Bridgewater Associates founder Ray Dalio said Thursday that his firm is invested in the stock market but cautious on bonds. In an interview on Bloomberg Radio, the hedge fund manager was asked if he is predicting a bear market. “No. We’ve been long equity markets,” Dalio said. The investor did note risks are rising as […]
Read moreThere's a company reporting after the bell that's beat the Street every quarter for 8 years straight
Earnings season can be hard for traders as they try to game who will beat or miss Wall Street estimates. But one company is making it look easy. Business communications company LogMeIn has reported earnings per share higher than the consensus Wall Street estimate every quarter for the last 8 years, according to research firm […]
Read moreThis article first appeared in Larry Summers’ blog. I have been very sharply critical of what I regard as unprofessional exaggeration by advocates of the Trump tax proposal. Reasonably enough, people have asked what I am for. I strongly support tax reform in general and especially corporate tax reform on the model of the highly […]
Read moreThe U.S. dollar has limped through most of 2017, but suddenly the greenback is surging. That could mean a day of reckoning is at hand for investors who piled into what’s been among the hottest market trades of the year: international stocks. The greenback has climbed by about 1 percent against the euro and near-3 […]
Read more
Thursday marks the busiest day for earnings as a number of tech titans report. Alphabet, Amazon, Intel and Microsoft release earnings after the bell Thursday. The four companies combined represent 25 percent of the Nasdaq 100, and have a combined market cap of nearly $2 trillion — and there are two names in particular that […]
Read moreCatalan regional government president Carles Puidgemont has decided not to call a snap election, he announced Thursday. The politician said he had considered the move — a bid to strengthen his mandate and break an ongoing deadlock with Madrid authorities — but ruled it out because he had not obtained enough guarantees from the central […]
Read moreThe Kingdom of Saudi Arabia intends to invest $1 billion in Virgin Group space companies, according to billionaire Richard Branson’s conglomerate on Thursday. The contract is described as a “partnership on spaceflight, satellite launch and space-centric entertainment,” backed by the Public Investment Fund of Saudi Arabia. The venture will fuel three Virgin companies – Virgin […]
Read moreLike pretty much every big personnel call in this White House, President Donald Trump has turned his selection of a Federal Reserve chair into a version of “The Bachelor” with everyone feverishly guessing who will get the role of leading the world’s most important central bank. Trump has gone so far as to solicit advice […]
Read more
ONE of the perks of owning a bank is the ability to tap it when you need money. The Indian government, which has majority stakes in 21 lenders, is no exception. As it happens, it needs to finance a bail-out of the banks it owns, most of which are in trouble. So under a cunning […]
Read more
[unable to retrieve full-text content] Past … SOMETIMES it feels like the 1970s in the New York Times and Washington Post newsrooms: reporters battling each other to break news about scandals that threaten to envelop the White House and the presidency of Donald Trump. Only now their scoops come not in the morning edition but […]
Read more