The supply crisis in the housing market is not letting up, and consequently neither are the gains in home values. National home prices continued their run higher in November, rising 6.2 percent annually on S&P CoreLogic Case-Shiller’s most broad survey, up from 6.1 percent in October. Another S&P index of the nation’s 20 largest housing […]
Read moreHe cut his teeth in the technology sector — running the world’s largest technology and internet fund for Merrill Lynch during the dot-com bubble. Now, Paul Meeks is trying to avoid most of it. His decision comes as the biggest tech names such as Facebook, Apple, Alphabet and Amazon report quarterly numbers this week in […]
Read moreCurrency, United States Finance
Sterling predicted to hit pre-Brexit vote level before the end of 2018
Sterling had been on a downward trend since the U.K.’s vote to leave the European Union in 2016, but reduced concerns over an abrupt break-up with the EU are sending the currency higher. The pound traded at $1.40 against the dollar Tuesday morning, not only boosted by a weaker dollar, but also because traders are […]
Read moreCheck out which companies are making headlines before the bell: Amazon, Berkshire Hathaway – The two companies and JPMorgan Chase have announced a partnership to explore ways to address health care concerns for their US employees. The stated goal of the partnership is improving employee satisfaction and reducing costs. The news has hit the shares […]
Read moreA sharp run-up in digital currency values didn’t just benefit crypto traders in the final months of 2017. Advanced Micro Devices will likely get a share of the riches, according to MKM Partners analyst Ruben Roy. Roy has turned more bullish on AMD on the calculation investors have yet to price in a boost from […]
Read moreApple shares are falling after another report that the company ordered a large cut in iPhone X production. The Wall Street Journal reported on Tuesday Apple reduced its production target for the iPhone X for the first-quarter. The company now projects it will build 20 million iPhone X units from the previous 40 million units […]
Read morePresident Donald Trump, in his State of the Union speech Tuesday, plans to discuss a $1.5 trillion infrastructure improvement plan, White House economic advisor Gary Cohn told CNBC. Fresh off a victory on a tax reform plan that Congress approved in December, the president next wants to focus on rebuilding the nation’s aging system of […]
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BACK in the days of the gold standard, central bankers were very concerned about the views of international investors. They believed that maintaining the value of their currencies would reassure creditors. That is why they were so resistant to the idea of floating currencies. Georges Bonnet, a French finance minister, put it best Who would […]
Read moreThe greenback is getting walloped. The dollar index is on pace for its worst January since 1987, down 3 percent and going through several wild price swings. With the dollar index trading below the 90 mark, near levels last seen in 2014, we’ve had several conflicting political messages and economic data that have really launched […]
Read moreShares of insurer UnitedHealth Group and other health-care related stocks dropped on Tuesday after Amazon, J.P. Morgan, and Berkshire Hathaway announced a partnership to improve U.S. employee health. The three companies, led by Jeff Bezos, Jamie Dimon and Warren Buffett respectively, plan to develop ways to improve the health of their employees, with the goal […]
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