weaker across the board, partly due to a Bloomberg report about a U.S.-China currency pact to stop the yuan’s devaluation. …read more […]

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UPDATE 1-Boeing says cracks found on 38 of 810 737 NG jets inspected globally

Boeing Co said on Thursday that airlines had inspected 810 of the company’s 737 NG jets around the world and found 38 structural cracks requiring repair and replacement of the affected parts. The planes will be grounded until the repairs are made, Boeing and airline officials said. The 737 NG is the third-generation 737 and version before the now grounded 737 MAX, which is not impacted by the cracking issue. …read more […]