$6 TRILLION INVESTMENT CHIEF: The next recession is years away

Business Insider executive editor Sara Silverstein speaks with Richard Turnill, global chief investment strategist at BlackRock, which oversees $6 trillion. He weighs in on the low-volatility environment, and says that it has some people too bearish on the market. He points out that if an investor sold in the past…

Sketchers is skyrocketing after stellar earnings (SKX)

Sketchers is skyrocketing after reporting earnings, trading up 37.20% on Friday. The company reported adjusted earnings of $0.59 per share, easily beating the Wall Street consensus of $0.43. Revenue also beat, coming in at $1.095 billion compared to expectations of $1.068 billion. It was a record quarter for net sales,…

A $6 trillion investment chief says don’t worry about stock valuations

Business Insider executive editor Sara Silverstein speaks with Richard Turnill, global chief investment strategist at BlackRock, which oversees $6 trillion. She asks him about valuations, which many people say are extended at the moment. He says that people are too concerned about that, and argues that the prices in many…

Apple will have only 3 million iPhone X units when it launches — good luck finding one (AAPL)

Apple will only be able to ship between 2-3 million iPhone X units at launch, says KGI Securities analyst Ming-Chi Kuo. If true, this means there will not be many iPhone X units in any individual market because it is launching in 56 countries. For Apple fans, this means that…

Pickup trucks are a lot of fun — but the Ford Raptor takes things to a new level (F)

Besides teaming up with Domino’s to deliver pizza by driverless cars, Ford has a Performance division that does exactly what you’d expect from a performance decision: create go-fast vehicles, ranging from the Fiesta ST at about $21,000 to the ultra-exclusive $400,000-plus GT supercar. In the mix, remarkably, is a pickup…

GE is getting smoked after missing big on earnings (GE)

Shares of General Electric are down 6.91% to $21.96 after the company reported disappointing earnings and slashed forecasts. GE reported an adjusted profit of $0.29 per share, much lower than the $0.49 per share expected by Wall Street. The company also cut its profit forecasts for the year to $1.05-$1.10…

Here’s a super-quick guide to what traders are talking about right now

Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. Most of the global markets are green. The US Senate passed a budget Thursday night and both the dollar and 10-year yield are rising. The euro is falling as Catalonia tensions continue. Here’s Lutz: Good Morning! US…

Here’s a super-quick guide to what traders are talking about right now

Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. Most of the global markets are green. The US Senate passed a budget Thursday night and both the dollar and 10-year yield are rising. The euro is falling as Catalonia tensions continue. Here’s Lutz: Good Morning! US…