Latest Blogposts

  • She’s not in the bankers’ back pockets. No, siree. Hillary Clinton may have received millions of dollars from Wall Street—in both personal income and campaign contributions—but she can ditch those well-heeled friends at a moment’s notice.

    To prove it, she has postponed (but not canceled) two fundraisers with Big Finance, one with the huge investing firm BlackRock and the other with an affiliate of Bain Capital, Mitt Romney’s old outfit. This comes amid Clinton’s unconvincing answers when pressed on her apparent coziness with banks and financial firms. When CNN anchor Anderson Cooper asked Clinton recently why she accepted $675,000 from Goldman Sachs for giving a grand total of three speeches, she stammered and finally said, “That’s what they offered,” as if she would have taken 25 bucks and a free sandwich, if that’s all Goldman were able to afford.

    Clinton is obviously flummoxed by her relationship with Wall Street, which she needs but can’t fully acknowledge. Her Democratic rival

    Read More »from Hillary Clinton’s real Wall Street problem: She could seriously use the money
  • 6 reasons why Silicon Valley loves Canada

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    [Prime Minister Justin Trudeau visiting Kitchener-Waterloo, Ont., on Jan. 14 for the opening of Google’s new office. Photo: @JustinTrudeau]

    You may not be aware of it, but Canada has likely played a big role in the technology you use in your everyday life. Big tech names like Microsoft and Google have had offices and research labs in Canada for years and seem to be here to stay. Google, for example, is making itself more at home by moving to a bigger office space in the Kitchener-Waterloo area in Ontario.

    Now, one of the biggest names in tech today, Apple, is setting up shop in Ottawa. According to the Ottawa Citizen, Apple will open a 22,000 square foot space in the nation’s capital, and as this office is across the street from BlackBerry’s largely automobile-focused QNX Software Systems, that has led some to believe the space may be related to the much rumoured Apple Car.

    Apple, Google and Microsoft are far from the only tech giants that have been opening up offices and/or research

    Read More »from 6 reasons why Silicon Valley loves Canada
  • Dumb things CEOs say out loud

    Chip Wilson, the Lululemon founder who has a chronic case of foot-in-mouth disease, had another flare up this week.

    In an interview with a New York Times reporter, the 60-year old Vancouver-based billionaire shamed her in front of his staff for being 15 minutes late to a breakfast meeting, inferring that it was an example of “Jewish Standard Time.” He would go on to remark about the company around the table - all young women, most of them employees - highlighting “the beautiful girl I get to sit beside.”

    Sigh. Okay, Chip.

    This isn’t the first time he’s said something inappropriate. He resigned from his own company in 2013 after stock prices tanked when he suggested that Lululemon’s yoga pants “don’t work for some women’s bodies.” The company later recalled about 17 per cent of its pants because they were too transparent.

    Wilson’s misadventures had us looking back at other blunders CEOs have made in public.

    Dov Charney is the Montreal-born founder and former CEO of clothing chain

    Read More »from Dumb things CEOs say out loud
  • LinkedIn drags down its fellow momentum monsters

    Driving the momentum tech names down significantly on Friday are two key stocks: LinkedIn (LNKD), which fell more than 40% after its fourth quarter report, and Tableau (DATA), off a staggering 50%.

    The sell-off in the broader cloud-oriented names on Friday is significant: Salesforce.com (CRM) sold off 13%, Workday (WDAY) down 16%, and ServiceNow (NOW) off 11%.

    While LinkedIn and Tableau issued guidance meaningfully below the street, the signfiicant drop in shares for both stocks reflects a shift away from momentum-oriented stocks and lack of willingness to pay up for growth in a more uncertain and volatile macro environment.

    Going into the quarter, LinkedIn 2016 EPS estimates stood at $3.70, according to FactSet, giving the stock a steep 52x multiple going into the quarter. For Tableau, EPS estimates stood at $0.62, according to FactSet, putting the forward P/E at 130x into the quarter. Even after the sell-off, valuation remains high at 35x and 100x for LinkedIn and Tableau,

    Read More »from LinkedIn drags down its fellow momentum monsters
  • Meet the tech company using motion sensors to track NFL players

    If you've watched a football game in the past two years, you've heard the broadcasters mention some kind of compelling number and cite it to "NFL Next Gen Stats." The number could be about, say, the speed at which a player ran, or the "closing distance" between a receiver and the defender that caught up to him. All of those numbers come from an unlikely source: motion sensors inside the shoulder pads of the players on the field.

    The motion sensors communicate with a radio-frequency (RFID) system put in place by Zebra Technologies (ZBRA), which partnered with the NFL in 2014 to launch in 18 stadiums. Now, Zebra's tracking technology is in every NFL stadium, plus Aloha Stadium in Hawaii (home of the Pro Bowl) and London's Wembley Stadium (where three NFL games were played this year).

