Finance

A veteran market researcher is out with a warning — saying the Federal Reserve is relying too heavily on economic surveys skewed by social media to mold their policies. According to Bianco Research President James Bianco, most economists mistakenly believe that leading indicators are signaling an “A+” economy that can withstand rising interest rates. “It’s
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Bitcoin is still a buy despite its continued losses, blockchain venture capitalist Spencer Bogart told CNBC. The digital currency’s increased number of use cases is proof that the popular form of money is being institutionalized. “Every major bank is trying to do something in the space,” Bogart, a partner at Blockchain Capital, told CNBC’s “Fast
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Still, for Tesla, a cursory glance at headlines in the past few weeks shows an exceptional growth in the division between Tesla optimists and pessimists. For example, Baird reiterated its outperform rating on Wednesday, predicting the Palo Alto, California-based automaker will make significant progress in its Model 3 output. The firm”s analyst, Ben Kallo, reaffirmed
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Lennar. Steve Grasso was a buyer of Alibaba. Karen Finerman was a buyer of Foot Locker. Dan Nathan was a buyer of Disney. Trader disclosure: On May 25, 2018, the following stocks and commodities mentioned or intended
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Scott McIntyre | Bloomberg | Getty Images A pedestrian passes in front of a Gap Inc. store in Miami Beach, Florida. Check out the companies making headlines after the bell: Gap shares plunged about 8 percent in extended trading. The clothing retailer, which owns brands like Banana Republic, Old Navy and Athleta, reported mixed first
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of MSCI Brazil ETF. Tim Seymour was a buyer of Halliburton. Brian Kelly was a buyer of Gold Miners ETF. Guy Adami was a buyer of Advanced Micro Devices. Trader disclosure: On May 23, 2018, the following stocks
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BP has invested $20 million in Israel’s StoreDot, a start-up that claims its batteries can charge electrics cars in five minutes. The oil giant said Tuesday that its venture capital arm BP Ventures was investing in the Tel Aviv-based firm as it looks to reduce greenhouse gas emissions in its operations. “Ultra-fast charging is at
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“The number one and two merchants we see in the Cash app are Walmart and McDonalds,” said Dorsey, who is also the CEO of Twitter. “This is everyday usage.” Nomura analyst Dan Dolev told CNBC the banking opportunity is “huge” for Square, and that likely isn’t priced to the stock. “Square could become a one-stop
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Nordstrom‘s stock plunged 7 percent in Friday’s premarket after the company reported disappointing quarterly sales growth. The Seattle-based retailer said same-store sales — a key metric for retail companies — rose 0.6 percent in the first quarter from the year-earlier period. Analysts polled by StreetAccount expected an increase of 1.1 percent. Atlantic Equities analyst Daniela
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