After months of planning, political wrangling and controversy, Trump’s “Cash for Patriots” program is underway! The process actually started as a campaign promise before the 2016 election. Last February, I wrote a report about this “Cash for Patriots” program and explained how Trump’s new policies would lead to big cash payments for Americans. And I’m … Read more
Well, we haven’t seen this in awhile! The major indices were deep in the red at the open. And it only got worse. The DOW was down over 400 points in the afternoon. And the VIX (aka Fear Index) rallied to 6-month highs as profit-taking and bond dumping kept the bears in charge. This time, … Read more
Digital currency bitcoin fell Tuesday as the 20 largest digital currencies by market capitalization all declined, according to CoinMarketCap. Bitcoin traded 12 percent lower near $9,817 as of 1:19 p.m. ET, according to CoinDesk’s bitcoin price index, which tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex. Bitfinex was subpoenaed by the U.S. … Read more
An exchange-traded fund focused on companies that are working with blockchain or are eyeing applications of the tech has launched today. Innovation Shares LLC’s NextGen Protocol ETF (ticker symbol: KOIN) went live on the NYSE Arca exchange this morning. As of press time, price data via though NYSE shows that trading has begun. The information, as … Read more
Check out the companies making headlines after the bell Monday: Metlife stock plunged more than 7 percent after the bell. The insurance provider previewed earnings that fell well short of Wall Street expectations and rescheduled the release of its quarterly and full-year financial results from Jan. 31 to Feb. 13. Metlife also anticipates an impact … Read more
A weak US dollar, a possible war between the US and North Korea or the impeachment of Donald Trump could result in one of the longest-ever rallies for gold, according to precious metals expert Jim Rickards. [Ed. Note: Jim Rickards’ latest New York Times bestseller, The Road to Ruin: The Global Elites’ Secret Plan for the … Read more
Stocks are skating on thin ice at the start of a big week for the markets, according to one trader. “We’ve got the Fed, nonfarm payroll and on Wednesday there are a lot of big earnings coming out here,” Todd Gordon, founder of TradingAnalysis.com, said Monday on CNBC’s “Trading Nation.” Apple, Facebook, Microsoft, Amazon and … Read more
A short-lived and relatively unknown cryptocurrency project built on Ethereum called Prodeum disappeared this weekend—along with the money a small number of hapless investors sunk into it. All that remained of its website was a white page with the word “penis” written on it. Compared to the recent $400 million worth of NEM that was … Read more
A cryptocurrency exchange in Japan is coming under government scrutiny after it said hackers stole $530 million from its users. The exchange, Coincheck, has promised to partially refund the 260,000 cryptocurrency investors affected by the theft, although it didn’t say when it would do so or where it’s getting the money from. The hacking at … Read more
If it seems like stocks are higher every morning, it’s because they are. The S&P opened higher every day last week. In fact, the major indices have opened in positive territory 25 out of the past 30 sessions. That’s the most ever! On Friday, traders seemed to like President Trump’s comments at the World Economic Forum in Davos, Switzerland. Trump promoted … Read more