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Here are the NYT's five corrections on Melania Trump

Thu, 01 Oct 2015 22:38:46 +0000

The New York Times posted five corrections to its recent profile of Donald Trump's wife.

Cramer: These stocks due to bounce

Thu, 01 Oct 2015 22:37:00 +0000

Jim Cramer teaches investors how to use technicals to spot stocks ripe for a pullback, or due for a bounce.

Looking for punny business? Use this map

Thu, 01 Oct 2015 22:30:57 +0000

The website Atlas Obscura compiled a not-totally-comprehensive list of the American businesses with puns in their names.

15 million T-Mobile customers hacked

Thu, 01 Oct 2015 22:26:20 +0000

Read full story for latest details.

Cramer tells entry, exit on stocks

Thu, 01 Oct 2015 22:22:00 +0000

Jim Cramer teaches investors how to use charts to determine he best bottom and ceiling points for a stock.

EU antitrust chief says Apple, Google cases show no U.S. bias

Thu, 01 Oct 2015 22:21:10 +0000

By Foo Yun Chee BRUSSELS (Reuters) - Europe's antitrust chief dismissed on Friday accusations of anti-U.S. bias over her decision to go after Google for abusing its Internet search dominance and Apple over an Irish tax deal, saying such talk was a fallacy. European Competition Commissioner Margrethe Vestager's robust defense of her actions came after she was criticized in the U.S. media for a spate of cases opened over the past year against U.S. giants such as Google, Apple, Amazon and Starbucks . "Some claim that our cases involving Internet giants such as Apple or Google are evidence of bias.

Nate's Clothing building pulls Coyote Logistics in from the suburbs

Thu, 01 Oct 2015 22:20:04 +0000

Chicago-based shipping logistics company Coyote Logistics has leased 30,000 square feet in the Nate's Clothing building (401 First Ave. N., Minneapolis) owned by Minneapolis developer Ned Abdul. Coyote leases an office in Brooklyn Park's Northland Corporate Center (7225 Northland Drive), which Abdul bought in 2010 and redeveloped. The company said it will move that 140-person office to the Minneapolis building in the first quarter of 2016. “When we expand offices we always look for areas that…

NASA exec: Private space companies have made Seattle a stop on the way to Mars

Thu, 01 Oct 2015 22:17:10 +0000

Commercial space travel is the world’s best bet to get to Mars and Seattle is at the center of the industry, former NASA executive Lori Garver said during Thursday’s GeekWire Summit in Seattle. “There is a role for government in investment and research, but how you get (to Mars) doesn’t have to be just a government-funded program,” Garver said. The government, she said, is slower than the private sector and uses outdated engines from the 1970s. Partnerships between commercial space companies…

How to make 6 figures, no college degree needed

Thu, 01 Oct 2015 22:14:51 +0000

Apprenticeships have lost popularity over the years, but some argue they're the solution to bridging the job skills gap.

Why Peeple, the ‘Yelp for people,’ is a bad idea

Thu, 01 Oct 2015 22:14:07 +0000

Upcoming peer-review app raises legal, social concerns.

Jobs data may scare markets if weak

Thu, 01 Oct 2015 22:14:00 +0000

Economists expect a steady pace of job growth in September, but a miss that would spark market fears that the economy is slowing.

Cramer: Is this move legit?

Thu, 01 Oct 2015 22:10:00 +0000

Jim Cramer teaches investors how to use charts to determine if a market move is the real deal.

Mana proposes 11M-square-foot project in Miami’s Wynwood

Thu, 01 Oct 2015 22:08:31 +0000

Moishe Mana plans to infuse Miami’s hot Wynwood neighborhood with his vision for arts, culture and entertainment in a dense environment, one totaling 11 million square feet of development. The project would have space for artists, educational programs and young residents, said Dylan Finger, the managing director for Mana’s Florida properties. Some buildings would be as tall as 24 stories, he said. It would feature residences, hotel rooms, retail, restaurants, offices, and performance spaces.…

Expo joins downtown's growing menu of restaurant offerings

Thu, 01 Oct 2015 22:05:00 +0000

Taking a page from Buffalo’s past and using a historic downtown building as its backdrop, developer and real estate investor Nick Sinatra has a name, concept and tenants for the Market Arcade complex’s indoor market. The 8,000-square-foot market, due to debut in November, will be called Expo as a nod to the Pan-American Exposition — which itself was held in 1901, a decade after the Market Arcade was built. The Market Arcade is located at 617 Main St. in the center of downtown’s Theater District. Set…

Commodities Corner: Here’s how Hurricane Joaquin could end up sinking oil prices

Thu, 01 Oct 2015 21:56:54 +0000

Instead of lifting oil prices, Hurricane Joaquin may sink them.

The Wall Street Journal: XenoPort’s CEO retires amid broader restructuring

Thu, 01 Oct 2015 21:34:52 +0000

XenoPort Inc.’s chief executive steps down as part of a broader restructuring that will eliminate about 25 jobs as the biopharmaceutical company focuses on its treatment for restless leg syndrome, the company said Thursday.

Market Snapshot: Stocks kick off October with mixed finish amid global growth worries

Thu, 01 Oct 2015 21:30:12 +0000

U.S. stocks finish the first day of October and the fourth quarter mixed, as concerns about global growth and its impact on the economy keep a desire to scoop up beaten-down stocks in check.

Wall Street dip led by utilities, factory activity slows

Thu, 01 Oct 2015 19:18:08 +0000

Oil prices settled down on Thursday after altered forecasts for the path of hurricane Joaquin snuffed out an early rally. "There is a litany of reasons why people are more comfortable being out of the market," said Peter Kenny, equity market strategist at Kenny & Co LLC, in Denver. "We'll reach an exhaustion selloff in the fourth quarter, then you'll see a reflex rally," Kenny added.

Fed's Williams repeats call for rate hike 'sometime' in 2015

Thu, 01 Oct 2015 18:37:47 +0000

SALT LAKE CITY (Reuters) - San Francisco Federal Reserve Bank President John Williams on Thursday renewed his call for an interest-rate hike "sometime later this year," citing near-full employment and rapidly rising house prices that may be a sign of excessive economic optimism.

