The founder of the Virgin Group, Sir Richard Branson, has sharply criticized some Trump administration policies, calling them unhealthy and dangerous, and didn’t spare the lash on Brexit. Branson, who spoke with CNBC onboard Virgin Australia’s inaugural flight between Australia and Hong Kong on Wednesday, said he’s dismayed by the rise in protectionist policies, particularly […]
Read moreOn Wednesday, dramatic declines in the auto and retail sectors did not seem to drag the market down with them, and Jim Cramer shared his reason why. “First, there’s a major change occurring in how individuals spend their time and money. At this point, we’ve all doubtless gotten sick of the term ‘experiential’ to explain […]
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In light of the tug-of-war in the crude oil space, where prices have traded between the low $40s and low $50s since March, Jim Cramer used the charts to try to foresee the commodity’s future. “Despite all of the crude bulls out there, and boy, we’ve got way too many of them, the truth is […]
Read moreTechnology stocks have been fairly consistent out-performers in the stock market, so much so that Jim Cramer wanted to counter growing worries that the tech sector is overvalued. “It seems like every hedge fund manager who still cares about individual stocks believes that tech is too expensive. It doesn’t matter what these companies do, or […]
Read moreWhen Jim Cramer noticed that the market stayed high on Wednesday despite massive declines in two of its most important sectors, he had to investigate. The “Mad Money” host watched swaths of the auto sector topple after auto parts retailer O’Reilly Automotive reported a stark earnings miss, with declines stretching as far as retailers Home […]
Read moreU.S. Ambassador to the United Nations Nikki Haley said on Wednesday that North Korea’s actions were “quickly closing off the possibility of a diplomatic solution” and the United States was prepared to defend itself and its allies. “One of our capabilities lies with our considerable military forces. We will use them if we must, but […]
Read moreCurrency, United States Finance
Europe's markets watchdog wants narrower sovereign rating release time
Europe’s markets watchdog ESMA has told credit rating agencies to publish their European sovereign ratings reports in a tighter window, between 9 pm and 11 pm on Friday London time, sources have told Reuters. The idea, they said, is to create a “more level playing field”. Under European Union regulations, rating agencies including S&P Global, […]
Read moreBank of America rang a warning bell Wednesday regarding all the money that has piled into passive exchange-traded funds. The bank says the massive popularity of ETFs may be leading us on a road to a liquidity problem. The note issued by Bank of America Merrill Lynch’s Global Research department warns “the actual shares available, […]
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Tech stocks are crushing the market this year, but there are signs the sector’s out-performance may be coming to an end, according to financial newsletter The Bear Traps Report. The Nasdaq 100 index is up 15 percent year-to-date through Monday versus the S&P 500’s 8.5 percent return. Larry McDonald, the author of the report, pointed […]
Read moreThe billionaire founder of Facebook Mark Zuckerberg spent his July 4th weekend in Alaska learning about fishing and local economics as part of his “Year of Travel Challenge.” In Alaska, all residents get a yearly cash payment just for living in the state. The trip gave Zuckerberg yet another platform to lobby for universal basic […]
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