Month: July 2018

Jack Guez | AFP | Getty Images Bitcoin is a borderless digital currency that eliminates the need for a bank. Therefore, understanding this concept hinges on conceiving financial transactions without banks. Perhaps less surprising is that predictions of bitcoin’s demise fail to account for technological factors. Bitcoin is, after all, technology, but you don’t have
0 Comments
If you’re looking for a sector that’s poised to grow, think technology. Certified financial planner Ted Jenkin, CEO of oXYGen Financial, predicts there will be strong growth in this area in the next five to 10 years. And there are three areas within this sector that could see the biggest boost. 1. Artificial intelligence. The
0 Comments
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 “Trading Nation” on Friday. Karabell said it’s the most disconcerting question he’s getting, especially since
0 Comments
For those in the market for a new house, why not take a look at the same places that you’ve seen on movie screens and in the pages of comic books? If you’ve ever wanted to live like a character from “The Avengers,” “X-Men” or the “Justice League,” there are real estate options — provided
0 Comments
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 from Treasury Secretary Steven Mnuchin and National Economic Council Director Larry Kudlow is “the Fed
0 Comments
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 rising interest rates are hampering economic progress did not move the fed funds futures market,
0 Comments
General Electric sees strength in all its businesses excluding power, chief financial officer Jamie Miller told CNBC’s Morgan Brennan after GE reported second-quarter earnings Friday. Miller says the company is very focused on the struggling power business, as order softness has continued in the sector. GE reported profits in its power division fell 58 percent
0 Comments
Daniel Kalt appears in a private client meeting room at a branch of UBS, overlooking Lake Zurich. The Swiss bank’s regional chief economist and chief investment officer turns to look at me. I recognize his chiseled features, his slight smile and short hair, turning grey at the sides. But something is not right. Mr. Kalt
0 Comments
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Weight Watchers Brian Kelly was a buyer of SPDR Gold Shares Dan Nathan was a buyer of Target Guy Adami was a buyer of IBM Trader disclosure: On July 19, 2018 the following stocks and commodities mentioned
0 Comments
Low costs are likely how JPMorgan hopes to attract assets into both BBJP and BBEU, which, as vanilla, market-cap weighted equity ETFs, look very similar to existing products. BBJP’s portfolio looks almost identical to the bigger, older EWJ, even though BBJP pulls from stocks listed on either the Tokyo and Nagoya Stock Exchanges, whereas EWJ
0 Comments
Apparel maker VF Corp. reported first-quarter revenue and profit that beat Wall Street estimates on Friday and raised its full year earnings forecast, as demand for its high-margin Vans shoes soared. The Greensboro, North Carolina-based company’s total revenue rose 23 percent to $2.79 billion in the quarter ended June 30, beating analysts’ average estimate of
0 Comments