Bitcoin broke above the $12,000 mark Wednesday morning Asia-time, as the cryptocurrency continued its march higher. As of 10:41 a.m. SIN/HK, the digital token was selling for $12,123.98, according to industry site CoinDesk. The asset began 2017 at less than $1,000 per token, but it has been on an absolute […]
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Stocks are still in for bumpy times, but Santa could save the day
Stocks could see more bumpy trading ahead, after the S&P 500 and Nasdaq each suffered their first three-day string of losses since August. But the seasonal tailwinds of December could take over and send stocks higher after more rocky trading, technicians and strategists say. “When you have a reversal like […]
CEOs don’t expect to hire more, even as they expect sales to grow
Optimism abounds in the most recent measure of how CEOs view the economy, according to the Business Roundtable. Despite the cheery outlook, more business leaders now see labor as the greatest cost facing their companies. This is the first time in 24 quarters that CEOs identified labor costs, rather than […]
3 books Tim Ferriss says he regularly gives as gifts
As a New York Times bestselling author and entrepreneur, Tim Ferriss is known for inspiring and motivating people to succeed. His latest book, “Tribe of Mentors” provides readers with quick advice from some of the most successful people in the world, including Arianna Huffington, Marc Benioff and Maria Sharapova. His […]
The big bank breakout may have more room to run
Bank stocks have been breaking out, and one chart-minded analyst sees more room to run. The financial sector has rallied more than 4 percent in the last week to more than 10-year highs, and Ari Wald of Oppenheimer sees continued upside for the group. “I think the strength that we’re […]
5 ways to become a master negotiator
Life is a series of negotiations, be it buying a car, asking for a raise, or entering a collaborative business partnership. Five members of The Oracles share the persuasion strategies that helped them handle higher stakes and close monster deals. I’ve negotiated my whole life. When I was 22, I […]
Goldman Sachs: Don’t sell yet, but time is running out on ‘Goldilocks’
Goldman Sachs remains pro-risk in equities, but the investment bank’s top strategists say “time is running out for Goldilocks.” An economy growing at just the right speed to support stock prices, but not trigger inflation will soon end as consumer prices and rates start creeping higher next year, according to […]
Despite healthy performance, be careful with small caps in 2018: Jefferies
Investors need to be careful on small-cap names heading into 2018 despite better-than-expected performance this year, according to Jefferies. Though strategist Steven DeSanctis admits he was “way too conservative” with his 1410 Russell 2000 target, he isn’t necessarily changing his wary views. “We see another year of low returns for […]
Disney and Fox are closing in on deal, could be announced next week: Sources
Walt Disney Co. and 21st Century Fox are closing in on a deal and it could come as soon as next week, according to sources familiar with the matter. CNBC has been reporting that Disney has held talks with the Rupert Murdoch-controlled media company to acquire its studio and television […]
Now New Yorkers can get a new Mercedes-Benz for 47 cents (a minute)
In a push to capitalize on its fastest growing North American market, Daimler-owned car-sharing service car2go just added Mercedes-Benz CLAs to its New York City fleet. Twenty new CLAs are joining car2go’s tiny 550 smart fourtwo vehicles in the Big Apple, its second-largest market. Car2go grew by 70 percent year […]