The hottest digital coin as 2018 kicks off is stellar, which has climbed more than 65 percent since Friday into the 10 largest cryptocurrencies by market capitalization. By Tuesday, stellar had a market cap of $10 billion as the eighth-largest digital currency, according to CoinMarketCap. The digital coin traded 17.5 […]
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Apple iPhone X expectations are ‘still too high’ despite stock pullback, analyst says
Apple iPhone X volume expectations are still too high despite a recent correction in investor expectations, according to one Wall Street firm. CLSA warned clients on Tuesday that with fourth-quarter phone sales expectations lower and first-quarter 2018 numbers unlikely to improve, the market may still be too bullish on Apple […]
Small-business hiring shows signs of slowing, even as the economy accelerates
Small business hiring slowed in 2017, even as the rest of the economy accelerated, a report from human resources firm Paychex said Tuesday. The Small Business Jobs Index closed the year at 99.70 after falling 0.16 percent in December and 0.78 percent for the year. Small-business national hourly earnings were […]
Democrats in high-tax states plot to blunt impact of new tax law
Democrats in high-cost, high-tax states are plotting ways to do what their states’ representatives in Congress could not: blunt the impact of the newly passed Republican tax overhaul. Governors and legislative leaders in New York, California and other states are considering legal challenges to elements of the law that they […]
There’s a new star in the digital currency world, and its market cap has already topped ethereum’s
Ripple surged nearly 56 percent Friday to an all-time high, surpassing ethereum as the second-largest cryptocurrency by market capitalization. Officially called XRP, ripple climbed 55.9 percent to a record high of $2.23 Friday afternoon, according to CoinMarketCap. The digital currency had a market cap of $86.3 billion, surpassing ethereum’s $73 […]
Incoherent, authoritarian, uninformed: Trump’s New York Times interview is a scary read
The president of the United States is not well. That is an uncomfortable thing to say, but it is an even worse thing to ignore. Consider the interview Trump gave to the New York Times on Thursday. It begins with a string of falsehoods that make it difficult to tell […]
These 36 companies live and die by Apple
Apple doesn’t sell many products — you can probably count most of them on your hands and feet. But it’s hard to overstate the company’s scale and power. As the most valuable franchise in the world, Apple own more U.S. Treasury securities than many major countries, was the fourth-largest purchaser […]
The most important chart for the market next year, according to a top technician
In a year when equities across the world have rallied in synchrony, Ryan Detrick of LPL Financial has identified what could be the most important chart for the market next year, as it could signal that the global rally is far from done. With the S&P 500 up 20 percent […]
Here are 20 stocks hedge funds hate the most right now
One of the main ways hedge funds make money is betting against companies they believe are overvalued, so investors should be wary of stocks with high levels of short interest. S3 Partners’ Ihor Dusaniwsky shared which stocks professional managers and investors are short selling the most in an email to […]
From SeaWorld to Sears: Here are 20 stocks hedge funds hate the most right now
One of the main ways hedge funds make money is betting against companies they believe are overvalued, so investors should be wary of stocks with high levels of short interest. S3 Partners’ Ihor Dusaniwsky shared which stocks professional managers and investors are short selling the most in an email to […]