Financials stocks are set to surge higher in the coming year due to rising dividends and bigger share buybacks, according to Goldman Sachs. “We believe 2017 will mark an inflection point in the amount of capital the Fed allows financials firms to return to shareholders … This is the first year that certain money center […]
Read moreIf the markets hit a downturn, Amazon and Netflix are the most vulnerable of the FAANG stocks, according to Rob Sanderson, managing director at MKM Partners. Although Sanderson called the FAANG stocks “roaring leaders in a strong market,” two could see pullback in the case of a market correction. “The [stocks] furthest away from earnings […]
Read moreWidely followed hedge fund titan Leon Cooperman said Monday his biggest position is a familiar name. The head of Omega Advisors told CNBC that his favorite stock now is Google parent Alphabet, which has been a market leader during a huge year for stock stocks. “The only negative is it’s owned by everybody,” Cooperman said […]
Read moreIf you haven’t read the full, 10-page anti-diversity memo written by a male Google employee that has now gone viral, here’s your CliffsNotes version. In the piece, entitled “Google’s Ideological Echo Chamber,” a software engineer who works at the Mountain View, California, headquarters tries to make the case that women are underrepresented in tech because […]
Read morePaul 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 […]
Read more
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
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 […]
Read more