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Yearly Archives: 2019

In ‘Labyrinth,’ a Musician With Amnesia Loses Life’s Rhythm

“What if I never get an answer?” wonders Boratin Bey, the protagonist of the Turkish writer Burhan Sonmez’s short, provocative novel “Labyrinth.” The question, posed time and time again, has serious implications for him and for us. We first meet Boratin, a resident of Istanbul in his late 20s, at …

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Small caps break out to new high for the year in positive sign for the whole stock market

The small cap Russell 2000 index jumped to a fresh 52-week high Monday, signaling small stocks may be set up for a breakout that could help lift the entire market. The Russell 2000 closed at 1,621.90, a 2% gain, and the highest close since Oct. 9, 2018. The S&P 500, …

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Best Buy earnings, housing, consumer confidence

A salesman carries a Best Buy shopping basket in San Francisco, California. Getty Images Here are the most important things to know about Tuesday before you hit the door. 1. Best Buy earnings on deck Best Buy reports third quarter earnings before the bell on Tuesday. Morgan Stanley is expecting …

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These are the retirement numbers you need to know for 2020

Guido Mieth | DigitalVision | Getty Images With a New Year comes a new start, and your retirement is no exception. That’s because the limits for pre-tax saving have gone up for aspiring retirees. And those already in retirement will see a modest boost to their Social Security retirement benefits, …

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Bitcoin sinks to a 6-month low as China accelerates crackdown

People walk past a board with the logo of Bitcoin in a street in Yerevan, Armenia September 9, 2019. Anton Vaganov | Reuters What a tough month it has been for bitcoin. The world’s most popular cryptocurrency sank to $6,558.14 on Monday, its lowest level since May, according to industry …

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Here’s the level to watch as stock falls on London ban

Uber could still make a U-turn. That’s according to JC O’Hara, chief market technician at MKM Partners, who told CNBC’s “Trading Nation” on Friday that breaching one key level could greatly bolster the stock’s bull case. Uber shares have endured a great deal of push-and-pull in recent days, sent higher …

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Here’s the tax bill on the $226 million Mega Millions jackpot

If you’re daydreaming about how you’d celebrate winning the Mega Millions jackpot, remember that Uncle Sam has a way of crashing the party. After about two months of twice-weekly drawings with no one matching all six numbers, the top prize has climbed to $226 million for Tuesday night’s drawing. Of …

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Goldman Sachs says US bull market to continue for 11th year

Mustafa Ozer | AFP | Getty Images Goldman Sachs told clients on Monday that the longest bull market in modern U.S. history will continue in 2020 and mark its 11th anniversary in part thanks to expected political stalemate in Washington. In a note subtitled, “United we fall, divided we rise,” …

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Dreading Thanksgiving? Pack One of These Books for Moral Support

We don’t want you heading into the Thanksgiving weekend with a bad attitude, we just want you to be prepared for the inevitable: like relatives bickering over politics. Or know-it-all siblings second-guessing your brining technique. Or latecomers whose contributions require oven space — or, worse, a vase. Not to mention …

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S&P 500 chart is signaling a near-term pullback, analyst warns

Stocks may be headed for a short-term slump. The S&P 500 posted its first week of losses in more than a month on Friday despite ending the day slightly higher, putting a damper on the seemingly bulletproof rally that brought the major averages to record high after record high in …

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