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Updated: 4 min 17 sec ago

MGM sues Vegas mass shooting victims, argues it isn't liable

July 17, 2018 - 2:33pm

MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas. The company argues in lawsuits filed Friday in Nevada and California that it has "no liability of any kind" to survivors or families of slain victims under a federal law enacted after the Sept. 11 terrorist attacks. The lawsuits target victims who have sued the company and voluntarily dismissed their claims or have threatened to sue after a gunman shattered the windows of his Mandalay Bay suite and fired on a crowd gathered below for a country music festival.

Categories: Financial News

The White House Makes a ‘Trillion-Dollar Admission’

July 17, 2018 - 1:51pm

The White House Office of Management and Budget on Friday released its updated annual budget request, known as the mid-session review. The numbers don’t mean much given that the president’s budget won’t be enacted — but they do contain what the Committee for a Responsible Federal Budget calls “a very big trillion-dollar admission.” Namely, the White House’s own deficit projections keep rising, thanks to the recently passed tax cuts and spending increases. The updated budget now includes a projected 2019 deficit of $1.085 trillion, up from $984 billion in February — and more than double the $526 billion the White House called for in its 2018 budget.

Categories: Financial News

Trump Reverses Summit Remarks, Saying Russia Meddled in Election

July 17, 2018 - 11:34am

President Donald Trump said Tuesday he accepts the conclusion by U.S. intelligence agencies that Russia interfered in the U.S. presidential election, marking a rare reversal from comments just a day earlier. Trump came under a torrent of criticism from Democrats and Republicans for statements at his summit with Vladimir Putin in Helsinki Monday casting doubt on U.S. findings that Russia interfered in the 2016 election. “My people came to me and some others, they said they think it’s Russia,” Trump said Monday, while standing next to Putin.

Categories: Financial News

Top Research Reports for AT&T, Home Depot & Cisco

July 17, 2018 - 11:20am

Top Research Reports for AT&T, Home Depot & Cisco

Categories: Financial News

Obama delivers veiled rebuke to Trump in Mandela address

July 17, 2018 - 11:11am

Obama was cheered by thousands in Johannesburg's Wanderers Stadium as he marked the centenary of Nelson Mandela's birth by urging respect for human rights, the free press and other values he said were under threat. "Those in power seek to undermine every institution ... that gives democracy meaning," he said.

Categories: Financial News

Tuesday Apple Rumors: Front Panels for 2018 iPhone Line Leak

July 17, 2018 - 10:59am

Leading the Apple (NASDAQ:AAPL) rumor mill today is news of iPhone panels leaking. Today, we’ll look at that and other Apple Rumors for Tuesday.

Categories: Financial News

Why AT&T Stock Fell 17.4% in the 1st Half of 2018

July 17, 2018 - 10:14am

Ma Bell has had a tough 2018 so far, and it looks like there's more uncertainty ahead.

Categories: Financial News

Google's new 'Grab and Go' project helps business loan Chromebooks to their employees

July 17, 2018 - 10:07am

At Google, the company offers a 'Grab and Go' program that allows employees

Categories: Financial News

Papa John's founder 'isn't going quietly' — he just dragged Kanye West into fight with the board

July 17, 2018 - 9:49am

Papa John's Founder John Schnatter doubled down on claims he made during a television interview Friday in a letter he sent to the company's board of directors Saturday.

Categories: Financial News

Trump is not backing down, defends meeting with Putin

July 17, 2018 - 9:46am

Despite criticism from both the right and left, Trump defends his performance during his news conference with Russian President Vladimir Putin. Yahoo Finance's Seana Smith, Rick Newman and Dion Rabouin discuss.

Categories: Financial News

J&J beats quarterly expectations on drug sales surge, shares jump

July 17, 2018 - 9:31am

The healthcare conglomerate also expressed confidence that last week's finding by a Missouri jury that J&J's talc-based products caused cancer, and an order to pay a record $4.69 billion (3.56 billion pounds) to defendants, would not stand. "We are confident that there are multiple grounds for reversal of this jury verdict and that, ultimately, the case will be reversed," Chief Executive Alex Gorsky said on a call with analysts. J&J shares were up 3.2 percent at $128.70 after earlier climbing as much as 4.6 percent - the biggest one-day percentage gain in over two years.

Categories: Financial News

Tread Carefully After the IZEA Stock Rally

July 17, 2018 - 9:21am

What a Thursday it was for Izea (NASDAQ:IZEA). The nano-cap marketing firm saw its stock rise 174% after it announced a deal to acquire TapInfluence. Izea still has a market cap of less than $20 million after falling 32% since Thursday’s close.

Categories: Financial News

Walmart enlists Microsoft cloud in battle against Amazon

July 17, 2018 - 8:45am

Once a seemingly unstoppable retail juggernaut, Walmart’s been scrambling to

Categories: Financial News

House rep suggests converting Google, Facebook, Twitter into public utilities

July 17, 2018 - 8:30am

Amidst questions about how conspiracy theorists' accounts are treated during

Categories: Financial News

Here's Why MGM Is Suing the Las Vegas Shooting Victims

July 17, 2018 - 8:15am

Here's Why MGM Is Suing the Las Vegas Shooting Victims

Categories: Financial News

Tesla Model 3 is most profitable electric car - consultant

July 17, 2018 - 8:06am

The Tesla Inc (TSLA.O) Model 3 sedan is the most profitable electric car in the automotive industry, according to the head of a top automotive consultant. Sandy Munro, president of Michigan-based Munro & Associates, said the car generates net profit margins in excess of 30 percent. Tesla, whose shares were up 1.7 percent at $315.42 in Tuesday morning trading on the Nasdaq, is pushing to increase production of the Model 3, which starts at $35,000 and is key to the electric carmaker's profitability.

Categories: Financial News

Netflix slides on Q2 earnings, Tesla investors worried, Ford to pay $299M

July 17, 2018 - 7:58am

Netflix, Tesla, Ford, LabCorp, IBM and Groupon are the companies to watch.

Categories: Financial News

Morgan Stanley: Nvidia 'The Cleanest Growth Story In Semis,' With New Products Ahead

July 17, 2018 - 7:40am

Morgan Stanley left a meeting with NVIDIA Corporation (NASDAQ: NVDA ) CFO Colette Kress convinced the weak outlook for the gaming business isn't anything to fret about. The Analyst Analyst Joseph Moore ...

Categories: Financial News

GE Shares Win Dubious Honor of Having Highest Volume in Market

July 17, 2018 - 7:31am

One thing to notice about General Electric Co.’s beleaguered stock: it sure trades a lot. The industrial conglomerate has seen 80 million shares changing hands each day this year, double the level in 2017, data compiled by Bloomberg show. It’s poised to end Bank of America Corp.’s seven-year reign as the most popular company in the S&P 500 by average volume.

Categories: Financial News

Trump facing backlash after siding with Putin over US intelligence

July 17, 2018 - 7:28am

President Trump is set to meet members of Congress today, as the backlash grows over his comments at a summit with Vladimir Putin. The President said he believed Putin’s denials, over the assessment of US intelligence agencies. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer and Melody Hahm discuss.

Categories: Financial News