- MarketWatch•yesterday
Dow Theory sell signal is now just one step away from being triggered
The Dow Jones Industrial Average tumbled 424.69 points Friday to close at a four-month low of 23,533.20. What makes the decline technically very significant is that closing below the Feb. 8 closing low of 23,860.46 completes half of the final step needed to trigger a Dow Theory sell signal, as MarketWatch senior columnist Mark Hulbert explained. The Dow Theory is a market timing tool that has been relevant on Wall Street for a century.
- Yahoo Finance•7 hours ago
Facebook fallout, quarter-end, and GDP — What you need to know for the week ahead
After a fairly benign start to the action, a Fed rate hike, market fears over Trump’s new trade initiatives, and a complete lack of buyers into the weekend brought the worst week in two years to the stock market. Meanwhile, Facebook (FB) shares fell about 13% as its role collecting and protecting user data came under increasing scrutiny from politicians and the public following the Cambridge Analytica debacle, with CEO Mark Zuckerberg facing calls to answer questions before lawmakers in both the U.S. and the U.K. Facebook CEO Mark Zuckerberg has been under fire for the tech giant’s handling of user data.
- MarketWatch•yesterday
Stop saying the Dow is moving in and out of correction! That is not how stock-market moves work
The Dow Jones Industrial Average is in correction territory, a move that took effect on Feb. 8 when the blue-chip gauge closed 10.4% below its late-January high. Market technicians generally define a correction as a decline of 10% to up to 20% from a recent peak in an asset. In the case of the Dow, its previous high was Jan. 26 when it closed at a record of 26,616.71.
Reuters•4 hours agoUber to sell Southeast Asia business to rival Grab: sources
By Anshuman Daga SINGAPORE (Reuters) - Ride-hailing firm Uber Technologies Inc [UBER.UL] has agreed to sell its Southeast Asian business to bigger regional rival Grab, sources with knowledge of the matter said on Sunday, in what would be the U.S. company's second retreat from Asia. The deal, which could be announced as early as Monday, marks the industry's first big consolidation in Southeast Asia, home to about 640 million people, and puts pressure on rivals such as Indonesia's Go-Jek, backed by Alphabet Inc's Google and China's Tencent Holdings Ltd. As part of the transaction, Uber would get a stake of as much as 30 percent in the combined business, said a source with direct knowledge of the matter who did not want to be identified as the deal is not yet public.
- Bloomberg•2 hours ago
Asia Stocks Signal More Losses Amid Trade Tensions: Markets Wrap
The rout that sent global markets into a tailspin last week showed no signs of easing on Monday morning, with stock futures in Asia signaling further declines amid concern that global growth may be destabilized by protectionist policies resulting from the U.S. Global stocks put in their worst week since the rout in early February and erased all of that subsequent recovery, with losses deepening into the close of Friday trading in the U.S. Crude posted its biggest weekly gain since July and the yen rose to the strongest in more than 16 months against the dollar. Treasury Secretary Steven Mnuchin told Fox News that he’s “cautiously hopeful” the two nations will reach a deal to avoid the tariffs U.S. President Donald Trump ordered on $50 billion of imports.
- MarketWatch•yesterday
A Dow Theory ‘sell’ signal could happen any day now
It would take only a small stock market drop next week to trigger something big — a “sell” signal from the famous Dow Theory. The first is that the Dow Theory has been beating the market for an awfully long time. The second reason to be on your guard for the possibility of a Dow Theory sell signal: The timing system is widely followed, so a sell signal could generate an avalanche of selling.
- FX Empire•16 hours ago
“Trump’s Tariff Plans Have Created Uncertainty and Put Global Stock Markets under Pressure”
Nigel Green, founder, and CEO of deVere Group is speaking out after global stock markets come under heavy pressure on fears over the rising trade tensions between the U.S. and China – the world’s largest and second largest economies, respectively – and how global economic growth and corporate earnings will be impacted. President Donald Trump confirmed tariffs on Thursday on up to $60bn in annual Chinese imports. “By imposing tariffs and opposing free trade and globalization, he is potentially creating a totally unnecessary trade war that will be detrimental to the U.S. and global economies.
- Fox Business Videos•2 days ago
Mario Gabelli: It’s about time we have market volatility
GAMCO Investors founder Mario Gabelli on why he isn’t surprised by the market selloff and why investors shouldn’t be concerned about President Trump’s tariffs against China.
