Billionaire James Dyson reportedly buys $54 million penthouse in Singapore

The Wallich Residence is located within the Tanjong Pagar Centre (second from right), Singapore’s tallest building. British technology firm founder James Dyson and his wife have bought a luxury penthouse in Singapore for a record 73.8 million Singapore dollars ($54.2 million), according to The Business Times newspaper on Wednesday. The privately held company Dyson founded is known for selling $400 hair dryers and sleekly designed vacuum cleaners. The Business Times did not specify its sources, b


The Wallich Residence is located within the Tanjong Pagar Centre (second from right), Singapore’s tallest building. British technology firm founder James Dyson and his wife have bought a luxury penthouse in Singapore for a record 73.8 million Singapore dollars ($54.2 million), according to The Business Times newspaper on Wednesday. The privately held company Dyson founded is known for selling $400 hair dryers and sleekly designed vacuum cleaners. The Business Times did not specify its sources, b
Billionaire James Dyson reportedly buys $54 million penthouse in Singapore Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: huileng tan
Keywords: news, cnbc, companies, 54, james, wife, reportedly, million, singapore, dyson, wednesdaythe, buys, newspaper, business, penthouse, billionaire, records, times, wire


Billionaire James Dyson reportedly buys $54 million penthouse in Singapore

The Wallich Residence is located within the Tanjong Pagar Centre (second from right), Singapore’s tallest building.

British technology firm founder James Dyson and his wife have bought a luxury penthouse in Singapore for a record 73.8 million Singapore dollars ($54.2 million), according to The Business Times newspaper on Wednesday.

The privately held company Dyson founded is known for selling $400 hair dryers and sleekly designed vacuum cleaners.

The Business Times did not specify its sources, but local newspaper The Straits Times said it had reviewed documents revealing the purchase.

Official title records seen by Reuters show billionaire Dyson and his wife became tenants of the 99-year leasehold property on June 20. The records did not state the price paid, the wire said.


Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: huileng tan
Keywords: news, cnbc, companies, 54, james, wife, reportedly, million, singapore, dyson, wednesdaythe, buys, newspaper, business, penthouse, billionaire, records, times, wire


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Magnitude 5.4 quake strikes near Anchorage, Alaska: USGS

A 5.4 magnitude earthquake struck near Anchorage, Alaska, on Sunday, the U.S. Geological Survey said. There were no immediate reports of damage or casualties. The quake was 7 miles (11 km) southwest of Point MacKenzie and 25 miles deep. A powerful 7.0 magnitude earthquake struck near Anchorage, a city of 300,000 people, in November, buckling roads, disrupting phone service and causing minor damage.


A 5.4 magnitude earthquake struck near Anchorage, Alaska, on Sunday, the U.S. Geological Survey said. There were no immediate reports of damage or casualties. The quake was 7 miles (11 km) southwest of Point MacKenzie and 25 miles deep. A powerful 7.0 magnitude earthquake struck near Anchorage, a city of 300,000 people, in November, buckling roads, disrupting phone service and causing minor damage.
Magnitude 5.4 quake strikes near Anchorage, Alaska: USGS Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-13  Authors: brad quick
Keywords: news, cnbc, companies, 54, miles, southwest, service, anchorage, alaska, strikes, struck, usgs, near, earthquake, survey, damage, quake, magnitude


Magnitude 5.4 quake strikes near Anchorage, Alaska: USGS

A 5.4 magnitude earthquake struck near Anchorage, Alaska, on Sunday, the U.S. Geological Survey said. There were no immediate reports of damage or casualties.

The quake was 7 miles (11 km) southwest of Point MacKenzie and 25 miles deep.

A powerful 7.0 magnitude earthquake struck near Anchorage, a city of 300,000 people, in November, buckling roads, disrupting phone service and causing minor damage.


