Wall 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 […]
Read moreAtaribox – the latest console from gaming pioneer Atari – will likely hit stores next year. The console will be powered by an AMD-customized processor and run on operating system Linux. In an announcement Tuesday, the Ataribox team said it would seek to raise funds for the console on crowd-funding platform Indiegogo “this fall (read: […]
Read moreA conflict on the Korean peninsula would have “catastrophic consequences”, and Russia’s foreign ministry is working “behind the scenes” on finding a political solution to the North Korea crisis, the RIA news agency cited a senior Russian diplomat as saying on Tuesday. Cited by RIA, Mikhail Ulyanov, the head of the non-proliferation and arms controls […]
Read moreLow-income Americans, older people and women pay a greater share of their incomes toward out-of-pocket health costs than do others, according to a new report issued Tuesday. The broad analysis of spending by more than 2 million Americans also found that there is a strong correlation between when people tend to pay their out-of-pocket health […]
Read moreNorth Korea appears to have boosted defenses on its east coast, South Korea’s Yonhap news agency said on Tuesday, after the North said U.S. President Donald Trump had declared war and that it would shoot down U.S. bombers flying near the peninsula. Tensions have escalated since North Korea conducted its sixth and most powerful nuclear […]
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