The stock market is likely to remain highly volatile, but the economy is unlikely to fall into a recession and that makes it a good time to “buy the dips” again when stocks fall, Leuthold chief investment strategist Jim Paulsen said. “If there’s no recession, to me it’s a buyable correction. They don’t tend to
Month: December 2018
An oasis for the intellect and the spirit, Rothko Chapel in Houston will begin a restoration and renovation project in March 2019.Courtesy of Rothko Chapel, Photo by Runway Productions Rothko Chapel in Houston is open every day and open to all, but come March 2019, the contemplative center with a global reach and following will
There may be another bear market under way – in New York City real estate. For much of 2018, housing in the Big Apple has been entrenched in a buyer’s market, where prospective homeowners are able to extract lower prices from those looking to sell. A new report from Warburg Realty underscores just how deep
Investor Peter Boockvar believes the stock market’s wild swings are evidence of a bear market. Boockvar recently told CNBC that the recent monster rallies do not signal the bulls are back. He noted bull market moves are more methodical. “We are in a bear market, and a bear market is not just going to end
Investors are fearful the stock market is signaling that a recession could be on the way either because of a Fed policy misstep or trade wars, but that doesn’t have to be the case. Not all big market declines have signaled a recession, but once a market decline reaches 20 percent, the odds are higher,
Share to facebook Share to twitter Share to linkedin The living room fireplace is surrounded by a slab of white marble.Andrew Bramasco Billionaire Mark Cuban bought a $19 million beach house on the Southern California coast a few days before Christmas. The home has six bedrooms, nine bathrooms, a media room, a library, a wine cellar, a
Sears is expected to close another round of stores early next year, as the bankrupt department store chain now tries to stay afloat via a $4.4 billion bid from its chairman, Eddie Lampert. Sears told its employees earlier this week that 80 Sears and Kmart locations across the U.S. will shut by March, with liquidation
Historic swings in stocks this month have shaken many a bull’s faith in the market. Not entirely so for Raymond James’ chief investment strategist Jeffrey Saut, who sees years left in this bull market. But that prediction comes with a caveat. “Longer term secular bull markets tend to last 15, 16, 17 years — the
The Wall Street Journal reports Apple has lost nearly $9 billion this year buying back its own stock. Apple is one of those buyback monsters that has spent significant money to buy back their stock, not just this year but since 2013 Apple’s share count has declined from 6.5 billion shares to 4.5 billion —
Investors can bid farewell to the worst year for stocks in a decade, but they may not find a way to escape the volatility when the new year starts with a bang. By the first Friday of 2019, it’s back to business in a big way with the December jobs report and an unprecedented panel
Ho-ho-ho, looks like Santa put crypto on the nice list. Crypto is in the green today! We’re going to take a closer look at Ethereum (ETH), EOS, and Litecoin (LTC) to see if anything is going on with these coins. Let’s dig in! Ethereum ETH At the time of writing, ETH is selling for $135.10,
The price of bitcoin is up over $300 from today’s low and now has its sight set on a key technical hurdle that, if surpassed, could spark a stronger rally, analysis suggests. At 15:00 UTC, bitcoin’s price began its ascent, invalidating what was a narrow trading range between $3,580 and $3,630. The move occurred just above
Sea wreck on Long Island, Bahamas. (Photo by DeAgostini/Getty Images)Getty Star Resort Group Inc. announced plans to build Port St. George Resort, The Bahamas’ first ever eco-engineered luxury waterfront destination. The 882-acre mixed-used tourist development will span coast to coast on Long Island, often described as the most beautiful Bahamian island. Port St. George harbor
Investors can start finding some buying opportunities in the market — as long as they have a strong stomach, Bespoke Investment Group co-founder Paul Hickey told CNBC. He still sees volatility in the weeks or months ahead and thinks the market has yet to hit bottom. However, conditions in the recent sell-offs seemed to yield
The market will probably rally, but that doesn’t necessarily mean the bottom is in, top technical analyst Ralph Acampora told CNBC on Friday. In fact, right now he sees a bear market for stocks. The market began its wild week with a massive sell-off on Monday that saw the S&P 500 enter bear market territory.
