Intel Corp. is scheduled to announce its second-quarter earnings after the market closes on Wednesday. Here’s what you need to know ahead of the chip maker’s results: … [Read more...]
Delta Beats Street 2Q Forecasts
DALLAS (AP) — Delta Air Lines' second-quarter profit nearly doubled, to $1.5 billion, as huge savings on fuel offset weak growth in revenue. The company predicted a record quarter when it next reports financial results, in October. … [Read more...]
Stocks Down After New York Stock Exchange Re-Opens
The Dow Jones Industrial Average took a triple digit hit today after trading on the New York Stock Exchange (NYSE) was halted for three and a half hours. … [Read more...]
Antony Jenkins to Step Down as Barclays Chief Executive
Barclays, the British bank, said on Wednesday that its chief executive, Antony Jenkins, was stepping down in a shake-up of its top leadership. Barclays is the latest European lender to replace its top executive this year, as banks look to adjust to a new environment of tighter regulatory scrutiny and to move beyond a series of legacy issues and investigations that have plagued … [Read more...]
How Bond Investors Stand to Lose When Interest Rates Rise
In a key scene in the movie “Wall Street,” when Charlie Sheen’s character is about to be arrested for securities fraud, the seasoned investment pro played by Hal Holbrook likens Sheen’s impending doom to a man “looking into the abyss.” Many bond investors may be looking into their own kind of abyss in the coming months and years, as current low yields rise. … [Read more...]
In Roth Versus Traditional IRAs, Timing Is Everything
This is a tale of two types of individual retirement accounts: Traditional IRAs and Roth IRAs. Regarding taxes, the two are direct opposites -- a critical difference that calls for fundamentally different strategies to use either to your best advantage. … [Read more...]
Takata CEO Issues Public Apology for Defective Airbags
For the first time since problems began to emerge with the company's airbags, the CEO of Takata Corp. apologized publicly today and then deeply bowed for the deaths and injuries linked to the defective airbags, which brought about the largest auto recall in U.S. history. … [Read more...]
How Taylor Swift Convinced Apple to Change Its Mind
With about a week until Apple Music launches, Taylor Swift is creating a new precedent with the biggest tech company in the world. Swift announced her decision on Sunday morning that she would initially withhold her album from Apple's new streaming service, writing on her Tumblr page that she found it "shocking, disappointing and completely unlike this historically progressive … [Read more...]