FX: Wary investors still suspicious of currency-hedged ETFs
According to Bloomberg data, assets in currency-hedged exchange-traded funds had more than halved by the beginning of 2018 from their 2015 peak of $63 billion. Yet about 81% of hedged funds have outperformed their unhedged equivalents over the last 12...
Your first trade for Friday, December 14
The “Fast Money” traders shared their first moves for the market open. Steve Grasso was a buyer of the Utilities ETF. Karen Finerman was a buyer of JPMorgan. Dan Nathan was a seller of Costco. Guy Adami was a buyer...
JP Morgan faces potential class action lawsuit after guilty pleas by a former metals trader
Traders from across the U.S. are banding together to accuse J. P. Morgan Chase of manipulating precious metals markets for years. At least six lawsuits, all making similar allegations against the nation’s largest bank, have been filed in New York...
This is the one chart the Fed must watch right now, veteran economic forecaster says
A veteran economic forecaster is worried the Federal Reserve and Wall Street are looking at inflation all wrong. According to Economic Cycle Research Institute co-founder Lakshman Achuthan, they’re largely missing a critical economic trend that shows inflation is in a...
Stocks making the biggest moves after hours: Tailored Brands, Oxford Industries and more
Check out the companies making headlines after the bell: Tailored Brands shares fell more than 25 percent after market-close as the retail company missed revenue expectations. The company owns brands such as Men’s Wearhouse and Joseph A. Bank. The company...
Democratic state senator blasts Amazon’s HQ2 as a PR scam, saying ‘New York fell for it’
New York struck a “bad deal” with Amazon to bring one of the tech giant’s East Coast headquarters to Queens, New York state Sen. Michael Gianaris told CNBC on Wednesday. Gianaris, a Democrat whose district includes Long Island City, where...
Nearly half of corporate CFOs are expecting a US recession by the end of 2019
Chief financial officers at companies are pessimistic heading into 2019, with nearly half expecting a recession by the end of that year, according to a survey released Wednesday. Duke University’s look at where 212 CFOs stand showed that 48.6 percent...
Economic growth will top 3% again next year, Trump advisor Hassett says
U.S. economic growth will defy expectations again in 2019 thanks to a business investment boom and President Donald Trump’s trade strategy, White House economic advisor Kevin Hassett said Wednesday. The chairman of the Council of Economic Advisers expressed optimism that...
Morgan Stanley downgrades eBay, cuts price target 40%: ‘We were wrong’
A faster-than-expected deterioration of eBay’s marketplace is likely to cap any future stock gains, according to Morgan Stanley, which downgraded the equity to equal weight on Wednesday. “EBay’s core marketplace business has grown gross merchandise value slower than expected in...
Stocks making the biggest moves after hours: American Eagle, Dave & Buster’s and more
Check out the companies making headlines after the bell: American Eagle shares fell more than 6 percent after the market-close Tuesday. The clothing brand missed revenue estimates revenue, reporting $1 billion while analysts expected $1.02 billion. It met earnings projections...
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