How to Trade 10 Key Sector ETFs Amid This Correction

twocents@thestreet.com (Richard Suttmeier) — Thu, 01 Oct 2015 17:30:00 +0000

NEW YORK (TheStreet) -- The stock market's performance in the third quarter was a huge disappointment for investors. All five major equity averages ended the quarter in correction territory -- down more than 10% -- despite Wednesday's strong rebound. Slicing the market into its 10 key sectors, only the consumer discretionary sector has had a year-to-date gain. It's joined by consumer staples and technology as the only sectors not in correction or bear market territory. Unsurprisingly, the two sectors in bear market territory (off more than 20%) are basic materials and energy. The remaining five sectors are solidly in correction territory, as detailed in the table below. The Materials Select Sector SPDR Fund closed the third quarter at $39.92, down 17.8% year-to-date, and down 23.6% from its all-time high of $52.22, set on Feb. 25. The ETF has been under a "death cross" since July 27, when it closed at $44.58. This indicated that lower prices were ahead, which has proved to be an accurate forecast. The 50-day and 200-day simple moving averages are $43.56 and $48.07, respectively. The weekly chart is negative, with the exchange-traded fund below its key weekly moving average of $42.58 and its 200-week simple moving average of $42.81. The weekly momentum reading is projected to decline to 20.44 this week, down from 22.97 on Sept. 25. Investors looking to reduce holdings should place a good-till-canceled limit order to sell the ETF if it rises to $43.03, which will be a key level on technical charts until the end of 2015. The Industrial Select Sector SPDR Fund closed the third quarter at $49.89, down 12% year-to-date, and down 14.3% from its all-time high of $58.23, set on Feb. 25. The ETF has been under a "death cross" since July 17, when the close was $54.92.This indicated that lower prices were ahead, which has proved to be an accurate forecast. The 50-day and 200-day simple moving averages are $52.17 and $55.08, respectively. The weekly chart is negative, with the ETF below its key weekly moving average of $51.36 but above its 200-week simple moving average of $46.56. The weekly momentum reading is projected to decline to 35.44 this week, down from 36.03 on Sept. 25. Investors looking to buy the industrial ETF should place a good-till-canceled limit order to buy the ETF if it drops to $45.50, which will be a key level on technical charts until the end of 2015. Investors looking to reduce holdings should place a good-till-canceled limit order to sell the ETF if it rises to $53.00, which will be a key level on technical charts until the end of October. Must Read: 8 Stocks Warren Buffett Is Selling The Consumer Discretionary Select Sector SPDR Fund closed the third quarter at $74.26, up 2.9% year-to-date, and down 7.9% from its all-time high of $80.61, set on Aug. 5. The ETF is below its 50-day and 200-day simple moving averages of $76.49 and $75.38, respectively. The weekly chart is neutral, with the ETF below its key weekly moving average of $75.51 and above its 200-week simple moving average of $59.77. The weekly momentum reading is projected to rise to 59.20 this week, up from 58.66 on Sept. 25. Investors looking to buy the consumer discretionary ETF should place a good-till-canceled limit order to buy the ETF if it drops to $54.76, which will be a key level on technical charts until the end of 2015. Investors looking to reduce holdings should place a good-till-canceled limit order to sell the ETF if it rises to $81.03, which will be a key level on technical charts until the end of 2015. The Consumer Staples Select Sector SPDR Fund closed the third quarter at $47.19, down 2.1% year-to-date and down 6.8% from its all-time high of $50.95, set on Aug. 6. The ETF is below a "death cross" confirmed on Sept. 18, with its 50-day simple moving average of $48.43 below its 200-day simple moving average of $48.83. The weekly chart is neutral, with the ETF below its key weekly moving average of $47.74 and above its 200-week simple moving average of $41.46. The weekly momentum reading is projected to rise to 48.85 this week, up from 48.61 on Sept. 25. Investors looking to buy the consumer staples ETF should place a good-till-canceled limit order to buy it if it drops to $44.06, which will be a key level on technical charts until the end of 2015. Investors looking to reduce holdings should place a good-till-canceled limit order to sell the ETF if it rises to $48.76, which will be a key level on technical charts until the end of October. The Energy Select Sector SPDR Fund closed the third quarter at $61.20, down 22.7% year-to-date and down 26.8% from its 2015 high of $83.66, set on May 5. The ETF is below a "death cross" confirmed on Oct. 22, 2014, with its 50-day simple moving average of $65.74 below its 200-day simple moving average of $74.92. The weekly chart is negative with the ETF below its key weekly moving average of $64.66 and below its 200-week simple moving average of $79.28. The weekly momentum reading is projected to decline to 22.15 this week, down from 22.61 on Sept. 25. Investors looking to reduce holdings should place a good-till-canceled limit order to sell the ETF if it rises to $69.13, which will be a key level on technical charts until the end of October. Investors looking to buy the energy ETF should wait until the downside volatility subsides. It may take a week or months before an appropriate key level forms below the market. Must Read: 7 Stocks Warren Buffett Is Buying in 2015 The Financial Select Sector SPDR Fund closed the third quarter at $22.66, down 8.3% year-to-date and down 11.5% from its 2015 high of $25.62 set on July 23. The ETF is below a "death cross" confirmed on Sept. 17 with its 50-day simple moving average of $23.93 below its 200-day simple moving average of $24.30. The weekly chart is negative with the ETF below its key weekly moving average of $23.35 and above its 200-week simple moving average of $20.01. The weekly momentum reading is projected to decline to 59.26 this week down from 59.38 on Sept. 25. Investors looking to reduce holdings should place a good-till-canceled limit order to sell the ETF if it rises to $24.89, which will be a key level on technical charts until the end of October. Investors looking to buy the financial ETF should wait until the downside volatility subsides. It may take a week or months before an appropriate key level forms below the market. The Health Care Select Sector SPDR Fund closed the third quarter at $66.23, down 3.8% year-to-date and down 14.4% from its all-time high of $77.40, set on July 20. The ETF is below a "death cross" that was just confirmed on Sept. 29, with its 50-day simple moving average of $72.33 below its 200-day simple moving average of $72.62. The weekly chart is negative, with the ETF below its key weekly moving average of $70.16 and above its 200-week simple moving average of $53.79. The weekly momentum reading is projected to decline to 57.62 this week down from 59.04 on Sept. 25. Investors looking to buy the health care ETF should place a good-till-canceled limit order to buy it if it drops to $53.44, which will be a key level on technical charts until the end of 2015. Investors looking to reduce holdings should place a good-till-canceled limit order to sell it if it rises to $74.13, which will be a key level on technical charts until the end of October. The Utilities Select Sector SPDR Fund closed the third quarter at $43.29, down 8.3% year-to-date and down 13% from its 2015 high of $49.78, set on Jan. 28. The ETF has been below a "death cross" since April 28, with its 50-day simple moving average of $43.10 below its 200-day simple moving average of $44.49. The weekly chart is positive, with the ETF above its key weekly moving average of $42.89 and above its 200-week simple moving average of $39.83. The weekly momentum reading is projected to rise to 33.56 this week up from 32.09 on Sept. 25. Investors looking to buy the utilities ETF should place a good-till-canceled limit order to buy the ETF if it drops to $38.18, which will be a key level on technical charts until the end of 2015. Investors looking to reduce holdings should place a good-till-canceled limit order to sell the ETF if it rises to $46.93, which will be a key level on technical charts until the end of 2015. Must Read: 10 Stocks Billionaire John Paulson Loves The Technology Select Sector SPDR Fund closed the third quarter at $39.50 down 4.5% year-to-date and down 9.8% from its all-time high of $43.81 set on July 20. The ETF has been below a "death cross" confirmed on Aug. 26 with its 50-day simple moving average of $40.93 below its 200-day simple moving average of $41.82. The weekly chart is neutral, with the ETF below its key weekly moving average of $40.39 but above its 200-week simple moving average of $34.58. The weekly momentum reading is projected to rise to 64.41 this week up from 62.70 on Sept. 25. Investors looking to buy the technology ETF should place a good-till-canceled limit order to buy the ETF if it drops to $35.17, which will be a key level on technical charts until the end of 2015. Investors looking to reduce holdings should place a good-till-canceled limit order to sell the ETF if it rises to $43.14, which will be a key level on technical charts until the end of October. The iShares Transportation Average ETF closed the third quarter at $139.91, down 14.7% year-to-date and down 16.6% from its all-time high of $167.80, set on Nov. 28, 2014. The ETF has been below a "death cross" since May 26, when the ETF closed at $149.86, with its 50-day simple moving average of $144.95 below its 200-day simple moving average of $153.51. The weekly chart is neutral, with the ETF below its key weekly moving average of $143.36 and above its 200-week simple moving average of $123.76. The weekly momentum reading is projected to rise to 53.61 this week up from 52.98 on Sept. 25. Investors looking to buy the transportation ETF should place a good-till-canceled limit order to buy the it if it drops to $130.34, which will be a key level on technical charts until the end of 2015. Investors looking to reduce holdings should place a good-till-canceled limit order to sell it if it rises to $142.22 which will be a key level on technical charts until the end of October. Must Read: George Soros' Top 5 Dividend Stock Picks for 2015

