Marc “Dr. Doom” Faber has a warning for investors — brace yourselves for another financial crisis. Just last week, Federal Reserve Chair Janet Yellen said another crisis like the one in 2008 was not likely to happen “in our lifetime.” Faber told CNBC’s “Squawk on the Street” on Monday that “I’m 71 and for sure […]
Read moreOPEC has lost its grip on the oil market, but oil prices will likely set a bottom in the low $40s per barrel, according to the latest CNBC Oil Survey. Sixty percent of participants agree that OPEC has lost control of the oil market, and the same percent also expect the cartel to continue its […]
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Goldman Sachs is out with a call on bitcoin, and chart analyst Sheba Jafari expects the digital currency could rise as high as $3,915. That would be 52 percent above Monday’s price of about $2,567. “The market is in wave [four] of a sequence that started in the late-’10/early-’11 lows,” Jafari wrote in a Sunday […]
Read moreLike 21% of Americans, I’ve listened to a podcast in the last month. For me, these have helped transform a meaningless commute time into idea generating time. As someone most interested in investing in public tech and media companies, I tend to gravitate to podcasts that delve into these areas. That usually means I scan […]
Read moreFrench President Emmanuel Macron on Monday said he would go directly to voters via referendum if parliament does not vote major institutional reforms quickly enough. In a much-touted policy speech to both houses of parliament which was strong on broad principles but carried little concrete announcements, the new president confirmed he wanted to add a […]
Read moreFour former top Barclays executives appeared in court in London on Monday to face charges that they conspired to commit fraud during the bank’s 12 billion pound ($15.56 billion) emergency fundraising in 2008. Former Chief Executive John Varley along with Roger Jenkins, Tom Kalaris and Richard Boath were charged by Britain’s Serious Fraud Office last […]
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Starbucks shares have fallen nearly 10 percent in the past month, but one top technician says the coffee chain is poised for a breakout. The stock “has been weak and may have some bounce potential,” Carter Worth of Cornerstone Macro said Friday on CNBC’s “Options Action.” While analyzing Starbucks charts, Worth pointed out a specific […]
Read moreThe unemployment rate is at a 16-year low and major stock indexes are scraping the heavens — but former Labor Secretary Seth Harris says he has reason to doubt the strength of the job market. “To me the big number is always wages, real wages,” said Harris, who served during the Obama administration. Real wages […]
Read moreKGI analyst Ming-Chi Kuo — often cited for his insider knowledge on A’s movements — recently published a new investor note laying out his predictions for the iPhone 8. Kuo’s track record has been pretty solid recently; he noted Apple’s plans to release a new 10.5-inch iPad Pro, a new 12.9-inch iPad Pro and a […]
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The recent shift from skepticism to optimism may be the first sign of market euphoria that is typical toward the end of bull markets but has been notably absent thus far in the cycle. The Sell Side Indicator – which measures Wall Street’s bullishness on stocks – has rebounded since an all-time low of 43.9 […]
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