Month: May 2018

A secret backchannel led by a veteran Republican Senate staffer and a flamboyant Venezuelan official nicknamed “Dracula” broke through hostile relations between the two governments to secure the release of American prisoner Joshua Holt, who traveled to the South American country for love and ended up in jail, without a trial, for two years. On the eve of Venezuela’s May 20 presidential election, the Utah native appeared in a clandestinely shot video from jail railing against Nicolas Maduro’s government, saying his life had been threatened in a prison riot. Hours earlier Maduro expelled the top American diplomat over …read more […]

J.C. Penney CEO Marvin Ellison is set to leave the company in early June after being offered the CEO job at Lowe’s. What does this mean for J.C. Penney investors? …read more […]

A potential bill to prohibit ZTE Corp. and other Chinese telecommunications companies from operating in the U.S. would have supermajority support in Congress, Republican Senator Marco Rubio said. “Most members of Congress have come to understand the threat China poses,” Rubio said on CBS’s “Face the Nation” on Sunday when asked whether President Donald Trump would sign such a measure. “There’s a growing commitment in Congress to do something about what China is trying to do to the United States. …read more […]

Regulators are beginning the process of clearing the way for a new generation of faster-than-sound flying. Some of the largest names in aerospace could be among the beneficiaries. …read more […]

Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included the iPhone maker and a department store operator. Bearish calls included big automakers and a consumer … …read more […]

Marvin Ellison has plenty of home improvement experience, but he might not be the right person for the job. …read more […]

Richard Branson says he’s months away from becoming an astronaut, and “neck and neck” with Jeff Bezos in the race to begin space tourism. Both Branson and Bezos’ respective companies, Virgin Galactic and Blue Origin, have completed successful test flights in recent weeks. …read more […]

Donald Trump’s lawyer again questioned the legitimacy of Special Counsel Robert Mueller’s ongoing probe into Russian meddling in the 2016 U.S. election, even as a possible interview between Mueller and the president looms. “We’re more convinced as we see it that this is a rigged investigation,” Rudy Giuliani said Sunday on CNN’s “State of the Nation.” Asked if he sees the probe as legitimate, Giuliani, who joined Trump’s legal team in mid-April, replied: “Not any more. The former New York mayor is seeking a readout of the classified information Justice Department officials shared with lawmakers on Thursday about …read more […]

Qualcomm’s trying to get in on the ground floor of the next big thing. …read more […]

Mike Blake/Reuters; Kimberly White/Reuters …read more […]

Becker Milk is one of the ten dividend stocks that can help raise your investment income by paying sizeable dividends. These stocks are a safe bet to increase your portfolioRead More… …read more […]

First came the mourning for the Dodge Viper, which ended production last year. Then came the Viper’s continued sales run as a “Zombie Car;” we just wrote about how the Viper has racked up 11 sales so far this year, two of them in April. Now Car and Driver reports that the two-seater snake will return shorty for its second encore after being discontinued in 2009. The mag isn’t equivocal about it, either, writing, “trust us: A new Viper is happening.” It won’t, however, be the same Viper that brou …read more […]

Americans have been swiftly falling out of love with NASCAR. The iconic US sports league has had an undeniably rough few years, from a rapid drop in TV ratings, to sponsor attrition. Here’s a look at what might have gone wrong for NASCAR. …read more […]

Here’s an estimate of the retirement benefits the investing legend receives monthly. …read more […]

Transcript:
Steve McDonald (SM): Our guest this week is Marc Lichtenfeld. He’s here to talk about EBITDA. And I’ll let you explain what it is because every time I try to say it, I say income tax instead of interest, taxes, depreciation and amortization. I’m in the markets 35 years. I’ve been working in them since ’91. What were you doing in 1991?

Marc Lichtenfeld (ML): I was out of school. That’s when I was starting to learn about the markets.

SM: Okay. I don’t ever remember hearing it mentioned, but in the last five, maybe 10 years, it’s EBITDA this and EBITDA …read more […]