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At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.



Published: Sat, 16 Dec 2017 14:17:22 -0500

Copyright: Copyright (c) 2017 Yahoo! Inc. All rights reserved
 



‘A Trillion-Dollar Blunder’: Michael Bloomberg’s Blistering Assault on the GOP Tax Bill

Fri, 15 Dec 2017 14:40:15 -0500

(image) Writing at his eponymous website, billionaire Michael Bloomberg had some harsh words for the Republican tax bill Friday. “CEOs aren't waiting on a tax cut to ‘jump-start the economy’ -- a favorite phrase of politicians who have never run a company -- or to hand out raises. It's pure fantasy to think that the tax bill will lead to significantly higher wages and growth, as Republicans have promised.



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Philip Morris International Inc (NYSE:PM): Dividend Is Coming In 3 Days, Should You Buy?

Sat, 16 Dec 2017 10:25:13 -0500

(image) Shares of Philip Morris International Inc (NYSE:PM) will begin trading ex-dividend in 3 days. To qualify for the dividend check of $1.07 per share, investors must have owned the sharesRead More...



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Metlife says it failed to pay some pensions, flags hit to reserves

Sat, 16 Dec 2017 09:36:19 -0500

(image) Metlife Inc failed to pay pensions to potentially tens of thousands of people and will have to strengthen its reserves because of the costs of finding and repaying them, the New York insurer said. Metlife said in a filing on Friday that it believed the group missing out on the payments represented less than 5 percent of about 600,000 people who receive benefits from the company via its retirement business. When taken, however, the increase to reserves could be material to Metlife's financial results.





Star Wars Haters: Why Some Fans No Longer Feel the Force

Fri, 15 Dec 2017 14:47:46 -0500

(image) It’s been 40 years since the original Star Wars film was released and fans can look forward to a regular supply of new films and merchandise in the coming years. But, with the release of “Star Wars: The Last Jedi,” a small band of rebels—who loved the early films—just can’t take it anymore. WSJ’s Mark Kelly reports.



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Omarosa Just Left the White House. Here's What She Was Doing - And How Much Money She Made

Thu, 14 Dec 2017 18:10:23 -0500

(image) The former reality star earned the White House's top salary.





Denver shuts down 26 legal pot businesses, makes arrests

Thu, 14 Dec 2017 21:36:07 -0500

(image) DENVER (AP) — Denver authorities shut down 26 legal marijuana businesses Thursday and arrested 12 people suspected of illegal distribution of pot after a yearlong criminal investigation.



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5 hard lessons I learned about insurance after my carry-on bag was stolen

Fri, 15 Dec 2017 10:17:59 -0500

(image) Last Christmas, my carry-on bag was stolen during a trip from New York to San Francisco. I’d last seen it on the plane, but it disappeared somewhere between the aircraft and the car at the airport. A few days later, the phone inside the bag turned up in the Philippines. You can read about that story here. The rest of my bag — computer, wallet, sunglasses, jewelry, medicine, silver ornaments — was never seen again, at least by me.



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If you buy the $500 Xbox One X by the end of the year, you'll get a free copy of 2017's best game

Fri, 15 Dec 2017 16:23:21 -0500

(image) The game is already off to a huge start, with over 1 million people playing the game in the first 48 hours it was available. In celebration of its launch, Microsoft is giving away copies of the game to anyone who buys the new Xbox One X console. The game is already off to a strong start: Over 1 million people played the game in the first 48 hours of availability.



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Here's when Trump's new tax plan will take effect if it passes

Fri, 15 Dec 2017 17:51:00 -0500

(image) Senate and House Republicans reached an agreement on their final tax bill on Wednesday. If President Donald Trump signs it before the end of the year, the new tax plan will take effect on January 1, 2018. Americans won't see the change to their tax returns until spring 2019 — when they file taxes for 2018.



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New York's wealthiest are threatening a mass exodus because of the GOP tax plan

Fri, 15 Dec 2017 16:37:00 -0500

(image) Wall Street tax expert Robert Willens, president of Robert Willens LLC, has never heard more discussion from wealthy New Yorkers about relocating to another state with a more favorable tax environment until now because of the GOP tax plan.



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The Average American’s Credit Score Is Good -- But Not Great

Fri, 15 Dec 2017 10:59:00 -0500

(image) If you're like the typical U.S. adult, your credit score could probably use some work. Here's how to bring up that number.



