To be aggressively optimistic on this stock market now is to bet that it can challenge the greatest bull market of all-time — the one that ended with the last century in early 2000. In terms of its cumulative gains, persistence, valuation and the public’s exposure to stocks, only the […]
CNBC News
Second-largest cryptocurrency ripple may have run ahead of itself
Digital currency ripple has blown past its cryptocurrency rivals largely because it is working with large institutions, which give it an aura of legitimacy and practicality. However, cryptocurrency enthusiasts say that centralization is the exact opposite of what the technology of the digital currencies should be about. “The reason ripple […]
Trump’s huge offshore drilling plan unlikely to spark a ‘gold rush’ for energy industry
The Trump administration made waves on Thursday by announcing it will open virtually all federal offshore waters to oil and gas drilling. But it’s not yet certain whether drillers have much interest in dipping their toes into uncharted waters. New offshore drilling projects can take up to a decade to […]
Cryptocurrency ripple briefly drops more than 11%
Ripple tumbled more than 11 percent, dropping below $3 Friday, after crossing above that level for the first time two days ago. The digital currency, officially called XRP, was trading near $2.83, down 11.56 percent on the day and off 26 percent from its record high of $3.84 hit Thursday, […]
Cryptocurrency ripple briefly drops more than 11 percent
Ripple tumbled more than 11 percent, dropping below $3 Friday, after crossing above that level for the first time two days ago. The digital currency, officially called XRP, was trading near $2.83, down 11.56 percent on the day and off 26 percent from its record high of $3.84 hit Thursday, […]
Ethereum hits record high; bitcoin climbs back above $16,000
Digital currency ethereum climbed Friday to a record high, while bitcoin attempted to recover from a recent slump. Ethereum briefly rose 9.6 percent to an all-time high of $1,075.39 Friday, according to CoinMarketCap. The digital currency had pared gains midmorning Friday and was trading about 3 percent higher near $1,014. […]
Black unemployment rate falls to record low
Unemployment among black workers is at its lowest since at least the early 1970s, when the government began tracking the data. The black unemployment rate of 6.8 percent in December was the lowest since the Bureau of Labor Statistics started tracking it in 1972, a year in which the rate […]
Cisco shares hit highest level in almost 17 years after Bank of America upgrade
Cisco Systems rose more than 1 percent to its highest level in nearly 17 years on Friday, after an analyst at Bank of America Merrill Lynch upgraded the stock. Analyst Tal Liani upgraded shares of Cisco to buy from neutral and raised his price target to $46 from $37. The […]
LinkedIn report finds a 24.2% rise in December hiring
U.S. employers hired more people in December than a year ago, and cities in the Sun Belt are showing solid hiring growth, according to the LinkedIn Workforce Report. Hiring across the U.S. was 24.2 percent higher last month than a year earlier, the data showed. The seasonally adjusted hiring figure […]
LinkedIn report finds a 24.2% rise in December hiring as growth in Sun Belt cities booms
U.S. employers hired more people in December than a year ago, and cities in the Sun Belt are showing solid hiring growth, according to the LinkedIn Workforce Report. Hiring across the U.S. was 24.2 percent higher last month than a year earlier, the data showed. The seasonally adjusted hiring figure […]