p>Legendary hedge fund manager Carl Icahn is ramping up the pressure on Apple Inc. (Nasdaq: AAPL) to greatly accelerate its share buyback efforts.
Icahn has been pushing Apple CEO Tim Cook to buy back more shares with its giant $147 billion pile of cash since mid-summer. Last month, Icahn had dinner with Cook to make his case personally.
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You know exactly where I stand on gold, and what my stance is on silver.
You know I'm bullish on palladium, too. And platinum.
But metals don't have to be shiny or precious to make you money.
Indeed, the only "precious" thing about the metal I'm recommending today is its profit potential.
It's huge.
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Money Morning Capital Wave Strategist Shah Gilani joined Stuart Varney of FOX Business' "Varney & Co." today (Wednesday) to go over the bungled and belated September jobs report.
This month's Bureau of Labor Statistics' report, initially scheduled for release Oct. 4, was delayed until Oct. 22 on account of the government shutdown. But it looks like the extra days didn't help sort out jobs data – the BLS is now under fire for releasing numbers that simply don't add up.
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This week, JPMorgan Chase & Co. (NYSE: JPM) agreed to a tentative $13 billion settlement over a government investigation into faulty mortgage loans the company sold to investors.
What most investors don't realize is that the company has been involved in 10 other settlements in the last two and a half years. Here's a rundown of JPMorgan's bad behavior since 2011.
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The $13 billion settlement between JPMorgan Chase & Co. (NYSE: JPM) and the federal government shocked markets this week, as the fines would be a record paid by a Wall Street institution.
According to reports, the sum will amount to approximately half of the company's 2012 profits.
The JPM settlement is another black eye for the company and its weathered Chief Executive Officer (CEO) Jamie Dimon, who had emerged from the financial crisis as a pseudo cult figure with Teflon status.
Here's something that would really get their attention...
by Diane Alter
Netflix (Nasdaq: NFLX) stock had a very short-lived boost from Monday's earnings report.
The earnings report showed great news for the company – Netflix reported it ended Q3 with 29.3 million paid domestic users. The video streaming giant added 1.3 million U.S. customers in the third quarter and is on track to surpass Time Warner's HBO in paying viewers.
Here's what all this will mean for Netflix stock in 2014...
by Diane Alter
Last week's best stocks to buy started out D.C. driven. But when the drama on Capitol Hill subsided – for now, at least – focus turned to third-quarter earnings.
Google Inc.'s (Nasdaq: GOOG) better-than-expected quarterly results and upbeat outlook helped markets move sharply higher.
The S&P 500 Index and the Nasdaq logged their best weekly gains in three months, up 2.42% and 3.23% respectively. It was the Nasdaq's best close since September 2000.
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by Robert Hsu
It certainly seems as though the political gamesmanship that rules Washington, D.C., also rules the markets. But this isn't really the case.
In fact, there's one single "magic" number that far outweighs everything else when it comes to long-term influence.
This number's predictive power has saved me from some of the steepest market drops of the century, and it's given me everything I need to position myself for maximum gains in bull markets.
And the best part is, it's widely available – access to it costs nothing.
It's how you use this simple number that counts...
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If you still needed confirmation this is the slowest economic recovery in history, you need look no further than today's (Tuesday's) September jobs report.
Total non-farm employment in the United States rose 148,000 in September, a soft number well short of the 180,000 expected. The unemployment rate itself fell to 7.2% – the lowest it's been since U.S. President Barack Obama took office.
Here's why we're skeptical of the latest jobs report...
by Diane Alter
Gold moved sharply higher Tuesday thanks to a weaker-than-expected September jobs report – and our country's employment situation is yet another reason why gold prices are up today and will resume their climb…
Perhaps anticipating a weak number, gold prices began moving higher shortly before the jobs report. Gold moved up $5 to $1,320.80 two minutes before the release.
Following the report, gold surged.
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