Company: cnbc, Activity: cnbc, Date: 2019-01-13  Authors: brad quick
Keywords: news, cnbc, companies, 54, miles, southwest, service, anchorage, alaska, strikes, struck, usgs, near, earthquake, survey, damage, quake, magnitude


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Nvidia’s 54 percent plunge this quarter makes it the biggest loser in S&P 500

Nvidia’s meteoric rise from early 2016 through September of this year lifted its market value from $14 billion to over $175 billion. Demand was skyrocketing for processors that could handle workloads for artificial intelligence and mining of cryptocurrencies. During the fourth quarter, investors have dumped Nvidia’s stock, cutting the price by 54 percent, making it the worst performer in the S&P 500 over that stretch. The Nasdaq is down 21 percent for the quarter, on pace for its steepest drop s


Nvidia’s meteoric rise from early 2016 through September of this year lifted its market value from $14 billion to over $175 billion. Demand was skyrocketing for processors that could handle workloads for artificial intelligence and mining of cryptocurrencies. During the fourth quarter, investors have dumped Nvidia’s stock, cutting the price by 54 percent, making it the worst performer in the S&P 500 over that stretch. The Nasdaq is down 21 percent for the quarter, on pace for its steepest drop s
Nvidia’s 54 percent plunge this quarter makes it the biggest loser in S&P 500 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: jordan novet, source
Keywords: news, cnbc, companies, 54, quarter, worst, stock, nvidias, makes, sp, loser, biggest, 500, stocks, fourth, market, plunge, billion


Nvidia's 54 percent plunge this quarter makes it the biggest loser in S&P 500

Nvidia’s meteoric rise from early 2016 through September of this year lifted its market value from $14 billion to over $175 billion. Demand was skyrocketing for processors that could handle workloads for artificial intelligence and mining of cryptocurrencies.

That’s the past.

During the fourth quarter, investors have dumped Nvidia’s stock, cutting the price by 54 percent, making it the worst performer in the S&P 500 over that stretch. The stock fell 4.1 percent to $129.57 on Friday.

Nvidia has gotten caught up in a broader swoon that’s pushed down all the major indexes and had a particularly large impact on the stocks that led the bull market. The Nasdaq is down 21 percent for the quarter, on pace for its steepest drop since the fourth quarter of 2008, and the S&P 500 has tumbled 16 percent.

Chip stocks have been hit hard. The PHLX Semiconductor Sector Index, which consists of 30 companies including Nvidia, has dropped 19 percent, with Advanced Micro Devices plummeting 45 percent and Micron falling 33 percent.


Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: jordan novet, source
Keywords: news, cnbc, companies, 54, quarter, worst, stock, nvidias, makes, sp, loser, biggest, 500, stocks, fourth, market, plunge, billion


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Thanksgiving by the numbers: 45 million turkeys, 3,000 calories, 54 million travelers

Thursday, Americans all across the country will sit down with friends and family to do the same thing: celebrate Thanksgiving. So how many turkeys will the collective country eat? How many calories is that and how much will the meal cost? And how many people will hit the road for the holiday? Here’s your Thanksgiving by the numbers.


Thursday, Americans all across the country will sit down with friends and family to do the same thing: celebrate Thanksgiving. So how many turkeys will the collective country eat? How many calories is that and how much will the meal cost? And how many people will hit the road for the holiday? Here’s your Thanksgiving by the numbers.
Thanksgiving by the numbers: 45 million turkeys, 3,000 calories, 54 million travelers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: catherine clifford, liliboas, istock, getty images
Keywords: news, cnbc, companies, thanksgiving, sit, calories, million, meal, thing, 54, travelers, holidayheres, country, turkeys, numbers, 45, road, 3000, thanksgivingso


Thanksgiving by the numbers: 45 million turkeys, 3,000 calories, 54 million travelers

Thursday, Americans all across the country will sit down with friends and family to do the same thing: celebrate Thanksgiving.

So how many turkeys will the collective country eat? How many calories is that and how much will the meal cost? And how many people will hit the road for the holiday?

Here’s your Thanksgiving by the numbers.


Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: catherine clifford, liliboas, istock, getty images
Keywords: news, cnbc, companies, thanksgiving, sit, calories, million, meal, thing, 54, travelers, holidayheres, country, turkeys, numbers, 45, road, 3000, thanksgivingso


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Sanctuary law setback in CA could boost US immigration enforcement

Also known as the California Values Act, the so-called sanctuary law bars local authorities from asking about the immigration status of people during routine interactions, or participating in most federal immigration enforcement actions. The ruling could boost federal immigration enforcement efforts, by giving the U.S. Immigration and Customs Enforcement agency more access to certain local jails. There also are many medium-sized cities on the list, including some that have already passed measure


Also known as the California Values Act, the so-called sanctuary law bars local authorities from asking about the immigration status of people during routine interactions, or participating in most federal immigration enforcement actions. The ruling could boost federal immigration enforcement efforts, by giving the U.S. Immigration and Customs Enforcement agency more access to certain local jails. There also are many medium-sized cities on the list, including some that have already passed measure
Sanctuary law setback in CA could boost US immigration enforcement Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-29  Authors: jeff daniels, mindy schauer, orange county register via getty images, digital first media, getty images
Keywords: news, cnbc, companies, local, cities, boost, enforcement, federal, immigration, 54, sanctuary, law, ca, laws, setback, sb, ruling


Sanctuary law setback in CA could boost US immigration enforcement

One of California’s centerpiece laws designed to protect undocumented immigrants was dealt a setback this week, one which may ultimately boost the Trump administration’s strict immigration enforcement efforts.

Late Thursday, an Orange County Superior Court judge ruled in favor of Huntington Beach, a city that has challenged state Senate Bill 54 (SB 54), declaring that it violated the city’s right to local control. Also known as the California Values Act, the so-called sanctuary law bars local authorities from asking about the immigration status of people during routine interactions, or participating in most federal immigration enforcement actions.

Back in April, Huntington Beach — one of at least 121 charter cities in California — filed a complaint contending that the Golden State’s Constitution gave it local autonomy and independence over certain laws, including police departments and local resources.

The ruling could boost federal immigration enforcement efforts, by giving the U.S. Immigration and Customs Enforcement agency more access to certain local jails. Prior to SB 54, federal immigration agents routinely received space within local prisons and jails when they requested, as part of enforcement efforts to identify and transfer immigrants with certain felonies to federal custody.

The California Attorney General’s Office, which had fought the case, didn’t respond to CNBC’s request for comment.

The list of charter cities in California includes some of the state’s largest, including Los Angeles, San Diego, San Francisco, San Jose and Fresno. There also are many medium-sized cities on the list, including some that have already passed measures against the state’s sanctuary law policies.

However, Thursday’s ruling didn’t appear to apply to those other counties.

“To me, having SB 54 declared unconstitutional at any level is a massive victory [for the city] and a massive defeat for the state,” said Michael Gates, the city attorney for Huntington Beach. He said the ruling doesn’t just exempt the coastal city from the law, tut other charter cities throughout the state.

In March, the Trump administration filed a lawsuit in federal court against California, contending that three different state laws passed in 2017 to protect undocumented immigrants against deportation violate the U.S. Constitution. Those laws include SB 54, which was authored by state Senate leader Kevin de Leon, D-Los Angeles, who is a candidate running to unseat U.S. Democratic Senator Dianne Feinstein. De Leon’s office didn’t immediately respond to a request for comment.

In July, a federal judge in Sacramento upheld SB 54, a ruling that was appealed to the Ninth Circuit Court of Appeals.

Some opponents of SB 54 have said it jeopardizes the safety of the public, because it made it tougher to get incarcerated immigrants once they are released from jails into the custody of federal immigration agents. They say it can result in violent criminals being released back into communities.

In May, President Donald Trump invited a group of local officials opposed to California’s sanctuary law policies to the White House to discuss the issue. At the meeting, Trump praised the officials for having “bravely resisted California’s deadly and unconstitutional sanctuary state laws.” The president also said the sanctuary policies are wrong because they provide a “safe harbor to some of the most vicious and violent offenders on earth.”

Fred Whitaker, chairman of the Orange County Republican Party and an attorney, called Thursday’s ruling “a good victory for the 121 charter cities and I think it also helps the case of the many general law cities that also have taken a stand in opposition to SB 54.”

Whitaker believed the ruling could be a boost for GOP candidates running in Orange County, which has been ground zero for opposition to the sanctuary policies.

Earlier this year, the Orange County city of Los Alamitos was one of the first local jurisdictions to take a stand against the state’s sanctuary law policies, and was followed by Huntington Beach, Dana Point, Laguna Niguel and Lake Forest.

