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Homeowners should be wary of a contractor's ‘lowball’ bid

ANSWER: Yes, it’s true. After roughly 25 years of writing this column, it’s still one of the most bizarre real estate tales that has ever been told: It was a balmy day in Fort Sumner, New Mexico, when homeowner Luciano Mares decided to burn some weeds ...

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Durable Goods smashes Wall Street expectations and will boost 1Q GDPYahoo Finance's Jared Blikre and Alexis Christoforous break down the February Durable Goods report.Read More »China warns U.Sin worsening trade spatTrump's tariffs risks his economic report cardTim Cook on Facebook: Regulation is•22 hours agoHere’s what Warren Buffett says to do when the market tanksOn Friday, as investors reacted to the possibility of a trade war between the United States and China, the Dow Jones industrial average fell 400 points into correction territory, marking its worst week since January 2016The Dow dropped a total of 5.7 percent over the week, while the S&P 500 fell 5.9 percent and the Nasdaq composite fell 6.5 percentThat leaves many investors worried and wondering what to doDuring times of stress and uncertainty, Oracle of Omaha Warren Buffett recommends keeping a level headIn response to wild market fluctuations back in 2016, he told CNBC that buy-and-hold is still the best strategy"Don't watch the market closely," he advised those worried about their10 Things to Know for FridayAssociated PressMarkets Now: Dow Gains 57 Points as Market Looks on the Bright Side of Tariff•23 hours agoWells Fargo Cleaning House as Probes ContinueWells Fargo is shaking up its risk management leadership as it tries to recover from a series of scandalsFour top risk-management executives are retiring, and a reorganization is aimed at better managing risk going forward, according to The Wall Street JournalThe news, laid out in an internal memo, comes amid multiple regulatory probes in the wake of the bank’s fake account scandal and its sale of unwanted insurance policiesWells, with about 14,500 brokers and $1.6 trillion of wealth management assets, has lost hundreds of advisors in the past couple of yearsThe word is that in-branch brokers have been struggling with the brand fallout more than the employee and independent advisors inWells Fargo Risk-Management Leaders Leave in RevampBloombergBiggest Three Banks Gobble Up $2.4 Trillion in New Deposits Since CrisisThe Wall Street JournalMarketWatch•3 hours agoStop saying the Dow is moving in and out of correction! That is not how stock-market moves workThe Dow Jones Industrial Average is in correction territory, a move that took effect on Feb8 when the blue-chip gauge closed 10.4% below its late-January highMarket technicians generally define a correction as a decline of 10% to up to 20% from a recent peak in an assetBut once that security slips in to correction phase, that trend is viewed as in force until it trades above its previous peakRead: History suggests the correction isn’t near over, as this chart demonstrates In the case of the Dow, its previous high was Jan26 when it closed at a record of 26,616.71The Dow DJIA, -1.77% came within 4.5% of that apex on Feb27, but that uptrend falteredAlso read: Did the stock market4 Top Stocks on My Buy Radar During This CorrectionMotley FoolIntraday Update: Gold Loves Tariffs, Even if Stocks Don’tbarrons.comYahoo Finance•yesterdayKroger in merger talks, Nike shares climb in early trade, KB Home up after earningsKroger Shares (KR) are surging here, up over +4.2%The grocer is reportedly in talks with Target on a merger deal, according to Fast CompanyThis is presumably a move to counter Walmart’s huge presence in the grocery space and Amazon’s advance with Whole Foods.After the Bell: As Dow Drops 425 Points, Reasons for Hope and FearBarrons.comThe World's Richest Have Lost $436 Billion Since Late•17 hours agoTech Stocks That Look Fairly Cheap Following the RoutHere are some tech stocks whose multiples look quite acceptable following the recent Nasdaq sellofftrade at steep forward multiples even in the event that they pare back their spending and focus more on their bottom lines (Wall Street has given them a green light to prioritize growth, and it's hard to blame them for taking advantageFacebook, stung by a scandal that has produced a lot of negative press but may ultimately have a limited impact on its top line, now trades for only 18 times its 2018 GAAP EPS consensus, and 16 times its non-GAAP consensus.Bloomberg•22 hours agoU.SStock Market DeclineThe U.Sstock market saw its biggest weekly decline since 2016 as fears of a trade war with China increased #tictocnews