U.S. employers hired more people in December than a year ago, and cities in the Sun Belt are showing solid hiring growth, according to the LinkedIn Workforce Report. Hiring across the U.S. was 24.2 percent higher last month than a year earlier, the data showed. The seasonally adjusted hiring figure […]
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Another tiny digital coin leaps into the top 10 cryptocurrencies
A digital coin worth about a dime a day ago has doubled in price, briefly climbing into eighth-place among cryptocurrencies by market capitalization. Tron climbed 112 percent Thursday to 20.5 cents, according to CoinMarketCap. The website showed that Tron’s latest gains gave the coin a market cap of $13.5 billion, […]
GE is surging, but buyer beware it’s still ‘the value trap of the century,’ says market watcher
GE has gone from worst to first. The beaten Dow stock fell 41 percent in 2017 but has surged 6 percent in the first few days of the New Year. Despite the bounce, some market watchers are telling investors to not trust the bounce, and to look at the stock […]
Why cheering on the stock market is risky for Trump
As the Dow Jones industrial average crosses 25,000, the popular stock market gauge gives President Donald Trump yet another opportunity to crow about growth since his election in November 2016. However, he may end up regretting his decision to latch onto such a fickle indicator. Markets go up and markets […]
Trump aims to open Arctic, Pacific and Atlantic to offshore drilling in biggest lease sale ever
The Trump Interior Department on Thursday announced plans to offer blocks in the Arctic, Atlantic and Pacific oceans for oil and gas exploration in an ambitious new five-year offshore lease plan. Interior Secretary Ryan Zinke said the proposal for offshore leasing between 2019 and 2024 would offer about 90 percent […]
Trump aims to open nearly all federal waters to offshore drilling in biggest lease sale ever
The Trump Interior Department announced Thursday plans to offer blocks in the Arctic, Atlantic and Pacific oceans for oil and gas exploration in an ambitious new five-year offshore lease plan. Interior Secretary Ryan Zinke said the draft proposal for offshore leasing between 2019 and 2024 would offer about 90 percent […]
Investor who called last two major market crashes says bitcoin is a bubble
Noted investor Jeremy Grantham, who called the last two major market bubbles, said bitcoin is a bubble that may crash soon. “This is a true, crazy mini-bubble of its own I expect,” Grantham, co-founder of Boston-based investment management firm GMO, said in a Wednesday letter to clients. “Historical analogy suggests […]
Domino’s Pizza remains ‘one of the best’ retail stories, Credit Suisse upgrades
Domino’s Pizza remains “one of the best” stories in food retail and should remain a key player in delivery, according to one Wall Street bank. Shares of the world’s second-largest pizza chain jumped 3.5 percent Thursday after Credit Suisse upgraded its rating on the company’s stock, telling investors that the […]
Snap shares fall after Cowen downgrades, predicts 30% slide
Snap shares fell 3 percent Thursday after a Wall Street investment firm found that ad buyers ranked the company lowest relative to other social media networks. Cowen lowered its rating for the photo messenger’s shares to underperform from market perform, predicting a 30 percent decline in stock price over the […]
One stock analyst’s $10 trillion bull case for cryptocurrencies
Cryptocurrencies and the blockchain technology underlying them could become a $10 trillion market in 15 years, RBC Capital Markets analyst Mitch Steves says. That’s more than 13 times larger than the roughly $730 billion value of cryptocurrencies today, according to CoinMarketCap. “By utilizing decentralized computing and opensource software, we see […]