Oil production from several U.S. shale regions is expected to keep on rising in August, the U.S. Energy Information Administration forecast on Monday. The EIA’s latest drilling productivity report projects that drillers operating the nation’s shale oil fields will increase production by 113,000 barrels a day next month. Total output from these areas is expected […]
Read moreAs the head of the world’s largest asset management firm sees things, ETFs will be playing an ever-increasing role in investor portfolios in ways that the financial world never saw coming. Whether it’s getting a toehold in mortgages, developing new hedging strategies or simply trying to generate outperformance, BlackRock CEO Larry Fink believes growth of […]
Read moreLongtime stock market bear David Tice is easing up on the growls. The president of Tice Capital, known for having run the Prudent Bear Fund. is closely associated with his ursine views. In fact, his own website declares that he “has taken the role of a Cassandra to warn investors about the dangers of investing […]
Read moreCorporate earnings this week will decide the fate of the stock market’s run to record highs, “Mad Money” host Jim Cramer said Monday. And “if it’s going to decide the fate, I think it’s gonna be good because we have so many top-quality companies reporting this week,” Cramer said on CNBC’s “Halftime Report.” U.S. stocks […]
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Energy has been struggling this year, sinking 13 percent, but one top technician is making a contrarian call on the beaten-down sector. After multiple calls to sell energy, Carter Worth of Cornerstone Macro says that the charts are now flashing a buy sign. Energy has “come a long way, and at some point you do […]
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Good earnings and clarity on tax reform will likely send the S&P 500 10 percent higher over the next 12 months, according to Morgan Stanley’s chief U.S. equity strategist Michael Wilson. “Tax legislation remains the most important political issue for the U.S. stock market as we get later in the year,” Wilson and his team […]
Read moreBillionaire investor Nelson Peltz, who’s fighting for a Procter & Gamble board seat, blamed the consumer products giant for allowing online shave club rivals to gobble up the razor market share of its Gillette business. In a CNBC interview on Monday, Peltz said he spoke with former Gillette employees who said they wouldn’t have let […]
Read moreBlue Apron‘s stock is likely to struggle once Amazon enters the meal-kit delivery market, CNBC’s Jim Cramer said Monday. Amazon registered a trademark in the U.S. for a service described as: “We do the prep. You be the chef.” The service will provide customers with “prepared food kits … ready for cooking and assembly as […]
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Wall Street could see a pullback of 3 to 5 percent next month, strategist Katie Stockton told CNBC on Monday. “[It] depends on where support is at the time at which we’re looking for that pullback,” the chief technical strategist at BTIG said. “Right now, support for the S&P 500 is around 2,400. That’s the […]
Read moreBlackRock, the world’s largest asset-management firm, said Monday its exchange-traded funds business had a record quarter. The company said net inflows into its iShares business totaled a record $74 billion in the second quarter, pushing the unit’s assets above $1.5 trillion. “Growth was balanced among iShares Core funds, precision exposures and financial instruments, demonstrating that […]
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