Both of these things are true: Donald Trump is president. U.S. stocks are at a record. While Trump frequently claims that the former caused the latter, the technology industry might beg to differ. Tech giants Apple, Alphabet, Microsoft, Facebook and Amazon are the five top contributors to the S&P 500’s advance this year, accounting for […]
Read moreU.S. stocks gained and the dollar edged up ahead of Asia’s Wednesday trading day as investors awaited the unveiling of China’s new leadership line-up. Tax reform was in focus stateside following news that House Republicans would introduce a tax bill on Nov. 1. The plan’s release will follow an expected House vote on a budget […]
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Chan has accomplished the rapid expansion with the help of Hersing Culinary, a Singapore-based company that also owns the rights to Hong Kong’s Michelin-starred dimsum eatery, Tim Ho Wan. The Hong Kong eatery’s expansion demonstrates the marketing power of the Michelin rating. It has been enormously successful, expanding to more than 40 stores worldwide. It […]
Read moreAs Dow components 3M and Caterpillar brought the average to a record high on Tuesday, CNBC’s Jim Cramer explained why the stock market has been experiencing so many rotations. “This market’s all about rotations and it’s been all about rotations for ages,” the “Mad Money” host said. “There’s just not enough new money coming into […]
Read moreAswath Damodaran, a professor of corporate finance and valuation at New York University’s Stern School of Business, shared his view on bitcoin’s price in an interview with CNBC’s “Fast Money” Tuesday. Damodaran said he would be “OK” with bitcoin‘s massive price gains if the digital currency was usable for daily buying and selling of goods. […]
Read moreCNBC’s Jim Cramer has noticed that this market is keen to forgive all kinds of underperformers, so he checked back in with two of the technology sector’s biggest dogs: GoPro and Fitbit. “Yep, in recent months, both GoPro, the maker of wearable, high-definition video cameras, and Fitbit, the king of wearable fitness trackers, have seen […]
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It’s old news that the market is hitting record highs almost every day, but CNBC’s Jim Cramer has grown concerned that there could be danger lurking underneath the rally. “On the surface, this market does look both astonishingly bullish and astoundingly placid. You’ve never seen a bull this calm before,” the “Mad Money” host said. […]
Read moreAs Dow components 3M and Caterpillar brought the average to a record high on Tuesday, CNBC’s Jim Cramer explained why investors had no choice but to trust the rotation into the industrial names. “When a company like Caterpillar or 3M reports a magnificent earnings quarter, this market takes what they say as gospel and assumes […]
Read moreBitcoin is a currency, a noted New York University professor said in a blog post on Tuesday. “I will argue that bitcoin is not an asset, but a currency, and as such, you cannot value it or invest in it,” wrote Aswath Damodaran, a professor of corporate finance and valuation at New York University’s Stern […]
Read moreNo one is safe from a cyber attack, not even elementary school children. Recently, a hacking group named “The Dark Overlord,” known for hacking Netflix, has been linked to a series of attacks on school districts in three different states reports CNN. The Wall Street Journal reports that cyber-thieves have attacked more than three dozen […]
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