Home / 2017 / December (page 21)

Monthly Archives: December 2017

Jared Kushner’s legal team is seeking a crisis PR firm: Report

Brendan Smialowski | AFP | Getty Images Senior Advisor Jared Kushner waits for a meeting with Prime Minister of Malaysia Najib Razak, US President Donald Trump and others in the Cabinet Room of the White House September 12, 2017 in Washington, DC. Lawyers for President Donald Trump’s senior advisor Jared …

Read More »

Expect swift market rally if tax bill passes and Target, Raytheon to lead

Investors should expect another U.S. stock-market rally if the Republican tax bill passes since the market has not fully baked it in, a strategist at UBS says. Keith Parker, a strategist at UBS who has a 3,300 target on the S&P 500 for 2018, said only 35-to-45 percent of the …

Read More »

Samsung Galaxy S9 coming in February

Getty Images DJ Koh, president of mobile communications business at Samsung, holds up the Samsung Galaxy Note 8 smartphone during a launch event for the new product, August 23, 2017. Samsung will unveil its new flagship Galaxy S9 smartphone in February, according to Bloomberg. The device will follow Samsung’s popular …

Read More »

TD Ameritrade to open trading on bitcoin futures

David Paul Morris | Bloomberg | Getty Images Pedestrians pass in front of a TD Ameritrade location in San Francisco, California. TD Ameritrade is planning to offer clients access to Cboe’s bitcoin futures contract on Monday. The company is one of the top three retail brokerages, according to capital markets …

Read More »

Seth Klarman calls bitcoin a ‘trading sardine,’ others say ‘speculative mania’ — They are right

As speculative fever for digital currencies surge this year, investors may want to heed the warnings of the most successful investors of our generation. The biggest names in investing such as Druckenmiller, Dalio, Chanos, Gundlach and Klarman are all now criticizing bitcoin, saying the preeminent cryptocurrency has critical flaws. Billionaire …

Read More »

Earthquake hits Java in Indonesia, tsunami warning issued

Dessy Sagita | AFP | Getty Images Residents gather outside their apartment blocks in Jakarta on early December 16, 2017, following after a strong earthquake measuring 6.5 on the Richter scale. A strong earthquake has shaken buildings in the Indonesian capital of Jakarta and other cities on the country’s most …

Read More »

Facebook just admitted that using Facebook can be bad for you

Justin Sullivan | Getty Images Facebook CEO Mark Zuckerberg delivers the keynote address at the 2017 Facebook’s F8 Developer Conference Facebook admitted on Thursday that using its social network can be bad for you in some instances. Facebook’s director of research David Ginsberg and research scientist Moira Burke published a …

Read More »

When Uber comes to town, fewer people take ambulance rides

RJ Sangosti | The Denver Post | Getty Images Art Brubaker, left, a volunteer EMT for Crowley County Ambulance, and Justin Grafel, a volunteer driver for Crowley County Ambulance, take a resident on November 14, 2017 in Ordway, Colorado. The number of people using ambulances dropped “substantially” in hundreds of …

Read More »

The day bitcoin futures dropped was when many traders could begin betting against it

The first week of Cboe’s bitcoin futures trading was relatively stable, except for a sudden drop Wednesday afternoon. It turns out that was the same day one of the largest brokerages trading the futures, Interactive Brokers, began allowing clients to short, or bet against, the futures. “The introduction of short …

Read More »

Indicator for stocks just entered death cross, but it might not be bad

A leading indicator for stocks just entered a death cross, but the traditionally ominous signal might not be as scary as it’s cracked up to be. The high-yield corporate bond ETF, the HYG, has fallen 2 percent from its 52-week high, with its short-term 50-day moving average crossing below its …

Read More »