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Monthly Archives: October 2019

Energy just fell 4% in a week—this may be the biggest area of weakness

Talk about losing energy. Now the only S&P 500 sector in the red for 2019, energy has had a difficult week, falling more than 4% as soft economic data reignited fears around slowing global growth and the impact of intercontinental trade disputes. The Energy Select Sector SPDR Fund (XLE), which …

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The hard data says the US economy is just fine

People carry retail shopping bags during Black Friday events on November 25, 2016 in New York City. Getty Images One major cluster of data shows the U.S. economy is doing well despite concerns of a potential recession. The hard data, which refers to actual numbers about the economy such as …

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Every major analyst loves SmileDirectClub shares even after IPO tanks

Jordan Katzman, co-founder of SmileDirectClub Inc., center, and Alex Fenkell, co-founder of SmileDirectClub Inc., right, look at a monitor during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019. Bloomberg | Bloomberg | Getty Images Wall Street loves SmileDirectClub but …

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How a 23-year-old making $172,000 in New York City spends his money

This story is part of CNBC Make It’s Millennial Money series, which profiles people across the U.S. and details how they earn, spend and save their money. Drake Pooley is standing in the middle of his Williamsburg apartment, surrounded by tiny bottles of shampoo, body wash and lotion. Collected from …

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GE needs to fall another 25% before bulls are safe to buy: Bill Baruch

General Electric is in trouble again. Shares tumbled more than 5% last week, caught up in a broad market sell-off and as GE bear Stephen Tusa of JPMorgan warned of weakness in its aviation unit. The stock is down more than 20% from a February peak. On Monday, GE stock …

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Economists lower outlook, see rising risk of recession

The risk of a recession is rising, and the main threat to the economy is the Trump administration’s ongoing trade war, according to a panel of economists surveyed by the National Association for Business Economics released Monday. “The rise in protectionism, pervasive trade policy uncertainty, and slower global growth are …

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In ‘Antisocial,’ How the Alt-Right Went Viral

For a journalist, reporting about people whose views you might share can be tricky enough, but reporting about people whose views you find completely abhorrent can be even trickier. Andrew Marantz started covering what he calls the “bad-guys-on-the-internet beat” for The New Yorker before the surprising result of the 2016 …

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Budweiser seeks growth in China, Vietnam, India, South Korea beer markets

Budweiser beer products manufactured by Anheuser-Busch InBev NV sit on display during a news conference in Hong Kong, China, on Thursday, July 4, 2019. Kyle Lam | Bloomberg | Getty Images The world’s largest brewer is making a big push for China and other parts of Asia — but it …

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How US small businesses are fighting counterfeiting in China

A violin student holding a Bow Hold Buddy device invented by Ruth Brons. Source: Things 4 Strings When Ruth Brons has a break between teaching her students in New Jersey how to play the violin, she’s trying to find new ways to defend her small business against counterfeiters thousands of …

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Six Russians Whose Money Has Made Art and Friends in the West

These men, personally or through foundations or companies they control, have given to arts organizations in the West and sponsored events that celebrate Russian culture abroad. Image Leonid Mikhelson Chairman and major shareholder of Novatek GIFTS: Mr. Mikhelson’s V-A-C Foundation has the goal of promoting Russian contemporary art internationally. He …

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