Attorney General William Barr said in a letter to Congress Sunday that Special Counsel Robert Mueller found no evidence of collusion with Russia in the 2016 presidential campaign. While Mueller failed to exonerate Trump on obstruction of justice, Barr said he didn't find enough evidence to pursue that charge. “For now, just for now, this should be a market positive,” said Quincy Krosby, chief market strategist at Prudential Financial Inc., which has about $1.4 trillion in assets under management.
By and large, it's institutional selling — when fund managers decide to liquidate large positions and take profits after a big price run. So after a stock's lengthy run-up, it's always important to watch for signs of heavy institutional selling. When To Sell Stocks: Utilize This Stock Chart Tool For a market leader, the 50-day moving average, which computes a running average of price closes over the past 50 trading sessions, can act as a support level during an uptrend.
The Dow Jones industrial average closed down 460.19 points, or about 1.8 percent, at 25,502.32. Meanwhile, the "yield curve" inverted for the first time since 2007. That means a Treasury bill that matures in three months is yielding 2.45 percent -- slightly more than the yield of a Treasury note that matures in 10 years. While the yield curve is still often a predictor of recessions, it may well not be imminent.
Jim Cramer runs through his thoughts about viewers' stock picks.
Warren Buffett may be worth tens of billions, but he still lives simply, and his strategies for investing and amassing wealth aren't too complicated either. Buffett's first key to prosperity has little to do with picking stocks. "Without good communication skills, you won't be able to convince people to follow you even though you see over the mountain and they don't," Buffett once told a Stanford MBA student.
U.S. markets had their worse daily decline so far in 2019 as investors ditched stocks on concerns about the economy and warning signals from the bond market sent buyers into Spring hiding. This was Friday's damage; S&P 500: DOWN 1.9% DJIA: DOWN 1.7% Nasdaq: DOWN 2.5% In fact, investors have been pulling money out of stocks all week. According to Bank of America, $12.1 billion went into bonds, while $20.7 billion came out of equities.
Disclaimer: These summaries are provided for educational purposes only by Nelson Rosario and Stephen Palley. As always, Rosario summaries are “NMR” and Palley summaries are “SDP". Surprisingly, one area of law that we have not talked about at Crypto Caselaw Minute concerns landlord tenant issues.
A recent study has revealed for the first time the 10 biggest causes of financial regret among those who have retired or are near to retirement. The information may help those who are currently working and saving, by giving them more ability to plan their finances and prepare. A survey of “Saving Regret” targeted 1,600 Americans aged 60 to 79 to ask them about whether they had saved enough money — and if not, why not.
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.
The list is heavy on U.S. shale firms, Canadian oil producers with major oil sands operations, and companies exploring for oil in Africa. This list could be a telltale sign of what the Norwegian financial experts think of the possible returns in the U.S. shale business, Canada's oil sands, and oil and gas exploration in developing, and sometimes undemocratic and opaque, economies, Justin Mikulka of the Desmog blog argues. The list includes Anadarko Petroleum, Apache Corp, Chesapeake Energy, Concho Resources, Continental Resources, Devon Energy, Diamondback Energy, EOG Resources, Marathon Oil Corp, Murphy Oil, Occidental Petroleum, Pioneer Natural Resources—to name just a few of the oil drill...
Before “retirement,” many members of the FIRE movement are working full time jobs — often lucrative ones — but they leave all that behind in order to live off their savings for decades. And it doesn't always work out that way. Mr. Money Mustache is largely credited with popularizing the idea of “early retirement” and encouraging others to spend less in order to work less, too.
Employees under FERS receive retirement benefits from three sources: the basic benefit plan, Social Security and the Thrift Savings Plan, or TSP. Basic Benefit Plan The basic benefit plan is a pension in which the employee receives a set amount, regardless of the amount he or she has contributed. The amount depends on length of service and “high-3” average.
In a conference call, he hurled expletives at Boeing Chief Executive Officer Dennis Muilenburg, according to a person who heard the exchange and asked for anonymity to describe the private conversation. Boeing's narrative largely held – until Ethiopian Airlines Flight 302 crashed minutes after takeoff this month. Now scrutiny is landing on the iconic American planemaker, facing Congressional hearings and law enforcement investigations into how it handled its own responsibilities to guarantee the safety of the 737 Max planes.
