Fueled by high consumer confidence and a robust job market, U.S. retail sales in the holiday period rose at their best pace since 2011, according to Mastercard SpendingPulse, which tracks both online and in-store spending. Continue Reading Below Sales, excluding automobiles, rose 4.9% from Nov. 1 through Christmas Eve, compared […]
FOX Business News
Bitcoin rises 10 percent, recovers from last week’s brutal selloff
Bitcoin extended its recovery in holiday-thinned trading on Tuesday, rising 10 percent to be up more than a third from last week’s lows of below $12,000. Continue Reading Below Bitcoin, the world’s biggest and best-known cryptocurrency, fell nearly 30 percent at one stage on Friday to $11,159.93 and, despite a […]
JetBlue plane slides off taxiway at Boston’s Logan Airport
BOSTON – Airline officials say a JetBlue Airways plane slid off of the taxiway at Boston’s Logan Airport. Continue Reading Below Officials say JetBlue Flight 50 from Savannah, Georgia, briefly skidded when it landed around 7:15 p.m. Monday. Firefighters helped passengers off of the plane and they were bused to […]
Oil near June 2015 high as production cuts tighten market
Oil prices were stable on Tuesday, with Brent crude lingering near 2015 highs on the back of an outlook for healthy demand amid ongoing production cuts led by OPEC and Russia. Continue Reading Below U.S. West Texas Intermediate (WTI) crude futures were at $58.50 a barrel at 0754 GMT, up […]
You’ll Lose Some of Your Retirement Income to the IRS — Here’s How Much
Ugh, taxes. It’d be nice if you could leave them behind along with your job when you retire, but that’s not in the cards. Even after you quit working, the IRS will insist on taking its cut of your taxable income. And if you fail to budget for taxes, your […]
Can Discovery Stock Keep Going After Last Week’s 14% Pop?
One of last week’s biggest winners was Discovery Communications (NASDAQ: DISCA) (NASDAQ: DISCK), as its two classes of shares moved nearly 14% higher following an analyst upgrade. Jessica Reif Cohen at BofA/Merrill is boosting her rating on the cable network giant from neutral to buy. Continue Reading Below Cohen feels […]
Disney Will Soon Have 3 Ways to Compete With Netflix
The Walt Disney Company (NYSE: DIS) announced earlier this year that it would not be renewing its deal with Netflix, Inc. (NASDAQ: NFLX). The agreement, which brought films from the Marvel, Pixar, Lucasfilm, and Disney studios to the streaming giant would be allowed to expire in 2019. This coincides with […]
Where Will Check Point Software Technologies Be in 5 Years?
Plenty of things could happen to Check Point Software (NASDAQ: CHKP) over the next five years. But assuming co-founder and CEO Gil Shwed remains in charge and there are no other major changes, the IT security firm will likely stay on a similar course to the one it has charted […]
Apple Inc. Rumored to Cut iPhone Prices in Early 2018
In a recent report, DigiTimes claimed that pre-orders for Apple‘s (NASDAQ: AAPL) latest iPhone X smartphone was falling short of expectations in some regions, such as the U.S., Singapore, and Taiwan. Continue Reading Below Thanks to the “weak performance” of the iPhone X, DigiTimes says, Apple is reportedly prepping three […]
Will 2018 Be Twitter’s Best Year Yet?
Wall Street is getting optimistic about Twitter (NYSE: TWTR) heading into the new year. Recent analyst upgrades pushed the stock to a new 52-week high, and its 50% price gain in 2017 isn’t far from Facebook‘s (NASDAQ: FB) year-to-date return. Continue Reading Below Twitter is posting far weaker operating trends […]