Marc “Dr. Doom” Faber said Friday the U.S. is no longer leading the pack and Asian and European stocks have relatively good value. Faber, the editor and publisher of The Gloom, Boom & Doom Report, said European stocks, with the exception of the FTSE 100, have outperformed the U.S. and most Asian markets this year. […]
Read moreNASA has let one of its most valuable space exploration missions go up in smoke. On Friday morning, the craft that has been exploring Saturn’s system plunged into the planet’s atmosphere and almost immediately disintegrated. More than $3 billion worth of technology and decades of work just dissolved into flames. But it really was the […]
Read moreApple fans who froze their credit after the Equifax data breach may end up with another hassle on their hands if they try to get one of the new iPhones that can cost more than $1,000. People who rushed to lock down their credit and want to make any other big purchases may find the […]
Read moreA casual observer may assume Bridgewater Associates founder Ray Dalio, who runs the world’s largest hedge fund, only had a charmed investing career filled with success after success. But that isn’t the case, as the legendary investor explained in his upcoming book. He actually went broke eight years after he started his investment firm. Counter-intuitively, […]
Read moreThe big tech rally is starting to lose steam, according to trader Todd Gordon, who says that as a result, it’s time to bet against the sector. “We’ve been watching the tech sector underperform lately, and I think we’re starting to carve out a top,” the TradingAnalysis.com founder said Thursday on CNBC’s “Trading Nation.” To […]
Read moreThe damaged caused by Hurricane Irma will have significant negative ramifications for the cruise line industry, according to one Wall Street firm. Credit Suisse lowered its rating for Carnival shares to neutral from outperform, saying the cruise company is facing a more difficult demand environment. Since Carnival reported earnings in June “there have been three […]
Read moreHundreds of London police embarked on a massive manhunt Friday, racing to find out who placed a homemade bomb on a packed London subway train during the morning rush hour. The explosion wounded 22 people and ignited a panicked stampede to safety. Witnesses described seeing a “wall of fire” as the bomb — hidden in […]
Read moreWith Congress finally making at least halting progress towards tax reform, JPMorgan is advising clients to start preparing for the investing implications. The firm believes that an initial draft on tax reform will be delivered, as promised, by Sept. 25 even though substantial differences still exist within the “Big Six” legislators working on the plan. […]
Read moreCNBC’s Jim Cramer says one would think a company such as Equifax would be more prepared for a massive data breach. Equifax knows “exactly what I don’t want the bad guys to get,” Cramer said Friday on “Squawk on the Street.” “I mean is there anything more than what they have in terms of the […]
Read moreHurricanes Harvey and Irma not only devastated thousands of lives and destroyed billions of dollars’ worth of property, they may also have done long-term damage to the competitiveness of two of America’s most economically important states — Texas and Florida. With a gross domestic product of $1.5 trillion dollars last year, Texas accounted for nearly […]
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