Cryptos have had a rough year. After peaking in January with a market cap of $820 billion, the value of the entire cryptocurrency universe has plunged to $430 billion, according to CoinMarketCap.com. This while the Dow Jones Industrial Average DJIA, +0.01% and the S&P 500 index SPX, -0.03% despite some wild swings of their own, […]
President Donald Trump’s decision to pull the U.S. out of the Iran nuclear agreement and to impose “powerful” economic sanctions on Tehran wasn’t enough to turn oil prices positive on Tuesday. Oil futures did cut some of their earlier losses to finish off session lows. June West Texas Intermediate crude CLM8, +2.24% the U.S. benchmark, […]
The U.S. stock market has seen volatility rear up in 2018, with major indexes experiencing wild swings on a nearly daily basis. There have been a number of causes often cited for the recent bout of turbulence, including concerns over inflation, geopolitical uncertainty, and the first-quarter earnings season, but one of Wall Street’s most prominent […]
One of Europe’s top airlines is fighting for its life. Shares in Air France-KLM (AFLYY) crashed as much as 14.5% on Monday after the group’s CEO quit over a pay dispute and the French government said it would not intervene to help. France’s finance minister, Bruno Le Maire, told CNN affiliate BFMTV on Sunday that […]
European stocks closed higher on Monday, boosted by a round of well-received earnings reports and an advance for heavyweight Nestlé after the consumer goods giant announced a deal to sell Starbucks products world-wide. A weaker euro after disappointing German data also helped give a lift to the region’s exporters. French stocks, however, underperformed the wider […]
Are the good times coming to an end, after all these years? Increasingly, one of the biggest concerns that U.S. stock-market investors are grappling with is the idea that the U.S. economy has entered the late stage of the expansion cycle, suggesting there may not be much time before the next downturn, and with it, […]
Asian markets edged up on Tuesday following the firmer lead from Wall Street. Oil prices, meanwhile, tracked lower following President Donald Trump’s announcement that he would make a decision on the Iran nuclear deal on Tuesday during U.S. hours. The Nikkei 225 reversed early weakness to tack on 0.2 percent and the Topix edged up […]
CONGRATULATIONS! You just scored return flights to Europe for less than the price of your car rego but how much are you really signing up for? According to CommBank, a third of Aussies spend more on their trip than planned — and when the overall blowout equates to $900 million, it’s a pretty big “whoops”. […]
Dow Jones futures rose solidly early Monday morning along with S&P 500 futures and Nasdaq futures. Apple (AAPL) skyrocketed last week, pushing the Nasdaq composite above its 50-day moving average, with the Dow Jones industrial average and S&P 500 index closing in on that key level. BP (BP), Abiomed (ABMD) are also top stocks breaking […]
Asian markets mostly edged higher on Monday as investors digested last week’s trade talks and U.S. jobs numbers, while U.S. crude topped the $70 mark for the first time since 2014 during late morning trade. In Japan, the benchmark Nikkei 225 came under pressure in morning trade, with the index slipping 0.1 percent, off its […]
Despite the traditional bullish effect of the end-of-month and the FOMC meeting, the market was down into Thursday. The remarkable recovery off of the Thursday low to the Friday close covered almost 70 S&P points. This turnaround appears to be a low. Here are three stocks that are likely to rally in this coming week. Apple […]
At the 2018 Annual Berkshire Hathaway Shareholders’ Meeting, Warren Buffett and his partner, Charlie Munger, discussed their conviction in long-term buy and hold as an investment technique and specifically discussed Wells Fargo, as well as well as their attitude to tech holdings, including Apple. Warren Buffett also shared his belief in the inefficiency of the […]
