Is the China- U.S. trade war over? Not quite. But according to Treasury Secretary Steven Mnuchin, the trade war is “on hold”. The U.S. and China wrapped up trade talks over the weekend and the news was positive. According to Mnuchin there was “very meaningful progress” made during the talks, and China has agreed to buy more … Read more
Check out the companies making headlines before the bell: Alphabet – Alphabet’s Google operation was the subject of a piece in last night’s episode of “60 Minutes,” highlighting the company’s power and airing comments from critics who say Google is stifling competition. General Electric – GE will merge its transportation business with rail industry equipment … Read more
On previous reports, CCN noted that the $8,200 resistance level is an important threshold to observe given that a drop below the $8,200 mark could lead the bitcoin price back to the $7,900 region. Over the past 24 hours, the cryptocurrency market has rebounded as the bitcoin price reached $8,500 and tokens such as Tron … Read more
After a positive start on Monday, stocks struggled for most of the week. Here’s what was moving the markets last week: Trump & China – Trade negotiations seemed to fall flat after President Trump said that he was doubtful a deal with China could be reached. Small Cap Stocks – The Russell 2000, comprised of small-cap stocks, … Read more
Stocks had a back and forth day before finishing slightly lower. This morning weekly Unemployment Claims came in at 222,000. Although the number was slightly higher than expected, unemployment claims remain at the lowest levels we’ve seen in 48 years. The 4-week moving unemployment claim average is 213,250, which is the lowest since December 13, 1969. The report did … Read more
Investors always try to hit the jackpot while picking stocks. But striking the right chord each time is not easy unless you are blessed with Midas touch. When it comes to the investment market, experts consider value style as one of the most effective approaches. In value investing, investors pick stocks that are cheap but … Read more
The bitcoin price entered another bearish trend this week after failing to pierce $10,000 earlier in the month. The flagship cryptocurrency now sits more than 58 percent below the all-time high it set in December, but one former JPMorgan trader remains confident that it will trade above $20,000 before the year is out. Danny Masters, … Read more
Warren Buffett once called them “financial weapons of mass destruction.” Now Pope Francis, of all people, is taking aim at derivatives. In a sweeping critique of global finance released by the Vatican on Thursday, the Holy See singled out derivatives including credit-default swaps for particular scorn. “A ticking time bomb,” the Vatican called them. The … Read more
The Internet will one day have its very own currency, Twitter and Square CEO Jack Dorsey told attendees at the Consensus blockchain conference on Wednesday. Dorsey, whose comments were earlier reported on by CNET, said he’s positive that the “Internet is going to have a native currency.” And although he couldn’t say for sure what … Read more
Oil poked its head above $80 on Thursday. — RELATED— Now, For the First Time Ever,a Former Wall Street Hedge Fund Manager Reveals How You Can Unlock the Secret “Backdoor” Into… “Washington’s Private “Pension Plan” And collect up to $11,334 per month thanks to this “off-the-books” retirement income source that pays retired congressmen and government … Read more