3 reasons Trump’s impeachment wouldn’t sink stocks
President Donald Trump is a master showman. In his prior life as real estate developer and reality TV star, you couldn’t go a day without seeing his name in the tabloids. But taking full credit for the creation of wealth...
Canadian Dollar Accelerates Higher as Signs are Good for Trade Deal, Euro Stays Strong
Dollar selloff continues today as full-blown trade war fear receded. Yen follows as the second weakest on return of global risk appetite. Euro’s strongest pace was overtaken by Swiss Franc and Canadian Dollar. The Loonie is awaiting the Canadian Foreign...
Canadian Dollar Jumps to 10-Week High as US-Mexico Reach Trade Deal
The Canadian dollar has gained ground on Tuesday, after posting strong gains on Monday. Currently, USD/CAD is trading at 1.2919, down 0.37% on the day. On the release front, the U.S releases CB Consumer Confidence, which is expected to drop...
Mnuchin hopeful a trade deal with Canada will get done, but prepared to ‘move forward with Mexico’
Treasury Secretary Steven Mnuchin said Tuesday he’s hopeful a revamped trade deal will get done soon with Canada — but if not the U.S. is ready to go forward with one it already has negotiated with Mexico, the third partner...
US100 Stock Index Rallies to Fresh Record Highs, Near Overbought Territory
The US100 stock index (NASDAQ 100) continues to rise above the Ichimoku cloud, remaining inside a bullish channel over the past four months, stretching its upward pattern to a fresh record high of 7,581.70 on Tuesday. According to the MACD,...
Dollar Inches Lower; All Eyes on US-Canada Talks
Here are the latest developments in global markets: FOREX: The dollar traded 0.16% lower against a basket of six major currencies on Tuesday, erasing the modest gains it posted earlier in the session and looking set to post the third...
Stocks, Euro and Canadian Dollar Jump on Trump’s Concession in Mexican Trade Deal
Be it NAFTA or United States-Mexico Trade Agreement, the markets global markets cheer the conclusion of the bilateral deal. DOW ended up 1.01% at 26049.54. S&P 500 and NASDAQ extended record runs, gained 0.77% to 2896.74 and 0.91% to 8017.909...
84% of companies are dabbling in blockchain, new survey says
Companies don’t want to be left off of the blockchain bandwagon. In a new report published by PwC on Monday, 84 percent of executives surveyed said their companies are “actively involved” with the technology. “Everyone is talking about blockchain, and...
After-hours buzz: AMD, AKCA, IONS & more
Check out the companies making headlines after the bell: Shares of Akcea Therapeutics and Ionis Pharmaceuticals plummeted more than 21 percent and nearly 15 percent, respectively, during after-hours trading after the two companies announced that they had received a complete...
Stifel says buy small-cap stocks into year-end due to the improving business environment
Small-cap stocks’ big run this year will keep going into year-end, according to Stifel. The firm is optimistic about smaller companies because of their strong financial performance and the benefits they got from tax reform. President Donald Trump signed the...
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