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
Facebook's head of Calibra David Marcus faced skepticism from lawmakers at a House Financial Services hearing on its digital currency plans.Technologyread 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
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread 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 funds are beating the market for the first time in 10 years and investor Ted Seides told CNBC it is possible they can do so over the next decade because "anything can happen in markets."
He took the bait from Buffett when he was founder and president of Protege Partners, an alternative investment firm that invested in established small and select emerging hedge funds.
However, Seides, now managing partner and advisor at Hidden Brook Investments, told CNBC's Leslie Picker on "Power Lunch " Wednesday that hedge funds are really more focused on delivering an equity-like return stream that has a low correlation to the market.
"Hedge funds really don't try to beat the market," he said. "Could it happen? Sure. How might it happen? These types of market conditions – higher interest rates, more volatility are certainly more conductive for differential returns in security selection."
In fact, those conditions are what helped managers in the $3.2 trillion hedge fund industry post a 0.38 percent gain in April. That brings the total return for the year to 0.39 percent, according to industry tracker HFR.
The HFRI Fund Weighted Composite Index finished April narrowly ahead of the S&P 500, which posted a loss, including dividends, of 0.38 percent through the first four months.
It is the first time the hedge fund industry has outperformed the stock market index since 2008.
— CNBC's Jeff Cox contributed to this report.