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Twitter (TWTR) Stock Stumbles as Concerns Mount Over CEO Dorsey

twocents@thestreet.com (Amanda Gomez) — Thu, 01 Oct 2015 16:57:00 +0000

NEW YORK (TheStreet) -- Twitter stock is retreating 7.06% to $25.03 in midday trading after concerns were raised over the possibility of interim CEO Jack Dorsey remaining as permanent CEO, while still managing mobile payments company Square, Reuters reports. On Wednesday, reports suggested Dorsey would be named permanent CEO as early as today, according to Re/code. "The biggest conflict would simply be the allocation of his time," technology company advisor Esther Dyson told Reuters. "CEO is a full-time job." Dorsey could also face conflicting interest as CEO of Twitter and Square, which recently partnered with the social media company to allow users to donate to political candidates through Twitter. Twitter is increasing the e-commerce features on its site, and Dorsey would have to advocate in each company's best interest, Reuters added. "The list of conflicts is as long as the imagination will permit," law professor Lawrence Hamermesh told Reuters. "Every waking moment, Dorsey is going to have to decide, 'Am I going to work on Twitter or Square?'" Insight from TheStreet's Rating Team TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS charitable trust portfolio, commented on Twitter in a Real Money article. Here's what he had to say about the CEO speculation: While I agree with Jack Mohr, the research director for my charitable trust, who penned a piece earlier (Twitter is in the trust's portfolio) that Dorsey may not be ideal -- because I am not crazy about anyone running two companies at once, I know that if anyone can pull it off, Dorsey can. He has the buy-in of all the people who are so important to turning Twitter around within the organization. I think Dorsey is whip-smart and very pro-change, very understanding of who matters -- mainly the people who use and propagate Twitter -- and will try to change the culture to make it so much easier for non-techies to get involved. More important, he embraces the idea that Twitter's not what it should or could be, and recognizes how necessary it is to ignite that change before too much time is lost. Anyway, I know Jack Mohr raises good points and I do wish Dorsey would just focus on Twitter and not Square. That said, though, I am satisfied that Twitter can win with him at the helm -- and not become the MySpace of the era, as so many suggest. Dorsey will get the job done, and if he could just delegate day-to-day to someone else at Square -- because the problems with Twitter are that urgent -- I think all will be very good and the stock will at last find its footing, here. -Jim Cramer's "Dorsey Should Just Wear One Hat at Twitter" originally published on 09/30/15 on Real Money. Want more like this from Jim Cramer and Wall Street's sharpest minds BEFORE your stock moves? Learn more about Real Money now! TWTR data by YCharts

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U.S. factories show vulnerability to chill in global economy

Thu, 01 Oct 2015 16:07:39 +0000

By Jason Lange WASHINGTON (Reuters) - The pace of growth at U.S. factories slowed in September, a sign that the chill falling over the global economy could complicate the Federal Reserve's plans to raise interest rates. This is causing headaches at the Fed, which cited concerns last month about "global economic and financial developments" when it surprised much of Wall Street by holding off on hiking rates. The Institute for Supply Management (ISM) said its index of national factory activity fell to 50.2, its lowest since May 2013 and just below the median forecast in a Reuters poll.

