The Trump Interior Department on Thursday announced plans to offer blocks in the Arctic, Atlantic and Pacific oceans for oil and gas exploration in an ambitious new five-year offshore lease plan. Interior Secretary Ryan Zinke said the proposal for offshore leasing between 2019 and 2024 would offer about 90 percent […]
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Trump aims to open nearly all federal waters to offshore drilling in biggest lease sale ever
The Trump Interior Department announced Thursday plans to offer blocks in the Arctic, Atlantic and Pacific oceans for oil and gas exploration in an ambitious new five-year offshore lease plan. Interior Secretary Ryan Zinke said the draft proposal for offshore leasing between 2019 and 2024 would offer about 90 percent […]
Investor who called last two major market crashes says bitcoin is a bubble
Noted investor Jeremy Grantham, who called the last two major market bubbles, said bitcoin is a bubble that may crash soon. “This is a true, crazy mini-bubble of its own I expect,” Grantham, co-founder of Boston-based investment management firm GMO, said in a Wednesday letter to clients. “Historical analogy suggests […]
Domino’s Pizza remains ‘one of the best’ retail stories, Credit Suisse upgrades
Domino’s Pizza remains “one of the best” stories in food retail and should remain a key player in delivery, according to one Wall Street bank. Shares of the world’s second-largest pizza chain jumped 3.5 percent Thursday after Credit Suisse upgraded its rating on the company’s stock, telling investors that the […]
Snap shares fall after Cowen downgrades, predicts 30% slide
Snap shares fell 3 percent Thursday after a Wall Street investment firm found that ad buyers ranked the company lowest relative to other social media networks. Cowen lowered its rating for the photo messenger’s shares to underperform from market perform, predicting a 30 percent decline in stock price over the […]
One stock analyst’s $10 trillion bull case for cryptocurrencies
Cryptocurrencies and the blockchain technology underlying them could become a $10 trillion market in 15 years, RBC Capital Markets analyst Mitch Steves says. That’s more than 13 times larger than the roughly $730 billion value of cryptocurrencies today, according to CoinMarketCap. “By utilizing decentralized computing and opensource software, we see […]
Cold weather burst could lift shares of Domino’s Pizza and North Face maker, history shows
Cold weather may be unbearable for some people, but it usually means more money for investors in Netflix and North Face maker VF Corp. CNBC analysis using Kensho found that Netflix and VF Corp. shares have averaged a gain of 35 percent and 7 percent, respectively, between Nov. 30 and […]
Netflix starts 2018 off with a bang—and one technician sees the stock surging even higher
Netflix is starting the year off with a bang, rallying 7 percent this week, and one market watcher sees double-digit gains ahead. From a technical perspective, Netflix is poised to rally about 12 percent from current levels, said Craig Johnson, chief market technician at Piper Jaffray. He pointed to bullish […]
We’ll find out whether Trump is actually tough on trade this month
The Trump Administration is staring down a half-dozen deadlines on trade policy that will create a moment of truth for the White House, which has so far opted for long-term investigations and renegotiations over immediate challenges to the status quo. January could change that. The month is book-ended by contentious […]
Intel’s the worst performing Dow stock Wednesday, but technician says buy the dip
Shares of Intel fell 2 percent on Wednesday following reports that a security bug was present in the chip maker’s processors. According to one technician, who has been bullish Intel, the move presents the perfect opportunity for investors to buy the chip dip. “Shares are still above rising 50 and […]