The everybody-wants-to-buy-stocks trade keeps propelling Wall Street to record high after record high, but that cannot last forever, economist Mohamed El-Erian warned Friday. “We are living in this wonderful world of liquidity,” the Allianz chief economic advisor said on CNBC’s “Squawk Box.” The 30-year bond yield was around 2.16%. Low bond yields, which move inversely to prices, makes equities more attractive. “I think that you should be increasingly more defensively oriented while keeping a cl

David Paul Morris | Bloomberg | Getty ImagesGoogle on Friday responded to criticism that recent changes to its search results have blurred the lines between ads and regular results, saying it will be experimenting with different designs. As a part of a mid-January redesign to desktop search results, the company made paid links look more like unpaid results. Ad search results have gone through several design changes over the years; for example, Google previously used yellow and green “Ad” boxes t

First, the fact that these tax cuts haven’t just boosted the economy but have also boosted tax revenues needs to be repeated over and over. Because the Democrats and other critics are going to increasingly point to the rising budget deficits and will surely blame the Trump tax cuts for them. This comes despite the overwhelming doomsday predictions by Trump’s opponents that the 2017 Trump tax cut would reduce those revenues. The Trump team needs to appeal to the simple logic that if tax revenues

Researchers examined data that was collected over nine years and measured implicit and explicit biases. The results suggest that while unconscious bias against race and sexual orientation has decreased over time, implicit bias against high-weight people have increased. Despite studies showing that these negative attitudes are having an impact on high-weigh people in the workplace, discrimination against them is still legal in 49 states. Michigan is the only state that has passed legislation that

“I want to focus in here on energy exploration … the XOP ETF has been clearly in a downtrend. There is one energy stock that Gordon would consider as having upside potential, though. “One name that I do like in the energy space — it’s not a member of the XOP, it’s an infrastructure play — is Kinder Morgan,” he said. John Petrides, portfolio manager at Tocqueville Asset Management, takes the opposite side on the energy space – he said there could still be opportunity here after its severe downtur

Depending on their verdict, Supreme Court justices could also diminish states’ power to investigate and punish financial wrongdoing. Congress created the Consumer Financial Protection Bureau in 2010 when it passed the Dodd-Frank financial-reform law, giving it a mission to protect Americans from unfair, deceptive and abusive financial practices. Christopher Peterson director of financial services and senior fellow at the Consumer Federation of AmericaThe plaintiff in the Supreme Court case — Sei

States that supported President Donald Trump in the 2016 election are doing better economically these days than those that went for his opponent. Five of the seven fastest-growing states in the U.S. during 2019 went red in the last presidential contest, according to a trend tracked by Yelp that could come into play as a bevy of Democratic hopefuls look to unseat the Republican incumbent in a race that will heat up soon. An index that the online review site uses to track growth showed that the ga

President Donald Trump’s impeachment trial in the Senate is scheduled to resume Friday as Democrats present final arguments in their case, focusing on the obstruction charge. Lead House impeachment manager Adam Schiff on Thursday argued forcefully that Trump had abused his power, one of the two articles of impeachment against the president. In their presentation, House Democrats have urged the Senate to call witnesses and introduce new documents. The House impeachment inquiry was triggered by Tr

The Pentagon said Friday that 34 U.S. troops were diagnosed with traumatic brain injuries suffered in this month’s Iranian missile strike on an Iraqi air base, and that half of the troops have returned to their military duties. Seventeen of the 34 are still under medical observation, according to Jonathan Hoffman, the chief Pentagon spokesman. President Donald Trump had initially said he was told that no troops had been injured in the Jan. 8 strike. The military said symptoms were not immediatel

Frank Polich | ReutersA key interest rate is moving to levels last seen in the fall when markets were worried about the trade war, and that falling yield may be a warning signal. Investors have been buying bonds big time this week amid fears the coronavirus could spread and impact the global economy. Stocks were lower Friday on concerns about the coronavirus, but all three major stock indices are just about 1% below their recent highs. After the current level, the next technical area lower would

