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Wall Street Week Ahead – Conditions may be set for Santa Claus rally

A year after the U.S. stock market plunged, many investors believe conditions are in place to avoid another year-end pullback and possibly set the stage for a rally to finish off 2019. A more accommodative Federal Reserve compared with a year ago is an important argument for investors who are confident the market is unlikely to see a repeat of 2018’s swoon. Last year, investors were concerned the Fed was raising interest rates too quickly. …read more […]

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Mailbag: Commit or Go Home

Q: What’s the very first thing you need to consider before you start investing in startups?
A: Let’s start with a couple of assumptions. I’m going to assume you know that startups are more risky than most assets in your portfolio. I’m also assuming you know there’s more upside to startups than most assets in your portfolio. Those are important things to take into account before beginning your startup investing journey.
But in the spirit of you asking for something less obvious, I’m going in a different direction.
The most important thing to consider before you start is commitment. Investing in startups is …read more […]

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Exclusive: Chevron CEO plans major cost-cutting overhaul of production teams – sources

Chevron has been among the strongest performers among the big oil majors but the company is trying to stay ahead of weakness in shale that has hurt other large oil exploration companies. “The company is proactively evaluating existing operating models and structures to better position Chevron to compete and win in any environment,” said Chevron spokesman Kent Robertson. Known for cost cutting at refining and chemical operations earlier in his career, Wirth’s overhaul will apply those skills to Chevron’s upstream operations, which supply 90% of profit but face challenges from shale fields that require constant investment to keep …read more […]

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Tesla Truck Unveiling Is 'Black Eye' for Musk, Wedbush's Ives Says

Nov.22 — Dan Ives, Wedbush Equity Research managing director, reacts to Tesla Inc.’s unveiling of its new “Cybertruck” where two of the truck’s windows were smashed with a metallic ball during a demonstration. He speaks with Bloomberg’s Jonathan Ferro on “Bloomberg The Open.” …read more […]