General Electric is not only the Dow’s oldest component but also its biggest laggard this year. That could be about to change, however, thanks to what Craig Johnson is seeing in the charts. According to the Piper Jaffray technical analyst, General Electric is retesting its 2015 lows at around $23, […]
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Bond yields fall suddenly on report Powell in lead to be Fed chief
Bond yields fell suddenly late in the trading session on a report Federal Reserve Governor Jerome Powell is the front runner to succeed Janet Yellen as next Fed Chairman. Politico reported late Thursday afternoon that President Donald Trump was favoring Powell among a handful of candidates he has recently vetted. […]
You should live in these 10 U.S. cities if you want to be happier
If you feel unhappy, longevity expert and National Geographic Fellow Dan Buettner tells CNBC Make It you should “follow your bliss, not your material desires.” New research published by National Geographic on Wednesday revealed the top American cities where people are “living their best lives,” based on a study of […]
New engines, infotainment bugs hurting auto reliability
New and more advanced transmissions as well as more complex infotainment systems are hurting the reliability of cars and trucks. That is the conclusion of the Consumer Reports annual auto reliability survey. “It is really the new technology that is being added to the new vehicles that has really been […]
Gas prices: Why you’ll keep paying less at the pump this year
You’ll probably keep paying less for gasoline despite new tensions in the Middle East driving up the price of oil. American drivers have paid lower prices at the pump for five straight weeks, and the cost of filling up could soon slide back to levels last seen before Hurricanes Harvey […]
The dark side of winning the Amazon headquarters
Head coaches have set aside rivalries and one city offered to change its name. Others are taking the more traditional approaches of promising huge tax windfalls and new state-of-the-art transit systems. But history shows luring Amazon‘s second headquarters may not be a slam dunk for the victorious city. The deadline […]
US clout in world oil market grows as industry exports increase
For two separate weeks recently, the U.S. exported as much oil onto the world market each day as was being pumped in either Nigeria or Venezuela and by several other OPEC countries together. Those roughly 1.9 million barrels a day are not a minor splash for the global oil market, […]
Three decades later, watching for signs of another ’87-style market cataclysm
The 30th anniversary of the 1987 crash is a perfect occasion to take in the vivid accounts of a headlong bull market skidding violently off course. “The bull is dead,” a senior trader at the old Shearson Lehman told a reporter. “I’ve been in the business 33 years and it’s […]
Chipotle is at a ‘key juncture’ that shows the worst could be over soon: Strategist
Chipotle fell more than 2 percent on Wednesday following a downgrade from Bank of America, but the charts are suggesting that there might actually be a reprieve for the beaten-down stock. “[Chipotle stock] is starting to form a base down at the $300 level,” Matt Maley, equity strategist at Miller […]
Wall Street veterans are trickling into digital asset management
The author of an investment newsletter said Wednesday he will help a major digital assets fund open its New York office at the beginning of November. The announcement follows news in September that former Fortress hedge fund manager Michael Novogratz plans to launch a similar $500 million fund. Paul Brodsky […]