    This was the second full season that the NFL used Zebra's tech to glean the kind of insights that cater to stat-heads and fantasy-football obsessives. And the data doesn't just show up on the TV at home—if

    Read More »from Meet the tech company using motion sensors to track NFL players
  • Stacy Brown-Philpot, COO TaskRabbit

    Yahoo FinanceYahoo Finance

    Growing up in Detroit, Brown-Philpot, 40, says every day she encountered hard working people with tangible skills who couldn’t find jobs. It’s not hard to see why she took on the role of COO at job outsourcing site TaskRabbit in 2013. “TaskRabbit is revolutionizing everyday work, and for me, that means helping the company create work opportunities for people who might not otherwise have them,” she told Yahoo Finance.

    Career highlights: Recently named to Forbes 40 under 40 list; spent 9 years at Google leading global operations for flagship products like search and Chrome (she counts Sheryl Sandberg among her mentors); holds a seat on the board of HP (HPQ).; founded the Black Google Network to encourage diversity; earned her M.B.A from Stanford University.

    On making the decision to move to India to run Google’s sales operations without her husband and family: “Imagine living your entire life on a balance beam -- stressful, right? Instead, I like to

    Read More »from 5 black business leaders who are changing the face of Silicon Valley
  • Market flops as jobs data stokes rate fears; Clinton's Wall Street problem

    Stocks tanking to end the week as jobs Friday doesn't give the market boost. We break down all the late-day trading action, as well as the week that was with Yahoo Finance columnist Rick Newman, Cathie Wood of Ark Invest, and Michael Regan, columnist for Bloomberg Gadfly.

    Winners and losers

    Let's take a look at some of today's winners and losers. Stocks ending the week on a bad note include LinkedIn, beaten down after earnings. It's the same story for Lionsgate and Hanesbrands—the underwear and activewear maker sliding after issuing a weak sales outlook for 2016.

    Stocks that pushed higher in Friday's session include the insurer Aon, Tyson Foods on earnings, and Symantec—the security and backup solutions firm popping after reporting an earnings and revenue beat, plus Symantec revealed strategic investments from Silver Lake Partners and activist hedge fund Elliott Management.

    Looking Ahead

    And now a look ahead at what will be making headlines on Monday. Earnings season continues next

    Read More »from Market flops as jobs data stokes rate fears; Clinton's Wall Street problem
  • Wingstop is ready for the Super Bowl

    Football fans love their wings. In fact, according to the National Chicken Council's 2016 Wing Report, 1.3 billion wings will be devoured during this Sunday's match-up between the Carolina Panthers and Denver Broncos. 

    And one chain, Wingstop (WING), expects to sell more than the 8 million wings they sold on last year's Super Bowl Sunday. The company, which has 845 locations around the world, has seen its popularity grow in recent years.

    The company went public in June 2015, pricing at $19 per share and rising 61% on its first day of trade. While shares have declined in the after-market, CEO Charles Morrison joined Yahoo Finance at the ICR Conference in Orlando, Fla., to emphasize the company's strong prospects going forward.

    The company experienced 7.9% same-store sales growth in 2015, above expectations, and marked 12 consecutive years of positive same-store sales growth.

    Meanwhile, Buffalo Wild Wings (BWLD) had a difficult 2015, down 13%, followed by a volatile start to the year

    Read More »from Wingstop is ready for the Super Bowl
  • A woman poses in front of a monkey-shaped installation in Beijing, China, Feb. 5, 2016. (Reuters)A woman poses in front of a monkey-shaped installation in Beijing, China, Feb. 5, 2016. (Reuters)

    On Monday, many Canadians will celebrate the end of the lunar calendar, which marks the beginning of the traditional Chinese Year of the Fire Monkey.

    Rooted in Ancient China’s agriculture-based society – which used to encompass parts of Vietnam, Indonesia, Malaysia and Singapore – Asian populations have traditionally used the moons cycles to know when to plant seeds and when to harvest. More recently, the lunar cycles have been applied to wealth management and finances to predict prosperity.

    “From a financial perspective, basically the monkey is a trickster, the monkey can be unpredictable and is very intelligent and very innovative,” says Kristi Stangeland, who is founder of the Toronto-based Feng Shui Consulting Service, a company dedicated to helping corporate and private clients realize their goals using Feng Shui practices, and former CPA with PricewaterhouseCoopers and J.P. Morgan Chase. “Fire is combustible and hot.”

    The combination is part of a rotating system of 12 zodiac

    Read More »from Year of the Fire Monkey to bring volatility and financial mischief
  • We all go to the bathroom for relief, but our wasteful habits result in loads of money and natural resources down the drain. For some economic relief, here are four small habits you can change to save big and lead a greener lifestyle.

    Install a water-saving showerhead

    Get this: the average American family uses about 40 gallons of water just to shower each day, according to the U.S. Environmental Protection Agency (EPA). And 20% of that running water goes down the drain while we wait for the water temperature to get just right.

    We’re not saying you should jump into a cold shower, but if you switch your showerhead to one with a “WaterSense” label, it could save your household 2,900 gallons of water per year. And with less water to heat, you’ll save on energy, too.

