It’s going to take more than a double-digit percentage drop in a week to shake strategist Tom Lee’s faith in the potential of bitcoin. “I unequivocally believe bitcoin is your best investment to the end of the year,” the Fundstrat co-founder told CNBC, standing by similar remarks he made Aug. 9 on “Fast Money.” He […]
Read moreThe technologist who ran Donald Trump’s automated ad campaign on Facebook says “unsupervised” software can bring out the best and worst of humanity. Darren Bolding, chief technology officer of Cambridge Analytica, told the crowd at the third annual Internet Summit in San Francisco on Thursday that “algorithms will find the worst in us if you […]
Read moreThe surprise drop in August retail sales is being blamed on Hurricane Harvey and Amazon. Retail sales fell 0.2 percent, but without autos, sales were actually up 0.2 percent in August. Some of the 1.6 percent decline in auto sales was blamed on Harvey. But there was also a surprising dip in a category that […]
Read moreOracle was the worst-performing stock in the S&P 500 on Friday, tumbling more than 6 percent in its worst day in 4 years. The company reported stronger-than-expected earnings on Thursday for the first quarter of its 2018 fiscal year, which ended on August 31. But the stock turned negative after the company gave guidance for […]
Read moreHurricanes Harvey and Irma may have faded from the sky and news headlines, but you can count on them coming up again, this time in company conference calls. All the big hurricanes live again in the quarters following their landfall in the U.S., according to a CNBC analysis of earnings calls transcripts over the past […]
Read moreMarc “Dr. Doom” Faber said Friday the U.S. is no longer leading the pack and Asian and European stocks have relatively good value. Faber, the editor and publisher of The Gloom, Boom & Doom Report, said European stocks, with the exception of the FTSE 100, have outperformed the U.S. and most Asian markets this year. […]
Read moreNASA has let one of its most valuable space exploration missions go up in smoke. On Friday morning, the craft that has been exploring Saturn’s system plunged into the planet’s atmosphere and almost immediately disintegrated. More than $3 billion worth of technology and decades of work just dissolved into flames. But it really was the […]
Read moreApple fans who froze their credit after the Equifax data breach may end up with another hassle on their hands if they try to get one of the new iPhones that can cost more than $1,000. People who rushed to lock down their credit and want to make any other big purchases may find the […]
Read moreA casual observer may assume Bridgewater Associates founder Ray Dalio, who runs the world’s largest hedge fund, only had a charmed investing career filled with success after success. But that isn’t the case, as the legendary investor explained in his upcoming book. He actually went broke eight years after he started his investment firm. Counter-intuitively, […]
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The big tech rally is starting to lose steam, according to trader Todd Gordon, who says that as a result, it’s time to bet against the sector. “We’ve been watching the tech sector underperform lately, and I think we’re starting to carve out a top,” the TradingAnalysis.com founder said Thursday on CNBC’s “Trading Nation.” To […]
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