The seemingly unstoppable U.S. stock market continues to set new records, with the latest standard a trend that hasn’t been beaten since 1972. One gauge closely watched by traders is where the market is in relation to its moving averages, which track the market’s performance over various time periods. In this case, FOREX.com looked at how many times the S&P 500 has closed below its 10-day moving average over the past 70 days, a time frame used because it entails the time since the Federal Reserv

Shares of Boeing slipped into negative territory in Friday trading after CNBC confirmed the company is considering an additional production cut for its 787 Dreamliner wide-body jets. Those larger planes like the 787 have grown in importance, with the Max grounded and deliveries of those jets to airlines halted. Boeing in October said it planned to reduce output of the 787 wide-body jets from 14 per month to 12 per month. The company’s planned cut to 12 per month was scheduled to take place later

Kirenaga’s David Scalzo on why one company might be ‘the end of privacy as we know it’David Scalzo, founder of Kirenaga, joins “Squawk Alley” to discuss how start-up Clearview AI is changing data privacy.

Epic Games is changing up Fortnite’s physics engine. The popular battle royale game will move to the Unreal Engine’s new Chaos physics engine with the 11.50 update, which is currently scheduled for early February. While a change in the game’s physics engine may sound like a big deal, in the announcement of the change, Epic says that the main goal is to make sure that “Fortnite still feels like Fortnite.” Because of this new update, Epic has also pushed back the start of Fortnite Chapter 2’s seco

There are always a ton of moving pieces in big-budget, complicated games, that somehow have to all fit together. “GAMES ARE VERY UGLY, FOR A LONG TIME, UNTIL THEY ARE NOT,” he wrote on Twitter. — Cory Barlog Little Creep League (@corybarlog) January 22, 2020″We are, more often than not, going on passion and belief that the vision of this buggy + duct taped together ‘thing’ is going to come together in the end,” Barlog continued. “A lot of game development is just having faith that you’ll get the

Logitech is launching another special edition of its G Pro Wireless Gaming Mouse, with proceeds again benefitting organizations that promote accessibility in video games. Related Xbox Adaptive Controller gets a toolkit full of assists from LogitechLogitech partnered with all three to develop the Logitech G Adaptive Gaming Kit for the Xbox Adaptive Controller; Logitech’s kit launched in November. Last month, Logitech launched its first special edition of the G Pro Wireless Gaming Mouse, called Pi

Steam’s annual Lunar New Year Sale kicked off on Thursday evening, with daily freebies, Year-of-the-Rat-themed backgrounds and emoticons, and, of course, plenty of discounted games. Steam also offers daily free tokens, which are activated by clicking a red envelope on the sale’s homepage once per day. (Traditionally, small red envelopes are filled with money and given to children as gifts during the Lunar New Year.) A few other digital PC game marketplaces are throwing Lunar New Year sales of th

World of Warcraft’s most recent expansion, Battle for Azeroth, has been controversial from the explosive start. But fans have issues with Battle for Azeroth’s story, specifically regarding changes to both the world and their player characters. “Like there are in the real world, and people interpret things differently and convey things differently.” In the Chronicles lore books, the canon retelling of World of Warcraft’s history, raids are usually assigned to one faction or another. In short, it’

British police are to start operational use of live facial recognition (LFR) cameras in London, despite warnings over privacy from rights groups and concerns expressed by the government’s own surveillance watchdog. “The use of live facial recognition technology will be intelligence-led and deployed to specific locations in London,” the city’s Metropolitan Police said in a statement on Friday. Facial recognition cameras have been deployed in other British cities and shopping centers but their use

Christine Lagarde, President of the European Central Bank (ECB), addresses the media during a news conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on December 12, 2019. Daniel Roland | AFP | Getty ImagesA new policy review launched Thursday will help the European Central Bank (ECB) to reconnect with the public, according to ECB Governing Council member and Dutch central bank President Klaas Knot. The review will assess how the ECB looks