Todd Gordon thinks the market rally is about to cool off, but he’s got a way to play the S&P 500 in case that happens. “Markets don’t always go up or down,” the TradingAnalysis.com founder said Tuesday on CNBC’s “Trading Nation.” Sometimes “they go sideways, and you can actually use that sideways consolidation to your […]
Read moreGlobetrotters, rejoice! While the S&P 500 has performed well this year, with the index of U.S. large-cap stocks rising nearly 12 percent to hit a series of record highs, international equities have performed even better. The popular iShares ETF tied to the MSCI EAFE index and known by its EFA ticker has surged almost 19 […]
Read moreIt was a menacing mix for mortgages last week. Back-to-back major hurricanes, a holiday weekend and higher interest rates combined to bring a 9.7 percent drop in total mortgage application volume last week from the previous week. The Mortgage Bankers Association’s seasonally adjusted weekly read was also 21.5 percent lower than the same week one […]
Read moreAll major indexes are sitting at record highs, but for those looking for what could cause the next downdraft, one strategist says they are missing the big picture. “I think if you talk to investors and you listen to the narrative, it’s all about one macro risk point to another,” Joe Zidle said Tuesday on […]
Read moreCurrency, United States Finance
A group of real estate agents who colluded to push up local fees in southwest England has been fined £370,084 ($500,620) by national competition authorities after incriminating emails were uncovered detailing the cartel’s illegal plans. The six agents were all based in the Burnham-on-Sea area in the county of Somerset and had agreed in a […]
Read moreAmazon is working on its first wearable device: a pair of “smart glasses” that would allow its virtual assistant Alexa to be summoned any time, anywhere, according to people familiar with its plans. The device, which would tether wirelessly to a smartphone, is designed to look like a regular pair of spectacles so that it […]
Read moreCybersecurity, health of the global economy, energy price shock and terrorist attacks are some of the top risks that concern businesses and may threaten their ability to operate, according to results from a new survey by the World Economic Forum (WEF) published Wednesday. The survey, conducted annually by the WEF’s strategic partners Marsh & McLennan […]
Read moreThe leaders of Britain, France and Italy will push social media companies on Wednesday to remove “terrorist content” from the internet within one to two hours of it appearing because they say that is the period when most material is spread. British Prime Minister Theresa May, French President Emmanuel Macron and Italian Prime Minister Paolo […]
Read moreCurrency, United States Finance
British retail sales unexpectedly surged in August, official figures showed on Wednesday, boosting the chance that the Bank of England will raise interest rates in November. Last week the BOE said it was likely to raise interest rates in the coming months if the economy and inflation pressures strengthen as expected. Wednesday’s official data showed […]
Read moreUber Technologies Inc, which is the subject of a U.S. federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified U.S. authorities about payments made by staff to police officers in Indonesia, a person familiar with the matter told Reuters. The review comes after Uber said in […]
Read more