Trump jabs Amazon for a fourth time in a week, saying the post office loses billions serving retailer
President Donald Trump took to Twitter for the fourth time in one week to bash e-commerce company Amazon on Tuesday. This time, the president reinforced his assessment that Amazon’s business is costing taxpayers “many billions of dollars” through subsidized rates...
Euro Selling Gathers Momentum against Dollar and Canadian, EUR/USD Breaks 1.2285 Finally
EUR/USD finally breaks 1.2285 support with some momentum in early US session. That could be seen as a sign that the forex traders are finally back from holiday, and starting to commit on a position. Events earlier today were important,...
Shares of cryptocurrency play Longfin drop 30% after disclosing SEC investigation
The U.S. Securities and Exchange Commission is investigating trading activity in shares of Longfin, a tiny stock that surged astronomically in December after the firm announced a cryptocurrency-related acquisition, the company disclosed late Monday. Longfin shares, which go by the...
Disregard Trump’s Amazon ‘chatter’ and buy shares, Wall Street analyst says
Tax changes at Amazon would have “limited impact” on the e-commerce company’s profits despite a steady barrage of negative tweets from President Donald Trump, Piper Jaffray told clients Tuesday. Though revisions to the company’s tax policy remain unlikely, analyst Michael...
Small-business hiring falls to lowest level in over 7 years
Small-business hiring in March fell to the lowest point in over seven years, while hourly earnings grew steadily, a report from human resources firm Paychex said Tuesday. The Small Business Jobs Index decreased 0.12 percent from last month and 1.07...
A ‘big puke’ is coming in markets — Nick Colas breaks down new survey results
A fresh poll suggests Wall Street optimism is very much alive — even as the S&P 500 and the Nasdaq fall into correction territory for the second time this year. DataTrek Research’s Nick Colas just finished a special market survey...
RBA Aware of Recent Rise in Yields
The April RBA meeting contained little surprise. Policymakers left the cash rate unchanged at 1.5% and made few changes in the policy statement. The central bank remained upbeat on growth and employment. Yet, it remained wary of the slow growth...
Yen Pared Gains as Asian Markets Stabilized, Australian Dollar Steady after RBA
US equities suffered steep selling overnight with DOW losing -1.9%, S&P 500 losing -2.23%. NASDAQ was worst hit as tech rout continued and closed down -2.74%. While Asian equities opened lower and stay in red, selloff is relatively much milder....
Bitcoin’s market value should fall by more than a third before year-end, Swiss researchers say
The growth of new active bitcoin users is slowing, which by “Metcalfe’s law” indicates that the cryptocurrency’s market capitalization will not grow as quickly as it has, some Swiss researchers said. Metcalfe’s law says the value of a network is...
Bitcoin climbs back above $7,000 even as stocks fall
Bitcoin prices rallied above $7,000 on Monday after shedding 25 percent last week, as major U.S. stock markets fell. The digital currency gained more than $500 from Easter Sunday, according to data from CoinDesk. Bitcoin traded at $7,004 as of...
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