octobre 2014

Cramer's secret to getting rich

vendredi 31 octobre 2014

Your paycheck won't get you there, but Mad Money host Jim Cramer tells you what will.

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Bulls set to win midterm election

Sam Stovall of S&P Capital IQ says investors are the winners no matter who comes away with a victory next Tuesday.

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Unknown election outcome is stocks' big fear

Senate races next week could hold the key to whether the stock market glides through the year-end in a typical post-midterm election rally or gets hit with a fresh bout of volatility. "If we have a really uncertain situation, where the Senate is divided and candidates are threatening recounts, that's really not good," said Robbert van Batenburg, director of market strategy at Newedge USA LLC in New York. Such an outcome, while considered unlikely, nevertheless rekindles uncomfortable memories for some of the 2000 presidential election, when George W. Bush's victory over Al Gore was not confirmed for more than a month after Election Day.

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Takata must rev up air bag replacement effort: U.S. safety officials

On Thursday, Takata agreed to add two production lines to make more air bag parts. The pledge came at a meeting with the National Highway Traffic Safety Administration, which said on Friday that the effort might not be enough. "It's unclear yet whether that would be sufficient to meet demand," said NHTSA Deputy Administrator David Friedman in a statement released Friday evening. Friedman also said Takata had not yet heeded NHTSA's request to contact other air bag suppliers to help speed up production of replacement parts for Takata air bags "due to concern for quality issues."

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Exclusive: U.S. probing Standard Chartered over Dubai banking - sources

The latest investigation involving the bank is based, in part, from evidence that emerged during a separate probe of BNP Paribas, the French bank that pleaded guilty this summer to charges related to sanctions-busting and agreed to pay $8.9 billion in penalties, the people said. Investigators also learned that the company used to have an account with Standard Chartered, according to the source.

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Virgin Galactic crash: What did they overlook?

After Virgin Galactic's SpaceShipTwo crashed, James Oberg, NBC space analyst, says the first step of investigators should be to create a timeline of events.

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Experts: Rocket blast a setback to space tourism

MOJAVE, Calif. (AP) — Commercial space tourism suffered a huge setback Friday when a prototype passenger rocket exploded during a test flight, scattering debris over the Mojave Desert and killing one pilot while seriously injuring the other.

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Another, bigger market selloff coming, pro says

U.S. stocks surged to record highs Friday. With the recent selloff in the rearview mirror, one pro sees a bigger correction ahead.

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McDonald's: No 'Lovin' Beats Hatin' slogan planned

Rumors have swirled that the world's biggest burger chain could begin using 'Lovin' Beats Hatin' as a new slogan. McDonald's denies them.

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No trick here: Investors treated to Halloween rally

A bout of global fears haunted Wall Street earlier this month -- but the markets have shot higher in recent days, lifting the Dow to a fresh record high.

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Citigroup Cuts Profit by $600 Million Amid Criminal Foreign Exchange Probe

Citigroup Inc. (C) revealed that it's facing a U.S. The lender is cooperating with criminal and antitrust investigations by the Justice Department as well as inquiries by the Commodity Futures Trading Commission and regulators in the U.K. and Switzerland, New York-based Citigroup said today in a regulatory filing. The increase in third-quarter legal costs, on top of the $951 million disclosed earlier this month, "resulted from rapidly evolving regulatory inquiries and investigations, including very recent communications with certain regulatory agencies related to previously disclosed matters," the company said in a separate statement. Citigroup, led by Chief Executive Officer Michael Corbat, is among banks facing investigations by authorities on three continents over alleged rigging of currency markets, people with knowledge of the situation have said.

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Hackers Probing Financial System’s Defenses Show Why Everyone Should Worry

Hackers are testing the financial system's cyber defenses, and they can boast of some alarming success. JPMorgan Chase & Co. (JPM) says a breach of its computer systems exposed the personal information of 76 million households and 7 million small businesses. They accessed names, addresses, phone numbers and e-mail addresses, although the bank says there's no evidence they compromised account information, passwords or Social Security numbers, Bloomberg Markets magazine will report in its December issue.

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Canada willing to take action against U.S. over meat labeling

Canada will pursue "any and all remedies" to pressure the United States to drop regulations on meat labeling that Canada considers discriminatory, the country's trade minister said on Friday. Ed Fast, Canada's international trade minister, declined to elaborate on any deadlines for further action. The United States faces potential trade sanctions from Canada and Mexico after the World Trade Organization ruled on Oct. 20 that it had failed to bring its meat labeling regulations fully in line with international fair trading rules.

