This is why oil glut not going away soon

U.S. oil production continues to defy forecasts that it is on the decline, and with refiners processing as much of the stuff as they can, the glut of oil, gasoline and diesel fuel keeps growing. That should continue to pressure oil prices, which rallied Wednesday because the large weekly build in supply was not quite as gigantic as feared. The ... Read More »

Apple analyst: Investors don’t want to hear THIS

One technology analyst had some unwelcome news for Apple investors as Wall Street digests some negative earnings commentary from CEOTim Cook. That news: This setback could be a good thing. Shares of the iPhone maker continued to sink, down almost 5 percent mid-day Wednesday amid a slew of analyst downgrades after Tuesday nights’ earnings. But some people were cheering that ... Read More »

Samsung Galaxy J7 (2016) specs spotted on GFXBench

Samsung’s refreshed 2016 “J” series is really shaping up nicely. A few days ago, we saw theGalaxy J1 (2016) quietly go on sale in Dubai and shortly after, the new J5 (2016) made an appearance with a full specs reveal on GFXBench. Naturally, it didn’t take too long for theGalaxy J7 (2016) to follow. It made a quick visit to ... Read More »

Fed funds futures: Only 1 more rate hike, in 2nd half of 2016

Traders now expect the Fed to raise rates only once this year, and not until the second half of 2016, according to Fed funds futures contract data from the CME Group. The first better-than-average chance of a rate hike is now priced in for July, according to the CME’s FedWatch tool. It had been June prior to the Fed’s statement ... Read More »

Embracing Credit card merchant services

Are you a business person and you are yet to start accepting plastic money in your business? You are lagging behind. It’s about time you embraced merchant services for credit cards processing. Clients recently aren’t comfortable with carrying huge sums of money when going to shop. The fear of losing it to thieves or other unexplainable circumstances is huge. They ... Read More »

After-hours buzz: NFLX, IBM, WSM & more

Netflix shares soared in extended trading on Tuesday. The video streaming company reported quarterly earnings that topped analysts’ expectations as its international expansion boosted subscriber growth. Netflix added 5.59 million total net subscribers in the quarter, up from 4.33 million additions in the previous year. The company had 4.04 million net subscriber additions outside of the United States, easily beating ... Read More »

Cashin: US could slip into a recession

Worried about the U.S. economy? UBS’ Art Cashin said you should be. “If corporations start to pull back and say ‘I don’t want to advance anything; I don’t want to hire anybody,’ we could slide into a recession,” Cashin told CNBC’s “Squawk Alley” on Tuesday. Earnings season unofficially began last week, with Alcoa posting mixed quarterly results. Since then, a ... Read More »

Someone is about to be proven very wrong on Apple

Analysts and traders are extremely far apart on shares of Apple. Over the past six months, shares of the tech giant have fallen more than 25 percent, badly underperforming the S&P 500. And on Tuesday, Apple shares dipped below $96. Meanwhile, analysts’ average price target on shares of the stock is $140, according to data provider FactSet. Some, like Goldman ... Read More »

Lenovo K4 Note already available for purchase in Saudi Arabia

Unveiled just a few days ago in India, the Lenovo K4 Note is set to go on sale in the country on January 19. However, turns out the device is already available for purchase in Saudi Arabia, where Jarir Bookstore has it listed on its website for SAR 899 (around $240). Specs-wise, the handset is powered by a MediaTek MT6753 ... Read More »

Why top investor Link likes low oil plays

Stephanie Link, managing director at TIAA-CREF, bought Carnival for her “Halftime Report” model portfolio on Tuesday. Carnival is a global travel company, which owns such brands as Carnival Cruise Line, Holland America Line and Princess Cruises. The company operates a fleet of over 100 ships. Here is why Link likes the stock. [“source-gsmarena”] Read More »