Alan Greenspan, the former Federal Reserve chairman who has a knack for saying memorable things about the markets, is warning of a bond bubble. “By any measure, real long-term interest rates are much too low and therefore unsustainable,” Greenspan told Bloomberg News in an interview. “When they move higher they are likely to move reasonably […]
Read moreSprint on Tuesday swung to a quarterly profit for the first time in three years and its chief executive said an announcement on merger talks should come in the “near future,” sending shares in the No. 4 U.S. wireless carrier up more than 6 percent. Sprint, majority owned by Japan’s SoftBank, is exploring options including […]
Read moreIt looks like the next CEO of Uber will be a man. According to a weekend report by Recode, there are only 4 candidates on Uber’s shortlist, and none of them are women. To be fair, Uber’s board of directors considered several women, but they didn’t want the job. Most recently, HP Enterprise CEO Meg […]
Read moreIt might be good to think twice before buying a budget smartphone on Amazon. A company named Blu recently had its budget smartphones yanked from Amazon’s online store shelves after Amazon discovered a “potential security issue,” according to CNET. This is the second such time Blu has been in the spotlight for selling smartphones that […]
Read moreFacebook’s 2017 stock surge has Mark Zuckerberg keeping some much-older company. With Facebook shares up nearly 50 percent this year, the company’s co-founder and CEO is now the world’s fifth-richest person, thanks to a fortune worth roughly $70 billion. That puts Zuckerberg, 33, between Mexican telecom mogul Carlos Slim Helu, 77, and billionaire U.S. investor […]
Read moreBitcoin traded slightly lower Tuesday morning as digital currency miners officially completed the process to split the currency in two, according to Bitcoin Magazine. Futures for the new “bitcoin cash,” an alternative version promoted by a minority of developers, jumped 48 percent to $422 as of 9:31 a.m., ET, according to CoinMarketCap. “A Bitcoin block […]
Read moreIf you’re reading this, I’m guessing you’re ready for a vacation, but you don’t want to pay a travel agent to plan a trip, you’re not sure where to start, and you’re a DIY kind of person who’s willing to put in some elbow grease. Great! This guide will serve as a handy list to […]
Read moreThree people being taken to stand trial in a Moscow court were shot dead after they tried to grab side-arms from court security officers and escape, Russian law enforcement officials said on Tuesday. Five defendants were in a lift in the Moscow regional court building when they tried to seize the weapons from the officers […]
Read moreMoney manager Neil Hennessy believes a problematic trend is gripping the markets, and it could drag stocks down by 5 to 10 percent at any time. “What the investors are now going into is passive investing. They’re going into these index ETFs. And, the indexes, BlackRock and Vanguard and you name it, they all own […]
Read moreThe “Fast Money” traders shared their first moves for August. Tim Seymour was a buyer of the Guggenheim CurrencyShares Australian Dollar Trust. Karen Finerman was a buyer of Rent-A-Center. Steve Grasso was a buyer of the Energy Select Sector SPDR Fund. Guy Adami was a short-term buyer of Snap. Trader disclosure: On July 31, 2017, […]
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