There’s no reliable way to predict when or exactly why a bull market will finally end. But how the market will behave when a peak is closely approaching tends to follow some broad patterns that can be tracked by investors. Longtime students of the market cite a handful of conditions that typically emerge when the […]
Read moreReports suggesting that sales of Apple‘s new iPhone 8 series are weak are “excessively negative,” according to KGI Securities analyst and authoritative Apple watcher Ming-Chi Kuo. Earlier this week, Citi Research said sales of the phones are expected to fall short. Citi cited thinner lines and quicker shipping times as evidence that demand for the […]
Read moreThe Equifax hack reveals something that is absurdly obsolete: your Social Security number. The Equifax CEO, Richard Smith, announced his sudden retirement today following an epic data breach affecting 143 million people. The announcement comes just a week before he was to testify before the Senate Banking Committee. While his questionable retirement announcement makes for […]
Read moreRepublicans will unveil sweeping changes to America’s tax code Wednesday in a proposal that dramatically lowers taxes on businesses and many households but remains silent on thorny issues such as how to pay for it all. A joint product of the Trump administration and Republican leadership, the framework, obtained by CNBC, calls for lowering the […]
Read moreThe stock market could come within a hair of a correction in the next three months, Wells Fargo says. Scott Wren, senior global equity strategist at the Wells Fargo Investment Institute, sees problems for the S&P 500 as the record year comes to a close. “Our midpoint of our target range for year-end 2018 is […]
Read moreU.S. fast-food chain operator Sonic said on Tuesday it had been notified of unusual activity regarding credit cards used at its drive-in outlets. Sonic’s credit card processor informed the company earlier this week of the activity, which could have affected an unknown number of its payment systems. Cyber security blog KrebsOnSecurity first reported the news […]
Read moreCurrency, United States Finance
Siemens and Alstom’s decision to merge their rail operations is about business and not politics, according to the companies’ CEOs, despite the deal being framed as a response to China’s advancing dominance. “The rationale is undoubtedly (to do with) business, it’s a unique opportunity to create a global leader and a European champion… in a […]
Read moreAre we near the end of the long bull market? It’s a good question because the current bull run is now 9 years old, the second-longest in recent financial history. Astute investors have started to concentrate on whether there are any signs that a bear market might be beginning. A bear market is when there […]
Read moreThe start of the fall housing market usually offers a nice bump to the mortgage business. Not this year. Mortgage application volume fell 0.5 percent last week from the previous week. Volume on the Mortgage Bankers Association’s seasonally adjusted survey is now 21.5 percent lower than a year ago. A jump in mortgage interest rates […]
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Gold’s shining rally is coming to a close, says TradingAnalysis.com founder Todd Gordon, who is betting against the yellow metal thanks to what he sees in the charts. Tuesday on CNBC’s “Trading Nation,” Gordon explained that there were two reasons why he wanted to be short gold. First, Gordon points to the metal’s inverse relationship […]
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