Here's What It Looked Like Inside Tesla's Incredible Model X Event

twocents@thestreet.com (Chris Ciaccia) — Thu, 01 Oct 2015 14:46:00 +0000

a NEW YORK (TheStreet) -- Tesla aunveiled its latest offering, the Model X SUV, earlier this week. It will initially cost consumers $130,000 or more. But the Model X is more than just an SUV, it's a feat of engineering prowess. At a top speed of 155 mph, the P90D version of the Model X can go 250 miles on a single charge, and zero to 60 mph in 4.8 seconds. "Ludicrous Mode" -- which a version of the Model X actually has -- can go even faster, hitting the 60 mph mark in 3.2 seconds. As with most SUVs, utility is just as important as style and aesthetic. CEO Elon Musk and his team appeared to have fulfilled the dream of every parent, with third-row seat access at the the touch of a button, and the ability to tow more than 5,000 pounds with seven people inside and several pieces of luggage. Like the P85D version of the Model S sedan, the Model X has dual motors. The front motor has 259 horsepower and the rear motor sports 503 horsepower, for a whopping 762 total horsepower. Several tech big-wigs, including Google CEO Sergey Brin, venture capitalist Steve Jurvetson (also a Tesla board member) and several others attended the unveiling, which was held inaFremont, Calif. Here's what it looked like inside and outside the event as Tesla unveiled its latest vehicle. a We're finally here at the Model X unveiling. It's not at Tesla's Fremont, Calif., factory, but a building down the road. Could there be surprises in store for us? I'm all checked in and I have my press pass! This is going to be a fun night and I can't wait to see who's inside. Someone brought a drone to the Model X event and is flying it over the line. This wouldn't be Silicon Valley without drones at a tech event. It's around 6:45 p.m. Pacific time, and I'm in line for the event. The line is just a mass of humanity. There are a lot of people with Tesla pins on their jackets, like this guy in the hat. It's 7:30 p.m. and we're finally inside. Tesla and Musk don't put on just any tech event -- it's like a Hollywood premiere. The employees are in dresses and suits, the alcohol is flowing, people are talking and having a good time. It's 8:30 p.m. and the press has finally been let in. The crew is still going through some last minute checks on the stage to make sure everything is ready for the big night. I'm no more than 10 feet from the stage, directly behind the roped off area for VIPs. Who do I see? Maye Musk, Elon's mom, and two of his five children. (Spotted but not in this picture: Elon's wife, British actress Talulah Riley.) It's almost 9 p.m. and it's showtime! Musk has walked onto the stage to welcome everyone to the event and to begin showcasing Tesla's SUV, the Model X. Musk is going through some talking points. He said this is the first SUV to ever have a 5-star safety rating. You can see the SUV off to the right. Pictures don't do it justice -- it's really incredible looking in person. Because accidents happen, Musk noted how important it is to build a car that's safe, no matter how it gets hit. The Model X, along with the Model S, have significantly lower side-angle impact ratings than the competition. The Model X in all its glory! Here's the bones of the car -- what it looks like before it's all put together. Along with safety, a big theme of the night was the cleanliness of the Model X. The primary air filter is 10 times larger than a normal air filter, and the secondary air filter is also larger than a traditional air filter. Musk joked that the Model X could actually be a biodefense weapon. "We're trying to be a leader in apocalyptic defense scenarios," Musk quipped. He wasn't kidding! There's an actual biodefense weapon button the Model X. The crowd roared in applause after Musk showed it off. Perhaps the biggest applause of the night was for the Model X's falcon-wing doors. Here they are, fully open. It's a sight to behold, almost like the DeLorean in Back to the Future. The third row in the Model X is easily accessed by touching a button on the back of the second row, allowing a full-grown adult to get inside. It's much easier than getting to the back row in other SUVs. Even if someone parks close to you in a parking lot, the falcon-wing doors can open. They have built-in ultra-sonic sensors to detect where outside objects are. The sensors can actually see through metal. Here's another picture of the falcon-wing doors in action. Even though the Model X is stylish, it still needs to be functional. The Model X can tow 5,000 lbs., including a trailer, seven full-grown adults and all of their luggage. The Model X has an optional accessory kit that can be used to store four bicycles or six sets of skis. The boy on the stage is one of Musk's children, Griffin, who put the accessory rack on the SUV. Here are the specs for the base model 90D, which costs $132,000. It goes zero to 60 mph in 4.8 seconds and has a range of 257 miles, with a top speed of 155 mph. These are the specs for the upgraded P90D version of the Model X. Its "Ludicrous Mode" allows drivers to go from zero to 60 mph in 3.2 seconds. This seems more rocket than SUV. Given that Musk's other job is CEO of SpaceX, maybe that's not too far from the truth. Musk delivered the first few Model X SUVs to their eagerly waiting owners. This is the third recipient of the Model X. This is the first Model X ever built, and of course, it's Musk's car. After the show was over, attendees were able to go in and look at it and play around with it for a bit.

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What Family Business Owners Should Consider Before Cashing Out

twocents@thestreet.com (Gregg Greenberg) — Thu, 01 Oct 2015 14:36:00 +0000

NEW YORK (TheStreet) -- Building a profitable business from scratch is no small feat. Cashing out after a lifetime of hard work poses its own challenges, said Kevin Harris, managing director of the Family Business Group at Northern Trust . Some of the factors that come into play when deciding to sell a business include the conditions of that particular industry and whether there is a need to fine tune or improve the operations before opening it up to bidders, said Harris, adding the ancient bit of market wisdom that "timing is everything." Harris joined Northern Trust in February 2005 after spending 12 years in the Family Office industry. Northern Trust's Family Business Group manages more than 1,100 distinct business interests, representing over $9 billion of closely held business assets under management. These businesses are comprised of both operating entities and holding companies, spanning a broad range of industries. When it comes to valuing a family business, Harris said Northern Trust focuses on getting a team of advisers in place to assist the owner in coming up with a suitable price and, if need be, repositioning the business to prepare it for sale. The next step is finding the ideal buyer, and according to Harris, sometimes the right buyer is not the one with the highest bid. "In many cases it's not about selling the company for the absolute top dollar but picking the transaction that ultimately is going to close and you are going be able to get that cash from the prospective buyer," said Harris. Of course, family businesses have their own special dynamics. Before the bidding process begins, Harris said the family needs to work through issues as to whether some members want to stay on after the sale, as well as how to compensate those members who do not work in the business. Finally, when the sale is finally completed, Harris said the next step is to protect that windfall, which will likely never be recreated. "Ideally you want to get a group of advisors in place well in advance of the sale so you can start focusing in on things such as income taxes and transfer taxes, hoping to minimize those. In essence, maximize cash to the owners," said Harris. "And then working with the family to put together a plan for reinvestment the proceeds in a thoughtful fashion." Must Read: Warren Buffett's Top 10 Dividend Stocks

