Wall Street’s worst week in two years is creating anxiety that more losses are ahead for investors. Russell Investments’ Douglas Gordon suggested recently that feeling may be justified. He contended an unusual phenomenon is creating near-term challenges for the stock market. “You’ve got late stage in the expansion where you’ve got tightening monetary policy. But … Read more
[Ed. Note: Jim Rickards’ latest New York Times bestseller, The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis, is out now. Learn how to get your free copy – HERE. This vital book transcends rhetoric from the Fed and any threat of a bitcoin bubble to prepare you for what you should … Read more
The stock market is having its worst week in two years. The Dow dropped more than 400 points on Friday despite a strong jobs report that showed wage growth is finally starting to pick up. That’s great news for workers, but it reinforced investors’ concern about inflation and the bond market. The dip put the … Read more
Cryptocurrencies plunged on Friday, with bitcoin at one point sliding below $8,000 and headed for its biggest weekly loss since December 2013, as worries about a regulatory clampdown globally sent investors scrambling to sell. The currencies have come off their lows but analysts said the sell-off was probably not over. This week’s slump brought the … Read more
Investors shouldn’t expect any extraordinary stock moves after Apple Inc., Amazon.com Inc. and Google parent Alphabet Inc. report earnings late Thursday, as options oddsmakers are expecting price reactions that are mostly below the longer-term averages. The technology behemoths, which account for three of the four biggest U.S. companies by market capitalization, all report December-quarter results … Read more
All of the top 50 cryptocurrencies fell by as much as 18.05 percent in the 24 hours to press time, Thursday, Feb.1, as fresh volatility in Bitcoin undermines previous sideways growth. Cross-exchange data from CoinMarketCap shows the broad copycat effect of Bitcoin’s drop on altcoin markets. Only six altcoins in the top 50 had made … Read more
It was a busy day! Last night all eyes were on President Trump. In his State of the Union address, Trump focused on his infrastructure plan and a compromise on immigration. Overall, the speech was well received (he stayed on script), and the major indices were trading higher overnight. We kicked things off this morning with Boeing … Read more
The U.S. stock market failed to defend earlier gains and slid into negative territory on Wednesday after the Federal Reserve kept interest rates unchanged but hinted that it will likely raise rates in March as expected. Main indexes have been higher most of the session even as weak health-care stocks capped the market’s upside. What … Read more
Seattle-based cryptocurrency exchange Bittrex has today made public its criteria for listing and delisting tokens. Bittrex chief executive Bill Shihara had already provided some details of the exchange’s decision-making process during a panel at CES 2018, saying the company looks at whether a token is innovative, the team that developed it and its compliance with … Read more
Microsoft is set to report quarterly earnings Wednesday after the bell, and one trader is bullish on the name in part because of the tech giant’s foray into the world of blockchain technology. The stock, which hit an all-time high Monday, looks well-positioned into earnings, said Michael Bapis, partner and managing director at the Bapis … Read more