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Wal-Mart bringing Black Friday to Halloween weekend

Wal-Mart joins the likes of Amazon, Office Depot and OfficeMax, which are also launching their first holiday deals over the weekend

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1 dead after Virgin Galactic spaceship crashes during test

A suborbital passenger spaceship being developed by Richard Branson's Virgin Galactic crashed during a test flight on Friday at the Mojave Air and Space Port in California, the company said. Two pilots were aboard the spaceship, which was undergoing its first powered test flight since January, but it was not immediately known if they were able to parachute to safety. The spaceship then fires its rocket motor to catapult it to about 62 miles (100 km) above Earth, giving passengers a view of the planet set against the blackness of space and a few minutes of weightlessness. The spaceship is based on a prototype, called SpaceShipOne, which 10 years ago won the $10 million Ansari X Prize for the first privately developed manned spacecraft to fly in space.

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4 ways Tuesday’s election could hit you in the wallet

In times of economic uncertainty Americans tend to vote their wallets.

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U.S. Fed awards most reverse repos in over four weeks

The U.S. Federal Reserve awarded $186.28 billion in fixed-rate reverse repurchase agreements on Friday, the highest amount in more than four weeks, due to strong investor demand for ultra short-dated, ...

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Dollar General extends tender offer for Family Dollar shares again

Dollar General had received offers for only about 4 million Family Dollar shares of a total 114 million outstanding shares as of Oct. 30, a day before the offer was to expire. Dollar General's perseverance to close a deal highlights its struggles in a weak economy where penny-pinching customers look for more discounts and deals. Dollar stores have been a popular choice for such customers, but rising competition from mass retailers such as Wal-Mart Stores Inc (WMT.N) and Target Corp (TGT.N) opening small-format stores has intensified pressure on them to merge.

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Japan's central bank shocks markets with more easing as inflation slows

The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April. BOJ Governor Haruhiko Kuroda portrayed the board's tightly-split decision to buy more assets as a preemptive strike to keep policy on track, rather than an admission that his plan to reflate the long moribund-economy had derailed. "It's clearly a big surprise given Kuroda's repeated insistence that policy was on track and assorted politicians have been warning about the negative side of a weak yen currency," said Sean Callow, a currency strategist at Westpac. "We salute the BoJ for admitting that they weren't going to reach their goals on inflation or GDP, though we do note that the new policy equates to about $60 billion of quantitative easing per month.

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AbbVie says strong results lessen need for big deal

"The underlying growth prospects of AbbVie don't require us to do a deal of that size," AbbVie Chief Executive Richard Gonzalez said in conference call, but added the company was keen on smaller acquisitions, particularly of treatments involving rare diseases, cancer and hepatology. Excluding special items, including charges for the attempted Shire deal, AbbVie earned 89 cents per share. Analysts on average expected 77 cents, according to Thomson Reuters I/B/E/S.

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Daimler buys into Agusta as motorbike and car tech converge

Daimler AG (DAIGn.DE) will buy 25 percent of Italian motorcycle maker MV Agusta (IPO-MVAG.MI) - the latest sign that motorbike and car technologies are converging, driven by a push to lower emissions and improve safety. Daimler said on Friday it would buy the stake via its Mercedes-AMG performance cars unit and take a seat on the board at Agusta - a legendary name in the sport of motorcycling, having won at least 75 world championship rider and constructor titles. It did not disclose the financial terms and said it was part of a broader cooperation deal between high-end brands Mercedes and Agusta which would mainly focus on marketing and sales. Daimler says Agusta's motorbike engines are unlikely to be used in its Mercedes passenger cars any time soon - however tougher anti-pollution rules have increased interest among carmakers in the lightweight construction technology and compact engines, which could be used as "range extender" add-ons to complement electric engines in hybrid vehicles.

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Oil prices are dropping but the fracking revolution rolls on

$75 dollars a barrel – that’s the price crude oil would have to hit for frackers in North Dakota’s Bakken fields to feel pressure to slow new production.

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Wal-Mart: Halloween is the new Thanksgiving

The world’s biggest retailer is now kicking off the holiday season before Halloween trick-or-treaters come down from their sugar rush. The company announced it is starting the shopping season Saturday, November 1st. Wal-Mart is offering more than 20,000 Rollbacks on products including brands such as Disney’s “Frozen,” Teenage Mutant Ninja Turtles, Samsung and Dell.

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SEC subpoenas Ally Financial over subprime auto lending

Securities and Exchange Commission is investigating the subprime auto lending and securitization practices at No. 2 U.S. Since the start of the year, Ally has issued $2.75 billion in three deals of bonds backed by subprime auto loans, down from $4.06 billion across four deals last year, according to data from Thomson Reuters IFR.

