After yesterday’s pullback, it was business as usual with stocks opening higher and closing higher The morning kicked off with U.S. Producer Price Indexreport. This was a surprise miss, down 0.1% vs. the 0.2% increase that was expected. So much for that inflation thing everyone’s been talking about! With stocks higher at the open, the major indices … Read more
The stock market may be grinding out new high after new high, but one trader is remaining steadfast on the view that turbulence is right around the corner. Just six weeks after rolling over a massive wager that the CBOE Volatility Index, or VIX, would surge from its subdued levels by January, the volatility vigilante … Read more
U.S. money transfer giant MoneyGram is teaming up with blockchain firm Ripple to test payments using the latter’s cryptocurrency. MoneyGram, based in Dallas, Texas, will use the XRP cryptocurrency to speed up and reduce the cost of transferring money through Ripple’s payment network xRapid. XRP was seen surging on the news, and flew almost 15 … Read more
The cryptocurrency market has begun to recover after the South Korean cryptocurrency trading ban controversy led the market valuation of cryptocurrencies to fall by more than $100 billion. Cryptocurrency Market Starting to Recover Almost immediately after the South Korea Ministry of Justice revealed its plans to continue drafting a cryptocurrency trading ban bill, the price … Read more
South Korea’s government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police and tax authorities raided local exchanges on alleged tax evasion. The clampdown in South Korea, a crucial source of global demand for cryptocurrency, came as policymakers around … Read more
Add Gen Xers to the long list of Americans who fear they won’t have a sizable enough nest egg to retire. Nearly four out of 10 (37%) of Generation X — those born between 1965 and the late 1970s — say they would like to stop working for good and “fully retire” someday, “but will … Read more
Like the Energizer bunny, this bull market keeps going, and going, and going… After starting the day with gains, the major indices traded at record levels for most of the morning. This time it was the DOW leading the way. The DOW got a nice boost from Boeing (BA) after the company reported record jet deliveries and an order … Read more
According to some Harvard economics professors, Bitcoin will eventually be destroyed through the weight of government regulation. Professor Kenneth S. Rogoff believes that the risk of financial anonymity will eventually create an environment where regulation would crush Bitcoin. He said: “Small anonymous transactions with virtual currencies…would be desirable but large-scale anonymous payments would make it … Read more
Stocks were mixed after a slow trading day. The S&P and NASDAQ started the day slightly lower, a first this year. But after the sluggish start, both indices edged higher and were trading in positive territory by 12:30pm ET. In a bit of a twist, the DOW opened higher but could not hold onto early gains. By the end of the session, … Read more
Market capitalization has become an obsession with many cryptocurrency watchers. It refers to the value of the entire digital currency in circulation and is worked out by multiplying the supply of the virtual coin by the price per unit. With bitcoin, the largest cyrptocurrency by market cap, having a quiet start to the year, many … Read more