Money

Data leak ‘another indication of systemic problems at Facebook’ so sell the stock, analyst says

Pivotal Research reaffirms its sell rating for Facebook shares.

After an 80% plunge in nine months, Blue Apron shares may finally catch a break

After losing nearly 80 percent since its IPO, Blue Apron shares may be primed to catch a break.

Financial advisors agree with Buffett: Don’t waste your hard-earned cash on bitcoin

Some financial experts are not bullish on cryptocurrency as an investment. They wonder: Is it really the next big thing, or will it run its course? In fact, they urge clients not to waste their hard-earned money on bitcoin. And what about blockchain, the technology behind bitcoin? Right now a variety of companies are trying to find new ways to utilize blockchain technology. For investors, the question to ask is: Do you look for companies developing new uses for blockchain, or will this become the next dot-com bubble? While many financial experts have mixed views on both issues, billionaire investor Warren Buffett recently told CNBC that the craze over bitcoin and other cryptocurrencies won’t end well. More from Advisor Insight:Why investors can’t gauge their own risk toleranceC...

Financial advisors agree with Warren Buffett: Don’t waste your hard-earned cash on bitcoin

Some financial experts are not bullish on cryptocurrency as an investment. They wonder: Is it really the next big thing, or will it run its course? In fact, they urge clients not to waste their hard-earned money on bitcoin. And what about blockchain, the technology behind bitcoin? Right now a variety of companies are trying to find new ways to utilize blockchain technology. For investors, the question to ask is: Do you look for companies developing new uses for blockchain, or will this become the next dot-com bubble? While many financial experts have mixed views on both issues, billionaire investor Warren Buffett recently told CNBC that the craze over bitcoin and other cryptocurrencies won’t end well. More from Advisor Insight:Why investors can’t gauge their own risk toleranceC...

Opening Bell: 3.19.18

U.K. Officials Said to Consider Transition Agreed: Brexit Update [Bloomberg]U.K. officials consider the terms of the transition to have been agreed, and it’s just awaiting sign-off from Davis and Barnier, according to two people familiar with the situation.Negotiators have been working through the weekend. Investors tread lightly in wake of Trump’s Twitter meltdown, with the Dow set for a triple-digit drop [CNBC]Late Sunday, White House lawyer Ty Cobb once again said the president was not considering or discussing firing Special Counsel Robert Mueller.TThe recent turmoil in Washington has this bull market “limping,” according to Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets.“Washington has turned into more of a headwind than a tailwind recently,” Calvasina told CNBC’s...

Micron, up 50% this year, could see a huge swing on earnings this week

Investors should prepare for some bigger swings from Micron when it reports earnings, strategist Stacey Gilbert says.

Facebook shares drop 8% after a bad weekend of news

Facebook denies that this was a data breach and says no systems were infiltrated and no passwords or sensitive information was hacked.

Stocks’ comeback is on track, but much needs to go right for bull market to break out

Stocks have been moving sideways. Where do we go from here?

Facebook shares slump over 3 percent over fallout from Cambridge Analytica scandal

Facebook denies that this was a data breach and says no systems were infiltrated and no passwords or sensitive information was hacked.

Activist investor focused on ‘turnaround’ investments buys 5% stake in Barclays

Barclays CEO Jes Staley has been under pressure from shareholders to make the investment bank profitable.

Comparative Employment Growth in California and Wisconsin

Both Governors Brown and Walker are coming to the end of their second terms. Time to appraise how their respective economies have fared, in terms of employment. Figure 1 Log nonfarm payroll employment for California (blue), Wisconsin (red), and US (black), all normalized to 2011M01=0. Rank is rank by ALEC Laffer-Moore-Johnson Rich States, Poor States, 2017 Economic Outlook ranking. Source: BLS via FRED, RSPS 2017, and author’s calculations. Note that employment growth has risen much faster in 47th ranked California than 14th ranked Wisconsin.

Bitcoin bounces $700 in less than three hours, capping wild weekend that brought it below $7,400

Bitcoin prices had a wild weekend on reports that Twitter will follow Google and Facebook's lead in banning cryptocurrency ads.