A new exchange-traded fund aims to capitalize on retail’s decline. Last week, ProShares rolled out its Decline of the Retail Store ETF (EMTY), which is designed to increase in value when the stocks in the index it tracks decline. The fund makes bets against an index of 56 brick-and-mortar retailer […]
CNBC News
Hedge funds hate these 10 stocks, Goldman says
One of the main ways hedge funds make money is betting against companies they believe are overvalued, so investors should be wary of stocks with high levels of so-called short interest. Goldman Sachs listed which stocks professional managers are short selling the most in its latest “Hedge Fund Trend Monitor” […]
Black Friday frenzy as throngs of shoppers line up for deals around the country
Black Friday still has shoppers across America lining up outside stores, anticipating deep discounts and doorbusters, albeit spending continues to shift online. By Thanksgiving afternoon, long lines of people were already forming outside of Target, Best Buy and J.C. Penney locations, among other retailers, across the country. Wal-Mart opted to […]
China’s ancient capital is a growing hub for trade
China is growing its ties with Kazakhstan as the “Belt and Road” program gets underway. A prime example is the nearly seven-year-old railway container center in China’s ancient capital city of Xi’an that links the world’s second-largest economy to the Central Asia country. Kazakhstan is the so-called inland port’s biggest […]
UPS makes a curious move into the prescription drug business
United Parcel Service has acquired a manufacturing pharmacy license from Georgia’s Board of Pharmacy, enabling the company to not only ship pharmaceuticals, but to repackage and relabel them directly from the manufacturers. While UPS has for years acted as a carrier for drug companies like Merck — which has a […]
UPS makes curious move involving prescription drug business with new license
United Parcel Service has acquired a manufacturing pharmacy license from Georgia’s Board of Pharmacy, enabling the company to not only ship pharmaceuticals, but to relabel them. While UPS has for years acted as a carrier for drug companies like Merck — which has a facility based in Georgia — the […]
OPEC, Russia have showdown over US shale drilling ahead of meeting
OPEC’s meeting next week could be a volatile one for the energy market, as the cartel seeks to extend its agreement to limit oil production against rising U.S. output. OPEC is expected to extend its deal with Russia and other oil producers to keep 1.8 million barrels a day off […]
Three soaring tech stocks to buy at record highs: Technician
As the Nasdaq soars to new records, Rich Ross of Evercore ISI has three stocks to buy at all-time highs. The tech-heavy index hit an intraday record on Wednesday, its 73rd this year, and Ross pointed to some of Wall Street’s favorite names for more gains. “It’s a trend-followers’ paradise […]
Fewer consumers to spend more this Black Friday, but Wal-Mart’s a winner: Jefferies
Once a battleground for retailers and shoppers alike, Black Friday may be entering a “ceasefire” as more customers look for deals online, according to one Wall Street analyst. Research from Jefferies finds that only 13 percent of consumers say they’ll be spending more this Black Friday, down from 17 percent […]
The Nasdaq chart looks ‘amazing,’ and there’s no top in sight, according to Louise Yamada
The Nasdaq’s record run is nothing short of “amazing,” and it’s showing no signs of stopping, technical analyst Louise Yamada says. The tech-heavy index hit another record on Tuesday, closing at 6862.48 for its 66th high this year. According to Yamada, the charts are pointing to an even bigger breakout. […]