4 reasons why bulls will shatter stock market ceiling
Jonathan Krinsky, chief market technician at MKM Partners has identified patterns that suggest the price action in the S&P is quite positive.
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Housing by the numbers: Something is weird
Homes are selling at a faster clip this spring. But when you look at the slew of data, something still isn’t quite right in housing.
Consumer Sentiment in U.S. Plunges by Most in Over Two Years
Consumer confidence unexpectedly fell in May by the most in more than two years as Americans’ views on the economy dimmed. The outcome was lower than the lowest estimate of 68 economists surveyed by Bloomberg. “The decline was widespread among all age and income subgroups as well as across all regions of the country,” Richard Curtin, director of the Michigan Survey of Consumers, said in a statement. “To be sure,
Four forces transforming the world: 'A speed and scale we've never seen before'
“Most of us know it’s happening but we’re not reallocating resources or efforts nearly enough given the scale,” says Richard Dobbs, a director at the McKinsey Global Institute.
It's a dangerous summer for stocks: Deutsche Bank
With the stock market trading at or near all-time highs, the chief U.S. equity strategist Deutsche Bank tells CNBC he would not chase this rally.
Carl Icahn invests $100 mln in ride-sharing service Lyft
Ride-sharing company Lyft Inc said it raised $150 million, led by a $100 million investment from activist investor Carl Icahn’s Icahn Enterprises LP. One of Icahn’s managing directors, Jonathan Christodoro, …
Jobs mystery: Krugman blames Apple (kind of)
Unemployment might be low, but poor productivity proves the economy is far from full health, Nobel prize-winning economist Krugman argues.
Oil falls on glut worries as rally comes into question
Oil fell on Friday as renewed worries of a supply glut weighed on a market feared to be overpriced from a recent rally. Futures of North Sea Brent oil are up nearly 20 percent since the end of March, while U.S. crude has risen almost 30 percent, a rebound that appears to have overshot and could be about to correct. “A mood change is in the air,” Eugen Weinberg, global
Despite euro gains, dollar bulls don’t give up
Find out why Jonathan Krinsky, chief market technician at MKM Partners believes euro gains against the dollar won’t last.
Netflix in talks to enter China with Jack Ma-backed Wasu
Netflix Inc. is in talks with a Chinese media company backed by Jack Ma and other possible partners as it seeks entry into the country’s $5.9 billion online video market, according to people familiar with the matter. Netflix has held discussions with companies including Wasu Media Holding Co. about forming a partnership, according to the people, who asked not to be identified because the talks are private. Netflix plans “to