Chipmakers Advanced Micro Devices, Nvidia and Micron Technology posted strong gains on Wednesday, making up three of the top four gainers as of midday. Tech has been the best-performing sector this year, but it has fallen approximately 5 percent over the past month. The strong showing by chip stocks pulled up a broad swath of […]
Read moreThings change when a spaceship comes to town. Tourists stroll by, whipping out their iPhones to get a photo. New businesses move in. And real estate prices go up even more. Apple‘s new home in Cupertino — the centerpiece being a $5 billion, four-story, 2.8 million-square-foot ring that can be seen from space and that […]
Read moreThis article originally ran on LinkedIn. In 1911, George Eastman, founder of Eastman Kodak, instituted the Kodak Welfare Fund. The Fund assisted employees who were no longer able to work because of accident, illness, or retirement. “We have got to be prepared to do something for men who have grown old in our service, and […]
Read moreIt seems President Trump is ready to start rolling back globalization. Let’s hope he doesn’t blow up the postwar economic order. While Mexican negotiators waited for the United States to make its first move in its proposed renegotiation of the North American Free Trade Agreement, the president last week turned on the invective against another […]
Read moreFollowing a trip to Alaska, Facebook CEO Mark Zuckerberg recently wrote a blog post defending — yet again — the idea of establishing a form of basic income in the U.S. Zuckerberg said he supported Alaska’s Permanent Fund Dividend, which pools money from the state’s oil revenue and returns it to residents at the end […]
Read moreTwo major changes in the mortgage market go into effect this month, and both could help millions more borrowers qualify for a home loan. The changes will also add more risk to the mortgage market. First, the nation’s three major credit rating agencies, Equifax, TransUnion and Experian, will drop tax liens and civil judgments from […]
Read moreSaudi Arabia has been described as the “foremost” financier of Islamist extremism in the U.K. by a right-wing think tank. The report, published by the Henry Jackson Society, citing multiple media outlets, right-wing U.S. think tanks and other websites, links several Saudi charities and organizations to a growth in the number of British citizens becoming […]
Read moreAfter Donald J. Trump won the presidential election, Americans’ optimism about the economic future soared. But midway through the year, that optimism has not translated into concrete economic gains. This seeming contradiction exposes a reality about the role of psychology in economics — or more specifically, how psychology is connected only loosely to actual growth. […]
Read moreBearish investors expecting (or hoping) for bull market cycle to end may be disappointed, as Citi’s global strategy team forecast a further 9 percent gain for global equities by the middle of 2018. The MSCI International World Price Index, a benchmark of mid- and large-cap equities across 23 developed markets, is currently priced at 1,918.9. […]
Read moreWhile some investors may be optimistic on Tesla’s Model 3 production plans, Goldman Sachs is concerned over slowing sales growth of the company’s current electric cars. The report helped send Tesla’s stock down about 5 percent in the first hour of trading. Goldman analyst David Tamberrino lowered his six-month price target for Tesla to $180 […]
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