• There's only one way for the US to reach energy independence

    There's only one way for the US to reach energy independence
    Achieving energy independence in the US is one environmental issue Democrats and Republicans can agree on.
    It's easy to see why we should produce our own energy — relying on other countries for oil, natural gas, and coal (the biggest sources used today) can get complicated. It can lead to wars, or compromise our relationships with foreign powers.
    President Trump is focusing not just on energy independence, but what he calls "energy dominance," vowing to "unleash" American natural gas and
  • Here are Goldman Sachs's top 13 'rule of ten' growth stocks

    Here are Goldman Sachs's top 13 'rule of ten' growth stocks
    Goldman Sachs released a new report detailing some of what it views as important data points, market observations, and investor recommendations.
    The report includes a list of secular growth stocks that trade at "reasonable valuations."
    The list was compiled using Goldman Sachs's "rule of ten" criteria. In order to be included on the list, a stock must have each of the following:
    At least 10% long term EPS growth
    At least 10% 2015A and 2016E sales growth
    At least 10% 2017E and 2018E sales gr
  • Tesla will survive — but still won't rule the electric-car future (TSLA)

    Tesla will survive — but still won't rule the electric-car future (TSLA)
    Tesla's most bullish fans are overestimating its potential in the future electric-car market.Rivals like GM can ramp up production much faster and use existing EV platforms in several new models much faster than Tesla.
    Tesla is more likely to wind up being the sixth- or seventh-largest electric-vehicle maker in the long run.Tesla almost went bankrupt in late 2008, but since then Elon Musk's all-electric-car maker has more than survived — it's prospered, against all the odds. With a market
  • Trump praises jobs and stock market numbers 'despite the Russian hoax story'

    Trump praises jobs and stock market numbers 'despite the Russian hoax story'
    President Donald Trump fired off a pair of tweets Saturday pointing to the US economy's strength amid the ongoing Russia firestorm. 
    "Stock Market at new all-time high!" said the first tweet. "Working on new trade deals that will be great for U.S. and its workers!"
    In a second tweet posted shortly after, Trump said, "Stock Market hit another all-time high yesterday - despite the Russian hoax story! Also, jobs numbers are starting to look very good!"
    The Dow, S&P 500, and Nasdaq al
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  • Traders are woefully unprepared for one of Tesla's biggest events of the year (TSLA)

    Traders are woefully unprepared for one of Tesla's biggest events of the year (TSLA)
    Just three weeks away from Tesla's second-quarter earnings report, investors are looking shockingly complacent.
    You'd think they'd know better.
    Over the past eight quarters, Tesla has seen a median move of 5% on earnings. Options traders, however, are pricing in just a 2.5% fluctuation this time around, according to data compiled by Goldman Sachs. That's the biggest underpricing out of the firm's entire options universe for companies reporting before August 4.
    That 2.5% implied move is even mor
  • How teachers, firemen and college endowments ended up enriching America's hedge fund billionaires

    How teachers, firemen and college endowments ended up enriching America's hedge fund billionaires
    Public pensions and college endowments are some of the biggest investors in hedge funds, investment vehicles that have made their managers some of the wealthiest people in the world.
    Middlemen funnel this public money into the hedge funds, as do funds of funds. All of them collect fees.
    Pensions could have been better off investing in cash than in hedge funds, largely because of the high fees investors pay hedge fund managers. Hedge funds haven't met the expectations for endowments over the pas
  • The most popular measure of the stock market's value 'deserves to be trashed'

    The most popular measure of the stock market's value 'deserves to be trashed'
    Many ways to measure the stock market's value are trading at or above their historical average.
    They include the most popular one: the Shiller price-earnings ratio, which on Tuesday was more than 10 points above its long-run average of 16.76.It's also called the cyclically-adjusted price-earnings (CAPE) ratio because it takes the price of the S&P 500 and divides it by the average of ten years worth of earnings. By averaging, the ratio accounts for the noise that 
  • Tech stocks are scaring traders silly

    Tech stocks are scaring traders silly
    Tech companies have been the story of the stock market in 2017, surging to new highs and outperforming the broader market, all while helping lead major indices into rarefied air.
    Now investors are starting to get spooked.
    Which is not to say they're turning their backs entirely. The tech-heavy Nasdaq 100 index is still within 3% of a record reached a month ago. Rather, what traders are doing is loading up on hedges — and they're doing so in droves.
    Investors are paying the highest pre
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  • Martin Luther King Jr. had an economic dream — and it changed the Federal Reserve forever

    Most Americans have watched or heard Martin Luther King’s famous "I Have a Dream" speech, delivered before the Lincoln Memorial in Washington in 1963. Few know his rousing call for racial equality was the culmination of an event called the March for Jobs and Freedom.
    This is crucial because it reveals the central, and largely unrecognized, role of the American civil rights movement of the 1960s on the US approach to economic policy. That included a more prominent role for government in eco
  • DIMON: Central bankers are facing an unprecedented and potentially 'disruptive' challenge

    DIMON: Central bankers are facing an unprecedented and potentially 'disruptive' challenge
    JPMorgan CEO Jamie Dimon thinks the global economy could be in for some choppy waters ahead as central banks curtail their massive bond-buying programs.
    The US Federal Reserve, the European Central Bank, and the Bank of Japan have built up a combined balance sheet of nearly $14 trillion in assets. Dimon said at a conference in Paris on Tuesday that rolling back quantitative easing, in which central banks loaded up on trillions in assets to stabilize economies amid the global recession, was an u
  • The pizza chain backed by LeBron James could be close to nabbing a $100 million valuation

    The pizza chain backed by LeBron James could be close to nabbing a $100 million valuation
    Blaze Pizza, the fast-casual pizza chain backed by NBA star LeBron James, is nearing a deal that would value the company at $100 million, according to Bloomberg  News. 
    The pizza chain is trying to sell a minority stake in the company to a buyout firm in a deal that could be announced next week, according to Bloomberg.
    Blaze, which was founded in 2011, is one of the fastest-growing restaurants ever, posing a major threat to industry stalwarts like Pizza Hut and Domino's.
  • Red-hot tech stocks could be derailed by the Fed

    Red-hot tech stocks could be derailed by the Fed
    The fate of the red-hot tech stocks dominating the US stock market could rest in the hands of the Federal Reserve.
    The so-called FAANG group — consisting of Facebook, Apple, Amazon, Netflix, and Google — has traded inversely to 10-year Treasury yields for the better part of the past decade, according to data compiled by Credit Suisse.
    So if the Fed continues to raise interest rates as planned, those high-flying tech stocks are likely to come under pressure, at least if history is any
  • A solution to job-stealing robots is staring us right in the face

    A solution to job-stealing robots is staring us right in the face
    Workers have worried about what machines will do to their jobs for 200 years.Retraining and education are offered as solutions to help workers learn to work with technology instead of being displaced by it.In the US, though, it isn't guaranteed — even though better worker-focused programs could help boost the economy.WASHINGTON, DC — Ricardo Sorto knew exactly what he wanted to do early in high school. His passion for cars made the decision to become a mechanic a no-brainer.
    A volat
  • There's a strange debate at the Fed over whether the US can create too many jobs

    There's a strange debate at the Fed over whether the US can create too many jobs
    Is there such a thing as an unemployment rate that is too low?
    Most people, especially the 7 million or more Americans who were actively looking for work but couldn't find a job last month, would probably say no.
    But that's not how mainstream economists think, especially not those at the Federal Reserve.
    Witness the New York Fed president, William Dudley, a multimillionaire former partner and chief economist at Goldman Sachs. He's apparently worried about the unemployment rate, which clocked in

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