Bitcoin jumped 10 percent Tuesday from session lows of below $10,000. The digital currency climbed above $10,900 in late morning trading, up 10 percent from a low of $9,972.29 hit early Tuesday morning, according to CoinDesk’s bitcoin price index, which tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex. The dip below $10,000 […]
Read moreA panel of fund managers have given their tips on where to find pockets of value in the market — and what assets investors should avoid. The cryptocurrency bitcoin soon popped up in the discussion. “Frankly, we will never invest ever in cryptocurrencies … For us it’s very clear that bitcoin is a bubble,” Kirill […]
Read moreBond yields have risen sharply in the past week, sparking fears of trouble in the Treasury market, but one trader sees a buying opportunity. Treasury yields were modestly lower on Tuesday. On Monday, the 2-year Treasury yield hit its highest level since 2008, while the 5- and 10-year Treasury yields hit their highest levels since […]
Read moreIn the past year there have been four massive changes in factors that determine the outlook for banks: A new tax regime has been put in place for corporations. There has been a significant shift in monetary policy. The banking regulatory regime has been torn apart and is being rebuilt. Advances in technology are changing […]
Read moreMajor U.S.-based energy and consumer appliance stocks jumped Tuesday after President Donald Trump’s decision to slap tariffs on imported solar cells and washing machines. Shares of U.S. home appliance manufacturer Whirlpool jumped 5 percent and shares of Arizona-based First Solar surged 4 percent on Tuesday. The Trump administration will impose a 20 percent tariff on […]
Read moreBridgewater Associates founder Ray Dalio said the tax cut could lead to some big gains for the U.S. stock market. “We are in this Goldilocks period right now. Inflation isn’t a problem. Growth is good, everything is pretty good with a big jolt of stimulation coming from changes in tax laws,” Dalio told CNBC Tuesday […]
Read moreIt’s a win streak that hasn’t been seen since Dwight Eisenhower was in the White House and Billboard’s top song of the year was “The Battle of New Orleans.” Fast forward about 60 years later, and the S&P 500 is setting itself up to potentially do it again. Ten-straight months of gains — unless long-time […]
Read moreCheck out which companies are making headlines before the bell: Johnson & Johnson – Johnson & Johnson reported adjusted quarterly profit of $1.74 per share, 2 cents a share above estimates. Revenue also beat forecasts, with J&J benefiting from strong demand in its pharmaceutical business. Procter & Gamble – The consumer products giant topped estimates […]
Read more
As the broader markets make new highs, General Electric can’t get out of its own way. And according to one chart watcher, investors should expect more pain for the oldest component of the Dow. GE share prices are down 8 percent in January and on track for the 11th-straight month in the red. “This is […]
Read moreLowe’s stock is set to pop 20 percent in the next year as America’s obsession with homes swells under Republican tax cuts, according to one Wall Street bank. Shares of the home improvement company rose 0.9 percent after Bernstein upgraded the stock to outperform from underperform, set to add to a 42 percent climb over […]
Read more