Ray Dalio, the founder of Bridgewater, the world's largest hedge fund, just published a note on the state of the US economy. There's no other word for Ray Dalio's latest note on the US economy, and the situation it describes. The founder of Bridgewater, the world's largest hedge fund with about $160 billion in management, posted the note on LinkedIn on Monday, and sets about splitting the US economy in two: the top 40% and the bottom 60%.
Celgene Corporation CELG is scheduled to report third-quarter 2017 results on Oct 26, before the opening bell. Celgene’s stock has moved up 6.1% year to date compared with the industry’s gain of 11.8%. Celgene has an excellent track record with the company beating earnings estimates in the last four trailing quarters.
Get ready for a 'tale of two markets,' says oil expect Tom Kloza 5:57 PM ET Thu, 19 Oct 2017 | 01:31 The United States has started doing something unprecedented when it comes to oil, and the impact is expected to grow into next year. Tom Kloza of the Oil Price Information Service is alluding to the U.S. ramping up exports. It follows the 40-year ban that was lifted two years ago. "The highlight you need to watch for the next few months is going to be more record breaking exports of crude oil. Our view is that it's going to soften the price for Brent," the firm's global head of energy analysis said recently on CNBC's "Futures Now." According to Kloza, it's possible the U.S. will export 15 million
The outlook suggests Halliburton's current-quarter might not be as strong as its latest quarter, echoing warnings on Friday from its two bigger rivals, Schlumberger NV and Baker Hughes . Halliburton's shares fell about 1.5 percent. Schlumberger was down 1.5 percent, while Baker Hughes fell 4 percent.
Who hasn’t thought about becoming a flight attendant, at least once? Delta Air Lines (DAL) might give you that chance. On Monday, the Atlanta-based airline announced that they will hire 1,000 flight attendants for 2018.
Oct.23 -- In this segment of "Futures in Focus," Zaner's Ted Seifried discusses the outlook for oil and gold prices with Bloomberg's Mark Barton on "Bloomberg Markets" on Sept. 28.
Saving for retirement is a function that is often put on hold by those who feel they have sufficient time to start planning and saving later. While it is never too soon to start saving for retirement for any age group, those who fall within the age range of 55-64 are more acutely aware of its importance, as retirement is imminent. As such, age 55 to 64 is a critical period to get a realistic assessment of how financially prepared you are for retirement. 1. Assess Whether You're Financially Ready for Retirement Assessing your financial readiness will help you to determine whether you have a projected shortfall and whether you need to modify your retirement strategies, goals and objectives. To
Per the latest Earnings Trends (as of Oct 20), total earnings for these companies are up 9.4% from the prior-year quarter on 7.3% higher revenues, with 71.3% positive earnings surprises and 70.1% beating revenue estimates.Revenues for this cohort were up 4.4% sequentially. Texas Instruments TXN or TI is likely to beat third-quarter 2017 expectations as it has a favorable combination of a Zacks Rank #2 (Buy) and an Earnings ESP of 0.07%.
Scott Keyes of Scott's Cheap Flights has amassed millions of points opening credit cards. Scott Keyes: One of the weird things about frequent flyer miles nowadays is that the vast majority of miles are not earned through actually flying. Most miles are given out through credit cards.
TOKYO (AP) — Global stocks mostly rose on Monday after a parliamentary election victory by Japan's Prime Minister Shinzo Abe's party, which had promised stability and growth, and on hopes for U.S. tax reform.KEEPING SCORE: France's CAC 40 was up 0.3 percent
President Donald Trump’s threat to tear up the North American Free Trade Agreement is falling on deaf ears in Canadian markets. Magna International Inc. and other Canadian companies that rely on trade with the U.S. and Mexico are rising even as Trump attacks the “worst trade deal ever made” and negotiators exchange barbs over “troublesome” U.S. demands to overhaul the pact. Canadian stocks are on the cusp of a record high, while the loonie has gained 6.4 percent this year versus the U.S. dollar. Investors are looking past the bluster of the stalled trade talks, betting that either a deal will get done, or that a collapse won’t have the dramatic impact that some economists are predicting. “Sensible
U.S. stocks fell from record levels on Monday as a decline in General Electric shares weighed on investor sentiment. Wall Street was also gearing up for the busiest week of the earnings season. The Dow Jones industrial average closed 54.67 points lower at 23,273.96, as General Electric shares fell 6.3 percent, marking their biggest one-day decline since August 2011. The company reported earnings on Friday which fell short of analysts' expectations as profits were undermined by restructuring and weak performance at its oil and gas businesses. Analysts also panicked on Monday over the possibility GE may have to cut its dividend. Morgan Stanley analyst Nigel Coe lowered his rating on GE to underweight
Shares of Nvidia Corp. NVDA, +0.89% ticked higher Monday after one analyst hiked his target price of the already high-flying stock by nearly 28%. Nvidia shares rose 0.8% to $198.45 in recent trading, and are up 86% for the year, compared with the S&P 500 index's SPX, -0.09% 15% rise. On Monday, Jefferies analyst Mark Lipacis, who has a buy rating on the stock, hiked his price target on Nvidia to $230 from $180 on the belief that the company's Volta graphics processing unit will outperform competitors in the field of neural networks applications, and translate into upside surprises over the next 18 to 24 months. Earlier in the year, Lipacis said Intel Corp. INTC, +1.01% stands to lose ground to
Prince Alwaleed Bin Talal, Kingdom Holding Company chairman speaks with CNBC's Andrew Ross Sorkin about global investing, Saudi Arabia's turnaround plan for the economy, implementing social change and Saudi Aramco's IPO.
