Oil prices closed in on the highest level in six months as a conflict in Iraq spilled over into one of the nation’s key crude-producing hubs. Iraqi forces on Sunday launched a campaign to retake control of the area surrounding Kirkuk, an ethnically diverse area controlled by the semiautonomous Iraqi […]
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The charts are pointing to a big breakout for one FANG stock: Technician
Tech has been on a tear this year, and closely watched chart analyst Carter Worth is eyeing one name for an even bigger breakout: Facebook. Facebook along with Apple, Alphabet, Microsoft and Amazon are the top five stocks in the S&P 500 by market cap. Despite the Nasdaq 100 ETF, […]
An unusual trend between gold and bonds could be about to break ‘violently,’ Dennis Gartman warns
The relationship between gold and bonds could be on the verge of going bust. Dennis Gartman, the man dubbed the “Commodities King” by investors, is tracking an unusual trend showing gold and bonds moving in the same direction over the past several years. He predicted it can’t last because gold […]
Understanding the difference between the IMF and World Bank
Win McNamee | Getty Images An employee walks outside the World Bank headquarters in Washington, United States. Experts say the roles of both institutions have shifted since their inception at Bretton Woods more than 70 years ago. “The IMF is heavily involved in fighting crises around the world,” Steil said. […]
Cramer: If you want to own tech and sleep at night, buy Texas Instruments
With the semiconductor space on fire, up 35 percent for 2017 according to the Philadelphia semiconductor index, CNBC’s Jim Cramer understands investors’ desire to own chip stocks. “At the moment, it feels like even a monkey with a dartboard could make a killing in the semis. That’s how strong they’ve […]
Cramer’s game plan: A pivotal earnings week
For CNBC’s Jim Cramer, the stock market’s major averages routinely hitting record highs is anything but humdrum. “But as much as I love it when stocks go higher, I recognize that the market can only go up as much the earnings let it, and next week we get a parade […]
These charts show how quickly bitcoin is growing
As bitcoin soars to all-time highs, the pace of gains is rapidly picking up speed. For example, it took well over 1,000 days for each leg of bitcoin’s climb from a few cents to $1,000, and from $1,000 to $2,000. But since bitcoin topped $2,000 for the first time this […]
Trader bets $50 million on a tech sell-off
Tech has been on a tear, hitting another all-time high on Friday, but one trader is betting more than $50 million that the rally could be coming to an end over the next twelve months. Apple, Facebook, Amazon, Microsoft and Alphabet make up 40 percent of the Nasdaq 100 ETF […]
PG&E shares plunge on concern its power lines may have started California wildfires
Shares of electric utility company PG&E plunged 8.3 percent Friday on concerns its power lines may have started the massive wildfires that have ravaged California recently. The stock was also on track for its worst day since September 2010. The California Public Utilities Commission sent a letter on Thursday to […]
Netflix stock surges past $200 for first time
Netflix shares hit an all-time high Friday, briefly passing through $200 for the first time ever, an incredible milestone for a video streaming company upending the traditional media industry. The catalyst for the most recent surge was multiple top analysts on Wall Street raising their price forecasts for the company […]