SANTA FE, Texas (AP) — A 17-year-old armed with a shotgun and a pistol opened fire at a Houston-area high school Friday, killing 10 people, most of them students, authorities said. It was the nation’s deadliest such attack since the massacre in Florida that gave rise to a campaign by teens for gun control. …read more […]
Rep. Andy Biggs (R-Ariz.) on the report that the FBI put a spy inside the 2016 Trump campaign and why special counsel Robert Mueller’s Russia investigation can be considered politically motivated. …read more […]
“It was like a dream come true,” says “Deadpool 2” star Ryan Reynolds about his first acting gig that paid $150 a day. But he still kept his part-time job too. …read more […]
Last April, I pondered whether Ford Motor Company (NYSE:F) could afford to buy Tesla Inc (NASDAQ:TSLA). For the sake of Ford stock, here’s why I think Ford absolutely should buy Tesla. First, I should probably revisit some of my thoughts regarding the viability of Ford buying Tesla and what’s changed over 13 months. …read more […]
Trump allies are worried Thiel might not contribute to GOP candidates during the rest of the midterm race, according to sources who spoke to CNBC on the condition of anonymity. Several senior Trump advisors, including son-in-law Jared Kushner, accordin… …read more […]
House Republican leaders suffered an embarrassing setback Friday when conservatives scuttled an ambitious farm bill, part of a high-stakes power play as they once again exert their oversized sway in the House. In this case, conservatives in the House Freedom Caucus wanted to slow the momentum of bipartisan immigration legislation to help young “Dreamers.” Republican moderates are gaining ground with their immigration effort and conservatives don’t like the deals taking shape. By withholding their votes on the farm bill, they flexed their political muscle to doom both. …read more […]
President Trump has been pressuring the postmaster general to double the shipping rates the U.S. Postal Service charges e-commerce giant Amazon, according to a nearly unbelievable account in the Washington Post. Trump, of course, has been attacking Amazon for months, out of personal animosity toward its CEO, Jeff Bezos, who also owns the Washington Post, which routinely publishes unflattering Trump material (like the postal scoop it just got from, well, who knows). It must gall Trump that he can’t. …read more […]
According to new reporting from The Washington Post, President trump …read more […]
Blockchain platform Ethereum could be the next Apple, one of the iconic tech company’s co-founders said this week. According to Forbes, Steve Wozniak made this bullish prediction in front of 5,000 people at this week’s WeAreDevelopers conference in Vienna. “Ethereum interests me because it can do things and because it’s a platform,” he said, adding …read more […]
Campbell’s shares slumped 12 percent in mid-afternoon trading, hitting a more than five-year low and putting them on track for the worst one-day decline since 1999. Food companies like Campbell have been pressured as consumers increasingly move away from processed food toward healthier options. The shifting consumer tastes are partly to blame for four straight years of declines at Campbell’s U.S. soup business, a period that Morrison oversaw. …read more […]
U.S. regulators have approved a Buck Rogers makeover of Boeing Co.’s revamped 777 jetliner that will allow the tips of its massive wings to fold upward after landing so the plane can park at existing airport gates. The new wings, the largest ever created by the Chicago-based planemaker, are taking shape as Boeing builds the first of its 777X jetliners in a factory north of Seattle. …read more […]
CNBC’s Sue Herera reports on the latest developments in the deadly Santa Fe High School shooting in Texas where it is believed 8-10 people were killed. …read more […]
CNBC’s Sue Herera reports the latest on the fatal school shooting in Sante Fe, Texas. …read more […]
The local sheriff says as many as 10 people may have been killed during a shooting at a high school near Houston, most of them students. Harris County Sherriff Ed Gonzalez Harris County said there “could be 8 to 10 fatalities” from the shooting Friday morning at Santa Fe High School, about 30 miles (48 kilometers) southeast of Houston. Gonzalez says the majority of the dead are students. …read more […]
The stock market is shrinking…
And that fact should change how you invest.
According to Wilshire Associates, which compiles benchmarks for U.S. stock markets, the number of public companies peaked at around 7,500 in 1997.
Last year, that number dropped to about 3,600.
In fact, since 1970, the number of public companies has dropped 52% while the S&P 500 has increased 3,628% (including dividends).
Despite the decrease in the number of publically traded companies, the stock market has moved in one direction… up.
This indicates that fewer and fewer companies are driving the big indexes. And those that do are established names like Amazon, Apple, Exxon …read more […]
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