Biotech stocks have lagged recently, as the Nasdaq biotech ETF, the IBB, has declined for three-straight sessions and is down more than 10 percent from its October high. On a technical level, the group’s charts concern Miller Tabak equity strategist Matt Maley. Here’s why: • On Wednesday, the ETF broke […]
CNBC News
LinkedIn report shows a 26% rise in November hiring
U.S. employers hired more people in November than last year, but fewer than in October of this year, according to the LinkedIn Workforce Report. Hiring across the U.S. was 26 percent higher last month than a year earlier, the data showed. The seasonally adjusted hiring figure was 2.2 percent lower […]
Bitcoin soars past $15,000, just hours after crossing $14,000
Bitcoin rocketed higher Thursday, crossing the $15,000 mark just 10 hours after topping $14,000. The landmark happened on the Coinbase exchange at 10 a.m. London time on Thursday, and it traded as high as $15,200 on that platform. That said, there are often significant price differentials on different bitcoin exchanges. […]
Bitcoin blasts past $14,000 — less than 24 hours after crossing $12,000
Bitcoin rocketed higher Wednesday, crossing the $14,000 mark on at least one exchange less than 24 hours after topping $12,000. The landmark happened on the Coinbase exchange just before 6 p.m. ET, and it traded as high as $14,344.22 on that platform. That said, there are often significant price differentials […]
Hot housing stocks are cooling off, and there could be more trouble ahead
Suddenly, housing stocks have gone from hot to not. The iShares U.S. Home Construction exchange-traded fund, the ITB, has fallen more than 1 percent in the last week after advancing more than 50 percent year to date. The ETF is still the best-performing U.S. industry group ETF this year, according […]
Bitcoin tops $13,000, less than 24 hours after topping $12,000 for the first time
Bitcoin climbed above $13,000 Wednesday afternoon after topping $12,000 Tuesday night. The digital currency’s gains accelerated after crossing the psychologically key level. Bitcoin last traded 12.5 percent higher to a record high of $13,158.99, according to CoinDesk. Bitcoin now has a market value of about $220 billion, putting it into […]
Mom-and-pop investors set to drive ‘the last phase of the bull market’
Increased commitment from mom-and-pop investors has some Wall Street market pros wondering whether the bull market is showing its age. Retail participation is considered a classic late-stage sign of a market rally — the capitulation of the last bears is generally indicative that there’s not much money left to be […]
Square’s in a bear market, but here’s why the charts suggest it’s still a buy
Square is trading in a bear market, but if the charts are any indication, now could be the perfect time to buy the high-flying payment stock. Shares of Square rallied more than 4 percent Wednesday morning after CEO Jack Dorsey tweeted that bitcoin is coming to “a lot more” users […]
9 over-the-top gifts for the millionaire who has everything
Volkan Furuncu | Anadolu Agency | Getty Images People in Times Square take part in New Year celebrations on January 01, 2017. Price: $1.2 millionBuy now: A private New Year’s Eve party for 300 above Times Square Nowhere does New Year’s Eve as big as New York City. Give the […]
The mystery behind low volatility may just have been solved, says Credit Suisse
It’s one of the most common questions on Wall Street: Where has all the volatility gone? Between D.C. drama, geopolitical uncertainty surrounding North Korea and President Donald Trump’s tweets, investors have had ample reasons to hit the sell button. But 2017 is shaping up to be one of the least […]