After years of costly layoffs and plant closings, things are looking up for the heavy-machinery giant Caterpillar, which forecasts solid global sales growth and increased demand this year. Yet despite the corporate investment incentives at the center of President Trump’s tax overhaul, the company’s executives have no plans to supercharge investment or expansion. Caterpillar’s plans […]
Read morePresident Donald Trump said Tuesday that the time and place of a critical summit with North Korea‘s Kim Jong Un could be announced in the coming days. The president did not give any more details on the meeting, during which he will try to craft a path toward the dictatorship giving up its nuclear and […]
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INTEREST rates are heading higher and that is likely to put financial markets under strain. Investors and regulators would both dearly love to know where the next crisis will come from. What is the most likely culprit? Financial crises tend to involve one or more of these three ingredients: excessive borrowing, concentrated bets, and a […]
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BUSINESS school graduates do not all want to work in investment banking these days. The industry does not have the same kind of cachet it did before Lehman Brothers went bust. Still, 31% of those who left Harvard Business School last year went into financial services. That made it easily the most popular sector, as […]
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As Wall Street braces for Apple earnings after the bell Tuesday, some already foresee downside risk for its stock. The problem, says one technician, is that the charts are telegraphing mixed signals. “Anytime I have mixed readings we’d rather side cautiously,” Ari Wald, head of technical analysis at Oppenheimer, told CNBC’s “Trading Nation” on Monday. […]
Read moreHome prices have been rising steadily since the recession, but the gains are suddenly accelerating as spring demand heats up in an already highly lean and competitive market. Prices surged 7 percent higher in March compared with a year ago, according to CoreLogic. That is the biggest gain since May 2014. All 50 states saw […]
Read moreThe stock market isn’t even lower on trade concerns because investors hope President Donald Trump gets lucky on China, CNBC Jim Cramer said Tuesday. “We’re in suspended animation here,” Cramer said on “Squawk on the Street,” adding investors are finding it difficult to commit capital to stocks such as industrials without knowing the conclusion of […]
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Apple shares are sitting in correction territory, down 10 percent from their March highs, but one technician says the tech giant is ripe for a breakout when it reports earnings after the bell on Tuesday. “Obviously things move on earnings, I’m going to bet that [Apple’s move] is going to be to the upside,” Carter […]
Read moreCurrency, United States Finance
Why the ‘lone jihadi’ poses the greatest terror threat to this summer’s World Cup in Russia
Security experts have named “lone jihadi” attacks the biggest terror threat during the 2018 World Cup in Russia this summer. Sunni Islamist militants, particularly Russian jihadists returning from conflict zones, are the primary source of concern for Moscow, according to a report released Tuesday by Jane’s, the defense and security wing of IHS Markit. The […]
Read moreEthereum prices took a hit Tuesday after a report that regulators are exploring whether it and other cryptocurrencies should be treated like securities. Both U.S. commodities and securities watchdogs are questioning whether the same rules for stocks should apply to these digital currencies, The Wall Street Journal reported Tuesday. Until now, cryptocurrencies have not been […]
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