CNBC's Becky Quick interviews J.P. Morgan CEO Jamie Dimon about the state of the global economy, the U.S.-China trade war, and the impact the Fed's rate hikes have on the market.
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading better on Friday after gapping yesterday's close. At 08:09 GMT, October WTI crude oil is trading $55.15, up $0.73 or +1.38% and December Brent crude oil is at $57.90, up $0.56 or +0.98%. On Thursday, the U.S. reported that retail sales rose 0.7% in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, according to data that came a day after the 2-year/20-year U.S. Treasury yield inverted for the first time since June 2007 prompting a sell-off in stocks and crude oil.
The plan doesn't sound plausible, most notably because Greenland is not for sale, as the territory's Ministry of Foreign Affairs explained in a tweet today (Aug. 16). #Greenland is rich in valuable resources such as minerals, the purest water and ice, fish stocks, seafood, renewable energy and is a new frontier for adventure tourism. “If [Trump] is truly contemplating this, then this is final proof, that he has gone mad,” foreign affairs spokesman for the Danish People's Party, Soren Espersen, told the national broadcaster.
That seemed to be the prevailing feeling at Wednesday night's meeting, in the energy-friendly setting of Greene County where EQT and Rice Energy are well-known. It's rare, if not unprecedented, for the CEO of a natural gas drilling company to speak in front of such a large number of landowners, let alone take questions and spend one-on-one time before and afterward. Rice gave a 25-minute speech that laid out his vision for EQT as well as his commitment to making sure landowners are treated as partners.
High-end home prices rebounded in the second-quarter of 2019, with the average sale price for those homes across the U.S. increasing 1% year over year to $1.64 million, according to Redfin. Sotheby's International Realty CEO, Philip White, is optimistic when it comes to consistency in the U.S. luxury market. “We're seeing really good increases year over year in the top markets in Texas, which are Austin, San Antonio, Dallas, then Houston,” White said.
Opposition presidential candidate Alberto Fernandez trounced center-right President Mauricio Macri in Sunday's vote, which raised fears of a return to protectionist policies if Fernandez were to win the October general elections. Win Thin, global head of emerging market currency strategy at Brown Brothers Harriman (BBH) pinned the strength in the peso to selling of dollar by some bank's after the central bank established a ceiling for foreign exchange holdings equivalent to 5% of a bank's net worth which is set to take effect on August 20. In Mexico, the peso rose 0.4% after the country's central bank cut its key rate by 25 basis points to 8%, citing slowing inflation, a sluggish economy, and the recent behavior of the external and domestic yield curves.
Anyone researching Vipshop Holdings Limited (NYSE:VIPS) might want to consider the historical volatility of the share price. Volatility is considered to be a measure of risk in modern finance theory. Investors may think of volatility as falling into two main categories.
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Cummins Inc. (NYSE:CMI) is about to go ex-dividend in just 2 days. Cummins's next dividend payment will be US$1.31 per share, on the back of last year when the company paid a total of US$5.24 to shareholders. Calculating the last year's worth of payments shows that Cummins has a trailing yield of 3.5% on the current share price of $149.25.
Shares of the clinical-stage biotech Novavax (NASDAQ: NVAX) are up by 10.65% as of 10:34 a.m. EDT today. Novavax's shares have been bolting higher of late in response to a newly released clinical update for the company's experimental respiratory syncytial virus (RSV) vaccine known as ResVax. Based on how Novavax's stock has reacted to this clinical update, investors seem to be under the impression that the company may now be able to find a viable regulatory pathway for ResVax in either the U.S. or another high-value market abroad.
Copper recently touched its lowest price level in more than two years, reflecting investors' worries about muted economic growth and the temperamental trade dispute between the U.S. and China. As supplies of the red metal tighten, however, analysts think commodities traders could overcome concerns about the economy, prompting copper prices to move higher. “The current stagnant-to-declining copper price is accurately reflecting a slowing global economy,” says Brent Cook, an economic geologist and co-editor of the newsletter Exploration Insights.
Shares of General Electric are bouncing back just one day after whistleblower Harry Markopolous published a report accusing the company of massive accounting fraud. Wall Street analysts are coming to General Electric's defense. Yahoo Finance's The Ticker discusses.
General Motors (GM) and Ford (F) stocks have been impacted by the companies' dull second-quarter earnings. Of the 20 and 19 analysts covering GM and Ford, 70% and 42% recommend “buy” or “strong buy.” Of the analysts covering Ferrari (RACE) and Fiat Chrysler (FCAU), 67% recommend “buy” or “strong buy.” Meanwhile, Tesla (TSLA) has been rated as “buy” or “strong buy” by 31% of analysts covering the stock. Price targets for auto stocks Analysts' price target for GM implies higher gains than does their Ford price target.