Casino tycoon Steve Wynn may have played a central role in a U.S.-Chinese diplomatic episode strange enough that the Wall Street Journal wrote it was "worthy of a spy thriller." The billionaire CEO of Wynn Resorts, who maintains substantial holdings in the Chinese region of Macau, hand-delivered a letter to President Donald Trump written by the Chinese government, the Journal reported. The letter urged the president to return Guo Wengui, a Chinese businessman who fled the country in 2014 and is now seeking asylum in the United States. Wynn is the Republican National Committee finance chairman. The White House and Wynn did not respond to requests for comment from CNBC. Wynn resorts told the Journal
Value style is considered one of the best practices when it comes to picking stocks. This metric evaluates the market price of a stock relative to the amount of cash flow that the company is generating on a per-share basis – the lower the number, the better. Positive cash flow indicates an increase in a company’s liquid assets.
A trial is set to begin in a lawsuit against Philip Morris in connection with the lung cancer death of a Connecticut woman who smoked the company's Marlboro cigarettes. The trial over Vernon resident Jeanette Bifolck's death in 2000 is scheduled to begin Monday in federal court in Bridgeport. Bifolck's husband, Vincent Bifolck, filed a wrongful death lawsuit in 2006 against Philip Morris, a subsidiary of Richmond, Virginia-based Altria Group Inc.
The economy is growing at a healthy clip, which has helped propel the stock market to record highs. “Although economic data are extremely strong now, an ISM reading above 60 typically marks the peak of growth and presages economic and equity deceleration,” he said. An ISM above 60 is very strong, but is it signaling peak growth?
U.S. telecom behemoth AT&T Inc T and U.S. national wireless carrier Sprint Corp S — two of the four major wireless carriers — are expected to release earnings results on Oct 24. While AT&T will report third-quarter 2017 results, after market close, Sprint is expected to release its second-quarter 2017 results. The company’s top line beat the Zacks Consensus Estimate, while the bottom line met the same.
Amazon.com Inc. confirmed Monday that it collected 238 proposals by last week’s deadline from cities vying to be home base for the e-commerce giant’s second headquarters, a figure well ahead of analyst speculation that the number of pursuers could be in the several dozens. Those bids spanned 54 states, provinces, districts and territories across North America, including hurricane-ravaged Puerto Rico, according to the company’s blog. Amazon AMZN, -1.14% repeated in the post its plans to invest over $5 billion in construction for what it calls “HQ2,” where it will offer as many as 50,000 mostly high-paying jobs. Analysts have tried to handicap major urban areas’s chances against smaller rivals
Technology has been the best-performing sector this year thanks to the emergence of cutting-edge technology such as cloud computing, big data, Internet of Things, wearables, VR headsets, drones, virtual reality devices, and artificial intelligence as
In its determination to do whatever it takes to "save coal," the Trump administration has never let public health or the climate stand in the way. Now it wants to go one better. Its latest sacrifice to the cause is simple economic efficiency. To stop the recent spate of coal-fired electricity plant closures, Energy Secretary Rick Perry wants power markets to reward them for their "resilience" in the event of big storms or other natural disasters -- in effect, paying them enough to keep all coal plants open for the foreseeable future. Taken at face value, the idea is perplexing. The market already pays for this added reliability -- for example, through higher prices when supply tightens during
President Donald Trump’s search for a new Federal Reserve chief is turning into a drawn-out affair. See: Is the Fed chair race more wide open than portrayed? Here’s what Mnuchin says For bond traders, it comes down to whether Trump will nominate someone who will drive the central bank road a more hawkish road or keep it on the dovish path maintained under Federal Reserve Chairwoman Janet Yellen, whose term ends in February. Treasury yields have ebbed and flowed as the hunt has thrown up a number of candidates including former Fed. Gov. Kevin Warsh, Fed. Gov. Jerome Powell, and Stanford economist John Taylor. And then there’s the possibility Trump could opt to reappoint Yellen. Read: Trump’s pick
The company delivered positive earnings surprise in three of the last four quarters and missed expectations in one. The average positive earnings surprise in the last four quarters is 7.99%. In the last reported quarter, Bristol-Myers came up with a positive surprise of 1.37%.
There may soon be three more letters in your employer’s alphabet soup of benefit plans. Those letters are HSA, which stands for health savings account, and they can bring tax advantages at a time when you could use them the most. Financial planners get all googly-eyed when talking about these accounts, though not because they’re a way to save pre-tax money to pay current medical costs. Instead, they rave about them as a way to save money to use for future medical costs—after you’ve retired. The key to that appeal comes from three magic words: Triple tax-free. The number of HSA accounts grew 16 percent year over year as of June 30, surpassing 21 million, according to a survey by consulting firm Devenir.