Investing
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Nokia shares weaken as profit misses estimate and company warns on customer spending delay
Nokia shares fell as much as 4% on Thursday as the telecom equipment maker reported worse-than-forecast profit, guided its sales outlook lower, and said customers are beginning to delay spending. Nokia NOKIA, -8.66% NOK, -9.09% said its first-quarter profit fell 32% to €289 million ($317 million) while sales rose 10% to €5.86 billion. Its operating…
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Treasury yields dip on haven demand as stocks open lower
Treasurys rallied Thursday morning, sending yields lower across the board, as investors weighed downbeat U.S. earnings, the prospects of an economic slowdown, and the chance of Federal Reserve rate hikes through June. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.182% slipped to 4.194% from 4.263% on Wednesday. Yields move in the opposite direction…
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These 7 simple funds have beat the S&P 500 for more than 50 years
Long-term investors who can manage a 10-fund equity portfolio, as I described last week, have what I consider the absolute best shot at attractive returns no matter what happens in the stock market. This time, in Part 2 of a series for do-it-yourself investors, I’ll tell you how to get much of that benefit with…
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13 must-dos for your preretirement checklist
“Experts need checklists—literally—written guides that walk them through the key steps in any complex procedure,” according to Atul Gawande, author of “The Checklist Manifesto.” And no matter whether you’re an expert or not, you too need a checklist for retirement planning, especially if you’re five to 10 years away from retiring. Here, according to experts,…
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These five synchronized assets are pointing to a ‘black swan event,’ says market veteran
Blame Elon Musk for the sour mood that’s shaping up for Thursday, as Tesla earnings gloom (see more below) appears to be having a pinball effect across several asset classes. Of course, the day is young, with lots more data and earnings to come, including some regional banks after the sector’s turmoil last month. Assets…
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AT&T earnings to show if the wireless subscriber party has kept roaring
The wireless industry has seen robust net additions over recent years, and Wall Street wants to know how long companies can keep up the strong growth. AT&T Inc.’s T, -0.61% Thursday morning earnings report could provide a hint of what to expect this year. Wall Street forecasts for the company’s first-quarter postpaid net additions span…
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As the original Netflix dies, a new era of ads and password crackdowns is born
Netflix Inc. is finally killing the DVD-by-mail business that years ago made it one of the buzziest names on Wall Street, just as it reshapes itself with another new business model, one supported by ads and password crackdowns. As the two co-CEOs, Ted Sarandos and Greg Peters, had their first earnings interview without co-founder and…
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Netflix misses on subscriber growth and earnings forecast, but stock recovers on ad plans, password-sharing crackdown
Netflix Inc.’s stock initially plunged in after-hours trading Tuesday, after the streaming giant posted weaker subscriber growth and forecast a smaller profit than Wall Street expected. But shares later erased most of their losses on company disclosures that its new ad-supported service is a success and its crackdown on shared accounts in the U.S. is…
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Non-smoking lung cancer is on the rise. Blame pollution, says American Lung Association.
A long-established report card grading air quality around the country has uncovered worrisome takeaways. For one, the American Lung Association, which issues the grades, finds that lung cancer among non-smokers is on the rise, with pollution considered a likely contributor. Second, communities of color are disproportionately exposed to unhealthy air and the serious pulmonary conditions…
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ASML 1Q Sales EUR6.75B
By Kyle Morris ASML Holding NV said Wednesday that first-quarter net sales and gross margin beat guidance due to higher than expected extreme ultraviolet and deep ultraviolet revenue, but that net bookings dropped on quarter. The Dutch manufacturer of lithography systems for the semiconductor industry said that net income was 1.95 billion euros ($2.14 billion)…