Bond vigilantes are poised to wrest back power in 2018. For the first time in four years, the U.S., Japanese, euro zone and UK governments will together issue more net debt than their central banks will buy. That gives investors a welcome chance to hold profligates to account. But markets […]
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US shale oil drillers set to kick off the new year with big production gains
America’s shale drillers are poised to ring in the new year with strong growth in the U.S. oil patch, according to the latest forecast from the Department of Energy. Crude oil production from seven major shale regions is set to grow by 94,000 barrels a day in January, the department’s […]
Shares of Warren Buffett’s Berkshire Hathaway hit $300,000 — each — for the first time
One “A” share of Warren Buffett’s Berkshire Hathaway will set you back about $300,000 as of Monday. The conglomerate’s most expensive share class touched that milestone for the first time in the morning. It has outperformed the S&P 500 this year — rising more than 22 percent versus the index’s […]
Dow rises 5,000 points in a year for the first time ever
The Dow Jones industrial average just did something it has never done in its 121-year history. The 30-stock average is now up more than 5,000 points in a year, marking its biggest annual-points gain ever. This following a 200-point rally Monday which sent it to an all-time high. The Dow, […]
Bill Miller’s hedge fund has half its money in bitcoin
A hedge fund run by legendary investor Bill Miller is now half invested in bitcoin. “It’s just about 50 percent right now,” Miller said regarding his MVP 1 fund on the WealthTrack podcast with Consuelo Mack released last week. Miller founded Miller Value Partners in 2016 after a 35-year career […]
Goldman expects another calm and rising market next year and has a strategy to capitalize on it
Goldman Sachs predicts the calm markets will continue next year and found the stocks that thrive in a low-volatility environment. The firm recommends a strategy based on a ratio from a Nobel Prize–winning economist. “Low volatility across asset classes has been a defining characteristic of 2017. For equities, realized volatility […]
Twitter shares jump after JPMorgan upgrades the stock and calls it one of the bank’s best ideas for 2018
JPMorgan upgraded Twitter to overweight from hold on Monday, boosting shares of the social media stock which have been on the comeback trail this fall. “We are upgrading TWTR shares to overweight with a $27 price target and it is one of our top smid-cap ideas in 2018,” wrote analyst […]
Twitter shares jump after JP Morgan upgrades the stock and calls it one of the bank’s best ideas for 2018
J.P. Morgan upgraded Twitter to overweight from hold on Monday, boosting shares of the social media stock, which have been staging a comeback this fall. “We are upgrading TWTR shares to overweight with a $27 price target,” analyst Doug Anmuth wrote in a note. He called it “one of our […]
Economic optimism soars, boosting Trump’s approval rating
American optimism on the economy is reaching new heights and President Donald Trump‘s approval ratings look to be benefiting, at least somewhat. The CNBC All-American Economic Survey found that for the first time in at least 11 years, more than half of respondents to the survey rated the economy as […]
Bitcoin futures launch on world’s largest futures exchange and are trading higher
CME, the world’s largest futures exchange, launched its own bitcoin futures contract Sunday under the ticker “BTC.” The futures moved just slightly higher in early trading following the highly-anticipated launch, a stark contrast from the 19 percent surge in CBOE bitcoin futures during their first day of trading a week […]