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The former head of Fannie and Freddie predicts their demise

Ed DeMarco foresees a smaller federal role--and a return of private operators--in the mortgage market.

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US consumer sentiment index reaches 7-year high

U.S. consumers expect better economic growth and rising incomes in the coming months, pushing a measure of confidence to a seven-year high in October. The University of Michigan said Friday that its index ...

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These are the biggest winners in the October rally

Markets have rebounded sharply since touching correction territory on October 15, with two S&P sectors posting double-digit gains since.

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Samsung says Microsoft deal invites 'charges of collusion': filing

The filing late on Thursday stems from Microsoft Corp's (MSFT.O) lawsuit accusing Samsung Electronics Co Ltd of breaching a business collaboration agreement. The lawsuit, filed earlier this year in a New York federal court, says South Korean smartphone company Samsung still owes $6.9 million in interest on more than $1 billion in patent royalties it delayed paying. Samsung, meanwhile, said the April Nokia acquisition violated its 2011 deal with Microsoft.

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Without a plan, junk status looms for Britain's Tesco: Moody's

Tesco (TSCO.L) could see its debt downgraded to "junk" status unless it outlines plans to cut borrowing and improve trading, rating agency Moody's said, raising the prospect of higher financing costs for Britain's biggest grocer. Tesco, already facing a severe slowdown in sales in its stores, said last month it had uncovered what has become a 263 million pound ($420 million) accounting hole, resulting in the suspension of eight senior members of staff and a Serious Fraud Office investigation. Moody's has already cut the supermarket group to one notch above junk, Baa3, and last week also put it on review for a further downgrade after first-half results showed the pension deficit and net debt growing, while trading profits slumped. The agency urged the group to lay out its plans or face further cuts -- a warning to newly appointed Tesco Chief Executive Dave Lewis who said last week investors should not expect a big strategy announcement.

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Japan shares soar, yen skids after BOJ stuns with new easing steps

Japanese stocks soared 4.8 percent to their highest close since November 2007 and the yen skidded to near seven-year lows against the dollar on Friday, after the Bank of Japan surprised markets with fresh easing steps it called a pre-emptive move to stoke inflation. The Nikkei stock average marked its biggest one-day gain since June 2013 after Japan's central bank said it would purchase more shares of exchange-traded funds and real estate investment trusts, extend the duration of its portfolio of Japanese government bonds, and increase the pace at which it expands base money to "pre-empt manifestation" of risks. The dollar was buying 111.06, up about 1.7 percent on the day after rising as high as 111.18 yen, its highest since January 2008. "It was a total surprise that the BOJ eased further at this time given that BOJ executives have not voiced such pessimistic views lately.

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What's got Alan Greenspan talking up gold

Alan Greenspan says gold is now a good investment, according to the Wall Street Journal. CNBC's Patti Domm explains why the former Fed Chair might be interested in the precious metal.

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Online stores fight Amazon for piece of retail pie

Amazon.com's low prices, and apparent disregard for profits, make the site a steal for consumers ... but it's made competing very difficult for many online stores.

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Dow rises to intraday record; Japan widens stimulus

Stocks rose Friday, with benchmarks at or near records, after the Bank of Japan unexpectedly expanded stimulus, sparking hopes for the global economy.

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U.S. consumer sentiment at highest since July 2007

The Thomson Reuters/University of Michigan's final October reading on the overall index on consumer sentiment finished at 86.9, the highest level since July 2007, up from 84.6 at the end of September. "The gains in confidence over the past three months point toward improved holiday spending by consumers," survey director Richard Curtin said in a statement. The survey's gauge of consumer expectations rose to 79.6 from the preliminary 78.4 reading and the 75.4 at the end of September, topping the expected 78.2.

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Exxon, Chevron results boosted by refining as oil prices slip

A surge in refining profits boosted quarterly results at Exxon Mobil Corp and Chevron Corp , helping to offset declining oil and gas production and falling crude oil prices. Both companies reported better-than-expected ...

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UBS cannot arbitrate with Nasdaq over Facebook IPO: court

A divided U.S. appeals court on Friday rejected UBS AG's bid to compel Nasdaq OMX Group Inc to arbitrate a dispute over how the exchange operator handled Facebook Inc's May 2012 initial public offering. ...

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Exxon posts surprise profit jump on refining

ExxonMobil Corp. profits rose 3 percent in the third quarter as strong refining performance offset lower revenues from falling oil prices and production. The company said Friday it earned $8.07 billion ...

