Bitcoin surged 5 percent to a record high above $6,000 on high trading volume Friday. The cryptocurrency hit a record high of $6,003.81 in late morning New York trading, according to CoinDesk. Bitcoin later pared some gains to trade around $5,905 by early afternoon. Twenty-four hour trading volume in U.S. […]
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Apple’s recent weakness is just the ‘pause that refreshes,’ says one technical analyst
It’s hard out there for an Apple investor. The stock has been on a roller-coaster ride since unveiling its next generation products, as underwhelming reviews and weak demand for the iPhone 8 have sent shares tumbling. “Apple looks very, very sick. It’s rolling over and trading below its 50-day moving […]
There’s something in the charts that’s making me nervous about tech: Trader
Investors may be wise to pump the brakes on the Nasdaq as we head into big tech earnings, according to one technician. The Nasdaq 100 ETF, QQQ, posted its worst session in nearly a month on Thursday, as its top components — Apple, Facebook, Amazon and Alphabet — all fell […]
Wall Street expects Powell but still wants Yellen as next Fed chair
Wall Street overwhelmingly believes President Donald Trump will pick Federal Reserve Governor Jay Powell to be the next Fed chair, but it wants him to reappoint the current chair, Janet Yellen. The CNBC Fed Survey found 45 percent believing the president will choose Powell in what has become a much […]
The Dow’s oldest stock is looking ‘so bad, it’s good,’ according to one technician
General Electric is not only the Dow’s oldest component but also its biggest laggard this year. That could be about to change, however, thanks to what Craig Johnson is seeing in the charts. According to the Piper Jaffray technical analyst, General Electric is retesting its 2015 lows at around $23, […]
Bond yields fall suddenly on report Powell in lead to be Fed chief
Bond yields fell suddenly late in the trading session on a report Federal Reserve Governor Jerome Powell is the front runner to succeed Janet Yellen as next Fed Chairman. Politico reported late Thursday afternoon that President Donald Trump was favoring Powell among a handful of candidates he has recently vetted. […]
You should live in these 10 U.S. cities if you want to be happier
If you feel unhappy, longevity expert and National Geographic Fellow Dan Buettner tells CNBC Make It you should “follow your bliss, not your material desires.” New research published by National Geographic on Wednesday revealed the top American cities where people are “living their best lives,” based on a study of […]
New engines, infotainment bugs hurting auto reliability
New and more advanced transmissions as well as more complex infotainment systems are hurting the reliability of cars and trucks. That is the conclusion of the Consumer Reports annual auto reliability survey. “It is really the new technology that is being added to the new vehicles that has really been […]
Gas prices: Why you’ll keep paying less at the pump this year
You’ll probably keep paying less for gasoline despite new tensions in the Middle East driving up the price of oil. American drivers have paid lower prices at the pump for five straight weeks, and the cost of filling up could soon slide back to levels last seen before Hurricanes Harvey […]
The dark side of winning the Amazon headquarters
Head coaches have set aside rivalries and one city offered to change its name. Others are taking the more traditional approaches of promising huge tax windfalls and new state-of-the-art transit systems. But history shows luring Amazon‘s second headquarters may not be a slam dunk for the victorious city. The deadline […]