According to Russo, there is a “clear, positive” correlation between the semiconductor space and the S&P 500. Looking at a chart of the semiconductor index, SOX, Russo explains that while semis are up almost 8 percent year to date, the group is actually weakening. The trend wouldn’t be so troubling, except that it has also repeated itself in the S&P 500. And given that the semis and the S&P 500 have a high correlation with one another, trouble could come for the market should the semis fall. If

The Evercore ISI technician identified three technical reasons why “[Morgan Stanley] has further upside.” This is the first technical reason why Ross believes Morgan Stanley is a buy. The 150-day moving average serves as a key technical indicator for the stock’s movement, Ross said on CNBC’s “Trading Nation.” But the 150-day moving average line is also hitting another key level for the stock, which is trading above $42. “There is still upside to Morgan Stanley; I would be a buyer,” he concluded.

He and a team of university colleagues want to replenish the region’s shrinking sea ice by building 10 million wind-powered pumps over the Arctic ice cap. In a research article in the journal Earth’s Future called “Arctic Ice Management,” he described it in alarming terms. “As the Earth’s climate has changed, Arctic sea ice extent has decreased drastically,” he wrote. Last November, when sea ice should have begun thickening and spreading over the Arctic as winter set in, the region warmed up. Ev

Wells Fargo and its U.S. bank regulator discussed complaints of high-pressure sales tactics as early as 2010 but officials took no action for years, according to a regulator’s review of the scandal. The report ends a seven-month evaluation of how the OCC failed to halt a scandal in which thousands of Wells Fargo employees created as many as 2 million customer accounts without their consent. The Wells Fargo board of directors was alerted in 2005 that bank tellers were being fired because they cre

The U.S. Federal Reserve should begin shedding its bond holdings soon but do so in a very gradual way that has little effect on its planned interest rate hikes, Boston Fed President Eric Rosengren said on Wednesday. Rosengren, one of the strongest Fed voices calling for rate hikes over the last 12 months, said he supports “a very gradual approach” that begins “relatively soon.” “Starting to shrink the balance sheet earlier … implies very little reduction in the degree of monetary stimulus comi

Donald Trump last week made the ominous proclamation that U.S. – Russia relations “may be at an all-time low.” Given their recent antics, you’d think this would be cause for Democrats to celebrate. Rep. Maxine Waters (D-CA) appeared to reflect a wider sentiment in the party when she suggested last month that elucidating Trump’s sinister Russian ‘ties’ ought to be the “only” issue Democrats pursue: all else flows from it. Dmitry Medvedev, the Russian prime minister generally regarded as among the

Scientists have found a planet the size of a jumbo Earth circling a nearby star, meaning it is one of the handful of worlds where astronomers’ sensors might be powerful enough to detect signs of life. The new planet, known as LHS 1140b, receives enough starlight to allow for liquid water, a prerequisite for life on Earth. Such rocky worlds seem a better bet for hosting life than do the puffy gas planets orbiting other stars. Another point in 1140b’s favor: “Its temperature is very mild and simil

The White House is aware of “potential negative impacts” from a review ordered by President Donald Trump of whether lifting sanctions through the Iran nuclear deal was in U.S. national security interests, his spokesman said on Wednesday. Asked at a news briefing if Trump had decided to pull out of the 2015 deal, White House spokesman Sean Spicer said the 90-day inter-agency review, announced on Tuesday, would make recommendations on the path forward. Asked if the White House was concerned that t

The monthly Bank of America Merrill Lynch fund manager report found 83 percent of respondents saying that domestic stocks are too expensive, a record number for data that reach back to 1999. Money is going overseas despite multiple geopolitical concerns, including the stability of the European Union. “In spite of the French presidential election starting in less than a week, investors’ perception of Europe is increasingly bullish,” said Ronan Carr, BofAML European equity strategist. Valuation ha

Cash will eventually be a fabulous asset, but not now, Dennis Gartman told CNBC on Wednesday. “It’s still a bull market,” the founder and editor of The Gartman Letter said on “Squawk Box.” “Cash at one point should be a wonderful thing to have. Gartman’s comment came two days after the three major stock indexes snapped a three-day losing streak, with the Dow rising 183 points, albeit during the lightest trading volume day of the year following the Easter holiday. On Tuesday, the three major stoc

