Trade war sparking an ‘absurd and ridiculous’ price for safety stocks, $3b money manager warns
A popular protection strategy against the U.S.-China trade dispute may soon collapse. Mayflower Advisors’ Larry Glazer warned recently that a lot of investors are setting themselves up for pain by paying an “absurd and ridiculous premium” for small cap stocks....
Why a market veteran thinks Wall Street is letting fear overtake rational investing
Zachary Karabell is concerned there’s too much fear on Wall Street, based on one particular question from his clients. “It’s ‘why aren’t the markets going down because there is so much negative news,'” the River Twice Capital president told CNBC’s...
RBC appeals FX trader’s whistleblowing victory
A tribunal judge ruled earlier this year that Royal Bank of Canada (RBC) fired a trader for blowing the whistle on poor regulatory compliance, and poured scorn on the bank’s application of its whistleblowing policy in his judgment. Former RBC trader...
State Street stock falls most in two years after halting buyback to complete merger
State Street shares dropped 7 percent on Friday, on track for their worst day in two years, after the bank announced it will suspend a share buyback to acquire Charles River Development. The financial services giant agreed to buy Charles...
Trump worries that Fed will raise rates two more times this year, White House official says
President Donald Trump is worried the Federal Reserve will raise interest rates two more times this year, a White House official told CNBC. Aides to the president, however, are telling Trump the central bank is conducting policy properly. Their message...
Dick Bove: Trump poised to take control of the Federal Reserve
President Donald Trump has multiple reasons as to why he should take control of the Federal Reserve. He will do so both because he can and because his broader policies argue that he should do so. The president is anti-overregulating...
Traders expect that the Fed will probably ignore Trump’s rate complaints
President Donald Trump’s criticism of monetary policy won’t have much impact on how the Federal Reserve goes about its business, judging by initial market reaction. While making for more eye-popping headlines out of the Oval Office, the president’s complaints that...
Hawaii town hopes lava tourism will bring economic relief
Stunning images of Hawaii’s erupting Kilauea volcano have captivated people around the world. But ironically it’s nearly impossible for residents and visitors on the ground to see the lava — a fact that’s squeezing the tourism-dependent local economy. Big Island...
JP Morgan predicts Tesla shares will plunge more than 40% before the end of the year
Tesla shares will fall dramatically the rest of this year due to its high valuation and rising competition, according to J.P. Morgan. The firm reaffirmed its underweight rating on Tesla shares, saying other automakers may price their electric cars aggressively....
Workers are ‘ghosting’ interviews, blowing off work in a strong job market
At Carports & More, based in El Dorado Hills, California, nearly half of the 65 job candidates scheduled for interviews the past month didn’t show up. At VoiceNation, an Atlanta area call center, a similar share of the 10 hires...
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