The January Barometer is one of Wall Street’s favorite seasonal gauges. According to the Stock Trader’s Almanac, it has registered only nine major errors since 1950 and been accurate 74.6 percent of the time. If relatively flat years are excluded, the accuracy rate gets even better: 86.6 percent. But in a year when a lot
Check out the companies making headlines after the bell: Aphria shares soared more than 20 percent during after-hours trading Thursday as Green Growth Brands announced it would launch a takeover bid for the company. Green Growth Brands is a marijuana retailer and Aphria is one of the largest Canadian cannabis companies in the world. P&G
We live in a time of rapidly advancing technology. Interconnectivity has brought the world closer than it’s ever been before, however, it’s also made our personal information far more vulnerable as a result. Passwords have long been seen as the cornerstone of online security. Whenever we indulge in internet shopping, or access work emails, or
Share to facebook Share to twitter Share to linkedin The South Beach condo once owned by famed architect Zaha Hadid is available at $37,000 a month.Douglas Elliman Real Estate Zaha Hadid, once the most famous female architect in the world, redesigned her own condominium at W South Beach in Miami Beach, Florida, where she lived
Stocks may be “cheap” on a valuation basis right now, but value investor Scott Black isn’t buying into this market. The problem is the ongoing trade war between the U.S. and China, the president of Delphi Management told CNBC on Thursday. The two nations have been engaged in back-and-forth tariffs on each other’s goods. “This
Check out the companies making headlines before the bell: Intel – Intel received a $185 million grant from the Israeli government in return for a $5 billion expansion of its chip making operations in Israel. Walmart, Target, Macy’s – These and other retail stocks are on watch today, following holiday shopping season numbers that were
Photocredit: GettyGetty The idea of shopping around for a mortgage can be daunting. After all, there’s so much paperwork associated with applying for one mortgage, who would want to go through the process multiple times? However, the fact is that if you don’t shop around for your mortgage, you’re doing yourself a huge disservice. We’ve
In the dust of Wednesday’s stunning 1,000-point market gain could be the makings of the long-awaited Santa Claus rally. Though the jolly old elf traditionally visits the public before Christmas, he generally doesn’t come to Wall Street until the last week of the year. With just four trading days left, including Wednesday, it was about
It was Wall Street that scared the markets as storied institutions failed during the financial crisis, and now as stocks fall into bear market territory, it’s Washington that’s getting the blame. Making matters worse, is that when financial markets are in trouble, market pros turn to Washington’s lawmakers and regulators for help, and now they
Cryptocurrencies are absolutely booming this morning, just in time for the holidays! All but five digital currencies that are in the top 100 are trading green. This is quite a shift, as 2018 has been a negative year for digital currencies. Today, we’ll take a look at Ripple (XRP) and Bitcoin Cash (Bitcoin ABC). Ripple
For this serial entrepreneur and real estate developer, his newest project—perhaps his final—has been a 14-year labor of love. Tim Charlwood is an outdoor adventurist who’s sailed and ballooned all over the world. As a founding member of Mustique Island (a private locale in the Grenadines), he’s spent time with fellow Brits Mick Jagger, David
U.S. market indicators are signaling that the economy could slow in 2019, former deputy Treasury Secretary Roger Altman told CNBC on Monday as markets closed early ahead of Christmas. The major averages saw the worst Christmas Eve trading session in history as the Dow Jones Industrial Average shed over 650 points and the S&P 500
A Santa Claus rally, which would begin on Monday, is a very specific event: the tendency for the market to rise in the last five trading days of the year and the first two of the new year, good for an average gain of 1.3% in the S&P since 1950, according to the Stock Trader’s
Stocks could look to bounce later in the week, after the worst Christmas Eve performance ever, but some strategists expect only a half-hearted rally attempt with more losses to come. The S&P 500 lost 2.7 percent Monday, to 2,351 in a half-day session, and is now officially in a bear market — or down 20
According to the president of Western Union Global Money Transfer, the company is “ready to adopt any kind of currency.” And interestingly, this includes cryptocurrencies. Western Union Ready to Adopt Odilon Almeida held an interview with Reuters Plus yesterday. Here he stated that there was no big difference between cryptocurrencies and regular digital payments, of which the
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