More from Bloomberg.comChina Hits Back onIf Trump uses the stock market as a report card, he needs to backtrack on China tariffs: NYSE traderYahoo Finance VideoMarkets Right Now: Stocks plunge on worries over tradeAssociated PressFortune•2 days agoHere's How China Could Really Hurt Trump in a Trade WarDonald Trump is on the warpath against China over trade: On Thursday afternoon, he announced plans to impose a range of tariffs against hundreds of lines of Chinese-made goodsThe surplus flows right back into U.STreasuries, to fund our gigantic and ballooning federal deficits, in addition to providing tons of growth capital to stateside industries—all at bargain ratesHence, the U.Sis extraordinarily dependent on cheap loans from China.The world is on the brink of a trade warCNN MoneyTrump's China tariffs leave room to negotiate, but investors fretCBS NewsThe Street•yesterdayVideo: Billionaire Ken Fisher on the Dow's 724 Point PlungeBillionaire markets guru Ken Fisher, Chairman of Fisher Investments, reacts to Thursday's 724 point plunge in the Dow Jones Industrial average The stock selloff was sparked by worried over a trade war with China.  President Trump announced some $60 billion worth of fresh tariffs on China ThursdayThis comes on top of the steel and aluminum tariffs announced earlier this month.  "The day was like a perfect storm, sometimes you get a tornado, sometimes you get a snow storm, sometimes you get bothSometimes, you get both and an earthquake all at the same time" said Ken Fischer"And today, you got that, where the magnitude of the damage was confused with the size of what would have tariff's imposedHalf of Americans Are Ready for Another Market DropMotley FoolWhat Happened in the Stock Market TodayMotley FoolYahoo Finance•2 days agoMassive U.Sspending bill delivers win to Americans who rely on tipsThe House just passed a $1.3 trillion spending bill that protects employee tipsThe U.SHouse of Representatives and Senate passed a $1.3 trillion spending bill on Thursday, which includes a provision that prevents employers from taking any of their workers’ tipsIt all began in December, when the U.SDepartment of Labor submitted a rule that would rescind a regulation enacted during the Obama administration that required employers to distribute tips to their tipped employees.Congress Introduces Legislation to Ensure Restaurants Can’t Take Servers’ Tip MoneyFood & WineFew noticed, but Congress just banned restaurants from skimming tipsCNN MoneyCNBC Videos•yesterdayMorgan Stanley's stock picks for 'fresh money'The “Fast Money Halftime Report” traders and Mike Wilson, Morgan Stanley chief U.Sequity strategist, discuss Morgan Stanley's "Fresh Money Buy List" that emphasizes a stock-picking environment in the market.InvestorPlace•yesterdayBetting Bullish on a Bank of America CorpStock BounceBank of America Corp (NYSE:BAC) is at the mercy of the markets right nowBAC stock is down roughly 8% from its March 12 highs, largely due to political uncertaintyBank of America is scheduled to release its report ahead of the open on April 16.Bank of America pays $42 million penalty, leads Wall Street in finesAmerican City Business JournalsBank of America 'systematically' misled clients about stock tradesCNN MoneyInvestorPlace•yesterdayMicron Technology, IncStock Is a Strong Buy Amid Wall Street PanicMicron Technology, Inc. (NASDAQ:MU) reported earnings last night and it delivered a decent quarterSince early February, equity markets have been on edge as a slew of nasty headlines poisoned the trader sentiment.Stocks making the biggest moves premarket: NKE, MU, CSCO, PFE, DBX, WYNN & moreCNBCMicron Technology, Inc(MU) Q2 Earnings Top Expectations, Shares•yesterdayGE's businesses are worth at least 25% more in a breakup than previously estimated, analyst saysThe potential breakup of General Electric may unlock more value than previously thought, Melius Research analysts wrote in a note FridayPast looks at the value of GE's individual businesses — also known as a "sum-of-the-parts" analysis — cast doubt on whether a fire sale of GE's assets would even fetch today's price at $13.28 per shareBut Melius found that spinoffs from U.Sindustrial companies return twice the value of the broader stock market, revealing a more optimistic forecast for GE"GE's [sum-of-the-parts] as an example … likely undervalues the assets by 25 percent or more," Melius wroteFormer industrial conglomerates are shedding assets due to pressure from both shareholders andBloomberg•15 hours agoHow to Compare Climate Risk Across the Biggest Oil CompaniesEnergy companies could waste a massive $1.6 trillion by ­ignoring climate risk, according to a study by London-based nonprofit Carbon Tracker