A new look and a new name. Billions are being spent to renovate shopping centers to tailor them to consumers’ changing tastes and shopping patterns. And these changes are going way beyond a fresh coat of paint and some new tenants. Often the malls’ very identity is changing, and the […]
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McDonald’s same-store sales climb as promotions lure customers in
McDonald’s reported better-than-expected sales at its established restaurants during the third quarter, as its promotions and fresh food offerings drew more customers in for a meal. McDonald’s national cold beverage value promotion, for example, offers soft drinks for $1, and its newest Signature Crafted sandwiches are priced between $5 and […]
The S&P just broke a remarkable streak that could signal the late innings for this bull market
The S&P 500 just posted a historic winning streak, but some market participants are predicting that the long-running bull market could be on its last legs. According to Ryan Detrick, senior market strategist at LPL Financial, the S&P 500 has now gone 242 trading sessions without a 3 percent pullback […]
China central bank chief raises new worry in China: Mortgage-driven household debt
China’s central bank chief just warned about a potential bubble in China: Rising household debt. “Regarding household debt levels, China doesn’t rank that high on a global scale, but the pace of growth has picked up in the last few years,” People’s Bank of China governor Zhou Xiaochuan said Thursday. […]
Cramer’s game plan: In the year’s biggest earnings week, don’t chase stocks
CNBC’s Jim Cramer is expecting big things for next week’s earnings reports. “We are coming in hot going into the biggest earnings week of the year, and the stakes have been ratcheted up so dramatically that we better get some darned good numbers from these companies,” the “Mad Money” host […]
Wells Fargo reportedly fires foreign exchange execs amid investigations
Wells Fargo fired four foreign-exchange executives amid an investigation into that business both internally and from regulators, The Wall Street Journal reported Friday, citing sources familiar with the matter. Wells Fargo confirmed the departures to the Journal and CNBC. Shares of Wells Fargo remained about 2 percent higher Friday afternoon. […]
By one measure, the Dow is the most overbought in 117 years, but that may not be a bad thing
As the Dow Jones industrial average climbs to all-time highs, eclipsing the 23,000 milestone, one indicator shows the index is seeing one of its most overbought conditions since 1900. The relative strength index, a classic momentum indicator in gauging whether a security is “overbought” or “oversold,” measures the speed and […]
Bitcoin just surged above $6,000, a record
Bitcoin surged 5 percent to a record high above $6,000 on Friday. The cryptocurrency traded at $6,003.81 as of 11:48 a.m. in New York, according to CoinDesk. Bitcoin notched its record after briefly plunging 8.7 percent Wednesday amid fears of greater scrutiny from U.S. regulators. Most of the cryptocurrency’s trading […]
Bitcoin surges above $6,000 for the first time on heavy trading volume
Bitcoin surged 5 percent to a record high above $6,000 on high trading volume Friday. The cryptocurrency hit a record high of $6,003.81 in late morning New York trading, according to CoinDesk. Bitcoin later pared some gains to trade around $5,905 by early afternoon. Twenty-four hour trading volume in U.S. […]
Apple’s recent weakness is just the ‘pause that refreshes,’ says one technical analyst
It’s hard out there for an Apple investor. The stock has been on a roller-coaster ride since unveiling its next generation products, as underwhelming reviews and weak demand for the iPhone 8 have sent shares tumbling. “Apple looks very, very sick. It’s rolling over and trading below its 50-day moving […]