Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses in this article, http://www.zacks.com/stock/news/180276/this-weeks-growth-amp-income-stock-lyondellbasell-lyb, a stock that might be worth a closer look by investors: LyondellBasell (LYB). This plastics, chemicals and refining company recently delivered a big positive earnings surprise as profit margins expanded rapidly for its products. This prompted analysts to
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Over the last few weeks, Americans have read about the U.S. Internal Revenue Service (IRS) upping its tax enforcement to catch cryptocurrency users who have not paid taxes. According to one report, the IRS may get access to bank inflows and outflows via Joe Biden’s American Families Plan. On top of this, another story explains
Widespread Puerto Rico power outages this week are highlighting the extended age of the Puerto Rico Electric Power Authority’s infrastructure and its impact on the economy. The outages affected 33% to 37% of the authority’s customers since Monday and will continue to afflict many for a few more days, according to PREPA. Demand has been
Bitcoin (BTC) made traders play a guessing game on Sep. 2 as $50,000 looked increasingly shaky as new support. Crypto seeing “spectacular” September Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it criss-crossed the $50,000 barrier after returning to it for the first time in almost two weeks. The largest cryptocurrency saw 4.5%
Thomas Montag Source: Bank of America Two trusted deputies of Bank of America CEO Brian Moynihan will depart at the end of the year, setting up a succession race among the company’s top managers. Tom Montag, 64, who is chief operating officer and leads the global banking and markets division, as well as Anne Finucane,
In this article SCHW Traders work on the floor of the New York Stock Exchange (NYSE) in New York, on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images It’s good to be in an up market. A new Schwab report on self-directed brokerage accounts within 401(k) plans indicate that active traders have
In this article CHPT CHWY SIG HRC LE HRL Check out the companies making headlines before the bell: Hormel (HRL) – The food producer reported adjusted quarterly earnings of 39 cents per share, matching forecasts, with revenue coming in above estimates. However, Hormel gave a weaker-than-expected full-year outlook, noting the impact of higher costs, although
Cardano’s ADA token surged to new all-time highs on Sep. 2 as an altcoin comeback gripped cryptocurrency markets. Cardano joins Ethereum in serious gains Data from Cointelegraph Markets Pro and TradingView showed ADA/USD clipping $3.06 during trading Thursday. Having shown strength for multiple weeks, Cardano benefited from a broader altcoin resurgence after attempting to hit
Co-Founder & CMO at Poplar Homes, a tech-enabled property management company with 2,200+ doors under management across 10 major metros. Property management is going through an evolution right now, and tech providers have stepped up to the plate to disrupt the industry. There are plenty of incentives as to why. Among them, rental market share continues
As wildfires tear across America’s West, the immediate risk is to life and property, but they will eventually affect water supplies. That’s one reason large corporations are beginning to help fund forest restoration in order to mitigate their water risk. The water supply for many communities, including large cities, starts in mountains and national forests.
Municipal trading dropped 25% on Wednesday after an already very slow few days in the secondary, leaving municipal benchmark yields little changed, as U.S. Treasuries also held steady and most participants began checking out for the holiday weekend. For the 25th week in a row, municipal bond mutual funds saw inflows of nearly $2 billion,
YouTube’s paid music streaming services have amassed 50m subscribers, a milestone for Google as it competes with Amazon, Apple and Spotify in the fiercely competitive market. After a slow start since launching in 2018, YouTube’s music streaming services have attracted millions of new paying users in recent months to reach 50m subscribers in August, according
Are millennials buying homes? Check out the latest Zacks Personal Finance 101 video to find out.
Earlier this year, the Chinese government took the momentous step to ban any crypto mining operations based within its borders, causing a massive exodus of hashing power — 168 exa hashes per second (EH/s) to nearly 86 EH/s as of June 23, representing a drop of nearly 40% — from China to surrounding countries. As
St. Louis’ multi-year trend of surpluses garnered an upgrade from Moody’s Investors Service that reverses a trend of downgrades from the rating agency. Moody’s raised the city’s general obligation rating to A3 with a stable outlook from Baa1 Monday. The St. Louis Municipal Corp.’s lease appropriation debt for essential purposes rose to Baa1 from Baa2
In this article SPRT The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021. Dado Ruvic | Reuters Shares of Support.com are poised to extend their massive GameStop-style rally as Reddit-obsessed retail investors zoned in on the heavily shorted software name. The
A view of the New York Stock Exchange Building on Wall Street in Downtown Manhattan in New York City. Roy Rochlin | Getty Images Entertainment | Getty Images September is the worst month, and it may not matter. It’s an old trader saw: September is the worst month of the year. It’s true, since 1945
In this article RUN PHIA-NL CRWD AMBA CPB PVH Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer beat top and bottom-line estimates for its latest quarter, earning an adjusted 55 cents per share and beating consensus by 7 cents. It issued a fiscal 2022 adjusted earnings outlook
Bitcoin (BTC) has been seeing some consolidation below $50,000 as a psychological barrier. However, during this pullback, several big altcoins have been surging in price, suggesting that the “altseason” isn’t over yet Meanwhile, Bitcoin’s price faces a crucial resistance to break through, while Ether (ETH) is already cracking that resistance, hitting a three-month high versus
Rod Khleif Real Estate Investor, Mentor, Coach, Host, Lifetime Cash Flow Through Real Estate Podcast. Commercial multifamily assets are valued based on the amount of net operating income (income minus operating expenses) they produce. The more NOI a property throws off, the more valuable it is. One of the major benefits of a commercial multifamily investment