December 12, 2018

CNBC: Buffett loses nearly $4 billion as Apple stock tanks

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From Newsmax Warren Buffett’s Berkshire Hathaway lost more than $3.5 billion on Friday as Apple’s stock headed for its worst day on Wall Street in more than four years. In late trading, Apple stock (AAPL) was down $15.84, or 7.1 percent at $206.379 in late Friday trading, on track for its worst one-day move since […]

Netflix posts impressive earnings as subscriber base jumps by 7 million

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By Yoni Heisler From BGR Following the close of trading today, Netflix posted its earnings report for the September quarter and easily bested analyst expectations. During the latest quarter, Netflix generated $4 billion in revenue with an EPS of $0.89. Notably, investors on Wall Street were anticipating Netflix’s EPS to fall somewhere in the $0.68 […]

Tesla surges after Elon Musk follows up a $2 billion investment report with a tweet saying he might take the company private (TSLA)

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By Graham Rapier From Business Insider Tesla spiked more than 7% Tuesday after the Financial Times reported Saudi Arabia’s investment fund had amassed a $2 billion stake in the company. CEO Elon Musk tweeted shortly after that he was “considering taking Tesla private at $420.” Tesla shares were halted at 2:08 pm for more news. […]

Next Goldman CEO to take on old problems, new businesses

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From Newsmax Goldman Sachs Group Inc. named David Solomon as its next chief executive officer on Tuesday, ushering in a new era for the Wall Street bank as it expands into different businesses and revamps familiar ones. Solomon’s promotion from his current role as president and chief operating officer comes months after the 56-year-old investment […]

Millennials are ditching Tesla shares faster than any other company

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By Graham Rapier From Business Insider More than 5,000 investors on Robinhood ditched Tesla this week. The selloff mirrors a decline in the stock’s price in recent months. Tesla is up 10% this week following the company’s annual meeting. Until this week, Tesla’s stock had hit a rough patch. Last week, after steady declines for […]

Bloomberg View: Stock plunge could hasten state pension collapses

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By Aaron Brown, Bloomberg View From Newsmax Warnings about looming public pension disasters have regularly cropped up since the 1950s, pointing to problems 25 years or more down the line. To politicians and union leaders, the troubles were someone else’s predicament. Then crisis fatigue set in as the big problem remained down the road. Today, […]

WSJ: FBI’s McCabe held off on Hillary email news for weeks

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Text messages show FBI Deputy Director Andrew McCabe knew about emails potentially related to an investigation of Hillary Clinton by Sept. 28, 2016, The Wall Street Journal reported Wednesday. Then-FBI Director James Comey informed Congress about them Oct. 28, 11 days before the presidential election — a delay first reported by The Washington Post. According to […]

Gasparino: With the economy, Trump ‘Crazy’ like a fox

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By f mcguire From Newsmax Economic guru Charles Gasparino is advising savvy investors to ignore the mainstream media’s criticism of President Donald Trump and to focus on the dollar-and-cents verdict as the stock market seemingly sets new record highs on a daily basis. If there ever was an “insane” president, at least in the economic […]

United Airlines lost $185 million due to the hurricanes

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By Alana Wise, Reuters From Business Insider United Airlines reported a third-quarter drop in profits partly due to flight cancellations triggered by recent hurricanes.  The company forecast a decline in passenger revenue per available seat mile, a gauge of profitability, for the current quarter.  (Reuters) – United Airlines on Wednesday said its third-quarter net income fell slightly […]

IBM’s cloud business helped it top Wall Street revenue targets

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By Becky Peterson From Business Insider IBM benefitted from new and old businesses in the third quarter, as its cloud computing offerings as well as sales of its heavy-duty mainframe systems helped the company beat Wall Street revenue targets. Shares of IBM were up nearly 5% in after hours trading on Tuesday, following the earnings release. IBM’s overall […]