It’s been an uncharacteristically busy week for Eric Jackson, a public information officer at the Lee County Mosquito Control District in southwestern Florida. U.S. Transportation Secretary Elaine Chao on Wednesday afternoon named Lee County‘s mosquito control outfit one of only 10 state, local and tribal government entities to be selected for the Federal Aviation Administration’s […]
Read moreDon’t call it a comeback. The Cboe Volatility Index, considered Wall Street’s “fear gauge” as a measure of swings expected in the market, has roared back this year after many months of muted moves. The index, commonly referred to as the VIX, surged as high as 50 earlier this year before trading generally between the […]
Read moreThe smart money is betting Facebook will not suffer lasting effects from its Cambridge Analytica data scandal. Some of the biggest names in hedge funds bought Facebook shares in the March quarter, according to required 13F filings with the Securities and Exchange Commission. CNBC used Symmetric.io, a hedge fund tracking firm, to analyze the major […]
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Nvidia is down more than 5 percent from its recent high, but the charts suggest the hot chip stock’s rally is about to resume. According to Todd Gordon, founder of TradingAnalysis.com, Nvidia is one of the few stocks in the market right now worth a buy. He pointed to two bullish technical indicators that lead […]
Read moreDemand for diesel and jet fuel will help push Brent crude oil prices to $90 a barrel in 2020, according to Morgan Stanley. The investment bank previously forecast Brent would average about $65 in each of the four quarters of 2020. Brent hit a three-and-a-half-year high at $79.47 a barrel on Tuesday. It hasn’t risen […]
Read moreSquare CEO Jack Dorsey wants his company to be at the forefront of getting cryptocurrency accepted as legitimate means of global payment. “The internet is going to have a native currency so let’s not wait for it to happen, let’s help it happen,” Dorsey said on stage at the Consensus blockchain conference in New York […]
Read moreSuccessful hedge fund managers should do something unusual if they want to stay that way: Say no to new investors. The bigger a hedge fund gets, the worst it tends to perform, according to a new academic study. Holding other features constant, a 10 percent increase in fund size results in a decrease of 13 […]
Read moreAlmost four months ago, Amazon, Berkshire Hathaway and J.P. Morgan Chase announced a bold new partnership aimed at bringing down the costs of health care. But ABC, as the group is known, has encountered a surprising challenge filling the CEO spot. The search for a person to lead ABC began around the time of the […]
Read moreSince 2016, more than two dozen senior executives have left Elon Musk‘s electric vehicle company, Tesla. The stream of exits begs the question: What’s it like to work for the billionaire boss? The president and chief operating officer of another one of Musk’s companies, SpaceX, who’s worked with the iconic entrepreneur for more than a […]
Read moreThe Food and Drug Administration says it’s found mistakes in opioid sales data provided by industry researcher Iqvia that led to an overestimation of the amount of prescription fentanyl being used in the U.S. The FDA used that data to make recommendations for quotas to the Drug Enforcement Administration, the agency said Wednesday. In addition, […]
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