Money 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, […]
Read moreApple is set to announce its June quarter earnings today — and more importantly, its forecast for the September quarter, which could include this year’s big, new iPhone launch. It’s the mid-year trough of the current iPhone cycle, so expectations are modest. Wall Street expects Apple to report $44.9 billion of June quarter revenue, representing […]
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A new application can show you how addicted to your smartphones you really are. It’s called Moment and it shows you how often you use your smartphone each day. It gathers data over a week and presents results on your habits. If you pay more, you can get coaching on how to stop using your […]
Read moreThe bitcoin rift set for Tuesday could hurt efforts to increase adoption of the currency, and could also increase its volatility, some tech leaders said. Bitcoin is set to undergo a possible upgrade on Tuesday that would see the digital currency split into two — the original bitcoin, as well as a completely new asset, […]
Read morePakistani lawmakers on Tuesday elected former petroleum minister Shahid Khaqan Abbasi as the country’s new prime minister, replacing ousted veteran leader Nawaz Sharif. Sharif’s ruling PML-N party used its majority in the National Assembly to install Abbasi, after the Supreme Court last week ordered Nawaz Sharif disqualified from office over failure to disclose a source […]
Read moreCheck out which companies are making headlines before the bell: Under Armour – The athletic footwear and apparel maker reported a quarterly loss of three cents per share, half of what analysts had expected, and revenue beat forecasts. Under Armour cut its full-year outlook below forecasts, however, and also announced a restructuring that will include […]
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Currency, United States Finance
Here are the cities competing to take EU agencies away from London post-Brexit
Brexit is happening and with it Europe needs to decide where to relocate the two European agencies currently based in the United Kingdom. Eight cities have applied to become the next host of the European Banking Authority (EBA) – an organization with 159 employees that assesses risks and vulnerabilities in the banking sector. Another 19 […]
Read moreCurrency, United States Finance
Euro logs best run in five years and traders predict there's more to come
The euro is trading at levels not seen since January 2015 and has posted its best run in five years as dollar weakens and the euro zone economy starts to gradually improve. On Tuesday, the euro hit a two-and-a-half year high against the dollar, trading just above $1.18 as investors look to move away from […]
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Apple has fallen 5 percent from its recent high, and one trader expects more volatility from the stock when it reports earnings Tuesday afternoon. The options market is currently implying a 3 percent move for the stock in either direction by Friday’s close. But given last week’s sell-off in tech and the sector’s failure to […]
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