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Everyday Things That Refuse to Die

Thu, 01 Oct 2015 04:00:01 +0000

Financial Aid Advice: What to Do Before the End of 2015 for Your FAFSA

Thu, 01 Oct 2015 04:00:01 +0000

Next Year you'll be able to apply for college aid sooner and use completed tax returns. Plus: Changes make 2015 tax returns doubly important.

The World's Top Universities 2015

Wed, 30 Sep 2015 20:00:00 +0000

The California Institute of Technology, a private school with just 2,200 students in Pasadena, CA, takes the number one slot again this year in the 12th annual World University Rankings, put out by Times Higher Education (THE), a London magazine that tracks the higher ed market. Four years ago Caltech [...]

Big Data: 20 Mind-Boggling Facts Everyone Must Read

Wed, 30 Sep 2015 06:19:00 +0000

Big data is not a fad. We are just at the beginning of a revolution that will touch every business and every life on this planet. But loads of people are still treating the concept of big data as something they can choose to ignore — when actually, they’re about to [...]

Best College Values Matchup: University of Georgia vs. University of Alabama

Wed, 30 Sep 2015 04:00:01 +0000

Alumni and fans will be championing their schools in advance of this weekend's college football showdown. But how do the universities stack up where it really matters?

New Ways to Ensure Steady Income During Retirement

Wed, 30 Sep 2015 04:00:01 +0000

Financial firms are launching products aimed at helping retirees transition from earning a paycheck to drawing on their savings.

Jim Cramer's 'Mad Money' Recap: Here's the Silver Lining Behind the Dark Market Cloud

twocents@thestreet.com (Scott Rutt) — Wed, 30 Sep 2015 00:30:00 +0000

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK (TheStreet) -- Yes, there's more pain ahead, Jim Cramer admitted to his Mad Money viewers Tuesday, but there is a silver lining. Stocks get cheaper as they head lower and every day we're inching closer to a bottom. Cramer said there are still a lot of things not to like about our current stock market, none of which seem to be getting better any time soon. First, there's the Federal Reserve and its camera-loving governors, who create more uncertainty by the day as they opine on when interest rates will be rising. Then there's the political uncertainty created by our election cycle. Couple that uncertainty with the falling Chinese economy and the host of good news from Apple , a stock Cramer owns for his charitable trust, Action Alerts PLUS, Nike , Alcoa and the home builders don't seem to matter. It's easy to see when 117 of the 1,500 stocks that make up the various S&P baskets are down over 50% and why 600 of them have fallen over 20%. It doesn't matter if you're a red-hot natural and organic food stock, or a tech company or one of the many high-growth rollup names, your stock is likely worth a lot less than it was. But there's hope -- Eli Lilly , General Mills , Con Agra and McDonald's , all of which have so many positive things going for them the markets are having trouble tamping these stocks down. Must Read: 5 Overvalued Health Care Stocks to Sell Now Executive Decision: Stanley Erck For his "Executive Decision" segment, Cramer spoke with Stanley Erck, president and CEO of vaccine maker Novavax , a stock that was trading at $13.65 a share when Cramer last sat down with Erck on Aug. 12, but has since fallen a stunning 53%. Erck said his team was not focused on the stock price but executing the five clinical trials to be completed by the third quarter of this year. He said those trials include vaccines for Ebola, flu and RSV, a far-too-common respiratory virus. Erck was happy to report positive results from the RSV trial for the elderly, which contract the disease some 2.4 million times a year, and also for new mothers and their newborns. Some 60% of all infections during a newborn's first year stem from RSV, Erck noted, making it a serious issue worldwide. The RSV results were so positive that Novavax just received an $89 million grant from the Bill and Melinda Gates Foundation to continue development of the vaccine and help make it available globally. Cramer said it's clear the decline in Novavax stock has nothing to do with the company and its remarkable progress. Hedge Funds Gone Wild There's a battle brewing with some stocks, Cramer told viewers, but it doesn't have anything to do with the companies themselves, but rather with hedge funds gone wild. It's a typical predator versus prey situation, Cramer explained. Flailing hedge funds facing redemptions are forcing share prices lower, and the companies themselves are defenseless from stopping it. That was the case at Cramer's own hedge fund in 1998, he said, and it's the case now with the once-hot stocks of Valeant Pharmaceuticals , Energy Transfer Partners , Horizon Pharmaceuticals , Allergan , XPO Logistics and countless others. The only good news, Cramer noted, is that if you liked these stocks at higher prices, you should be loving them at these lower prices. With the quarter drawing to a close, the selling pressure may soon subside, allowing the rest of us to once again start buying. Must Read: Icahn Warns Americans Will 'Get Screwed Again' in Midnight Movie Off the Charts In the "Off the Charts" segment, Cramer went head to head with colleague Robert Moreno over the chart of Exxon Mobil to see if the oil patch may finally be forming a much-needed bottom. Looking at a daily chart of Exxon versus the S&P 500, Moreno noted the oil giant was leading the averages lower until about a month ago, when it began consolidating and trading sideways. He saw support building at the $71.75 level, which Cramer noted is about where the stock yields 4%. This bottoming pattern was bolstered by both the MACD momentum indicator, which has been trending higher, and the AROON indicator, which is a measure of changes in trend. The AROON correctly predicted the bullish move in Exxon this spring, as well as the bearish move in May, and just last week signaled another uptrend. Moreno also noted the Chaikin Money Flow, or CMF, has also been trending higher for the past month. Lightning Round In the Lightning Round, Cramer was bullish on Nucor , Hewlett-Packard , Icahn Enterprises and Rite Aid . Cramer was bearish on Enbridge , United States Steel , TrueBlue and Avon Products . Must Read: 5 Hated Stocks You Should Love Doctor in the House In a special interview, Cramer sat down with Dr. Eric Topol, head of the Scripps Translational Science Institute and author of the new book, The Patient Will See You Now, which chronicles the technological revolution in health care. Topol said the future of medicine will be patient-generated data. Things like the real-time streaming of blood heart rate, blood pressure and glucose are now possible with smaller, less expensive devices that connect to your smart phone. Topol showed off a small ring that monitors your sleep patterns and will one day replace a $4,000 overnight sleep study at a clinic. He also demonstrated a portable ultrasound device that also connects to a smart phone, and replaces a $350,000 machine at your doctor's office. Tool also noted that companies like the privately held Theranos is revolutionizing lab tests, while Teladoc is transforming office visits. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

