Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
In a heated debate on Thursday, Seymour slammed the Fleckenstein Capital founder for allegedly flip-flopping on his call that the markets are on the verge of a massive meltdown.
"You've been on this show a number of times where you've been licking your chops saying it's about to happen, and it's two or three years going on doing this, and a lot of it sounds pretty pathetic," said Seymour. "You're almost throwing in the towel."
Fleckenstein has long been in the camp that excessive monetary policies from central banks has created a bubble so large that any prick could create a swift and sudden downturn for equities. In January of 2016 Fleckenstein predicted the market would continue to fall "hard and fast." Soon after his call, the S&P 500 fell to a low of around 1,810 in February but has since recovered.
Despite the criticism, Fleckenstein maintained that he is still weary of the market at current levels. "I'm not throwing in the towel," he proclaimed. He noted that since the end of quantitative easing in October 2014, stocks have merely "limped higher," failing to make meaningful gains until a breakout in early summer. "I'm doing exactly what I've been doing … and that's being long gold and the miners."
Still, Seymour contended that the short-seller be held responsible for his past calls, saying, "It sounds like you missed a lot … a lot of this sounds kind of pathetic." To which Fleckenstein responded for Seymour to "stop being such a jerk."
The S&P 500 closed Thursday within 1 percent of its all-time high, while the Nasdaq finished the session at a record.