A group of high-flying stocks that have led the bull market are indicating the correction may be over. The “FAANG” stocks — Facebook, Apple, Amazon.com, Netflix and Google parent Alphabet — hit a new high for the year on Friday, Bespoke Investment Group pointed out. An equal-weighted portfolio of the …
Read More »Monthly Archives: February 2018
Flood fears rise as wicked storm system tears across southern, central US
Scott Olson | Getty Images A resident uses a rowboat to navigate a flooded neighborhood on February 22, 2018 in Lake Station, Indiana. LOUISVILLE – A violent storm system with relentless rains and fierce winds that pounded the southern and central U.S. over the weekend could lead to treacherous flooding …
Read More »Viktor Orban suffers surprise by-election defeat ahead of national vote
ATTILA KISBENEDEK | AFP | Getty Images Hungarian Prime Minister and Chairman of FIDESZ party Viktor Orban delivers his state of the nation address in front of his party members and sypathizers at Varkert Bazar cultural center of Budapest on February 18, 2018. Hungary’s ruling right-wing government suffered an unexpected …
Read More »‘We’ve bought more Apple than anything else’ in the last year
Warren Buffett loves Apple shares. The Oracle of Omaha was asked outside of Berkshire Hathaway shares, which stock he would put all his money in today. “If you look at our holdings, you would assume that we like them in the order in which they rank by dollar value of …
Read More »Behind a Key Anti-Labor Case, a Web of Conservative Donors
In the summer of 2016, government workers in Illinois received a mailing that offered them tips on how to leave their union. By paying a so-called fair-share fee instead of standard union dues, the mailing said, they would no longer be bound by union rules and could not be punished …
Read More »Who’s going to be the next Italian leader? — Here are the main contenders
Emanuele Cremaschi | Getty Images Silvio Berlusconi, President of Forza Italia (Go Italy) and former Italian Prime Minister, gives a speech during a political rally on February 25, 2018 in Milan, Italy. Silvio Berlusconi has been prime minister of Italy three times. Despite a series of sex scandals and tax …
Read More »Russia sets stage for UN veto of western bid to call out Iran
TIMOTHY A. CLARY | AFP | Getty Images Russian Ambassador to the United Nations Vassily Nebenzia addresses the assembly during a UN Security Council meeting February 22, 2018 on the violence engulfing the Syrian rebel-held enclave of Eastern Ghouta. Russia has laid the groundwork for a likely veto on Monday …
Read More »Xiaomi ‘doing a lot of research’ on A.I. chips for smartphones
Photographer | CNBC Wang Xiang, head of international at Xiaomi, holds a Mi Max 2 smartphone for a photograph during a news conference in Hong Kong, China, on Monday, June 26, 2017. Xiaomi is researching chips that enable artificial intelligence (AI) on mobile devices, but has not made a decision …
Read More »Trump wants the death penalty for drug dealers
Leah Millis | Reuters President Donald Trump speaks about the mass shooting at a Florida high school in a national address from the White House in Washington, U.S., February 15, 2018. President Donald Trump considers drug traffickers to be as bad as serial killers and would “love to have a …
Read More »‘Black Panther’ boasts second-best sophomore weekend in US box office history
“Black Panther” has proven its staying power after breaking records during its North American debut last weekend. The film’s $40.2 million haul on Monday was the biggest Monday at the U.S. box office ever. “Black Panther” also posted the fourth-best first week at U.S. theaters and took the crown for …
Read More »