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Monthly Archives: September 2019

Boeing could rally back to record highs, trader says

Don’t write off Boeing just yet. That’s according to Tradinganalysis.com founder Todd Gordon, who says the airplane manufacturer could bounce back toward its record highs after a 20% fall since March. “The first thing … is the relative performance of Boeing to the XLI, which is the industrial ETF. … …

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Brexit chaos splits currency strategists as sterling rallies

Sterling rallied on Wednesday morning after U.K. lawmakers voted to seize control of the parliamentary agenda from the government, moving closer to blocking a no-deal Brexit. At around 12:00 p.m. London time, the pound rallied nearly 1 percent to trade slightly above the $1.22 level, after having fallen as low …

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Chinese face-swapping app Zao takes dangers of ‘deepfake’ to the masses

People on their smartphones in Shanghai, China. Qilai Shen | Bloomberg | Getty Images A face-swapping app that surged to the top of ‘s domestic download rankings has raised concerns about how fabricated but realistic-looking videos may be breaking into the mainstream. The “Zao” app, which is the phonetic sound …

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Wall Street strategists are finding it tougher to forecast S&P 500

Traders work on the floor of the New York Stock Exchange. Getty Images Leading stock forecasters differ greatly on where the S&P 500 will end up by year’s end compared to this same time last year, based on CNBC analysis. The wide range of forecasts reflects the current tumultuous stock …

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You Know Emily Doe’s Story. Now Learn Her Name.

For four years, the woman whose Stanford University sexual assault case caused a public outcry, has been known only as “Emily Doe.” In her new memoir, “Know My Name,” which charts her life since then, she reveals her real name: Chanel Miller. In 2016, Ms. Miller’s case made headlines after …

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How much a $1,000 investment in eBay 10 years ago would be worth

Online shopping and auction website eBay turns 24 this week, and for early investors in the company, they also have reason to celebrate the company’s anniversary. If you invested in eBay 10 years ago that decision would have paid off: According to CNBC calculations, a $1,000 investment in 2009 would …

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A Thousand-Page Novel — Made Up of Mostly One Sentence — Captures How We Think Now

Ellmann is the author of six previous novels and the creator of some of contemporary fiction’s most committed curmudgeons. Any one of them could issue the statement drafted by her character Eloise in “Man or Mango?”: “I wish it to be known that I am not pursuing any friendships at …

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SoftBank more than $600 million underwater on Uber

SoftBank Group founder, chairman and CEO Masayoshi Son announces his group’s earnings results on May 9, 2019, in Tokyo. Alessandro Di Ciommo | NurPhoto | Getty Images Uber’s plunging stock price has left its biggest stakeholder in the red. SoftBank, which poured about $7.6 billion into Uber in early 2018 …

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Cisco could be on a fast track to December lows, analyst warns

Cisco’s shares are crumbling. Shares of the technology giant fell nearly 16% in August, sharply reversing their broader 2019 uptrend and falling to just under the $47 level by the end of trading on Friday. The action marks Cisco’s worst monthly performance since 2012 and makes the stock the worst …

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Here’s how the financial markets typically do in September

A trader wipes his eyes as he watches stock prices at the New York Stock Exchange in New York. Don Emmert | AFP | Getty Images Stocks could be in for a rough time in September if history is any indication. The Dow Jones Industrial Average has averaged a loss …

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