Investors will have to be careful next year as potential stalling economies in the U.S. and China, along with rising global inflation and tighter monetary policy, could make for a “tricky” 2018, according to Morgan Stanley. Andrew Sheets, chief cross-asset strategist at Morgan Stanley, said in a note Sunday he expects U.S. economic growth to […]
Read moreThe S&P CoreLogic Case-Shiller home price index rose more than expected in September in a continuation of this year’s momentum. National home prices continued to rise in September, reporting a 6.2 percent annual gain on the S&P’s most broad indicator. This was better than the 6.1 percent increase expected by economists polled by Reuters. “Most […]
Read moreRemember life before the internet? No smartphones, no video streaming, no social media, no online shopping … If you are nostalgic for that world, just check out the MSCI EAFE Index. One of the oldest non-U.S. equity market measurements around, it covers developed economies in Europe, Asia and the Far East. The fourth-largest ETF in […]
Read moreAmazon shares will soar in the next year thanks to its rapid pace of innovation and increased price flexibility, according to Goldman Sachs. Goldman expects big things from the e-commerce giant at its annual re:Invent conference this week, where analyst Heath Terry sees a number of product announcements. Terry reiterated his buy rating and increased […]
Read moreCurrency, United States Finance
SocGen says it will 'soon' settle with authorities on current investigations
The French bank Societe Generale hopes to reach settlements with authorities over recent regulatory investigations in the next weeks or months, its chief financial officer told CNBC Tuesday. “On two cases around Libor and LIA (the Libyan Investment Authority) we are expecting a settlement within weeks and months,” Philippe Heim, the CFO at the bank […]
Read moreOne of Wall Street’s most vocal bulls has grown less optimistic that tax reform will become a reality. According to Oppenheimer Asset Management’s John Stoltzfus, the chances of it passing are very slim. “Tax cut, OK. But tax reform is much too dramatic considering all the different constituencies that are involved here and all the […]
Read moreGetting a job at Google is no easy feat. In fact, you’d have a better shot at getting into an Ivy League like Harvard or Yale than scoring a position at the tech giant. The sheer number of applicants should come as no surprise considering that Google consistently takes the top spot for companies people […]
Read moreDespite the doom-and-gloom predictions about the future of big-box retail that are dominating headlines lately, some analysts are bullish about select real estate opportunities and those brick-and-mortar retailers with high customer-satisfaction and engagement ratings in the coming year. “The death of retail has been exaggerated,” said Jay Rollins, managing principal of JCR Capital, which invests […]
Read moreElon Musk denied rumors that he is the mysterious inventor of bitcoin on Tuesday. Debate has been ongoing since the original bitcoin paper that outlined how the cyrptocurrency would work was released in 2008. A person or group of people called Satoshi Nakamoto are said to be behind it. But, to date, nobody knows who […]
Read moreNike is no longer an attractive investment after its recent rally, according to one Wall Street firm. HSBC lowered its rating to hold from buy for Nike shares, citing weakness in the U.S. market and the stock’s valuation. The company’s shares are up 17 percent year to date through Monday compared with the S&P 500’s […]
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