Ripple surged nearly 56 percent Friday to an all-time high, surpassing ethereum as the second-largest cryptocurrency by market capitalization. Officially called XRP, ripple climbed 55.9 percent to a record high of $2.23 Friday afternoon, according to CoinMarketCap. The digital currency had a market cap of $86.3 billion, surpassing ethereum’s $73 […]
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Incoherent, authoritarian, uninformed: Trump’s New York Times interview is a scary read
The president of the United States is not well. That is an uncomfortable thing to say, but it is an even worse thing to ignore. Consider the interview Trump gave to the New York Times on Thursday. It begins with a string of falsehoods that make it difficult to tell […]
These 36 companies live and die by Apple
Apple doesn’t sell many products — you can probably count most of them on your hands and feet. But it’s hard to overstate the company’s scale and power. As the most valuable franchise in the world, Apple own more U.S. Treasury securities than many major countries, was the fourth-largest purchaser […]
The most important chart for the market next year, according to a top technician
In a year when equities across the world have rallied in synchrony, Ryan Detrick of LPL Financial has identified what could be the most important chart for the market next year, as it could signal that the global rally is far from done. With the S&P 500 up 20 percent […]
From SeaWorld to Sears: Here are 20 stocks hedge funds hate the most right now
One of the main ways hedge funds make money is betting against companies they believe are overvalued, so investors should be wary of stocks with high levels of short interest. S3 Partners’ Ihor Dusaniwsky shared which stocks professional managers and investors are short selling the most in an email to […]
Here are 20 stocks hedge funds hate the most right now
One of the main ways hedge funds make money is betting against companies they believe are overvalued, so investors should be wary of stocks with high levels of short interest. S3 Partners’ Ihor Dusaniwsky shared which stocks professional managers and investors are short selling the most in an email to […]
Dick Bove says ‘time to buy’ Goldman Sachs, reversing negative call
A noted bank stock analyst said in a Friday note that it’s time to buy Goldman Sachs, just about a month after saying investors should bet against the stock. The investing climate today “is exactly the environment Goldman has been preparing for for 10 years,” Dick Bove of Vertical Group […]
Digital currency ripple soars over 30%, briefly becomes second-largest cryptocurrency by market cap
Ripple surged more than 30 percent Friday to an all-time high, briefly surpassing ethereum as the second-largest cryptocurrency by market capitalization. Officially called XRP, ripple climbed nearly 33 percent to a record high of $1.90 and traded near $1.81 Friday morning, according to CoinMarketCap. The digital currency briefly had a […]
Amazon could surge into uncharted territory next year, says technician
High-flying Amazon‘s record run will continue into next year. That’s according to Todd Gordon, founder of TradingAnalysis.com, who says the charts are pointing to record highs for Amazon in early 2018. The online retailer has already surged 58 percent this year, and Gordon says the stock is poised to exceed […]
Philippines accidentally leaves former president’s face off a batch of currency
It took a social media post for the Philippine central bank to realize its mistake of circulating a bunch of defective, “faceless” banknotes. The 100-Philippine peso notes ($2) were missing the portrait of former president Manuel Roxas. Two words were also omitted from the country’s official name, according to a […]