Month: November 2017

Regional bank stocks hit all-time highs on Wednesday, but analyst Jack Micenko told CNBC on Wednesday he has concerns about the sector. “One, loan growth has been very anemic. Loan growth has actually decelerated since the election. And second, as the Fed continues to raise rates, the impact from rising deposit costs has risen exponentially
0 Comments
Call it the holiday comeback. Retail stocks, and mainly those of department store operators, were climbing at a rapid clip Wednesday morning, on the heels of upbeat reports regarding a strong start to the holiday season. Among them, preliminary results from the National Retail Federation indicated more people shopped both at stores and online over
0 Comments
Republican leaders will pass a tax bill, but it’ll be a “watered down” version from what was originally envisioned, closely followed strategist Jim Paulsen told CNBC on Wednesday. The full Senate could vote on a tax reform bill as early as Thursday, but some lawmakers and conservative groups remain in disagreement about certain parts of
0 Comments
Jason Alden | Bloomberg | Getty Images A clinical technician holds a syringe and a vial of Allergan Botox, produced by Allergan. Shares of Allergan jumped more than 2 percent in the premarket Wednesday after analysts at Morgan Stanley downplayed concern over competitive pressure for its key product, Botox. “Fears about a ‘better Botox’ may
0 Comments
Cryptocurrency proponents argue that the digital coins are a safe investment because they have a “zero correlation” to the stock market. As a result, a dose of cryptocurrency makes investors’ portfolios less volatile. “We’re starting to see bitcoin as a disaster hedge to the traditional market,” said Chris Burniske, co-author of Cryptoassets: The Innovative Investor’s
0 Comments
David Paul Morris | Bloomberg | Getty Images An Uber signage is displayed outside the company’s headquarters building in San Francisco, California, on June 21, 2017. Uber’s quarterly adjusted losses widened to $743 million, up 14 percent from the previous quarter, the Financial Times reported on Tuesday. The ride-hailing company’s third-quarter net revenue stood at
0 Comments
Those who believe Xi’s administration was involved in Harare’s regime change say it’s no coincidence that Zimbabwean army chief Constantino Chiwenga visited Beijing just days before the military takeover. China’s foreign ministry said the visit was a “normal interaction” and arranged a long time prior. “China may have subtly backed the military and Mwangagwa, preferring
0 Comments
Check out the companies making headlines after the bell Tuesday: Shares of Autodesk tumbled nearly 10 percent in extended trading, after CEO Andrew Anagnost announced a plan for restructuring, “divesting from some areas and increasing our investment in others.” The software company, best known for AutoCAD, had just reported third quarter earnings and revenue that
0 Comments
Savers need to be strategic when using health savings accounts for retirement, according to Titus. Individuals who retire before age 65 when they are eligible for Medicare will have health care premiums to pay. That can be done through their health savings accounts, in addition to covering other health care expenses, Titus said. “You’re doing
0 Comments