Despite being cast as avocado-toast-loving, travel-obsessed stereotypes who are also bad savers, millennials around the world have a significantly positive outlook on life, according to a new report. A Pew Research Center report published on Tuesday determined eight countries in which young adults between the age of 18 and 29 […]
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Oil-hungry China imported record levels of US crude in November
Chinese crude oil imports hit the second highest level on record last month, and U.S. oil producers are reaping the benefits. U.S. crude oil imports into China hit an all-time high in November, according to figures from ClipperData. The tanker-tracking firm reports that 289,000 barrels a day of U.S. crude […]
The bull and bear cases for exchange stocks ahead of bitcoin futures
The crypto craze has taken Wall Street by storm, and it’s giving a boost to two exchange stocks. The CME Group announced in late October its plans to launch bitcoin futures trading, which is now set to debut Dec. 18. The cryptocurrency hit a new high shortly after the announcement. […]
9 ways to build a side business without quitting your day job
Quitting your day job to pursue the entrepreneurial dream can be exhilarating — or terrifying. Fortunately, anyone can easily make extra money from a “side hustle” without losing the security of a steady paycheck. These millionaires and members of The Oracles give practical advice on turning your side hustle into […]
Nvidia is up 80% this year, and chart points to another 30% gain, says technician
After surging for most of the year, Nvidia has fallen around 9 percent from its all-time highs. One technician says the dip has created an optimal buying opportunity. Todd Gordon, founder of TradingAnalysis.com, said the technology company’s stock is in for a big that could take it into uncharted territory. […]
Team Trump’s plan to save coal and nuclear plants is likely to fall short
The Trump administration has a plan to keep coal and nuclear power plants running, but analysts are skeptical it will do enough to prevent more of the facilities from closing down. Energy Secretary Rick Perry has proposed subsidizing coal-fired plants and nuclear power stations to compensate them for the reliable […]
‘Bitcoin crash’ among significant market risks in 2018, says Deutsche Bank
The bitcoin craze could pose a real risk to the broader market next year, according to Deutsche Bank. Torsten Slok, the firm’s chief international economist, sent to clients a list of significant risks to the market in 2018. Included on that list: A crash in the price of bitcoin, higher […]
Emerging markets just broke through ‘unbelievably strong support,’ technician says
Even as emerging market equities have posted a banner year in 2017, some portfolio managers and technical strategists are concerned about troubles developing in the near term. One large emerging markets exchange-traded fund, the EEM, was on pace for its second straight week of declines despite catching a bid in […]
A massive short squeeze in Shake Shack is sending shares soaring
Wall Street loves to hate Shake Shack. Shares of the burger chain have soared more than 35 percent in the last three months. Despite the rally, it’s still one of the most heavily shorted stocks in the market. According to FactSet data, Shake Shack short interest comes in at 48 […]
Biotech Sage Therapeutics skyrockets more than 70% after depression drug breakthrough
Shares of Sage Therapeutics soared 75 percent on Thursday after the company announced positive results in the testing a major depressive disorder (MDD) treatment. Sage said in a release that 64 percent of patients achieved MDD remission using the SAGE-217 drug in the 15th day of treatment. This is the […]