Patrick Fallon | Bloomberg | Getty Images Attendees visit the Activision Blizzard Inc. display at the E3 Expo in Los Angeles, California, U.S., on Tuesday, June 5, 2012. Activision Blizzard shares moved down 1 percent in after-hours trading on Monday after the company said that it has informed its chief financial officer, Spencer Neumann, that
Month: December 2018
Moreover, there’s not a single strategist of the major Wall Street firms who thinks the market will finish 2019 lower than it started. And even the Fed issues could fade from view. Current futures pricing anticipates zero rate hikes, and the central bank historically has been loathe to surprise the market, even though Fed officials
Matt Cardy | Getty Images News | Getty Images Contestants in the men’s race chase a Double Gloucester Cheese down the steep gradient of Cooper’s Hill during the annual tradition of cheese-rolling in Brockworth, Gloucestershire, England. This volatile market year was full of historical milestones and the end of the year will be no different
Xinhua News Agency | Getty Images Traders work at the New York Stock Exchange in New York, the United States. Buy the S&P 500 at the close every day and sell it at the next open. Sounds wacky? You could have outperformed the market by 20 percent. According to Bespoke Investment Group, if one had
Advanced Micro Devices ripped higher by more than 85 percent until mid-September, peaking at $34.14 a share. AMD was riding high on gains in the computer chip market until the company gave a weaker-than-expected outlook for the fourth quarter of this year. TripAdvisor and Red Hat were the only two 2018 winners to also buck
During the November rout, FAANG stocks lost a combined $1 trillion in value, with Facebook, Apple and Amazon taking the bulk of the hit. The free fall led some, like Bleakley Advisory Group’s Peter Boockvar, to declare the FAANG trade “dead.” “Each of these stocks, going forward, are going to trade on their own footing
Saving more for retirement is a common New Year’s resolution. This year, the pledge comes in at the number five resolution in Principal Financial Group’s annual survey of 1,008 American consumers wishes for next year, with 21 percent of respondents stating a desire to sock away more for their golden years. “The new year is
However, the next prizewinner might not easily shield their identity. Only a handful of states allow you to claim lottery wins anonymously. In some states, you might be able to collect your windfall via a trust or other legal entity to keep your name out of the public eye. In others, it’s unavoidable. While the
Bess Adler | Bloomberg | Getty Images Ken Frazier, chairman and chief executive officer of Merck & Co., speaks during an Economic Club of New York event in New York, U.S. on Wednesday, Oct. 3, 2018. 2018 may have been the worst year for the Dow Jones Industrial Average in a decade, but Merck managed
Looking back on a tumultuous year where the majority of asset classes were deep in the red, cocoa futures turned out to be one sweet spot. In fact, a look at the top year-to-date performers among major futures markets reveals that cocoa has returned a whopping 28 percent this year. (The only trade that did
The tie-in isn’t too surprising for some resolutions. Exercising more, for example, easily goes hand in hand with outlays for gym memberships, classes and fitness gear. But Quicken also found that spending is common among people making financial resolutions such as paying down debt or saving money. Among those making financial resolutions, 51 percent said
Jack Bogle, founder of index fund giant Vanguard Group, is warning investors to prepare for 2019 by decreasing exposure to stocks and increasing investment in defensive strategies, such as fixed income securities like bonds. “Trees don’t grow to the sky, and I see clouds on the horizon. I don’t know if and when they’ll arrive.
