• DALIO: Trump is putting a small part of America ahead of the entire world

    DALIO: Trump is putting a small part of America ahead of the entire world
    The founder of the world's largest hedge fund says President Donald Trump is showcasing a tendency to choose the part over the whole.
    In a note posted on his LinkedIn page Monday, Ray Dalio of Bridgewater Associates said he was "especially concerned about the consequences of his pursuing so much conflict."
    "When faced with the choices between what's good for the whole and what's good for the part, and between harmony and conflict, he has a strong tendency to choose the part and conflict," Dalio
  • 'Wonder Woman' wins the weekend box office, but 'The Mummy' turns out to be bulletproof

    'Wonder Woman' wins the weekend box office, but 'The Mummy' turns out to be bulletproof
    This week's domestic box office winner was pretty much decided before we even got to the weekend.
    The acclaimed "Wonder Woman" followed up its record-breaking opening weekend last week by winning the United States box office for a second-straight weekend with an estimated $57 million, according to Exhibitor Relations, a dip of only 45% from last weekend. The movie has now brought in a total of $205 million domestically.
    In a distant second place with $32 million is "The Mummy," which is both a T
  • CITI: 'One of the scariest charts to look at' could create major concerns about the market

    CITI: 'One of the scariest charts to look at' could create major concerns about the market
    The slowdown in US dealmaking since 2015 is cause for concern, Citi's equity strategists say.
    "In some respects, one of the scariest charts to look at currently is the number of announced mergers & acquisition deals over the past year or two," Tobias Levkovich, the chief US equity strategist at Citi, said in a note on Friday.
    "M&A lawyers argue the 'uncertainty' factor, which has come about recently, given some unpredictable aspects of the new Trump administration, has been the issue. It
  • Trump is starting to draw battle lines with Congress on an issue with huge implications for the global economy

    Trump is starting to draw battle lines with Congress on an issue with huge implications for the global economy
    By sometime later this summer, Congress will have to raise the nation's debt ceiling.
    Both Congress and the Trump administration are starting to firm up their positions.
    Failing to raise the ceiling could lead to catastrophic effects on the US economy.
    The deadline that led to the night President Barack Obama once called the "scariest moment" of his presidency is once again on the horizon in Washington.
    Raising the debt ceiling: At its core, a seemingly simple function of Congress. But
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  • Traders are cranking up their bets against Snap (SNAP)

    Traders are cranking up their bets against Snap (SNAP)
    Traders haven't been this bearish on Snap since the period immediately following its initial public offering.
    The ratio of bearish put contracts on Snap's stock to bullish calls is 1.7-to-1, the highest since March 17, only the fifth day that Snap options were available to be traded.
    After an initial shorting frenzy that pushed the ratio as high as 3-to-1, bearishness leveled off for a couple of months. But now that Snap has been drawing the ire of analysts across Wall Street because of concerns
  • Cash-rich companies are king in the stock market right now

    Cash-rich companies are king in the stock market right now
    The days of easy money are over.
    And with the Federal Reserve expected to hike interest rates later this month, equity investors are seeking companies well-equipped to withstand tighter lending conditions.
    In other words, they want to buy stocks with strong balance sheets — ones with easy access to liquidity and minimal debt exposure. And they've already started.
    Shares of firms with strong balance sheets are up by 11% this year, outpacing their flimsier brethren by 3.5 percentage points,
  • One simple action the Fed refuses to take could make its policies a lot more powerful

    One simple action the Fed refuses to take could make its policies a lot more powerful
    There is an easy step officials at the Federal Reserve could take to improve their ability to fight the next recession, but policymakers are deeply reluctant to go there: raising the central bank’s 2% inflation target.
    Several prominent economists, including former President Barack Obama’s top economic advisor Jason Furman and Nobel laureate and Columbia University professor Joseph Stiglitz, have signed a letter proposing Fed officials do just that.That’s because with infl

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