As of yesterday, Aurora Cannabis (ACB) stock was trading at 7.63 Canadian dollars. Despite the company providing higher-than-expected guidance for fiscal 2019's fourth quarter this year, its stock has fallen 25.6% this month. Why Aurora's stock price fell
Caterpillar looks like a good value Let's start with what will attract a lot of value investors into the stock. As you can see in the chart below, Caterpillar's valuation is at levels comparable to those seen before previous slumps in its revenue -- the periods of 2009, 2013, and late 2015. Enterprise value (EV) is market cap plus net debt, and EBITDA is earnings before interest, tax, depreciation, and amortization.
Wichita-based Textron Aviation says it is ready to help in the investigation of crash Thursday of a Cessna Citation Latitude business jet carrying famed NASCAR racer Dale Earnhardt Jr. and his family. “Textron Aviation works closely with government aviation authorities responsible for accident investigations and has offered assistance to the National Transportation Safety Board in response to yesterday's accident in Tennessee,” a company spokesperson tells the WBJ. “As a party to the investigation, the company is prohibited by regulation from divulging any information about the accident or investigation.” Earnhardt, his wife and daughter, and two pilots were able to escape the plane after it crashed off the end of the runway after landing Thursday afternoon at Elizabethton Municipal Airport in Elizabethton, Tenn. The locally built Latitude subsequently caught on fire. According to a report from the Tennessean, Earnhardt was taken to a hospital for observation but soon released and no injuries were reported to any of the plane's other occupants. "The first word to come to my mind is that they were very lucky," Elizabethton Fire Chief Barry Carrier told the publication.
Powering the rise of solar energy Maxx Chatsko (Enphase Energy): Sure, shares of Enphase Energy have soared 580% since the beginning of the year, but first-half 2019 operating results suggest there's plenty of room to run. The solar hardware provider reported 60% year-over-year revenue growth and a nearly $28 million increase in operating income in that span. The most recent quarterly results actually exceeded management's long-term targets for gross profits, operating expenses, and operating income, but CEO Badri Kothandaraman said he's going to wait a few more quarters before setting new operating targets.
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. Importantly, Schlumberger Limited (NYSE:SLB) does carry debt. Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price.
Most people think they're above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.
Nvidia posted better-than-expected fiscal-second quarter earnings. Yahoo Finance's Dan Howley joins Akiko Fujita on 'The Ticker' to discuss.
Car rental company Nextmove has walked away from a 5 million euros ($5.55 million) order for 85 Tesla Model 3 electric vehicles following a dispute over how to fix quality issues, the German company said on Friday. Nextmove said it had ordered 100 electric vehicles in 2018 but raised objections over quality and finish after taking delivery of the first 15 Model 3 cars earlier this year. The rental company said following a dispute over how to resolve the quality shortcomings, Tesla triggered a refund clause but Tesla disputes that it cancelled the order.
A look at the shareholders of Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR) can tell us which group is most powerful. Companies that have been privatized tend to have low insider ownership. Arrowhead Pharmaceuticals has a market capitalization of US$2.8b, so we would expect some institutional investors to have noticed the stock.
Fast-growing small-cap stock Kratos Defense and Security Solutions (NASDAQ: KTOS), for example, is up 42% over the past year, but down 23% for the month of August! And yet, according to one analyst, this sell-off in Kratos shares provides investors an opportunity to buy a high-quality growth stock at an attractive price. Indeed, as Goldman argues in a note covered on TheFly.com, as early as 2020 we could see "substantial" growth in Kratos' unmanned aerial vehicles business -- and the company could continue growing sales at rates of anywhere from 23% to 30% annually through 2023. Result: Not only does Goldman Sachs think we will soon see Kratos return to its recent high of $24.65 per share, the analyst even believes Kratos could fly higher -- hitting perhaps $26 within a year, and delivering as much as a 36% profit to investors who buy today.
Imagine if you held Pareteum Corporation (NASDAQ:TEUM) for half a decade as the share price tanked 87%. This could be related to the recent financial results - you can catch up on the most recent data by reading our company report. Given that Pareteum didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development.
In 2015 Dan McCarthy was appointed CEO of Frontier Communications Corporation (NASDAQ:FTR). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Third, we'll reflect on the total return to shareholders over three years, as a second measure of business performance.
Chevrolet is taking preorders for the much-anticipated midengine Corvette and has dedicated a "concierge" team to answer customer inquiries about the sports car. General Motors said Thursday its 2020 Chevrolet Corvette Stingray will start at $59,995. “Most people thought when we moved the Corvette to midengine it would no longer be attainable, but we knew we couldn't mess with a winning formula, and the 2020 Stingray proves it,” said Brian Sweeney, Chevrolet U.S. vice president.
Shares of energy goliath ExxonMobil (NYSE: XOM) are down around 15% from their highs earlier this year. Income investors may be wondering if there's something going on that they need to know about. The answer is yes and no. Here's what changed, and why Exxon and its dividend are still safe.