Author: FC

Jeff Gundlach Is Taking A Brian Fantana Approach To Technical Analysis

I’ve been over this before, but I think I need to reiterate it. Bond king for the post-Gross world, exposer of WSJ conspiracies, and man who showed up at Sohn dressed in a Jack Nicholson Joker costume, Jeff Gundlach, is never wrong. If you think back to last summer (when Jeff similarly channeled Nicholson by axing his way into the Twitterverse, Jack Torrance style, as the terrified financial news ...

Alberto is 2018’s first named tropical system

The first named tropical weather system of the 2018 hurricane season has formed. The National Hurricane Center says a disturbance moving toward the Gulf of Mexico is now Subtropical Storm Alberto. Alberto had top sustained winds of 40 mph early Friday and was located 55 miles south of Cozumel, Mexico. The storm was moving north-northeast at 6 mph. The storm is expected to bring heavy rain to the Y...

Cryptocurrency stunt to climb Mount Everest reportedly turns deadly

A publicity stunt encouraging “crypto enthusiasts” to climb Mount Everest and bury a hard drive holding $50,000 worth of cryptocurrency reportedly indirectly led to a man’s death, the Financial Times said Friday. Ukrainian social network ASKfm, which is planning to raise money through an initial coin offering, or ICO, sponsored four people to climb Everest and bury the hard drive...

Why do annuities have such a bad reputation?

Why do annuities have such a bad reputation? by Maurie Backman for the Motley Fool   @CNNMoney May 25, 2018: 10:43 AM ET Running out of money in retirement is such a major concern that many workers fear it more than death itself. And while aggressively funding an IRA or 401(k) during your working years will help lower your risk of depleting your savings in your lifetime, it won’t guarantee t...

Memorial Day holiday gas prices may shock you

If you plan to hit the roads this Memorial Day weekend, get ready to pay a lot more at the pump. Gas prices are poised to be the highest since 2014, according to travel organization AAA. Those prices averaged $2.97 per gallon as of Friday. “Prices are nearly 60 cents more expensive than last year and will likely jump a few more pennies heading into Memorial Day weekend,” said AAA spoke...

Cramer: Foot Locker’s stellar earnings show the ‘mall is still not dead’ yet

CNBC's Jim Cramer says there's still some life left for brick-and-mortar retailers.

Roku shares jump after short-seller reverses call, says he doesn’t want to bet against cord-cutting

Shares of Roku spiked Friday after short-seller Citron Research said it is reversing its negative view on the maker of streaming players, given a major shift away from the traditional cable television subscription model.

Facebook, Google face complaints worth $8 billion over alleged breach of new EU data law

Privacy activist Max Schrems has wasted no time making use of Europe’s new data protection law to target the giants of Silicon Valley. The Austrian lawyer’s non-profit organization NOYB filed complaints against Google, Facebook and Facebook-owned services WhatsApp and Instagram on Friday. The complaints could result in penalties worth up to 7 billion euros ($8.1 billion). Schrems alleg...

Consumers expect smaller gains in income than a year ago, May sentiment survey finds

U.S. consumer sentiment came in weaker than expected on Friday in the final reading of May. The University of Michigan’s survey of consumer attitudes reached 98 in the latest reading. Economists surveyed by Reuters expected it to hit 98.8, the same from a month earlier. “The May survey, however, found that consumers anticipated smaller income gains than a month or year ago, even though...

Herbalife shares plunge after Carl Icahn lowers his stake in the company

Carl Icahn is reducing his position in Herbalife.

Fed chief Powell: We’re still assessing ‘efficiency’ of banking reforms

Banking regulation has gotten stricter and more transparent in the days since the financial crisis, though more adjustments are likely ahead, Federal Reserve Chairman Jerome Powell said Friday. The central bank chief cited stress testing as one particular area where openness both has helped stabilize the financial system and given the public more confidence that institutions are prepared for the n...

Fiat Chrysler recalls 4.8 million vehicles that could get stuck in cruise control

Fiat Chrysler is recalling 4.8 million vehicles over an issue that could prevent drivers from turning off cruise control. Only one incident related to the malfunction has been reported to Fiat Chrysler (FCAU), and there are no reported injuries. The issue can be triggered when the car accelerates while operating under cruise control, which it might do in order to maintain its speed while climbing ...