Markets need more clarity, and progress, on US trade and foreign policy issues
The G-7 summit meeting next month is an opportunity for President Donald Trump to clarify his views on trade and multilateral economic and political foundations of the world order. It would be a great pity if the occasion were missed...
Chinese bank chief found dead inside his office
The chairman of a Chinese bank was found dead in his office on Saturday with slits on both his wrists, South China Morning Post reported, citing one state media outlet. The deceased man, Yin Jinbao, was chairman of Tianjin Rural...
The Fed is relying on skewed data that makes a ‘B-‘ economy look like an A+, a market watcher warns
A veteran market researcher is out with a warning — saying the Federal Reserve is relying too heavily on economic surveys skewed by social media to mold their policies. According to Bianco Research President James Bianco, most economists mistakenly believe...
Bitcoin still a buy despite recent losses says blockchain venture capitalist
Bitcoin is still a buy despite its continued losses, blockchain venture capitalist Spencer Bogart told CNBC. The digital currency’s increased number of use cases is proof that the popular form of money is being institutionalized. “Every major bank is trying...
CalSTRS bets on GE comeback, says CEO Flannery off to a good start
The nation’s second-largest pension fund is standing behind General Electric. The industrial conglomerate is down about 47 percent from 12 months ago. It also cut its dividend in half in November. “It’s got a great mix of a whole bunch...
Tesla is near the top of list of stocks that Wall Street is most confused about
Analysts on Wall Street are really divided on the trajectory of electric car maker Tesla and it shows in their stock price forecasts. In fact, there appear to be only two other companies that analysts are more confused about: Dish...
No recession until late 2020, so keep buying stocks, Credit Suisse says
A U.S. recession probably won’t happen for another two years, and in the meantime stocks are a good bet, according to closely followed Credit Suisse analyst Andrew Garthwaite. “We conclude that a US recession is unlikely until Q3 2020,” Garthwaite...
Cryptocurrency stunt to climb Mount Everest reportedly turns deadly
A publicity stunt encouraging “crypto enthusiasts” to climb Mount Everest and bury a hard drive holding $50,000 worth of cryptocurrency reportedly indirectly led to a man’s death, the Financial Times said Friday. Ukrainian social network ASKfm, which is planning to...
Roku shares jump after short-seller reverses call, says he doesn’t want to bet against cord-cutting
Shares of Roku spiked Friday after short-seller Citron Research said it is reversing its negative view on the maker of streaming players, given a major shift away from the traditional cable television subscription model. “The move to cutting the cord...
Consumers expect smaller gains in income than a year ago, May sentiment survey finds
U.S. consumer sentiment came in weaker than expected on Friday in the final reading of May. The University of Michigan’s survey of consumer attitudes reached 98 in the latest reading. Economists surveyed by Reuters expected it to hit 98.8, the...
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Trading education
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