In one of the most speculative stock moves around the bitcoin mania, the tiny stock of a former fruit juice company briefly soared more than 200 percent Tuesday. Future FinTech (FTFT) has a market value of just $12.5 million with Tuesday’s gains, according to FactSet. The stock closed up 64 […]
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Interest rates rise in one of biggest 2-day moves of year as tax bill gets closer to becoming law
Treasury yields are staging one of the sharpest two-day moves of the year, as the U.S. tax bill moves closer to becoming law. The House voted to approve the sweeping tax bill Tuesday afternoon, and it was next headed for the Senate. Strategists said the move, which drove the U.S. […]
One-fifth of American adults have experienced sexual harassment at work: CNBC survey
About one in five Americans reported experiencing sexual harassment in the workplace, cutting across the population regardless of geographic location, income or political affiliation. The CNBC All-America Survey found that overall 19 percent of American adults said they have been victims of sexual harassment in the workplace. Among men, the […]
One-fifth of American adults have experienced sexual harassment at work, CNBC survey says
About one in five Americans reported experiencing sexual harassment in the workplace, cutting across the population regardless of geographic location, income or political affiliation, a new survey said. The CNBC All-America Survey found that overall 19 percent of American adults said they have been victims of sexual harassment in the […]
Investors are flocking to Twitter, but the charts show that trouble is ahead
It’s a bird, it’s a plane … nope, it’s Twitter! Shares of Twitter have surged more than 50 percent this year, getting a boost this week on the heels of an upgrade from J.P. Morgan. Despite the move, one technician warns the stock may have flown too high, too fast. […]
Credit Suisse: McDonald’s new value menu will trigger a fast food pricing war
McDonald’s new value menu could be the spark to ignite a new fast-food price war, spelling upside for the Happy Meal restaurant and putting competitors to the test, according to Credit Suisse. As the globe’s largest restaurant by revenue, McDonald’s will be putting its size and market share to work […]
Bitcoin is the ‘most crowded’ investment in the world, according to widely followed investor survey
More traditional money managers are worried about bitcoin than ever before. The soaring digital currency topped the list of “most crowded trades” — a measure of sentiment on which a popular investment could quickly reverse its gains — in Bank of America Merrill Lynch’s December global fund manager survey released […]
Trump’s ‘America first’ tax bill has incentive for companies to invest overseas
The new tax bill was supposed to put America first as a destination for manufacturing, but one unintended consequence of the legislation means some U.S. multinationals may see an advantage in adding facilities in foreign countries. But the tax law changes, on balance, are so much more beneficial to U.S.-based […]
Tax bill includes an incentive for US companies to invest in foreign manufacturing
The new tax bill was supposed to put America first as a destination for manufacturing, but one unintended consequence of the bill means some U.S. multinationals may see an advantage in adding facilities in foreign countries. But the tax law changes, on balance, are so much more beneficial to U.S.-based […]
Holiday spending on track to be highest in at least 12 years: CNBC survey
Buoyant American attitudes on the economy look set to show up in plentiful, record-setting holiday spending this season. The CNBC All-America Survey found that average holiday spending intentions will top $900 for the first time in the 12-year history of the poll, eclipsing last year’s estimate of $702 by a […]