Bitcoin prices recovered to reach a record high on Tuesday as investors in the space shrugged off news that another cryptocurrency was hacked. Bitcoin hit $8,362.30 earlier in the day, an all-time high. It traded 0.9 percent higher at $8,316.63 at 12:55 p.m. New York time, according to CoinDesk. But […]
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Nintendo Switch, yoga pants and smaller brands set to win the holidays
The Nintendo Switch gaming console, yoga pants, gold accessories and Sherpa hoodies are some of Cowen & Co.’s favorite holiday gifts this season. The firm also thinks 2017 is a time for smaller brands, such as men’s shirt maker Untuckit, athletic apparel brand Outdoor Voices, and mattress retailer Casper, to […]
Boeing shares to rally to new record on ‘robust demand’ for aircraft: Jefferies
“Robust demand” for Boeing’s commercial aircraft presents a compelling investment opportunity, according to Jefferies analysis. A persistent pileup of commercial jet orders will lead Boeing to grow deliveries 6 percent annually through the next ten years, according to Jefferies’ Sheila Kahyaoglu. The analyst reiterated her buy rating and bumped her […]
Chip maker Micron, up almost 120% this year, has way more room to run, technician says
Chip stocks have been on fire this year, and one technician says the hottest name in the group is showing no signs of cooling off. Micron is the best-performing technology stock this year, up nearly 120 percent, and according to Rich Ross of Evercore ISI, the stock has could rally […]
The debt time bomb that keeps growing and now equals nearly half of US GDP
Corporate debt is at its highest level relative to U.S. GDP since the financial crisis , and while not now a concern, that mountain of corporate IOUs could quickly turn into a heap of worry under the right circumstances. Fueled by low interest rates and strong investor appetite, debt of […]
Uber has an idea to keep you from getting sick when you read in self-driving cars
As anyone with a long commute knows, motion sickness can be a major deterrent to reading during a car ride. Ride-hailing company Uber has an idea to address this frustrating problem, according to a patent application published this month. And it’s not about protecting the upholstery. It works with self-driving […]
A classic tell for the market is trading right above a key level
I’ve been taking notice of the Dow transports in recent sessions, as the index lagged the broader market on Friday but managed to hold just above key support. Here’s why I’m watching the group, and particularly airline stocks. The 200-day moving average has proved solid support for the Dow Jones […]
This housing stock is surging, but now is the time to ‘take your money and run,’ says technician
The homebuilders have been soaring this year, but one technician says there could be trouble ahead for one surging name: D.R. Horton. The company has been on a tear, jumping 77 percent in 2017 and hitting another all-time high on Monday. The homebuilder is the largest component in the ITB, […]
Money gets American students to try harder, economists found
American high school students score higher on low-stakes tests and are more willing to answer test questions when they are motivated by cash, according to new economic research. Giving high school-aged students money as a reward for performing well improved scores by roughly 5 percent, according to economists at the […]
American students try harder if you pay them, economists found
American high school students score higher on low-stakes tests and are more willing to answer test questions when they are motivated by cash, according to new economic research. Giving high school-aged students money as a reward for performing well improved scores by roughly 5 percent, according to economists at the […]