August, 2017

 

U.S. stock market ends turbulent August on a strong not…

U.S. stock indexes on Thursday closed out August in the green, extending a recent uptrend and clawing back from a midmonth slump as previously dormant markets showed signs of volatility reemerging. Relatively upbeat economic data and hope of tax reform has been part of the catalyst that has helped to offer a lift to equities and shake of geopolitical worries. The Dow Jones Industrial Average DJIA, +0.25% closed up 0.3% at 21,952, nearing the psychologically important level of 22,000, which it had hit mid August and marking its third straightRead More


South Carolina couple starts class action lawsuit again…

A lawsuit over defective solar eclipse glasses could cast a shadow over online retailer giant Amazon AMZN, +1.34% A South Carolina couple, Thomas Corey Payne and Kayla Harris, filed a proposed class action lawsuit against Amazon in federal court on Tuesday saying they experienced headaches and eye watering after using glasses they bought on Amazon to view the Aug. 21 total solar eclipse, Reuters reported. Days after using the glasses, they also experienced blurry and distorted vision, the lawsuit claimed. They are filing on behalf of others who are inRead More


Trump administration slashing budgets for Affordable Ca…

The Trump administration is cutting nearly $116 million from outreach programs and ads aimed at getting people signed for the Affordable Care Act during its upcoming open enrollment period, a move likely to cheer ACA opponents but inflame Democrats who fear the administration is undermining the health law. Health and Human Services officials will spend $10 million for a 45-day enrollment period, starting Nov. 1, on advertising such as emails, texts, radio ads and digital promotions, officials said Thursday. That is a 90% drop from about $100 million the ObamaRead More


Sir Philip Green sends legal warning to MP Frank Field …

Image copyright AFP Image caption Sir Philip Green reached an agreement with the Pensions Regulator in February Retail tycoon Sir Philip Green has deepened his long-running feud with Frank Field, threatening the MP with legal action. In a letter, Sir Philip told Mr Field he should read a missive from Sir Philip’s lawyers “very very carefully”. Sir Philip accused Mr Field of giving a “disgraceful” radio interview last week. The MP said in the interview he had new information about Sir Philip’s £363m BHS pensions settlement. “You seem intent onRead More


Bitcoin’s nearly five-fold climb in 2017 looks very sim…

When charted, bitcoin‘s rapid gains resemble how stocks surged into the tech bubble before collapsing. David Ader, chief macro strategist at Informa Financial Intelligence, matched a graph of the Nasdaq Telecommunications Index at its peak in 2000 to bitcoin’s five-year run to all-time highs. “This is the price chart for an overly frothy market, in my opinion. I just don’t see anything quite as comparable to this in bubblelicious terms,” said Ader, a former top-rated bond market strategist. Bitcoin climbed more than 3.7 percent Thursday to a record of $4,802.74,Read More


This may be the biggest financial mistake millennials a…

Millennials have redefined restlessness in the workplace. Fully 21% have changed jobs in the past year — triple the rate of previous generations. Less than half see themselves working at the same place a year from now. And on average, millennials can expect to have four different jobs by the time they are 32 years old. What are the personal implications for this generation of more than 75 million job-hoppers? The idea of a pension for long service with an employer seems unlikely. And as young people begin their workingRead More


THC Stock Price – Tenet Healthcare Corp. Stock Quote (U…

GOP health bill boosts hospital, health insurer and drug stocks Hospital system stocks rallied as much as 8% on Thursday following the release of the Senate GOP health bill, which appears to be more favorable to hospitals than the House of Representatives bill passed in early May. Tenet Healthcare Corporation shares jumped 8%, Community Health Systems Inc. shares skyrocketed 8.2%, HCA Healthcare Inc. shares rose 3.6% and Universal Health Services Inc. shares lifted 2.6% in midday trade, compared with a 1.6% rise in the Health Care Select Sector SPDR .Read More


Tenet Healthcare CEO Fetter to step down in March

Tenet Healthcare Corp. THC, -0.23% said late Thursday Chairman and Chief Executive Trevor Fetter will step down from his roles on March 15, 2018, or when a successor is appointed. Independent lead director Ronald A. Rittenmeyer will become executive chairman, effective immediately, and the board has hired Russell Reynolds Associates to conduct a search for a new CEO. Tenet also said it has started to “refresh the composition of its board,” with an eye for ensuring that the board “has the best mix of skills and experience to maximize theRead More


This Generation X author says baby boomers ruined Ameri…

Happy Thursday, MarketWatchers! Hope you’re all having great days. Here are the top personal finance stories of the day. Personal Finance Parents, step away from the fruit juice Kids receive no nutritional benefit from drinking fruit juice rather than eating whole fruit. Raising VC money made Gwyneth Paltrow feel ‘just like everyone else’ The actress-turned-CEO says she counts ‘e-commerce genius’ Marc Lore among her mentors. PayPal just announced it has a new cashback credit card. Should you use it? The card pays a healthy percentage, but also has a highRead More


Here’s how investors can profit from the debt ceiling d…

For market watchers, the government’s debt ceiling deadline is a ticking time bomb forcing some to rethink their portfolios. Concerns that an 11th-hour resolution will fail to materialize has drawn concerns of a government shutdown, and a potential loss of the U.S.’s gold-plated triple-A credit rating. Now with President Donald Trump warning at a rally in Arizona last week that he may be willing to let the federal government go dark if he does not get some policy demands, what was once considered a long shot has grown more likelyRead More