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6/25/2018

Technical analyst Steve Miller expects the S&P 500 to attempt a breakout to 2,775 this week, but his cyclical chart analysis indicates the index is more likely to slip to 2,742. A fall below that would significantly increase downside risk, writes Miller, who forecasts a further decline of up to 125 points in coming weeks.

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See It Market
6/25/2018

Technical analyst Todd Gordon, CMT, has delivered an upbeat assessment of bitcoin. He expects bitcoin to fall as low as $4,000 in the near term but says an underlying uptrend could revive the cryptocurrency to beyond $10,000 by 2019.

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Cointelegraph
6/25/2018

Emerson Electric is emerging from consolidation to begin ascent, and most chart indicators are positive, writes technical analyst Bruce Kamich, CMT. He suggests waiting to see whether the stock can sustain a level above $68, which would pave the way for a significant climb.

6/25/2018

The Trump administration reportedly plans to subject Chinese investment in US technology to deeper scrutiny and to block sales of some technology to China. Both initiatives would be based on national security concerns, sources say, and Treasury Secretary Steven Mnuchin wants a heightened role for the Committee on Foreign Investment in the US.

6/22/2018

Shares of Peugeot-Citroen, Renault and Volkswagen have fallen as much as 2.4%, while Daimler stock has dropped more than 4%, after Daimler warned the US-Chinese trade dispute is likely to decrease earnings. Daimler, which owns Mercedes-Benz, says lower SUV sales and higher manufacturing costs "must be assumed because of increased import tariffs for US vehicles into the Chinese market".

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BBC
6/22/2018

Xiaomi has decided against a simultaneous initial public offering in Hong Kong and Shanghai and plans to launch in Hong Kong first. The decision has been attributed to China's lack of readiness to trade depositary receipts and casts doubt on the country's ability to host tech IPOs.

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Xiaomi
6/22/2018

Chart indicators for European automakers are gloomy, technical analyst Andy Dodd says. Dodd, tracking the STOXX Europe 600 Automobiles & Parts weekly chart, sees a head-and-shoulders pattern forming, indicating a significant fall ahead.

6/22/2018

A consortium of 25 investors controlling assets worth more than $1 trillion has called on Nestle, PepsiCo, Procter & Gamble and Unilever to curtail use of plastic packaging. The group's request for the companies to disclose annual use, to set reduction goals and to move toward recyclable, reusable or compostable packaging has been positively received by some of the firms, which say they are launching environmentally responsible initiatives.

6/22/2018

People in their early 50s who haven't started saving for retirement still have time to save enough to make a difference. Here are three tips for making the best of the situation.

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CNNMoney
6/22/2018

The buying power of Social Security benefits has fallen 34% since 2000, while retiree expenses have increased 96.3%, a Senior Citizens League report says.

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CNBC
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Senior Citizens League