Louise Yamada is a Wall Street legend. As one of the first female technicians, she called the Enron and Tyco debacles before they happened and knew someone was selling the financials as early as 2005. Listen to her now explain the current state to the
Asian shares stumbled in holiday-thinned trading on Monday as China's decision to cancel talks with the United States reinforced fears of a protracted trade war with neither side willing to back down. Oil prices jumped after top producers ruled out boosting crude output. U.S. stock futures were a touch weaker while MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8 percent.
Robinhood has suspended new buying of Aurora Cannabis through its platform, the brokerage said Wednesday. "This is happening because there's limited support at execution venues for the large volume of ACBFF orders we've received," Robinhood told users who own shares of Aurora. As of Wednesday morning, more than 81,000 investors held Aurora Cannabis shares through Robinhood, the brokerage's website shows, making it the 16th most-popular stock on the platform.
Today’s question is about how last year’s tax reform will affect an old tax deduction: the extra personal exemption we all get when we turn 65. For more information on this topic, check out “Beware These 10 Common and Costly Tax Mistakes” and “How Not to Blow Your Tax Refund.” You can also go to the search at the top of this page, put in the words “taxes” and find plenty of information on just about everything relating to this topic. Hello, everyone, and welcome to your “2-Minute Money Manager.” I’m your host, Stacy Johnson, and this question’s brought to you by MoneyTalksNews.com, serving up the best in personal finance news and advice since 1991.
Alexander Novak told CNBC consumers and producers want the oil market to be "stable and predictable."
Canopy Rivers, the venture-capital arm of Canopy Growth, made its debut on the Toronto Stock Exchange Thursday morning at $18.44 per share. The company, which makes minority investments in burgeoning marijuana companies, in an attempt to become the "Google Ventures of cannabis," found its way onto the exchange via a reverse takeover with a company formerly known as AIM2 Ventures.
A shock jump in Hong Kong’s currency is signaling a decade-long liquidity party is finally coming to an end. A currency peg with the U.S., open financial borders and a booming economy meant Hong Kong property was one of the greatest beneficiaries of ultra-low lending costs in the wake of the global financial crisis. Home prices rose more than 170 percent in the past decade making the city the world’s least affordable.
Stocks declined in Europe after a downbeat session in Asia as China called off planned trade talks with U.S. officials, potentially triggering an escalation in the tariff war between the world’s biggest economies. Brent crude climbed above $80 a barrel after OPEC shunned U.S. President Donald Trump’s calls to increase supply. Miners and carmakers were among the biggest decliners in the Stoxx Europe 600 Index, with futures on the S&P 500, Dow and Nasdaq pointing to a weaker open.
Wall Street's convinced that Tesla will need to raise more cash, and it has some theories about how and when that may happen. Morgan Stanley said that in addition to a capital raise in 2018, Elon Musk might also need an outside partner for more financing. Wall Street remains doubtful that Tesla will go through the rest of 2018 without raising fresh capital.
Ever since Netflix Inc.’s meteoric rise jump-started the online-TV revolution, media executives have debated how to respond. The answer, according Comcast Corp. Chief Executive Officer Brian Roberts, is do both. On Saturday, his company offered about $40 billion for Sky in a knockout bid, topping rival suitor 21st Century Fox Inc. in an auction for the European TV giant.
Trump has been calling publicly for OPEC to help lower prices by producing more. "We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices!" he tweeted on Thursday. OPEC and Russia have capped production since January 2017 to bolster prices.
Farmers across the United States will soon begin receiving government checks as part of a billion-dollar bailout to buoy growers experiencing financial strain from President Donald Trump's trade disputes with China. "It's pretty obvious that the rural agriculture communities helped elect this administration, but the way things are going I believe farmers are going to have to vote with their checkbook when it comes time," said Kevin Skunes, a corn and soybean grower from Arthur, North Dakota and president of the National Corn Growers Association. Corn farmers get the smallest slice of the aid pie.
Barrick Gold Corp. is said to be in advanced negotiations to merge its operations with Africa-focused rival Randgold Resources Ltd., protecting the Toronto-based miner’s crown as the world’s largest producer of the metal. Executives from Barrick and Randgold are in Colorado Springs for the Denver Gold Forum. Andy Lloyd, a spokesman for Barrick, and Kathy du Plessis, a spokeswoman for Randgold declined to comment.
