Finance

While inflation has been rising, wage growth of sub-3 percent is still far from pre-great financial crisis levels north of 4 percent. In a note published last week, Goldman Sachs Chief U.S. Economist Jan Hatzius remarked that despite the unemployment rate standing the lowest level in 48 years (at 3.7 percent), core personal consumption expenditure
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David Paul Morris | Bloomberg | Getty Images People enter the Adobe Systems Inc. office in San Francisco, California. Adobe stock rose nearly 6 percent during after-hours trading after it announced its growth strategy on Monday at its analyst meeting. It estimates that its 2019 revenue to grow 20 percent year over year and its
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Fidelity has a long history of dealing with enterprise security, as well as public and private key cryptography to make sure it isn’t part of that statistic. Its custody solution will involve vaulted “cold storage,” which involves taking the cryptocurrency offline, and multi-level physical and cyber controls, among other security protocols that have been created
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I’m calling it — we’re in a streaming service bubble. We’ve hit peak OTT. That’s “over-the-top,” which is weird industry lingo for “online TV service.” This week alone, there’s been news of new online video services from WarnerMedia, Viacom, WalMart, Costco, something called Quibi and Apple. The reasons for developing streaming services vary from company
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Wall Street is buzzing over the battle between Tesla CEO Elon Musk and investors who are betting against the company’s stock. On Thursday, Musk blasted short sellers and mocked the Securities and Exchange Commission on social media. But many respected investors and experts have said short selling plays an important role in public markets, improving
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Wall Street institutions and Twitter users are split on bitcoin. But institutions, usually the more cautious ones, are more optimistic when it comes to calling a bottom, according to new surveys. Fundstrat managing partner and head of research Tom Lee polled 25 institutions during a recent dinner and compared their responses to the answers to
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