Merck – Merck reported upbeat results in a study involving the use of its Keytruda drug in treatment of non-small cell lung cancer, resulting in longer survival rates. Viacom – Viacom asked CBS to raise its takeover bid by $2.8 billion, according to Reuters, asking for 0.68 CBS shares for each Viacom share versus the … Read more
The tables have turned on bitcoin doomsayers. This according to Elizabeth Stark, co-founder of Lightning Labs in a conversation with Yahoo Finance The Final Round. In a turn of events, cryptocurrencies have begun to steal the show again away from blockchain. It’s a far cry from the San Francisco startup’s earlier days when Lightning decided … Read more
Ripple has a problem. The startup controls the world’s third-largest cryptocurrency, XRP. Banks have signed onto its network and bought equity stakes in its business, which wants to rewire how money moves around the world. And yet when it comes to obtaining a coveted listing for XRP on two of the top U.S. cryptocurrency exchanges, … Read more
The era of low volatility is over and it’s stock market investors who will have to pay, “bond king” Jeffrey Gundlach said Wednesday. Rising bond yields and the plunge in cryptocurrencies like bitcoin are providing signs that have led Gundlach to expect stocks to end the year in negative territory. The DoubleLine Capital founder conceded … Read more
The major indices began the day with nice gains. But after a quiet start, stocks quickly dropped and were trading in negative territory 40 minutes later. Then right around 10:20am ET, buying picked up. And by the end of the morning session, we were sitting at new highs for the day. Trading was choppy until the … Read more
Forget Bitcoin… and all the other cryptocurrencies. That was last year’s story… with the biggest gains ALREADY booked. In 2018, the biggest investment story is going to come from this single 10-letter word. I’m talking about BLOCKCHAIN… the technology that powers just about every single cryptocurrency. (If you don’t know what it is yet, click … Read more
Last week’s short trading week ended with some nice gains. But today sellers were back in business. Right out of the gate, we went south pretty fast. By 11:00am ET, indices were already off by over 1%, with tech leading the way down. At 11:30am ET, a massive S&P futures trade of 71,000 contracts were sold (no it wasn’t … Read more
U.S. stocks fell sharply Monday, in the latest example of heavy intraday volatility driven by both uncertainty surrounding trade policy and weakness in the large-capitalization technology and internet sectors. The day’s weakness was broad-based, with all 11 S&P 500 sectors dropping and eight of them shedding more than 2%. There was particular weakness in the … Read more
Jon Matonis, a co-founder of Bitcoin Foundation and executive at VISA, stated that the entrance of major banks and financial institutions like Goldman Sachs will lead to an increase in the liquidity of bitcoin, and ultimately, the bitcoin price. “I think it’s fabulous that they’re getting into it because it brings in new liquidity. They’re … Read more
Stocks managed to pull off a nice little comeback heading into the 3-day weekend. After back-to-back losing weeks, trading got off to a nice start on Monday. The indices opened higher and finished the day with nice gains. But on Tuesday, traders were back to their selling ways. The major indices dropped, erasing a large … Read more