The inability of the U.S administration to pass new tax cuts has delayed the next boom and bust cycle in the country, according to one economist, who is still predicting that the U.S. is ultimately headed for a recession. Adam Posen, president of the Peterson Institute for International Economics, told CNBC in March that he […]
Read moreApple’s iPhone 8 Plus is one of the company’s most expensive smartphones to make to date, but price hikes are likely to help maintain a healthy margin, according to analysis. The bill of materials (BOM) cost for the 5.5-inch iPhone 8 Plus with 64 gigabyte memory came in at $288.08, IHS Markit revealed in a […]
Read moreThe year hurricanes Katrina and Wilma devastated Florida and Louisiana, Bill Begal’s property restoration and cleanup business took in more than $10 million in revenue. An average year, by comparison, could bring in up to $4 million — not bad for a company bootstrapped inside a family dry-cleaning store more than 20 years ago. “Flooding […]
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WHO wants mediocrity? That is what a lot of people say when the subject of index-tracking, or passive fund management, comes up. They would rather choose a fund manager (an active manager in the jargon) who tries to beat the market by picking the best stocks. It does sound like a good idea. The tricky […]
Read moreWall Street legend Byron Wien doesn’t find technology’s bearish start to the week disturbing. In fact, it’s his leading sector pick. When it comes to tech’s bull run, “I don’t think it’s ever over,” Wien said Monday on CNBC’s “Trading Nation.” The Nasdaq registered its first four-day losing streak since November — and posted its […]
Read moreIt is no secret that the bulk of Ivanka Trump’s merchandise comes from China. But just which Chinese companies manufacture and export her handbags, shoes, and clothes is more secret than ever, an Associated Press investigation has found. In the months since she took her White House role, public information about the companies importing Ivanka […]
Read moreCurrency, United States Finance
Spain’s PM to meet Trump, but timing might deepen the Catalonia crisis
Spanish prime minister Mariano Rajoy is due to meet U.S. President Donald Trump in Washington D.C. Tuesday, leaving behind a growing dispute in the streets of Catalonia. Rajoy arrived in the United States Monday for a visit aimed at deepening ties with a country that is “a friend and an ally” of Spain. However, the […]
Read moreOh man, it’s happening again. Oil is rallying, and so are oil stocks. Both are up about 10 percent in a month. And almost no one thinks it will last. Here’s the story this time: Oil supply is tightening. OPEC compliance with production levels has increased. The shale guys have increased activity, but not as […]
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Large-cap technology shares including the FANG basket crushed the market this year and drove hedge fund performance. But with the technology stalwarts faltering, what does that mean for the stock market? “Some FANG stocks such as Amazon and Google/Alphabet have seen weakness before but usually it’s been company-specific and not broad-based. Typically, Facebook and Netflix […]
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There’s one classic market theory that could predict exactly when the next correction will occur. Todd Gordon, founder of TradingAnalysis.com, says that the “Elliott wave” theory shows that while the S&P 500 has more room to rally, it will ultimately fall once it reaches a certain level. The framework, invented by Ralph Nelson Elliott, posits […]
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