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Monthly Archives: January 2018

Hawaii governor, FCC vow probe into false missile alarm

Aaron P. Bernstein | Reuters Chairman Ajit Pai speaks ahead of the vote on the repeal of so called net neutrality rules at the Federal Communications Commission in Washington, December 14, 2017. Federal Communications Commission (FCC) Chairman Ajit Pai and Hawaii governor David Ige vowed to investigate a false emergency …

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Bill Clinton blasts suggestion of misuse of foundation funds, calling it a ‘personal insult’

Getty Images Former Secretary of State Hillary Clinton, accompanied by her husband former President Bill Clinton, pauses as she concedes the presidential election at the New Yorker Hotel on November 9, 2016 in New York City. Former president Bill Clinton dismissed on Saturday suggestions that his foundation’s funds have been …

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Kroger is said to consider buying online wholesaler Boxed for up to $500 million

Daniel Acker | Bloomberg | Getty Images An employee bags a customer’s purchases at a Kroger store in Peoria, Illinois. Grocery chain Kroger has considered buying online wholesaler Boxed, according to a person familiar with the matter, as more shoppers place food orders online and as competition with Amazon.com Inc …

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North Korea says it’s considering proposal for united Korean women’s hockey team, Yonhap reports

MANAN VATSYAYANA | AFP | Getty Images The North Korean flag is seen at mast past the barbed wire fencing of the North Korean embassy in Kuala Lumpur North Korea’s International Olympics Committee (IOC) official said it is considering South Korea’s proposal for a united female hockey team, Yonhap news …

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Disney says Sheryl Sandberg, Jack Dorsey won’t be renominated to board

Fabrice Coffrini | AFP | Getty Images Sheryl Sandberg, Chief Operating Officer of Facebook Walt Disney Co. said late Friday that Sheryl Sandberg and Jack Dorsey won’t be re-nominated to its board, citing conflicts of interest as Facebook and Twitter push further into Disney’s businesses. In its annual proxy filing, …

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JP Morgan set the benchmark. Now watch the banks

After hours of marveling at the tape’s incessant march higher, CNBC’s Jim Cramer took a step back to check the market layout. “What’s driving it? … Same as always: [a] stock shortage — it’s really been acute in the industrials — 401(k) money being thrown at the market, animal spirits, …

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Bernstein unveils its ‘high conviction’ stock picks of 2018

Mark Ralston | AFP | Getty Images Shoppers at a Target store in Culver City, California. Bernstein revealed its five conviction stock ideas to clients this week, telling investors that the top picks could see big gains in 2018. “The common themes across the ideas were: high conviction in the …

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New York tax officials seized Martin Shkreli’s Nazi code machine

Peter Foley | Bloomberg | Getty Images Martin Shkreli, former chief executive officer of Turing Pharmaceuticals AG, arrives at federal court in the Brooklyn borough of New York, on Monday, July 31, 2017. New York state tax officials have already seized and auctioned off a rare Nazi encryption machine and …

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Morgan Stanley is bullish on Amazon and sees $1 trillion market cap

Brent Lewis | Getty Images Jeff Bezos, founder and CEO of Amazon Amazon will continue to draw investor demand this year, despite making record-level investments, Morgan Stanley wrote in a note published Friday. The investment bank didn’t change its $1,250 price target for Amazon, but reiterated its prediction of $2,000 …

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U.S. bonds entering the ‘danger zone,’ Piper Jaffray’s Johnson says

Since 1981, prices of U.S. bonds have generally gone in one direction: up. But, according to one widely followed technician, the long boom could be heading for a bust. Piper Jaffray’s Craig Johnson says bond yields are entering a “danger zone” as they approach 2.60 percent. “When you’ve had these …

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