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 […]
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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 […]
Watch the ruble tank on report Flynn to link Trump directly to Russia probe
The Russian ruble dropped suddenly against the U.S. dollar on an ABC News report that Michael Flynn will testify that he was directed by Donald Trump to make contact with the officials of the country. The dollar gained more than 1.1 percent against the ruble Friday. Flynn also pleaded guilty […]
Where to hide if the Trump trade falls apart
The stock market declined rapidly after a report former national security adviser Michael Flynn was directed by President Donald Trump to talk to Russians. Here’s where to hide if the developments put the Trump economic agenda that the market has cheered at risk. ABC News cited an unidentified confidant as […]
Gold, other safe haven trades surge as investors fear Trump economic agenda in jeopardy
Safe haven assets jumped Friday after ABC News reported former national security advisor Michael Flynn would testify he was directed by President Donald Trump to talk to the Russians. The report raised worries that Trump would not be able to enact highly anticipated proposals such as tax reform that traders […]