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Monthly Archives: December 2017

South Africa’s ruling ANC party elects Cyril Ramaphosa to be its next leader

Muntu Vilakazi | Foto24 | Gallo Images | Getty Images President Jacob Zuma and his deputy Cyril Ramaphosa during the African National Congress’ policy conference on July 1, 2017, in Johannesburg, South Africa. Deputy President Cyril Ramaphosa has won the leadership of South Africa’s ruling African National Congress in a …

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A far-right organization that Trump retweeted just had its Twitter accounts shut down

Charles McQuillan | Getty Images Britain First leader Paul Golding and deputy leader Jayda Fransen talk to the media outside Belfast Laganside Courts after Fransen was released on bail on December 15, 2017 in Belfast, Northern Ireland. Both Britain First leader Paul Golding and his deputy Fransen were arrested yesterday …

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Puerto Rico orders review of official Hurricane Maria death toll

Carlos Garcia Rawlins | Reuters A woman surveys the damage in her neighborhood in Canovanas, Puerto Rico, after the area was hit by Hurricane Maria on September 20, 2017. Many still have no electricity. Puerto Rico’s governor on Monday ordered a review of the deaths that occurred in the U.S. …

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Bill Miller’s hedge fund has half its money in bitcoin

A hedge fund run by legendary investor Bill Miller is now half invested in bitcoin. “It’s just about 50 percent right now,” Miller said regarding his MVP 1 fund on the WealthTrack podcast with Consuelo Mack released last week. Miller founded Miller Value Partners in 2016 after a 35-year career …

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Goldman expects another calm and rising market next year

Goldman Sachs predicts the calm markets will continue next year and found the stocks that thrive in a low volatility environment. The firm recommends a strategy based on a ratio from a Nobel Prize–winning economist. “Low volatility across asset classes has been a defining characteristic of 2017. For equities, realized …

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British police arrest man trying to force entry into US military base

David Goddard | Getty Images News | Getty Images An aerial view of the RAF airfield Mildenhall on October 25, 2017 in Mildenhall, England British police arrested a man who tried to force his way into a U.S. air force base in central England. “They just released us from lockdown,” …

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Morning Top 10, tax plan, M&A weekend

Kevin Lamarque | Reuters President Donald Trump steps from Air Force One for a visit to the Civil Rights Museum in Jackson, Mississippi, December 9, 2017. A daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY -Stock futures are solidly higher on growing …

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RBC’s Helima Croft fearful of Venezuela impact on oil markets in 2018

Wil Riera | Bloomberg | Getty Images An attendant sits at a closed Petroleos de Venezuela SA (PDVSA) gas station in Caracas, Venezuela, on Friday, Sept. 22, 2017. Oil traders expecting steep production losses from one of the world’s largest producers are likely to be underestimating the severity of the …

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Buy Costco because it’s in ‘early stages’ of online sales surge

Daniel Acker | Bloomberg | Getty Images Linda Wentzel shops for clothing at a Costco Wholesale store in East Peoria, Illinois. Costco shares tumbled over the summer on worries the Amazon and Whole Foods Market merger will hurt the retailer’s business. But one Wall Street firm says the retailer’s e-commerce …

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Economic optimism soaring, helping Trump: CNBC survey

American optimism on the economy is reaching new heights and President Donald Trump’s approval ratings look to be benefiting, at least somewhat. The CNBC All-American Economic Survey found that for the first time in at least 11 years, more than half of respondents to the survey rated the economy as …

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