This little-talked about correlation suggests bitcoin may end year ‘explosively higher’: Tom Lee
If you’re trying to figure out when bitcoin’s slump will end, you may want to look at the emerging markets. According to Fundstrat Global Advisors’ Thomas Lee, there’s an important correlation budding between emerging markets and bitcoin, the most dominant...
Elon Musk hiring Morgan Stanley probably closes the book on ‘funding secured’
Tesla CEO Elon Musk’s hiring of Morgan Stanley this week is just a small step in his ongoing quest to take Tesla private. But it has a larger, more damning implication: he probably didn’t have funding secured, even in the...
United Continental moves to Nasdaq
United Continental is moving its stock to the Nasdaq. The airline company said in a press release after the bell Friday that it is transferring its stock exchange listing from the New York Stock Exchange, with its common stock set...
AMD shares rise again as Wall Street projects big gains for the chipmaker against Intel
AMD shares are soaring after several analysts became more optimistic about the chipmaker’s market share gains over the past month. Cowen said AMD will win business with cloud computing vendors as they seek to diversify their risk exposure to chip-specific...
Powell sees ‘further, gradual’ rate hikes as the economy hums
Federal Reserve Chairman Jerome Powell said Friday he expects a slow but steady diet of interest rate increases to continue as the central bank looks to find the right recipe between promoting growth and controlling excesses. In his closely watched...
Your first trade for Friday, August 24
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Tencent Karen Finerman was a buyer of Alibaba Brian Kelly was a buyer of the United States Oil Fund Steve Grasso was...
Fed’s Mester raises GDP outlook, still thinks gradual rate increase path appropriate
Cleveland Federal Reserve President Loretta Mester raised her outlook for the economy and gross domestic product for 2018, adding that the central bank’s plan for gradual interest rate increases is appropriate. “I’ve been upping my forecast. I’m now at 2.75...
Stocks making the biggest move premarket: FL, HIBB, NFLX, INTU & more
Check out the companies making headlines before the bell: Foot Locker – Foot Locker reported adjusted quarterly earnings of 75 cents per share, 5 cents a share above estimates. Revenue also beat forecasts, however comparable-store sales rose by 0.5 percent,...
Fed’s James Bullard says he would ‘stand pat’ on rates for rest of the year
St. Louis Federal Reserve President James Bullard does not want the central bank to raise rates again this year. “If it was just me, I’d stand pat where we are and I’d try to react to data as it comes...
Netflix shares rise after SunTrust upgrades the streaming giant on its opportunity in India
SunTrust says Netflix shares will rise due to its success in international markets. The firm raised it rating for Netflix shares to buy from hold, saying its web search trend analysis is pointing to strong subscriber results for the company’s...
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