The board of supervisors for several counties have also come out against the California sanctuary laws, including Orange, San Diego, Kern, Tehama, Siskiyou and Shasta.

“Most cities who are going to be arresting people are going to be booking those people into county jails, said Annie Lai, co-director of the Immigrant Rights Clinic at the University of California-Irvine. “So counties are a big part of this story and the counties would not be able to ‘opt out’ of SB 54.”


Company: cnbc, Activity: cnbc, Date: 2018-09-29  Authors: jeff daniels, mindy schauer, orange county register via getty images, digital first media, getty images
Keywords: news, cnbc, companies, local, cities, boost, enforcement, federal, immigration, 54, sanctuary, law, ca, laws, setback, sb, ruling


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Supreme Court’s conservatives mark return to power with major rulings, minor punts

Gorsuch, at 50 the court’s youngest member, was in the majority more often than anyone but Chief Justice John Roberts and Justice Anthony Kennedy, the perennial swing vote. He wrote several 5-4 decisions, including a major one upholding corporations’ use of individual arbitration rather than class-action lawsuits to resolve workplace disputes. Further pointing to the term’s divisiveness: Less than one-third of the court’s cases were decided unanimously, a low yield not seen in nearly a decade. T


Gorsuch, at 50 the court’s youngest member, was in the majority more often than anyone but Chief Justice John Roberts and Justice Anthony Kennedy, the perennial swing vote. He wrote several 5-4 decisions, including a major one upholding corporations’ use of individual arbitration rather than class-action lawsuits to resolve workplace disputes. Further pointing to the term’s divisiveness: Less than one-third of the court’s cases were decided unanimously, a low yield not seen in nearly a decade. T
Supreme Court’s conservatives mark return to power with major rulings, minor punts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-27  Authors: richard wolf, win mcnamee, getty images
Keywords: news, cnbc, companies, courts, wrote, punts, law, minor, conservatives, kennedy, major, power, conservative, 54, supreme, mark, cases, return, court, justice, rulings, term


Supreme Court's conservatives mark return to power with major rulings, minor punts

“The court is moving in a somewhat conservative direction,” said Neal Devins, who directs the Institute of Bill of Rights Law at William & Mary Law School. “At the same time, they’re making compromises and ruling narrowly.”

Several factors have contributed to the rightward trend, none more important than Justice Neil Gorsuch’s first full term as successor to the late Justice Antonin Scalia. It was Scalia’s death in February 2016 that left the court with only eight members for more than a year, resulting in several deadlocked votes.

Gorsuch, at 50 the court’s youngest member, was in the majority more often than anyone but Chief Justice John Roberts and Justice Anthony Kennedy, the perennial swing vote. He wrote several 5-4 decisions, including a major one upholding corporations’ use of individual arbitration rather than class-action lawsuits to resolve workplace disputes.

Had Scalia’s seat been filled instead by federal appeals court Judge Merrick Garland — President Obama’s choice, who was denied consideration in 2016 by Senate Republicans — that case and the entire term likely would have looked very different.

“The conservatives have had such a bad run the last couple years that by comparison, this is such a demonstrable change,” said Josh Blackman, a South Texas College of Law associate professor and creator of the FantasySCOTUS blog.

Thirteen times this term, the court ruled 5-4 along the same ideological lines. That included several decisions beneficial to Republicans and harmful to Democrats: denying public employee unions the right to collect fees from non-members, approving a strict method of purging voters from registration rolls in Ohio (a swing state), and upholding most GOP-drawn election districts in Texas (a future swing state).

By contrast, the court’s four most conservative justices have not been on the losing end of any 5-4 rulings — a frequent occurrence in prior years, when Kennedy would join the liberals.

Further pointing to the term’s divisiveness: Less than one-third of the court’s cases were decided unanimously, a low yield not seen in nearly a decade. Instead, the justices wrote lengthy opinions and dissents almost by rote, turning what had appeared to be routine cases into major disputes.

Read more from USA Today:

Supreme Court allows states to collect sales taxes on more online transactions

Supreme Court strikes down ban on sports betting in victory for New Jersey

Supreme Court justices voice support for digital privacy

Kennedy back in the fold?

