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Monthly Archives: January 2018

Debt ceiling is the next big Congress fight after shutdown debate

The debt ceiling has remained a nettlesome problem between Democrats and Republicans for years. Failing to raise the borrowing limit ultimately could cause the U.S. to default on debt payments, a move that would cascade through the economy as government bond yields would surge and cause the cost of borrowing …

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Iran to dominate many Tillerson conversations in Europe next week

Yuri Gripas | Reuters Secretary of State Rex Tillerson answers a question at the State Department in Washington, January 18, 2018. Iran will dominate many of U.S. Secretary of State Rex Tillerson’s conversations in Europe next week, when he is visiting London, Paris, Warsaw and Davos, Switzerland, a senior U.S. …

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Netflix could see a huge move on earnings next week

Netflix has been on a tear this year, and traders are expecting a big move when the company reports quarterly earnings Monday after the market close. The options market is implying about a 7.5 percent move in either direction for the streaming giant, which is more than the average 5.5 …

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North Korea cancels visit to prepare for Olympics in South: Ministry

Handout: South Korean Ministry of Unification Officials from South Korea and North Korea meet to discuss the North’s participation in the 2018 Winter Olympics. The North did not give a reason for the cancellation, the Unification Ministry said. It said a seven-member team had been scheduled to visit on Saturday …

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Trump throwing inauguration anniversary bash at Mar-a-Lago

Mandel Ngan | AFP | Getty Images President Donald Trump and First Lady Melania Trump arrive for the 60th Annual Red Cross Gala at his Mar-a-Lago estate in Palm Beach on February 4, 2017. President Donald Trump is throwing a party at his Mar-a-Lago resort to commemorate the first year …

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Nike shares jump; analyst predicts rally on new sneaker sales

Dhiraj Singh | Bloomberg | Getty Images A pedestrian walks past an advertisement for Nike in Mumbai, India. Nike shares will surge as its North American sales begin to grow again later this year after new products are introduced, according to one Wall Street firm. Wedbush Securities raised its rating …

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Iran deal won’t survive beyond May 2018, sanctions expert says

Fatemah Bahrami | Anadolu Agency | Getty Images A general view of streets in Tehran, Iran on the first anniversary of nuclear deal between Iran and world powers on January 16, 2017. The Iran nuclear deal is on life support and on a trajectory for collapse, many policy experts believe, …

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Online gamer Nvidia, after 113% gain, could surge another 23%, BofA analyst says

Rick Wilking | Reuters Jensen Huang, CEO of Nvidia, shows the Drive Pegasus robotaxi AI computer at his keynote address at CES in Las Vegas, January 7, 2018. Nvidia shares will surge again this year due to a strong upgrade cycle in its gaming graphics chip business, according to one …

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All eyes on divided Senate, Trump

Zach Gibson | Bloomberg | Getty Images Demonstrators hold illuminated signs during a rally supporting the Deferred Action for Childhood Arrivals program (DACA), or the Dream Act, outside the U.S. Capitol building in Washington, D.C., on Thursday, Jan. 18, 2018. Saturday is the first anniversary of Trump’s inauguration. He was …

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Hot tech stock Nvidia has even more room to run: Technical analyst

Nvidia has already surged more than 15 percent in the new year, and one trader is betting that the chipmaker has even more room to run. While chip stocks have been on a tear, TradingAnalysis.com founder Todd Gordon has his eye on Nvidia in particular thanks to what he believes …

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