Drugs, jail and video games have taken millennial men out of the workforce and they aren’t likely to return —a phenomenon dubbed “the tale of the lost male” by economists at Bank of America Merrill Lynch. A decline in the labor force participation rate since the financial crisis masks stark […]
CNBC News
Overstock shares may soar 60% if company sells retail biz to focus just on bitcoin, analyst says
Shares of Overstock.com could soar more than 60 percent, according to the primary Wall Street analyst covering the e-commerce company. D.A. Davidson analyst Tom Forte is the only analyst listed on FactSet covering the stock, which has only topped $1 billion in market value in the last few weeks. Forte […]
Overstock shares may soar 60 percent if company sells retail biz to focus on bitcoin, analyst says
Shares of Overstock.com could soar more than 60 percent, according to the primary Wall Street analyst covering the e-commerce company. D.A. Davidson analyst Tom Forte is the only analyst listed on FactSet covering the stock, which has topped $1 billion in market value only in the last few weeks. Forte […]
Gold just dropped in sudden move lower
Gold futures dropped suddenly, losing almost 1 percent of their value in about 15 minutes. Trading volume also picked up during the selling activity. Gold futures for December delivery were down 0.9 percent as of 11:52 am in New York after stabilizing following the sudden decline. It was not immediately […]
Traders bet on Cisco and against Best Buy ahead of earnings next week
Next week key technology and retail names are set to release earnings, and traders are making big bets ahead of those reports. In keeping with the recent market trends, they are betting that Cisco moves higher after earnings, while retailer Best Buy will trade down. This week bullish investors bought […]
Bitcoin drops from record after upgrade called off, but offshoot ‘bitcoin cash’ surges more than 20%
Bitcoin fell Friday to its lowest since Nov. 1 as traders bet on its offshoot, bitcoin cash, instead. The offshoot digital currency surged more than 20 percent to its highest since Aug. 20, according to CoinMarketCap. Bitcoin cash split off from the original version of bitcoin in August as a […]
A central bank stock boom in Asia that’s reached its highest level in 25 years
This year has been one of the best years for the stock market in history — and it’s not just U.S. stocks that have been rising. Equities around the world have been on a tear. One of the markets that’s been doing particularly well is Japan, where stocks have seen […]
Charts show Apple’s market cap could pass $1 trillion by year-end: Technician
Apple could soon surpass a major milestone, according to TradingAnalysis.com founder Todd Gordon. Looking at a chart of the tech giant, Gordon points out what he describes as a “very strong” uptrend going back to the summer of 2016. Drawing a parallel channel line leads the technician to conclude that […]
It’s not just the US — emerging markets are having a record year
Equity markets in the U.S. have notched record after record in 2017, but emerging markets are on pace for a record year of their own. One popular emerging markets-tracking exchange-traded fund, the iShares MSCI emerging markets ETF (EEM), has rallied 32 percent this year, on pace for its best annual […]
Alibaba’s Singles’ Day lures top global brands, amassing billions in sales
For Alibaba, the future is retail. And a lot of it. This Saturday, the Chinese e-commerce giant will hold its annual Singles’ Day event, which last year grossed a whopping $17.8 billion in sales, up from $14.3 billion in 2015. To put those sales figures into perspective, Singles’ Day has […]