The number of Americans without health insurance increased by about 3.2 million in the first year of Donald Trump‘s presidency, which featured a series of efforts to undercut the Obamacare law, a new survey finds. A total of 12.2 percent of all adults now lack health insurance, an increase of […]
CNBC News
Cramer warns that a trade war with China represents the top three risks to the market
A possible trade war between China and the U.S. represents the biggest risk to the stock market’s record rally, CNBC’s Jim Cramer said Tuesday. Cramer was commenting on a Wall Street Journal report published Tuesday that looked at the potential consequences of a U.S.-China trade war. The report also said […]
Qualcomm’s fear of a takeover will force management to boost the stock, says Nomura
Qualcomm is likely to make aggressive moves to keep shareholders happy in the next two quarters while the company faces a possible hostile takeover attempt from Broadcom, research firm Nomura said Tuesday. The firm upgraded Qualcomm to a buy rating and rose its target price to $75 from $58. “We […]
Stock market peak still at least a year away, fund managers say in Bank of America survey
Professional investors are going all-in on the raging bull market, reducing cash allocations to the lowest level in five years and putting the most money in stocks in two years. As the market looks to continue its best-ever start to a year, respondents to the January Bank of America Merrill […]
Stocks making the biggest moves premarket: GE, UNH, PG, AN, DIS, WMT & more
Check out which companies are making headlines before the bell: General Electric – GE is taking a $6.2 billion charge following a comprehensive review of its legacy reinsurance business. About $15 billion will be contributed to reserves over the next seven years, funded by GE Capital. As a results, GE […]
Contraceptive app hit with complaints after being blamed for 37 unwanted pregnancies
Natural Cycles, a contraceptive app that became certified in the EU as a form of birth control, has been hit with a complaint after being blamed for causing 37 unwanted pregnancies, reports Swedish publication SVT. Södersjukhuset hospital in Stockholm reported the app to Swedish regulator MPA (the Medical Product Agency), […]
2018’s unbridled stock surge may signal the ‘overshoot’ phase of this bull market is underway
The fast start for stocks this year is hinting that the upside “overshoot” of this bull market might be underway. There’s no formal or objective definition of such a phase. It’s more about the tenor and rhythm of the market than a level or moment. An overshoot period riding on […]
Bitcoin dives below $12,000 to six-week low over crackdown fears
Bitcoin dipped to a six-week low Tuesday, as investors monitored warnings from regulators and reports of an escalated crackdown on the cryptocurrency market in China. Other major digital currencies including ethereum and ripple were also seen falling significantly. According to CoinMarketCap data, ethereum was trading at $1,051.83, down more than […]
Insurer UnitedHealth’s quarterly profit more than doubles
UnitedHealth, the largest U.S. health insurer, reported quarterly profit on Tuesday that more than doubled from a year earlier, driven by a one-time tax benefit. UnitedHealth, which sells employer-based insurance as well as Medicare and Medicaid, said net earnings attributable to shareholders rose to $3.62 billion, or $3.65 per share, […]
BlackRock’s message to Corporate America: Contribute to society, or risk losing our support
On Tuesday, the chief executives of the world’s largest public companies will be receiving a letter from one of the most influential investors in the world. And what it says is likely to cause a firestorm in the corner offices of companies everywhere and a debate over social responsibility that […]