Category Archives for News

‘Bitcoin is easily going to take out its all-time highs’: Fundstrat’s Tom Lee

bitcoin

Bitcoin appears to be back in business. Having crossed above the $9,000 level on Sunday ahead of Facebook announcing its own cryptocurrency, Libra, bitcoin is now up 146% this year. But that could be just the beginning for its bounce back, says bitcoin bull and Fundstrat Global Advisors’ research chief Tom Lee. “I think bitcoin is easily […]

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Stocks are fresh off all-time highs. Now analysts are laying out what could drag them back down to earth.

stock

Against all odds, the US stock market is sitting near an all-time high.Never mind lingering trade tensions and between the world’s two largest economies, slowing global growth, and looming antitrust regulation with the potential to slam technology stocks. The S&P 500 hit an intraday record Friday after closing at a record the session prior, bringing […]

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How the Trump-Xi trade meeting could set the stock-market tone for the summer

Hopes rise for another ‘cease-fire’ in trade warStock-market bulls might find their summer riding on what happens when President Donald Trump and Chinese leader Xi Jinping meet at the Group of 20 summit in Japan in the coming week. Skeptics argue that investors, after spending May in a painful reassessment of the U.S.-China trade fight, have […]

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Slack shares surge 48% over reference price in market debut

initial public offering

Slack surged 48.5% in its debut Thursday on the New York Stock Exchange in a direct listing rather than an initial public offering. The stock, under the symbol WORK, opened at $38.50, nearly 50% above the reference price of $26 set by the NYSE on Wednesday night. The pop puts Slack’s market cap at $19.5 billion. As […]

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S&P 500 closes at historic peak after Fed adopts easy-money posture

S&P 500

The S&P 500 closed at a record Thursday — its first all-time high in seven weeks — in a broad market rally, after the Federal Reserve signaled that an interest-rate cut may be forthcoming.How did benchmarks fare?The S&P 500 index SPX, +0.95% added 27.72 points, or 1%, to 2,954.18, after earlier touching a new intraday peak of […]

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Opinion: How the Fed got it right by showing patience

fed

Recession panic was overblown, and the Fed may not be as dovish as you thinkThe Federal Reserve got a lot of attention today for putting out a statement changing its previous promise that it would be “patient’’ before cutting interest rates — even as it declined to cut rates now. Whoopee!, social media cried, in […]

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Gold hits over five-year high as Fed hints at rate cuts

Gold prices jumped to their highest level in more than five years on Thursday, after the U.S. Federal Reserve signaled possible interest rate cuts later this year. Spot gold was up 1.3% at $1,377.41 per ounce as of 0117 GMT, after hitting its highest since March 17, 2014 at $1,383.81. U.S. gold futures surged 3% to $1,397.70 […]

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The stock market is inches away from a new high and the Fed could push it over the top

interest rates

The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed continues to promise lower interest rates, and there is no irreparable divide between the U.S. and China on trade. Stocks were rising Tuesday as markets anticipated a dovish Fed on Wednesday, and as the […]

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Stock-market investors haven’t been this bearish since the 2008 financial crisis, says Bank of America

investors

The S&P 500 is within 1% of its closing record set on April 30 The S&P 500 index stands less than 1% shy of a record but investors aren’t loving the climb, based on a recent fund manager survey from Bank of America Merrill Lynch. The survey of 179 global managers overseeing some half trillion dollars in […]

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Stock Market Rally Hits Resistance; Facebook Jumps, MoneyGram Skyrockets On Cryptocurrency News

Dow Jones

Dow Jones futures edged higher early Tuesday, along with S&P 500 futures and Nasdaq futures, after Facebook (FB), Netflix (NFLX) and other FANG stocks led a modest stock market rally Monday. Facebook stock extended a strong regular-session gain ahead of Tuesday’s cryptocurrency announcement. Meanwhile, MoneyGram International (MGI) skyrocketed after hours on a strategic alliance with […]

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