Bitcoin (BTC) will eventually die: Nobel Prize-winning economist Robert Shiller gave interesting but pessimistic remarks which shatter Bitcoin’s price fundamentals. The Bitcoin price bull-run seems to have paused after increasing skepticism from economist and technical analysts; they continue revealing bearish outlooks for Bitcoin in both the short and the long-run. Source Image: coinmarketcap.com Robert Shiller
Month: May 2018
Political uncertainty in Italy has unhinged world markets, raising the specter of a euro crisis that could ripple across the global economy and even force the Federal Reserve to slow its rate-hiking plans. Several strategists say there is little chance the euro zone’s third-largest economy will move to leave the single currency, creating a continent-wide
Check out the companies making headlines before the bell: Apple – Apple will use OLED screens in new iPhone models planned for 2019, according to South Korea’s Electronic Times. Apple currently uses LCD screens in its phones. The news is helping boost the stock of OLED screen maker Universal Display. Bank of Montreal, Canadian Imperial
Check out the companies making headlines before the bell: Foot Locker – The athletic apparel and footwear retailer reported adjusted quarterly profit of $1.45 per share, 20 cents a share above estimates. Revenue also beat forecasts, but comparable-store sales fell by 2.8 percent — that was smaller than the Thomson Reuters consensus estimate of a
Check out the companies making headlines after the bell: Gap shares plunged about 8 percent in extended trading. The clothing retailer, which owns brands like Banana Republic, Old Navy and Athleta, reported mixed first quarter earnings and revenue. Gap missed analyst expectations for earnings by 4 cents, reporting EPS of 42 cents on $3.78 billion
Check out the companies making headlines before the bell: Best Buy – The electronics retailer earned an adjusted 82 cents per share for the first quarter, 8 cents a share above estimates, with revenue also exceeding forecasts. Best Buy reported a comparable store sales increase of 7.1 percent, well above the consensus Thomson Reuters forecast
Check out the companies making headlines after the bell: Shares of Williams-Sonoma soared nearly 15 percent in after hours trading. The home and kitchen retailer reported first quarter earnings and revenue that blasted past analyst expectations and prompted the company to strengthen outlook for fiscal 2018 revenue and earnings. Williams-Sonoma reported EPS of 67 cents
Check out the companies making headlines before the bell: Lowe’s – The home improvement retailer missed estimates by 3 cents a share, with quarterly earnings of $1.19 per share. Revenue missed forecasts, as well, and same-store sales were up 0.6 percent compared to the consensus Thomson Reuters estimate of a 3.1 percent increase. Lowe’s said
Check out the companies making headlines after the bell: Red Robin Gourmet Burgers stock plunged more than 16 percent after the bell, after the burger chain missed on top and bottom lines in the first quarter. Red Robin reported EPS of 69 cents on $422 million in revenue versus the 76 cents on $427 million
The elevation of Stacey Cunningham to president of the NYSE Group represents a full circle for one of the few women who have worked on the exchange floor. Cunningham is well-known to traders. She started her career on the floor in 1994 as an intern with specialist firm Murphey, Marseilles, Smith & Nammack but started
Check out the companies making headlines before the bell: Kohl’s – The retailer beat Street forecasts by 14 cents a share, with adjusted quarterly profit of 64 cents per share. Revenue beat estimates, as well. Comparable-store sales were up 3.6 percent, better than the Thomson Reuters consensus estimate of a 2.7 percent gain. Kohl’s also
Can Spotify upend the IPO market? When Spotify went public April 3, it attracted a lot of interest, and not just because the company was well known to the public. Instead of hiring underwriters to sell new shares to the public, Spotify went public on the NYSE in what is called a “direct listing.” It
Check out the companies making headlines after the bell on Monday: Shares of Adobe jumped close to 2.5 percent after the bell, before paring gains slightly and settling up nearly 1 percent. The software company on Monday announced an $8 billion stock repurchase program, which extends a previous $2.5 billion program through 2021. Adobe CFO
Check out the companies making headlines before the bell: Alphabet – Alphabet’s Google operation was the subject of a piece in last night’s episode of “60 Minutes,” highlighting the company’s power and airing comments from critics who say Google is stifling competition. General Electric – GE will merge its transportation business with rail industry equipment
It’s finally happening. More than 16 years after the World Trade Center tragedy, a major component of the rebuilt WTC site is getting ready to open. 3 World Trade Center will be opening in early June, with lead tenants including music streaming firm Spotify and advertising giant GroupM. It will join 1 and 4 World
It’s finally happening. More than 16 years after the World Trade Center tragedy, a major component of the rebuilt WTC site is getting ready to open. In early June, 3 World Trade Center will be opening with lead tenants including music streaming firm Spotify and advertising giant GroupM. It will join 1 and 4 World
It’s finally happening. The broad market and key leadership sectors are breaking out of a downtrend. Bulls are starting to regain control of the narrative. The big-cap S&P 500 and the small-cap Russell 2000 are both breaking out of a three-month downtrend characterized by a series of lower lows. That is now reversing. Today, when
Bulls have regained some control of the narrative — for the moment. Man, that was a hairy morning. Friday’s jobs report was perfect for bulls. The 163,000 jobs created in April was just a tad below the 195,000 expected, and not too strong to allow bears to claim the Fed was going to get more
These days, you can go through an entire investment cycle in an afternoon. It seemed that way on Thursday. The market fell at the open, but when the S&P 500 broke below its 200-day moving average at mid-morning, the market swooned. The S&P dropped more than 20 points over the next half hour. But then,
Stocks are facing a trifecta of potent issues: the argument that higher earnings are factored into the market (“peak earnings”), that global growth, while still strong, is slowing, and that inflation is picking up. Exactly how much global growth is slowing — if at all — is hotly debated, but the bears have the upper