Tesla shares are seeing a strong start to the year, and some market watchers expect further gains. The stock fell in Tuesday trading, just one session after surging over 6 percent — its best day since September. Although the stock is still off 14 percent from its all-time high, now could be the prime time […]
Read moreCNBC’s Jim Cramer has been known to argue the market is seeing a shortage of shares. Quite frankly, this is the most brilliant comment concerning the equity markets anyone has made in at least five years. His outlook on this issue highlights a broad theme in the markets these days: The supply and demand for […]
Read moreThe Children’s Place has undergone transformations in various key areas including inventory, distribution and digital channels under President and CEO Jane Elfers. As she steers the company towards international success, Elfers told CNBC on Tuesday that the company’s digital efforts are being driven by a crucial customer demographic: millennials. “We have the dream customer. We […]
Read moreOne thing became clear to CNBC’s Jim Cramer as he spoke to various consumer-facing CEOs at ICR’s annual investment conference: the consumer is better off than many people think. “The consumer is alive and well and spending. The consumer wants value. The consumer wants reliability. And the consumer will pay for it,” the “Mad Money” […]
Read moreFor hedge funds, 2017 ended with a clean sweep — positive returns in every month that resulted in the best total performance in four years. That kind of a winning streak hasn’t happened since 2013 and was part of a 14-month run of monthly growth that resulted in a gain of 8.5 percent for the […]
Read moreThe Bank of Japan is seen as the last grown-up in the room actively filling the global liquidity punch bowl with both hands. That’s why a slight tweak to its bond-buying program caused a flurry across financial markets Tuesday, sparking speculation it was joining the Federal Reserve and European Central Bank in cutting back on […]
Read moreMGM Resorts represents the gambling sector’s most compelling option in the new year, according to J.P. Morgan. Though the company had a turbulent 2017, analyst Joseph Greff told clients that investors are underestimating MGM and that the company is likely to surpass expectations during earnings. “We believe MGM represents the gaming sector’s most attractive risk/reward […]
Read moreBitcoin has changed many lives. Luke McGrath’s is one of them. The 15-year-old from from Statesboro, Georgia, put around $500 — or 10 weeks of his pay as a cashier at a local Japanese restaurant, into the currency via his mother’s account. Ever since, he checks the value of bitcoin compulsively. He sneaks glances at […]
Read moreIf Minneapolis Fed President Neel Kashkari gets his way, the nation’s biggest banks will need to keep more cash on hand — a lot more. The central bank branch has been studying the issue of how to prevent situations like the one that led to the financial crisis in 2008, and Kashkari said it is […]
Read moreCryptocurrency ripple fell on Tuesday on the Bitstamp exchange, adding to sharp losses from the previous day. The price of the digital currency dropped 5 percent and traded at $2.319 as of 10:19 a.m. ET. Ripple dropped more than 8 percent on Monday as prices of several digital currencies also declined. Bitcoin briefly fell more […]
Read more