This index shows enthusiasm for the economy is getting out of hand
While Federal Reserve Chairman Jerome Powell talks up the strength of the U.S. economy, growth expectations appear to have gotten a little out of hand. Wednesday’s report that GDP increased 2.5 percent in the fourth quarter — a notch lower...
Amazon-coin? Most customers would use a cryptocurrency if online retailer creates one: Survey
As Amazon continues its rapid expansion into groceries, health care and more, it may next want to disrupt the banking system, new research indicates. More than half of Amazon shoppers would embrace using an Amazon-created cryptocurrency on the site, according...
Why Volatility is the Norm When Trading the British Pound
Trading GBP Learn how to trade like an expert by reading our guide to the Traits of Successful Traders A professional bank trader once told this writer: “Nobody ever lost money selling the Pound”. As with many financial-market maxims it...
Gun stocks close at multiyear lows after Trump tells lawmakers to raise purchase age
Shares of gun makers Sturm, Ruger & Co. and American Outdoor Brands — formerly Smith & Wesson — fell to multiyear lows Wednesday after Dick’s Sporting Goods announced that it will no longer sell assault-style rifles and President Donald Trump...
Hawkish Powell Raises Hopes For Four Rate Hikes This Year
While mainly maintaining the FOMC’s stance, the new Fed Chair Jerome Powell’s Congressional testimony before the House Finance Services Committee was interpreted as a hawkish one. Heightened speculations for three, or more, rate hikes this year were reflected in higher...
(FED) Chairman Jerome H. Powell – Semiannual Monetary Policy Report to the Congress
Chairman Hensarling, Ranking Member Waters, and members of the Committee, I am pleased to present the Federal Reserve’s semiannual Monetary Policy Report to the Congress. On the occasion of my first appearance before this Committee as Chairman of the Federal...
Circle acquisition of Poloniex is just the beginning of likely consolidation in crypto
News Monday that digital payments company Circle has bought cryptocurrency exchange Poloniex is stirring speculation of more acquisitions in the young digital currency world. “I think this is a really good sign for the industry. It shows that a lot...
Gun maker stocks are trading like something is different after Florida massacre
Gun makers are again the center of a national debate over how to put an end to mass shootings, and their stocks are trading like things are different this time. Several major U.S. companies have dropped their associations with the...
World’s largest asset manager says get ready to ‘stomach complete losses’ in cryptocurrencies
Investors should only consider cryptocurrencies such as bitcoin if they are prepared to lose everything, BlackRock Investment Institute said in its weekly report Monday. “We see cryptocurrencies potentially becoming more widely used in the future as the markets mature. Yet...
Bitcoin spikes $900 higher
Bitcoin jumped back above $10,000 Monday morning amid broad gains in the cryptocurrency market. The largest cryptocurrency spiked in late morning trading to near $10,300. That marked a gain of more than $900, or about 10 percent, over 24 hours...