Morningstar’s $207 billion CIO breaks down why investors have ‘significantly overpaid’ for the biggest tech stocks — and explains what they should be doing with their money instead

Morningstar’s $207 billion CIO breaks down why investors have ‘significantly overpaid’ for the biggest...

Large tech companies were once again at the forefront of the stock market's losses on Monday. Their slump since early October is representative of the broader decline in high-growth stocks — a group that, until recently, dominated the returns investors earned during this bull market. Daniel Needham, who oversees $207 billion as the chief investment…
UK and EU negotiators have agreed on a Brexit deal

UK and EU negotiators have agreed on a Brexit deal

LONDON — UK and EU negotiating teams have agreed on a Brexit withdrawal deal which Prime Minister Theresa May will present to her Cabinet on Wednesday. The UK government has confirmed reports that May's most senior ministers will read the details of the draft agreement this evening before a special Cabinet meeting at 14:00 (GMT)…
Amazon officially announces its HQ2 will be split between New York and Virginia

Amazon officially announces its HQ2 will be split between New York and Virginia

Amazon has finally, officially made a decision. The company announced it will split its second headquarters project, which it calls HQ2, in two. The winning locations — the Long Island City neighborhood of Queens, New York, and the National Landing area of Arlington, Virginia — will each get roughly half of the 50,000 employees promised,…
The CEO of the Indian e-commerce giant that Walmart bought a $16 billion stake in has resigned amid an allegation of personal misconduct (WMT)

The CEO of the Indian e-commerce giant that Walmart bought a $16 billion stake...

AP Flipkart Group CEO Binny Bansal has resigned following "an allegation of serious personal misconduct," according to a press release. The release did not elaborate on the allegation but said Bansal "strongly denies" it. An independent study did not corroborate the allegation but found Bansal made lapses in judgment, according to the release. In May,…
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, T, SHLD, GE)

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA,...

AP/Ringo H.W. Chiu Here is what you need to know. China is sending a senior official to the US to try to defuse the trade war. Chinese Vice Premier Liu He will fly to Washington with the hopes of meeting senior officials before the expected informal talks between President Donald Trump and Chinese President Xi…
Trump mocks France’s WWII record in continued threat of NATO pullout

Trump mocks France’s WWII record in continued threat of NATO pullout

President Donald Trump appeared to mock France's record in World War I and II in a Tuesday morning tweet that again waved the idea of the US pulling out of, or modifying its relationship to NATO. French President Emmanuel Macron has long pushed for a European army separate from NATO, the global alliance that includes…
One of China’s most senior officials is going to the US to try and diffuse Trump’s trade war

One of China’s most senior officials is going to the US to try and...

Trade relations between the US and China appear to be thawing a little ahead of an informal meeting between President Donald Trump and his counterpart Xi Jinping later this month. Trump and Xi are expected to hold an informal meeting on the sidelines of the G20 in Buenos Aires, Argentina at the end of November,…
Wall Street analysts expect Netflix to raise prices soon — and say US subscribers would be willing to pay a lot more

Wall Street analysts expect Netflix to raise prices soon — and say US subscribers...

Netflix has invested heavily in its original TV shows and movies this year, dropping an estimated $8 billion to release 1,000 original shows and movies by the year's end. And a new survey indicates the success of that initiative will give Netflix room to raise prices. Analysts at Wall Street firm Piper Jaffray conducted a…
Before-and-after photos show the devastating destruction in Malibu as the California wildfires rage on

Before-and-after photos show the devastating destruction in Malibu as the California wildfires rage on

California has been overtaken by a string of deadly wildfires, which continue to blaze in Ventura and Los Angeles Counties to the south and the town of Paradise, California to the north. Since the fires began on November 8, few communities have been more devastated than Malibu, a wealthy enclave that's been engulfed by the…
Hedge funds just suffered through their worst month in 8 years — here’s why their struggles could just be getting started

Hedge funds just suffered through their worst month in 8 years — here’s why...

The stock market's so-called Red October was a tough time for investors of all shapes and sizes. But few parties felt the pain like hedge funds, which turned in a rocky month for the ages. A large universe tracked by Hedge Fund Research lost almost 3% in October, its worst month since May 2010, when…

Must Read

- Advertisement -