Wall Street

Verizon Tops AT&T for Wireless Licensee -- WSJ

Verizon Communications Inc. will buy Straight Path Communications Inc. for more than $3 billion, after beating rival AT&T Inc. in an unusually intense bidding war for the wireless-spectrum holder, according to people familiar with the matter.<p>Straight Path holds licenses to use high-frequency radio …

3.86% Yield To Retire On

PowerShares S&P 500 Dividend Low Volatility Portfolio ETF has a strong yield at 3.86%.<p>The expense ratio is the only drawback when looking at SPHD.<p>The …

U.S. stocks mixed on weak earnings and higher oil prices

NEW YORK — U.S. stock indexes were mostly lower Wednesday following weak first-quarter reports from consumer-focused companies including Priceline …

Retailers fading the U.S. store closing trend

Business Insider's Hayley Peterson posts a list of retailers that are going against the widespread trend of closing stores in the U.S. this …

Wall Street’s obscene spending confessions: From a $150k backyard golf course to a $100k ‘sin tax’

<i>"What's the point of having f--- you money if you never say f--- you?" – Bobby Axelrod (Damien Lewis) in the Showtime series "Billions"</i><p>F—you money is …

What you need to know on Wall Street today

<i>James Comey. Eric Thayer/Getty Images</i><p>Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.<p>President Donald Trump unexpectedly fired FBI Director James Comey on Tuesday. Not even Comey saw it coming. He reportedly found out, like many other people, via …

Little movement in US markets amidst political turmoil

Snapchat parent company stocks plummet after it reveals $2.2bn loss.<p>After the sudden firing of FBI director James Comey on Tuesday night (9 May) and …

Snap's reported Q1 revenue of $149.6M fell short of Wall Street's expectations of $158M

Retirement Strategy: I Can't Believe I Like A Retailer

Sometimes I even surprise myself!<p>I still hate retail stocks but there is one I am considering.<p>Some analysts are just too funny to ignore no matter …

Snap Inc. reports 36% increase in daily user growth, US$149.6 revenue jump - Article

Snap Reveals Struggles in Its First Earnings Report

Just two months into its life as a public company, Snap is struggling.<p>On Wednesday, the parent of the messaging app Snapchat reported earnings that missed Wall Street expectations in almost every regard. Not only did Snap record a $2.2 billion loss for the first quarter, its revenue was lighter …

Prepare for a New Supercycle of Innovation

Adverse events usually flow from a world financial crisis: unemployment, political turmoil and geopolitical reordering. We’ve seen these since the crash of 2008.<p>But there are benefits as well. Crashes are usually followed by massive economic reorganization, spectacular outbursts of innovation, the …

Snap is getting absolutely crushed after falling short of Wall Street’s expectations

Snap may have had a successful IPO, but that was pretty much wiped out after it reported its first-quarter earnings — where it completely whiffed on what Wall Street was expecting.<p>The company said it brought in $149.6 million in revenue in the first quarter this year. It also said it lost $2.31 per …

Fall in number of US listed companies goes beyond regulation

Debate grows over reasons for decrease and what can be done to arrest the slide<p>Regulation has played a role in shrinking the pool of US listed …

Snap Trips and Falls on Wall Street

<b>Today’s Stories</b><p>Tesla’s solar roof tiles go up for pre-order today<br>• SoftBank confirms it’s putting $5BN into Didi Chuxing, the ‘Uber of China’<br>• Snap is getting absolutely crushed after falling short of Wall Street’s expectations<p>Full Interview with Gayle L. Laakman<p><b>Credits</b><p><b>Written by:</b> Tito Hamze, John …

For Pandora, Premium Remains Key To Reaching Profitability

, Contributor<p>Traders on the floor of the New York Stock Exchange walk over insignia for Pandora Media Inc., the online-radio company, on its first day of trading as a public company on June 15, 2011 in New York City. (Photo by Spencer Platt/Getty Images)<p>Pandora released its Q1’17 earnings on May 8. …

Allergan posts loss as it writes down Teva holdings

(Reuters) - Botox-maker Allergan Plc (AGN.N) posted a first-quarter loss on Tuesday as it took a nearly $2 billion write-down on the value of its stake in Teva Pharmaceutical Industries (TEVA.TA), which has lost more than 40 percent of its value since last year.<p>Allergan sold its generics business …

Are U.S. Taxpayers Now on the Hook for Risky Wall Street Real Estate Backed Bonds?

I’m fairly certain very few of you have heard of broker price opinions, or BPOs, but it’s something I think we should all become aware of given the …

based private-equity firm

Omaha-based West Corp., a pioneer of the telemarketing industry and employer of 1,200 in the area, said late Tuesday it would be purchased by a …

ETP assets top $4T globally

Global ETPs saw net inflows of $37.94B in April, according to ETFGI, the 39th straight month of inflows, and pushing AUM past the $4T mark.<p>In the …

Wall Street downgrades Cisco because of its ‘struggling’ router business

BMO Capital Markets lowered its rating for Cisco to market perform from outperform, citing increasing competition for the company's network router …

Tracking The Parnassus Core Equity Fund - Q1 2017 Update

Including dividends, total return for the 1st quarter was 4.38% versus 6.06% for the S&P 500 and 3.87% for the Lipper Equity Income Fund Average.<p>The …

Wall Street steps into Crocs, kicks stock up

Shares of Crocs Inc surged over 17 per cent on Wednesday in their biggest leap in a year after the maker of colorful clogs posted quarterly results that suggest an effort to revive the once-popular brand may be gaining traction.<p>A refreshed product lineup as well as a marketing campaign featuring …

Stock Market News

(Reuters) - Canada's Valeant Pharmaceuticals International Inc (N:VRX) (TO:VRX) reported a first-quarter profit on Tuesday, compared with a year-ago …

Snap is trying to prove it can stay ahead of Facebook

Snapchat unveiled a few new features today, and at the time of publishing, Facebook had not yet copied them.<p>The ephemeral messaging app now lets users send messages for as long as they’d like (previously picture messages were limited to 10-second clips). Users can now also infinitely loop any …

Portfolio Of A Millennial: April Update

My dividend-focused portfolio rose by almost 3% in April.<p>Dividends paid were seven times the amount earned in 2016.<p>I sold my position in DOW and used …

Bats targets NYSE and Nasdaq end-of-day volume with new offering

| NEW YORK<p>No. 2 U.S. exchange operator Bats said on Monday it plans to offer a cheaper alternative to the closing auctions for New York Stock Exchange- and Nasdaq-listed securities, taking aim at one of the busiest and most-lucrative trading periods of the day.<p>Bats, owned by CBOE Holdings (CBOE.O), …

Nasdaq ekes out a gain; Dow and S&P falter

Investing.com – U.S. stocks closed mostly lower on Tuesday, after Federal Reserve officials signalled the possibility of faster rate hikes while …

Nevro Corp. Just Tumbled By As Much As 12% -- Here's Why

For a second straight quarter, Nevro's bottom-line results miss by a mile.<p><b>What happened</b><p>Shares of <b>Nevro</b> (NYSE:NVRO), a medical device developer and …

Wasserman Schultz Says That Obama Cashing In On Wall Street Speeches Is No One’s Business

For many voters, Congresswoman Debbie Wasserman Schultz, the former chair of the Democratic National Committee , is the embodiment of much that is …