Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
2018 is coming to a close on Monday, ending a tough year for stock pickers. Many of the year's big winners took a beating in the final quarter of the year.
The S&P 500 is set to end the year down nearly 6 percent. Stocks lost much of this year's gains beginning in early October before accelerating this month, in what is likely to be the worst December performance for the S&P 500 since 1931.
Here's where the best and worst S&P 500 stocks were before the final day of trading this year. Stocks are ranked by year to date performance, with quarter to date performance included for context on the recent widespread sell-off.
Advanced Micro Devices ripped higher by more than 85 percent until mid-September, peaking at $34.14 a share. AMD was riding high on gains in the computer chip market until the company gave a weaker-than-expected outlook for the fourth quarter of this year.
TripAdvisor and Red Hat were the only two 2018 winners to also buck the recent trend, gaining 4.9 percent and 28.1 percent this quarter, respectively. TripAdvisor reported consistently improving earnings throughout the year, boosted by its growing non-hotel business. IBM announced plans in October to acquire Red Hat in cash at $190 a share, a 60 percent premium from Red Hat's stock price when the deal was revealed.
Cosmetics giant Coty is on pace to be this year's worst performer, cratering more than 67 percent. The stock has sold off nearly ever month of 2018. Coty replaced both its chief executive and chairman in November, as the company has struggled to fine benefit from the 41 brands it acquired from Procter & Gamble in 2016.
General Electric is set to finish a tumultuous year down over 57 percent. This year, GE revealed federal investigations into its accounting practices, was kicked off the Dow index, replaced its CEO with outsider Larry Culp, split up its struggling power business, slashed its long-beloved dividend to a token amount and is fighting to keep its bonds from becoming junk-rated. But the stock has rebounded since touching $6.66, the lowest close of the financial crisis. Two widely-followed Wall Street analysts upgraded GE's stock in December, pointing to opportunity amid the company's