The Mehic family fled their home in Bosnia in 1999, four years after the end of the civil war that ravaged the former Yugoslavia. They applied to the United Nations for refugee status, endured more than two years of extreme vetting and ultimately landed in Utica, New York, in the summer of 2001. That upstate […]
Read moreSeattle-area real estate agent Jerry Martin said he first entered the business in 1977, which means he remembers the days of double-digit mortgage rates and multiple booms and busts. That includes the bubble in 2006 and 2007 and the historic collapse that followed. None of that, he said, quite compares to the “craziness” that has […]
Read moreAlaskans just got some good news and some bad news. First, the good news: The state’s budget deficit — estimated at $2.4 billion just a few months ago — has been cut by more than two-thirds, to $700 million. It is still large by state standards, but not enough to convince Standard and Poor’s to […]
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Investors should sell Chipotle Mexican Grill shares given a lack of clear innovation in the near-term, according to one analyst, and limit any upside for the already recovered stock. Mizuho downgraded the burrito chain’s stock to underperform from neutral Tuesday, encouraging clients to curb exposure until it’s clear chief executive Brian Niccol can replicate the […]
Read moreWalmart is finally planning to move into New York, but not with stores, and the move will help the company compete in a growing grocery wars. The retailer will later this year open up a fulfillment center for Jet.com, the e-commerce start-up based in Hoboken, New Jersey, it acquired roughly two years ago, in the […]
Read moreCurrency, United States Finance
UK Prime Minister Theresa May receives the backing of her party — for now
The likelihood of a leadership challenge to U.K. Prime Minister Theresa May looks to have faded after the majority of her Conservative Party lawmakers appeared to lend support to her latest Brexit plan. Over the weekend, the U.K. government claimed it had reached unity among senior politicians as it sketched out a three-page deal on […]
Read moreWhile some advisors are optimistic that the bull market will continue, others are preparing investors for what they see as its imminent end. These advisors say that, as the current bull is now the second-longest ever, the odds are overwhelming that it will soon be growing bear fur. I am, however, very confident and see […]
Read moreDespite a volatile first half of the year, U.S. equities have blazed past the rest of the world. Michael Bapis, managing director of The Bapis Group at Hightower Advisors, is on the lookout for the corners of Wall Street that can rally if the U.S. holds its lead. He told CNBC’s “Trading Nation” on Monday […]
Read moreThe last earnings season was all about raising expectations for earnings on the back of corporate tax cuts, share buybacks, and a synchronous global economic expansion. A lot has changed in the last three months, according to Nick Raich of Earnings Scout. “Last earnings season it was all about raising estimates. This earnings season, all […]
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Trouble for equity markets will kick-in around 2020, strategist warns
Investors could fall out of love with equities during the next 18 months as the impact of fiscal stimulus in the U.S. fades away, a strategist told CNBC on Tuesday. But with trade tensions and political uncertainty currently “priced in,” there is still room for growth in equity markets, Mike Bell, global market strategist at […]
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