Asian shares looked set to rise on Monday following significant gains stateside, which saw major U.S. indexes touch record highs in the last session. U.S. stocks were given a lift on Friday on the back of expectation-topping corporate results. As of Friday, 82 percent of companies that have announced fourth-quarter […]
CNBC News
Russian opposition leader Navalny has been released from custody, his lawyer says
Russian opposition leader Alexei Navalny was released from police custody late on Sunday after a brief appearance at a rally in Moscow calling for the boycott of a March presidential election that he said would be a rigged. Navalny’s lawyer, Olga Mikhailova, told Reuters that her client had been released […]
A fire sale by the Treasury could send shock waves through the bond market, strategist warns
Wells Fargo’s head of interest rate strategy is detecting a major trouble spot in the bond market. Michael Schumacher’s chief concern right now: Who’s going to buy all those extra Treasury notes? “They [people] are worried about Treasury issuance going up, up, up. You could see an increase in 2018 […]
Drivers in California’s 3 largest cities wasted $7 billion on gas in 2017
Think filling up your car is expensive? Try doing it one of California’s three largest metro areas. Drivers in Los Angeles, San Francisco and San Diego may have spent as much as $17 billion on gas last year, based on a new estimate from Zendrive, a start-up that analyzes driving […]
GOP lawmakers push back on the idea of a gas tax as Trump gears up for $1T infrastructure plan
President Donald Trump‘s massive infrastructure package just hit a major roadblock. Prominent Republican lawmakers are already coming out against raising the federal gas tax to pay for the president’s promised $1 trillion investment in infrastructure. Speaking on Saturday night at a private donor retreat here hosted by billionaire industrialists Charles […]
Here’s what to look for as health care reports earnings, with HCA, Aetna and CVS front and center
This week, investors could get a better picture of how this year’s intense flu season is impacting health care firms, with three major health insurers and the nation’s largest for-profit hospital operator set to report fourth quarter results. Here’s what to watch: Hospital operator HCA reports Tuesday. With a large […]
Earnings have been ‘unambiguously positive,’ and it’s going to get even better, says JPMorgan
Buckle up: The market is entering one of the busiest weeks of earnings season, and one strategist says the ride could be thrilling. More than 100 S&P 500 Index companies and 10 Dow stocks are due to report in the coming week, a group with a collective value of over […]
There’s a thriving black market for social media, and its worth millions
The real Jessica Rychly is a Minnesota teenager with a broad smile and wavy hair. She likes reading and the rapper Post Malone. When she goes on Facebook or Twitter, she sometimes muses about being bored or trades jokes with friends. Occasionally, like many teenagers, she posts a duck-face selfie. […]
High fashion meets high altitude: A look at Alaska Airlines’ new couture uniforms
Before Yang designed the collection, she spent two years traveling around the country meeting with employees, observing them at work, getting feedback from union groups and reading through responses to more than 5,000 employee surveys. “This the ultimate puzzle for a designer. And, as with my couture business, my approach […]
Mark Cuban and Kevin O’Leary both say Ayn Rand is one of their favorite authors—here’s why
Reading works of fiction can grow your vocabulary and lead to higher levels of emotional intelligence. For Kevin O’Leary and Mark Cuban, co-stars on ABC’s “Shark Tank,” fiction has also inspired ambition. Both entrepreneurs say classic novels written by Ayn Rand — a Russian-born author and strong advocate for free […]