After Hours Trading: Here's What It Is And Why It Can Help You In The Stock Market
"Investing Lessons From the Activist Playbook" by Al Root suggests that more companies — even Apple Inc. NASDAQ: AAPL) — are being targeted by activist investors who are notching more victories, and yet the record on their returns is mixed. n "Tesla, GM, and Lear Are in the Driver's Seat as the Auto Industry Changes," Richard Rescigno interviews two top auto analysts who explain their views on how to play the future of transportation, what to expect from General Motors Company (NYSE: GM) and others.
Like the song says: “know when to walk away, know when to run.” Such is the case with the Chinese electric car company Nio (NYSE:NIO). While NIO stock hit a post-IPO peak of more than $10 early in March, the shares opened March 21 at $5.85. By March 11 InvestorPlace contributor Luke Lango saw the bull thesis weakening and that was an understatement.
Mortgage rates fell by 3 basis points to 4.28% in the week ending 21st March. The latest reversal saw mortgage rates continue to fall to the lowest level since the end of January last year. The figures were released by Freddie Mac.
In an environment that's already seen a great deal of partnering and acquisitions, it's interesting that one of the biggest cannabis producers has gone untouched, and perhaps largely unnoticed. That's Canada's Aphria (NYSE:APHA). Friday's market saw APHA stock close down more than 5%.
However, this move higher has occurred despite Aurora making no moves into the U.S. hemp market. Moreover, ACB stock trades close to levels it saw before it started falling in October, portending a possible double top in the equity. Considering the stock price and other factors, investors should probably avoid Aurora Cannabis stock at these levels.
It has been about a month since the last earnings report for Kraft Heinz (KHC). Will the recent negative trend continue leading up to its next earnings release, or is Kraft due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
The risk-off tone that built on Friday looks set to extend into Asia early Monday, as futures signaled losses for equities in Japan, Australia and Hong Kong. Australia's 10-year bond yield hit an all-time low after the yield on Germany's 10-year bonds tumbled below zero and a closely watched gauge of Treasuries inverted for the first time since 2007, underscoring the return to globally low long-term rates. Global equities are showing signs of cracking, after rising to a five-month high, amid a slew of weakening economic data and commentary on the slowing world expansion from the Federal Reserve and others that's helped embolden a rally in sovereign bonds.
S&P 500 e-mini futures turned flat, after rising slightly, on Sunday after U.S. Attorney General William Barr said Special Counsel Robert Mueller had found no evidence of collusion between President Donald Trump's 2016 campaign team and Russia. The 10-year Treasury note futures were also trading flattish at the open. Nasdaq 100 e-minis, meanwhile, were up 0.09 percent on volume of 2,417 contracts, while the Dow e-minis were up 0.13 percent, with 1,248 contracts changing hands.
I have to wonder about their decision to put the photos on Instagram — one of the social media apps that could put Snap out of business, ultimately sending SNAP investors scrambling to buy FB stock, if they already haven't,” I wrote. However, I have to give him credit for risking it all in the short-term for an app redesign that would deliver consistent revenue and profit growth in the long-term. It's not easy to take that kind of risk when the entire world is telling you that you're making a huge mistake.
Like PepsiCo, Inc. versus the Coca-Cola Company or Ford Motor Company versus General Motors Company, the battle between McDonald's Corporation (NYSE: MCD) and Burger King represents one of the most iconic and important business rivalries in American history. For more than 60 years, McDonald's has been the trailblazer that set the standard by which all other franchises operate.
When Big Oil majors started buying EV charging networks and battery producers, they probably earned some praise for venturing into new business directions away from their increasingly unpopular core business. Now, they are taking this a step further: supermajors have super utility plans. Integrated oil companies know the importance of covering the whole supply chain in an industry, so it only made sense to grow into power generation once you've established a presence in one of the biggest growth segments in power demand: electric vehicles.