Finance

House flipping: Deja vu all over again

House flipping is always hottest when home prices are nearing a peak. That is not the case right now nationally, and so flipping has remained pretty stable overall … with two very glaring exceptions. Las Vegas and Miami. Sound familiar? They should. These two markets may well have been the poster children for the flip trade during the last housing ... Read More »

im Cramer had to give some credit to the markets on Wednesday. They finally started to make sense, and there was one move in particular with the price of oil that gave him a glimmer of hope. And when the price of oil turned up on Wednesday, suddenly it took the averages with it, which is how the Dow Jones ... Read More »

Tom Lee: No recession—it just feels like it

Long-time stock market bull Tom Lee said Thursday the U.S. won’t go into recession over the new year financial turmoil. But he argued: “Corrections and bear markets have the same feel, which is buying doesn’t feel right. Selling feels good.” Lee, co-founder of boutique equity research firm Fundstrat Global Advisors, told CNBC’s “Squawk Box” he understands why investors are “really ... Read More »

Credit Suisse posts loss, CEO says ‘buy banks’

Credit Suisse on Thursday posted a pre-tax loss for last year after a challenging fourth quarter in which it took substantial charges and warned it expected markets to remain volatile throughout the remainder of 2016. CEO Tidjane Thiam said only time – most likely a couple of quarters – would help to restore calm on the markets. “The slowdown in ... Read More »

Beware this hurt and confused market: Strategist

After a brutal start to the year, professional investors find themselves in a miasma of confusion and loss — which could lead to even more dramatic moves in the sessions ahead. So contends Neil Azous, an investment strategist at Rareview Macro. “The professional community is either very confused or impaired at the moment, and possibly both,” Azous wrote in a ... Read More »

Top investor Malik: Don’t bet on a recession

Saira Malik, head of global active equity portfolio management for TIAA-CREF, believes the U.S. is not at risk of a recession. Instead, she’s using the pullback in the market this year to get long a group of stocks she thinks will outperform in the months ahead. “We aren’t worried about a recession at the present time as we believe developed ... Read More »

Buy the world’s riskiest stocks: Technician

One of the world’s riskiest investments may be getting ready for some relief rallies. Frontier markets, also known as pre-emerging markets, have seen significant pain in the past year. But according to some traders, the recent surge in oil may become a boon for those looking for a bounce in these exotic equity investments. Crude rallied 8 percent Wednesday, even ... Read More »

Early movers: STRZA, COP, CI , CBS, BZH, LB, DAL, GPRO, YUM & more

Brendan McDermid | Reuters Traders work on the floor of the New York Stock Exchange. Check out which companies are making headlines before the bell: Starz — The movie channel operator was informed by Lions Gate that the movie studio intends to explore a “mutually beneficial” combination of the two companies. Clorox — The household products maker reported quarterly profit ... Read More »

RBI wants to connect better, issues ‘Master Directions’

The Reserve Bank today started the process of issuing ‘Master Directions’ on various regulatory issues in its bid to simplify the communication process. To begin with, it issued 17 such comprehensive directions covering foreign exchange transactions Master Directions on foreign exchange consolidate relevant circulars issued so far and cover different classes of transactions permitted under the rules and regulations under ... Read More »

HSBC pegs FY16 growth at 7.4%, says reforms key to push it up

Foreign brokerage HSBC has said the country is in the midst of a “credit-less” recovery and policy reforms are the main way ahead to achieve higher growth. Expressing dissatisfaction with the new way of GDP computation, its country economists, led by Pranjul Bhandari, estimated that the economy would clock a 7.4 per cent growth in FY16, and it would remain ... Read More »