U.S. crude oil surged into the close of trading to settle above the key psychological level of $50 a barrel. U.S. West Texas Intermediate crude ended Monday’s session up 46 cents at $50.17, its first close above $50 a barrel since May 24. That pushed WTI’s monthly gain to about 9 percent, making July the […]
Read moreApple is set to report earnings after the bell on Tuesday, a report that will most likely show that the $774 billion behemoth has even more money in the bank. To be precise, Apple is expected to report adjusted earnings of $1.57 per share on revenue of $44.89 billion in the June quarter, according to […]
Read moreFor years, American companies have been saving money by “offshoring” jobs — hiring people in India and other distant cubicle farms. Today, some of those jobs are being outsourced again — in the United States. Nexient, a software outsourcing company, reflects the evolving geography of technology work. It holds daily video meetings with one of […]
Read moreWhen it comes to stocks, the best advice is to stick with the old adage and follow the money. More and more, “follow the money” means following flows into exchange traded funds. And July is continuing the strong trend we have seen all year, with $23.4 billion of investor money flowing in, finally putting ETFs […]
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Investors may be in for disappointing market returns in the decade to come with valuations at levels this high, if history is any indication. Analysts at Goldman Sachs pointed out that annualized returns on the S&P 500 10 years out were in the single digits or negative 99 percent of the time when starting with […]
Read moreMillions of Americans rely on the stock market as their primary wealth-building tool. Without it, the “American dream” would be even more unachievable than it is today. People put an incredible amount of faith in the stock market. By implication, investors must think Wall Street is well-protected – that when you buy a stock, it […]
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After testing out digital currencies earlier this month, independent stock research analyst Ronnie Moas on Sunday published the first two parts of his 122-page report on bitcoin and other digital currencies. “In my view, the genie is out of the bottle, and cryptocurrencies will continue to rise and take market share away from stocks, other […]
Read moreSam Altman thinks health care is too expensive, housing in California is too hard to find and the U.S. government needs to commit to funding cutting-edge research and combating climate change. And he’s ready to spend big, he told Recode, on a new political movement that aims to put those issues on policymakers’ radars. After […]
Read moreReddit has raised $200 million in new venture funding and is now valued at $1.8 billion, according to CEO Steve Huffman. The new funding round, the company’s largest ever, should expedite a number of internal product and business efforts, including a redesign of its homepage and its first foray into user-uploaded video, Huffman added in […]
Read moreApple shares have fallen for three straight sessions, heading into its quarterly earnings report scheduled for Tuesday after the bell. Some strategists are predicting that an iPhone 8 bombshell on the company conference call could further spook investors. “I don’t think this looks good here right now; I would sit back and wait on Apple,” […]
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