InitiativeTo find out which oil and gas producers are most exposed to these risks, use a new app on the Bloomberg terminal that compares companies across the relevant metricsThe 2D Scenario Analysis Tool looks at 68 companies in the S&P Global Oil Index through a climate change lensIt starts with a hypothetical: Let’s say the world manages to act to limit the rise in average global temperature to 2 degrees Celsius (hence the 2D)To do that, demand for fossil fuels will need to fallIt then asks: How would that affect the oil companies? The analysisIn court, oil companies accept climate science but rewrite its historyArs TechnicaOil Companies Admit Climate Change Is Real, Say Don’t Blame UsThe Daily BeastCNBC Videos•2 days agoCramer Remix: Why you should buy high-growth stocks durin...Jim Cramer reveals which stocks you should be eyeing on a down day.Buy These 5 Stocks With Remarkable Earnings GrowthZacksMarch Growth Stock OpportunitiesSimply Wall St.Engadget•2 hours agoFacebook and Cambridge Analytica hit with first state lawsuitFacebook and Cambridge Analytica are already dealing with numerous private lawsuits over non-consensual data sharing, but they now have to grapple with a state-level lawsuitCambridge Analytica allegedly broke the law by misrepresenting its "thisisyourdigitallife" app as an academic research tool when it was really meant to harvest personal data against Facebook's agreementsFacebook, meanwhile, was accused of falsely promising to protect user data and doing nothing to stop Cambridge Analytica for years after learning of its behavior.Cambridge Analytica has commissioned a third-party auditEngadgetFacebook, Cambridge Analytica Share A Liking For Beta Tests In The Developing WorldHuffPostAssociated Press•13 hours agoUS charges 9 Iranians in massive hacking schemeThe Trump administration announced criminal charges and sanctions Friday against Iranians accused in a hacking scheme to pilfer sensitive information from hundreds of universities, private companies and American government agenciesThe nine defendants, accused of working at the behest of the Iranian government-tied Islamic Revolutionary Guard Corps, hacked the computer systems of about 320 universities in the United States and abroad to steal expensive science and engineering research that was then used by the government or sold for profit, prosecutors saidThe hackers also are accused of breaking into the networks of government organizations, such as the Department of Labor, the Federal Energy Regulatory Commission and the United Nations, and private sector entities including technology companies and law and consulting firms.US targets 10 Iranians over university cyberattacks and HBO hackCNETIranians hacked thousands of US professors, Justice DeptsaysCNNZacks•yesterdayWhy Is Energy Transfer Partners (ETP) Down 7.6% Since its Last Earnings Report?It has been about a month since the last earnings report for Energy Transfer Partners, L.PETPBefore we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalystsEnergy Transfer Partners delivered fourth-quarter 2017 earnings of 36 cents per limited partner unit, surpassing the Zacks Consensus Estimate of earnings of 28 cents.Delphi Technologies (DLPH) Down 2.8% Since Earnings Report: Can It Rebound?ZacksHere's Why You Should Invest in Northern Oil and Gas NowZacksBloomberg•yesterdayNissan Wants to Sell One Million Electric Vehicles a Year by 2022Six months after unveiling its revamped battery-powered Leaf, Nissan Motor Cois pressing ahead with plans for an array of electrified vehicles in a bid to boost sales of the cars sixfold in five yearsThe Japanese carmaker set itself an annual target of selling 1 million new energy vehicles, including those with its e-Power powertrains, by the year ending March 2023, it said in a statement FridayThe plan includes developing eight pure EVs and staging an offensive in China under different brands, it saidThe maker of the Leaf, once the world’s best-selling EV, is seeking to regain the lead it had lost to rivals including Tesla Incas the rapidly expanding market gets crowded with Chinese startups and other established manufacturers such as Volkswagen AG and General Motors CoFacing a plateauing market in the U.Sand waning demand at home, Nissan is spending 1 trillion yen ($9.5 billion) over five years in China to help tap buyers.Nissan Slows Output After U.SDemand Drop Led to Bloated SupplyBloombergNissan’s stylish street lamp puts old EV batteries back to workDigital TrendsZacks•yesterday4 Low Beta Stocks to Buy as Trade War Looks RealPresident Donald Trump finally set in motion tariffs on as much as up to $60 billion in Chinese imports on ThursdayConsequently, China too has announced plans for reciprocal tariffs on $3 billion of imports from the United States, giving rise to fears of an ensuing trade warThis too seems to have been proven wrong this time, as the markets failed to start the month on a high owing to Trump’s proposed imposition of 25% and 10% tariffs on imported steel and aluminum, respectively.Trade War Fears 2018: Here Are 7 Things to KnowInvestorPlaceSome Chinese Stocks Are Doing Fine in This U.STrade RiftBloombergThe Street•yesterdayDropbox Stock Explodes 40% in Its Public DebutDropbox (DBX) is now a public company after a resounding reception by Wall Street.  