It’s not surprising that after an eight-year bull market, some are saying value investing is dead. With the cyclically adjusted P/E ratio of the S&P running at a red-hot 31, finding a value stock can indeed be tough. And to assign a “value” label to a stock in today’s market, […]
FAN Editor
Trump to end Obamacare subsidies that help low-income Americans
The White House announced Thursday night that the administration will slash Obamacare subsidy payments to insurers. The “cost-sharing reduction payments,” worth an estimated $7 billion this year, are intended to reduce out-of-pocket costs for low-income Americans on Obamacare. These subsidies are paid out in monthly installments and cutting them will […]
Allies press Catalan leader to declare full independence, ignore Madrid deadlines
People walk under a huge Catalan flag during Spain’s National Day in Barcelona. REUTERS/Gonzalo Fuentes October 13, 2017 By Isla Binnie and Paul Day MADRID (Reuters) – Catalan leader Carles Puigdemont came under pressure from one of his key allies on Friday to declare full independence and ignore a threat […]
South Africa’s Zuma ‘disappointed’ by court ruling over corruption charges
FILE PHOTO: South Africa’s President Jacob Zuma addresses an anti-crime meeting in Elsie’s River, Cape Town, South Africa May 30, 2017. Picture taken May 30, 2017. REUTERS/Mike Hutchings/File Photo October 13, 2017 JOHANNESBURG (Reuters) – South Africa’s President Jacob Zuma said on Friday he was “disappointed” by a Supreme Court […]
Nadal overcomes Dimitrov to make Shanghai Masters semi
Tennis – Shanghai Masters tennis tournament – Shanghai, China – October 13, 2017 – Rafael Nadal of Spain celebrates his win against Grigor Dimitrov of Bulgaria. REUTERS/Aly Song October 13, 2017 (Reuters) – World number one Rafa Nadal battled past Bulgarian Grigor Dimitrov 6-4 7-6(4) 6-3 and into the semi-finals […]
Bank of America earnings top Wall Street estimates, shares rise
Bank of America reported third-quarter results on Friday that beat Wall Street expectations despite a slowdown in its fixed-income trading business. Here’s how the company’s results fared against Wall Street expectations: EPS: 48 cents vs 45 cents forecast by Thomson Reuters Revenue: $22.079 billion vs $21.976 billion The company’s stock […]
Pickup trucks cost big bucks, but sales keep plowing ahead
At more than $47,000, the typical cost of a new pickup truck is enough to give most Americans sticker shock. But sales are heading for new heights this year, as more shoppers find trucks to be an attractive daily driver. Continue Reading Below Full-size trucks are poised to become the […]
Central Europe tackles issue of lower quality consumer goods
BRATISLAVA, Slovakia – European Union officials are meeting with Central European leaders to address concerns that their consumers are being sold inferior versions of food, detergents and cosmetics compared with those sold in Western Europe under the same labels. Continue Reading Below The summit in Bratislava, Slovakia, aims to bridge […]
Trump to target Iran nuclear deal, Revolutionary Guard in speech
President Donald Trump will outline a tougher U.S. strategy for countering Iran on Friday that will seek to strengthen the enforcement of what he considers a flawed nuclear deal and deny funding for Iran’s Islamic Revolutionary Guard Corps. Continue Reading Below “It is time for the entire world to join […]
Iraqi Kurds send reinforcements to disputed Kirkuk
Kurdish media says Iraq’s autonomous Kurdish region has sent 6,000 reinforcements to the disputed, oil-rich city of Kirkuk. Rudaw News, quoting Kurdish Vice President Korsat Rasul, says the reinforcements were sent to Kirkuk late Thursday in response to what it says are threats from Baghdad to attack the oil-rich city, […]