The EURUSD pair is trading in range bound fashion near overnight lows having faced rejection near the 1.1400 post which the pair took a sharp downside move settling well below mid 1.13 handle. The US Dollar reversed a major part of its early losses following the release of hotter than expected core PPI figures and turned out to be one of the key factors behind the pair’s overnight decline. The shared currency was further weighed down by Italian finance minister Giovanni Tria’s comments that the government won’t make major changes to the budget, which revived concerns over Italy’s budget deadlock with the European Commission.
Now investors are wondering what they should do -- is this a great buying opportunity, or is this the end of Netflix's run? First, we need to look at what's hurting Netflix here. It doesn't help that the company will bring in less than $16 billion in revenue this year, but plans to spend around $8 billion on content costs.
Berkshire Bank’s parent company said Tuesday that it would buy a $1.6 billion bank with branches in Rhode Island and Connecticut, an announcement that comes two weeks after long-time CEO Michael Daly stepped down abruptly. Boston-based Berkshire Hills Bancorp (NYSE: BHLB) is acquiring Willimantic, Connecticut-based SI Financial Group Inc. (Nasdaq: SIFI) and its subsidiary, Savings Institute Bank and Trust Co., in an all-stock deal valued at $180 million. The acquisition should put Berkshire further ahead of Eastern Bank and Rockland Trust (Nasdaq: INDB) as the largest independent Massachusetts-based bank, based on total assets.
Chip stocks have been among the market’s biggest winners over the past several years. Huge demand tailwinds from the data center, cloud computing, connected device and artificial intelligence (AI) markets have converged on a limited-supply base, creating a “high demand, low supply” dynamic in the chip market wherein chip prices are soaring. Such improvements have driven huge gains in chip stocks. Chip supply won’t remain subdued forever — it is already ramping to meet demand, and there are some reports out there that chip prices may have already peaked.
Art Cashin, UBS director of floor operations, speaks with CNBC's "Squawk Alley" on the slipping stock market.
The Fed had losses of $66.5 billion on its securities holdings on Sept. 30, if it marked them to market, according to its latest quarterly financial report. The Fed, of course, is not a normal bank and does not mark its holdings to market. As a result, officials play down the significance of the theoretical losses and say they won’t affect the ability of what they call “a unique non-profit entity’’ to carry out monetary policy or remit profits to the Treasury Department.
As it frantically tried to boost production of the Model 3, Tesla was burning cash at a rapid pace -- as much as $8,000 a minute as it entered the year, according to Bloomberg calculations. Musk acknowledged how dire the problem was in an interview last month, saying the company’s earlier cash bleed had left it just a couple of months away from collapse.
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.
First, we had the collapse of Apple via order cutbacks of virtually all of its suppliers, and there is no denying that sales are weaker, perhaps because of issues with China, perhaps because the company hit a price retaining wall, perhaps because of worldwide slowing. Both of these chip companies are remarkable, Nvidia because of its incredible technological edge and AMD because of its grit and its comeback with faster, better and cheaper products for personal computers and the data center. The same Nvidia and AMD cards that are used for gaming are also used for crypto-mining.
Boeing unveiled a new luxury VIP business jet model for its massive new 777X widebody jet. Boeing said it plans to launch a 777X VIP luxury business jet that can fly more than half way around the world nonstop – farther than any business jet ever built. "Our most exclusive customers want to travel with the best space and comfort and fly directly to their destination," said Greg Laxton, head of Boeing Business Jets.
Here’s where they are today.The Family The Mastermind: Bernard Madoff The 80-year-old disgraced financier, whose epic scam started as early as the 1970s, is serving a 150-year sentence at a medium-security federal prison in Butner, North Carolina. He pleaded guilty to fraud in 2009. By now, Irving Picard, the trustee overseeing the firm’s liquidation in bankruptcy court, has recovered about 70 percent of approved claims, or $13.3 billion, with settlements such as a $162 million deal with the owners of the New York Mets back in 2012 and, just this year, a $280 million accord with the hedge fund operator and philanthropist J. Ezra Merkin. In the end, Madoff expressed regret -- for pleading guilty so quickly.
If you're like most American workers, you plan to rely on Social Security benefits for at least some of your income in retirement. Getting the most from your benefits requires that you choose the best claiming strategy for you, a choice that can confuse many retirees. Many American workers plan to rely on Social Security benefits as a steady source of income in retirement.
