As the Dow Jones industrial average crosses 25,000, the popular stock market gauge gives President Donald Trump yet another opportunity to crow about growth since his election in November 2016. However, he may end up regretting his decision to latch onto such a fickle indicator. Markets go up and markets go down, and using stocks […]
Read moreSome of the biggest Dow dogs are howling this year, and one market watcher sees further upside ahead for one name in particular: Exxon Mobil. After falling 7 in 2017, Exxon shares have rallied 4 percent this week. With a dividend yield of 3.54 percent, the stock is one of the biggest Dow dogs; the […]
Read moreWith the Dow breaking 25,000 for the first time, President Donald Trump is taking credit and hoping for more gains. “I guess our new number is 30,000,” Trump told reporters Thursday. “There were those that said we wouldn’t break 25,000 by the end of the eighth year [of my administration], and we’re in the 11th […]
Read moreFacebook will chip away at Google’s dominance in digital advertising thanks to the growth of Instagram and video ads, according to a new research note from Cowen. Cowen analysts, which surveyed 50 senior ad buyers, said Facebook and Instagram ad budgets will increase in 2018 and 2019, and budgets for Google ads will decline slightly. […]
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Noted investor Jeremy Grantham, who called the last two major market bubbles, said bitcoin is a bubble that may crash soon. “This is a true, crazy mini-bubble of its own I expect,” Grantham, co-founder of Boston-based investment management firm GMO, said in a Wednesday letter to clients. “Historical analogy suggests this junior bubble, by size, […]
Read moreWarren Buffett, the billionaire investor renowned for his preternatural optimism for America and its citizens’ well-being, on Thursday encouraged those worried about the economic prospects for themselves and their children to shed their fears. In an essay for the Jan. 15 issue of Time magazine, the chairman of the insurance and investment company Berkshire Hathaway […]
Read moreWarren Buffett knows first hand the power of American capitalism. As the third richest person in the world, with a net worth of more than $86 billion, the octogenarian investor has personally benefited from it. And yet, in a piece penned for Time magazine, published Thursday, Buffett says there is a problem with that economic […]
Read moreThe major indexes are soaring to record highs to start the year and breaching major milestones. The Dow soared past 25,000, the S&P 500 cracked 2,700 and the Nasdaq closed above 7,000 for the first time ever. As tech continues to drive the market, one technician has three mega-cap tech stocks that could pave the […]
Read moreUtilities are girding for the “bomb cyclone” that’s sweeping through the eastern United States, but analysts say Americans shouldn’t expect the same impacts that strained the power grid and drove up prices during the 2014 “polar vortex.” Power outages have already hit thousands of customers in Florida and the Southeast because of the massive storm. […]
Read moreIncome inequality in California is getting worse. In affluent areas such as Santa Barbara, the cost of living continues to rise while wages stay stagnant, leaving residents struggling to make ends meet. Even many of those with jobs can barely afford to stay in the city they’ve called home for years, and more of them […]
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