Netflix is out with the next installment of its unintended financial education series. Last year it was “Ozark,” where Jason Bateman played a crooked financial advisor who shreds the fiduciary rule that says you must protect your clients’ interests faster than the New England Patriots’ secondary. Available now on the video streaming service is “The […]
Read moreFormer Wells Fargo Chairman and CEO Dick Kovacevich told CNBC on Tuesday that he believes bitcoin is a scam. “I think it’s a pyramid scheme. It makes no sense. I’m just surprised it isn’t even lower,” he said on “Squawk on the Street.” Bitcoin tumbled to a six-week low early Tuesday, falling below $12,000 for […]
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Komal Sri-Kumar, whose economic consultancy advises multinational firms and sovereign wealth funds, believes a stock market reckoning is coming. “I think it is a bubble,” the founder of Sri-Kumar Global Strategies told CNBC on Tuesday before the Dow Jones industrial average broke through 26,000 and the S&P 500 eclipsed 2,800 on the open, continuing the […]
Read moreA possible trade war between China and the U.S. represents the biggest risk to the stock market’s record rally, CNBC’s Jim Cramer said Tuesday. Cramer was commenting on a Wall Street Journal report published Tuesday that looked at the potential consequences of a U.S.-China trade war. The report also said global markets seemed unprepared for […]
Read moreProfessional investors are going all-in on the raging bull market, reducing cash allocations to the lowest level in five years and putting the most money in stocks in two years. As the market looks to continue its best-ever start to a year, respondents to the January Bank of America Merrill Lynch Fund Manager Survey are […]
Read moreThe bad news keeps piling up for General Electric shareholders as the company announces worse than expected insurance portfolio results. GE said on Tuesday after a review of its GE Capital insurance portfolio it will take a $6.2 billion after tax charge for the fourth quarter of 2017 and expects to contribute $15 billion over […]
Read moreThe seemingly unstoppable rally that’s pushed the stock market to record high after record high is based on emotions not fundamentals, billionaire investor Sam Zell told CNBC on Tuesday. “I think the current situation seems like irrational exuberance,” said the founder and chairman of the property specialist firm Equity Group Investments. Referring to “irrational exuberance,” […]
Read moreAmazon to pop 23% this year to near $800 billion value, says Wall Street's new biggest bull on stock
Amazon stock will add to its historic run in 2018 thanks to its booming advertising business, according to a new bull on Wall Street. BMO Capital Markets raised its price target on Amazon to $1,600 from $1,200, the highest 12-month forecast on the e-commerce company of any brokerage on Wall Street. The target represents a […]
Read moreTalk about a hot start. The Dow Jones transportation average has been up each day in 2018, notching nine-straight days of gains for its longest winning streak in four years. And some market watchers see more gains to come in the short term. Boris Schlossberg of BK Asset Management said the tax cuts will help […]
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The fast start for stocks this year is hinting that the upside “overshoot” of this bull market might be underway. There’s no formal or objective definition of such a phase. It’s more about the tenor and rhythm of the market than a level or moment. An overshoot period riding on public enthusiasm and confidence is […]
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