Home / 2017 / July (page 72)

Monthly Archives: July 2017

This chart shows why higher rates may take down Facebook and the rest of ‘FAANG’

Stumbling technology stocks could soon face another hurdle if the Federal Reserve follows through on raising interest rates, Credit Suisse strategists said. “The performance of FAANG stocks [Facebook, Apple, Amazon.com, Netflix and Google’s parent Alphabet] relative to the broader market has moved inversely with interest rate direction since 2003,” Lori …

Read More »

Review: ‘500 Years’ Looks at a Guatemala Searching for Justice

Photo Guatemalan protesters celebrating in “500 Years.” Credit Saul Martinez/Paladin Heavy with emotion yet light on information, “500 Years” has the curious effect of being both passionate and pale. You may find yourself championing its subjects even while feeling confounded by the omission of details by its filmmaker. Video Trailer: …

Read More »

Apple patents show mirror, ceramic chassis looks

Apple has patented some super-strong, translucent finishes for housing electronic devices, building on speculation that an upcoming iPhone will have a reflective finish. An Apple patent application published on Tuesday depicts an “optically reflective layer,” creating a metallic-looking housing for a laptop or phone. According to the patent, a reflective …

Read More »

These stocks have lost $70 billion so far this year

Amazon stock was lower on Prime Day and some of the retailers it has been crushing were moving higher Tuesday, but the longer-term trend shows its competitors hitting rock bottom. Amazon’s own stock was down about 0.7 percent Tuesday, as the company offered shoppers hundreds of deals on the shopping …

Read More »

Patek Philippe to Open a Pop-Up Museum in New York

Photo Larry Pettinelli, the president of Patek Philippe U.S. Credit Daniel Dorsa for The New York Times As Rolls-Royce is to automobiles, Patek Philippe is to watches: exquisitely crafted, rich with legacy, and, with prices starting around $20,000 and quickly moving into the six figures, decidedly out of reach for …

Read More »

Trump’s planned state visit to UK delayed until next year: US official

Getty Images President, Donald Trump and British Prime Minister, Theresa May are pictured ahead of a photo opportunity of leaders as they arrive for a NATO summit meeting on May 25, 2017 in Brussels, Belgium. U.S. President DonaldTrump’s state visit to the United Kingdom, initially planned for this year, will …

Read More »

Chart shows why this is the best ‘stock pickers market’ in 17 years

Active managers, rejoice. Analysts at Citi put together a chart that illustrates how the correlation among stock returns in markets like the United States is at its lowest level since 2000. Here’s the chart: “This should bode well for active management performance and indeed year-to-date, global active management performance for …

Read More »

Snap underwriter Morgan Stanley downgrades the stock

These are the same concerns that caused Snap shares to close at $16.99 on Monday. The shares reached a high of $29.44 a day after its March 2nd debut but have been under pressure ever since. The research and investment banking arms of all major Wall Street banks are technically …

Read More »

US says test of THAAD missile defense system in Alaska hits target

Source: Department of Defense A United States Army missile defense system, Terminal High Altitude Area Defense (THAAD). The United States said on Tuesday it successfully tested its THAAD missile defense system against an intermediate-range ballistic missile in the Pacific Ocean near Hawaii and Alaska, a key area as tensions with …

Read More »

US, Qatar sign an agreement on combating terrorism and its financing

Tom Finn | Reuters U.S. Secretary of State Rex Tillerson meets with Qatar’s Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani in Doha, Qatar July 11, 2017. The United States and Qatar signed an agreement on combating terrorism and its financing during a visit to Doha by US Secretary of State …

Read More »