Check out which companies are making headlines before the bell: Alibaba – The China-based e-commerce beat estimates on both the top and bottom lines, and reported a 3.8 percent increase in mobile monthly active users to a total of 549 million. Yum Brands – The restaurant chain operator earned an adjusted 68 cents per share […]
Read moreNew highs in the U.S. stock market are certainly good news — for those who own stocks. The bad news is, those who own stocks are only a small part of total U.S. households. The investment class in the United States is small, and it’s not getting bigger. According to the latest Gallup poll of […]
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A classic technical gauge may be pointing to further gains for crude oil. West Texas Intermediate crude oil just posted a “golden cross,” a technical formation that occurs when an asset’s shorter-term moving average crosses over its longer-term moving average. In this case, crude oil’s 50-day moving average crossed over its 200-day moving average. This […]
Read moreSome may think that CNBC’s Jim Cramer is foolish for not being afraid of the red-hot bull market, but in reality, he’s just trying to make you money. “I am actually less worried about looking like an idiot and more concerned that you might be scared away from the stocks by the tepid conventional wisdom. […]
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In the midst of the August 2015 flash crash, when the Dow plummeted 1,000 points in a matter of minutes, General Electric shares fell 21 percent and touched an intraday low of $19.37 before rebounding. Now, two years later, despite an epic bull market that has seen the S&P 500 rally 31 percent over that […]
Read morePapa John himself slammed NFL leadership on Wednesday, blaming the organization for lackluster sales at his pizza restaurants in the third quarter. John Schnatter, the founder and CEO of Papa John’s, said the league and its leadership “hurt” the company by not resolving the player protests that have been taking place during the National Anthem. […]
Read moreThe market capitalization of all cryptocurrencies soared to a record high Wednesday, on the back of a jump in the price of bitcoin. The total value of the digital currencies topped $185 billion for the first time at around midday ET, according to data from industry website Coinmarketcap. Bitcoin, the world’s largest cryptocurrency, shot above […]
Read moreThe market is celebrating despite the delay in the release of the House GOP’s tax-reform plan, closely followed trader Art Cashin told CNBC on Wednesday. “There are some worrisome things out there, but the market is not concerned,” said Cashin, UBS’ director of floor operations at the New York Stock Exchange. “New money for a […]
Read moreOil prices pulled back on Wednesday after data showed U.S. crude exports surged to an all-time high and American drillers pumped near record levels. The United States exported 2.13 million barrels a day of crude oil in the week through Oct. 27, the first time the country has crossed the 2 million-barrels-per-day mark. Meanwhile, preliminary […]
Read moreBy one closely watched measure of valuation, Alan Greenspan’s irrational exuberance warning should be keeping investors near the sell button. But as the Dow Jones Industrial Average passes the 23,500 mark, there is no fear among investors with a million dollars or more in the market. New survey results show they are as confident in […]
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