Benchmarks added significant gains yesterday banking on a rebound in oil prices and better-than-expected private sector jobs report. Fed minutes’ assurance that the central bank will be “patient” before hiking interest rates added to the bullish sentiment. Possibility of additional stimulus measures in the Eurozone and subdued fears about Greece exiting the European Union also boosted markets.For a look at […]
Stocks and Industries that are expected to grow in the next 5-10 yearsAerospace (ITA)• Air and space travel will be more accessible than ever.• Over the next 10 years the private space industry will surge.• Rising transportation demand will accelerate airplane manufacturing.• Drone technology is a growth industry in both private and military sectors.• Cheaper fuel alternatives will develop, […]
EDITOR’S NOTE: Since this story was originally published, the New York Magazine has admitted that Mohammad Islam lied and his claims were false.NEW YORK CITY — The New York Post called him, “the teen wolf of Wall Street.”Mohammed Islam is a 17-year-old from Queens and he has made tens of millions of dollars playing the stock market during his lunch […]
Excerpted from IceCap Asset Management’s Keith Dicker’s latest letter to investors,Three hundred years ago, physicist Isaac Newton, compiled the Third Law of Motion. Ever since, people everywhere have noticed how every action does indeed have an equal and opposite reaction.This Third Law of Motion is certainly evident in the music world where The Rolling Stones gathered a lot of moss. […]
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It was just a few weeks into the new school year when Connor Bruggemann decided to play sick. He holed up in his bedroom, shut the door, and opened his laptop. Over the summer his father had opened an Etrade account for him, using around $10,000 Bruggemann had saved up over two years working as a busboy and […]
Robert Shiller, Business InsiderYesterday, I mentioned again that I am increasingly concerned about the level of stock prices. Specifically, I said that, even if stock prices continue to go higher from here, which they might, I think that they’ll eventually crash back down below today’s levels — possibly far below. Even if stocks don’t eventually crash, but just move sideways, I […]
Good day everyone and welcome to the Genesco Third Quarter Fiscal Year 2013 conference call. Just a reminder today’s call is being recorded. Participants on the call expect to make forward looking statements. Tuesday, sources confirmed. Was out of control, just swerving from one site to the next without any apparent idea of where he was going, said an anonymous […]
The head of the British electronic spy agency GCHQ, Robert Hannigan, created a minor flap last week in an article he wrote for the Financial Times. In effect, Hannigan argued that more robust encryption procedures by private Internet companies were unwittingly aiding terrorists such as the Islamic State (IS) or al Qaeda, by making it harder for organizations like the […]
Indexes gapped up on the open after a strong election day for the GOP which markets generally view as business friendly, and while the S&P 500 held its gains the NASDAQ fell back a bit. The S&P 500 gained 0.57% while the NASDAQ dropped 0.06%. We have the official government data on employment Friday but on the Wednesday before that […]
Half a million people have already signed up for Robinhood‘s unlaunched zero-fee stock trading service. Now the startup has raised $13 million to hire talent to make its app totally secure so it can start adding people from its private beta waitlist.Unlike competitors E*Trade and Scottrade that charge people $7 to $10 per trade, Robinhood doesn’t need to spend money […]
