Diane does not look like someone who would drug your venison chili. She sits on a San Francisco patio, her dewy blue eyes lucid, her blonde, subtly asymmetrical hair recently trimmed, her white jeans spotless. It is noon. I imagine she has enjoyed several fruitful meetings. Now, she will probably advise me on the meditation […]
Read moreClosely followed trader Art Cashin said Thursday that DoubleLine CEO Jeffrey Gundlach may have played a small role in moving Wall Street’s fear gauge higher this week. Billionaire bond guru Gundlach predicted Tuesday on CNBC that the S&P 500 will fall at least 3 percent by the end of the year, and when that happens, […]
Read moreHoward Marks, one of the most respected value investors out there, warned on Thursday about inflated financial markets and the growing risk of passive investing in the infamous technology ‘FANG’ stocks. “The willingness of people to say, ‘I love the FANGs, there is no price too high,'” is worrisome, he said Thursday on CNBC’s “Halftime […]
Read moreHome improvement sales may be the one of the few bright spots for Home Depot. Daniel Binder, an analyst at Jefferies, predicts the retailer will beat expectations next week due to strong housing sales that are boosting demand for products used in home improvement projects. “Home improvement spending still remains healthier than most areas in […]
Read moreLeuthold Chief Investment Officer Doug Ramsey is expecting a market downturn and a spike in volatility as early as the next six to eight weeks. Ramsey cited growing highs in investor sentiment as a contrarian indicator that a short-term sell-off may be at hand. The strategist told CNBC in a phone interview that he expects […]
Read moreCurrently, Microsoft co-founder Bill Gates is worth almost $90 billion and is the richest man in the world, according to Forbes. But everybody starts somewhere. A glimpse of his resume from 1974, when he was 18, reveals that during his first year at Harvard, Gates was already making $15,000. In today’s dollars, that’s almost $75,000, […]
Read moreIs Blue Apron a tech start-up or a food company? Your answer may depend on which coast you live on. On the east coast, people tend think of it as a food company. When I lived in New York City I ordered Blue Apron because I wanted to cook something but also didn’t walk to […]
Read moreThreats of Armageddon are flying between the U.S. and North Korea. President Donald Trump even implied he will launch a pre-emptive strike on North Korea, possibly using tactical nuclear weapons. The Pentagon has a plan to do just that. If carried out, however, it will fail and will likely undermine the real tools of arms […]
Read moreShares of Planet Fitness were up more than 7 percent midday Thursday after the company beat top- and bottom-line second-quarter expectations. In a call with investors, executives of the low-cost gym chain pointed to its appeal to casual exercisers and ability to snap up vacant swaths of retail real estate. Planet Fitness’ stock traded as […]
Read moreBlue Apron has had a rough quarter — but in an interview with CNBC Thursday, the company’s CEO said he remains optimistic. The company’s stock slumped more than 11 percent mid-morning after the business posted mixed financial results. It’s another blow for the newly public company, which has languished below its $10 IPO price amid […]
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