Transocean (RIG) has many problems, but management wasn’t supposed to be one of them. It could be now. Eddie Seal/Bloomberg News The offshore driller announced today that CEO Steven Newman, who has headed up Transocean for the past five years, would step down. The announcement came as Transocean also …
Category: Finance
U.S. agency fixes problem hampering Obamacare applications
A day before the open enrollment deadline for private health coverage under Obamacare, some consumers were unable to submit applications because of "intermittent issues" with income verification, the U.S. Health and Human Services Department said on Saturday. It said in a statement that it had worked with the …
Center Parcs Picks Banks For £2.5bn Listing
The owner of Center Parcs, one of the UK's biggest privately owned leisure companies, has hired investment banks to prepare a £2.5bn stock market listing. Sky News has learnt that Blackstone (NYSE: BX – news) , the company's owner, picked Bank of America Merrill Lynch and Morgan Stanley (Xetra: 885836 – …
3 Important Reasons Great Entrepreneurs Must be Great Salespeople
If you were asked to close your eyes and think of the top five traits that a successful entrepreneur should have, what would be on that list? Think about it. Does salesmanship make it onto the list? It should. Why? Because sales is present in almost every area of an …
2,100 Tuesday – S&P Tests Along with Nasdaq 5,000
Holy cow, look at those indexes go! ; With the NYSE finally above our Must Hold line at 11,000 – it may be time to give up on our bearish positions and just "go with the flow" BUT we still have S&P 1,100 and Nasdaq 5,000 to punch through and THEN we…
Average US rate on 30-year mortgage rises to 3.66 pct.
WASHINGTON (AP) — Average long-term U.S. mortgage rates rose slightly this week after four straight weeks of declines, while remaining near historically low levels.
Current Positions – January 30, 2014
Much like the way I ran my portfolio for most of 2014, I’m finishing the year without owning any stocks or ETFs. I’m short eight different puts and have a vertical spread using two different calls. I came into the year without wanting to own many stocks so I …
Don’t Change Tax Plans Based on Presidential Budgets
A reader writes in, asking: “I heard on the radio recently that Obama will be changing IRA rules so that Roth IRAs will require RMDs and so there will be a limit on IRA account size. Do you think this has a big effect on the decision of which …
Powell: Changes coming to target-date mutual funds – USA TODAY
Powell: Changes coming to target-date mutual fundsUSA TODAYThe more things change in the world of employer-sponsored retirement plans, the less they remain the same. And that's especially so when it comes to one of the most popular investment options in many 401(k) plans – the target-date …
Tax-Efficiency and Qualified Dividend Income Percentages
Dividend distributions from mutual funds and ETFs are either qualified or non-qualified, and the difference could have you paying double the taxes. Qualified dividends are taxed at the lower long-term capital gains rate, which varies from 0{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} to 20{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540}. Non-qualified dividends are taxed at ordinary income rates, …
The Wall Street Journal: Bill Gross invested more than $700 million in new Janus fund
Janus Capital Group Inc.’s chief executive confirms on an earnings call that new star manager Bill Gross has invested “more than $700 million” of his own money in his new mutual fund.
Stocks to Watch: FedEx, Jabil, Red Hat are stocks to watch
Among the companies whose shares are expected to see active trade in Wednesday’s session are FedEx, Jabil Circuit, and Red Hat.
Big Wave Trading Update And Top Current Holdings
Ever since QE started in 2008 there have been very rare incidences where we could say with some confidence that the current situation looked bullish or bearish. The lack of prices responding how they normally respond to certain situations has definitely made investing in a post-QE world for Trend Followers …
Libya Oil Output Plunges Amid Heightened Violence
Libya’s oil fields and infrastructure have come under attack multiple times over much of the last two years, but events have recently taken a turn for the worse. Libya’s National Oil Corporation (NOC) reported that a pipeline explosion on February 14 disrupted flows from a major oil field, threatening to further …
Is the oil crash over?
Oil prices have rebounded by $16 a barrel since the low point was reached at $45 a month ago, and investors are already wondering whether the worst is over for the energy sector. The bear market that started in 2011 has seen a peak-to-trough decline in overall commodity prices …
Commodities explained: Oil data watch
Which reports and statistics are being closely followed by the market?
Crude Oil Hits 2-Month High, SPX 500 Chart Setup Hints at Pullback
Crude oil prices advanced to a two-month high while SPX 500 technical positioning hints a corrective pullback may be ahead.