The Obama Administration first proposed a fiduciary rule to protect retirement savers from conflicted advice back in 2010, and now seven years later, a revised fiduciary rule issued last April is finally getting close to implementation. But not without a fight. “You need a scorecard to figure out what’s going on here,” says Erin Sweeney, an employee benefits lawyer with Miller....More>>>
At first glance, meal-kit delivery service Blue Apron (NYSE: APRN) seems to possess all the ingredients of a Wall Street darling: an extraordinary revenue growth story (133% year-over-year growth in 2016), a new take on a staple of daily life that blends a tangible product with technology, and a product that addresses multiple macro trends. The companys prospectus highlighted all of these trends:....More>>>
Did you miss “Mad Money” on CNBC? If so, here are some of Jim Cramer’s top takeaways.
When it comes to personal electronics, market darling Fitbit (FIT) has clearly lost its mojo, while navigation giant Garmin (GRMN) has made a miraculous turnaround.
Cramer said even he fell for the hype when Fitbit first debuted in June 2015. The company was supposed to be more....More>>>
Stocks are heading higher today after European Central Bank chief Mario Draghi called for coordinated central bank action to stabilize global markets in the wake of the Brexit vote.
S&P 500 futures have gained 1.2%, while Dow Jones Industrial Average futures have risen 1.2%. Nasdaq Composite futures have advanced 1.2%.
Allergan (AGN) has climbed 2%....More>>>
In a note released on Friday, KBW’s Meyer Shields and Christopher Campbell try to estimate the damage that the Brexit selloff has done to the book value of Warren Buffett’s Berkshire Hathaway (BRK.A):
Britain voted to exit the European Union driving markets significantly lower, with the Nikkei (-7.9%), DAX (-7.2%), CAC (-8.7%), FTSE 100 (-4.2%), and S&P....More>>>
U.S. stocks finished lower on Tuesday, giving back some of the previous days advance as worries about a lackluster spate of earnings and a slip in a reading of consumer confidence weighed on market sentiment.
A drop in the price of oil below $50 a barrel, lingering uncertainty about the U.S. presidential election and growing expectations of a rate increase by the Federal Reserve, also contributed....More>>>
What a difference one word makes. Cowen’s Doug Creutz and Stephen Glagola could have said that it’s not time to panic after Viacom (VIAB) said its negotiations with Dish Network (DISH) have been going nowhere. Instead, they inserted the word “necessarily,” changing the complexion of things. They explain:
Viacom shares are down several percent....More>>>
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