One of the biggest perks to closed-end funds is that they offer an income stream and that can be a valuable part of your investment portfolio. Watch now for more.
The U.S. stock market is back at record levels, but investors aren’t in a celebratory mood. According to the weekly survey of sentiment conducted by the American Association of Individual Investors, market participants are feeling somewhat tepid about the market, despite a lengthy move higher that took both the S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA) to records on Thursday, a move that represented the first such milestone for the Dow since January.
Investors shouldn’t let pot stock Tilray Inc.’s (TLRY) wild trading week turn them off from the marijuana sector, rival cannabis concern Canopy Growth Corp. (CGC) CEO Bruce Linton said on CNBC Friday. The fledgling sector is much more stable than Tilray’s headlines would imply, Linton insists, after Nasdaq had to halt Tilray trading five times during Wednesday’s session. This means Tilray is not the sector proxy that Wall Street makes it out to be, Linton argued.
Tilray Inc.’s stock tumbled Friday, closing down 30%, making for a dramatic end to a turbulent week that saw the entire cannabis sector post strong gains and losses, sometimes in the same session. The latest news on the Canadian full-service pot company is the push by a Florida Republican to block it from providing the substance for use in a clinical trial in the U.S., preferring instead to use cannabis produced by American companies. Tilray (TLRY)said earlier this week that the U.S. Drug Enforcement Administration had signed off on its plan to import a marijuana product from Canada in order to test its effectiveness in treating essential tremor, a neurological disease.
DEEP DIVE On a mixed day for U.S. stocks, the Dow Jones Industrial Average hit another new closing record Friday. The Dow was up 0.3% on Friday and 2.3% for the week to close at 27,743.50 points. The S&P 500 Index (SPX) was little
Move over bitcoin and ilk: Shares of Canadian marijuana companies went through the roof this week after the U.S. Drug Enforcement Administration approved Tilray’s plan to import a medical cannabis product. The ETFMG Alternative Harvest ETF (MJ) — which holds many Canadian marijuana stocks — was up 22% for one week through Thursday.
The global economy is looking shaky and the economics chief at the Bank for International Settlements says central banks may be powerless if it all goes awry. Claudio Borio, a long-time critic of loose monetary policy, used the BIS’s latest Quarterly Review to highlight again that central bankers were overburdened after the global financial crisis.
Dell's IPO deliberations come as several hedge funds, including Elliott Management Corp and Canyon Capital Advisors LLC, as well as activist investor Carl Icahn, resist a $21.7 billion cash-and-stock offer from Dell to buy back "tracking stock" from them tied to Dell's 81 percent stake in software company VMware Inc . The acquisition of this publicly traded tracking stock would result in Dell going public without an IPO.
Bitcoin slipped by 0.5% on Saturday, partially reversing Friday’s 4.2% rally, to end the day at $6,728.1, the day’s fall leaving Bitcoin with a 3.51% gain for the current week. A bullish start to the day saw Bitcoin strike an intraday high $6,840.9, coming within range of the first major resistance level at $6,880 and more significantly, breaking out from the 23.6% FIB Retracement Level of $6,757, before hitting reverse. The reversal saw Bitcoin slide through the early morning to a morning low $6,638.8 before recovering through the afternoon to test selling pressure at the 23.6% FIB Retracement Level of $6,757, with an afternoon high $6,763.7.
In the previous article, I discussed the natural gas projections from the recent report Rivalry: The IHS Markit View of the Energy Future (2018-50). IHS Markit is a provider of global market data for a number of sectors, including energy. Although natural gas is projected to be the fastest-growing fossil fuel, the report also makes several important projections about the global oil market.
As Dell gets ready to become a public company again, the story it's presenting to investors is a very complicated one. Some of the large markets in which Dell competes are set to see healthy growth in the coming years, while others could struggle to see positive growth. Dell has been steadily gaining share in certain business, while losing share in others.
A month has gone by since the last earnings report for Autodesk (ADSK). 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 catalysts. Autodesk reported second-quarter fiscal 2019 non-GAAP earnings of 19 cents per share, which beat the Zacks Consensus Estimate by couple of cents.