Stocks around the world are surging, and just passed an incredible milestone. The MSCI World Index has gone 19 straight months without a 5 percent pullback, its longest on record. The group had its best returns since 2013 last year, thanks largely to a record-breaking stretch in U.S. equities that […]
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Canadian dollar, stocks fall on report that Trump may pull out of NAFTA; peso drops
The Canadian dollar and the country’s stocks fell on Wednesday on the back of a report that says President Donald Trump could pull the U.S. out of NAFTA. The Mexican peso also fell. The loonie fell to trade down 0.8 percent against its U.S. counterpart. The iShares MSCI Canada exchange-traded […]
How to make bitcoin-like returns without as much risk
The cryptocurrency craze has swept the market over the last year, bringing to light the theme of speculative investing. As the price of bitcoin has risen more than 1,550 percent in the last 12 months, investors have been flocking to it and other various digital currencies in a chase for […]
Oil prices are close to levels not seen since the Thanksgiving 2014 bloodbath
A rally that kicked off in June has boosted oil prices to the highest closing levels in more than three years. The oil price downturn is now 3½ years old, but it didn’t gather devastating momentum until OPEC’s fateful Thanksgiving day meeting in 2014. During that meeting, Saudi Arabia, OPEC’s […]
Report Chinese could stop Treasury buying seen as political but hits raw nerve
A threat by unnamed Chinese officials to stop or slow U.S. Treasury buying is being taken somewhat seriously by the bond market and is seen as a potential political message to Washington. Bloomberg Wednesday reported that senior officials reviewing China’s foreign currency holdings had recommended slowing or halting purchases of […]
The Fed is worried about what it will do in the next recession and is considering dramatic changes
Even while the economy and markets are booming, Federal Reserve officials are worrying about how they’ll respond to the next recession, and they don’t especially like the picture they see. It’s one where the economy starts contracting but the Fed, still at a low interest rate, has little ability to […]
Kodak shares have more than tripled since company announced its new cryptocurrency ‘KodakCoin’
Investors really love Eastman Kodak‘s makeover. One day after the 130-year-old industrial company announced plans for its own cryptocurrency, shares are soaring 72 percent. KodakCoin will roll out after an initial coin offering later this month, Kodak said on Tuesday. Blockchain, the technology underpinning popular digital currencies like bitcoin, is […]
This bull market is more powerful than the late 1990s, Ralph Acampora says
The godfather of technical analysis is a raging bull, and he’s becoming even more vocal about it. Last week, Ralph Acampora said he was so bullish he had to sit down and calm down. “I’m not sitting in a chair anymore. I’m sitting in a rocking chair,” he told CNBC’s […]
If you want to buy Tesla stock, ‘now’s the time,’ Evercore says
Tesla shares are seeing a strong start to the year, and some market watchers expect further gains. The stock fell in Tuesday trading, just one session after surging over 6 percent — its best day since September. Although the stock is still off 14 percent from its all-time high, now […]
Three charts are creating the perfect storm for more records, says technician
It’s been the best start to the year since 2006 for the S&P 500 and Nasdaq, with new records and five days of gains already on the books. That winning streak, an extension of a killer 2017, is set to continue, according to one market bull. “We’re seeing something this […]