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Monthly Archives: December 2018

‘We are tired of people asking us about target prices’  

The best-known bitcoin bull on Wall Street is getting tired of forecasting short-term prices. For the last time this year, co-founder of Fundstrat Global Advisor Tom Lee updated his estimate for what a fair price for bitcoin should be: Between $13,800 and $14,800. The model still puts bitcoin about $10,000 …

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Senate votes to stop US support for Yemen war

Al Drago | Bloomberg | Getty Images Senator Bernie Sanders, an Independent from Vermont, speaks to members of the media following a briefing on the murder of U.S-based columnist Jamal Khashoggi with U.S. Secretary of State Mike Pompeo on Capitol Hill in Washington, D.C., U.S., on Wednesday, Nov. 28, 2018.  …

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Goldman says U.S.-China not likely to reach trade deal by March and more tariffs are coming

Jim Watson | AFP | Getty Images President Donald Trump (L) and Chinese President Xi Jinping walk together at the Mar-a-Lago estate in West Palm Beach, Florida, April 7, 2017. Goldman Sachs economists said it’s more likely than not that U.S.-China trade negotiators will not reach a deal in time …

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Trump says ‘GM is not going to be treated well’

Andrew Harrer | Bloomberg | Getty Images President Donald Trump, left, listens during a Strategic and Policy Forum meeting with business leaders and White House advisors in the State Dining Room of the White House in Washington, D.C., U.S., on Friday, Feb. 3, 2017. President Donald Trump criticized job cuts …

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Online brokerage stocks could be signaling trouble ahead for broader market, economy

A sell-off in online brokerage stocks such as Charles Schwab and TD Ameritrade could be signaling trouble is ahead for the market and the economy. At the very least, they are indicating the Federal Reserve could be set to pause its interest rate increases, given the industry’s sensitivity to the …

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SeaWorld says DOJ probe into ‘Blackfish’ statements is over

Gerardo Mora | Getty Images Killer whale ‘Tilikum’ (back) appears during a performance in its show ‘Believe’ at Sea World on March 30, 2011 in Orlando, Florida. SeaWorld Entertainment says it has been notified that the U.S. Department of Justice is ending its probe into whether company officials misled investors …

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Tim Cook didn’t run a contest like Amazon for Apple’s new campuses

Justin Sullivan | Getty Images Tim Cook, chief executive officer of Apple, speaks during an event at the Steve Jobs Theater at Apple Park on September 12, 2018 in Cupertino, California.  Apple CEO Tim Cook kept his promise in placing Apple’s newest campuses — spanning several states and including a …

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Euro slips as ECB’s Draghi lowers growth forecast for Europe

Jasper Juinen | Bloomberg | Getty Images Mario Draghi, president of the European Central Bank (ECB), arrives for the ECB rate decision news conference in Frankfurt, Germany, on Thursday, Sept. 13, 2018.  The euro currency has slipped in value after the European Central Bank (ECB) trimmed its growth forecasts for …

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Researchers turning bumblebees into live drones, calling it Living IoT

Photo: Mark Stone | University of Washington.  The UW team designed a sensor “backpack” that weighs 102 mg, about the weight of seven grains of rice.  “We decided to use bumblebees because they’re large enough to carry a tiny battery that can power our system,” said Iyer, a doctoral student …

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Economic optimism plunges, yet consumers still plan to spend big over holidays: CNBC survey

Apart from politics, Americans plan to spend with some abandon this holiday season and use a bit more debt to achieve their holiday goals. Average holiday spending plans rose above $1,100 — the first time the holiday survey has seen an average number above $1,000. The prior record was last …

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