If you’re looking to get into the stock market, there are three mistakes you’ll want to avoid in order to be successful, says John D. Spooner, author of “No One Ever Told Us That: Money And Life Lessons For Young Adults.” Spooner is a Harvard University graduate and a Boston Globe No. 1 best-selling author. […]
Read moreInvestors are witnessing the second leg of the bull market, and stocks likely have eight to 10 more years to grow, closely followed strategist Jeff Saut told CNBC on Tuesday. “The second leg is usually the longest and the strongest. That’s where earnings start to come on stronger and the economy improves. I think that’s […]
Read moreInvestors should avoid buying CVS Health due to Amazon’s competitive threat and the pharmacy chain’s overly ambitious acquisitions strategy, according to one Wall Street firm. Jefferies reduced its price target to $76 from $86 and reaffirmed its hold rating for CVS Health shares, telling its clients to stay on the sidelines until the uncertainty passes. […]
Read moreCheck out which companies are making headlines before the bell: Tapestry – The company formerly known as Coach reported adjusted quarterly profit of 42 cents per share, six cents a share above estimates. Sales fell short of forecasts, however, with the company pointing to inventory challenges as well as the impact of the recent hurricanes. […]
Read moreDespite threats posed by North Korea‘s nuclear missile program, continuing political crisis in the European Union and delays in the execution of pro-business policies in the United States, business leaders in the United States, Europe and Asia continue to express optimism about economic prospects for the next 12 months. That’s based on the latest YPO […]
Read moreIs there such a thing as too much momentum in today’s market? Not according to one technician, who says stocks haven’t seen this much force since 1999. Jonathan Krinsky of MKM Partners compared the MSCI Momentum index, which tracks stocks with the best performance over the prior year, with the S&P 500. “The spread between […]
Read moreSociete Generale said the French financial prosecutor had opened a preliminary investigation into possible violations by the bank of French anti-corruption laws, and had requested documents on its ties with the Libyan Investment Authority. Earlier this year Societe Generale agreed to pay nearly 1 billion euros ($1.1 billion) to settle a long-running dispute with the […]
Read moreApple’s new flagship iPhone X makes the company more money per phone than its iPhone 8 model, according to an analysis, which found the iPhone X’s flashier parts cost Apple 25 percent more than the iPhone 8, but that it retailed 43 percent higher. The iPhone X smartphone costs $357.50 to make and sells for […]
Read moreFirms exploiting the potential of artificial intelligence (AI) could spawn a completely new sector, the vice chairman of U.S. stock exchange Nasdaq said Tuesday. “I think AI is really going to be the technology behind a lot of these great companies that provide the innovations that will be a new sector we probably don’t know […]
Read moreCurrency, United States Finance
A purge, a resignation and declarations of war: What's going on in the Middle East?
An anti-corruption purge in Saudi Arabia in which 11 princes were arrested, the resignation of the Lebanese prime minister, and a perceived ‘declaration of war’ by Iran – just some of the news coming out of the Middle East in the last few days. CNBC explains what the tumultuous events in the region could signify. […]
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