Closely followed strategist Jim Paulsen told CNBC on Monday he’s worried that economic data could stop supporting the stock market’s bull run. “The economy has been doing so good for so long now that even if it continues to do well, it won’t any longer be a surprise,” said Paulsen, chief investment strategist at Leuthold […]
Read moreYou may have heard about the concept of “alpha” — that extra bit of performance a manager can generate, through skill, on top of ordinary market returns. Tax alpha, on the other hand, is the outperformance that an investor can achieve by taking advantage of all the available tax-saving strategies. Obviously, the bigger the tax […]
Read moreHuawei launched a new flagship smartphone Monday, the first to contain its own artificial intelligence (AI) chip that could help it compete with Apple and Samsung. The Huawei Mate 10 series of high-end devices includes the Mate 10, Mate 10 Pro and special edition Porsche Design Mate 10. Key features include: 5.9-inch display on Mate […]
Read moreNorth Korean race-goers who once risked three years hard labor for gambling are now able to bet on local horse races, as the one-party state searches for new ways to generate hard currency in the wake of tough international sanctions. In recent weeks, North Korea’s access to foreign money has been significantly limited by a […]
Read moreApple’s rollout of more expensive iPhone models this year will boost the smartphone maker’s profits, according to one Wall Street firm. KeyBanc Capital Markets raised its rating for Apple shares to overweight from sector weight, predicting the company will report better than expected earnings next year. “Apple’s introduction of iPhone X at a $999 entry […]
Read moreCheck out which companies are making headlines before the bell: Aramark – The food services company struck two weekend acquisition deals for privately held companies. Aramark is buying food and supplies company Avendra and uniform provider AmeriPride Services for a total of $2.35 billion. Avendra is 55 percent owned by hotel operator Marriott International. Apple […]
Read moreCurrency, United States Finance
Lufthansa reportedly offers $590 million for Alitalia's planes and staff
German airline Lufthansa has offered 500 million euros ($590 million) to acquire the planes, airport runway slots and air crew of Italy’s ailing national carrier Alitalia, the newspaper Corriere della Sera said on Monday. Citing three anonymous sources, the paper said Lufthansa has also proposed halving Alitalia’s workforce of 12,000 employees and reducing its short- […]
Read moreAdmiring the spectacular floral decorations gracing Beijing’s Tiananmen Square to celebrate the Communist Party Congress, I had a fleetingly mischievous thought: Where is, I wondered, a dollar-shaped flower pot? Perish the thought, of course. But think of this. By intermittently pegging their currency to the dollar, and closely managing the dollar-yuan exchange rate, the Chinese, […]
Read moreT-Mobile U.S. and Sprint plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter. While it is common for companies not to unveil divestitures during […]
Read moreThe security layer that protects Wi-Fi networks has been cracked by hackers, potentially allowing them to listen to your communications on devices connected to the internet, research published Monday revealed. WPA2 is a security protocol that protects modern Wi-Fi networks. Hackers have found a way to manipulate the cryptographic elements behind the security, according to […]
Read more