- FX Empire•19 hours ago
E-mini Dow Jones Industrial Average (YM) Futures Analysis – Poised to Make New Low for Year
After consolidating early in the week for three sessions, June E-mini Dow Jones Industrial Average futures plunged sharply lower, reaching levels not seen since February 9. The selling was fueled by a combination of rising interest rates and fears of a trade war after President Trump announced sanctions against China. The main trend is down according to the daily swing chart.
- Bloomberg•yesterday
U.S. Investors Will Have Chance to Buy Aramco Shares, Saudis Say
Americans will have a chance to own shares in Saudi Arabia’s oil company, the nation’s energy minister said. Saudi Energy Minister Khalid Al-Falih also said some investors have been slow to sign on to the reform plan proposed by Crown Prince Mohammed bin Salman because they are focused on dividends. “We are going to have to face that when we list Aramco and have a conversation about how much cash will be given to investors,” he said in a speech Saturday at the Massachusetts Institute of Technology.
- MarketWatch•yesterday
What is an RMD? And what happens if you don’t take it?
If you turned 70 ½ last year, make sure you take your required minimum distributionLES FILMS DARGAUD / Ronald Grant Archive / Mary EvansTurning 70-1/2? April 1 is fast approaching, and if you have a retirement account and turned 70 ½ last year, you better be paying attention. Required minimum distributions are mandatory for various retirement accounts, such as 401(k) plans and individual retirement accounts (IRAs).
- TheStreet.com•2 days ago
Tech Stocks That Look Fairly Cheap Following the Rout
Here are some tech stocks whose multiples look quite acceptable following the recent Nasdaq selloff. trade at steep forward multiples even in the event that they pare back their spending and focus more on their bottom lines (Wall Street has given them a green light to prioritize growth, and it's hard to blame them for taking advantage. Facebook, stung by a scandal that has produced a lot of negative press but may ultimately have a limited impact on its top line, now trades for only 18 times its 2018 GAAP EPS consensus, and 16 times its non-GAAP consensus.
- Bloomberg•2 days ago
How to Compare Climate Risk Across the Biggest Oil Companies
Energy companies could waste a massive $1.6 trillion by ignoring climate risk, according to a study by London-based nonprofit Carbon Tracker Initiative. To find out which oil and gas producers are most exposed to these risks, use a new app on the Bloomberg terminal that compares companies across the relevant metrics. The 2D Scenario Analysis Tool looks at 68 companies in the S&P Global Oil Index through a climate change lens. It starts with a hypothetical: Let’s say the world manages to act to limit the rise in average global temperature to 2 degrees Celsius (hence the 2D). To do that, demand for fossil fuels will need to fall. It then asks: How would that affect the oil companies? The analysis
- FX Empire•21 hours ago
Rate Hike Forecast Disappointment, China Trade War Fears Sink U.S. Dollar
The U.S. Dollar fell against a basket of currencies last week, driven lower by a less-hawkish U.S. Federal Reserve and fears of a trade war after President Trump announced he would initiate sanctions against China. June U.S. Dollar Index futures settled
- CNBC Videos•2 days ago
The Look Ahead: March 23, 2018
CNBC brings you fast, accurate, and actionable business news and market updates.
- MarketWatch•yesterday
Dropbox IPO succeeds amid market volatility, with more tests to come
Dropbox Inc. shares shone amid a stormy market Friday that capped a week of red ink, which could signal safe waters ahead for market debuts as $3 billion in initial public offerings prepare to price next week. Friday’s 35.6% gains for Dropbox (DBX) stock capped a textbook IPO success: the offering was reportedly oversubscribed, the company increased its expected range and then priced above the revised range at $21, and shares still received a solid pop to $28.48 at the close. For other companies hoping to experience the same success, Dropbox’s debut is especially soothing because it came amid a stock market downfall.
Associated Press•2 days agoUS charges 9 Iranians in massive hacking scheme
The Trump administration announced criminal charges and sanctions Friday against Iranians accused in a hacking scheme to pilfer sensitive information from hundreds of universities, private companies and American government agencies. The nine defendants, accused of working at the behest of the Iranian government-tied Islamic Revolutionary Guard Corps, hacked the computer systems of about 320 universities in the United States and abroad to steal expensive science and engineering research that was then used by the government or sold for profit, prosecutors said. The hackers also are accused of breaking into the networks of government organizations, such as the Department of Labor, the Federal Energy Regulatory Commission and the United Nations, and private sector entities including technology companies and law and consulting firms.
