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Monthly Archives: October 2017

This chart of small caps rolling over shows market rally is hinging on tax reform

The sharp downturn in small-cap stocks on Monday is raising a flag with investors that the stock market may have priced in corporate tax cuts to a greater extent than previously thought. The Russell 2000 took a big hit on Monday, falling more than 1 percent, after Bloomberg News reported …

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Rostam Batmanglij, Formerly of Vampire Weekend, Gets Lost in Brooklyn

After crossing McGuinness Boulevard into the quieter, more traditionally Polish area, he paused before a bland beige apartment building on Diamond Street. “I feel like I lived here for three weeks, after college,” he said, studying the building before deciding it was the wrong place. Photo Mr. Batmanglij Credit Adrienne …

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Alibaba shares are at a critical level. Here’s what it means

One of the best-performing tech stocks this year is testing a critical level, and it could be a make or break moment for the stock’s incredible run, according to one technician. Alibaba share prices have more than doubled this year, but Matt Maley of Miller Tabak warns the stock looks …

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Savings rate hits near-decade low amid rush into stocks and corporate bonds

Americans are saving at the lowest pace in nearly 10 years, a sign of growing confidence as money pours into risk. The savings rate in September fell to 3.1 percent, according to Commerce Department data released Monday. That’s the weakest level since December 2007, just as the U.S. economy was …

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Bitcoin nearly a third of Bill Miller market-crushing hedge fund

A hedge fund run by legendary investor Bill Miller now has about 30 percent of its assets in bitcoin, up from 5 percent last year, The Wall Street Journal reported Friday, citing an interview with Miller. The fund, MVP 1, bought its bitcoin for an average $350 each, the Journal …

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‘Poet in Spain’ Offers New Translations of Lorca’s Soulful Work

He evoked duende perhaps most fully in his “Gypsy Ballads,” published in 1928. It’s a canonical book in Spain. Here was a highly cultivated poet reworking Andalusian folk culture and myth. The high-low effect was startling. It was as if Robert Lowell had made a murderous little book that drew …

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Sprint shares drop more than 5% on report that Softbank is calling off talks with T-Mobile

Tomohiro Ohsumi | Getty Images SoftBank Group Corp. Chairman and Chief Executive Officer Masayoshi Son speaks during a press conference on May 10, 2017 in Tokyo, Japan. The merger negotiations to combine Sprint and T-Mobile are in jeopardy, according to a Nikkei report Monday. “SoftBank Group plans to break off …

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Republicans keep their distance from Manafort news, focus on agenda

Getty Images (L to R) Sen. Mike Enzi (R-WY), Senate Finance Committee chairman Sen. Orrin Hatch (R-UT), Senate Majority Leader Mitch McConnell (R-KY) and Rep. Mike Bishop (R-MI) look on during a press event to discuss the GOP plans for tax reform, September 27, 2017 in Washington, DC. As news …

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Democrats call for Mueller’s Russia probe to continue without obstruction

Getty Images Senate Minority Leader Chuck Schumer speaks with House Minority Leader Nancy Pelosi at a news conference about the Child Care for Working Families Act at the U.S. Capitol September 14, 2017 in Washington, DC. News of the charges against President Donald Trump‘s former campaign chairman Paul Manafort and …

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BMW Z8 Steve Jobs owned is being auctioned by Sotheby’s

Photo by Karissa Hosek, Courtesy of RM Sotheby’s The BMW-branded Motorola flip-phone Steve Jobs was said to despise. Jobs was not the only owner of the car. Jobs had the BMW Z8 for three years. He sold it to an owner in Los Angeles in 2003. That owner sold it …

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