ANOTHER week, another record. The repeated surge of share prices on Wall Street is getting monotonous. The Dow Jones Industrial Average has passed another milestone—24,000—and the more statistically robust S&P 500 index is up by 17% so far this year. Emerging markets have performed even better, as have European shares in dollar terms (see chart). […]
Read moreDisney CEO Bob Iger was considering running for president in 2020, but that’s all over if Disney buys Twenty-First Century Fox‘s assets in a more than $60 billion mega-merger, CNBC’s David Faber reports. CNBC reported Wednesday that Iger will likely remain at Disney to oversee any potential merging of the two companies. Disney would extend […]
Read moreThe analyst who accurately called oil’s bottom in in 2015 sees a boom for U.S. shale producers. Tom Kloza, who runs the Oil Price Information Service, is crediting OPEC for his optimistic 2018 forecast. “OPEC basically gave a Christmas gift to U.S. shale producers,” the company’s global head of energy analysis said this week on […]
Read moreLG may soon start to supply some of the displays used in the iPhone X, according to The Korea Herald. Apple currently uses OLED panels from Samsung for the iPhone X. The Korea Herald said that LG may begin shipping as many as 60 million displays for the iPhone in June, provided a deal between […]
Read moreCNBC’s Jim Cramer said Thursday he doesn’t blame investors for buying into the bitcoin frenzy, but once again he warned that the digital currency’s run could end badly. Earlier this week, Cramer said the cryptocurrency was a pure gamble, and those interested in the cryptocurrency should just go to Vegas. Bitcoin rocketed even higher on […]
Read moreInvestors should be careful of the euphoria that’s propelled bitcoin to past $15,000 just hours after crossing $14,000 because it’s very early days in cryptocurrencies, BK Capital Management founder Brian Kelly told CNBC on Thursday. “If you look at the internet in 1995, that’s where you are in digital currencies,” said Kelly, portfolio manager for […]
Read moreShares in Skyworks Solutions, Cirrus Logic, and Qorvo traded higher on Thursday after fellow Apple supplier Broadcom hinted the late launch of iPhone X would help revenue rise. “As we look into the first quarter 2018, unlike the last 2 years, we expect wireless revenue to continue to grow sequentially as the ramp in demand […]
Read moreA federal judge in Argentina indicted and asked for the arrest of former President Cristina Fernandez for trying to cover up Iran’s possible role in the bombing of a Jewish community center in 1994 that killed 85 people, state news agency Telam said on Thursday. As Fernandez is a senator, Congress would first have to […]
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Shares of Sage Therapeutics soared more than 60 percent in premarket trading on Thursday after the company announced positive results in the testing a major depressive disorder (MDD) treatment. Sage said in a release that 64 percent of patients achieved MDD remission using the SAGE-217 drug in the 15th day of treatment. This is the […]
Read moreThose who track the markets commonly describe stocks and bonds as arguing about the economic future — with the odds typically tilted toward bonds, for their tight focus on the core macro forces and record of prescience. The headlines are familiar: “Bond Markets Have a Message About the Economy That Stock Investors Might Not Want […]
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