Fundstrat’s Sam Doctor told investors to expect a market pullback later this year, saying the current period of low volatility is “unstable.” The quantitative strategist cited how the spread between correlations of stocks to their industry versus the rest of the market is at 99 percentile historical highs, which is often a precursor to market […]
Read moreThe dollar could continue to flounder and the economy could fall into recession unless Congress moves on tax-cutting legislation, says David Woo, Bank of America Merrill Lynch’s head of global rates and foreign exchange strategy. “The single biggest driver of the dollar is the outlook for U.S. tax reform. If tax reform happens, it will […]
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With the dollar tumbling against the euro this year, many on Wall Street are predicting the U.S. currency may weaken even further from here. Investors can trade the trend, using history as a guide. The euro surged 1.8 percent this week against the dollar through Friday because European Central Bank President Mario Draghi said the […]
Read moreOnline ad fraud is a growing problem, and even huge platform companies like Google and Verizon‘s Oath are not immune. Google-run tests found fraudulent companies selling ad space on premium websites they did not have access to, or on fake versions of real websites, as first reported by Business Insider. The fraudulent ad space was […]
Read moreAthenahealth CEO Jonathan Bush sounded an upbeat tone about the company’s efforts to address activist shareholder demands for more financial discipline from the medical records and billing software company, thanking them for “constructive feedback” during the company’s second-quarter earnings conference call Friday. “Metamorphosis is hard and I have been doing a lot of thinking about […]
Read moreAmazon’s pricing practices are now reportedly being probed by the Federal Trade Commission, fresh off Google’s record-crushing $2.7 billion fine over competitive practices in Europe. But while regulators might be dubious, Amazon’s wide-reaching business is still nowhere near a monopoly, according to Ethan Kurzweil, a partner at Bessemer Venture Partners. “I don’t think they’re a […]
Read moreCustomers are buying generic brands more than ever in stores, but they’re not buying as many online. For now, at least. Last year, trips to a brick-and-mortar store that included the purchase of a private label product grew 1.1 percent, according to Nielsen. Online, that number fell 1.7 percent. However, just 12 percent of shoppers […]
Read moreIf you’re an advertiser who wants to market a product to millennials, you’re going to have to make it quick. A new study by comScore revealed online ads targeted toward millennials have to be around 5 to 6 seconds to be effective, a sharp contrast from the traditional 30-second commercial see on TV. “The length […]
Read moreThe U.S. government will ban U.S. citizens from traveling to North Korea after the death of a U.S. student arrested there while on a tour, a U.S. official and tour agencies that arrange trips to the country said on Friday. The ban will be announced on July 27 and go into effect 30 days later, […]
Read moreFrench bankers pledged to create 1,000 jobs in Paris as part of a plan to shift their operations out of London once Britain leaves the European Union, following a meeting with France’s finance minister, Bruno Le Maire. President Emmanuel Macron’s government has already announced plans to cut payroll tax and cancel a planned extension of […]
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