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
Germany has become a popular destination for American retirees due to its reasonable costs, excellent healthcare system and well-kept infrastructure. As any financial advisor will tell you, one of the most important factors to consider when building a retirement plan is your cost of living. Like any other country, how much money you’ll need to live in Germany will depend on the city you choose.
President Donald Trump says he would consider intervening in the Justice Department's case against a top Chinese executive if it would be in the interest of U.S. national security and help forge a trade deal with China. Trump told Reuters in an interview Tuesday at the White House that if he thinks it would be good for what will "certainly be the largest trade deal ever made" he would intervene if necessary. A Canadian court granted bail on Tuesday to the top executive of Chinese telecommunications giant Huawei.
If you’re looking for a tax-friendly retirement, Nevada is one of the places to be. Withdrawals from retirement accounts and public and private pension income are also not taxed. To find the best places to retire in Nevada, we looked at a few important factors.
The top 20 stock buyback programs in corporate America have spent $1.4 trillion buying back their own shares since the Great Recession ended. Most of the stocks being repurchased by company management have not outperformed the S&P 500. The bull market that began after the Great Recession has been propelled (in large part) by one factor: a stock buyback program.
U.S. stock futures rose on Wednesday, Dec. 12, and global stocks traded higher as investors cheered progress in U.S.-China trade talks but kept a watchful eye on developments in the United Kingdom, where Prime Minister Theresa May faced a leadership challenge that could deepen the country's political crisis. Contracts tied to the Dow Jones Industrial Average rose 146 points, futures for the S&P 500 gained 17.50 points, and Nasdaq futures jumped 60.75 points. Donald Trump told Reuters he was pleased with the early progress in trade talks with Beijing, and said he would be prepared to meet with Chinese President Xi Jinping if it would bring the sides closer to a comprehensive agreement.
The latest big Silicon Valley tech employers to reveal how much they pay a typical worker are TurboTax maker Intuit Inc. and Guidewire Software, which makes back-end software for insurance companies. Like most of the region's biggest technology employers
General Electric shares closed below the $7 level for the first time since March of 2009 and remained under pressure on Monday. Wall Street analysts continue to debate the company’s capital position and debt pile. CEO Larry Culp, on the job just about six weeks, is attempting his own damage control, telling CNBC last month that there is an “urgency” to sell more assets.
The power of news headlines is back, and a renewed dose of trade optimism is finally lifting Asian stocks from a six-week low. To be exact, the regional benchmark is heading for its biggest jump since Dec. 3, when the market reacted to Presidents Donald Trump and Xi Jinping’s famous dinner in Buenos Aires. And on Wednesday, it’s again trade news that are providing the boost: The MSCI Asia Pacific Index rose as much as 1.6 percent, and U.S. stock-index futures moved higher after a choppy morning.
The U.S. housing market has weathered all the recessions since 1980, with the exception of the Great Recession of 2008, Jefferies pointed out in a recent note. The FHFA U.S. house price index rose by an average of 7.4 percent in the year prior to a recession and prices rose an average of 2.7 percent from the start of a recession to the end, the note stated. "Other than during the GFC (Great Financial Crisis), home prices have kept rising even during recessions, probably because rates fall, the vast majority of people retained jobs and household formation continues," said Thomas J. Thornton, Jefferies' head of U.S. equity product management, in the note to clients Saturday.
Venezuela is facing the possible unraveling of a pair of billion-dollar settlements aimed at protecting the cash-strapped country's U.S.-based Citgo Petroleum Corp from seizure by creditors. A lawyer for Canadian mining company Crystallex International Corp said on Tuesday Venezuela had breached the $1.4 billion November agreement that resolved a long-running fight over an expropriated gold mine. Separately, Venezuela's $1.3 billion settlement in October with Rusoro Mining of Vancouver, also over expropriated mining assets, has been upended by U.S. sanctions on Caracas, a source told Reuters.
Ex-U.S. developed markets exchange traded funds are tumbling this year, but plenty of investors remain devoted to the asset class. The iShares Core MSCI EAFE ETF (NYSE: IEFA), one of the largest and least expensive developed markets ETFs, is down almost