By one closely watched measure of valuation, Alan Greenspan’s irrational exuberance warning should be keeping investors near the sell button. But as the Dow Jones Industrial Average passes the 23,500 mark, there is no fear among investors with a million dollars or more in the market. New survey results show they are as confident in […]
Read moreThousands of homes lost to last month’s devastating wildfires in Northern California could be rebuilt faster and more efficiently using production-scale techniques, according to industry experts. Indeed, a proposal is being floated to pull together construction and crew resources to rebuild whole communities or streets lost in the wine country wildfire disaster. This mass-building approach […]
Read moreOne of the barriers to the introduction of a bitcoin exchange-traded fund may soon be removed. The world’s largest futures exchange, CME, said Tuesday it’s planning to launch bitcoin futures by the end of the year. While not the first to announce plans for bitcoin futures, CME may have a better chance with regulators, some […]
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PUT the word Bitcoin into Google and you get (in Britain, at least) four adverts at the top of the list: “Trade Bitcoin with no fees”, “Fastest Way to Buy Bitcoin”, “Where to Buy Bitcoins” and “Looking to Invest in Bitcoins”. Travelling to work on the tube this week, your blogger saw an ad offering […]
Read more“Star Wars Battlefront II,” Electronic Arts’ biggest game this holiday season, is the big question mark for the high-flying stock. The video game publisher reported better-than-expected fiscal second-quarter earnings on Tuesday and raised guidance for the full year, but its December quarter forecast was slightly below Wall Street estimates. EA shares were down 4.8 percent […]
Read moreCurrency, United States Finance
Tens of thousands of people in France are demanding longer paternity leave
More than 58,000 people in France have signed a petition demanding men receive more paternity leave following the birth of a child. The petition, addressed to French President Emmanuel Macron and three of his ministers, has asked that the current 11 days leave awarded to new fathers should be extended to four weeks and made […]
Read morePershing Square Capital’s Bill Ackman revealed a new strategy on Wednesday in his years-long bearish position on Herbalife. The billionaire hedge fund activist has been betting against Herbalife for more than four years, accusing the nutritional supplement company of running a pyramid scheme. Herbalife has always denied those allegations. “We’ve been entirely right on our […]
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The recent sell-off in shares of American Airlines is “overdone,” according to one Wall Street analyst. JPMorgan upgraded American to overweight, arguing that plans to boost revenue will continue to buoy the company. American narrowly beat profit expectations during last week’s earnings report after multiple hurricanes in August and September forced it to cancel some […]
Read more[The stream is slated to start at 9:30 a.m., ET. Please refresh the page if you do not see a player above at that time.] Facebook, Twitter and Google are back before Congress Wednesday, this time testifying in front of the Senate Intelligence Committee. General counsels for the companies testified before congressional judiciary committees Tuesday, […]
Read moreCheck out which companies are making headlines before the bell: Wal-Mart – The retailer announced it was tripling its selection of online items for the holiday shopping season, as well as providing free two-day shipping on more than two million products if the order is greater than $35. Estee Lauder – The cosmetics maker reported […]
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