Facebook should be able to drive advertising prices higher to help offset a deceleration in ad impressions, according to Barclays. Instagram and Facebook Messenger – two apps owned by Facebook – could also provide a boost to additional impression growth, according to analyst Ross Sandler, who reiterated his buy rating. “Facebook is the best pure […]
Read moreGold’s trading activity has been unusually calm this year, but that may be about to change. Metals expert Michael Dudas of Vertical Research sees volatility slithering back into the “eerily quiet” gold market — with a “breakout” potentially in the cards as the December Federal Reserve meeting approaches and as lawmakers battle over the tax […]
Read moreBitcoin is essentially “digital gold” for millennials, and the cryptocurrency could easily achieve the $100,000 range, Wall Street strategist Tom Lee told CNBC on Wednesday. The digital currency surpassed $10,000 on Tuesday and was approaching $11,000 Wednesday morning, according to industry site CoinDesk. It marked an exponential ascent from 6 cents seven years ago and […]
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Pound expected to rise in coming days if Brexit talks reach crucial milestone
Sterling is expected to strengthen in the coming days ahead of a crucial European Summit where an important milestone for Brexit negotiations is set to be reached. “You’d get a big move into the pound, if there’s agreement to move to trade (negotiations),” Stephen Isaacs, chairman of the investment committee at Alvine Capital, told CNBC […]
Read moreCheck out which companies are making headlines before the bell: Tiffany — The luxury goods retailer reported a third-quarter profit of 80 cents per share, 4 cents a share above estimates. Revenue also beat forecasts, and an unchanged performance for comparable-store sales was better than the 0.2 percent decline that analysts had anticipated. Results were […]
Read moreFederal Reserve Chair Janet Yellen is set to testify on the economy before the Joint Economic Committee on Wednesday, and foreign exchange strategists are watching her remarks for their implications across asset classes. Boris Schlossberg of BK Asset Management believes that even though Yellen’s tenure as chair is coming to a close, her testimony on […]
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US markets looking 'overstretched' and could trigger a sharp reversal, ECB vice president says
The vice-president of the European Central Bank (ECB) warned Wednesday that current high valuations in U.S. equities could spark a possible correction in global stock markets. Speaking to CNBC, Vitor Constancio said: “Certainly the cyclically-adjusted price (to) earnings ratio in the U.S. is well-above historical averages.” This ratio is an important metric used by traders […]
Read moreIn a week that saw no change in interest rates and a holiday tacked onto the end, mortgage volume really had nowhere to go but down. Total applications fell 3.1 percent for the week, according to the Mortgage Bankers Association’s seasonally adjusted report, which accounted for the Thanksgiving holiday. Applications to refinance a home loan […]
Read moreNet neutrality has lost some of its support since the Federal Communications Commission announced plans to “abandon” the Obama-era regulations on internet service providers. A poll from Morning Consult and Politico released on Wednesday found that 52 percent of voters support net neutrality, compared with 18 percent who say they don’t support the regulations. The […]
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Trump retweets far-right British activist group, displaying shocking anti-Muslim videos
President Donald Trump on Wednesday retweeted three graphic anti-Islamic videos by the deputy leader of one of the U.K.’s most far-right groups. The retweets did not include any Trump commentary. The tweets were posted by Jayda Fransen, deputy leader of Britain First, whose members are banned from mosques in England and Wales. The group was […]
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