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Saudi Arabia reassuring foreign investors with corruption crackdown

Top Finance News - Fri, 01/12/2018 - 10:42am

Kacy Grine, Ares Holdings Chairman and advisor to Prince Al-Waleed, on Saudi Arabia’s corruption crackdown and efforts to ease foreign investors’ concerns.

Jamie Dimon couldn’t be happier with JPMorgan’s $2.4 billion tax hit

Top Finance News - Fri, 01/12/2018 - 10:15am

JPMorgan CEO Jamie Dimon finally got what he wanted: a $2.4 billion tax charge that was about $400 million more than expected. Rival Goldman Sachs may take an even bigger $5 billion hit when it reports earnings next week. These expenses stem from the US tax cuts that were signed into law late last year.…

Americans reveal their top money goals for 2018: is yours on the list?

Top Finance News - Fri, 01/12/2018 - 9:45am

According to a new report by NerdWallet, 84% of people made money-related resolutions for 2018. If you’re hoping to save money this year, you’re in good company: 60% of people listed saving money as their top goal. Paying down debt, sticking to a budget, and improving credit scores were other popular resolutions.

The VIX Is Dangerously Close to a Tipping Point

Top Finance News - Fri, 01/12/2018 - 7:42am

Stocks soared on Thursday thanks to the largest gain by transportation stocks since 2001 and a rally in Treasury bonds as fears China could slow its bond purchases — the reason for some market unpleasantness earlier in the week — faded away after officials essentially labeled the report fake news.

Your Paycheck Could Increase Very Soon -- Here’s How Much You Can Expect

Top Finance News - Fri, 01/12/2018 - 7:33am

New IRS federal tax-withholding guidelines should give millions of Americans higher paychecks in 2018.

FuelCell Energy (FCEL) Posts Narrower-than-Expected Q4 Loss

Top Finance News - Fri, 01/12/2018 - 7:31am

FuelCell Energy (FCEL) posted narrower-than-expected loss in the fourth quarter of 2017. Further, revenues beat the Zacks Consensus by 91.6%.

3 Things That Affect When You Should Apply for Social Security

Top Finance News - Fri, 01/12/2018 - 7:18am

Are you keeping these critical points in mind?

JPMorgan CEO Dimon: Tax reform is a 'significant positive outcome for the country'

Top Finance News - Fri, 01/12/2018 - 7:12am

Tax reform is seen as an overall positive for the bank.

3 of the Best Dividend Aristocrats for Retirement

Top Finance News - Fri, 01/12/2018 - 7:00am

Retirement investing is a bit different from regular investing, and not because it depends more on dividend investing. Dividend Aristocrats were an important part of the retired investor’s portfolio then, because their cash flow is not only so fantastic that they can continue raising dividends year after year, but because they also have enough growth in some cases to boost annual returns to that important 10% level.

3 Reasons Dividend-Monster Pfizer Inc. Could Explode Higher

Top Finance News - Fri, 01/12/2018 - 6:30am

Pfizer Inc. (NYSE:PFE) has been rather quietly churning higher. Over the last six months, Pfizer stock is up nearly 10% and it hit new highs in December. With a dividend yield of 3.75% and a low valuation, many investors are content holding shares of PFE.

3 Top Oil Stocks to Buy in January

Top Finance News - Fri, 01/12/2018 - 6:12am

The oil industry continues to recover, and these three stocks are ready to profit.

Qualcomm, Inc. Stock Has Fallen into a Lose-Lose Situation

Top Finance News - Fri, 01/12/2018 - 5:49am

The adage of “may you live in interesting times” holds true for Qualcomm, Inc. (NASDAQ:QCOM) stock. As it stands now, telling whether Qualcomm is the hunter or the hunted remains difficult. The company continues to work on closing a deal to acquire NXP Semiconductors NV (NASDAQ:NXPI), but that might not be enough for QCOM stock to be a winner.

Facebook to emphasize friends, not news, in series of changes

Top Finance News - Fri, 01/12/2018 - 5:35am

SAN FRANCISCO/LONDON (Reuters) - Facebook Inc (FB.O) on Thursday began to change the way it filters posts and videos on its centerpiece News Feed, the start of what Chief Executive Mark Zuckerberg said would be a series of changes in the design of the world's largest social network. Zuckerberg, in a sweeping post on Facebook, said the company would change the filter for the News Feed to prioritize what friends and family share, while reducing the amount of non-advertising content from publishers and brands. Facebook, which owns four of the world's most popular smartphone apps including Instagram, has for years prioritized material that its complex computer algorithms think people will engage with through comments, "likes" or other ways of showing interest.

Trump Says He Scrapped London Trip Over Obama's Embassy Deal

Top Finance News - Fri, 01/12/2018 - 1:28am

President Donald Trump said he wouldn’t visit London next month to open a new U.S. embassy because his predecessor, Barack Obama, made a “bad deal” selling the previous site.

A senior Google exec allegedly personally intervened to block an employee from discussing diversity: 'If the majority of your coworkers are Nazis, it is better if you don’t know about it' (GOOG, GOOGL)

Top Finance News - Fri, 01/12/2018 - 12:54am

In a newly-released memo from January 2016, a former Google engineer alleges that Senior VP Urs Hölzle personally intervened to stop him from sharing topics related to diversity. “If the majority of your coworkers are Nazis, it is better if you don’t know about it," Hölzle allegedly said. Another Google Senior VP had previously intervened to quell a contentious email thread on women in tech, the memo alleges.

Former Trump advisor Bannon is expected to testify before a House committee on Tuesday

Top Finance News - Fri, 01/12/2018 - 12:27am

The closed session has been scheduled to take place on Jan. 16.

What? Philip Morris Wants Out of the Cigarette Business?

Top Finance News - Thu, 01/11/2018 - 9:34pm

The company said it's quitting cigarettes ... sort of. Here's what investors need to know.

What to Expect From General Motors Company in 2018

Top Finance News - Thu, 01/11/2018 - 9:31pm

Here's how GM will follow up its eventful 2017.

You can now rent a Kodak-branded bitcoin-mining rig — but you'll have to hand over half of the profits you make (KODK)

Top Finance News - Thu, 01/11/2018 - 9:13pm

The camera company Kodak is partnering with a company to get into bitcoin mining. Kodak's stock soared more than 100% on Tuesday after it announced it would launch a cryptocurrency. Kodak, the once iconic camera company, is licensing its brand to Spotlite, which builds computers designed to mine bitcoin, for a new line of bitcoin-mining machines that they plan to rent to the public for thousands of dollars.

What to Expect From Ford Motor Company in 2018

Top Finance News - Thu, 01/11/2018 - 7:30pm

A new Ranger pickup will be among Ford's big headlines in the coming year.