Category Archives: Markets

The world’s eight richest people have same amount of money as half the world’s poor: Oxfam

Eight billionaires from around the globe are as rich as the 3.6 billion people who make up the poorest half of the world’s population, according to a report published by Oxfam on Monday. The report is timely as the global

‘I don’t see how you can’t be bullish in this environment’

With a healthy rally taking U.S. markets into 2017, it’s smart to be bullish on the new year’s opportunities, despite the potential for a pullback, technical analyst Katie Stockton told CNBC on Thursday. “I don’t see how you can’t be

This chart shows why one technical analyst is still a big bull

After a great 2016, 2017 will be another good year for stocks, according to Piper Jaffray senior technical research analyst Craig Johnson. “You can see after 2016 and 2015, you were in this kind of consolidation period, we finally broke

Dollar Rally Adds to Uncertainty as Fed Eyes 2017 Rate Hikes

The dollar’s appreciation may represent the U.S. economy’s biggest speed bump in 2017, and that could be good or bad, depending on whether President-elect Donald Trump follows through on measures aimed at accelerating growth. The Bloomberg Dollar Spot Index, which

First China-U.K. Freight Train Departs as Xi Seeks to Lift Trade

China initiated a rail-freight service to Britain as part of President Xi Jinping’s efforts to strengthen trade ties with Europe. The first train departed Yiwu in eastern Zhejiang province on Jan. 1 and will cover more than 12,000 kilometers (7,500

Biotech Deals Will Bounce Back in 2017

Biotech could really use the clean slate of a New Year. The Nasdaq Biotech Index collapsed 28 percent in the opening weeks of 2016 and never fully recovered, ending the year down about 22 percent. One of the culprits has

Hedge Funds Bet Oil Rally to Extend Into 2017 as Output Cuts Hit

Investors are showing no sign of turning their backs on oil heading into 2017. Money managers’ wagers on rising West Texas Intermediate crude prices are triple what they were at the end of 2015, and are the highest since the

Final reading on US Q3 gross domestic product was up 3.5% vs 3.2% prior estimate

The U.S. economy grew faster than initially thought in the third quarter, notching its best performance in two years, amid solid consumer spending and a jump in soybean exports. Gross domestic product increased at a 3.5 percent annual rate instead

Dow 20K is just the ‘tip of the iceberg’ for this bull market

Back in 1999 we were just coming upon the 10,000 level in the Dow Jones Index. The entire industry was in a bit of a frenzy, hats were worn, signs were made and the trading floors exploded with applause. The

Here’s the No. 1 reason the Dow is on the cusp of 20,000

The Dow Jones industrial average is on the verge of passing 20,000. The Dow crossed 10,000 in March 1999, but moved up above that level for the final time in mid-2010. That’s right. It took 10 years for the Dow