- TheStreet.com•yesterday
Could Starbucks Be Affected In a Trade War?
Market participants are searching for potential trade war victims among U.S. stocks. Remember, of course, that assumes a full-blown trade war breaks out, which has not happened, but stocks are forward-looking discount mechanisms, so it's worth stress-testing your holdings for exposure to a trade tiff between the U.S. and China. would be the most obvious victim of a U.S.-China trade war, but many other names have been tossed around over the past two weeks.
- Bloomberg•20 hours ago
JPMorgan Sees Market Overcoming Stock Rout, But Beware Trade War
Despite a harrowing week for U.S. stocks, market conditions are looking favorable heading into the second quarter, according to JPMorgan Chase & Co. Conditions for stability will probably come together in the second quarter, and asset allocations should remain oriented toward growth, JPMorgan strategists led by John Normand wrote in a note Friday after the S&P 500 closed down 6 percent for the week. "Two of four conditions for market stability have been met (tamer inflation, not-so-hawkish Federal Reserve), and the two others could align in the second quarter (stable activity data, de-escalation of trade conflict),” the strategists wrote.
The Street•9 hours agoIt's Dumb to Think Mark Zuckerberg Isn't Facebook's Biggest Risk Right Now
This week, silence was deafening. Amid a scandal that rocked Facebook Inc. (FB) to its core, chief executive and Silicon Valley staple Mark Zuckerberg was quiet. For many on Wall Street, his three-day absence from the narrative at the height of a crisis was taken as a sign of weakness at the highest level of the social media giant. The Cambridge Analytica story broke last Sunday. Zuckerberg didn't come out of hiding for a public comment until Wednesday. During the time in between, Facebook's once red-hot stock plummeted 8.5%. "In such a case, you would expect the CEO of a company to react very swiftly to defuse the situation as well as possible, especially since Facebook's share price is sliding,"
Business Insider•yesterdayThese are the leading credit card processing companies (JPM, BAC, C, WFC, VNTV, TSS, BCS, FDC, WPG)
Credit card processors are mostly responsible for data transmission and security when you use your card at a store or online to make a purchase. Below, we've outlined the major players in credit card processing and described their major strengths.
- Fortune•yesterday
Apple CEO Tim Cook Calls for ‘Well-Crafted’ Regulations on Data Privacy After Facebook Controversy
Inc. Chief Executive Tim Cook has called for stronger privacy regulations that prevent the misuse of data in the light of the controversial leak of user information. Facebook co-founder Mark Zuckerberg belatedly apologized for failing to better control its customers' data following reports that it let Cambridge Analytica amass information on 50 million users.
- Engadget•yesterday
Facebook and Cambridge Analytica hit with first state lawsuit
Facebook and Cambridge Analytica are already dealing with numerous private lawsuits over non-consensual data sharing, but they now have to grapple with a state-level lawsuit. Cambridge Analytica allegedly broke the law by misrepresenting its "thisisyourdigitallife" app as an academic research tool when it was really meant to harvest personal data against Facebook's agreements. Facebook, meanwhile, was accused of falsely promising to protect user data and doing nothing to stop Cambridge Analytica for years after learning of its behavior.
- MarketWatch•yesterday
Three ways Apple could spend $163 billion besides a big acquisition
Apple Inc. has promised to spend $163 billion in cash, leading to breathless speculation about large acquisitions. The company’s largest acquisition was headphone maker Beats Electronics Inc., for $3 billion, and the next largest was NeXT, the merger that brought Steve Jobs back to Apple. Apple has already expressed interest in expanding its original-content offerings, and recent moves and commentary suggest this is still an area of priority for the company.
- FX Empire•18 hours ago
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Could See More Pressure After Close Under Key Retracement Zone
June E-mini NASDAQ-100 Index futures broke sharply last week, driven lower by an over 10-percent drop in shares of Facebook, a Fed interest rate hike and fears of a trade war. The main trend is down according to the daily swing chart.