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Starbucks Americas sales disappoint on softer traffic

The U.S.-dominated Americas region contributes the majority of Starbucks revenue. "We grew traffic, but it was at a bit of slower clip," Troy Alstead, Starbucks' chief operating officer, told Reuters. Free coffee giveaways and other battles for breakfast customers were not to blame for Starbucks' traffic deceleration, Chief Executive Officer Howard Schultz said on a call with analysts. "This is not a Starbucks issue.

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GoPro sees strong holiday quarter sales; shares jump

GoPro's shares, which went public in June, shot up 14 percent in extended trading on Thursday after the company also reported strong third-quarter results. YouTube videos such as "Run Walter, RUN!!", "Waltz On The Walls of City Hall" and "Golf Trick Shot" have gone viral, helping GoPro's cameras gain popularity beyond sports and outdoor enthusiasts. "The social media side of the business had great metrics, with YouTube content up 92 percent year-over-year (in the third quarter) and YouTube views up 99 percent," Wedbush Securities analyst Michael Pachter told Reuters. "We anticipate particular strength in our direct channel both with our big box and midmarket customers," Chief Financial Officer Jack Lazar said on a conference call.

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Stocks charge toward new highs after Bank of Japan's 'QE'

For just the 16th time in 114 years the Dow is set to reverse from 6% down to back in the black in one month.

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U.S. third-quarter wage gains largest since 2008

The Employment Cost Index, the broadest measure of labor costs, increased 0.7 percent after advancing by the same margin Wages and salaries, which account for 70 percent of employment costs, rose 0.8 percent in the third quarter, the largest increase since the second quarter of 2008. Federal Reserve officials view the ECI as one of the better measures of labor market slack. In the 12 months through September, labor costs increased 2.2 percent, the largest increase since the second quarter of

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Chevron quarterly profit jumps 13 percent

Chevron Corp said on Friday its quarterly profit rose 13 percent as lower crude oil prices boosted its refinery operations, helping to offset sagging results in its oil and gas production. The company ...

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Citi revises Q3 net lower by $600M amid legal woes

The third-biggest U.S. bank by assets downwardly revised its third-quarter earnings, citing 'rapidly-evolving regulatory inquiries and investigations.'

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U.S. consumer spending weakest in eight months, savings jump

The Commerce Department said on Friday consumer spending declined 0.2 percent last month as demand for goods tumbled and Economists polled by Reuters had expected consumer spending, which accounts for more than two-thirds of U.S. When adjusted for inflation, consumer spending fell 0.2 percent. The softer consumer spending at the end of the third quarter could add to expectations of slower growth in the final three months of the year.

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Wal-Mart to close 30 underperforming stores in Japan, take charge

Wal-Mart said the 30 stores operate under the Seiyu brand, and the closure is part of a revamp that will include remodels and other investments. The closures represent 7 percent of Wal-Mart's 434 stores in Japan. Wal-Mart first invested in Seiyu in 2002 and took full control of the company in 2008 with the aim of employing its low-cost model to win share from entrenched rivals like Aeon Co and Seven & i Holdings Co (3382.T). Walmart spokesman Randy Hargrove said that overall the company's Japan operations were performing well, with sales and profits expected to grow for a sixth consecutive year in 2014.

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Live: Japan charges stocks; Starbucks to offer delivery service

Join Hot Stock Minute live now for the latest premarket headlines.

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Exxon quarterly profit rises 3 percent on refining

Exxon Mobil Corp , the world's largest publicly traded oil company, on Friday reported a 3 percent increase in quarterly profit on higher results in its refining and chemicals businesses. Profit in the ...

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Argentina default spreads to Par bonds, raising acceleration risk

BUENOS AIRES/NEW YORK (Reuters) - Argentina's debt default spread to its Par bonds on Friday after the country failed to complete an interest payment, raising the risk that creditors could demand that its cash-strapped government immediately repay all of its debt. Argentina had already defaulted in July on its Discount notes, but holders of the Par bonds are more likely to claim the accelerated payment of the principal because they are trading at a steeper discount to their original value. An acceleration could leave Argentina facing claims of up to $30 billion, more than it holds in foreign reserves. "We were asked in very theoretical terms what our thoughts were on acceleration," said one source.

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Is Inequality Really the Problem We Think It Is?

It’s difficult for many to stomach the fact that an enormous share of income in the United States goes to a very small portion of the population, while the majority of the population is left to share, by some measures, less than half of the nation’s wealth.

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Futures rally after BOJ ramps up stimulus

U.S. stock index futures rallied on Friday after the Bank of Japan significantly ramped up its stimulus program just days after the U.S. Federal Reserve wound down its own package of economic incentives. ...