Additional trade schools, and not four-year college degrees, may be a better bet for U.S. workers, according to new economic research. The amount of vocational training available relative to the size of a country’s manufacturing sector may reduce income inequality, and improve the fortunes of workers earning below the top […]
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UK railway pension fund investing millions in music
Of the many alternative investments outside stocks and bonds that pension funds can buy, a few are putting retirement money into music copyrights. RPMI Railpen, the manager of one of the largest and oldest UK pension funds, is leading a $345 million investment in a fund rolled out Monday by […]
Bitcoin is giving this stock a huge boost
Bitcoin has defied gravity this year, and it’s taken one retail stock along with it. Shares of Overstock.com are on pace for their best year since 2004, largely due to the growing interest in cryptocurrencies, but some market participants are wary of the stock continuing its run. In January 2014, […]
Drugs, jail and video games tell the ‘tale of the lost male:’ Bank of America
Drugs, jail and video games have taken millennial men out of the workforce and they aren’t likely to return —a phenomenon dubbed “the tale of the lost male” by economists at Bank of America Merrill Lynch. A decline in the labor force participation rate since the financial crisis masks stark […]
Overstock shares may soar 60 percent if company sells retail biz to focus on bitcoin, analyst says
Shares of Overstock.com could soar more than 60 percent, according to the primary Wall Street analyst covering the e-commerce company. D.A. Davidson analyst Tom Forte is the only analyst listed on FactSet covering the stock, which has topped $1 billion in market value only in the last few weeks. Forte […]
Overstock shares may soar 60% if company sells retail biz to focus just on bitcoin, analyst says
Shares of Overstock.com could soar more than 60 percent, according to the primary Wall Street analyst covering the e-commerce company. D.A. Davidson analyst Tom Forte is the only analyst listed on FactSet covering the stock, which has only topped $1 billion in market value in the last few weeks. Forte […]
Gold just dropped in sudden move lower
Gold futures dropped suddenly, losing almost 1 percent of their value in about 15 minutes. Trading volume also picked up during the selling activity. Gold futures for December delivery were down 0.9 percent as of 11:52 am in New York after stabilizing following the sudden decline. It was not immediately […]
Traders bet on Cisco and against Best Buy ahead of earnings next week
Next week key technology and retail names are set to release earnings, and traders are making big bets ahead of those reports. In keeping with the recent market trends, they are betting that Cisco moves higher after earnings, while retailer Best Buy will trade down. This week bullish investors bought […]
Bitcoin drops from record after upgrade called off, but offshoot ‘bitcoin cash’ surges more than 20%
Bitcoin fell Friday to its lowest since Nov. 1 as traders bet on its offshoot, bitcoin cash, instead. The offshoot digital currency surged more than 20 percent to its highest since Aug. 20, according to CoinMarketCap. Bitcoin cash split off from the original version of bitcoin in August as a […]
A central bank stock boom in Asia that’s reached its highest level in 25 years
This year has been one of the best years for the stock market in history — and it’s not just U.S. stocks that have been rising. Equities around the world have been on a tear. One of the markets that’s been doing particularly well is Japan, where stocks have seen […]