Facing questions on Capitol Hill over his proposal to subsidize coal and nuclear power plants, Energy Secretary Rick Perry said the notion of a free market in energy generation is a “fallacy.” The hearing before the House Energy Subcommittee contained some noteworthy moments, including when Perry was unable to answer […]
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Energy Secretary Rick Perry faces grilling over plan to subsidize coal and nuclear power generation
Facing questions on Capitol Hill over his proposal to subsidize coal and nuclear power plants, Energy Secretary Rick Perry said the notion of a free market in energy generation is a “fallacy.” The hearing before the House Energy Subcommittee contained some noteworthy moments, including when Perry was unable to answer […]
This bull market needs to go up just a bit more to be the ‘GOAT’
This bull market could be one for the ages if stocks keep going up. The S&P 500 needs to climb just 6.4 percent from its current level for this bull market to become the greatest of all time, according to Leuthold Group, a firm long known for its market stat […]
Morgan Stanley predicts space industry will triple in size: Here’s how to invest
SpaceX launched its 15th rocket this year on Wednesday, the National Space Council met last week for the first time in nearly a quarter-century and satellites the size of shoeboxes are vaulting into orbit. The cost of space access is plummeting. Morgan Stanley estimates the space industry, worth about $350 […]
Pound jumps versus dollar on report UK may get 2-year Brexit extension
The British pound erased earlier losses against the dollar on Thursday after a German newspaper Handelsblatt reported the United Kingdom could stay in the European Union for another two years. Sterling traded 0.42 percent higher at $1.3276 versus the greenback. “This maybe eases the tensions in the negotiations and gives […]
Stocks will be just fine even if tax reform doesn’t go through, Credit Suisse says
Contrary to popular belief, stocks haven’t really risen on the prospect of tax cuts and they may not see a big bounce higher if Congress ultimately approves tax cuts, according to Credit Suisse. Even President Donald Trump tweeted this week that he needs Congress to approve taxbreaks and reform to […]
Hacked again? Equifax shares drop after possible new cyberbreach
Equifax shares dropped as much as 3.5 percent Thursday after it said it has disabled one of its customer help online pages and is investigating another possible cyberbreach. The consumer credit reporting company said its security teams are looking into another possible breach barely one month after it disclosed a […]
This Dow stock just entered into a ‘death cross’
Shares of Nike just entered into a technical crossover that has some worried about further downside for the stock. On Wednesday, Nike moved into a “death cross,” an indicator in the charts that occurs when a stock’s 50-day moving average breaks below its 200-day moving average. In other words, Nike […]
Citigroup earnings beat Wall Street estimates as consumer business shows growth
Citigroup reported better-than-expected quarterly results on Thursday, as its global consumer business showed further revenue growth. Here’s how the banking giant’s results fared against Wall Street estimates: EPS: $1.42 vs $1.32 expected by a Thomson Reuters survey Revenue: $18.173 billion vs $17.896 billion expected Fixed income trading: $2.877 billion vs […]
This earnings season should be a good one for stocks, if history is any guide
The earnings season for the third quarter, which just got underway this week, is usually the best one for investors, history shows. Using hedge fund analytics tool Kensho, CNBC analyzed 19 years of historical trends around each of the four annual earnings seasons. One month after the start of the […]