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Yearly Archives: 2019

Saudi Arabia seeks over $425 billion in investments for infrastructure

Faisal Al Nasser | Reuters Saudi Energy Minister Khalid al-Falih speaks to the media during Saudi government ministers brief in Riyadh, Saudi Arabia December 19, 2018. Saudi Arabia is seeking to attract 1.6 trillion riyals (nearly $429 billion) in private sector investment over the next 10 years for a landmark …

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Chart pinpoints level S&P 500 must break for sustainable rally: BofA

Bank of America-Merrill Lynch believes it’s premature to call an end to the market correction. Although stocks on Friday closed out 5 straight weeks of gains, Stephen Suttmeier, the firm’s chief equity technical strategist, is telling investors that stocks are still in the throes of a cyclical bear market. According …

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If the markets get crazy again, these could be the three best ‘safe havens’, a study shows

With December’s monster sell-off in hindsight, many investors are looking for a potential shelter to hide when the market goes wild again. And U.S. Treasuries, Japanese yen and gold could be their best safe havens, according to HSBC. The bank ran 10 million simulations of various portfolio weightings and found …

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Bill to reopen government expected to pass House and Senate on Friday

Al Drago | Bloomberg | Getty Images Senate Minority Leader Chuck Schumer, a Democrat from New York, speaks during a news conference on Capitol Hill in Washington, D.C., on Wednesday, Jan. 16, 2019. Senate Minority Leader Chuck Schumer said a bill to reopen large swaths of the federal government is …

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Senate votes to reopen government and end shutdown

Tom Williams | CQ-Roll Call Group | Getty Images Senate Majority Leader Mitch McConnell, R-Ky., talks with reporters outside the Senate chamber about a continuing resolution to re-open the government on Friday, January 25, 2019. The Senate passed legislation Friday to end the longest government shutdown ever. The vote sends …

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TSA officers get partial pay as shutdown’s financial toll worsens

Scott Olson | Getty Images A Transportation Security Administration (TSA) worker screens passengers and airport employees at O’Hare International Airport on January 07, 2019 in Chicago, Illinois. Transportation Security Administration airport screeners and other agency employees will receive partial pay, the TSA said Friday, an attempt to tide over some …

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YouTube cracking down on conspiracy, other misleading videos

Stephen Lam | Reuters Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Google-owned YouTube said Friday that it will suggest fewer controversial videos as a means to improve its recommendation system. The company has come under fire …

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Square up 50 percent off the lows and charts suggest more room to run

Square is on a tear. The stock surged 7 percent Thursday after the payment company received a vote of confidence from Instinet. Analyst Dan Dolev reiterated a buy rating on the shares in a note, citing new growth potential and increasing attractiveness versus the big banks after Square launched its …

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Bitcoin not an ideal hedge unless you’re expecting ‘dystopia,’ JP Morgan says

Bitcoin might come in handy for some type of dystopian future. But in the meantime, investors may want to look for other safe-haven bets, according to J.P. Morgan. Barring an all-out loss of faith in all major currencies — the dollar, euro, yen and gold — the firm remains doubtful. …

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Facebook integrating Messenger, Instagram and WhatsApp

David Paul Morris | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook, holds his phone after the morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, July 13, 2018.  Facebook is planning to integrate the messaging functions of Messenger, …

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