An increasingly bearish picture is unfolding for the U.S. dollar, which has suffered its worst week since March on signs that Federal Reserve money printing rather than government spending may be deployed to bolster the economy in the aftermath of Tuesday’s elections. A potentially divided U.S. government with Republicans in control of the Senate may […]
Stocks closed mostly flat on Friday as traders looked for clarity around the presidential and congressional election results. The S&P 500 ended the session down about 1 point at 3,509.44. The Nasdaq Composite rose less than 0.1% to 11,895.23. The Dow Jones Industrial dipped 66.78 points, or 0.2%, to end the day at 28,323.40. Energy […]
Hertz Global Holdings (OTCMKTS:HTZGQ) is now trading on the “pink sheets” as an unlisted security. On Oct. 30, the New York Stock Exchange filed SEC Form 25 and kicked Hertz stock off of the NYSE with immediate effect. This is an indication that Hertz stock has virtually no value and no one should be buying […]
A bitcoin rally to new 2020 highs has been slowed by lower spot volume. Meanwhile, some ether investors are moving capital out of DeFi. Bitcoin (BTC) trading around $15,502 as of 21:00 UTC (4 p.m. ET). Gaining 2.6% over the previous 24 hours. Bitcoin’s 24-hour range: $15,190-$15,934 BTC near its 10-day moving average but above the […]
Stock Markets U.S. stocks logged their best weekly gain since early April as investors reacted to the increased possibility of a divided government, including a potential Biden win and continued Republican control in the Senate. The final results of the U.S. election are still unknown as of Saturday. However, the market began to price in […]
Joe Biden is president-elect, and Wall Street mostly feels fine about it. Investors learned to ignore Donald Trump’s erratic tweets over the last four years and focus on deregulation and tax cuts. And now that his presidency is coming to an end, Wall Street appears to be putting on blinders yet again and brushing off […]
Stocks closed mostly flat on Friday as traders looked for clarity around the presidential and congressional election results. The S&P 500 ended the session down about 1 point at 3,509.44. The Nasdaq Composite rose less than 0.1% to 11,895.23. The Dow Jones Industrial dipped 66.78 points, or 0.2%, to end the day at 28,323.40. Energy […]
Institutional Investor Hall of Famer Richard Bernstein sees troublesome activity within the market surge. His problem: Big Tech is the main driver. “Narrow leadership is an end-of-cycle event,” the Richard Bernstein Advisors CEO and CIO told CNBC’s “Trading Nation” on Thursday. According to Bernstein, it’s a compelling reason to get cautious. “You want it to […]
The dollar sank to its lowest level in over two months against a basket of peer currencies on Friday, as vote counting for the contentious U.S. election dragged on and investors predicted more losses for the currency. Investors are betting that Democrat Joe Biden will become the next president but Republicans will retain control of […]
Thursday was another strong day for the stock market, extending the upward streak for major market benchmarks to four consecutive days. In stark contrast to the dour mood heading into the weekend before the U.S. elections, investors now seem to be far more comfortable with their view of what’s likely to play out politically in […]
Institutional Investor Hall of Famer Richard Bernstein sees troublesome activity within the market surge. His problem: Big Tech is the main driver. “Narrow leadership is an end-of-cycle event,” the Richard Bernstein Advisors CEO and CIO told CNBC’s “Trading Nation” on Thursday. According to Bernstein, it’s a compelling reason to get cautious. “You want it to […]
A president Joe Biden working alongside Republicans in the Senate and Democrats in the U.S. House of Representatives could mean no major tax hikes, no progressive green agenda, no public option for health care and not much of anything else large on the political front. In other words, it’s the type of “gridlock” down in […]
