Chiefs owner ‘deeply disturbed’ by Tyreek Hill allegations

Chiefs owner Clark Hunt said he was “deeply disturbed” by audio of Tyreek Hill discussing injuries to his 3-year-old son but declined to elaborate on the case citing an ongoing criminal investigation. The most visible face of the Chiefs’ ownership family, Hunt spoke briefly with reporters Saturday while the team was holding its annual draft… Continue reading Chiefs owner ‘deeply disturbed’ by Tyreek Hill allegations

If You Think BP's 5.4% Dividend Yield Is Enticing, You Should Check Out Its MLP

Oil giant BP (NYSE: BP) is among the dividend leaders in the oil patch. The company's stock currently yields well above average at 5.4%. However, as appealing as that payout might be, the company offers income-seekers an even more enticing option: its master limited partnership (MLP) BP Midstream Partners (NYSE: BPMP). BP's MLP offers not… Continue reading If You Think BP's 5.4% Dividend Yield Is Enticing, You Should Check Out Its MLP

Is Albemarle a Buy?

Albemarle (NYSE: ALB) is probably best known today as a lithium stock. The problem is that the lithium hype got a little overheated in 2017. In fact, the stock is now down roughly 40% from its late 2017 highs driven largely by investors' shifting opinion of the industrial metal's long-term appeal. However, for anyone who… Continue reading Is Albemarle a Buy?

Bill Gross’s Successor Says Traders Are Making a Mistake on Fed Cuts

In this article Nick Maroutsos, who recently succeeded legendary bond investor Bill Gross at Janus Henderson Group Plc, says traders who’ve piled into wagers that the Federal Reserve will cut interest rates this year should be more patient. Markets see the central bank lowering its benchmark rate by January, according to prices for fed funds… Continue reading Bill Gross’s Successor Says Traders Are Making a Mistake on Fed Cuts

Hot first-quarter economic growth number challenges Fed as it meets next week

When the Fed pivoted in January, it predicated it’s policy ‘pause’ on uncertainty about the economic outlook and financial conditions, but both seem to have improved dramatically since then with stronger than expected first quarter growth and stocks near all-time highs. Market pros say the debate within the Fed might heat up, even though Fed… Continue reading Hot first-quarter economic growth number challenges Fed as it meets next week

Ride-hailing giant Uber cuts IPO valuation target

Uber, Lyft under pressure to show investors profits Deke Digital Chairman Dave Maney on the potential impact on fares from the Lyft and Uber IPOs and the future of self-driving cars. Ride-hailing company Uber, which is expected to begin selling shares publicly within days, has lowered its valuation target to a range of $80 billion to… Continue reading Ride-hailing giant Uber cuts IPO valuation target

Britain's Hammond says optimistic will find common ground with Labour

BEIJING, April 26 (Reuters) – British finance minister Philip Hammond said on Friday that he had a “very constructive meeting” with his counterpart in the opposition Labour Party before leaving for Beijing and that he was optimistic about finding common ground. Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative… Continue reading Britain's Hammond says optimistic will find common ground with Labour

Dollar dips ahead of U.S. GDP print, shares subdued

LONDON (Reuters) – The dollar retreated from 23-month highs on Friday ahead of keenly awaited U.S. gross domestic product data for the first quarter, while global shares were on track for a fifth weekly gain in a row despite subdued trade. The dollar index, which measures the greenback against a basket of peers, was down… Continue reading Dollar dips ahead of U.S. GDP print, shares subdued

Patterson-UTI Energy (PTEN) Q1 2019 Earnings Call Transcript

Patterson-UTI Energy (NASDAQ: PTEN) Q1 2019 Earnings CallApril 25, 2019 10:00 a.m. ET Contents: Continue Reading Below Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning, my name is Melissa, and I will be your conference operator today. At this time, I would like to welcome everyone to the Patterson-UTI Energy first-quarter… Continue reading Patterson-UTI Energy (PTEN) Q1 2019 Earnings Call Transcript

Stocks making the biggest moves after hours: Amazon, Ford, Intel & more

Check out the companies making headlines after the bell: Shares of Amazon initially jumped 2% in extended trading Thursday before giving up those gains following the release of the e-commerce giant’s strong first-quarter earnings. Jeff Bezos’ company reported earnings per share of $7.09 on revenue of $59.70 billion. Wall Street expected earnings per share of… Continue reading Stocks making the biggest moves after hours: Amazon, Ford, Intel & more

Asian Stocks Set for Mixed Open; Dollar Steadies: Markets Wrap

In this article Asian stocks were set for a muted start to Friday after mixed messages from U.S. benchmarks as earnings season continued. The dollar steadied around a four-month high. Futures were little changed in Hong Kong and Australia, though pointed lower in Japan. While the tech-heavy Nasdaq 100 reached a record following strong results… Continue reading Asian Stocks Set for Mixed Open; Dollar Steadies: Markets Wrap

This Red-Hot Oil Stock Delivered Surprisingly Good Numbers in Q1

Hess (NYSE: HES) has been one of the hottest stocks in the oil patch this year. Shares of the independent exploration and production company have rocketed nearly 65% so far in 2019, fueled by a big bounce-back in oil prices and its strong fourth-quarter results. The oil company should be able to maintain that momentum… Continue reading This Red-Hot Oil Stock Delivered Surprisingly Good Numbers in Q1

