Rich Ross, technical analyst at Evercore ISI, is getting bearish on the whole market, but not too bearish, predicting a pullback of 3 percent on the S&P 500 and 5 percent on the NASDAQ-100. The call is based partly on complacency, partly on the time of year, and partly on what he sees are disturbing […]
Read more
To some degree, Wall Street economists and strategists are tasked with telling the future. Predictions are often based on historical research and analysis, and their firms (and clients) hope they’re on the mark. But according to Deutsche Bank’s chief international economist, Torsten Slok, forecasts for one of the economy’s benchmark measurements, the rate on the […]
Read moreArtificial intelligence is being used to improve banking, marketing, the legal field — and now to find which one of the more than 30,000 strains of medical marijuana is best for you. Potbot uses AI to “read” through peer-reviewed medical journals to find studies on cannabinoids, the active compounds in marijuana. Using the research, it […]
Read moreThe most important thing to know about the new $229.99 Echo Show, an Alexa speaker with a screen, is what it doesn’t do. You basically never need to tap the screen for anything, unless you really want to. There is not an “app store” where you hunt around for new things to add to your […]
Read moreA venture capital firm has reportedly lost two key partners after one partner was accused of sexual harassment. Binary Capital partner Justin Caldbeck has resigned, according to Axios. Caldbeck was thrust into the spotlight last week after The Information reported that Caldbeck had made inappropriate advances toward six businesswomen. Caldbeck tried to sleep with one […]
Read moreChances are, billionaire tech entrepreneur Elon Musk had a better weekend than you did. His company SpaceX successfully completed two back-to-back rocket ship launches in a single weekend. On Friday, SpaceX launched and landed a reused rocket carrying the first telecommunications satellite for Bulgaria in a mission that originated at the Kennedy Space Center in […]
Read moreRobert Soros, the eldest son of George Soros, is stepping down as deputy chairman and president of Soros Fund Management, a spokesman for the fund told Reuters. Soros, 53, who will remain an owner at the firm, will set up Soros Capital to look at illiquid investments, including venture capital, the spokesman said. David Milich, […]
Read moreDrugstore stocks jumped on Monday as Rite Aid‘s merger with Walgreens appeared to be closer to gaining approval. Shares of Rite Aid are up over 11 percent on Monday on high-volume trading. The Federal Trade Commission has to approve the merger, and doubts about that approval are easing, giving a boost to drug shares. Fred’s […]
Read more
The S&P 500’s strong 8.9 percent rise since January bodes well for the second half of the year, if history is any guide. The nearly 9 percent boost represents more than twice the average increase during the first six months of all years since 1946 and more gains typically follow such a strong start to […]
Read more
Passive investing is taking a bigger share of the stock market, helping to drive gains. Exchange-traded funds, or ETFs, owned nearly 6 percent of the U.S. stock market as of the end of the first quarter, their greatest share on record, according to analysis by Goldman Sachs. Known as passive investments, ETFs are baskets of […]
Read more