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Las Vegas Strip News: Steve Wynn Acquires Another Big Plot of Land

Fri, 15 Dec 2017 07:17:00 -0500

(image) Wynn Resorts could have its sights set on another megaresort after buying 38 acres of land on the north side of the Las Vegas Strip.



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The FCC repealed net neutrality — and cable companies fell (CMCSA, TMUS, TWX, S, VZ, CHTR)

Thu, 14 Dec 2017 16:56:00 -0500

(image) The Federal Communications Commission voted to repeal net neutrality rules on Thursday. Many of the major telecom companies were down after the vote. The Federal Communications Commission, chaired by Ajit Pai, voted to reclassify the internet as a Class I utility, turning over so-called net neutrality regulations put in place in 2015.



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Rite Aid Corporation Stock Is Finally on the Road to Recovery

Fri, 15 Dec 2017 12:00:42 -0500

(image) Rite Aid Corporation (NYSE:RAD) has a new lease on life. Now that the sale of stores to Walgreens Boots Alliance Inc (NASDAQ:WBA) has begun, Rite Aid has the cash flow it needs to reduce a crushing debt burden and RAD stock has bounced off its lows as a result. The only thing left to decide is if Rite Aid will have a second act as a regional drug store or if it destined to sell itself off.





Why SpaceX's Latest Launch Is So Significant

Fri, 15 Dec 2017 17:58:17 -0500

(image) Dec.15 -- Techonomy CEO David Kirkpatrick and Bloomberg Businessweek's Max Chafkin discuss the significance of SpaceX's latest rocket launch with Bloomberg's Emily Chang on "Bloomberg Technology."



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Valeant Pharmaceuticals Intl Inc (VRX) Bear Boosts Price Target Amid Solid Turnaround Efforts

Fri, 15 Dec 2017 09:48:07 -0500

(image) Valeant Pharmaceuticals Intl Inc (NYSE:VRX) almost shook off a bear from its tail amid some impressive turnaround efforts to "deftly" refinance debt. Mizuho analyst Irina Rivkind Koffler all the same does look for a "negative" reaction to the comeback stock of the Street in terms of the 2018 guide and underscores fears of a dilutive financing event, especially considering the latest rally.



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CSX shares tumble after CEO's medical leave

Fri, 15 Dec 2017 08:02:52 -0500

(image) (Reuters) - CSX Corp's shares tumbled on Friday in premarket trading after the No. 3 U.S. railroad said Chief Executive Hunter Harrison was taking medical leave for unexpected complications from a recent unspecified illness.





Warren Buffett's 10 Largest Current Stock Bets

Fri, 15 Dec 2017 10:00:00 -0500

(image) There are more than 40 stocks in Berkshire Hathaway's stock portfolio, but some holdings are much larger than others.



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10 Highest-Yielding Dividend Stocks: Are Any Worth Buying

Fri, 15 Dec 2017 17:33:00 -0500

(image) These companies offer the fat payouts income investors love, but all too often, extra-high yields are a danger signal.



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Marco Rubio to vote against GOP tax reform bill

Thu, 14 Dec 2017 19:24:14 -0500

(image) Former special assistant to President Trump Marc Lotter, Washington Examiner’s Emily Jashinsky and District Media Group president Beverly Hallberg discuss how Sen. Marco Rubio (R-Fla.) objection to the child-tax credit amount will impact the GOP tax reform bill.



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When Investors Should Start Buying General Electric Company Stock

Fri, 15 Dec 2017 12:33:57 -0500

(image) The industrial giant still has cash flow issues, although leadership is taking command behind new CEO John Flannery. All the while, the GE stock price continues to flounder. What Do We Make of GE Stock?



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What to Expect From Seadrill Ltd in 2018

Sat, 16 Dec 2017 10:46:00 -0500

(image) The offshore drilling giant should emerge from bankruptcy in 2018. Though it's best avoided now, it could be a compelling investment when it does come out the other side.



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7 of the Best Blue-Chip Stocks to Buy for 2018

Fri, 15 Dec 2017 13:26:18 -0500

(image) The best blue-chip stocks to buy for 2018 can anchor your portfolio and give you some peace of mind. After a nine-year rally, investors can protect their downside potential by buying large, diversified, quality businesses with long track records of excellence, world-renowned brands, and a willingness to pay dividends. Apple is a must-own in most diversified portfolios and is extremely well-positioned to be the world's first $1 trillion company.





