1) Very few people are talking about the number of large hedge funds that are currently closing. In late September, I read that 6 or 7 hedge funds were shutting down on October 1, and we saw indiscriminate selling during the first few weeks of October. Since most hedge funds allow for redemptions on a quarterly basis, we are likely to see another large exodus at the beginning of 2019.
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.
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
Naming a trust as a beneficiary of your retirement account can help protect heirs who are minors, disabled or vulnerable to creditors. Failing to correctly structure your trust could accelerate the liquidation of your IRA, resulting in a massive taxable distribution. Remember: Trusts only need $12,500 of taxable income in 2018 ($12,750 in 2019) in order to be subject to the top tax rate of 37 percent.
Using recent actions and grades from TheStreet's Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each Friday that look bearish. While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. recently was downgraded to Sell with a D rating by TheStreet's Quant Ratings.
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.
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.
“The Coming Collapse of China” author Gordon Chang says China's government supported the business practices of Huawei Technologies.
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
The U.S. alleges that Huawei used an unofficial subsidiary called Skycom to do business in Iran for Iranian telecom companies, breaching U.S. and European sanctions against the Middle Eastern country, according to Crown attorney John Gibb-Carsley. Banks in the U.S. cleared money for Huawei, but unbeknownst to these financial firms, they were conducting business with Skycom in contravention of the sanctions, the lawyer said.
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.
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.
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.
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.
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.
Sidelined by illness, the economy or job loss, people in their 50s, 60s and even 70s often find themselves struggling to plan for retirement. Some declare they will just keep working forever, while others are taking steps to plan a retirement that may look different from the traditional one they’d envisioned decades earlier. A serious illness, not being prepared for a big stock market downturn or a sudden job loss can quickly jettison dreams of a sunny retirement.
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
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.
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
This time around, it was a document dump released by the U.K. Parliament detailing how Facebook bartered with partners for user data, and other practices such as tracking call logs of Android users. The emails, which came courtesy of a lawsuit filed against Facebook by app developer Six4Three, are just more color for Facebook's image as a reckless steward of the vast amounts of personal data it harvests from its users. Blind, an anonymous message board for tech workers, reported in a survey of Facebook employees that 37% felt "depressed." Reports quoting current and former employees point to a schism between loyalists to Facebook's leadership and those calling for more changes.
More losses may be ahead for U.S. stocks in the short term, according to an indicator with a fittingly ominous name: the death cross. A chart pattern tracked by technical analysts and other market mavens, a death cross forms when an index's near-term moving average of daily closing prices falls below its long-term moving average as both averages are declining. On Friday, the S&P 500 Index, the U.S. benchmark for large stocks, joined the main gauge of small companies' share performance, the Russell 2000, in forming a death cross.
How Americans feel about the Trump administration’s tax overhaul continue to be mixed. In a recent Gallup Poll, nearly half (46%) of Americans approve of the changes that rolled out with the 2017 Tax Cuts and Jobs Act, which isn’t surprising considering only 64% said they haven’t seen an increase in their take-home pay. “I’m not sure everyone took the initiative to do that so your paycheck would’ve stayed the same,” Geltrude told Yahoo Finance.
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.
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.