    If every single U.S. household were to switch over, we’d instantly save close to $5 billion a year, as the EPA estimates a collective annual savings of $2.2 billion in water utility bills and $2.6 billion in energy costs to heat

    Read More »from 4 ways we’re flushing money down the drain - in the bathroom
  • Goldman Sachs helped Hillary Clinton get rich? So what

    In April of 2014, Hillary Clinton earned $225,500 for giving a speech to the Institute of Scrap Recycling Industries in Las Vegas. Scandalous? Hardly. Clinton was a private citizen at the time, earning every dollar she could as one of the most popular paid speakers in the world. Her talk to the recyclers generated absolutely no hint of controversy.

    A few of Clinton’s other speeches have come back to haunt her, however. Between 2013 and 2015, Clinton earned $3.7 million from 16 speeches she gave to Wall Street firms including Goldman Sachs, Morgan Stanley, Deutsche Bank, and Bank of America. Critics claim those lavish payouts show that big banks have Clinton in their back pockets, a claim Clinton has struggled to refute. When CNN anchor Anderson Cooper asked about three speeches to Goldman Sachs in 2013 that earned her $675,000, Clinton waffled and stoked the controversy instead of quelling it. (A list of all paid speeches Hillary Clinton gave during the last three years is at the

    Read More »from Goldman Sachs helped Hillary Clinton get rich? So what
  • Shkreli theatrical display misses core biotech pricing issues

    Former Turing CEO Martin Shkreli, who has become the poster child for unfettered ambition and greed in the pharmaceutical space, has struck a nerve with increasingly frustrated Americans about the sometimes astronomically high cost of drugs. And the latest chapter in the Shkreli saga, Thursday's congressional hearing, has only made matters worse.

    The investigation into Turing, along with Valeant (VRX), has brought the sector's drug-pricing practices into the public consciouness at perhaps the worst moment possible -- during presidential campaign season. The iShares NASDAQ Biotechnology Index (IBB) and the SPDR S&P Biotech ETF (XBI) have both fallen about 30% since their July 2015 highs, reflecting, in part, uncertainty over pricing and regulation.

    Hillary Clinton's September 21st tweet condemning high prescription drug pricing for the sector included a link to a New York Times article on Turing. This tweet, which caused a sell-off in the broad biotech sector, reflects the conflation

    Read More »from Shkreli theatrical display misses core biotech pricing issues
  • Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.

    Tyson Foods

    Tyson Foods’ (TSN) stock is soaring after the largest meat processing company in the United States posted better-than-expected earnings. Its quarterly results were driven by a sharp decline in livestock and feed costs. Tyson Foods posted net income of $461 million, or $1.15 per share, for the first quarter, up from $310 million on year ago. The company has also upped its full year earnings forecast.

    LinkedIn

    Investors are dumping shares of LinkedIn (LNKD) after the company gave weak guidance for the current quarter and all of 2016. The professional networking site missed Wall Street estimates as growth slowed in its ads business to 20% in the fourth quarter, down from 56% a year earlier. LinkedIn’s Chief Financial Officer Steve Sordello added that the firm’s recruitment services business is facing pressure overseas given “current global economic

    Read More »from Tyson Foods soars; investors dump shares of LinkedIn; Lions Gate crushed on soft box office performance
  • Stocks (^DJI^GSPC^IXIC) are stumbling after the Labor Department reported just 151,000 jobs were created in January, fewer than economists had forecast. The unemployment rate, however, dropped to 4.9%, beating expectations.

    Yahoo Finance's Alexis Christophorous talks about that and some of the other big stories of the day with Yahoo Finance's Nicole Sinclair and David Nelson, chief strategist at Belpointe Asset Management.

    Momentum stock woes - "FANG" and "BAGEL" indices down in 2016

    It's been a bad year for stocks overall, but especially so for some of the high momentum winners of 2015. We're talking about the so-called FANG stocks, which include Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google/Alphabet (GOOGL) as well as for the lesser-known BAGEL stocks, which include Alibaba (BABA), Amazon, Google, Expedia (EXPE), and LinkedIn (LNKD). While the S&P 500 is down about 7% this year, FANGs are down nearly 14%, and the poor BAGELs are down more than 24%.

    Wall Street is THE

    Read More »from Jobs report reaction; LinkedIn & momentum stocks; Super Bowl ads for millennials
  • LinkedIn hits 52-week low; Tyson profit jumps; Symantec gets cash infusion

    Here are some of the stocks the Yahoo Finance team will be watching for you today.

    LinkedIn (LNKD) shares hit a 52-week low in early trading after the professional networking site provided a weaker-than-expected profit and revenue outlook for its current quarter. The company and analysts citing headwinds in its online sales business, economic pressure overseas and its decision to pull the plug an advertising product launched last year. This comes as it posted a beat on both its top and bottom lines in the fourth quarter.  

    News Corp. (NWSA), Rupert Murdoch's media conglomerate, which owns the Wall Street Journal and the New York Post, handed in fiscal second-quarter earnings that missed analysts' estimates, as ad sales declined and the stronger U.S. dollar weighed on profits.  But revenue came in slightly above forecasts even though sales fell for the fourth straight quarter.  

     Get the Latest Market Data and New with the Yahoo Finance App

    Symantec (SYMC), the company behind the Norton

    Read More »from LinkedIn hits 52-week low; Tyson profit jumps; Symantec gets cash infusion

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