CryptoWatch: Despite crypto carnage, investors plan to add to digital assets, survey finds
Regardless of tumbling prices, digital currency enthusiasts remain upbeat on the outlook for the opaque asset class.
Regardless of tumbling prices, digital currency enthusiasts remain upbeat on the outlook for the opaque asset class.
Shares of Dropbox Inc. are on track to close at a new all-time low, as the stock continues its steady decline since the company's mid-August earnings report. The stock reached a new intraday low of $25.19 in Thursday's session and are currently trading at $25.44. That would mark a new all-time low if the losses hold through the close. The stock's Thursday decline comes as shares of peer Box Inc. are up 2.5%. Dropbox went public in March, and its stock is down 19% over the past three months.... Читать дальше...
Americans are redefining their dreams, and the reason is depressing.
Will the image of a president under siege take the wind out of the stock market’s sails?
Troubles in Indonesia, Turkey and Argentina show why investors should avoid this overhyped asset class.
The size of the country’s middle class remained stable, but financial gains were modest.
A gauge of bullish and bearish momentum in the U.S. stock market is ringing alarms for strategists at Goldman Sachs.
Board members are asking for assurances of autonomy from controlling shareholder National Amusements Inc., people familiar with the matter told the Wall Street Journal.
New York Fed President John Williams, a key Federal Reserve official, signaled in remarks made in Buffalo that he has turned a bit more dovish, according to an analyst. Chris Low of FTN Financial said Williams highlighted "the puzzle" why wage growth hasn't grown more aggressively after previously flagging concerns about overheating. Williams also use the word "Goldilocks" to describe the economy, as was often done in the 1990s, Low points out. Low said Williams may have lost his appetite for... Читать дальше...
New Jersey Democrat Cory Booker on Thursday released emails from Supreme Court nominee Brett Kavanaugh, after daring Republicans to censure him for doing so.
Retirement is portrayed as carefree days of golfing, fishing and Mai Tais on the beach. Is that based on financial reality?
It may be time to rethink your budget — and everything else.
Shares of Cloudera Inc. are up 21% in midday trading Thursday after the cloud-software company reported earnings that exceeded expectations and raised its annual outlook. The stock is on track to post its largest single-day gain in the company's history; currently, the company's biggest single-day percentage rise was a 9.4% gain in May 2017. " Early indications from its previously outlined sales reorganization and go-to-market strategy changes (focusing on data warehouse, cloud, and AI), appear positive," wrote Needham's Jack Andrews... Читать дальше...
It’s been a decade since the unthinkable happened in the financial markets, but people who were watching the housing market weren’t surprised. here are some of their memories.
Crude-oil prices edge higher early Thursday following a slide in the previous session that took the benchmark contracts to the lowest finish in about a week.
The foreign-exchange market was mixed on Thursday, with a popular gauge of the U.S. dollar retreating slightly.
U.S. stocks fell on Thursday, with major indexes shedding a slight early gain to turn solidly lower as technology stocks once again led the broader market lower.
Mother Earth may owe The Donald for its own Trump Bump in eco-friendly investing.
Shares of KLA-Tencor Corp. are down 9% in Thursday morning trading, after the company's chief financial officer gave a presentation at the Citi Global Technology Conference. He said that while the company still sees the September quarter as the "trough" for shipments, he delivered a "modestly weaker" view of his expectations for a rebound. Back when KLA-Tencor issued its outlook six weeks ago, the company "thought the December quarter would snap back pretty strongly," CFO Bren Higgins said Thursday... Читать дальше...
Shares of Apple Inc. dropped 2.2% in morning trade Thursday to pace the Dow Jones Industrial Average's decliners, as they extended their pullback from a record high amid broad weakness in the technology sector. The stock's price decline shaved about 33 points off the Dow's price, which was down 81 points. After Tuesday's record close of $228.36, the stock rallied as much as 0.6% to an all-time intraday high of $229.67 on Wednesday after Morgan Stanley raised its price target, before reversing... Читать дальше...
U.S. stock benchmarks turned decidedly lower late-morning Thursday led by a fresh slump in internet-and-technology shares, which have been under pressure since the start of the week. The Nasdaq Composite Index was down 1.1% after a sharp fall on Wednesday, with the decline in the technology-heavy index putting it on track to register its worst weekly decline since the period ended March 23, according to FactSet data. The S&P 500 index was off 0.6% at 2,870, while the Dow Jones Industrial... Читать дальше...
The Justice Department is probing whether employees committed fraud in Wells Fargo & Co.’s wholesale banking unit, following revelations that employees improperly altered customer information, people familiar with the matter said.
Police in Cincinnati said four people were dead, including an unidentified shooter, in an incident Thursday morning at the headquarters of Fifth Third Bancorp in the Ohio city. Then Cincinnati Enquirer reported that at least five people were injured. The shooter, according to local news reports, entered the building through a loading dock at the Fountain Square structure and proceeded to the lobby, with shots fired in both locations. Said Mayor John Cranley at a news conference: "There's something deeply sick at work here... Читать дальше...
Telsa Inc.'s high-yield bonds fell to their lowest level yet on Wednesday, as concerns continued to swirl around Chief Executive Elon Musk and his fitness to run the electric car maker. The latest demonstration of erratic behavior were Musk's emails to Buzzfeed News, in which he doubled down on a personal attack against one of the divers involved in the rescue of a youth soccer team from a cave in Thailand, by calling the man a "child rapist." Musk had previously called the diver, Briton Vernon Unsworth... Читать дальше...
A survey of service-oriented companies in the U.S. such as hospitals, retailers and restaurants show rapid growth in August, underscoring the broad strength in the economy. The Institute for Supply Management said its non-manufacturing index climbed to 58.5% in August.
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