Finance

Yuri Gripas | Reuters Federal Reserve Board Chairman Jerome Powell reacts at his news conference after the two-day meeting of the Federal Open Market Committee (FOMC) on interest rate policy in Washington, U.S., June 13, 2018 The head of the Federal Reserve raised concerns about cryptocurrencies on Wednesday, saying they …

Patrick T. Fallon | Bloomberg | Getty Images Elon Musk, co-founder and chief executive officer of Tesla Inc. Tesla CEO Elon Musk apologized after making the baseless claim that a British diver involved in the Thai cave rescue mission was a pedophile. The apology comes after the spelunker, Vern Unsworth, …

Joe Giron | World Series of Poker Hedge fund billionaire David Einhorn plays poker at the World Series of Poker’s “Big One for One Drop.” Hedge fund billionaire David Einhorn busted out of a $1 million buy-in poker tournament just short of taking home prize money, Tuesday night in Las Vegas. Einhorn …

Matthew Busch | Bloomberg | Getty Images An employee prepares to install the hood on a sports utility vehicle at the General Motors assembly plant in Arlington, Texas. U.S. President Donald Trump and European Commission President Jean-Claude Juncker will meet next week to discuss a possible reduction of auto tariffs …

The bull market’s future may come down to just one economic chart. According to economic forecaster Lakshman Achuthan, the trend between income and spending growth is signaling trouble is already here. “These are two of the key coincident indicators of what defines the economic cycle,” he said Monday on CNBC’s …

The “Options Action” traders share two options trading strategies to kick off the week. Carter Worth And Mike Khouw think Netflix is heading lower. Mike Khouw and Guy Adami recommend a put option in General Electric. Trader disclosure: On July 13, 2018, the following stocks and commodities mentioned or intended …

Blackledge reiterated his outperform rating and raised his price target to $2,100 from $2,000 for Amazon shares, representing 16 percent upside to Friday’s close. The analyst said the Prime Day promotions will increase the company Echo-device sales and Prime subscriber base. He noted Prime households buy on average about 3.5 …

Chris Brightman of Research Affiliates says a simple equal-weighted strategy can do even better when combined with regular rebalancing. Rebalancing is essentially trimming stocks that have outperformed and buying those that have underperformed given a historical tendency for prices to revert to an average. In essence, Brightman added, it’s betting …

Getty Images Facebook CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on May 1, 2018 in San Jose, California. Facebook’s market leading position in the advertising market is unmatched, according to Jefferies. The firm raised its price target to $240 from $215 for Facebook shares, predicting its second-quarter …

Ethan Miller | Getty Images Entertainment | Getty Images World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 World Wrestling Entertainment shares triple-digit return so far this …