CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
The growth in net interest income, a main engine of the industry's profit, looks to slow to a halt in the back half of this year.Banksread more
Amazon also said that on Monday and Tuesday it sold more Amazon devices — like the Echo Dot, the Fire TV Stick and Alexa Voice Remote — over a two-day period than it ever has...Retailread more
The news comes after eBay announced a strategic portfolio review on March 1.The Faber Reportread more
If the S&P 500 climbs another 4%, it will have doubled the peak reached in the previous bull market, Michael Santoli notes.Trading Nationread more
Ascending triangle patterns have been appearing across the stock market, and they tend to be precursors to higher prices, says Miller Tabak's Matt Maley.Trading Nationread more
Netflix reports earnings Wednesday as it loses licensed shows to rivals launching their own streaming services.Technologyread more
Hedge fund manager Kyle Bass reportedly thinks that U.S. interest rates will plummet toward zero in 2020 as the economy heads for recession.Hedge Fundsread more
Shares of beauty and wellness products company Nu Skin tanked on Wednesday after the company said China's crackdown on health products is weighing on sales.Investingread more
Buying stocks when they are this expensive has historically led to lower returns, data compiled by Ned Davis Research shows.Marketsread more
One strategist says 2016 is a terrific year to be a well-diversified investor, for now.
"One, because bonds have been excellent stabilizers for the few air pockets we've hit with stocks to help stabilize portfolio," Jeff Knight, co-head of global asset allocation at Columbia Threadneedle Investments, said on Thursday.
"And two because the more diversified assets like commodities or credit or emerging markets have done very well," he told CNBC's "Power Lunch. "
Knight cautions, however, that the bliss may not last until the end of the year. He said due to the easy money environment, "so many of these things have been bid up in price" and could come back down.
The Federal Reserve raised its federal funds rate in December, but rates are still at historically low levels. Analysts say the Fed is likely to hike rates at least once in 2016, either in September or at the end of the year.
Knight also said banks and the rest of the financial sector have been flat but are now starting to break out, "fitting with the theme of the benign environment."