The Cboe‘s bitcoin futures fell 10 percent Wednesday, triggering a two-minute trading halt early Wednesday afternoon. The futures had triggered trading halts twice in their Sunday night debut as the futures surged. On Wednesday, the futures, which expire in January, were down by more than 7 percent at $16,720 as […]
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DoubleLine’s Gundlach: Interest rates to increase in 2018
Jeffrey Gundlach, CEO of DoubleLine Capital, sees interest rates continuing to rise into 2018 as the Federal Reserve moves to tighten monetary policy and Republicans push tax cuts. “It seems to me that interest rates should continue to rise as we move into 2018,” said Gundlach during CNBC’s “Halftime Report” […]
Dow stock Boeing is on track for best year in nearly 4 decades, but the charts point to trouble
Boeing‘s recent run has been nothing short of amazing. Boeing is on track for its best annual performance since 1978. The stock has soared more than 86 percent this year, adding about $77 billion in market cap and around 892 points to the Dow. Boeing was trading at yet another […]
Another bitcoin rival leaps to a record high, surpassing litecoin’s market value
Another day, another digital currency surge. Ripple, or XRP, leaped 37.5 percent from Tuesday’s close to a record high of 51.37 cents Wednesday, according to CoinMarketCap. The gains pushed ripple past litecoin into fourth place by cryptocurrency market capitalization at $18.23 billion, according to CoinMarketCap. Ripple last traded slightly off […]
Bitcoin ‘dwarfs’ nearly all bubbles, including 1929 crash: Investor Ken Fisher
Whether or not bitcoin is in a bubble, the cryptocurrency’s performance “dwarfs” nearly all bubbles, including the 1929 stock market crash, investor Ken Fisher told CNBC on Wednesday. Bitcoin, which has surged more than 1,500 percent this year, has many market participants warning of a bubble. Fisher suggested looking at […]
Tesla stock is up 12 percent in a week — but it could be time to pump the brakes
Tesla shares have surged 12 percent in the last week, but one equity strategist sees trouble on the horizon. The stock has risen for three-straight sessions on a slew of news the market appeared to like: CEO Elon Musk said last week the electric car manufacturer was working toward custom […]
Strategist Doug Ramsey: The bull market needs a pediatrician, not a mortician
With one of the longest bull markets in history showing little sign of slowing down, Leuthold Group’s Doug Ramsey shared his view that it has more room to run with CNBC PRO’s Mike Santoli. “I’ve got to say it’s acting very youthful. I mean, we’ve joked that at a time […]
Cramer’s charts predict full speed ahead for industrial stocks like Caterpillar, Honeywell
After the Dow Jones industrial average hit yet another all-time high on Tuesday, CNBC’s Jim Cramer had to investigate to see if the white-hot index is showing any signs of cooling. “I think it’s worth asking which red-hot groups will have the staying power once 2018 rolls around,” the “Mad […]
Apple’s up 43,000 percent since its IPO, and could soon surpass $1 trillion in market cap
Apple just celebrated a new milestone – 37 years since its IPO. Apple made its Wall Street debut on Dec. 12, 1980, at $22 per share, or 39 cents split adjusted, and since then the stock has gained more than 43,600 percent to trade near $172 on Tuesday. For reference, […]
Why investors should beware stocks getting the bitcoin boost
A handful of stocks are enjoying a sort of halo effect from investors’ bitcoin mania — but market watchers are cautioning against getting into the names at current levels. Shares of Overstock.com have surged 118 percent in the last three months as the company announced it would enter into the […]