BlackRock Investment Institute released its 2018 Global Investment Outlook on Monday. Terry Simpson, Multi-Asset Investment Strategist at the Institute, explains his outlook for the economy heading into the new year.
The top themes in 2018 include: room to run in economy growth, inflation making a comeback in select regions, and lower reward for risk. This year, the global stage saw big surprises in economic growth from Europe, Japan, and China. Simpson expects the economic recovery to continue, but adds that there won't be as many surprises in 2018.
On Sunday, CBOE launched futures contracts for cryptocurrency. During this first day on futures, Bitcoin surged 26 percent. Simpson says he sees tremendous opportunity for blockchain technology. But, Simpson says, now is not an opportune time to recommend that its institutional clients invest in crypto assets, because of lack of regulation and volatility.
Some pumpkin farmers in the West, particularly wholesalers in places like Colorado and New Mexico, are feeling the pinching effects of drought.
General Motors and the United Auto Workers union have reached a tentative contract agreement that could end a six-week-old strike against Detroit automakers, three people briefed on the deal said.
Apple's 8pm ET event Monday will revolve around its iMAC computer lineup of products which are expected to contain its new faster and three next-generation silicon chip.
McDonald's reported better-than-expected profit and sales in the third quarter.
Major stock indexes are slated to close lower this month as investors brace for the Federal Reserve's rate decision and ahead of new jobs data.
The Food and Drug Administration issued an alert and specifically mentioned 26 eye drop products from a number of brands.
Workers at a number of pharmacy chains nationwide were planning a walkout Monday and going through Wednesday.
President Joe Biden on Monday will sign a sweeping executive order to guide the development of artificial intelligence — requiring industry to develop safety and security standards, introducing new consumer protections and giving federal agencies an extensive to-do list to oversee the rapidly progressing technology.
Beauty tips from Allure Magazine.
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