Check out which companies are making headlines before the bell: Under Armour — Analysts at Susquehanna downgraded the athletics apparel to “negative” from “neutral,” noting the Under Armour brand remains at risk. “Given poor brand distribution decisions, we believe UAA risks are becoming more like Reebok than Nike,” analysts said. Target — Target shares popped […]
Read morePeople are pouring money into bitcoin and other cryptocurrencies because they are more willing to take risks in a benign economic environment, according to a fund manager. “To me, the big issue in markets is actually we have been in denial as investors globally about how good things are,” Eric Lonergan, macro fund manager at […]
Read moreJ.P. Morgan Chase Chairman and CEO Jamie Dimon is back pedaling a bit on his earlier criticisms on cryptocurrencies. Dimon said in September bitcoin was a “fraud” but said on Tuesday he regretted making that comment. “The blockchain is real,” Dimon told Fox Business on Tuesday. “You can have cryptodollars in yen and stuff like […]
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IN OCTOBER 2003, the age of supersonic passenger travel came to an inauspicious end. That month British Airways withdrew from service its last Concorde jet, a Franco-British aircraft from the 1970s that could fly at twice the speed of sound. Since the 1940s executives in the aerospace industry had predicted that the future of passenger […]
Read moreMicrosoft said on Tuesday it had suspended patches to guard against Meltdown and Spectre security threats for computers running AMD chipsets after complaints by AMD customers that the software updates froze their machines. Microsoft said in a support blog that it was working with AMD to resolve the issues and would resume Windows operating system […]
Read moreCurrency, United States Finance
Goldman's oil analyst gives his tips on making money in a flat market
Oil traders are well-positioned to generate returns despite the likelihood of prices falling away from multi-year highs over the coming months, according to a senior analyst at Goldman Sachs. Oil prices rose to their highest level since mid-2015 on Tuesday, as political concerns among some OPEC nations offset projections for higher U.S. oil production. Alongside […]
Read moreWe all know why the stock market is at new highs: It’s a combination of the expanding global economy, record earnings and low rates. That’s the conventional narrative, and it certainly makes sense. But as earnings season begins in earnest on Friday, and with stocks at historic highs and interest in the markets increasing, many […]
Read moreHuawei confirmed Tuesday that it will not sell its flagship Mate 10 Pro smartphone in the U.S. via AT&T, but told CNBC that it would still release “new products” in America. In a statement to Reuters on Tuesday, Huawei said that the U.S. market presents “unique challenges” and that the Mate 10 Pro will not […]
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Volatility in the Treasury market has sunk to a multidecade low, and that could have sweeping implications for the bond market this year. Treasury volatility as measured by realized volatility in the U.S. 10-year Treasury note has fallen to a 52-year low, according to a new report from Bank of America Merrill Lynch. I believe […]
Read moreThe U.S. currency is set for another soft year despite a hawkish Federal Reserve that could hike interest rates up to four times in the next twelve months, a Goldman Sachs economist told CNBC Tuesday. “We still think the dollar is probably going to be relatively soggy, at least against the majors, probably against the […]
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