More traditional money managers are worried about bitcoin than ever before. The soaring digital currency topped the list of “most crowded trades” — a measure of sentiment on which a popular investment could quickly reverse its gains — in Bank of America Merrill Lynch’s December global fund manager survey released […]
CNBC
Trump’s ‘America first’ tax bill has incentive for companies to invest overseas
The new tax bill was supposed to put America first as a destination for manufacturing, but one unintended consequence of the legislation means some U.S. multinationals may see an advantage in adding facilities in foreign countries. But the tax law changes, on balance, are so much more beneficial to U.S.-based […]
Tax bill includes an incentive for US companies to invest in foreign manufacturing
The new tax bill was supposed to put America first as a destination for manufacturing, but one unintended consequence of the bill means some U.S. multinationals may see an advantage in adding facilities in foreign countries. But the tax law changes, on balance, are so much more beneficial to U.S.-based […]
Holiday spending on track to be highest in at least 12 years: CNBC survey
Buoyant American attitudes on the economy look set to show up in plentiful, record-setting holiday spending this season. The CNBC All-America Survey found that average holiday spending intentions will top $900 for the first time in the 12-year history of the poll, eclipsing last year’s estimate of $702 by a […]
The ‘bond vigilantes’ may seize power in 2018 as worldwide debt swells
Bond vigilantes are poised to wrest back power in 2018. For the first time in four years, the U.S., Japanese, euro zone and UK governments will together issue more net debt than their central banks will buy. That gives investors a welcome chance to hold profligates to account. But markets […]
US shale oil drillers set to kick off the new year with big production gains
America’s shale drillers are poised to ring in the new year with strong growth in the U.S. oil patch, according to the latest forecast from the Department of Energy. Crude oil production from seven major shale regions is set to grow by 94,000 barrels a day in January, the department’s […]
Shares of Warren Buffett’s Berkshire Hathaway hit $300,000 — each — for the first time
One “A” share of Warren Buffett’s Berkshire Hathaway will set you back about $300,000 as of Monday. The conglomerate’s most expensive share class touched that milestone for the first time in the morning. It has outperformed the S&P 500 this year — rising more than 22 percent versus the index’s […]
Dow rises 5,000 points in a year for the first time ever
The Dow Jones industrial average just did something it has never done in its 121-year history. The 30-stock average is now up more than 5,000 points in a year, marking its biggest annual-points gain ever. This following a 200-point rally Monday which sent it to an all-time high. The Dow, […]
Bill Miller’s hedge fund has half its money in bitcoin
A hedge fund run by legendary investor Bill Miller is now half invested in bitcoin. “It’s just about 50 percent right now,” Miller said regarding his MVP 1 fund on the WealthTrack podcast with Consuelo Mack released last week. Miller founded Miller Value Partners in 2016 after a 35-year career […]
Goldman expects another calm and rising market next year and has a strategy to capitalize on it
Goldman Sachs predicts the calm markets will continue next year and found the stocks that thrive in a low-volatility environment. The firm recommends a strategy based on a ratio from a Nobel Prize–winning economist. “Low volatility across asset classes has been a defining characteristic of 2017. For equities, realized volatility […]