It turns out investors probably should heed those national park signs warning hikers to “Beware of Bears.” In a 1966 Newsweek article, the eminent economist Paul Samuelson famously quipped that the stock market had predicted nine of the past five recessions. It’s a remark that is often repeated to deride the powers of the stock market to predict the economy. CNBC went back to see if Samuelson was right and, if so, does he remain right? As the gauge of the market, we looked at all the bear markets of the postwar era, using data compiled by the financial research…
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Sony is bringing more than just the usual new smartphone announcements to Mobile World Congress. The company is also trying to peer into the future with three Xperia“concept” products, both of which emphasize machine learning and natural interactions. The first concept, dubbed Xperia Eye, is a tiny wearable camera with a wide-angle lens, small enough to clip to a shirt or wear around the neck. Sony touts the camera’s “intelligent shutter technology,” which can automatically take photos and video when it recognizes people’s faces and voices. The idea is to “preserve life’s moments without thinking about the technology,” Sony says,…
Mohamed El-Erian, the chief economic adviser at Allianz SE,said on Thursday that with volatility rising, the markets effectively have served as front-runners to the Federal Reserve in tightening global financial conditions. “I doubt we will see the four rate hikes signaled a few weeks ago by Fed officials,”El-Erian said. “Two hikes are likely, if not less.” William Dudley, president of the Federal Reserve Bank of New York, said on Wednesday that financial conditions have tightened considerably in the weeks since the Fed raised rates. He added that policymakers will take that into consideration if the phenomenon persists. So far this…
Around it goes! LG’s rolling bot will keep watch on your home … at least until the stairs Similar Mobile View the transcript More Mobile Review: Meet the Nextbit Robin, an Android phone that never lets you run out of space (2:46) Most Memorable Moments of MWC 2015 (3:23) Samsung Galaxy S7 rumor roundup(5:02) When are VR and AR coming to my iPhone? (2:05) Cat S60 is the first smartphone with infrared imaging (1:50) Facebook plans Internet drone tests, says Mark Zuckerberg (2:06) Now Playing LG’s nifty rolling robot trundles around (1:32) LG’s smartphone modules explained(1:16) Samsung S7 and S7…
Morgan Stanley has downgraded its outlook for oil prices, expecting low prices to persist for longer than previously thought as the supply and demand imbalance looks set to continue for at least another two years. The bank lowered its average 2016 Brent price forecast to $30 per barrel, down from $49 previously. Morgan Stanley now expects an average price of $40 per barrel in 2017 as oversupply persists, before climbing past $50 by the end the year to average $70 by 2018. Gary Gladstone | Getty Images “To rebalance the market, we maintain that demand must ‘catch up’ to supply,…
When you think of the name Huawei, you likely think of servers or Android devices—or you don’t think of them at all, since Huawei is hardly a major brand name in the U.S. The company is hoping to change that, though, with the introduction of its first convertibleWindows tablet, the Huawei MateBook. The MateBook is a productivity-focused tablet akin to the Microsoft Surface. It’s lighter, thinner, and way more svelte, not to mention it’s accompanied by a trio of accessories that are actually quite useful. Here’s a quick look at a few of the standout features of Huawei’s first-ever…
Amid the market volatility in 2016, gold futures prices are already up nearly 8 percent this year. After posting three consecutive years of losses and falling to the lowest level in six years back in November, gold prices are once again on the rise as investors seek shelter from the global volatility in the commodity known for its safe haven appeal. On Wednesday, bullion hit an intraday high of $1,146 per ounce, the highest level since October. What if prices keep rising over the next one month? Using data from Kensho, a tool designed to quantify historical market events, CNBC…
A Chinese iOS application recently found on Apple’s official store contained hidden features that allow users to install pirated apps on non-jailbroken devices. Its creators took advantage of a relatively new feature that lets iOS developers obtain free code-signing certificates for limited app deployment and testing.The number of malware programs for iOS has been very low until now primarily because of Apple’s strict control of its ecosystem. Devices that have not been jailbroken—having their security restrictions removed—only allow apps obtained from the official App Store, after they’ve been reviewed and approved by Apple. There is a separate method for enterprises to…
im Cramer had to give some credit to the markets on Wednesday. They finally started to make sense, and there was one move in particular with the price of oil that gave him a glimmer of hope. And when the price of oil turned up on Wednesday, suddenly it took the averages with it, which is how the Dow Jones went from being down 193 points before the reversal and finished up 183 points. “Something really profound happened today. The stocks of the companies that were most on the ropes in the oil patch … led the rally, and that’s…
There’s been a ton of ink spilled over the last several days regarding Apple’s (justified, in my opinion) refusal to create a “one-time” backdoor giving the FBI access to encrypted data stored on an iPhone 5c owned by San Bernardino County. And there are far smarter minds than mine already arguing the whys and wherefores of whether Apple should or should not bow to the demands of the FBI, Justice Department, and Magistrate Court. If you’re looking to better understand the legal implications of this court order, start here,here, here, and here. That’ll keep you busy for an hour or…