A disconnect between equities, bonds and the currency market as tax reform legislation nears passage has one equity strategist concerned. The S&P 500 has rallied to record highs as investors price in hopes of corporate tax cuts, but the Treasury market and U.S. dollar are not behaving in a similarly […]
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The late-stage equity bull market could explain a mania like bitcoin
Blame the stock market’s rally for the bitcoin craze that has swept financial markets these last few weeks. While debate rages over whether the digital currency is in a bubble, several market analysts say the cryptocurrency hype would not be possible unless financial markets overall were in the late stage […]
Infamous short-seller Andrew Left scrambling for ways to bet against bitcoin
Short-seller Andrew Left can’t find enough ways to short, or bet against, bitcoin. “If you’re a short-seller right now and you’re cautious and you want to short something that’s related to bitcoin and not bitcoin, you have limited opportunities,” the Citron Research founder said Tuesday on CNBC’s “Fast Money.” “But […]
Bitcoin plunges $1,000 in less than an hour
Bitcoin plunged more than $1,000 in less than an hour Tuesday. The digital currency fell from $17,929 to a low of $16,912 between 3:30 and 4:30 p.m. ET, according to Coinbase, the leading U.S. platform for buying and selling major cryptocurrencies. Bitcoin had traded near $19,800 on Sunday. The slump […]
Crazy town: Tiny fruit juice company soars on speculated move into bitcoin that likely isn’t real
In one of the most speculative stock moves around the bitcoin mania, the tiny stock of a former fruit juice company briefly soared more than 200 percent Tuesday. Future FinTech (FTFT) has a market value of just $12.5 million with Tuesday’s gains, according to FactSet. The stock closed up 64 […]
Interest rates rise in one of biggest 2-day moves of year as tax bill gets closer to becoming law
Treasury yields are staging one of the sharpest two-day moves of the year, as the U.S. tax bill moves closer to becoming law. The House voted to approve the sweeping tax bill Tuesday afternoon, and it was next headed for the Senate. Strategists said the move, which drove the U.S. […]
One-fifth of American adults have experienced sexual harassment at work: CNBC survey
About one in five Americans reported experiencing sexual harassment in the workplace, cutting across the population regardless of geographic location, income or political affiliation. The CNBC All-America Survey found that overall 19 percent of American adults said they have been victims of sexual harassment in the workplace. Among men, the […]
One-fifth of American adults have experienced sexual harassment at work, CNBC survey says
About one in five Americans reported experiencing sexual harassment in the workplace, cutting across the population regardless of geographic location, income or political affiliation, a new survey said. The CNBC All-America Survey found that overall 19 percent of American adults said they have been victims of sexual harassment in the […]
Investors are flocking to Twitter, but the charts show that trouble is ahead
It’s a bird, it’s a plane … nope, it’s Twitter! Shares of Twitter have surged more than 50 percent this year, getting a boost this week on the heels of an upgrade from J.P. Morgan. Despite the move, one technician warns the stock may have flown too high, too fast. […]
Credit Suisse: McDonald’s new value menu will trigger a fast food pricing war
McDonald’s new value menu could be the spark to ignite a new fast-food price war, spelling upside for the Happy Meal restaurant and putting competitors to the test, according to Credit Suisse. As the globe’s largest restaurant by revenue, McDonald’s will be putting its size and market share to work […]