The Dow lost 4.5%, the S&P 500 dropped 4.6%, and the Nasdaq dropped 4.9%. “We think that this week’s turbulence provides a reasonable guide to the trends to watch for in markets next year,” said Oliver Jones, markets economist at Capital Economics. As of Friday’s close, the S&P 500 was off 1.5% for the year, while Treasury yields are still up sharply from where they began the year, with the 10-year finishing the week at 2.845% after starting 2018 at around 2.45%.
Most people think they’re above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.
Close that Yahoo Finance Dow Jones Industrial Average chart (^DJI) for a second and pull up one of the financials if you want a good scare on the economy. The Dow plunged 1,150 points last week amid concerns over an inverted yield curve (it usually predicts a recession), mixed messages on President Donald Trump’s trade deal at the G20, an expected Fed rate increase, and ongoing fears on Apple’s outlook. Financials (XLF) were the worst-performing sector in the S&P 500 (^GSPC) last week, and some major bank stocks got crushed.
“The Coming Collapse of China” author Gordon Chang says China's government supported the business practices of Huawei Technologies.
In fact, according to data provided by the National Association of Realtors, he points out inventory has more than doubled from a year ago. Richter says the red bars signal “bubble trouble” in the housing market. “They see the prices and they do the math with higher mortgage rates, and they walk,” Richter said.
Lowe’s Companies said Monday that it will close 51 underperforming stores and other locations, including 20 stores in the U.S., as part of its plan to focus on its most profitable stores. The stores being closed in the U.S. are located across 13 states
Get ready for a wild 2019 for tech stocks and the FAANG names in particular. Last year, he accurately predicted that Amazon would choose the Washington, DC area for one of its HQ2 locations, arguing that would clearly be the choice of CEO Jeff Bezos, who has a house nearby and owns the Washington Post. On Monday, Galloway made roughly 19 predictions and recommendations about the tech industry in 2019, although not all of them were about tech stocks specifically.
I’m a big fan of “Shark Tank,” the CNBC show where successful entrepreneurs listen to young hopefuls pitch the next big thing — and maybe buy a piece of the action. Of course I would be. As an entrepreneur myself I totally get where they’re coming from
In its first move since Meng Wanzhou was arrested Dec. 1, Chinese Vice Foreign Minister Le Yucheng summoned Canadian ambassador to China John McCallum to urge the immediate release of Huawei’s chief financial officer, the foreign affairs ministry said in a statement Saturday. The move ignored the law, and Canada should be held accountable if Meng was not immediately released, Le said in the statement. Meng’s arrest, on allegations that she committed fraud to sidestep sanctions against Iran, has become a flash-point in trade tensions between the U.S. and China, roiling markets.
An investment in a venture capital fund that bought into Uber Technologies Inc. has proved to be a lifeline for the disgraced cyclist. Armstrong in 2009 invested $100,000 in Chris Sacca’s newly started Lowercase Capital, CNBC reported.
High-quality dividend growth stocks, including the Dividend Aristocrats , have obvious appeal. Income investors such as retirees who desire higher levels of investment income for their portfolios should consider the list of Dividend Aristocrats. The Dividend Aristocrats represent the cream of the crop of dividend growth stocks, as they have increased their dividends for at least 25 consecutive years or longer.
Mark Cuban once drove around a real hunk of junk — seriously. The billionaire Dallas Mavericks owner says the best pieces of investing advice he got when young was to be as poor as possible first. The “Shark Tank” star these days doles out a lot of advice to young entrepreneurs on CNBC but he says it doesn’t take a million-dollar idea to become rich.
This weekend's Barron's cover story takes a look how subscriptions are changing corporate America. Other featured articles examine what a subscription model could mean for the iPhone maker and what to expect as Dell comes public again. Also, bargains
Nine years in, the bloom is decidedly off the rose for U.S. stock investors While experts disagree whether we’re in a bear market, volatility is definitely back in a big way. Stock indexes have fallen by hundreds of points, recovered, then fallen
Suze Orman is one of those singular personalities in the financial business who seems to be right on the pulse of everyone she meets. She’s written books, starred in her own television show and made innumerable appearances in person. Like Oprah
The outlook was decidedly bullish for U.S. stocks and developing-nation assets 12 months ago, with both forecast to build upon a stellar 2017. The beaten-down greenback wasn’t expected to fare any better in 2018, as a rosy international growth outlook threatened to lure investors away from American markets. Not much has gone according to plan, but DWS, Cantor Fitzgerald and Morgan Stanley were among the few who bet against the trend and got it right.
White House National Trade Council director speaks out on 'Sunday Morning Futures' on the chief of staff shakeup and trade fears rattling U.S. stock market.
The U.S. Geological Survey has revised the technically recoverable reserves in the Wolfcamp Basin, in the Permian shale play, to 46.3 billion barrels of crude and 281 trillion cu ft of natural gas. It’s worth noting, however, the new estimate also includes the Bone Spring formation that makes up part of the Delaware Basin in the Permian. This is the first time this formation is included in the USGS oil and gas reserves assessment.
Qualcomm’s struggling data center business was hit another massive blow as the company laid off hundreds. The news, first revealed by the Information, has since been confirmed by TechCrunch. The chipmaker laid off 269 employees in all, including 144 in its Raleigh, North Carolina, where its data center business is located, and an additional 125 in San Diego, the company's hometown.
A weaker-than-expected U.S. nonfarm payrolls report set-off volatile reactions in several markets on Friday amid concerns the U.S. Federal Reserve may have to consider curtailing its plans to raise rates aggressively in 2019. The slow job growth suggests
Suze Orman broke the internet earlier this month when she told the “Afford Anything” podcast that those buying into the FIRE movement (financial independence, retire early) better save at least $5 million to achieve that goal. “Her views ruffled a lot of feathers, but after crunching the numbers, I have to agree — $5 million sounds about right if you want to retire before the age of 60,” the Financial Samurai blog’s Sam Dogen said. Dogen says 40 is the absolute earliest he’d recommend anybody retire, although even then, that’s asking a lot out of your investments.
On the low end, we have Morgan Stanley’s Mike Wilson who sees the S&P 500 (^GSPC) essentially going sideways and ending 2019 at 2,750. On the bullish side is Credit Suisse’s Jonathan Golub, who sees multiple expansion sending the S&P to 3,350. Here’s a summary of what Wall Street’s top strategists are telling their clients.
The U.S. International Trade Commission said on Friday it made a final determination that American producers were being harmed by imports of common alloy aluminum sheet products from China, a finding that locks in duties on the products. The ITC determination means that duties ranging from 96.3 percent to 176.2 percent previously announced by the U.S. Commerce Department would be put in place for five years. The department said last month the products were being subsidized and dumped in the U.S. market.
If you follow the markets you probably know that the yield curve has partially inverted. You also probably know that this is a fairly big deal, because almost every financial reporter in the country keeps saying so. It may be less obvious why, exactly
In 2014, WTI crude oil prices were north of $100 per barrel. Not surprisingly, energy stocks, and in particular oil stocks, were doing pretty well back then. The oil market was left with this massive oversupply glut, and that sent oil prices tumbling.