Bitcoin doesn’t show textbook signs of a bubble yet, but there are other reasons not to buy it, says investing expert William J. Bernstein. The digital currency has “no intrinsic value,” Bernstein said in a phone interview with CNBC.com. It’s “awfully suspicious on that criteria alone.” The “fact the price […]
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Girlboss founder Sophia Amoruso wants you to learn this crucial lesson from her new book
Over three years after publishing her best-selling memoir “#Girlboss,” multimillionaire entrepreneur and Girlboss Media CEO Sophia Amoruso today released her third book titled, “The Girlboss Workbook: An Interactive Journal for Winning at Life.” Following a few years of “some very public stumbles” combined with “hard-won wins,” Amoruso tells CNBC Make […]
Goldman: US economy to flounder while rest of globe booms
The global economy is set to enjoy steady growth with one notable exception according to a note from Goldman Sachs out this morning. The firm’s portfolio strategy research team calls for 3.9 percent annual global growth through 2020, but believes GDP in the U.S. will decelerate to just 1.5 percent. […]
Malls ditch the ‘M word’ as they spend big bucks on renovations
A new look and a new name. Billions are being spent to renovate shopping centers to tailor them to consumers’ changing tastes and shopping patterns. And these changes are going way beyond a fresh coat of paint and some new tenants. Often the malls’ very identity is changing, and the […]
McDonald’s same-store sales climb as promotions lure customers in
McDonald’s reported better-than-expected sales at its established restaurants during the third quarter, as its promotions and fresh food offerings drew more customers in for a meal. McDonald’s national cold beverage value promotion, for example, offers soft drinks for $1, and its newest Signature Crafted sandwiches are priced between $5 and […]
The S&P just broke a remarkable streak that could signal the late innings for this bull market
The S&P 500 just posted a historic winning streak, but some market participants are predicting that the long-running bull market could be on its last legs. According to Ryan Detrick, senior market strategist at LPL Financial, the S&P 500 has now gone 242 trading sessions without a 3 percent pullback […]
China central bank chief raises new worry in China: Mortgage-driven household debt
China’s central bank chief just warned about a potential bubble in China: Rising household debt. “Regarding household debt levels, China doesn’t rank that high on a global scale, but the pace of growth has picked up in the last few years,” People’s Bank of China governor Zhou Xiaochuan said Thursday. […]
Cramer’s game plan: In the year’s biggest earnings week, don’t chase stocks
CNBC’s Jim Cramer is expecting big things for next week’s earnings reports. “We are coming in hot going into the biggest earnings week of the year, and the stakes have been ratcheted up so dramatically that we better get some darned good numbers from these companies,” the “Mad Money” host […]
Wells Fargo reportedly fires foreign exchange execs amid investigations
Wells Fargo fired four foreign-exchange executives amid an investigation into that business both internally and from regulators, The Wall Street Journal reported Friday, citing sources familiar with the matter. Wells Fargo confirmed the departures to the Journal and CNBC. Shares of Wells Fargo remained about 2 percent higher Friday afternoon. […]
By one measure, the Dow is the most overbought in 117 years, but that may not be a bad thing
As the Dow Jones industrial average climbs to all-time highs, eclipsing the 23,000 milestone, one indicator shows the index is seeing one of its most overbought conditions since 1900. The relative strength index, a classic momentum indicator in gauging whether a security is “overbought” or “oversold,” measures the speed and […]