Shares of the data storage firm popped more than 40% on Friday as it debuted on the NasdaqWith 500 million plus users, a good revenue growth story to tell and a lack of tech IPOs of late it's no surprise Dropbox was welcomed.  Dropbox chief operating officer Dennis Woodside tells TheStreet the company's growth prospects are solid, despite tough competition from Action Alerts Plus holdings Amazon (AMZN) and Alphabet (GOOGL) Added Listen Listen to TheStreet's Technically Speaking podcast to learn how to protect your data in the wake of Facebook's (FB) breach.Dropbox surges 36% in trading debutBusiness InsiderDropbox shares close up 35 percent in biggest tech debut since SnapReutersThe Street•yesterdayCox exec takes shots at "bullet-proof" AT&T merger defenseA Department of Justice witness from cable provider Cox Communications Inctook shots on Thursday at AT&T Inc.'s (T) merger with Time Warner Inc(TWX) and a "bullet-proof" arbitration clause the merger partners have proposedCox Vice President of Content Acquisition Suzanne Fenwick was the first of several Time Warner customers and DirecTV competitors to testify in U.SDistrict Court in Washington about the bargaining leverage the AT&T would gain by owning a premier film and TV producer alongside the largest U.Spay-TV companyAT&T's DirecTV and DirecTV Now are "our toughest competition" Fenwick said, pointing out DirecTV's media platforms, aggressive marketing and its market shareMeanwhile,DOJ’s Lead Witness Against AT&T Knocks Time Warner Deal But Gets Grilled: “You Should Have Done Some Homework”DeadlineAT&T and Justice Department Face Off in Court Over Time Warner MergerBloomberg VideoThe Street•23 hours agoElon Musk's Pay Package Could Be Worth $50 BillionAll of the riders in the recently approved 10-year pay package for Tesla Inc(TSLA) CEO Elon Musk could total more than $50 billionTesla says that the stock options in the package are worth $2.6 billion at current values, however, the pay scale incentivizes the CEO to increase the company's market cap from current levels in the $50 billion range to $650 billion.  The company's board has credited Musk with increasing Tesla's market capitalization 17 times from where it was when Musk signed his previous incentive package in 2012.  Musk, who currently owns more than 20% of Tesla shares, will get stock worth 1% of the company for each of the 12 milestones that are detailed in the new package. Elon Musk joins #deletefacebook boycottFOX News VideosElon Musk: Starting SpaceX and Tesla were 'the dumbest things to do'•7 hours agoCould Starbucks Be Affected In a Trade War?Market participants are searching for potential trade war victims among U.SstocksRemember, of course, that assumes a full-blown trade war breaks out, which has not happened, but stocks are forward-looking discount mechanisms, so it's worth stress-testing your holdings for exposure to a trade tiff between the U.Sand Chinawould be the most obvious victim of a U.S.-China trade war, but many other names have been tossed around over the past two weeks.MarketWatch•yesterdayA Dow Theory sell signal could trigger a selling avalancheIt would take only a small market drop on Friday to trigger something big — a sell signal from the famous Dow TheoryThe first is that the Dow Theory has been beating the market for an awfully long timeThe second reason to be on your guard for the possibility of a Dow Theory sell signal: The timing system is widely followed, so a sell signal could generate an avalanche of selling.if (window.performance) {window.performance.mark && window.performance.mark('FinStream');window.performance.measure && window.performance.measure('FinStreamDone','PageStart','FinStream');}if (window.performance) {window.performance.mark && window.performance.mark('Col1-4-AdUnitWithTdAds');window.performance.measure && window.performance.measure('Col1-4-AdUnitWithTdAdsDone','PageStart','Col1-4-AdUnitWithTdAds');}if (window.performance) {window.performance.mark && window.performance.mark('Col1-5-AdUnitWithTdAds');window.performance.measure && 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