General Electric said Monday it was cutting its dividend in half, a move that could cause many long-time shareholders in the 125 year-old conglomerate to flee, but also free up much needed capital to fund a turnaround for the one-time American bellwether. GE said it was cutting its quarterly payout […]
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The technician who called the crude rally says oil could easily test $60 per barrel next
Crude has been on a torrid streak, surging 35 percent from its 2017 low to its highest in more than 2 years. Now, a technician who called the initial rally says there’s even more room to run. With this week’s rally, oil is up almost 6 percent year to date. […]
Bitcoin briefly drops 15% in rocky weekend on controversy over the digital currency’s future
High volatility isn’t going away for bitcoin, raising questions about whether the digital currency can be a sustainable investment asset. Late Saturday, the crypto-currency plunged 15 percent from nearly $6,500 to a low of $5,507, before intermittently shooting back up to near $6,400, according to CoinDesk. Bitcoin last traded near […]
‘Justice League’ aims to break through $1 billion after a rocky start to DC’s comic franchise movies
Warner Bros. has a lot riding on the release of “Justice League” next weekend following a rocky start for several franchises and a flurry of reports that’s left fans uncertain about future films. Despite all this, analysts expect the superhero team-up movie to be a blockbuster. But better reviews, and […]
Researchers explain why trade school, not 4-year college, is a better way to solve the US income gap
Additional trade schools, and not four-year college degrees, may be a better bet for U.S. workers, according to new economic research. The amount of vocational training available relative to the size of a country’s manufacturing sector may reduce income inequality, and improve the fortunes of workers earning below the top […]
UK railway pension fund investing millions in music
Of the many alternative investments outside stocks and bonds that pension funds can buy, a few are putting retirement money into music copyrights. RPMI Railpen, the manager of one of the largest and oldest UK pension funds, is leading a $345 million investment in a fund rolled out Monday by […]
Bitcoin is giving this stock a huge boost
Bitcoin has defied gravity this year, and it’s taken one retail stock along with it. Shares of Overstock.com are on pace for their best year since 2004, largely due to the growing interest in cryptocurrencies, but some market participants are wary of the stock continuing its run. In January 2014, […]
Drugs, jail and video games tell the ‘tale of the lost male:’ Bank of America
Drugs, jail and video games have taken millennial men out of the workforce and they aren’t likely to return —a phenomenon dubbed “the tale of the lost male” by economists at Bank of America Merrill Lynch. A decline in the labor force participation rate since the financial crisis masks stark […]
Overstock shares may soar 60 percent if company sells retail biz to focus on bitcoin, analyst says
Shares of Overstock.com could soar more than 60 percent, according to the primary Wall Street analyst covering the e-commerce company. D.A. Davidson analyst Tom Forte is the only analyst listed on FactSet covering the stock, which has topped $1 billion in market value only in the last few weeks. Forte […]
Overstock shares may soar 60% if company sells retail biz to focus just on bitcoin, analyst says
Shares of Overstock.com could soar more than 60 percent, according to the primary Wall Street analyst covering the e-commerce company. D.A. Davidson analyst Tom Forte is the only analyst listed on FactSet covering the stock, which has only topped $1 billion in market value in the last few weeks. Forte […]