Here's Why Under Armour Inc Stock Surged Almost 12% Today

Fri, 15 Dec 2017 14:45:00 -0500

(image) One Wall Street analyst thinks the worst is over for the athletic apparel and footwear company. Keep reading for deeper insight.



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Here’s What You Need to Know After Micron Technology, Inc. Stock’s Turbulent Month

Fri, 15 Dec 2017 11:27:04 -0500

(image) At the end of October, I warned that Micron stock is ripe for profit-taking. MU stock had one more pop left in store for it in November, but shares then dropped 20% following the Thanksgiving holiday. Interestingly, given the huge moves, you’d expect some big Micron Technology news to be breaking.





Some Serious Math Problems for the GOP Tax Plan

Thu, 14 Dec 2017 16:10:25 -0500

(image) A day after saying they had a deal on a final tax bill, House and Senate Republicans leaders were still scrambling Thursday to resolve some math problems complicating their rush to unveil the legislation on Friday and set up votes for next week. One Big Question: How to Pay for All the Tax Cuts? The tax writers have been moving rates higher and lower in an effort to meet the demands from within their party while staying below the $1.5 trillion cost limit set by the Senate.



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George Soros’ 7 Best Stock Picks of 2017

Fri, 15 Dec 2017 13:10:44 -0500

(image) Sometimes identifying the best stocks to buy can be difficult, but you could do a lot worse than check out the stocks selected by one of the world’s wealthiest hedge fund managers — George Soros. Self-made Soros fled Hungary and funded his way through an economics degree by working as a railway porter and waiter. Years of successful investing gave him a net worth of $25.2 billion and the no. 1 ranking on Forbes’ hedge fund manager rich list.



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California issues 1st licenses for legal pot market

Fri, 15 Dec 2017 08:34:47 -0500

(image) California's legal marijuana market is finally, fitfully, taking shape. The state on Thursday issued the first batch of business licenses to sell and transport recreational-use pot, just 18 days before ...



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Huge tax bill heads for passage as GOP senators fall in line

Fri, 15 Dec 2017 19:56:16 -0500

(image) After weeks of quarrels, qualms and then eleventh-hour horse-trading, Republicans revealed the details of their huge national tax rewrite late Friday — along with announcements of support that all but ...



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The tax cut for Americans who earn over $1 million a year has more than tripled since the House first introduced their tax plan

Thu, 14 Dec 2017 14:19:00 -0500

(image) Republican are getting closer to passing their massive tax reform plan. Since it's now being reported that the top individual tax bracket would drop to 37%, we updated our analysis to compare the differences among the current system, the House's plan, the Senate's version, and the conference committee's version.



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Portugal hints at what the American internet could eventually look like without net neutrality

Thu, 14 Dec 2017 14:56:00 -0500

(image) The Federal Communications Commission has officially voted to ditch net neutrality, which requires internet providers to treat all data online equally. A Portuguese internet provider hints at what the American internet could eventually look like. On Thursday, the US Federal Communications Commission officially voted to roll back Obama-era rules governing net neutrality.



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RBC: Nvidia's crypto boom isn't dead, it's just getting started (NVDA)

Fri, 15 Dec 2017 11:58:00 -0500

(image) Some have argued that the boost Nvidia has seen from cryptocurrency mining is over, but one analyst thinks differently. Alt-coins have been exploding in value and could provide another big boost to Nvidia's bottom line. Some analysts have already called for the end of the crypto boom for Nvidia, but Mitch Steves, an analyst at RBC Capital Markets, thinks differently.



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Sessions Says Bias Concerns About FBI Are Being Taken Seriously

Fri, 15 Dec 2017 15:39:04 -0500

(image) Attorney General Jeff Sessions said he’s concerned about allegations of bias within the FBI and will do more to monitor the behavior of employees.



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U.S. labor board overturns Obama-era 'joint employment' ruling

Thu, 14 Dec 2017 20:48:05 -0500

(image) A U.S. labor board on Thursday overturned an Obama-era ruling that had made it easier for unions and workers to hold companies accountable for practices of contractors and franchisees, a decision welcomed by business groups that could affect a major case against McDonald's Corp . The 3-2 decision by the National Labor Relations Board reversed the standard it had set in a 2015 case involving Browning-Ferris Industries Inc. It reinstated a previous test that says companies are "joint employers" only when they exercise direct control over workers.