High-flying Amazon‘s record run will continue into next year. That’s according to Todd Gordon, founder of TradingAnalysis.com, who says the charts are pointing to record highs for Amazon in early 2018. The online retailer has already surged 58 percent this year, and Gordon says the stock is poised to exceed […]
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Philippines accidentally leaves former president’s face off a batch of currency
It took a social media post for the Philippine central bank to realize its mistake of circulating a bunch of defective, “faceless” banknotes. The 100-Philippine peso notes ($2) were missing the portrait of former president Manuel Roxas. Two words were also omitted from the country’s official name, according to a […]
Tax changes are coming Monday: Here’s when it will affect you
A jumble of changes are coming to the tax code, with many of them set to begin on New Year’s Day — Monday. The bill makes cuts and adds exemptions to individual, corporate and international taxes, but only a few are permanent. Here’s what you need to know about when […]
Natural gas prices flare up more than 10 percent on cold snap
A polar blast has heated up natural gas futures, which are up more than 10 percent this week and more than 5 percent on Thursday alone. Bitter cold weather across the northern tier of the U.S. expanded to the East Coast this week, and it is expected to remain frigid […]
Natural gas prices flare up more than 13 percent in the past week on cold snap, strong demand
A polar blast has heated up natural gas futures, which are up more than 13 percent in the past week on strengthening demand and the outlook for more cold weather. Bitter cold weather across the northern tier of the U.S. expanded to the East Coast this week, and it is […]
China is teaming up with a slew of countries to build a new Silk Road — but not everyone is happy
Aamir Qureshi | AFP | Getty Images A Chinese worker sits near trucks carrying goods during the opening of a trade project in Gwadar Port, Pakistan, on November 13, 2016. Pakistan The China Pakistan Economic Corridor (CPEC) is a partnership between the two Asian neighbors comprising of approximately $60 billion […]
The Nasdaq is on track to do something it’s never done before
The Nasdaq composite is on track to make history this week should its monthly gain hold through Friday’s close. If the tech-heavy index finishes December up, it will have posted gains in 11 of 12 months this year, an unprecedented feat for one of the country’s most-followed stock metrics. The […]
Copper, on a red-hot winning streak, is testing a critical level
As we wrap up this year and look ahead to 2018, many investors are focused on how strong global growth might be next year. This consensus is looking for strong growth, with U.S. tax cuts leading the way, though certainly not the exclusive catalyst for global economic expansion. Of course, […]
When the economic news is this good, history shows the gains are smaller for stocks
The economy could be signalling too much of a good thing for stocks. James Paulsen, chief investment strategist at Leuthold Group, warns that the Citi Economic Surprise Index is at one of the highest levels it’s ever been at and the third highest in the post-financial crisis recovery. The Citi […]
While bitcoin falls, one cryptocurrency rises 9% after new link to some Japanese credit card firms
Ripple rose more than 9 percent Wednesday, coming within 10 cents of its all-time high. The gains followed news that Tokyo-based financial services company SBI Holdings and its subsidiary SBI Ripple Asia announced the establishment of a “consortium” with some Japanese credit card companies to utilize blockchain technology, according to […]