Turkey’s President Recep Erdogan and Israeli Prime Minister Benjamin Netanyahu went at each other’s necks via Twitter, accusing each other of brutality and human rights abuses. The spat on Tuesday went down in the wake of violence on the Israeli-Gaza border on Monday during which Israeli forces killed at least 60 Palestinian protesters, coinciding with […]
Read moreBank of England Deputy Governor Ben Broadbent apologized on Wednesday for saying Britain’s economy was going through a “menopausal” phase in a comment that attracted criticism and could revive concern about gender diversity at the bank. “I’m sorry for my poor choice of language in an interview with the Telegraph yesterday and regret the offence […]
Read moreClosely watched hedge fund manager Dan Niles sees cracks in the bull market. Niles, founding partner at AlphaOne Capital Partners, believes stocks could shed as much as half their value next year. “Late 2019, you’re really going to have to start to worry. And, why is that? Well, it’s because a lot of the themes […]
Read moreU.S. homebuilding tumbled in April and permits fell, suggesting the housing market continued to tread water amid shortages of land and skilled labor. Housing starts dropped 3.7 percent to a seasonally adjusted annual rate of 1.287 million units in April, the Commerce Department said on Wednesday. The drop reversed March’s rise. Data for March was […]
Read moreNorth Korea has a message for U.S. President Donald Trump ahead of next month’s summit: Don’t listen to your new hard-line national security adviser, John Bolton. After announcing early Wednesday that it was pulling out of high-level talks with Seoul because of a new round of U.S.-South Korean military exercises, the North took aim at […]
Read moreMicron shares will thrive this year as its diversified customer base allows to ride out any downturn in the memory chip market, according to one Wall Street firm. RBC Capital Markets initiated coverage on Micron shares with an outperform rating, citing additionally the memory industry’s consolidation to just a few players. “Our bullish bias on […]
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Tiger Management has sent a letter to the board of GameStop, urging the video game retailer to conduct a strategic review amid recent management upheaval. “We view the recent management departures and crisis of confidence as an unprecedented opportunity for the Board to launch a strategic review and revive shareholder confidence in the sustainability of […]
Read moreSomething in the bond market beyond this week’s jump in yields for 10-year Treasurys has one Wells Fargo strategist on alert. “It’s supply,” Michael Schumacher, head of rate strategy at Wells Fargo, told CNBC’s “Futures Now” on Tuesday. “When you think about the enormous amount of debt that U.S. Treasury’s got to issue over not […]
Read moreMany investors wonder when the right time will be to put some money in bitcoin. It’s a question that financial advisors increasingly hear these days. Yet advisors, for the most part, don’t recommend investing in digital currency, or in the investment vehicles that have cropped up around it, at all. In fact, earlier this year, […]
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Production setbacks, car crashes and wary analysts have put the Tesla faithful on alert. While a few key levels are holding the stock together, any more pain might push investors to their breaking point, according to one market watcher. “It has two key support levels that we’re watching,” Matt Maley, equity strategist at Miller Tabak, […]
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