Trading Ideas
Taxes 2020: These two groups of taxpayers face the highest audit rates
An IRS audit over taxes is about half as likely as it was five years ago. Even so, two groups face higher rates than others. …read more […]
Month: January 2020
Business News
U.S. declares coronavirus a public health emergency
The Trump administration on Friday declared a public health emergency over the coronavirus outbreak and said it would take the extraordinary step of barring entry to the United States of foreign nationals who have traveled to China.
Trading Ideas
U.S. Manufacturing Titans Portend Gloom for Global Economy
(Bloomberg) — Two of the most recognizable names in U.S. manufacturing are signaling more pain lies ahead for the global economy.Caterpillar Inc. predicted Friday that its 2020 profit will trail analysts’ estimates, while U.S. Steel Corp. reported the worst loss in almost three years and expects similar results this quarter.That’s a blow to markets already reeling from the worsening outbreak of the deadly coronavirus, a factory slump and major cutbacks in corporate spending. It shows how the troubles plaguing the world economy may go deeper than the trade tensions that had dented sentiment through much of last year.“We expect continued …read more […]
Trading Ideas
What Will Buffett Sell Next?
Berkshire Hathaway (NYSE: BRK-B) announced the sale of its newspaper business to Lee Enterprises (NYSE: LEE) this week for $140 million.
Warren Buffett’s firm has owned The Buffalo News since the late 1970s. In the early 2010s, it bought nearly 30 papers for $344 million.
In his 2012 letter to shareholders, Buffett expressed optimism about the importance of local news and prospects for the newspaper business. “I believe these papers will meet or exceed our economic test for acquisitions,” he wrote.
This week’s sale suggests the economics of the news business are too hard for even the world’s greatest investor.
To be honest, the …read more […]
Business News
Virus outbreak, data stoke growth worry to drive stocks lower
Wall Street’s major averages tumbled more than 1.5% on Friday, sealing its worst week in six months, as the spreading coronavirus outbreak, coupled with sluggish U.S. economic data and a mixed batch of corporate earnings, fueled concerns about global growth.
Business News
Deere temporarily closes facilities in China because of coronavirus
Deere & Co. said on Friday it has temporarily closed its facilities in China because of the coronavirus outbreak until the company determines it appropriate to reopen.
Trading Ideas
Amazon says it paid billions in taxes in 2019
Amazon says it paid more than $1 billion in federal income tax expenses amid reports claiming they have paid zero dollars. Yahoo Finance’s Alexis Christoforous breaks it down on The Ticker. …read more […]
Business News
CDC director says risk to U.S. public from coronavirus is low
The risk to the U.S. public from the coronavirus outbreak is low, Robert Redfield, director of the Centers for Disease Control and Prevention, said on Friday.
Trading Ideas
Visa Posts Strong Growth but Misses Analyst Predictions
The credit services provider continued to grow and diversify, but disappointed investors following Mastercard beat Continue reading… …read more […]
Business News
Germany confirms seventh coronavirus case
Germany on Friday confirmed a seventh case of coronavirus, identifying the victim as a man who works at a company in Bavaria where five other workers had earlier tested positive.
Business News
Deere temporarily closes its facilities in China because of coronavirus
Deere & Co. on Friday said it has decided to close its facilities in China because of the outbreak of a coronavirus outbreak until the company determines it appropriate to reopen.
Trading Ideas
Trading a Promising Energy Stock Using Smart Speculation
The perfect speculation.
Is there such a thing?
Probably not…
But the latest pick in The War Room, a stock pick I might add, may come as close as you can get.
The name of this company must remain private, since War Room members are currently in the play. So I’ll refer to this company as “stock X.”
Let me set it up for you…
A speculation is a situation where you risk a little bit in hopes of making a lot. You look for a situation that has a ton of things going for it…
If those things come to pass, even if it’s one or …read more […]
Business News
Wall Street drops as virus outbreak, data stoke growth worry
Wall Street’s major averages tumbled more than 1% on Friday as the spreading coronavirus outbreak along with sluggish U.S. economic data and a mixed batch of corporate earnings fueled concerns about global growth.
Business News
U.S. stocks retreat on virus fears
Concerns over how the spreading coronavirus outbreak will impact growth in the U.S. and abroad is hitting stocks and pushing investors into haven assets.
Business News
Factbox: Countries evacuating nationals from China virus areas
A growing number of countries around the world are evacuating or planning to evacuate diplomatic staff and citizens from parts of China hit by the new coronavirus.