The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw recommends a call spread in Disney. Carter Worth recommends the Russell 2000 small-cap ETF. Brian Kelly recommends shorting the U.S. Dollar. Trader disclosure: Brian Kelly is long AMD, CBOE, CME, GCAP, GS, HIVE, IBM, MCB, MSFT, MU, NVDA, OSTK,
(Dec 31): The Domestic Trade and Consumer Affairs Ministry has asked fast-food chains KFC and McDonald’s to explain the price hikes of their food items recently. Deputy enforcement director Iskandar Halim Sulaiman told Malaysiakini that the operators of the two fast-food chains have until Jan 5 to submit their reports. “We issued them the notices
PUTRAJAYA (Dec 31): The moratorium on bauxite mining and export activities in Pahang, which expired today, has been extended till March 31, next year. According to a statement by the Ministry of Water, Land and Natural Resources, the agreement was reached between its Minister Dr Xavier Jayakumar and Pahang Menteri Besar Datuk Seri Wan Rosdy
SEREMBAN (Dec 31): Motorists have been advised not to worry as the supply of petrol and diesel throughout the country is adequate after inspection on 1,757 petrol stations as at yesterday found fuel supply will not dry up. The Domestic Trade and Consumer Affairs Ministry (KPDNHEP) Enforcement Division Supply Price Section head in Putrajaya, Abd
Semiconductor stocks outperformed the broader market last week with the SMH, which tracks the sector’s biggest names, posting a more than 4 percent gain. But that only tells half the story. The ETF is currently down more than 18 percent since early October, and is on pace to post its worst quarter in a decade
Earnings 2019: Up, flat, or down? What happens to markets in 2019? It depends on your outlook on earnings. Fourth-quarter earnings have much less weight than usual, since everyone is concerned that the estimates for 2019 (currently 8 percent earnings growth) are too high and will be coming down. Seventeen companies have reported earnings for
Check out the companies making headlines before the bell: Amazon.com – Amazon is planning a significant expansion of its Whole Foods grocery stores, according to The Wall Street Journal. The paper said Amazon is scouting new locations in more suburbs, and in areas where Whole Foods is already growing in popularity. Deutsche Bank – Deutsche
KUALA LUMPUR (Dec 31): Yinson Holdings Bhd said its Vietnam associate PTSC Asia Pacific Pte Ltd (PTSC AP) has entered into an addendum to the bareboat charter interim contract with Petrovietnam Technical Services Corp (PTSC) to extend the tenure for a further six months commencing Jan 1 to June 30, 2019. In a filing with
Activity inChina’s manufacturing sector contracted for the first time in more than two years in the month of December amid a domestic economic slowdown and Beijing’s ongoing trade dispute with the U.S. The Chinese National Bureau of Statistics said on Monday official manufacturing Purchasing Managers’ Index (PMI) was 49.4 — lower than the 49.9 analysts
Investor Peter Boockvar believes the stock market’s wild swings are evidence of a bear market. Boockvar recently told CNBC that the recent monster rallies do not signal the bulls are back. He noted bull market moves are more methodical. “We are in a bear market, and a bear market is not just going to end
In recent years, Mediterranean and Asia Pacific flavors have become more mainstream, with diners indulging in the Hawaiian dish poke and falafel rice bowls at restaurants like Cava. However, in 2019 you’ll likely see more of a North African and Middle Eastern influence. Harissa, a Tunisian hot chili pepper paste, is already enticing diners in
When Kevin Zraly first started studying wines almost 50 years ago, it wasn’t the most popular alcoholic beverage in the U.S. “People looked at me like I was nuts studying wines,” Zraly said. “All my friends were drinking beer.” At 21, Zraly hitchhiked to California to get exposure to the wines there. And after graduating
KUALA LUMPUR/MUMBAI (Dec 30): If you lost money on emerging Asian bonds and currencies this year, be warned: the first half 2019 may see more of the same. In what could be an unwelcome replay, risk assets are likely to remain at the mercy of the US-China trade war, a messy Brexit and rising US
While many New Yorkers are dreading the day Amazon moves into its new “headquarters” in the Long Island City neighborhood of Queens and crowds the subway with 25,000 new workers, there’s one group of people welcoming the company with open arms: Executives at other tech firms. It may seem counter-intuitive that smaller tech companies are
KUALA TERENGGANU (Dec 30): The Terengganu state government is still waiting for the remaining RM250 million in oil royalty payment which has yet to be settled by the federal government for this year. Menteri Besar Dr Ahmad Samsuri Mokhtar said it was the responsibility of the federal government to review the comprehensive amount which should
KUALA LUMPUR (Dec 30): All political parties and politicians, including Member of Parliaments (MPs) of the 13th Parliament, should return to public coffers any funding and donations they had received from the 1Malaysia Development Bhd (1MDB) scandal, says DAP lawmaker Lim Kit Siang. Kit Siang, who is MP for Iskandar Puteri, pointed out that the
As the streaming video wars heat up, technology companies like Apple, Facebook, Netflix and Amazon are willing to spend billions of dollars on movies and shows that they hope will attract big audiences. On the other side of the market, smaller niche services are testing out a more cost-sensitive model. Dust, from independent studio Gunpowder
Historic swings in stocks this month have shaken many a bull’s faith in the market. Not entirely so for Raymond James’ chief investment strategist Jeffrey Saut, who sees years left in this bull market. But that prediction comes with a caveat. “Longer term secular bull markets tend to last 15, 16, 17 years — the
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