In a massive rebound from a 20 percent plunge last week, bitcoin surged Sunday to a record high above $11,700. The digital currency hit an all-time high of $11,773.83, up 8 percent on the day, according to CoinDesk. That’s 30.5 percent, or nearly $2,753, from a low of $9,021.85 hit […]
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Dow 25K could happen by the end of the year, says market technician Ralph Acampora
Friday’s market selloff does little to change the fact that more record highs are still ahead for the Dow, said top market technician Ralph Acampora, who sees the Dow rallying close to 25,000 by the end of the year. Late last week, stocks came under pressure, with all three major […]
Congress dangles tax cuts before markets — as well as a possible government shutdown
Tax legislation will dominate markets in the week ahead, as Congress works to push through a bill that will include a dramatic cut in corporate taxes and reduce individual taxes for many taxpayers. Investors will also be on the lookout for more headlines about the Russia probe, now that Michael […]
The dollar took a dive on Friday, but it could catch a bid next week
The U.S. dollar index was extremely volatile in Friday trading, tumbling midmorning after President Donald Trump’s former national security advisor Michael Flynn pleaded guilty to lying to the FBI about his communication with Russia’s ambassador to the United States. Despite the greenback’s choppy trading to close the week, it could […]
Sell-off aside, history suggests big gains are in store for market in December
Stocks tumbled on Friday as reports that former national security advisor Michael Flynn was prepared to testify that President Donald Trump directed him to make contact with Russians had investors hitting the sell button. But despite the sell-off, Ryan Detrick, senior strategist at LPL Financial, says the plunge will do […]
Brief dip aside, history suggests that big gains are in store for the market in December
Stocks tumbled on Friday as reports that former national security advisor Michael Flynn was prepared to testify that President Donald Trump directed him to make contact with Russians had investors hitting the sell button. But despite the sell-off, Ryan Detrick, senior strategist at LPL Financial, says the plunge will do […]
Amid tax bill euphoria, one big part of the stock market is getting left behind: Tech
There’s a reason tech has been the worst performing sector this week as the tax bill makes its way through Congress — it’s the sector that benefits the least and could even pay more. The prospects for a 20 percent tax cut turbocharged the stock market Thursday as the Senate […]
The tax bill is bad for the tech industry
There’s a reason tech has been the worst performing sector this week as the tax bill makes its way through Congress — it’s the sector that benefits the least. The prospects for a 20 percent tax cut turbocharged the stock market Thursday as the Senate moved closer to a vote, […]
7 great holiday non-book gifts for book lovers that cost less than $25
Reading has the power to not only make you smarter but also make you richer, more emotionally intelligent and mentally sharper. Just take a look at Elon Musk, Warren Buffett and Bill Gates. For many, the holiday season is a great time to find a nice coffee shop, bookstore or […]
Transport stocks are on fire this week, and may be set for more gains
Transport stocks are on pace for their best week in more than a year, and some market watchers expect more gains. Despite a dip Friday, the Dow Jones transportation average was up nearly 6 percent for the week and was on track for its best week since November 2016. The […]