Kennedy, most often the deciding vote in close cases, represents another key factor. As he considers retirement at age 81, he has returned to the conservative fold. Over the course of the term, he sided with each of his conservative colleagues more often than any of the liberals — a 180-degree reversal from three years ago.

“The 5-4 decisions broke for the conservatives because Justice Kennedy was on their side,” Michael McConnell, a former federal appeals court judge who directs the Constitutional Law Center at Stanford Law School, said. “These things depend heavily on the happenstance of what cases occur in particular terms. I do not think any of the cases this term, taken separately, were surprising votes for Kennedy.”

Kennedy’s metamorphosis was most apparent this month. Despite a long history of support for gay rights, he authored the court’s 7-2 opinion on narrow grounds that absolved a Colorado baker of discrimination for refusing to create a wedding cake for a same-sex couple. And two cases on political manipulation of election districts that hinged on his vote were punted on procedural grounds without a word from him.

That followed several terms in which Kennedy had delivered unlikely victories for the court’s liberal wing, led by Justice Ruth Bader Ginsburg. Two years ago, his votes upheld the use of affirmative action in college admissions and struck down burdensome restrictions on abortion rights. The year before, he wrote the court’s landmark decision in favor of same-sex marriage and helped to uphold federal subsidies under Obamacare.


Company: cnbc, Activity: cnbc, Date: 2018-06-27  Authors: richard wolf, win mcnamee, getty images
Keywords: news, cnbc, companies, courts, wrote, punts, law, minor, conservatives, kennedy, major, power, conservative, 54, supreme, mark, cases, return, court, justice, rulings, term


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Homeowners are sitting on $5.4 trillion in ready cash, the most ever

Rising home values are making homeowners richer, a lot richer. The brought the collective amount of so-called tappable equity to $5.4 trillion, which is 10 percent more than at the pre-recession peak in 2005. Unlike during the last peak, homeowners today are far more conservative and lenders are stricter. Last year, even with record equity, homeowners took out only $262 billion via cash-out refinances or home equity lines of credit, or HELOCs. While that is another post-recession peak in dollars


Rising home values are making homeowners richer, a lot richer. The brought the collective amount of so-called tappable equity to $5.4 trillion, which is 10 percent more than at the pre-recession peak in 2005. Unlike during the last peak, homeowners today are far more conservative and lenders are stricter. Last year, even with record equity, homeowners took out only $262 billion via cash-out refinances or home equity lines of credit, or HELOCs. While that is another post-recession peak in dollars
Homeowners are sitting on $5.4 trillion in ready cash, the most ever Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-04-02  Authors: diana olick, suzanne kreiter, the boston globe, getty images, carlo allegri
Keywords: news, cnbc, companies, equity, richer, values, homeowners, lenders, value, trillion, billion, sitting, 54, ready, cash, record, peak


Homeowners are sitting on $5.4 trillion in ready cash, the most ever

Rising home values are making homeowners richer, a lot richer. Whether they choose to use it or not, the amount of equity today’s homeowners are able to tap is at the highest level on record, according to a new report from Black Knight.

Over the course of 2017, the amount of money a borrower can take out of a home while still leaving 20 percent in it, which is what most lenders require, rose by $735 billion, the largest annual increase by dollar value on record. The brought the collective amount of so-called tappable equity to $5.4 trillion, which is 10 percent more than at the pre-recession peak in 2005.

Unlike during the last peak, homeowners today are far more conservative and lenders are stricter. Last year, even with record equity, homeowners took out only $262 billion via cash-out refinances or home equity lines of credit, or HELOCs. While that is another post-recession peak in dollars, it is less than 1.25 percent of all available equity, a four-year low.