Buffett Preps Berkshire Investors for Soaring Stock Buybacks

In this article Warren Buffett’s Berkshire Hathaway Inc. started snapping up its own stock last year after loosening the company’s buyback policy. Now the billionaire investor is signaling a lot more to come. After $1.3 billion in repurchases during 2018, the eventual total could soar to as high as $100 billion, Buffett said in a… Continue reading Buffett Preps Berkshire Investors for Soaring Stock Buybacks

CapStar Financial Holdings, Inc. (CSTR) Q1 2019 Earnings Call Transcript

Capstar Financial Holdings, Inc. (NASDAQ: CSTR) Q1 2019 Earnings CallApril 24, 2019 6:00 p.m. ET Contents: Continue Reading Below Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good evening, ladies and gentlemen, and welcome to CapStar Financial Holdings first-quarter 2019 earnings conference call. Hosting the call today from CapStar are Ms. Claire Tucker,… Continue reading CapStar Financial Holdings, Inc. (CSTR) Q1 2019 Earnings Call Transcript

U.S. Jobless Claims Rise Most Since 2017, Topping Estimates

Filings for U.S. unemployment benefits rose the most since late 2017, while still remaining in the range of what’s considered a tight labor market. Jobless claims rose 37,000 to 230,000 in the week ended April 20, according to Labor Department figures Thursday that matched the highest estimate in Bloomberg’s survey. The four-week average, a less-volatile… Continue reading U.S. Jobless Claims Rise Most Since 2017, Topping Estimates

Microsoft briefly tops $1 trillion market cap after earnings boost

Amazon, Microsoft are two tech bellwethers to watch: Daniel Ives Wedbush managing director Daniel Ives and Axios markets editor Dion Rabouin discuss the upcoming release of big tech earnings and what companies investors should be focused on. Microsoft Corp. on Wednesday briefly surpassed $1 trillion in valuation for the first time, boosted by better-than-expected earnings… Continue reading Microsoft briefly tops $1 trillion market cap after earnings boost

California roads not designed to handle wildfire evacuations

In this April 15, 2019 photo, Glendale, Calif., resident James Ward, 62, pauses for photos on a hilltop overlooking the Chevy Chase Canyon neighborhood of Glendale, Calif. The city has identified the community of 1600 homes as a potential brush fire zone. There are only two-lane roads that run through the canyon with single access… Continue reading California roads not designed to handle wildfire evacuations

European markets slightly lower amid earnings; Nokia shares tank 10%

The pan-European Stoxx 600 was down around 0.3% during early morning deals, with most sectors and major bourses in negative territory. Nokia reported a surprise quarterly loss on Thursday, citing tough competition in its core networks business. Shares of the Finnish telecom network equipment maker tumbled more than 10% on the news. Japanese Prime Minister… Continue reading European markets slightly lower amid earnings; Nokia shares tank 10%

Citrix Systems Inc (CTXS) Q1 2019 Earnings Call Transcript

Citrix Systems Inc (NASDAQ: CTXS)Q1 2019 Earnings CallApril 24, 2019, 4:45 p.m. ET Contents: Continue Reading Below Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon. My name is Chantelle, and I will be your conference operator today. At this time, I would like to welcome everyone to the Citrix Systems First… Continue reading Citrix Systems Inc (CTXS) Q1 2019 Earnings Call Transcript

5 Top Gainers In Healthcare Sector (QHC, MTP, SNSS…)

The following are some of today’s top gainers in the pharma/biotech sector. 1. Quorum Health Corporation (QHC) Quorum Health is a provider of hospital and outpatient healthcare services in its markets across the United States. Gained 22.31% to close Wednesday’s (Apr.24) trading at $1.59. News: No news Recent events: — On April 15, 2019, the… Continue reading 5 Top Gainers In Healthcare Sector (QHC, MTP, SNSS…)

Five-Year Note Auction Attracts Slightly Above Average Demand

Following yesterday’s auction of $40 billion worth of two-year notes, the Treasury Department sold $41 billion worth of five-year notes on Wednesday, attracting slightly above average demand. The five-year note auction drew a high yield of 2.315 percent and a bid-to-cover ratio of 2.44. Last month, the Treasury also sold $41 billion worth of five-year… Continue reading Five-Year Note Auction Attracts Slightly Above Average Demand

Chipotle’s Sales Accelerate, But Wall Street’s Hungry for More

Chipotle Mexican Grill Inc. posted same-store sales acceleration for a fifth consecutive quarter — but higher costs related to wages, delivery and advertising represent a challenge for the burrito chain. The Mexican restaurant chain reported comparable sales growth of 9.9 percent last quarter, beating the estimate for a 7.3 percent increase from Consensus Metrix. Key… Continue reading Chipotle’s Sales Accelerate, But Wall Street’s Hungry for More

Bank of England to refrain from rate hike until August 2020: NIESR

LONDON (Reuters) – The Bank of England is likely to keep interest rates on hold until August 2020 because of a slower global economy and prolonged uncertainty about Brexit, a leading think tank said on Thursday. The National Institute of Economic and Social Research pushed back by a year its previous forecast of a BoE… Continue reading Bank of England to refrain from rate hike until August 2020: NIESR

Facebook warns of potential $5 billion FTC fine

Facebook shares jump after reporting Q1 earnings FBN’s Susan Li reports on Facebook’s first-quarter earnings. Facebook warned it could have to pay out fines of up to $5 billion to settle a Federal Trade Commission inquiry into its data privacy practices. The matter “remains unsolved” and timing of the conclusion is unclear and the fine could range from… Continue reading Facebook warns of potential $5 billion FTC fine