Setting max speed: Cruise or throttle?
Guggenheim’s Minerd warns of a possible replay of 1987 stock market crash
Investors should brace for a possible replay of the 1987 stock market crash later this year, given this month's slump came against the backdrop of Federal Reserve interest rate hikes and rising inflation, Scott Minerd, Global Chief Investment Officer at Guggenheim Partners, said on Tuesday. “Eventually the Fed will acknowledge that three rate hikes will not be enough, but it is going to raise rates four times in 2018, and market speculation will increase that there may be a need for five or six rate hikes. On Monday Oct. 19, 1987, following large declines on Asian and European markets the previous week, the Dow Jones Industrial (.DJI) Average plunged 508 points, or 22.6 percent, for the biggest-ever single day decline in percentage terms by the blue-chip benchmark.
Infrastructure: Talk is good, action is better
South Korea cryptocurrency regulator found dead
On the sidelines of the Pyeongchang Olympics, CNBC's Andrew Ross Sorkin reports that South Korea's cryptocurrency regulator, Jung Ki-joon, has been found dead in his home.
Heads up: New supply chain costing methods are being called for
Trump offers support for background checks on gun buys
WEST PALM BEACH, Fla. (AP) — From the confines of his golf club, President Donald Trump offered support for a limited strengthening of federal background checks on gun purchases Monday while staying largely mum in the last few days about the victims of the Florida school massacre and the escalating debate about controls on weapons.
Don't Let Your Social Security Benefits Be Less Than You Expected
Millions of Americans are getting lower-than-expected Social Security benefit checks -- among other surprises.