Following a trip to Alaska, Facebook CEO Mark Zuckerberg recently wrote a blog post defending — yet again — the idea of establishing a form of basic income in the U.S. Zuckerberg said he supported Alaska’s Permanent Fund Dividend, which pools money from the state’s oil revenue and returns it to residents at the end […]
Read moreTwo major changes in the mortgage market go into effect this month, and both could help millions more borrowers qualify for a home loan. The changes will also add more risk to the mortgage market. First, the nation’s three major credit rating agencies, Equifax, TransUnion and Experian, will drop tax liens and civil judgments from […]
Read moreSaudi Arabia has been described as the “foremost” financier of Islamist extremism in the U.K. by a right-wing think tank. The report, published by the Henry Jackson Society, citing multiple media outlets, right-wing U.S. think tanks and other websites, links several Saudi charities and organizations to a growth in the number of British citizens becoming […]
Read moreAfter Donald J. Trump won the presidential election, Americans’ optimism about the economic future soared. But midway through the year, that optimism has not translated into concrete economic gains. This seeming contradiction exposes a reality about the role of psychology in economics — or more specifically, how psychology is connected only loosely to actual growth. […]
Read moreBearish investors expecting (or hoping) for bull market cycle to end may be disappointed, as Citi’s global strategy team forecast a further 9 percent gain for global equities by the middle of 2018. The MSCI International World Price Index, a benchmark of mid- and large-cap equities across 23 developed markets, is currently priced at 1,918.9. […]
Read moreWhile some investors may be optimistic on Tesla’s Model 3 production plans, Goldman Sachs is concerned over slowing sales growth of the company’s current electric cars. The report helped send Tesla’s stock down about 5 percent in the first hour of trading. Goldman analyst David Tamberrino lowered his six-month price target for Tesla to $180 […]
Read moreFederal Reserve Chair Janet Yellen is “torn” on whether to raise interests rates again this year, CNBC’s Jim Cramer said Wednesday, but the economy indicates policymakers have room to do what they want. Cramer spoke ahead of the release of the minutes from the June 13-14 Federal Open Market Committee meeting, where policymakers raised benchmark […]
Read moreAmazon isn’t the only company that will make money from cloud computing and artificial intelligence, according to KeyBanc Capital Markets. The firm raised its rating on Oracle shares to overweight from sector weight, predicting its cloud sales will double during the next two years. “We are upgrading ORCL based on solid cloud execution and partner […]
Read moreJefferies is encouraging investors to buy U.S. financials in light of recent stress-test successes and fading regulation under the Trump administration. The firm highlighted Huntington Bancshares, Bank of America, US Bancorp and Keycorp as favorite stock picks. The Fed’s 2017 Comprehensive Capital Analysis and Review stress-test results were positive, with an average total capital payout […]
Read moreThe Federal Reserve could have an impact on trading when it releases the minutes from its last meeting Wednesday afternoon, particularly if it appears confident that it could raise interest rates again this year. The Fed is also likely to provide some insight into its plan to unwind its $4.5 trillion balance sheet, which many […]
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