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Meet The African-American Billionaire Businessman Who's Richer Than Michael Jordan

Tue, 29 Sep 2015 15:02:00 +0000

Robert F. Smith makes his debut on the Forbes 400 as the second-richest African-American, based on years of hard work and high achievement in the software industry.

7 Ways To Blow Your Boss's Mind

Tue, 29 Sep 2015 12:01:00 +0000

We all want to get ahead. Still, even when it seems you’re doing everything right—you’re never late to work, rarely take a sick day, and always meet deadlines—promotions can be few and far between. You’re putting the work in, so why aren’t you getting rewarded? The answer is simple: you don’t [...]

Jim Cramer's 'Mad Money' Recap: 5 Groups You Once Loved but Now Hate

twocents@thestreet.com (Scott Rutt) — Tue, 29 Sep 2015 00:15:00 +0000

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK (TheStreet) -- What was once loved is now hated, Jim Cramer told his Mad Money viewers Monday. Unfortunately, it's likely to stay that way for a while. Cramer identified five distinct groups of stocks he said investors need to now approach with caution. The first group is any company involved with commodities. With China slowing dramatically, the action in stocks such as Vale , down 86% over the past five years, and Glencore , down 77% this year alone, are simply horrendous. Whether it's iron, steel, or copper, steer clear. The second hated group are oil and gas stocks. Everything from Anadarko Petroleum to Chevron to Schlumberger to Ensco and beyond are all getting crushed. The third group is an unlikely one -- biotech. This group is typically immune to market declines because they have secular growth and pricing power. But with political candidates taking aim at drug prices, that may not be the case this time. The fourth despised group of stocks is any company that needs cheap debt to grow. Think rollups like SunEdison . These companies did too many deals and now may be shrinking in a rising interest rate environment. Must Read: 4 Short-Sell Opportunities to Watch The last sector to be frowned upon are the growth stocks with no earnings. The markets simply have no tolerance for the likes of Workday or FireEye , even though these are fabulous companies, according to Cramer. Executive Decision: Klaus Klenfeld For his "Executive Decision" segment, Cramer spoke with Klaus Kleinfeld, chairman and CEO of Alcoa , a stock that soared 5.7% on an otherwise down day after the company announced it is splitting itself into two entities. Kleinfeld explained that as a 126-year-old company, it's important to both reinvent yourself from time to time, but also to carefully consider your decisions thoroughly. For the past few years, Alcoa has been building up its value-added and its upstream commodity businesses, and now the company feels both have the size, scale and strength to be competitive on their own. Kleinfeld said that while the capital structure for the two entities has not yet been finalized, the value-added business will have investment-grade debt, while the upstream company is targeting just below that mark. Both entities, however, will be a win for Alcoa's shareholders, bondholders, employees and customers. Cramer said Alcoa clearly knows how to bring out value. Roll Out of Rollups Why are the stocks of so-called rollup companies on the decline? It doesn't have anything to do with stocks at all, Cramer explained, but with the high-yield bond market. High-yield bonds are in the blast zone right now and even activist hedge fund manager Carl Icahn is warning investors to beware. The problem? Many of these rollup companies need cheap money to keep growing, and the days of cheap money may be coming to a close. That's why a stock like XPO Logistics , whose CEO appeared on Mad Money just last week, has seen its stock slide 46% for the year, despite making several smart acquisitions such as its recent purchase of Con-way . Must Read: China Expands Abroad to Spur Economic Growth at Home That's also why other rollups, like Valiant Pharmaceuticals and Platform Specialty Products have seen their stocks crushed, with Platform also falling 44% for the year. This market wants as little risk as possible, Cramer concluded, and high-yield bonds are no longer on the menu. Executive Decision: Paul Raines In his second "Executive Decision" segment, Cramer spoke with Paul Raines, CEO of GameStop , the video game retailer that's seen its stock struggle since reporting earnings on Aug 27. Raines said that he's still a believer in the GameStop story, especially given the strong 8% rise in same-store sales, earnings per share up 41% and expanding gross margins. Raines said GameStop has diversified away from the boom-or-bust video game cycle and is now a family of tech brands that includes collectibles such as many items from the upcoming Star Wars movie. GameStop acquired the Web site ThinkGeek.com as a foray into this category. That's why GameStop has been able to rack up over 40 million customers on their loyalty programs, Raines noted, as customers love the products and trust the brands. Lightning Round In the Lightning Round, Cramer was bullish on Bristol-Myers Squibb , Eli Lilly , PPG Industries and WhiteWave Foods . Cramer was bearish on Johnson Controls , Jacobs Engineering , La Jolla Pharmaceutical , Sherwin-Williams , Superior Energy Services and Spark Therapeutics . Must Read: How to Trade ETFs Under 'Death Cross' Technical Patterns Executive Decision: Jason Gorevic In his third "Executive Decision" segment, Cramer also sat down with Jason Gorevic, CEO of Teladoc , a stock that came public on July 1 and rose to a high of $35 a share before declining with the rest of the markets to just above $20 a share today. Gorevic said Teladoc continues to see strong growth and now has over 6,000 clients and 20 health plans signed up for its services. There is still plenty of growth ahead, however, and the market is barely penetrated. Teladoc has also partnered with CVS Health and is providing online services in certain areas, while in others is referring online patients to CVS Minute-Clinic locations when needed. When asked about profitability, Gorevic said the company has a plan towards profits in 2017 but continues to invest in growth in the meantime. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

