Dennis Grombkowski | Getty Images Sport | Getty Images Vladimir Putin, President of Russia speaks during the Preliminary Draw of the 2018 FIFA World Cup in Russia at The Konstantin Palace on July 25, 2015 in Saint Petersburg, Russia. Russian President Vladimir Putin warned the threat of a nuclear war …
Read More »Monthly Archives: December 2018
US futures move after Fed decision triggers Wednesday sell-off
Spencer Platt | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) as the Federal Reserve Board Chairman Jerome Powell holds a news conference on December 19, 2018 in New York City. U.S. futures fell during trade on Thursday morning stateside after all three major …
Read More »Forget the Fed and trade war, the biggest threat to the stock market next year is a profit slowdown
No matter what you believe is driving the stock market in the short term — the Federal Reserve, a trade war, Trump’s Twitter — the value of stock prices over time ultimately will come down to earnings. And that means the future is only getting bleaker from here. Wall Street …
Read More »Facebook explains how Netflix, Spotify, and others used info
Christophe Morin/IP3 | Getty Images News | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc. attends the Viva Tech start-up and technology gathering at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France. Facebook on Wednesday evening published a blog post explaining …
Read More »Fed makes key adjustment in effort to keep rates in line
Mark Wilson | Getty Images Federal Reserve Board Chairman Jerome Powell speaks during a news conference on December 19, 2018 in Washington, DC. The US Federal Reserve raised the short-term interest rates by a quarter percentage point on Wednesday, the fourth increase of the year, and signaled two more hikes …
Read More »Fed chief Powell says he doesn’t see the Fed changing its strategy for shrinking the balance sheet
Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, Dec. 19, 2018. As the future path of interest hikes gets cloudier, Federal Reserve Chairman Jerome …
Read More »‘The market is in no man’s land’
Stocks are extremely oversold, but investors still seem bent on selling after the Federal Reserve disappointed markets with a less dovish message than expected. “The bears have been writing the script,” said Scott Redler, partner with T3Live.com. The S&P 500 lost 1.5 percent Wednesday to 2,506 and is nearly 15 …
Read More »‘Political considerations’ have played no role in decision-making
Mark Wilson | Getty Images Federal Reserve Board Chairman Jerome Powell speaks during a news conference on December 19, 2018 in Washington, DC. The US Federal Reserve raised the short-term interest rates by a quarter percentage point on Wednesday, the fourth increase of the year, and signaled two more hikes …
Read More »Powell says inflation has surprised to the downside, but not by a lot
Mark Wilson | Getty Images Federal Reserve Board Chairman Jerome Powell speaks during a news conference on December 19, 2018 in Washington, DC. Inflation has persistently surprised policy makers on the low end, Federal Reserve Chairman Jerome Powell acknowledged on Wednesday, but not enough to stop the central bank’s efforts …
Read More »NASA astronaut Terry Virts on Jeff Bezos versus Elon Musk space race
Elon Musk has SpaceX. Richard Branson has Virgin Galactic. And Jeff Bezos has Blue Origin. These titans of entrepreneurship are ushering in a new generation of human spaceflight. So who’s the most important space entrepreneur? “There are different levels of importance,” Terry Virts — a NASA astronaut who has spent …
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