One faction on Wall Street sees major upside for Facebook if its secretive cryptocurrency plan works out. The social network is reportedly developing a cryptocurrency that could be part of a multi-billion-dollar revenue opportunity, Barclays internet analyst Ross Sandler said in a note to clients Monday. Sandler forecasted as much as $19 billion in additional…
Some have called Food and Drug Administration Commissioner Scott Gottlieb's resignation a boon for the e-cigarette industry, which Gottlieb has repeatedly attacked for fueling a surge in teen vaping. The impact of his abrupt resignation, however, may not be that simple. Gottlieb in September declared teen e-cigarette use an "epidemic" and threatened to pull products…
Ten years off the financial crisis bottom, the stock market scored one of its best decades in nearly 140 years. According to Goldman Sachs, the 10-year trailing annual return for the S&P 500 of 15 percent ranks in the 94th percentile of all 10-year periods going all the way back to 1880. The typical 10-year…
Justin Sullivan | Getty Images News | Getty Images OROVILLE, CA - APRIL 11: A view of of the heavily damaged spillway at Lake Oroville on April 11, 2017 in Oroville, California. After record rainfall and snow in the mountains, much of California's landscape has turned from brown to green and reservoirs across the state…
Don't expect a massive drop to signal the end of the longest bull market in history, investor and GMO founder Jeremy Grantham said Thursday. "This will be limping along; three steps down, two steps back. It's not a typical experience," Grantham, who is famous for calling the last two major bubbles in the market, told…
Since the terrorist attack earlier this month, Indian Prime Minister Narendra Modi has been under pressure from his base to respond with force ahead of a parliamentary election due to take place by May. "That India entered Pakistan's airspace is a clear indication that it is willing to do whatever it takes to keep India…
"Captain Marvel" soared higher, farther, faster at the box office this weekend. The 21st installment of Disney's Marvel Cinematic Universe — and its first film with a solo female lead — took in an estimated $455 million worldwide since Thursday. In the U.S. the film garnered an estimated $153 million during its debut. The Marvel…
Analysis by legal research firm Plainsite found at least 38 securities actions filed against Tesla or Elon Musk (or both) since 2010, the year the company went public. Plainsite – which founder Aaron Greenspan describes as a "legal transparency initiative" – scans public records across the US legal system to document the volume and types…
The Federal Reserve is close to a timetable on when it will stop reducing the amount of bonds it is holding on its balance sheet, Chairman Jerome Powell said Wednesday. Determining the ultimate size and composition of the fixed income portfolio has been a key concern for investors nervous about how much further the Fed…
Consider it an Ulta-mate rally. Shares of Ulta Beauty have roared around 7,500 percent higher in the past 10 years, far better than the 315 percent increase for the S&P 500 off its March 2009 intraday low. Bill Baruch, president of Blue Line Futures, says the cosmetics retailer has more room to run. "The chart…
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