Company: cnbc, Activity: cnbc, Date: 2018-04-02  Authors: diana olick, suzanne kreiter, the boston globe, getty images, carlo allegri
Keywords: news, cnbc, companies, equity, richer, values, homeowners, lenders, value, trillion, billion, sitting, 54, ready, cash, record, peak


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Economy to grow at 5.4% rate in first quarter, Atlanta Fed tracker shows

The economy is on track to put up blockbuster growth numbers in the first quarter, according to the latest forecast from the Atlanta Fed. GDP is expected to surge 5.4 percent to start 2018, the central bank branch estimated in its latest rolling look at how the economy is progressing. If the forecast holds, it would be the best quarter since the Great Recession ended in 2009. Productivity, however, continues to be lackluster, falling 0.1 percent in the fourth quarter against an expected rise of


The economy is on track to put up blockbuster growth numbers in the first quarter, according to the latest forecast from the Atlanta Fed. GDP is expected to surge 5.4 percent to start 2018, the central bank branch estimated in its latest rolling look at how the economy is progressing. If the forecast holds, it would be the best quarter since the Great Recession ended in 2009. Productivity, however, continues to be lackluster, falling 0.1 percent in the fourth quarter against an expected rise of
Economy to grow at 5.4% rate in first quarter, Atlanta Fed tracker shows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-02-01  Authors: jeff cox
Keywords: news, games, cnbc, companies, percentthat, growth, fed, 54, latest, quarter, atlanta, tracker, forecast, shows, economy, expected, surge, fourth, hit, rate, grow


Economy to grow at 5.4% rate in first quarter, Atlanta Fed tracker shows

The economy is on track to put up blockbuster growth numbers in the first quarter, according to the latest forecast from the Atlanta Fed.

GDP is expected to surge 5.4 percent to start 2018, the central bank branch estimated in its latest rolling look at how the economy is progressing.

If the forecast holds, it would be the best quarter since the Great Recession ended in 2009. The previous highest was third quarter of 2014, which hit 5.2 percent.

That forecast comes amid some sharply improving data released Thursday.

Real consumer spending jumped from 3.1 percent to 4 percent amid a sharp savings drawdown, and private fixed-investment growth surged from 5.2 percent to 9.2 percent.

That comes as jobless claims hover around generational lows and the unemployment rate is at 4.1 percent. Productivity, however, continues to be lackluster, falling 0.1 percent in the fourth quarter against an expected rise of 1 percent.

GDP for the fourth quarter came in at 2.6 percent, a disappointment caused primarily by a decline in inventories and a surge in imports, temporary setbacks expected to reverse in the quarters ahead.

President Donald Trump rode to office on promises of growth that would hit at least 3 percent and run as high as 6 percent.

The Atlanta Fed also was optimistic about the 2017 first quarter, estimating growth at one point to be 3.4 percent, where the final reading came in at 1.2 percent.


Company: cnbc, Activity: cnbc, Date: 2018-02-01  Authors: jeff cox
Keywords: news, games, cnbc, companies, percentthat, growth, fed, 54, latest, quarter, atlanta, tracker, forecast, shows, economy, expected, surge, fourth, hit, rate, grow


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There’s something in the chart that tells me oil is about to surge: Trader

Despite a somewhat quiet few weeks for oil, trader Todd Gordon says there’s one trend in the charts that’s signaling a bounce for the commodity. The founder of TradingAnalysis.com is looking at a triangle pattern in particular that has formed in the chart of USO, the exchange-traded fund that tracks oil. Because of his trend prediction, Gordon believes that USO could actually rally up to $12.50 in the early part of 2018. To play for the move higher, Gordon recommended buying the January 11-strik


Despite a somewhat quiet few weeks for oil, trader Todd Gordon says there’s one trend in the charts that’s signaling a bounce for the commodity. The founder of TradingAnalysis.com is looking at a triangle pattern in particular that has formed in the chart of USO, the exchange-traded fund that tracks oil. Because of his trend prediction, Gordon believes that USO could actually rally up to $12.50 in the early part of 2018. To play for the move higher, Gordon recommended buying the January 11-strik
There’s something in the chart that tells me oil is about to surge: Trader Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-12-19  Authors: annie pei, ken cedeno, corbis, getty images, lucas jackson, vernonwiley, chris ratcliffe, bloomberg, kcna, thomas barwick getty images
Keywords: news, games, cnbc, companies, trader, trade, tells, cents, uptrend, gordon, oil, uso, trend, prior, theres, chart, triangle, 54, surge


There’s something in the chart that tells me oil is about to surge: Trader

Despite a somewhat quiet few weeks for oil, trader Todd Gordon says there’s one trend in the charts that’s signaling a bounce for the commodity.

