The operator of the largest U.S.-based bitcoin exchange has more users than brokerage Charles Schwab. “With all the talk about bitcoin, a good deal of people are also starting to open accounts where they can buy and sell crypto-currencies,” Bespoke Investment Group said in a Friday blog post. Schwab reported […]
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Wall Street analysts dub Gap the ‘weekend winner,’ citing strong mall traffic
Wall Street is declaring Gap Inc. a “weekend winner” as strong department store traffic over the Thanksgiving and Black Friday holiday hints at a better-than-expected holiday season. While analysts were impressed with mall shopping overall, Gap companies including Old Navy were the “biggest surprises.” “Traffic and conversion appeared solid on […]
Veteran strategists see bull market nearing end, after one final eruption upward
Broad agreement seems to be spreading on Wall Street that we are late in this economic and market cycle. But what exactly does that mean for investors when no one knows for sure how long it can “stay late” — or how generous the market might be before the cycle […]
Bitcoin’s post-Thanksgiving surge carries it to a new record high above $9000
Bitcoin is getting in on the shopping surge of Thanksgiving weekend. The digital currency soared above $9,400 to a record high Sunday following increased investor interest around the U.S. Thanksgiving holiday and Black Friday shopping. Bitcoin rose more than 8 percent to a record high of $9,484.91 according to CoinDesk, […]
Five extravagant holiday travel packages that give you breakfast with Santa, and jeweled gifts
Source: Ritz-Carlton Charlotte, N.C. One of three made-of-macaron trees at the Ritz-Carlton Charlotte, N.C. There’s no charge to visit the Holiday Wonderland, on view now through Dec. 27 in the lobby of the Ritz-Carlton Charlotte in North Carolina — but it will certainly make you hungry. Decorations include three trees […]
Bitcoin jumps above $8,700 to record high as users go on a Thanksgiving buying spree
Bitcoin is getting a Black Friday boost. The digital currency climbed above $8,700 to a record high Saturday following increased investor interest around the U.S. Thanksgiving holiday and Black Friday shopping. Bitcoin rose more than 6 percent to a record high of $8,725.13, according to CoinDesk, trading around $8,674 midday […]
Bitcoin users went on a Thanksgiving buying spree, and sent the cryptocurrency to a new record high
Bitcoin is getting a Black Friday boost. The digital currency climbed above $8,700 to a record high Saturday following increased investor interest around the U.S. Thanksgiving holiday and Black Friday shopping. Bitcoin rose more than 6 percent to a record high of $8,725.13, according to CoinDesk, trading around $8,674 midday […]
Retailers need to combine technology and personal service, Ethan Allen CEO says
As retail becomes more competitive, CEO of furniture chain Ethan Allen Farooq Kathwari offered some advice for struggling companies. “Today in retail, if you are a seller of a commodity, it’s hard to have brick-and-mortar. So, what you have to do is, you have to really combine the best of […]
New ETF tries to capitalize on retail’s misery
A new exchange-traded fund aims to capitalize on retail’s decline. Last week, ProShares rolled out its Decline of the Retail Store ETF (EMTY), which is designed to increase in value when the stocks in the index it tracks decline. The fund makes bets against an index of 56 brick-and-mortar retailer […]
Hedge funds hate these 10 stocks, Goldman says
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 so-called short interest. Goldman Sachs listed which stocks professional managers are short selling the most in its latest “Hedge Fund Trend Monitor” […]