Walt Disney Co. and 21st Century Fox are closing in on a deal and it could come as soon as next week, according to sources familiar with the matter. CNBC has been reporting that Disney has held talks with the Rupert Murdoch-controlled media company to acquire its studio and television […]
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Now New Yorkers can get a new Mercedes-Benz for 47 cents (a minute)
In a push to capitalize on its fastest growing North American market, Daimler-owned car-sharing service car2go just added Mercedes-Benz CLAs to its New York City fleet. Twenty new CLAs are joining car2go’s tiny 550 smart fourtwo vehicles in the Big Apple, its second-largest market. Car2go grew by 70 percent year […]
Tax bill is reshaping this bull market for the better — it’s not just tech
Move over “FANG.” The next leg up for the bull market could be driven by a whole new group of market leaders, fueled by tax law changes. Technology stocks took a hit Monday and have come under pressure lately, as investors game the anticipated reshaping of the tax law once […]
Tax bill is reshaping this bull market for the better — and not just for tech
Move over “FANG.” The next leg up for the bull market could be driven by a whole new group of market leaders, fueled by tax law changes. Technology stocks took a hit Monday and have come under pressure lately, as investors game the anticipated reshaping of the tax law once […]
Trader tries a clever way to cash in on the bitcoin boom
Suddenly everyone is going crazy for crypto, and as bitcoin futures are becoming a reality, one trader has a way to cash in on the action. Bitcoin has been on a tear this year, surging at least 1,000 percent in 2017. As the cryptocurrency gained even more attention from investors […]
SEC steps up scrutiny of digital coin sales with order to freeze ‘PlexCoin’ founders’ assets
The U.S. Securities and Exchange Commission is getting tougher on token sales. The agency said Monday it has obtained an emergency court order to freeze the assets of two individuals and a company to “halt a fast-moving Initial Coin Offering (ICO) fraud.” PlexCorps raised up to $15 million from thousands […]
Home Depot and these other Dow stocks are the best bets for December, history shows
Buying Home Depot, General Electric, Nike and Goldman Sachs in December has been a good trade, history shows. Home Depot‘s stock averages a return of 4.89 percent in the final month of the year — the best out of any Dow Jones industrial average component — and trades positive 67 […]
One for you, one for me: Holiday shoppers are spending more on themselves this year
If she really wants it, she’ll buy it for herself. In the wake of the onset of the holiday shopping season, and a strong one at that, NPD Group analyst Marshal Cohen said he’s noticed more shoppers picking up items for themselves, especially when compared to past years. A recent […]
Amazon’s amazing run is headed for trouble, technical strategist says
Shares of Amazon have been under pressure, and the charts are pointing to more downside, according to one technical strategist. The stock posted its first negative week after five-straight weeks of gains, its longest winning streak since March. Despite the impressive streak, Amazon is showing signs of short-term exhaustion around […]
Investors face tough choice as instinct to ‘take profits’ clashes with December’s history of gains
It’s the time of year, and that moment in a bull market, when investors start wondering whether to lock in some gains or let them ride. I know firsthand of one financial advisor email saying, “Your portfolio is up nicely this year and the market’s appreciation has made the asset […]