The founder of TradingAnalysis.com is looking at a triangle pattern in particular that has formed in the chart of USO, the exchange-traded fund that tracks oil. Gordon noted that while the ETF has been in an uptrend since the summer, it’s about to break the consolidation that he sees near $11.50 in USO.

“This is a nice triangle, and usually what happens is post-triangle, [the next move will] be in the direction of the trend prior to the current trend,” he said Tuesday on CNBC’s “Trading Nation.” “So that means the direction in which you’d expect this triangle to break would be on the upside, because we were in an uptrend prior to the formation of the triangle.”

Because of his trend prediction, Gordon believes that USO could actually rally up to $12.50 in the early part of 2018. That would represent a more than two-year high for the ETF.

To play for the move higher, Gordon recommended buying the January 11-strike calls for about 54 cents, or $54 per options contract. In order to make money on the trade, USO would have to close above $11.54 on Jan. 19.

But if USO drops, Gordon wants to make sure that he can still get out of the trade and not lose too much of the $54 he paid.

“If that 54 cents in premium that we put out there gets cut in half down to about 26 or 27 cents, let’s cut the trade, contain the risk and move on,” he said. “Otherwise it looks like we should be able to move on up.”

Despite surging from year-to-date lows in June, USO is still down more than 1 percent this year.


Company: cnbc, Activity: cnbc, Date: 2017-12-19  Authors: annie pei, ken cedeno, corbis, getty images, lucas jackson, vernonwiley, chris ratcliffe, bloomberg, kcna, thomas barwick getty images
Keywords: news, games, cnbc, companies, trader, trade, tells, cents, uptrend, gordon, oil, uso, trend, prior, theres, chart, triangle, 54, surge


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He sold an app to Snapchat for $54 million and now makes money traveling the world

It’s been two years since Garrett Gee and his wife Jessica (who goes by “Settie”) decided to sell all of their belongings, take the $45,000 in proceeds and begin traveling the world with their two young children. They made the decision to pack up and leave their home in Utah in 2015, a year after Gee sold the mobile-scanning app he co-founded to Snapchat. The deal, valued at $54 million at the time, gave Gee and his family a hefty financial cushion. And yet, after traveling through 45 countries


It’s been two years since Garrett Gee and his wife Jessica (who goes by “Settie”) decided to sell all of their belongings, take the $45,000 in proceeds and begin traveling the world with their two young children. They made the decision to pack up and leave their home in Utah in 2015, a year after Gee sold the mobile-scanning app he co-founded to Snapchat. The deal, valued at $54 million at the time, gave Gee and his family a hefty financial cushion. And yet, after traveling through 45 countries
He sold an app to Snapchat for $54 million and now makes money traveling the world Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-27  Authors: marguerite ward, source, the bucket list family instagram
Keywords: news, games, cnbc, companies, gee, valued, makes, wife, jessica, traveling, garrett, sold, 54, family, money, million, young, app, snapchat, world


He sold an app to Snapchat for $54 million and now makes money traveling the world

It’s been two years since Garrett Gee and his wife Jessica (who goes by “Settie”) decided to sell all of their belongings, take the $45,000 in proceeds and begin traveling the world with their two young children.

They made the decision to pack up and leave their home in Utah in 2015, a year after Gee sold the mobile-scanning app he co-founded to Snapchat. The deal, valued at $54 million at the time, gave Gee and his family a hefty financial cushion.

And yet, after traveling through 45 countries on 150 flights, the family hasn’t spent any of the money earned from the sale. Garrett, Jessica and their two children, 4-year-old Dorothy and 2-year-old Manilla, have been traveling the globe earning money as “The Bucket List Family.”

“It’s been two years,” Gee tells CNBC Make It in a Skype interview from a hotel in San Francisco. “We’re still going.”


Company: cnbc, Activity: cnbc, Date: 2017-09-27  Authors: marguerite ward, source, the bucket list family instagram
Keywords: news, games, cnbc, companies, gee, valued, makes, wife, jessica, traveling, garrett, sold, 54, family, money, million, young, app, snapchat, world


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