Oil’s modest comeback did little to change the mind of one portfolio manager who is urging investors to avoid crude and energy stocks. Chad Morganlander, portfolio manager at Washington Crossing Advisors, warned against oil on Thursday on CNBC’s “Trading Nation,” saying the fundamentals were looking weaker for the commodity over time. “Our expectation is for […]
Read moreCheck out which companies are making headlines before the bell: BlackBerry – The communication software and services company reported adjusted quarterly profit of two cents per share, compared to forecasts for a breakeven quarter. Revenue did fall below estimates, but the company left its full-year forecast intact and notes that it was profitable for a […]
Read moreEthereum investors shouldn’t worry too much about the digital currency’s flash crash from $319 to just 10 cents in a matter of seconds, blockchain investor William Mougayar said Friday. “I wouldn’t call it a crash,” Mougayar said on CNBC’s “Squawk Box” a day after the plunge. “It was more a flash or a blip or […]
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Tesla is on a tear this year, and trader Todd Gordon says the shares are about to rev up to even more record highs. The automaker hit another all-time record on Thursday, rallying amid the announcement of a possible production plant agreement with Shanghai and a Recode report that the company is looking to create […]
Read moreValuations of U.S. bank stocks are being hit by the ongoing uncertainty surrounding their industry which has been the focus of concerted regulatory attention in recent years, according to a banking analyst at Rafferty Capital Markets. Given President Trump’s pledge to prioritize the rolling back of many of the stricter oversight initiatives introduced in recent […]
Read moreIndia’s largest digital payments company Paytm is looking to expand its footprint to include lending services and credit cards for customers, in a move that threatens to shake up the country’s traditional banking sector further. In an interview with CNBC, Chief Financial Officer Madhur Deora said the launch of its pilot lending program would come […]
Read moreChina will again host the World Economic Forum’s annual June meeting, often called Summer Davos, and innovation is in the spotlight. The world’s second-largest economy has made waves recently with its fast-growing tech sector, marking what experts say is a noticeable shift away from the old image of a copycat China. And it’s a move […]
Read moreFor centuries, innovation in education has been led by powerful and influential countries. That could be set to change, however, with today’s developing nations primed to lead the charge. “It is likely that we could see the transformation of education systems occurring first in developing countries,” said William Altman, tech industry analyst at CB Insights. […]
Read moreThe United States is expected to authorize India’s purchase of a naval variant of the Predator drone, two sources familiar with the situation said, ahead of a visit next week by Indian PrimeMinister Narendra Modi to try to revitalise ties in his first meeting with President Donald Trump. Securing agreement on the purchase of 22 […]
Read moreIt’s summer, and trading is light, but here’s something that might perk your interest: Friday is usually the heaviest volume day of the year. It’s the annual Russell Reconstitution, the day when the Russell indexes are rebalanced. There’s $8.5 trillion in asset benchmarked to or invested in products based on the Russell U.S. indexes. Why […]
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