Employers are expected to have added about 200,000 jobs in November and wage growth was seen as strong, two trends reinforcing that the Federal Reserve will raise rates when it meets next week. The employment report, expected at 8:30 a.m. ET, is expected to show the unemployment rate held at 4.1 percent, and average hourly […]
Read moreA lot of people are talking about cryptocurrencies these days, probably because they’ve gone so much higher this year. The most important thing to remind ourselves is that anything to do with bitcoin or ethereum right now is pure speculation. Prices are rising because there is a finite supply and people are betting that other […]
Read moreThe analyst who accurately called oil’s bottom in in 2015 sees a boom for U.S. shale producers. Tom Kloza, who runs the Oil Price Information Service, is crediting OPEC for his optimistic 2018 forecast. “OPEC basically gave a Christmas gift to U.S. shale producers,” the company’s global head of energy analysis said this week on […]
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Shares of Sage Therapeutics soared more than 60 percent in premarket trading on Thursday after the company announced positive results in the testing a major depressive disorder (MDD) treatment. Sage said in a release that 64 percent of patients achieved MDD remission using the SAGE-217 drug in the 15th day of treatment. This is the […]
Read moreThose who track the markets commonly describe stocks and bonds as arguing about the economic future — with the odds typically tilted toward bonds, for their tight focus on the core macro forces and record of prescience. The headlines are familiar: “Bond Markets Have a Message About the Economy That Stock Investors Might Not Want […]
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Stronger business travel in 2018 will likely mean higher profits for hotels, airlines and car rental providers, but online travel company Expedia won’t be in on the windfall. Growth concerns have dogged Expedia throughout the year, and MKM Partners analyst Christopher Agnew says these worries aren’t likely to resolve themselves soon. Shares of Expedia fell […]
Read moreCheck out which companies are making headlines before the bell: Shake Shack — The fast casual chain got a positive bump from Morgan Stanley, which raised its rating on the stock to “equal weight” from “underweight.” Shake Shack new store openings have consistently outperformed, the firm wrote in a note, and this next year should […]
Read moreA correction hasn’t shaken the historic market rally yet, but Wall Street legend Byron Wien says it’s “definitely” coming. “A 10 percent correction could come along at any time, and particularly when the market has done as well as it’s done. I mean basically it’s gone straight up since Donald Trump was elected,” Wien warned […]
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Biotech stocks have lagged recently, as the Nasdaq biotech ETF, the IBB, has declined for three-straight sessions and is down more than 10 percent from its October high. On a technical level, the group’s charts concern Miller Tabak equity strategist Matt Maley. Here’s why: • On Wednesday, the ETF broke below its 200-day moving average, […]
Read moreAs he rounds out his last few months as CEO of the now-private Panera Bread, Ron Shaich told CNBC that one of his biggest worries is the “pervasive short-term-ism” of the public market. “The greatest competitive advantage Panera had, the reason we produced these results we did, is because we could think long term,” Shaich […]
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