As a diehard Mets fan, I can tell you with far too much pain and aggravation how long it’s been since 1986. In the thirty-one years since the Mets have failed to win another World Series, Congress has also chosen not to meaningfully update the tax code. So while tax reform still may not be […]
Read moreTesla is inviting institutional investors to take a joy ride in the Model 3 this weekend. An invitation, which was viewed by CNBC, was sent to clients and prospective clients of UBS. It says drivers at the closed-door event will be accompanied by Tesla representatives and barred from taking photos or videos. The event will […]
Read moreSnapchat parent company Snap Inc. is bringing its camera-equipped Spectacles to the UK for the first time in partnership with pop-up mall Boxpark, located in the Shoreditch district of East London. The news, announced on Boxpark’s website today, comes on the heels of Snap’s less-than-stellar earnings report on Tuesday, in which the company said it […]
Read more
Apple could soon surpass a major milestone, according to TradingAnalysis.com founder Todd Gordon. Looking at a chart of the tech giant, Gordon points out what he describes as a “very strong” uptrend going back to the summer of 2016. Drawing a parallel channel line leads the technician to conclude that Apple could rally to meet […]
Read moreNvidia shares are surging as Wall Street is growing more bullish on the company’s opportunities in key secular growth markets. The chipmaker reported better-than-expected fiscal third-quarter earnings and guidance Thursday. Its data center segment sales, where its cards are used for machine learning and artificial intelligence applications, came in at $501 million versus the $461 […]
Read moreCheck out which companies are making headlines before the bell: J.C. Penney – The retailer lost an adjusted 33 cents per share for the third quarter, smaller than the 43 cent loss anticipated by analysts. Revenue beat forecasts, and the comparable-store sales increase of 1.7 percent was higher than the Thomson Reuters consensus of a […]
Read moreCurrency, United States Finance
EU gives the UK a 2-week deadline for the next stage of Brexit talks
The EU’s Brexit negotiator has pressed the U.K. once again to move fast with its negotiations to leave the bloc. Michel Barnier told reporters in Brussels Friday that the U.K. needs to clarify its position in the next two weeks in other to kick off trade talks in December. The EU and the U.K. concluded […]
Read moreThe Nasdaq composite has begun showing clear signs of weakness, according to a strategist who sees trouble ahead for high-flying growth stocks. The Nasdaq on Thursday posted its largest single-day drop in over two weeks. Larry McDonald, founder of the Bear Traps Report, said cracks beneath the surface of the tech-heavy index are signaling further […]
Read more
OPEC and Russian officials have called on some of the world’s leading oil producers, both inside and outside the cartel, to form a consensus and back a supply curb until the end of 2018. OPEC is widely expected to defer an announcement regarding an extension to cuts at its next policy meeting in November. However, […]
Read moreInvestors poured a record $1.3 billion into funds managing tech shares over the past week, contrasting with a picture of ebbing inflow into world equity vehicles and losses on U.S. stock funds, Bank of America/Merrill Lynch (BAML) said on Friday. The data, which tracks flows through Wednesday, also showed some alarm over junk debt, with […]
Read more