Fed Governor Jerome Powell is no stranger in the financial markets, but traders will still give special weight to his views on inflation, regulation — and the tax bill. Powell is set to appear at 10 a.m. ET Tuesday before the Senate banking panel for his confirmation hearing for Fed chair. President Donald Trump picked […]
Read moreU.S. stocks closed narrowly mixed ahead of Asia’s Tuesday trading day, with chipmakers trading lower following Samsung Electronic’s Monday declines. With little data due during the session, markets could turn their attention to events later this week. Tax reform was in focus stateside, with the U.S. Senate expected to vote on a bill on Thursday. […]
Read moreWhile stocks have rallied around it, some Wall Street pros say the tax bill could be almost too much of a good thing for the economy. Joseph LaVorgna, Natixis chief economist for the Americas, said the economy, growing at 3 percent in the second and third quarters, should grow just as quickly this quarter, raising […]
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Former Fortress hedge fund manager Michael Novogratz said Monday that bitcoin can multiply more than four times in roughly the next 13 months. “Bitcoin could be at $40,000 at the end of 2018. It easily could,” Michael Novogratz said Monday on CNBC’s “Fast Money.” “Ethereum, which I think just touched $500 or is getting close, […]
Read moreFor what is now an annual tradition, we are once again attempting to be healthcare soothsayers. We are proud to share with you our 10 healthcare predictions for 2018. But first, we look back on our 2017 predictions. In 2017, amazingly, eight of our 10 predictions came true. We did a good job predicting public […]
Read moreLaura Martin, an analyst covering Roku, predicted on Monday that the stock would reach $50 in the next year, which would require a 27 percent increase from Friday’s close. After one trading day, it’s more than halfway there. Roku shares surged 18 percent following Martin’s report, closing on Monday at $46.52. The company’s market value […]
Read moreA group of U.S. senators sent a letter to Uber’s CEO on Monday saying the company’s recently revealed data breach “merits further scrutiny.” Hackers stole data from 57 million Uber drivers and users, CEO Dara Khosrowshahi revealed on Nov. 21. Uber paid hackers $100,000 to delete the data and keep the breach under wraps, and […]
Read moreIf you’re in the market for a new smartphone or are planning to pick one up for the holidays, you should probably buy it today. Almost all of the best smartphones of the year are on sale for Cyber Monday. Some are being offered with incentives, like receiving a gift card or credit with the […]
Read moreConcern over stock market values is growing at the Fed, with one official worrying that waiting too long to tighten policy could have more serious effects later. In an essay released Monday, Dallas Fed President Robert Kaplan warned about “excesses” in the economy, pointing specifically to stocks and the government debt. The S&P 500 market […]
Read moreOnce again, the indexes are back at new highs, and it’s not just the S&P 500, but the Russell 2000, which badly lagged the S&P for more than a month. The market leader — technology (XLK, SMH) — is also back at new highs. High yield (HYG, JNK), which had a rough time a few […]
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