Byron Wien Olivia Michael | CNBC The stock market’s rally may be far from over as low interest rates keep valuations in an attractive place, according to Wall Street legend Byron Wien. “People complain that the market is overvalued but … with these interest rates, the market is really below fair value,” Wien, vice chairman
0 Comments
Flextronics International Apple factory employees work on Apple Mac Pro computer assembly in Austin, TX, November 20, 2019. Tom Brenner | Reuters Economists are boosting their fourth quarter growth forecasts after the trade deficit narrowed and business investment showed a surprise pickup in October. The CNBC/Moody’s Analytic’s rapid update of economists forecasts showed a median
0 Comments
The U.S. economy expanded “modestly” through mid-November amid steady consumer spending and some brighter signs from manufacturers, a Federal Reserve survey showed. “In manufacturing, more districts reported an expansion in the current period than the previous one, though the majority continued to experience no growth,” said the report released Wednesday in Washington. “The picture for
0 Comments
Libra co-founder and chief economist of Calibra Wallet Christian Catalini has attempted to clear up misconceptions in relation to the planned digital coin in an interview with CNN’s Julia Chatterley. The release of the whitepaper on Facebook’s (NASDAQ:FB) proposed coin back in June prompted massive debate from politicians around the world, most of which vehemently
0 Comments
Darrell Hill will become Connecticut’s deputy treasurer on Dec 16, state Treasurer Shawn Wooden announced Tuesday. Hill most recently was finance director at Access Health CT, Connecticut’s insurance marketplace. Previously he was interim chief financial officer for the New Haven Public Schools, CFO and chief operating officer for the City of Hartford, and assistant city
0 Comments
Recent action in iShares Silver Trust (SLV) has proven once again that traders need to be so careful when using options to put long deltas to work. The intermediate decline in silver is now almost 3 months old. You can bet that many traders have been early to this trade as plenty of false bottoms
0 Comments
China’s hand in cementing a phase one trade deal with the U.S. keeps getting weaker even though many American media outlets keep reporting otherwise because they seem to like Chinese President Xi Jinping better than President Donald Trump, CNBC’s Jim Cramer said on Monday. Cramer said on “Squawk Box” the mainstream media wrongly thinks that
0 Comments
Los Angeles Controller Ron Galperin wants the Los Angeles Department of Water and Power to do more to protect communities, ratepayers and the environment from devastating wildfires. The controller released a report last week asking the utility to increase inspections of overhead power lines and transmission equipment and eliminate backlogs. He would also like the
0 Comments