Home / Business (page 20)


More than half of S&P 500 stocks are in a correction, and that has bargain hunters looking at three names

While the stock market's gut-wrenching volatility appears to have subsided, nearly two-thirds of the S&P 500 still remains in correction territory, a technical term for a 10 percent decline. And that has some strategists bargain hunting. Miller Tabak equity strategist Matt Maley says three disparate names share one common trait: attractive-looking charts. Specifically, he likes…

Read More »

Experts rip Trump’s spending spree as ‘foolhardy,’ ‘ludicrous,’ and ‘the dumbest’

A massive deficit will be President Donald Trump's legacy, financial strategists are warning as the U.S. budget is expected to rise to accommodate the government's spending plan. "My view is that this fiscal expansion is probably the most foolhardy escapade in modern economic policy history," Albert Edwards, an ultra-bearish global strategist at Societe Generale, said…

Read More »

Soros’ fund buys shares of cryptocurrency play Overstock.com, while dumping Facebook

George Soros' investment fund has bought a large amount of stock in Overstock.com, a company that has seen its share price surge after announcing a cryptocurrency trading product. Soros Fund Management held 2,472,188 shares in Overstock at the end of the fourth quarter of 2017, making it the third-largest shareholder, according to regulatory filings released…

Read More »