Chasing the Yield
Investing for income through dividends and distributions
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Verizon vows to support low cost wireless service
Verizon wants to buy Tracfone. In order to gain favor to get the approval they are vowing to continue to support low cost wireless service for at least three years. Verizon Communications Inc. told federal regulators it would keep supporting low-cost wireless service for three years if it is allowed to buy TracFone, a sign of…
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Are investors overly optimistic?
Investors expecting returns of 17.5% after inflation in the coming years? Wow. In a recent survey of 750 U.S. individual investors, Natixis Investment Managers found these people expect to earn 17.3% this year, after inflation. That might not sound like pie in the sky. The S&P 500 returned 18.4% last year, counting dividends, and is up 15.9%…
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Good jobs report lifts markets
It’s good to see employment is continuing to increase. The more people participating in the economy the better it is for everyone. The U.S. economy added 850,000 jobs in June as the labor market heated up after a spring lull. The unemployment rate, derived from a separate survey of households, rose to 5.9% from 5.8%, the Labor…
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AT&T to use Microsoft’s cloud
Microsoft, which analysts believe to be the second largest cloud computing provider by revenue behind rival Amazon Web Services, has been building out specific cloud computing offering to go after carriers, and AT&T is the Redmond, Washington-based company’s first major win. The two also said that Microsoft will purchase software and intellectual property developed by…
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Robinhood reaches settlement with FINRA
Robinhood agreed to a $70 million settlement which includes $57 million in fines and almost $13 million in compensation to customers. Finra alleged a series of failings by Robinhood, which agreed to a $57 million fine and $12.6 million in compensation for harmed investors. Many allegations involved problems with technology that automated the opening of…
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Cars selling above sticker price?
Talk about making a financial mistake. Who needs a car that badly where you’re willing to pay over sticker for something that loses 20% of its value the moment you take possession? Just say no. Auto makers typically set what is known as the manufacturer’s suggested retail price, or MSRP, a figure that appears on…