After a long search, Uber has finally named a chief operating officer. Barney Harford, former CEO of Orbitz, will join the company Jan. 2, Uber said on Wednesday. Harford has deep ties with Uber’s new CEO, Dara Khosrowshahi, who was previously the chief executive of Expedia. Harford has been an advisor to Uber since October, […]
Read moreCitigroup strategists now see the S&P 500 ending 2018 a modest 4 percent above current levels without much more help from tax cuts. Tobias Levkovich, Citigroup’s chief U.S. equity strategist, had previously based his forecast on a corporate tax rate cut to 25 percent, but he has updated it because the tax bill that is […]
Read moreAmerica’s millionaires are growing more cautious on the stock market and think this year’s rally will fade in 2018, according to the CNBC Millionaire Survey. Millionaires are more cautious about the stock market than they’ve been in years, with more than a third saying the market will be flat to down next year. Generally, they’re […]
Read moreMillennials are changing the face, and practices, of farming. According to the USDA’s most recent census of farmers from 2012, the number of principal farmers between the ages of 25 and 34 increased 2.2 percent from five years before. In addition, a new survey by the National Young Farmer Coalition finds that millennial farmers are […]
Read moreLet’s pretend you have just been picked to run a small island nation. Congratulations! But don’t settle in to your throne quite yet. A potential catastrophe looms on the horizon. A huge tsunami is coming your way. Fortunately, there’s hope. Yours is a wealthy island. You can’t prevent the tsunami, but you can prepare your […]
Read moreFor over three decades I have learned that the collective wisdom of the markets dwarfs that of any individual analyst, economist or market-watcher. I wrote a book in 2000, “The Message of the Markets,” that forcefully makes that case. The central premise is that as an anticipatory mechanism, the market discounts future economic growth and, […]
Read moreSouth Korea’s army is preparing a special unit that would use drone swarms in combat, and it is expected to become operational next year and could target the North’s missile, nuclear and other military activities. Experts say the small weaponized drones could potentially fly into North Korea to attack rocket launchers, radar installations or communications […]
Read moreWhite House chief economic advisor Gary Cohn is correct to say the stock market has plenty of room to run even after Republican lawmakers pass a tax bill, CNBC’s Jim Cramer said Wednesday. In an interview with Axios on Wednesday, Cohn said he doesn’t believe the GOP’s tax bill is completely priced into the market. […]
Read moreApple is working on tools that will allow developers to easily write one app that will work on iPhones, iPads and Macs, Bloomberg reported on Wednesday. Currently, developers need to write one app for iOS (iPad and iPhone) and then another app for macOS, the software that runs on Apple’s computers. The new feature, which […]
Read moreA British investor who some like to call Britain’s answer to Warren Buffett has given a stark warning on both stocks and bonds. Jim Mellon of the Burnbrae Group says U.S. equities are close to a top, there are ominous signs for the bond market, and profits at large tech companies will likely sag in […]
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