Airline stocks have been soaring, but Ari Wald of Oppenheimer says there’s one name investors should absolutely look to buy now. Spirit, Southwest, JetBlue, American and Delta have been on a tear over the last month, the stocks surging 21, 19, 15, 12 and 11 percent, respectively, in that time. […]
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Companies are already paying a tax rate as low as 13%, economist Yardeni estimates
U.S. companies on balance already are paying well below the 20 percent tax level targeted in the Republican reform plan, according to an analysis by Yardeni Research. In fact, the typical effective tax rate — the amount paid minus deductions — could be as low as 13 percent over the […]
Companies are paying a shockingly low ‘effective’ tax rate of just 13% right now, calculates Wall Street economist
U.S. companies on balance already are paying well below the 20 percent tax level targeted in the Republican reform plan, according to an analysis by Yardeni Research. In fact, the typical effective tax rate — the amount paid minus deductions — could be as low as 13 percent over the […]
80% of Wall Street economists, strategists believe bitcoin is a bubble: Survey
Despite bitcoin‘s immense gain in popularity, Wall Street’s top economists and market strategists remain unconvinced. Eighty percent of respondents to the December CNBC Fed Survey said the current valuation of bitcoin is a bubble. Only 2 percent of respondents said the valuation is based on fundamentals, and 17 percent responded […]
Strategist Tom Lee: Young people will drive bitcoin gains just as boomers boosted stocks in the ’80s
Wall Street strategist Tom Lee sees significant gains ahead for bitcoin because young investors are interested in it. “I think what viewers have to appreciate is, this is a millennial story,” Fundstrat’s Lee said Tuesday on CNBC’s “Squawk Box.” “The average millennial is 25 today. The boomers were 25 in […]
Verizon will launch over-the-top service before year-end with NFL as key piece, analyst predicts
Verizon will leave its earnings “plateau” behind in 2018 thanks to an over-the-top platform launch by year’s end, according to Nomura. “After three years of stable to declining earnings per share – Verizon’s self-described ‘plateau’ – we think the company is finally poised to resume earnings per share growth,” wrote […]
Bitcoin futures fall on second day of trading on very low volume as interest wanes
Bitcoin futures fell in low volume Tuesday in their second day of trading on the Cboe Futures Exchange. Trading volume in the most popular contract, which expires in January, was less than half what it was the prior day at 471 as of 8:24 a.m., ET. Volume had already topped […]
Tax cuts and rate hikes are on the way, starting Wednesday, CNBC’s survey of Fed watchers finds
The new Federal Reserve boss will be the same as the old boss when it comes to monetary policy and President Donald Trump‘s tax cuts will pass and add half a point to growth. Those are among the findings of this month’s CNBC Fed Survey, coming at a time of […]
Shares of retailer-turned-bitcoin-play Overstock.com rocket higher after Morgan Stanley reveals stake
Shares of Overstock.com briefly surged more than 23 percent Monday after Morgan Stanley Investment Management disclosed an 11.4 percent stake in the company. The investment management division has $447 billion in assets under management and its products include mutual funds and hedge funds. The department said in a 13G filing […]
Brent crude oil hits 2½-year high on major pipeline outage
Brent crude oil prices spiked to the highest level in 2½ years on Monday on news that a major pipeline in the U.K.’s North Sea will shut down for repairs. The Forties pipeline system will close for several weeks while its operator, INEOS, repairs a crack in a pipe discovered […]