GOLDMAN SACHS: 6 dangerous words are depriving many investors of returns from the hottest investment right now

GOLDMAN SACHS: 6 dangerous words are depriving many investors of returns from the hottest investment right now

Commodities are this year’s best-performing asset class, with crude oil continuing to recover from its worst crash in over four decades. But the lingering impact of that crash is precisely why many investors are still nervous about diving in, to the dissatisfaction of Goldman Sachs’ commodity strategists. They’ve been overweight the asset class since 2016,…

Argentina’s woes ‘may be tip of the iceberg’ of an even bigger crisis for world economy

Argentina’s woes ‘may be tip of the iceberg’ of an even bigger crisis for world economy

LONDON — The dramatic events in Argentina may be the “tip of the iceberg” of a broader systemic crisis across Asia, Latin America and Africa, the top emerging market watchdog has warned. The Institute of International Finance says powerful contractionary forces are coming to bear as the U.S. Federal Reserve tightens monetary policy, draining dollar…

IBM says it is ‘absolutely not’ looking for a new CEO despite swirling rumors that other candidates are being approached by top recruiting firms

IBM says it is ‘absolutely not’ looking for a new CEO despite swirling rumors that other candidates are being approached by top recruiting firms

IBM CEO Ginni Rometty. AP Photo/Manu Fernandez IBM is absolutely not looking for a new CEO, a company representative tells Business Insider. That said, we’ve heard that several top executive-recruiting firms have been approaching people about throwing their names in the hat, including at least two outsiders and one IBM insider, according to someone with…

Multiple injuries reported after school bus and dump truck collide on New Jersey highway

Multiple injuries reported after school bus and dump truck collide on New Jersey highway

Emergency personnel work at the scene of a school bus and dump truck collision on Interstate 80 in Mount Olive, New Jersey on May 17, 2018. Associated Press/Seth Wenig Multiple people were injured when a school bus full of fifth graders collided with a dump truck on a New Jersey highway on Thursday, authorities said.…

Victoria now home to the hottest luxury housing market in the world

Victoria now home to the hottest luxury housing market in the world

Victoria, B.C. has landed the top spot on Christie’s global list of hottest luxury housing markets. The real estate arm of the famed auction company says strong year-over-year sales growth and high domestic demand for housing catapulted the Vancouver Island community to lead a list of cities around the world on the annual list. Trailing…

GOLDMAN SACHS: Tesla may need $10 billion in fresh cash in the next 18 months (TSLA)

GOLDMAN SACHS: Tesla may need $10 billion in fresh cash in the next 18 months (TSLA)

Mike Blake/Reuters Add Goldman Sachs to the list of Tesla skeptics. The bank told clients Thursday that the electric automaker may need $10 billion over the next 18 months in order to stay afloat and meet production demands. “Between its current operations, anticipated new product spend, and incremental capacity additions, we see Tesla potentially requiring…

Evidence is mounting that Apple has picked a location for its new campus that could create as many as 10,000 jobs

Evidence is mounting that Apple has picked a location for its new campus that could create as many as 10,000 jobs

Apple said earlier this year that it planned to build a new campus somewhere in the United States for thousands of new employees. It increasingly looks as though the new Apple campus could land in Cary, North Carolina, close to Duke University, where several top Apple executives went to school. On Wednesday, Raleigh’s WRAL news…

Walmart beats as online sales surge (WMT)

Walmart beats as online sales surge (WMT)

Jim Anderson/AP Photos Walmart on Thursday reported first-quarter earnings and sales that topped analysts’ expectations, boosted by strong online sales.  America’s largest brick-and-mortar retailer said e-commerce sales surged by 33% compared with the same period last year. Online sales were up 23% year-over-year in the fourth quarter.  “We are changing from within to be faster…

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, CSCO)

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, CSCO)

Reuters/David Mercado Here is what you need to know. The 10-year crosses 3.10%. The US 10-year yield hit a high of 3.102% Thursday morning, its highest in seven years. Oil briefly tops $80 for the first time since 2014. Brent crude oil, the international benchmark, touched a high of $80.18 a barrel Thursday morning, making…