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Jim Cramer's 'Mad Money' Recap: Here's Next Week's Game Plan

twocents@thestreet.com (Bret Kenwell) — Fri, 25 Sep 2015 23:54:00 +0000

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK (TheStreet) -- It’s become a foregone conclusion the Federal Reserve will hike interest rates this year, which will not be good for many companies. While companies that need to borrow -- such as those in the energy sector -- and companies with international exposure will suffer from higher rates and a stronger dollar, financial stocks should benefit, Jim Cramer told his Mad Money viewers. Next week is light on earnings but there are a lot of data to be released that could sway the Federal Reserve when it comes to raising rates. With that, Cramer laid out next week’s game plan: On Monday, personal income, personal spending and U.S. pending home sales data will be released. Home sales have been strong, and spending has been “robust” thanks to lower gas prices, Cramer said. However, income has been stagnant, something the Fed should consider. Vail Resorts reports earnings and a good result -- which Cramer expects -- could bring investors back into the struggling sector. On Tuesday, Workday and General Electric host analyst days. Cramer expects to hear good things from both. He also expects impressive earnings results from Diamond Foods and Costco Wholesale . On Wednesday, Chicago PMI data will be released. Cramer expects this data to confirm his theory that manufacturing is weakening. Paychex reports earnings and the stock could run if investors like the report because a rate hike would be good for the company. Box hosts its analyst day and Cramer expects a good showing from management but is unsure if it will be enough to snap the stock out of its funk. Must Read: Where Are These 3 Big-Name Buffett Disciples Investing? On Thursday, Clorox and Dunkin Brands also host analyst days. Investors should watch these stocks, which both rallied on Friday. McCormick and Micron report earnings, too, and Cramer is not optimistic on the latter, saying he’s a seller on rallies. On Friday, the non-farm payrolls report will be released, which will likely have a major impact on whether the Federal Reserve raises interest rates later in October. Don't Give Up on ConAgra Earlier this week, ConAgra Foods reported earnings Tuesday -- and shares promptly fell 7% in response. However, Cramer took a closer look and says the results were much better than investors seemed to think. It didn't help that Tuesday was a tough day in the markets, he added. The company is a “house of packaged-food brands," with a portfolio containing familiar brands Chef Boyardee, Hunt’s ketchup and Slim Jim. The company also has a commercial food business as well as a private-label brand. While revenue for consumer products were flat, operating profit climbed a whopping 22%, Cramer said. But it’s the private-label business holding the company back. After acquiring it for $5 billion back in 2012, it has been nothing but a problem. Management is now looking to sell the unit, and use the approximate $3 billion it could bring to boost its dividend or buy back stock. This is very good news, especially as the other businesses are doing well, too, he explained. The bottom line: ConAgra didn’t have a perfect quarter by any means, but it had more positives than negatives. Cramer finds the stock attractive near current levels and is a buyer on bad days in the market when the stock gets sold off. China's Healthy Consumers Jim Cramer turned his focus to China following Nike’s impressive earnings results and even better results in China. Sales in Greater China were up 30%, with strength in all categories. As a result, the stock jumped 8.9% on Friday. So can we stop doubting the strength of the Chinese consumer? Cramer wondered. Starbucks’ CEO Howard Schultz and Apple CEO Tim Cook have signaled that everything in China is going well for their respective companies, both of which are Action Alerts PLUS holdings. While the industrial sector is lagging, auto sales may have peaked and the stock market has cratered, that hasn’t stopped Chinese consumers from buying coffee and Air Jordan shoes, Cramer said. Must Read: 5 Toxic Stocks to Sell Now The Chinese stock market is not the same as ours here in the U.S.; it does not have the same type of wealth effect. For that reason, it doesn’t have the same implications when it crashes. It’s time for investors to stop worrying about the strength of the Chinese consumer. Spending continues to do just fine. "It would pure ignorance to reach any other conclusion,” Cramer said. Executive Decision: Brad Jacobs For his “Executive Decision” segment, Cramer sat down with Brad Jacobs, the chairman and CEO of XPO Logistics . The stock fell 8% on Friday and is down almost 50% over the past three months. Jacobs said he feels bad about the losses to shareholders over the short term but it’s impossible to control the stock price. He’s the largest individual shareholder so he’s feeling the pain as well. However, “I’m extremely confident that the company is very well positioned for dramatic shareholder appreciation,” Jacobs said. Speaking on the company’s recent acquisition of Con-Way for $3 billion, he said the deal was done at a valuation at 5.7 times Ebitda, but that fell to just 4.5 times Ebitda when factoring in additional synergies. While the XPO Logistics business is cyclical, Jacobs explained the company’s cash flows are strong, which will help get it through the tougher parts of a slowdown. Speaking on the global economy, Jacobs explained that growth is slow, but there is growth nonetheless, which is good news. Lightning Round In the Lightning Round, Cramer was bullish on Blackstone , KKR , Costco Wholesale, Celgene , GW Pharmaceuticals and General Mills . Cramer was bearish on Platform Specialty Products , Wal-Mart , Annaly Capital Management and Potash . Must Read: Ride WhiteWave Foods for Gains on Organic Food Growth Mad Tweets In the "Mad Tweets" segment, Cramer answered viewers’ questions sent via Twitter @jimcramer. The first was about Brazil and whether the country would do anything to improve the situation at Petrobras before next year’s Olympics. While the country would love to help turn around the company’s sagging business, Cramer said Petrobras’ enormous debt load of $170 billion is simply too much of a burden for the Brazilian government to do anything about. It will take a long time for this company to turn around, especially if oil prices don’t rebound. Turning to Perrigo , one viewer asked if the takeover by Mylan is undervaluing the company. Cramer thinks it is, which is why shares of Perrigo have been on the decline. However, he wants investors to stick with the name. When is the time to buy Wells Fargo ? Cramer said investors shouldn’t hope for Wells Fargo to fall to a certain price -- $47 in this case -- to buy all at once. Instead, they should start buying now, and add to the stock position periodically on pullbacks. As for whether to buy Office Depot on its pending merger with Staples , Cramer said to stay away. Takeovers don’t mean anything if the fundamentals are deteriorating, which is the case for Office Depot and Staples as Amazon and Costco continue to take market share. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

