Oil hasn’t traded above $70 a barrel in nearly three years, but that could soon change. RBC Capital Markets’ Helima Croft says there’s a very high probability Venezuela’s state oil company will default and bring about a steep jump in crude prices. “I think that’s going to be the biggest geopolitical story to watch in […]
Read moreA new digital currency called “bitcoin cash” (BCC), created by the splitting of the bitcoin blockchain, is rapidly rising in price despite lacking crucial support from parts of the cryptocurrency community. “There’s no infrastructure available out of the box, to support BCC,” warned Fran Strajnar, co-founder and CEO of data and research company Brave New […]
Read moreCheck out which companies are making headlines before the bell: Mondelez – CEO Irene Rosenfeld is stepping down from that job in November, to be succeeded by McCain Foods CEO Dirk Van de Put. Rosenfeld will remain as chair until March 31, 2018. Separately, Mondelez reported quarterly profit of 48 cents per share, beating estimates […]
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With Tesla reporting earnings after the bell on Wednesday, trader Todd Gordon of TradingAnalysis.com is hedging his position in the automaker. While Gordon has called Tesla one of his favorite picks, he acknowledges that the stock is “underperforming” on a technical basis going into earnings, based on the stock’s gradual drop toward a “support” line […]
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With the Dow Jones average inching towards 22,000, even Jim Cramer found cause to wonder whether the stock market’s continuous rally is truly sustainable. “We always need to ask ourselves if we’ve gotten too complacent. That’s just a necessity. You do that as part of being a disciplined investor,” the “Mad Money” host said. And […]
Read moreThe three-day sell-off that started last Thursday came and went, and Jim Cramer had some post-pullback advice to share with investors who made it through the pain. “You’ve now been, once again, put through the mill that causes so many people to bail from good stocks. I’ve gottwo pieces of advice,” the “Mad Money” host […]
Read moreGoldman Sachs Chief Financial Officer Marty Chavez said on Tuesday that the market for fixed income trading has not improved much since the second quarter. Chavez said on a call with fixed income investors that low volatility—which caused a slump in trading revenue for Goldman during the second quarter—had “essentially continued into this quarter.” Goldman […]
Read moreDow transports and Dow industrials diverged in July: here’s what it means. While transports fell 4 percent last month, the Dow industrials rose almost 3 percent. This divergence is notable since transports had just hit new highs. But across the board, airlines, railroads, truckers and logistics firms declined. What’s going on? You can only stretch […]
Read moreProcter & Gamble blasted Nelson Peltz’s efforts to join the consumer goods conglomerate’s board, saying the investor was not entitled to a seat and that he was being wrongly advised by people who were not in tune with the company’s operations. P&G’s salvo comes weeks after Peltz’s Trian Fund Management sought a board seat for […]
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Oil prices plunged back below $49 a barrel on Tuesday after another report that OPEC’s output rose last month despite the cartel’s deal to slash production. A survey of analysts conducted by Bloomberg News suggested OPEC’s July output rose by 210,000 barrels a day to 32.87 million barrels a day. That was a bigger jump […]
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