Mutual funds are piling into technology stocks to a record level, according to a latest active managers holdings report from Bank of America Merrill Lynch. But the overweighting may not be bullish for the sector going forward. In July “large cap active managers have yet again increased their positioning in tech, setting another record overweight […]
Read moreInvestors expecting an economic boom under President Donald Trump are now bailing and taking their cash overseas, global investment guru Mark Mobius told CNBC on Tuesday. “As it turns out, I think money is probably now retreating the U.S., taking some of the profits out of the U.S.,” the executive chairman at Templeton Emerging Markets […]
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THE airlines are not doing it. Congress could not either. Nor could a petition with tens of thousands of signatures. The Federal Aviation Administration declined to do it, too. But now, a federal judge may finally do what the others failed to, or would not: stop seat rows on aeroplanes inching closer and closer together. […]
Read moreWeWork is a real estate business that acts like a technology company. It’s backed by powerful Silicon Valley venture capitalists, hires data scientists and DevOps engineers and sports a valuation that’s about 20 times annual revenue. John Arenas is taking a very different approach with his co-working business Serendipity Labs. Founded in 2011, a year […]
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While most economists say President Donald Trump may be overstating his responsibility for recent better growth and jobs numbers, they say his policies may have had a limited positive influence in some areas. At the same time, they warn, there are ways the president might also be a drag on growth. Take the GDP number […]
Read moreHome price gains are accelerating again, and in some cities those values are overheating. Four of the nation’s largest cities are now considered overvalued, according to CoreLogic. Home prices in Denver, Houston, Miami and the Washington, D.C., metropolitan area now exceed sustainable levels. To determine if a market is overvalued, CoreLogic compares current prices to […]
Read moreAutomation haunts many discussions about the future of work, employment, and the economy. But technological advances may soon hit homes in an unexpected way: could real estate appraisers be replaced by robots? That’s the conclusion of a recent article in Bloomberg, which discusses how advances in big data and computing are helping automate this knowledge-based […]
Read moreAmazon announced Monday that Amazon Echo owners who also own an Amazon Fire TV can now control their TVs by voice using the Echo. Previously, customers had to use an included remote, which had to be held by a user. Now, you can just walk into your living room or bedroom and ask Alexa to […]
Read moreNational factory activity continued to expand in July, building on June’s return to expansion not seen since August 2014. The U.S. manufacturing index registered 56.3 percent, coming in just below the 56.5 percent expected by economics polled by Reuters. A reading above 50 on the Institute for Supply Management’s (ISM) index indicates an expansion in […]
Read moreClimate change has been linked to the suicides of almost 60,000 farmers over the last three decades in India, a study published Monday has revealed. For temperatures above 20 degrees Celsius, an increase of a single degree causes approximately 70 suicides, according to a researcher at the University of California, Berkeley. The link is understood […]
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