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Jim Cramer's 'Mad Money' Recap: Don't Take It Personal but Your Stocks Are Going Down

twocents@thestreet.com (Scott Rutt) — Thu, 24 Sep 2015 23:57:00 +0000

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK (TheStreet) -- It doesn't matter how well the companies in your portfolio are doing, chances are they are heading lower, Jim Cramer told his Mad Money viewers Thursday. Don't take it personally, Cramer confided. It's not that you haven't picked great stocks, the market just stinks and is acting irrationally. Case in point: the Volkswagen emissions scandal is taking the stocks of all automakers lower. But with consumers furious with VW, wouldn't that mean better sales for the rest of the industry? Or how about shares of Boeing , which are stuck in the mud despite the company just receiving a $38 billion order from China for their most lucrative planes. And whatever happened to dividend protection? Merck is down 11% on the year despite its 3.5% dividend yield. Dividends used to make all the difference, but apparently not any more. Must Read: The Reason Now's Not the Best Time to Buy Stocks Finally, Cramer cited a host of strong earnings that the markets ignored, including AutoZone , Darden Restaurants and Carnival Cruises . Eventually, the market will return to rational investing, Cramer concluded, but it may be a little while until we get there. Why Pick on Eli Lilly? Is it possible to be too negative on a stock? It is if that stock is Eli Lilly , the big pharma name that's been a virtual punching bag for investors for years. Lilly's problem has been the fact that two of its biggest drugs, Cymbalta and Evista, lost patent protection last year, taking almost 30% of Lilly's profits along with it. Investors feared that Lilly had nothing in the pipeline to replace these blockbusters drugs, and up until recently they've been right. But last Thursday, Lilly released more positive data for its diabetes drug Jardiance, news that sent shares up 6.5% on the day and a full 23% for 2015. While Jardiance is already on the market, analysts now predict the drug could hit peak sales of $6 billion a year, thanks to its new cardiovascular benefits. Impressive, Cramer noted. Then there's Lilly's Alzheimer's drug, which is also showing positive results in at least slowing the progress of a disease with very few options. Cramer said Lilly's diabetes and Alzheimer's prospects combined translate to estimates that are too low, which makes the stock that trades at 24 times those earnings also too low, especially given its 2.3% dividend. More Pain for Caterpillar It doesn't matter how good your products are if your clients don't need it, Cramer told viewers. That certainly looks to be the case with Caterpillar , which today announced a huge revenue shortfall and the laying off of over 10,000 workers as the company struggles with three years of falling sales. Caterpillar is a victim of the decline in mining and manufacturing, Cramer explained. The coal industry continues to shrink faster than anyone thought and the need fro heavy oil just isn't economical at lower oil prices. In fact, Caterpillar's only bright spot was construction, but even there the strength appears to be a domestic-only phenomenon.Must Read: Everything You Need to Know About Volkswagen's Emissions Scandal So what should investors do with this stock that's now down 28% for the year with a 4% yield? Cramer said normally, he'd be telling you to buy, buy, buy, but in this case, the revenue forecasts may still be too optimistic, which means there's likely a lot more pain ahead for Caterpillar as it right-sizes its operations for the new global realities. Tough Times for Timken Having an activist investor involved with your company doesn't always yield positive results, Cramer said, as he outlined the unfortunate saga of Timken, the steel maker he visited a few years back. Timken used to be the typical steel maker, Cramer recalled, but after the Great Recession, the company grew beyond just commodity steel and into being a solutions provider of value-added steel and alloy components. The company's strategy was working well, with the stock hitting all-time highs in 2011. But then the activists arrived, pressuring Timken to break its now-two businesses into two separate companies. Despite heated objections from management about the scale and shared knowledge between the two entities, the company was forced to split into TimkenSteel and The Timken Company in July 2014. Shares of Timken traded at $67 just before the split, and after a brief rise have been falling ever since. The two stocks today trade for a combined $38 a share, or a 50% loss. Lightning Round In the Lightning Round, Cramer was bullish on Cypress Semiconductor , Radius Health , Yahoo! , International Business Machines , Consolidated Edison and Dominion Resources . Cramer was bearish on Blue Buffalo Pet Products , Huntsman , New Senior Investment Group and Aqua America . Must Read: 5 Warren Buffett Stocks the Pope Would Love, Too Executive Decision: Dr. Phillip Frost For his "Executive Decision" segment, Cramer spoke with Dr. Phillip Frost, chairman and CEO of Opko Health , a stock that's been more than cut in half after the company announced the acquisition of Bioreference Labs earlier this year. Frost said that Bioreference has been the "most interesting" acquisition he's ever made. For a 14% dilution of its stock, Opko receives $1 billion in revenue and $100 million in operating income, as well as 400 dedicated salespeople to help spread the work about the company's products. Frost reiterated that Opko's prostate tests have the potential to eliminate up to 50% of all prostate biopsies performed every year, a great savings to both patients and the health care system. Cramer said the synergies between the companies make a lot of sense and he remains a believer in both Frost and Opko. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

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Supreme Court Strikes Down Violent Games Ban

Mon, 27 Jun 2011 19:05:36 +0000

The U.S. Supreme Court struck down a California law prohibiting sales of violent video games to minors, saying the ban is an unconstitutional infringement on speech rights.

Can the Angry Birds Keep Flying?

Mon, 27 Jun 2011 17:40:58 +0000

Rovio Mobile Oy has to convince investors it has staying power, as it rolls out new games and a movie

FarmVille Meets the Hollywood Tie-In

Thu, 23 Jun 2011 21:00:00 +0000

Facebook game tie-ins are launching for film and television content such as Weeds

JPMorgan's Contrarian Bet on Bank Branches

Thu, 23 Jun 2011 21:00:00 +0000

The giant lender seeks a source of cheap funds as rivals retrench. Analysts are skeptical