Options experts are saying Thursday’s record volume in volatility derivatives bets may signal a dangerous problem with the size of volatility-linked trading products. The focus is on the CBOE volatility index, a key measure of market expectations for near-term volatility as conveyed by the price of S&P 500 index options. The CBOE announced VIX options […]
Read moreBarclays has bad news for Apple if it decides to price the its upcoming high-end iPhone at more than $1,000. In an investor note, Barclays said that just 11 percent of its survey respondents would spend more than $1,000 on an iPhone. Most folks only want to spend $582, or $48.50 per month on a […]
Read moreAt least this week, bitcoin earned some points towards being a safe haven trade. The digital currency jumped more than 20 percent to a record high this week, while global stocks fell amid escalating tensions around the North Korea nuclear threat. Prices of the traditional safety asset, gold, rose just 2 percent to a two-month […]
Read moreFacebook‘s mini-network initiative is part of the company’s aggressive push into video. The Watch video platform, announced Wednesday, is Facebook’s new home for episodic shows and live events. Publishers include Group Nine Media, Hearst, Condé Nast, Refinery 29 and NASA, with more companies to be announced. CNBC spoke to several media companies who have signed […]
Read moreIn an effort to make the batteries that power wearables and medical devices safer, scientists have developed new flexible batteries that can run on saltwater — and maybe one day blood, sweat, or tears. The lightweight batteries, described in a paper published this week in the journal Chem, can withstand being folded in half a […]
Read morePacific Investment Management, which oversees more than $1.6 trillion of assets, has built up an above-average cash position firm-wide and has held S&P put options as geopolitical and military risks mount, Dan Ivascyn, group chief investment officer at Pimco, said on Friday. President Donald Trump issued a new threat to North Korea on Friday, saying […]
Read moreAs shopping continues to shift away from brick-and-mortar-stores to e-commerce, Nordstrom is investing in technology to connects its physical stores to digital. Specifically, Blake Nordstrom, the company’s co-president, announced plans to expand a “Reserve Online and Try in Stores” option from a handful of stores in Seattle to Chicago, immediately, and then to Nordstrom stores […]
Read moreTechnology shares were the first area to show cracks in the market sell-off, and remain the most vulnerable, the charts indicate. The Nasdaq 100 index, which is the basis of the popular Powershares QQQ Trust ETF, is the major index most susceptible to a correction, according to Jason Hunter, head of fixed income and equities […]
Read moreThe European Union said Friday that it plans to hold an extraordinary meeting late next month over a growing tainted egg scandal as it revealed that products contaminated with an insecticide have now spread to 17 countries. Millions of eggs have been destroyed or pulled from supermarket shelves since July 20, when it was made […]
Read moreProlific best-selling author James Patterson told CNBC on Friday that his new work of fiction about an out-of-control big e-commerce retailer is not really about Amazon or its billionaire founder Jeff Bezos. “I’m not out here to necessarily beat up Amazon as much as deal with this whole area of monopolies and megalomaniacs,” Patterson said […]
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