Oil prices are positioned to head higher in the second half, analysts said on Monday, after crude’s dismal performance in the first six months of 2017 caught many commodity watchers flat-footed. Crude oil prices fell about 14 percent this year through Friday’s close, as an effort led by OPEC to drain huge global stockpiles disappointed […]
Read moreTesla Motors may not meet its Model 3 production goals, but that probably won’t impact its stock much, Oppenheimer senior analyst Colin Rusch told CNBC on Monday. “There’s always been a lot of enthusiasm around the stock,” Rusch said on “Squawk Alley.” “And I think the press management and the public discourse management has really […]
Read moreThe attack had the hallmarks of something researchers had dreaded for years: malicious software using artificial intelligence that could lead to a new digital arms race in which A.I.-driven defenses battled A.I.-driven offenses while humans watched from the sidelines. But what was not as widely predicted was that one of the earliest instances of that […]
Read moreThere is no easy fix for Silicon Valley’s culture of sexism, Roger McNamee, managing director at Elevation Partners, said Monday on CNBC. The comments come after yet another venture capitalist has been accused of sexual harassment. “Silicon Valley has a cultural problem right now that is so severe that it almost needs a reset,” McNamee […]
Read moreWhile investors may be optimistic on Tesla’s Model 3 production plans, which were tweeted by Elon Musk overnight, Bernstein is still skeptical the company will be able to produce the new electric car at a profit. Tweet Link Analyst Toni Sacconaghi noted Musk’s tweets, if accurate, mean Tesla will be able to manufacture the Model […]
Read moreVerizon is speculated to be looking into buying media conglomerate Walt Disney, the New York Post reported this weekend, based on conversations the publication had with one banker. Shares of Disney were trading about 2 percent higher Monday morning, as investors digested this story on a holiday-shortened trading day. “One rumor making the rounds last […]
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The stock market has been on a tear this year and more gains may be ahead, according to what some say is the oldest market indicator on Wall Street. The Dow Jones industrial and transportation averages hit all-time highs on Monday, confirming each other’s upside trends and triggering a “buy” signal in the market, according […]
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Central bank easing may no longer be politically acceptable. That’s what Bank of America Merrill Lynch’s widely followed chief investment strategist, Michael Hartnett, says in a note. “Central banks have exacerbated inequality via Wall St. inflation & Main St. deflation; [it’s] no longer politically acceptable to stoke [the] Wall St. bubble,” the strategist wrote last […]
Read moreMarc “Dr. Doom” Faber has a warning for investors — brace yourselves for another financial crisis. Just last week, Federal Reserve Chair Janet Yellen said another crisis like the one in 2008 was not likely to happen “in our lifetime.” Faber told CNBC’s “Squawk on the Street” on Monday that “I’m 71 and for sure […]
Read moreOPEC has lost its grip on the oil market, but oil prices will likely set a bottom in the low $40s per barrel, according to the latest CNBC Oil Survey. Sixty percent of participants agree that OPEC has lost control of the oil market, and the same percent also expect the cartel to continue its […]
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