The Trump administration argued in a legal brief Friday that the president has the power to fire the head of the Consumer Financial Protection Bureau, siding with a financial firm that is fighting a $109 million fine in court.
The case at issue is being closely watched by Wall Street and consumer advocates because it challenges the constitutionality of the CFPB. Legal experts say it is unusual for the Department of Justice to lodge such opposition to a federal agency.
“It is virtually unheard of,” said Patricia McCoy, a professor at Boston College Law School who oversaw CFPB mortgage policy in 2011.
The fate of the watchdog agency is in jeopardy as President Trump and Republicans set out to dismantle Obama-era financial regulations.
Established in 2011 as part of the Dodd-Frank Act, the CFPB has taken on shady payday lenders, the nation’s largest student loan company, and big banks like Wells Fargo.
Critics claim the agency creates too many rules and ends up hurting Americans who need credit.
Top High Tech Stocks To Watch For 2018: Sirius XM Radio Inc.(SIRI)
- [By Peter Graham]
A long term performance chart shows Pandora Mediapeaking in 2014 before heading back to where it started while other streaming media stocks such as large cap satellite radio stockSirius XM Radio Inc (NASDAQ: SIRI) has performed better and InternetTV stock Netflix, Inc (NASDAQ: NFLX) has been a homerun:
- [By Rick Munarriz]
There are a lot of people betting against Sirius XM Radio (NASDAQ:SIRI)these days, even as the stock is hitting 10-year highs. There were 280.1 million shares of Sirius XM sold short at the end of 2016, just below the late-November peak of 285.1 million shares but nearly double the short interest that we were seeing a year ago.
- [By Jon C. Ogg]
The long saga regarding Pandora Media Inc. (NYSE: P) has finally come to a head. Well, maybe. Rather than KKR & Co. L.P. (NYSE: KKR) investing $150 million, Sirius XM Holdings Inc. (NASDAQ: SIRI) will be investing up to $480 million in the streaming music rival. With its ticketing unit sale taking place as well, it might seem that Pandora is getting a great deal and helping to bolster its books.
- [By Jon C. Ogg]
Sirius XM Holdings Inc. (NASDAQ: SIRI) is a company that thrives on of new car sales. If you have had satellite radio and are not solely reliant on what you get for music in streaming or your library, then chances are pretty good that you won’t want to go back to just having old-fashioned FM/AM radio.
- [By Ashley Moore]
But before we get to the stock pick, here’s a list of the 10 top-performing Warren Buffett stocks so far this year…
Company YTD Gains Moody’s Corp. (NYSE: MCO) 34.25% Apple Inc. (Nasdaq: AAPL) 30.24% Verisign Inc. (Nasdaq: VRSN) 29.88% Restaurant Brands Inc. (NYSE: QSR) 29.16% WABCO Holdings Inc. (NYSE: WBC) 28.97% Visa Inc. (NYSE: V) 26.20% Liberty Sirius XM Group Class C (Nasdaq: LSXMK) 24.54% MasterCard Inc. (NYSE: MA) 24.35% Liberty Sirius XM Group Class A (Nasdaq: LSXMA) 22.89% Sirius XM Holdings Inc. (Nasdaq: SIRI) 22.81%
Again, we don’t recommend all of the stocks above for retail investors. After all, Warren Buffett is one of the most wealthy and legendary investors in history. He has a completely different set of goals from us.
Top High Tech Stocks To Watch For 2018: PacWest Bancorp(PACW)
- [By Ben Levisohn]
The twenty stocks in Worth’s basket are: Ameriprise Financial (AMP) Bank of America, Banner (BANR), Citigroup, Citizens Financial Group (CFG), East West Bancorp (EWBC), First NBC Bank Holding (FNBC), HFF (HF), KeyCorp(KEY), Legacy Texas Financial Group (LTXB), Lincoln National (LNC), Morgan Stanley, Old National Bancorp (ONB), PacWest Bancorp (PACW), PNC Financial Services Group (PNC), Principal Financial Group (PFG), Stifel Financial (SF), SVB Financial Group (SIVB), TCF Financial (TCB), and Wells Fargo.
Top High Tech Stocks To Watch For 2018: Daktronics, Inc.(DAKT)
- [By Monica Gerson]
Daktronics, Inc. (NASDAQ: DAKT) is projected to report its quarterly earnings at $0.08 per share on revenue of $156.17 million.
Guidewire Software Inc (NYSE: GWRE) is estimated to post its quarterly earnings at $0.06 per share on revenue of $92.43 million.
- [By Monica Gerson]
Daktronics, Inc. (NASDAQ: DAKT) is estimated to report its quarterly earnings at $0.08 per share on revenue of $156.17 million. Daktronics shares slipped 0.13 percent to close at $7.97 on Tuesday.