Despite a historic level of low unemployment, Goldman Sachs believes the labor market is divided, with a “pool of struggling workers” on the fringe. In a research note by chief economist Jan Hatzius, Goldman notes that while short-term unemployment has improved to historic lows, a higher rate of long-term unemployment […]
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This chart of small caps rolling over shows market rally is hinging on tax reform
The sharp downturn in small-cap stocks on Monday is raising a flag with investors that the stock market may have priced in corporate tax cuts to a greater extent than previously thought. The Russell 2000 took a big hit on Monday, falling more than 1 percent, after Bloomberg News reported […]
Bitcoin makes up nearly a third of Bill Miller’s market-crushing hedge fund, report says
A hedge fund run by legendary investor Bill Miller now has about 30 percent of its assets in bitcoin, up from 5 percent last year, The Wall Street Journal reported Friday, citing an interview with Miller. The fund, MVP 1, bought its bitcoin for an average $350 each, the Journal […]
Savings rate hits lowest since financial crisis as Americans take on more risk
Americans are saving at the lowest pace in nearly 10 years, a sign of growing confidence as money pours into risk. The savings rate in September fell to 3.1 percent, according to Commerce Department data released Monday. That’s the weakest level since December 2007, just as the U.S. economy was […]
Quit bad habits with these 11 top tips
Warren Buffet said: “Chains of habit are too light to be felt until they are too heavy to be broken.” It’s far too easy for bad habits to derail our businesses, health, finances, relationships, and happiness. Just one bad habit can be the bad apple that spoils a dozen good […]
Alibaba shares are at a critical level. Here’s what it means
One of the best-performing tech stocks this year is testing a critical level, and it could be a make or break moment for the stock’s incredible run, according to one technician. Alibaba share prices have more than doubled this year, but Matt Maley of Miller Tabak warns the stock looks […]
Halloween isn’t just for humans anymore, with millions now getting their pets in on the action
Americans are expected to spend a record $9.1 billion on Halloween this year — and that’s not just on kiddie costumes, candy and decorations. It might seem like all fun and games: but the business of pet Halloween is no joke. The National Retail Federation recently estimated 16 percent of […]
There are now more than 120 hedge funds focused solely on bitcoin, digital currencies
More than 90 funds focused on digital assets like bitcoin have launched this year, bringing the total number of such “crypto-funds” to 124, according to financial research firm Autonomous Next. Data shared exclusively with CNBC Friday showed that the largest share of the funds, 37 percent, used venture capitalist-type strategies […]
Want to make your company’s stock soar? Here’s the quick, easy thing you can do
Some tiny stocks are taking a wild ride as traders look for ways to bet on bitcoin’s blockchain technology. Since bitcoin doesn’t trade on a traditional exchange like the Nasdaq, traders have latched onto any stock claiming some connection to the world of digital coins and blockchain. Bitcoin is a […]
How more GDP models are better than one
CNBC’s Rapid Update estimate of GDP has continued to outperform the widely followed Atlanta Fed’s GDPNow. For Friday’s third quarter estimate of GDP, which came in at 3 percent, Rapid Update estimated 2.8 percent, compared with 2.5 percent for the Atlanta Fed. Over the three quarters of this year, the […]