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Bank of America hikes its stock market forecast for 2018, but is on the lookout for any reason to turn bearish

Equity strategists at Bank of America Merrill Lynch raised their year-end price target on the S&P 500 to 3,000 from 2,800. "We are watching for signs to temper our enthusiasm on the S&P 500," they said in a note. Still, they noted that...Show More Summary

2018 Winter Olympics: Every venue in Pyeongchang, in photos

Check out where all the Olympic magic will happen Beginning on February 9, athletes from around the world will flock to Pyeongchang—a rugged, mountainous region in the Gangwon Province of South Korea—for the 2018 Winter Olympics. ToShow More Summary

Sessions Questioned By Mueller In Russia Probe

Far from wrapping up his probe, Special Counsel Robert Mueller's team appears to have arrived at the senior tier of President Donald Trump's advisers early this year. After CNN  reported that Steve Bannon agreed to a voluntary informal...Show More Summary

Apple’s HomePod speaker gets a February 9 release date

Apple will join the smart speaker fray on February 9 with HomePod, a $349 answer to the Amazon Echo and Google Home. The company will start taking pre-orders on January 29 in the United States, United Kingdom, and Australia, and the speaker will arrive in France and Germany this spring. Show More Summary

Instagram ruled the Women’s Marches on social—and the dudes pitched in, too

The Women’s Marches that took place in cities across the world on Saturday dominated almost every social media platform, but one platform in particular stood out: Instagram. The photo-heavy social media site accounted for 47% of theShow More Summary

Tesla says Elon Musk will only get paid when the company does well

The auto company said Musk will only receive compensation for his work as CEO is the company and its shareholders do well, reports Reuters. Specifically, in a statement the company said “Elon [Musk’ will receive no guaranteed compensation...Show More Summary

#WEF - Alternative to GDP suggested

JOHANNESBURG - The World Economic Forum (WEF) advocates an alternative to gross domestic product (GDP) that will measure the level and rate of improvement in shared socio-economic progress. In a report released yesterday ahead of the...Show More Summary

China, South Korea Vow Retaliation In Trump Trade War

When we reported earlier today  that President Trump lobbed the first real shot in the global (but mostly Asian) trade war when the White House announced it would slap imported solar cells and washing machines with up to 50% tariffsShow More Summary

Rupert Murdoch Wants Facebook to Pay Publishers a Fee for ‘Trusted’ News Content

News Corp. executive chairman and 21st Century Fox executive co-chairman Rupert Murdoch is taking on Silicon Valley. The media mogul released a statement today noting that if Facebook is going to revamp its news feed to ensure it's publishing the most legitimate, "trusted" news content on its platform, then it should pay publishers a carriage...

The Cast of Stranger Things Owned the SAG Awards Red Carpet on Twitter

Netflix drama Stranger Things dominated Twitter during the red carpet leading up to the 24th Annual Screen Actors Guild Awards at the Shrine Auditorium in Los Angeles Sunday night. The five most-tweeted-about celebrities from the red carpet were all from the science-fiction and horror series: Millie Bobby Brown Sadie Sink Dacre Montgomery Gaten Matarazzo Caleb...

Pope Francis apologizes to abuse victims for comments in Chile, still defends controversial bishop

Pope Francis has apologized for his highly criticized assertion during a trip to Chile last week that people who have accused a bishop of covering up the alleged sexual abuse of minors by another priest must provide proof. Francis told the media Thursday that there was no “proof” that Chilean Bishop...

Celgene is buying cancer drugmaker Juno Therapeutics for $9 billion (CELG, JUNO)

Celgene is acquiring Juno Therapeutics, a company developing personalized cancer treatments in a deal worth $9 billion. It's be the second in 2018 for the biotech giant, which has been under pressure from investors. The highly personalized...Show More Summary

Apple's bogus claim that the tax cut is making it spend more in the U.S. is just a PR sop to Trump

To hear the White House tell it, Apple’s big announcement last week that it would increase jobs and make billions in new investments in the United States is proof positive that the big tax cut President Trump signed in December is working. “I promised that my policies would allow companies like...

The L.A. Women's March: Exciting, empowering ... and polarizing?

To the editor: The Los Angeles Women’s March on Saturday was exhausting but exciting, fun and funny. (“At Women’s Marches nationwide, setting sights on the ballot box and hailing #MeToo,” Jan. 20) I had fun reading the protest signs, congratulating those who made and carried them. The signs were...

Princess Eugenie and Jack Brooksbank's royal engagement photos have been published

Princess Eugenie and Jack Brooksbank announced their engagement on Monday morning. Buckingham Palace released their official engagement photos a few hours later. Princess Eugenie and London socialite Jack Brooksbank announced their engagement...Show More Summary

IMF Raises Global GDP Outlook To Highest In 7 Years Thanks To Trump Tax Cut

Global growth will accelerate to the fastest pace in seven years as U.S. tax cuts spur businesses to invest, the International Monetary Fund says in its latest quarterly update to its World Economic Outlook. The IMF raised its forecast for world expansion to 3.9% in 2018 and 2019, up 0.2% for both years from its projection in October. Show More Summary

No Sugar High from Tax Cut Unless the Fed and Banking System Provide the Sugar

By Paul Kasriel – There has been chatter about whether the Tax Cuts and Jobs Act of 2017 (TCJA) will result in a temporary stimulus, or sugar high, to U.S. economic activity because of the increase in corporate after-tax profits and the increase in household...

VP Pence Confirms US Will No Longer Certify Iran Deal

While President Donald Trump and Congressional Republicans battle to reopen the federal government, Vice President Mike Pence traveled to Israel this week to meet with dignitaries and visit a handful of historic sites - including the...Show More Summary

What will Donald Trump be telling the WEF?

INTERNATIONAL - European leaders will be out in force at the World Economic Forum in Davos this week to defend multilateralism before US President Donald Trump arrives to deliver his “America First” message. Politicians, business chiefs,...Show More Summary

No Deal: Government Shutdown To Continue For 3rd Day As Senate Sets Monday Noon Vote

Any hope that the 2-day government shutdown could be suddenly resolved with an early morning vote on Monday morning died moments ago when Chuck Schumer said "there is no deal" while Senate Majority Leader Mitch McConnell said he is canceling...Show More Summary

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