A gross report published Monday revealed that game consoles and other entertainment devices are perfect breeding grounds for all sorts of bugs, including cockroaches. Curious to learn more, we hopped on the horn with iFixit account manager Matt Zieminski to understand what’s exactly going on. In that case, Zieminski says that you should perform regular maintenance on your console, blasting away dust (and maybe dead bugs!) “A repair shop disassembles the console and cleans it and sees if there’s

Exxon Mobil, the company once ran by Secretary of State Rex Tillerson, is seeking a waiver from U.S. sanctions on Russia, The Wall Street Journal reported Wednesday. The newspaper said Exxon has been seeking permission to work with Rosneft in areas banned by U.S. sanctions. The State Department is one of the agencies that have a say on the waiver, the Journal said. CNBC has reached out to Exxon and the Treasury Department for comment on the Journal’s report. Read the full story from The Wall Str

They put their best foot forwardTypically, when you meet a new boss, it’s as an applicant or brand new hire, and you’re focused on being your most impressive self. So, play by all the rules of professionalism to show you know what they are. Avoid taking it too farOne thing that distinguishes smart people is they know how to dial up the professionalism — without overcompensating. That’ll make it seem like you think following the rules is a switch you turned on to make a good impression (and then

A new class-action lawsuit claims high-end headphone company Bose has been tracking and distributing customers’ data without telling them. Dore said Bose Connect does have a privacy policy, but users aren’t required to view or agree: “The user does not interact with it in any way when signing up for the app. Zak and Edelson are demanding that Bose destroy all of the user data it has collected so far, and the lawsuit says that damages likely exceed $5 million. The company’s website offers several

The latest example was a failed attempt to get a win for their candidate Jon Ossoff in a special House election in Georgia. And had Ossoff won, President Trump probably would have been angry… for a few hours. So Democrats need to stop making everything they say and do all about President Trump. What so many liberals don’t understand about the Trump voters’ anger over illegal immigration is that it isn’t about hating outsiders. What they and potential swing voters need now is a reason and perso

The U.S. State Department has approved the sale of $295.6 million worth of military equipment to Iraq for artillery and infantry Kurdish peshmerga units, a Pentagon agency said on Wednesday. The equipment requested by the Iraqi government would outfit two peshmerga infantry brigades and two support artillery battalions, the Defense Security Cooperation Agency said in a statement. Congress was notified of the approval on Tuesday, and the notice does not mean the sale has been concluded, the agenc

Pharma bro Martin Shkreli will be tried separately from his former business lawyer on securities fraud charges, a federal judge ruled Wednesday. Matsumoto’s decision came less than two weeks after a hearing where lawyers for both Shkreli and Greebel requested their cases be tried separately. Matsumoto noted that Greebel’s lawyers had said they planned to introduce evidence, even if prosecutors did not, “that Shkreli lied to Greebel and other attorneys and investors.” Shkreli’s lawyers, in a prep

The x24 and x6 are equipped with 24 cameras and 6 cameras respectively. Both devices are capable of shooting in six degrees of freedom — that is, they can move forward/backward, up/down, and left/right — allowing them to capture a full 360-degree video or images. Facebook said that, while some of its partners appreciated its original open source approach it introduced with last year’s Surround 360 design, these cameras are for partners who just want one product. “We’re planning to license thes

The U.S. economy expanded at a modest-to-moderate pace between mid-February and the end of March, but inflation pressures remained in check despite more difficulties in attracting and retaining workers, the Federal Reserve said on Wednesday. “On balance, prices rose modestly,” the U.S. central bank said in its periodic gauge of the health of the economy derived from surveying business contacts nationwide. Firms mostly expected price growth to be mild to moderate over the coming months, the Fed a

You track your expensesWhether you track your purchases in a spreadsheet or use an app like Mint or You Need a Budget to do it for you, knowing how much you need to fund your lifestyle is crucial. In fact, many early retirees started their journey to financial independence by analyzing their spending habits and figuring out exactly how much they needed to retire comfortably. “You have to know what you are spending before you can plan your retirement budget,” says McCurry. “This is probably the h