Paul Singer and some of his fellow hedge fund hotshots may not like it, but ETFs are continuing to rake in investor cash and are on their way to another record-setting year. In fact, the $3 trillion industry ended July with $273 billion of inflows this year, within just $13 billion of setting a new […]
Read moreOne of the hottest stocks in the S&P 500 is in a rare and sudden slump. Shares of Amazon have fallen more than 8 percent since its earnings miss in the last week of July, the very same week the now-$994 stock rose to an all-time high of $1083.31. That’s the biggest pullback since last […]
Read moreThe facial recognition feature expected in Apple‘s iPhone 8 may be more secure and faster than the Touch ID fingerprint reader on current iPhones. Bloomberg reporter Mark Gurman, known for his accurate reporting on future Apple products, recently published a tweet saying as much, referring to the feature as “Face ID.” Here’s Gurman’s Tweet While […]
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Goldman Sachs economists say the outlook for jobs is even better than they thought, and unemployment could go as low as 3.8 percent next year. The firm’s economists, in a note over the weekend, talked about a labor market “overshoot,” with the trend in job growth remaining in the 150,000 to 200,000 range, twice its […]
Read moreCurrency, United States Finance
Butter prices spark 'major crisis' in Europe — with costs for cakes and pastries expected to skyrocket
Europeans are consuming more and more butter at a time when prices are skyrocketing, stockpiles are running low and dairy giants are warning of an imminent shortage. Chef Séverine Nobis, who jointly runs a Parisian pastry school in the French capital, told CNBC that market fears of a European butter shortage cannot be ignored. “The […]
Read moreEven with all kinds of taxes considered, including income, local and sales taxes, among others — and contrary to what President Donald Trump has repeatedly said — Americans do not pay the highest taxes in the world. Not even close. Actually, the U.S. is a little below average compared to our 34 peer countries in […]
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Bitcoin climbed above $3,400 to trade at all-time highs on Monday as investors gained confidence in the future of the digital currency. Its price rose nearly 5 percent, to $3,451.86, up nearly $600 from Friday’s $2,900 levels, according to CoinDesk. Bitcoin has now increased 3.5 times this year and is up 18 percent for August. […]
Read moreNetflix is delving deeper into the comic book world with its first acquisition, comic book publisher Millarworld. The company announced Monday it has acquired MIllarworld, which publishes franchises including “Kingsman: The Secret Service,” “Kick-Ass,” “Wanted” and “Reborn.” Netflix said it plans to turn its franchises into films, series and kids’ shows. No further details were […]
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Carl Icahn‘s bet on an obscure biofuel credit is going south and threatens to leave an energy company he controls with a big unpaid bill. The wager is remarkable because Icahn’s role as a special advisor to President Donald Trump has directly influenced the price of the credits he is betting on. The fact that […]
Read moreIn early July the Food and Drug Administration approved the first new drug for sickle cell patients in nearly 20 years. It was a watershed moment for people who suffer from the rare blood disorder that can cause debilitating pain. And for one physician it was the end of a 25-year journey. The drug, Endari, […]
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