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Could Plug Power, Inc. Be a Millionaire-Maker Stock?

Top Finance News - Sat, 01/06/2018 - 10:47am

The hydrogen fuel-cell company has been a destroyer of shareholder value so far. It's hard to see the situation changing before the company shows it can make a profit.


3 Big Biotech Stocks to Buy in January

Top Finance News - Sat, 01/06/2018 - 10:34am

These big biotechs could bring fireworks in the new year.


These 2 High-Yield Dividend Stocks Went Crazy This Week (Which Makes 1 an Even Better Buy)

Top Finance News - Sat, 01/06/2018 - 10:32am

SCANA and Dominion Energy went in opposite directions after announcing that they’ll be combining forces.


Trump Insists He’s ‘A Very Stable Genius’ and ‘Like, Really Smart’

Top Finance News - Sat, 01/06/2018 - 10:28am

The President defended himself against unflattering anecdotes in Michael Wolff's new book.


Better Buy: NVIDIA Corporation vs. Qualcomm

Top Finance News - Sat, 01/06/2018 - 8:33am

Both chip leaders have performed admirably of late, but one gets has a slight edge as the better buy over the long run.


The New GOP Tax Law Means This 35-Year-Old Social Security Rule Likely Won't Be Changed

Top Finance News - Sat, 01/06/2018 - 8:21am

So much for helping out middle-income retired workers.


Trump seeks $18 billion to extend border wall over 10 years

Top Finance News - Sat, 01/06/2018 - 6:39am

SAN DIEGO (AP) — The Trump administration has proposed spending $18 billion over 10 years to significantly extend the border wall with Mexico, providing one of its most detailed blueprints of how the president hopes to carry out a signature campaign pledge.


Saudi Arabia Arrests 11 Princes Protesting Over Bills, Okaz Says

Top Finance News - Sat, 01/06/2018 - 5:14am

Saudi authorities made a fresh round of arrests of royal-family members as a group of princes staged a protest at the royal palace over the non-payment of their electricity and water bills, Okaz newspaper ...


Mercedes-Benz stole BMW's crown in US luxury-car sales for a second year in a row — but BMW is already planning a comeback

Top Finance News - Sat, 01/06/2018 - 12:11am

Mercedes-Benz outsold BMW in the US luxury-car market for a second consecutive year in 2017. The company's success is due in part to its robust lineup of SUVs, which American buyers have been snapping up en masse in recent years. The automaker recaptured the No. 2 spot among the best-selling luxury brands in the US, pushing Lexus to third place.


Democrats want amnesty for the worst illegals: Ann Coulter

Top Finance News - Fri, 01/05/2018 - 8:58pm

Political commentator Ann Coulter on President Trump’s push to make a deal on DACA.


Obama officials need to be rooted out of DOJ: Dobbs

Top Finance News - Fri, 01/05/2018 - 8:46pm

FBN’s Lou Dobbs on the FBI and DOJ’s investigation into the Clinton Foundation.


Maduro says Venezuela will issue $5.9 billion in oil-backed cryptocurrency

Top Finance News - Fri, 01/05/2018 - 8:35pm

President Nicolas Maduro said on Friday that Venezuela would issue 100 million units of its new oil-backed cryptocurrency in coming days, although it is unclear whether any investors will want to purchase the "petro" at a time when the OPEC member is going through a deep economic crisis and its leftist government has little credibility. Socialist Maduro surprised many last month when he announced the launch of the cryptocurrency, to be backed by Venezuela’s oil, gas, gold and diamond reserves, as a way to circumvent U.S. sanctions that have hurt Venezuela's access to international banks. Maduro specified on Friday that each unit of the currency would be pegged to Venezuela's oil basket, which this week averaged $59.07 per barrel, according to the oil ministry.


Nintendo's Switch is proving to be a home run for the company — in more ways than one

Top Finance News - Fri, 01/05/2018 - 7:59pm

Nintendo clearly has a hit on its hands with its new Switch console. In fact, the Switch is the fastest selling console of all time in the US, at least in its first 10 months on the market, according to Nintendo.


Visa bans cryptocurrency-backed cards

Top Finance News - Fri, 01/05/2018 - 7:45pm

Cryptocurrencies still face plenty of challenges.


Bristol-Myers sees $3 billion tax hit in fourth quarter 2017

Top Finance News - Fri, 01/05/2018 - 6:41pm

The expense is primarily related to taxes on unremitted offshore earnings, the company said. Bristol said the charge will affect its previous forecast for net earnings per share and its tax rate, but will not have an impact on its outlook after adjusting for one-time items. In October, the company said it expected full-year 2017 net earnings per share of $2.36 to $2.46 with an effective tax rate of 25 percent to 26 percent, while adjusted earnings were forecast at $2.95 to $3.05 per share with a tax rate of 22 percent.


BofA: The Biotech Sector Is In A 'Perfect Storm' For M&A

Top Finance News - Fri, 01/05/2018 - 5:31pm

Few would call the  biotech sector as exciting as the "FAANG" group. But throughout 2017, investors who completely ignored biotech stocks missed out on strong gains. The Nasdaq Biotechnology ...


Twitter says world leaders like Trump have special status

Top Finance News - Fri, 01/05/2018 - 5:27pm

Twitter Inc on Friday reiterated its stance that accounts belonging to world leaders have special status on the social media network, pushing back against users who have called on the company to banish U.S. President Donald Trump. "Blocking a world leader from Twitter or removing their controversial Tweets would hide important information people should be able to see and debate," Twitter said in a post on a corporate blog. Twitter had already said in September that "newsworthiness" and whether a tweet is "of public interest" are among the factors it considers before removing an account or a tweet.


Morgan Stanley to take $1.25 billion hit in fourth-quarter from tax bill

Top Finance News - Fri, 01/05/2018 - 5:15pm

The net blow of the bill to the bank will include about a $1.4 billion net discrete tax provision, mainly due to the remeasurement of certain net deferred tax assets using the lowered corporate tax rate, the company said in a filing. The sweeping tax code changes enacted in late December cuts the corporate tax rate to 21 percent from 35 percent and were expected to mean short-term pain, but long-term gain for U.S.-based corporations. Morgan Stanley's arch rival Goldman Sachs Group Inc (GS.N) had said on Dec. 29 it expects its fourth-quarter earnings to decrease by about $5 billion due to repatriation tax, the cost of moving money from foreign countries to the U.S., Goldman said in a filing.


Morgan Stanley to take $1.25 billion hit in fourth-quarter from tax bill

Top Finance News - Fri, 01/05/2018 - 5:15pm

The net blow of the bill to the bank will include about a $1.4 billion net discrete tax provision, mainly due to the remeasurement of certain net deferred tax assets using the lowered corporate tax rate, the company said in a filing. The sweeping tax code changes enacted in late December cuts the corporate tax rate to 21 percent from 35 percent and were expected to mean short-term pain, but long-term gain for U.S.-based corporations. Morgan Stanley's arch rival Goldman Sachs Group Inc had said on Dec. 29 it expects its fourth-quarter earnings to decrease by about $5 billion due to repatriation tax, the cost of moving money from foreign countries to the U.S., Goldman said in a filing.


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